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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>MORGAN STANLEY BANK,N.A.</counterpartyName>
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            <amtCurSold>26387903.2400000000</amtCurSold>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE BANK N.A</name>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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            <amtCurSold>1817007.5300000000</amtCurSold>
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        <securityLending>
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      <invstOrSec>
        <name>MORGAN STANLEY BANK,N.A.</name>
        <lei>G1MLHIS0N32I3QPILB75</lei>
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          <other otherDesc="TradeID" value="26DKKBB06K4"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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      </invstOrSec>
      <invstOrSec>
        <name>CITIBANK N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>CITIBANK N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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        <identifiers>
          <other otherDesc="TradeID" value="26DQKBB3M63"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>MORGAN STANLEY BANK,N.A.</name>
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        <title>SOLD GBP/BOUGHT USD</title>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>MORGAN STANLEY BANK,N.A.</name>
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        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>MORGAN STANLEY BANK,N.A.</name>
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          <fwdDeriv derivCat="FWD">
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      </invstOrSec>
      <invstOrSec>
        <name>CITIBANK N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>MORGAN STANLEY AND CO., LLC</name>
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        <title>SOLD COP/BOUGHT USD</title>
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      <invstOrSec>
        <name>MORGAN STANLEY BANK,N.A.</name>
        <lei>G1MLHIS0N32I3QPILB75</lei>
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      <invstOrSec>
        <name>CITIBANK N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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      <invstOrSec>
        <name>CITIBANK N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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      <invstOrSec>
        <name>MORGAN STANLEY BANK,N.A.</name>
        <lei>G1MLHIS0N32I3QPILB75</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="TradeID" value="26CIKBBXNPK"/>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>UBS AG</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>SOLD AUD/BOUGHT USD</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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        <name>Switch ABS Issuer LLC</name>
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        <name>Pinnacle Bank/Nashville TN</name>
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        <name>Texas Natural Gas Securitization Finance Corp</name>
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        <name>Textron Inc</name>
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        <name>Toronto-Dominion Bank/The</name>
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        <name>Toronto-Dominion Bank/The</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <name>TransDigm Inc</name>
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        <name>Trust 2401</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS Commercial Mortgage Trust 2018-C15</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust 2018-C15 5.31</title>
        <cusip>90278LAC3</cusip>
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          <isin value="US90278LAC37"/>
          <ticker value="UBSCM"/>
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        <balance>2008000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1833824.0700000000</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>2051-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.306996000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>1850000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1716895.6500000000</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>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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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>830000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>819820.1300000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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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>
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          <isin value="US910047AL34"/>
          <ticker value="UAL"/>
          <other otherDesc="SEDOL" value="BW46M90"/>
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        <balance>3290000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3246782.1700000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>478086.6100000000</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>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.536000000000000</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>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>20895000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20678489.3500000000</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>
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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>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond 3.75 08/31/2030</title>
        <cusip>91282CNX5</cusip>
        <identifiers>
          <isin value="US91282CNX55"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BVDCXS8"/>
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        <balance>24000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23640937.4400000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond 3.88 03/31/2031</title>
        <cusip>91282CQG9</cusip>
        <identifiers>
          <isin value="US91282CQG95"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BW5YW93"/>
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        <balance>5000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4967578.1000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000000</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>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>615000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>545001.6800000000</valUSD>
        <pctVal>0.0290355398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.050000000000000</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>Standard Building Solutions Inc</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Building Solutions Inc 6.50 08/15/2032</title>
        <cusip>853191AA2</cusip>
        <identifiers>
          <isin value="US853191AA25"/>
          <ticker value="BMCAUS"/>
          <other otherDesc="SEDOL" value="BR2NXL7"/>
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        <balance>383000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>387088.5300000000</valUSD>
        <pctVal>0.0206225500</pctVal>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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% 02/15/2175 Perpetual</title>
        <cusip>853254CM0</cusip>
        <identifiers>
          <isin value="US853254CM07"/>
          <ticker value="STANLN"/>
          <other otherDesc="SEDOL" value="BQB53W8"/>
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        <balance>1333000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1377542.2000000000</valUSD>
        <pctVal>0.0733900148</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>
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      <invstOrSec>
        <name>LELAND STANFORD JR UNIV</name>
        <lei>JIUV0DC2REIJXQ26CR37</lei>
        <title>Leland Stanford Junior University/The 4.68 03/01/2035</title>
        <cusip>85440KAE4</cusip>
        <identifiers>
          <isin value="US85440KAE47"/>
          <ticker value="STNFRD"/>
          <other otherDesc="SEDOL" value="BTXYJJ3"/>
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        <balance>220000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>219042.1500000000</valUSD>
        <pctVal>0.0116697018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.679000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Sumter Landing Community Development District</name>
        <lei>N/A</lei>
        <title>Sumter Landing Community Development District 5.57% 10/01/2040</title>
        <cusip>86657MCH7</cusip>
        <identifiers>
          <isin value="US86657MCH79"/>
          <ticker value="SLNFAC"/>
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        <balance>470000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>479482.8100000000</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>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.568000000000001</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>Concentrix Corp</name>
        <lei>5493000EAJN1KMPVA737</lei>
        <title>Concentrix Corp 6.60 08/02/2028</title>
        <cusip>20602DAB7</cusip>
        <identifiers>
          <isin value="US20602DAB73"/>
          <ticker value="CNXC"/>
          <other otherDesc="SEDOL" value="BNTDWP9"/>
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        <balance>5485000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5437317.2500000000</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>6.600000000000001</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>Connecticut Avenue Securities Trust 2022-R09</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2022-R09 6.15</title>
        <cusip>20753DAA6</cusip>
        <identifiers>
          <isin value="US20753DAA63"/>
          <ticker value="CAS"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>885986.3300000000</valUSD>
        <pctVal>0.0472018569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</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>Connecticut Avenue Securities Trust 2024-R01</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2024-R01 4.70</title>
        <cusip>20753UAA8</cusip>
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          <isin value="US20753UAA88"/>
          <ticker value="CAS"/>
          <other otherDesc="SEDOL" value="BPDYXX7"/>
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        <curCd>USD</curCd>
        <valUSD>2015727.9500000000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.695160000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2023-R05</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2023-R05 5.55</title>
        <cusip>207942AA1</cusip>
        <identifiers>
          <isin value="US207942AA18"/>
          <ticker value="CAS"/>
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        <balance>3332627.5800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3352059.4600000000</valUSD>
        <pctVal>0.1785845060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>5.545160000000000</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>Core Scientific Finance I LLC</name>
        <lei>N/A</lei>
        <title>Core Scientific Finance I LLC 7.75 05/15/2031</title>
        <cusip>21874LAA0</cusip>
        <identifiers>
          <isin value="US21874LAA08"/>
          <ticker value="CORZ"/>
          <other otherDesc="SEDOL" value="BTXZ1D4"/>
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        <balance>4410000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4401308.7700000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>Ginnie Mae</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2SF 5 5/26 MBS 30yr</title>
        <cusip>21H050656</cusip>
        <identifiers>
          <isin value="US21H0506566"/>
          <ticker value="G2SF"/>
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        <balance>5891000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5840782.1100000000</valUSD>
        <pctVal>0.3111738322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-20</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>
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      </invstOrSec>
      <invstOrSec>
        <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>
        <identifiers>
          <isin value="US22207AAC62"/>
          <ticker value="COTY"/>
          <other otherDesc="SEDOL" value="BVZH9M7"/>
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        <balance>2195000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2136868.2800000000</valUSD>
        <pctVal>0.1138439132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.600000000000001</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>
        <name>Cox Communications Inc</name>
        <lei>5493001NEDZNIFRP2R92</lei>
        <title>Cox Communications Inc 5.70 06/15/2033</title>
        <cusip>224044CS4</cusip>
        <identifiers>
          <isin value="US224044CS42"/>
          <ticker value="COXENT"/>
          <other otherDesc="SEDOL" value="BRRH8P3"/>
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        <balance>727000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>722992.9500000000</valUSD>
        <pctVal>0.0385182126</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>5.700000000000000</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>Credit Agricole SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole SA (pfd) 4.75% 03/23/2175 Perpetual</title>
        <cusip>225313AP0</cusip>
        <identifiers>
          <isin value="US225313AP06"/>
          <ticker value="ACAFP"/>
          <other otherDesc="SEDOL" value="BNYLJX5"/>
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        <balance>3063000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2983548.5400000000</valUSD>
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        <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>
        <name>CyrusOne Data Centers Issuer I LLC</name>
        <lei>N/A</lei>
        <title>CyrusOne Data Centers Issuer I LLC 0.00</title>
        <cusip>23284BAG9</cusip>
        <identifiers>
          <isin value="US23284BAG95"/>
          <ticker value="CYRUS"/>
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        <balance>3898293.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3793027.0000000000</valUSD>
        <pctVal>0.2020775172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-20</maturityDt>
          <couponKind>Fixed</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deephaven Residential Mortgage Trust 2020-2</name>
        <lei>N/A</lei>
        <title>Deephaven Residential Mortgage Trust 2020-2 6.17</title>
        <cusip>24380NAE9</cusip>
        <identifiers>
          <isin value="US24380NAE94"/>
          <ticker value="DRMT"/>
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        <balance>4482000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4488091.0400000000</valUSD>
        <pctVal>0.2391077876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.170809999999999</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Dell International LLC / EMC Corp</name>
        <lei>254900ZARLSVK41DKO78</lei>
        <title>Dell International LLC / EMC Corp 5.30 04/01/2032</title>
        <cusip>24703TAN6</cusip>
        <identifiers>
          <isin value="US24703TAN63"/>
          <ticker value="DELL"/>
          <other otherDesc="SEDOL" value="BRF3FL8"/>
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        <balance>947000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>965714.4800000000</valUSD>
        <pctVal>0.0514494583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.300000000000000</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>
      <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>3556000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3322299.6800000000</valUSD>
        <pctVal>0.1769990223</pctVal>
        <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 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>5312577.6000000000</valUSD>
        <pctVal>0.2830331793</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>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc (pfd) 4.35% 04/15/2175 Perpetual</title>
        <cusip>25746UDM8</cusip>
        <identifiers>
          <isin value="US25746UDM80"/>
          <ticker value="D"/>
          <other otherDesc="SEDOL" value="BP6NM01"/>
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        <balance>2878000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2854630.3500000000</valUSD>
        <pctVal>0.1520834451</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>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>3560000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3855534.1500000000</valUSD>
        <pctVal>0.2054076516</pctVal>
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        <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>
        <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>8000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7868.9000000000</valUSD>
        <pctVal>0.0004192240</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>
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      <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>7200000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7264440.0000000000</valUSD>
        <pctVal>0.3870207090</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>1646000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1584015.3800000000</valUSD>
        <pctVal>0.0843900914</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>
      <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>2676000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2845966.1400000000</valUSD>
        <pctVal>0.1516218502</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>VERTICAL BRIDGE CC LLC</name>
        <lei>549300DKEDU9WZPGTC09</lei>
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        <name>Wells Fargo Commercial Mortgage Trust 2017-C41</name>
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        <name>Petroleos Mexicanos</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Sequoia Mortgage Trust 2024-8</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Sierra Pacific Power Co</name>
        <lei>QB888G5GSVGE1LD1WV84</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Sirius XM Radio LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
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        <cusip>83370RAC2</cusip>
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        <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) 10.00% 05/14/2174 Perpetual</title>
        <cusip>83371GAA9</cusip>
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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>Southern Co Gas Capital Corp</name>
        <lei>E8CD46SWUD2TSN8PA636</lei>
        <title>Southern Co Gas Capital Corp 5.10 09/15/2035</title>
        <cusip>8426EPAK4</cusip>
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          <ticker value="SO"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Expand Energy Corp</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>Expand Energy Corp 5.38 03/15/2030</title>
        <cusip>845467AS8</cusip>
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          <ticker value="EXE"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SEQUOIA MORTGAGE TRUST SEMT 2024 9 A5 144A</name>
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        <title>SEQUOIA MORTGAGE TRUST SEMT 2024 9 A5 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust 2026-5</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2026-5 5.50</title>
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          <ticker value="SEMT"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>UnitedHealth Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc 5.30 06/15/2035</title>
        <cusip>91324PFQ0</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Regents of the University of California Medical Center Pooled Revenue</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust 2026-5</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2026-5 5.00</title>
        <cusip>81750TAE8</cusip>
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          <ticker value="SEMT"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>University of California 3.07% 05/15/2051</title>
        <cusip>91412HKE2</cusip>
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        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>Univision Communications Inc</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications Inc 8.875 04/15/2033</title>
        <cusip>914906BB7</cusip>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria SA</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>Banco Bilbao Vizcaya Argentaria SA (pfd) 6.13% 02/16/2175 Perpetual</title>
        <cusip>05946KAF8</cusip>
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          <ticker value="BBVASM"/>
          <other otherDesc="SEDOL" value="BD5W7S8"/>
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        <curCd>USD</curCd>
        <valUSD>2007350.0000000000</valUSD>
        <pctVal>0.1069436901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria SA</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>Banco Bilbao Vizcaya Argentaria SA (pfd) 9.38% 12/19/2174 Perpetual</title>
        <cusip>05946KAM3</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Banco Davivienda SA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Santander SA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
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          <isin value="US3133KL2S53"/>
          <ticker value="FR"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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

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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <isin value="US3133KPGB85"/>
          <ticker value="FR"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Fedex Freight Holding Co Inc</name>
        <lei>984500Y1DA5A58ICE336</lei>
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          <ticker value="FDX"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Flexential Issuer LLC</name>
        <lei>N/A</lei>
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          <isin value="US33938MAK53"/>
          <ticker value="FLX"/>
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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>Flowers Foods Inc</name>
        <lei>7YNCQQNDK8FBM9BBTK25</lei>
        <title>Flowers Foods Inc 5.75 03/15/2035</title>
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          <isin value="US343498AD32"/>
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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>Ford Motor Credit Co LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
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          <ticker value="FABSJV"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>Foundry JV Holdco LLC 6.10 01/25/2036</title>
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          <couponKind>Fixed</couponKind>
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        <name>Foundry JV Holdco LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>Freedom Mortgage Holdings LLC 9.25 02/01/2029</title>
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          <isin value="US35641AAA60"/>
          <ticker value="FREMOR"/>
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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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        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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        <cusip>544435C32</cusip>
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          <ticker value="LOSAPT"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Louisiana-Pacific Corp</name>
        <lei>549300C7E2UAO5BVRR75</lei>
        <title>Louisiana-Pacific Corp 3.63 03/15/2029</title>
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          <ticker value="LPX"/>
          <other otherDesc="SEDOL" value="BK816P1"/>
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        <curCd>USD</curCd>
        <valUSD>1257536.7800000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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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          <ticker value="LOW"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>M&amp;T Bank Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MP 2023 LLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Macquarie Bank Ltd/London</name>
        <lei>549300MPRNPO6FWNKN78</lei>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Maple Parent Holdings Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Maple Parent Holdings Corp</name>
        <lei>254900J6FBJ1E892Q074</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Mars Inc</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>Mars Inc 5.70 05/01/2055</title>
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          <other otherDesc="SEDOL" value="BR4XVL1"/>
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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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        <name>Marriott International Inc/MD</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
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          <ticker value="MAR"/>
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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>Marvell Technology Inc</name>
        <lei>254900WVU0BM7ZCJ9E93</lei>
        <title>Marvell Technology Inc 5.30 04/15/2036</title>
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          <ticker value="MRVL"/>
          <other otherDesc="SEDOL" value="BSHQQ08"/>
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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>Merck &amp; Co Inc</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MetLife Inc</name>
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          <ticker value="MET"/>
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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>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc 10.75 08/01/2069</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FLINT WATER ADVOCACY FUND</name>
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          <ticker value="MISGEN"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Mineral Resources Ltd</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>Mineral Resources Ltd 6.00 05/01/2032</title>
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          <ticker value="MINAU"/>
          <other otherDesc="SEDOL" value="BMWDHQ5"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Minerva Luxembourg SA</name>
        <lei>222100NM3G3RCPGZ2Z17</lei>
        <title>Minerva Luxembourg SA 7.50 04/22/2036</title>
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          <ticker value="BEEFBZ"/>
          <other otherDesc="SEDOL" value="BPDJ2C4"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Missouri Highway &amp; Transportation Commission</name>
        <lei>N/A</lei>
        <title>Missouri Highway &amp; Transportation Commission 5.45% 05/01/2033</title>
        <cusip>60636WNU5</cusip>
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          <ticker value="MOSTRN"/>
          <other otherDesc="SEDOL" value="B4L7KF2"/>
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        <curCd>USD</curCd>
        <valUSD>280800.5500000000</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>5.445000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley 6.63 11/01/2034</title>
        <cusip>61747YFJ9</cusip>
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          <ticker value="MS"/>
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        <curCd>USD</curCd>
        <valUSD>1280628.8900000000</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>2034-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.627000000000001</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>Morgan Stanley</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust 2023-4</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley Private Bank NA</name>
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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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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust 2025-NQM9</name>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust 2026-NQM4</name>
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          <ticker value="MSRM"/>
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        <name>NMI Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG Energy Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nationwide Building Society</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NatWest Group PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Eurex 5 Year Euro BOBL Future</name>
        <lei>N/A</lei>
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        <name>Eurex 10 Year Euro BUND Future</name>
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        <name>French Government Bond Futures</name>
        <lei>N/A</lei>
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        <name>Euro-BTP Italian Bond Futures</name>
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        <name>Japan Government Twenty Year Bond</name>
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        <cusip>N/A</cusip>
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        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 5.50</title>
        <cusip>31418EJ84</cusip>
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          <ticker value="FN"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US31418XYX01"/>
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        <name>Japan Government Twenty Year Bond</name>
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          <isin value="JP1201651J76"/>
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        <name>Spain Government Bond</name>
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        <name>Japan Government Twenty Year Bond</name>
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        <name>Nexstar Media Inc</name>
        <lei>5493006PK6I4I2OOT688</lei>
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        <name>Northern Trust Corp</name>
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        <name>Novartis Capital Corp</name>
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        <name>OCP SA</name>
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        <name>O'Reilly Automotive Inc</name>
        <lei>549300K2RLMQL149Q332</lei>
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        <name>OBX 2024-J1 Trust</name>
        <lei>N/A</lei>
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        <name>OAK-Eagle Acquireco Inc</name>
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        <name>OAK-Eagle Acquireco Inc</name>
        <lei>6488ICS9P20290MA1H31</lei>
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        <name>OBX 2025-J1 Trust</name>
        <lei>N/A</lei>
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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>
          <annualizedRt>5.500000000000000</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>
      <invstOrSec>
        <name>Occidental Petroleum Corp</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp 4.10 02/15/2047</title>
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        <identifiers>
          <isin value="US674599CL77"/>
          <ticker value="OXY"/>
          <other otherDesc="SEDOL" value="BZ1C623"/>
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        <curCd>USD</curCd>
        <valUSD>780751.1800000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.100000000000000</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>
      <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>1950000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1849466.5800000000</valUSD>
        <pctVal>0.0985322843</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CBRE Services Inc</name>
        <lei>549300CTE3HOMEUMM603</lei>
        <title>CBRE Services Inc 4.90 01/15/2033</title>
        <cusip>12505BAL4</cusip>
        <identifiers>
          <isin value="US12505BAL45"/>
          <ticker value="CBG"/>
          <other otherDesc="SEDOL" value="BP9M6F8"/>
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        <balance>2900000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2867421.2800000000</valUSD>
        <pctVal>0.1527648954</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>4.900000000000000</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>CBRE Services Inc</name>
        <lei>549300CTE3HOMEUMM603</lei>
        <title>CBRE Services Inc 5.25 06/01/2036</title>
        <cusip>12505BAM2</cusip>
        <identifiers>
          <isin value="US12505BAM28"/>
          <ticker value="CBG"/>
          <other otherDesc="SEDOL" value="BVH9P23"/>
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        <balance>2065000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2026734.4600000000</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>2036-06-01</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>Capital Automotive REIT</name>
        <lei>N/A</lei>
        <title>Capital Automotive REIT 5.25</title>
        <cusip>12510HAX8</cusip>
        <identifiers>
          <isin value="US12510HAX89"/>
          <ticker value="CAUTO"/>
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        <balance>6731770.8300000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6726887.6000000000</valUSD>
        <pctVal>0.3583820375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-15</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>
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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>3583717.5900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3598913.9900000000</valUSD>
        <pctVal>0.1917359417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-25</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 2025-10</name>
        <lei>529900PXR6MEGSRAOO62</lei>
        <title>Chase Home Lending Mortgage Trust 2025-10 5.50</title>
        <cusip>16160BAE7</cusip>
        <identifiers>
          <isin value="US16160BAE74"/>
          <ticker value="CHASE"/>
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        <balance>7942904.7100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7951116.8800000000</valUSD>
        <pctVal>0.4236041446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</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>Commerzbank AG</name>
        <lei>851WYGNLUQLFZBSYGB56</lei>
        <title>Commerzbank AG (pfd) 7.50% 04/09/2175 Perpetual</title>
        <cusip>D1706CKE3</cusip>
        <identifiers>
          <isin value="XS2914160804"/>
          <ticker value="CMZB"/>
          <other otherDesc="SEDOL" value="BP7MR35"/>
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        <balance>3400000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3554735.2200000000</valUSD>
        <pctVal>0.1893822711</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>
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      </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"/>
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        <balance>3500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
        <valUSD>4090769.9000000000</valUSD>
        <pctVal>0.2179400844</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>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CaixaBank SA</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
        <title>CaixaBank SA 4.00 03/05/2037</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3016984372"/>
          <ticker value="CABKSM"/>
          <other otherDesc="SEDOL" value="BPJL019"/>
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        <balance>6000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
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        <pctVal>0.3728858885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.000000000000000</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>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="0.8520430000"/>
        <valUSD>5252149.3500000000</valUSD>
        <pctVal>0.2798138005</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>United Kingdom Gilt</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>United Kingdom Gilt 4.75 10/22/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BTXS1K06"/>
          <ticker value="UKT"/>
          <other otherDesc="SEDOL" value="BTXS1K0"/>
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        <balance>19000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7348890000"/>
        <valUSD>25337037.2100000000</valUSD>
        <pctVal>1.3498574019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000000</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>mBank SA</name>
        <lei>259400DZXF7UJKK2AY35</lei>
        <title>mBank SA 3.77 03/03/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3244863729"/>
          <ticker value="MBKPW"/>
          <other otherDesc="SEDOL" value="BVD9L74"/>
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        <balance>3000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
        <valUSD>3461066.3100000000</valUSD>
        <pctVal>0.1843919610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.771400000000000</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>Chase Home Lending Mortgage Trust 2024-9</name>
        <lei>N/A</lei>
        <title>Chase Home Lending Mortgage Trust 2024-9 5.50</title>
        <cusip>16160QAD6</cusip>
        <identifiers>
          <isin value="US16160QAD60"/>
          <ticker value="CHASE"/>
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        <balance>3112267.4600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3116150.3200000000</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>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</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>Piedmont Operating Partnership LP</name>
        <lei>549300WKGDPAS39FBD10</lei>
        <title>Piedmont Operating Partnership LP 5.63 01/15/2033</title>
        <cusip>720198AK6</cusip>
        <identifiers>
          <isin value="US720198AK68"/>
          <ticker value="PDM"/>
          <other otherDesc="SEDOL" value="BVMNMC9"/>
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        <balance>3575000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3520158.0000000000</valUSD>
        <pctVal>0.1875401332</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>5.625000000000000</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>Plains All American Pipeline LP / PAA Finance Corp</name>
        <lei>N/A</lei>
        <title>Plains All American Pipeline LP / PAA Finance Corp 5.60 01/15/2036</title>
        <cusip>72650RBS0</cusip>
        <identifiers>
          <isin value="US72650RBS04"/>
          <ticker value="PAA"/>
          <other otherDesc="SEDOL" value="BVZMD86"/>
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        <balance>1416000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1419201.6600000000</valUSD>
        <pctVal>0.0756094665</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>5.600000000000001</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>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey 4.93% 10/01/2051</title>
        <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>412634.3900000000</valUSD>
        <pctVal>0.0219835327</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>1360000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1359360.8000000000</valUSD>
        <pctVal>0.0724213815</pctVal>
        <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>PRKCM 2026-AFC1 Trust</name>
        <lei>N/A</lei>
        <title>PRKCM 2026-AFC1 Trust 4.68</title>
        <cusip>74277KAE6</cusip>
        <identifiers>
          <isin value="US74277KAE64"/>
          <ticker value="PRKCM"/>
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        <balance>8347538.3500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8272637.5600000000</valUSD>
        <pctVal>0.4407334982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.677000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <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>1270000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1290838.2000000000</valUSD>
        <pctVal>0.0687707677</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>1943000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1971513.1000000000</valUSD>
        <pctVal>0.1050344414</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>
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      </invstOrSec>
      <invstOrSec>
        <name>RCKT Mortgage Trust 2026-CES2</name>
        <lei>254900JZ559190WVJ551</lei>
        <title>RCKT Mortgage Trust 2026-CES2 4.76</title>
        <cusip>74940EAA5</cusip>
        <identifiers>
          <isin value="US74940EAA55"/>
          <ticker value="RCKT"/>
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        <balance>9605642.0100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9520499.5200000000</valUSD>
        <pctVal>0.5072146613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.762000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RLI Corp old</name>
        <lei>529900AMTJE5ECN9PS55</lei>
        <title>RLI Corp 5.38 06/01/2036</title>
        <cusip>749607AD9</cusip>
        <identifiers>
          <isin value="US749607AD95"/>
          <ticker value="RLI"/>
          <other otherDesc="SEDOL" value="BWQL602"/>
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        <balance>1504000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1461251.4600000000</valUSD>
        <pctVal>0.0778497140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</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>
        </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>4765603.8100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4787033.7800000000</valUSD>
        <pctVal>0.2550342776</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rocket Cos Inc</name>
        <lei>N/A</lei>
        <title>Rocket Cos Inc 6.13 08/01/2030</title>
        <cusip>77311WAA9</cusip>
        <identifiers>
          <isin value="US77311WAA99"/>
          <ticker value="RKT"/>
          <other otherDesc="SEDOL" value="BVDKGL6"/>
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        <balance>1345000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1365645.7500000000</valUSD>
        <pctVal>0.0727562188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125000000000000</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>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"/>
        </identifiers>
        <balance>231950000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="156.5550000000"/>
        <valUSD>1450005.3000000000</valUSD>
        <pctVal>0.0772505629</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>
        </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>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7348890000"/>
        <valUSD>4139277.5600000000</valUSD>
        <pctVal>0.2205243812</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>
        </securityLending>
      </invstOrSec>
      <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="9.2647000000"/>
        <valUSD>295988.8700000000</valUSD>
        <pctVal>0.0157691195</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rocket Cos Inc</name>
        <lei>N/A</lei>
        <title>Rocket Cos Inc 6.38 08/01/2033</title>
        <cusip>77311WAB7</cusip>
        <identifiers>
          <isin value="US77311WAB72"/>
          <ticker value="RKT"/>
          <other otherDesc="SEDOL" value="BVDKGM7"/>
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        <balance>1680000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1702587.6000000000</valUSD>
        <pctVal>0.0907071516</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>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>Royal Caribbean Cruises Ltd</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd 6.00 02/01/2033</title>
        <cusip>780153BV3</cusip>
        <identifiers>
          <isin value="US780153BV38"/>
          <ticker value="RCL"/>
          <other otherDesc="SEDOL" value="BP09164"/>
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        <balance>1888000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1917435.5100000000</valUSD>
        <pctVal>0.1021534007</pctVal>
        <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>6.000000000000000</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>HPS Corporate Lending Fund</name>
        <lei>549300ZS7IHUA6FKFV61</lei>
        <title>HPS Corporate Lending Fund 4.90 09/11/2028</title>
        <cusip>40440VBB0</cusip>
        <identifiers>
          <isin value="US40440VBB09"/>
          <ticker value="HLEND"/>
          <other otherDesc="SEDOL" value="BWXJHP1"/>
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        <balance>1570000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1537142.0400000000</valUSD>
        <pctVal>0.0818928647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.900000000000000</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>SG Residential Mortgage Trust 2026-3</name>
        <lei>N/A</lei>
        <title>SG Residential Mortgage Trust 2026-3 5.19</title>
        <cusip>78398MAA5</cusip>
        <identifiers>
          <isin value="US78398MAA53"/>
          <ticker value="SGR"/>
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        <balance>4312000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4311983.2300000000</valUSD>
        <pctVal>0.2297254581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.188000000000001</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>SEB Funding LLC</name>
        <lei>N/A</lei>
        <title>SEB Funding LLC 7.39</title>
        <cusip>78433DAC8</cusip>
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          <isin value="US78433DAC83"/>
          <ticker value="SEB4P"/>
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        <curCd>USD</curCd>
        <valUSD>2917285.1200000000</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>2054-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SM Energy Co</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co 6.75 09/15/2026</title>
        <cusip>78454LAN0</cusip>
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          <isin value="US78454LAN01"/>
          <ticker value="SM"/>
          <other otherDesc="SEDOL" value="BDJ0GW5"/>
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        <balance>2292000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2293916.1100000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>salesforce.com Inc</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>Salesforce Inc 4.90 09/15/2031</title>
        <cusip>79466LAS3</cusip>
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          <isin value="US79466LAS34"/>
          <ticker value="CRM"/>
          <other otherDesc="SEDOL" value="BTMSZB0"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.900000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>salesforce.com Inc</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>Salesforce Inc 5.20 03/15/2033</title>
        <cusip>79466LAT1</cusip>
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          <isin value="US79466LAT17"/>
          <ticker value="CRM"/>
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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>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.200000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Santander Mortgage Asset Receivable Trust 2026-CES1</name>
        <lei>25490018SHMEBF8BBD83</lei>
        <title>Santander Mortgage Asset Receivable Trust 2026-CES1 4.88</title>
        <cusip>802932AA1</cusip>
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          <isin value="US802932AA18"/>
          <ticker value="SAN"/>
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        <balance>8594331.1000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8536716.4200000000</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>2056-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.876000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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>3740000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3754481.2800000000</valUSD>
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        <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>
        <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>1658000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1737300.4800000000</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>2033-06-15</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>
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      </invstOrSec>
      <invstOrSec>
        <name>HOMES 2025-AFC3 Trust</name>
        <lei>N/A</lei>
        <title>HOMES 2025-AFC3 Trust 4.93</title>
        <cusip>43762AAC9</cusip>
        <identifiers>
          <isin value="US43762AAC99"/>
          <ticker value="HOMES"/>
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        <balance>5209077.1700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5195411.6800000000</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>2060-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.932000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Honeywell Aerospace Inc</name>
        <lei>213800ZUAQRBYL67JS90</lei>
        <title>Honeywell Aerospace Inc 4.60 03/16/2033</title>
        <cusip>43849RAF2</cusip>
        <identifiers>
          <isin value="US43849RAF29"/>
          <ticker value="HONA"/>
          <other otherDesc="SEDOL" value="BS0DRT2"/>
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        <balance>124000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122475.9600000000</valUSD>
        <pctVal>0.0065250360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-16</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>
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      <invstOrSec>
        <name>Honeywell Aerospace Inc</name>
        <lei>213800ZUAQRBYL67JS90</lei>
        <title>Honeywell Aerospace Inc 4.95 03/16/2036</title>
        <cusip>43849RAG0</cusip>
        <identifiers>
          <isin value="US43849RAG02"/>
          <ticker value="HONA"/>
          <other otherDesc="SEDOL" value="BS0DRV4"/>
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        <balance>1520000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1503327.5600000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.950000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Humana Inc</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>Humana Inc 6.63 09/15/2056</title>
        <cusip>444859CE0</cusip>
        <identifiers>
          <isin value="US444859CE04"/>
          <ticker value="HUM"/>
          <other otherDesc="SEDOL" value="BW47PK5"/>
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        <balance>2004000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1975248.3700000000</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>2056-09-15</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Huntington Bancshares Inc/OH</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares Inc/OH 4.62 01/28/2032</title>
        <cusip>446150BK9</cusip>
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          <isin value="US446150BK99"/>
          <ticker value="HBAN"/>
          <other otherDesc="SEDOL" value="BTZRRS5"/>
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        <balance>3915000.0000000000</balance>
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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>Variable</couponKind>
          <annualizedRt>4.623000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUT 8 DC LLC</name>
        <lei>2549001DBTVKADI7M690</lei>
        <title>HUT 8 DC LLC 6.19 11/15/2042</title>
        <cusip>44813DAA4</cusip>
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          <isin value="US44813DAA46"/>
          <ticker value="HUTRBA"/>
          <other otherDesc="SEDOL" value="BVH9P78"/>
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        <valUSD>1462917.4700000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.192000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Icon Investments Six DAC</name>
        <lei>635400FQ1M7J2CHLAS59</lei>
        <title>Icon Investments Six DAC 5.81 05/08/2027</title>
        <cusip>45115AAA2</cusip>
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          <isin value="US45115AAA25"/>
          <ticker value="ICLR"/>
          <other otherDesc="SEDOL" value="BQSB3H4"/>
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        <curCd>USD</curCd>
        <valUSD>55432.9300000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Intel Corp</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp 5.30 05/15/2036</title>
        <cusip>458140CS7</cusip>
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          <ticker value="INTC"/>
          <other otherDesc="SEDOL" value="BVFCB37"/>
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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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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Intel Corp</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp 6.13 05/15/2056</title>
        <cusip>458140CU2</cusip>
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          <isin value="US458140CU29"/>
          <ticker value="INTC"/>
          <other otherDesc="SEDOL" value="BVH9P89"/>
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        <curCd>USD</curCd>
        <valUSD>1489867.9500000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>435000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>412626.1500000000</valUSD>
        <pctVal>0.0219830937</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>
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      </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>2930000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2918794.8000000000</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>2029-01-15</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>
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      </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>235000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>222277.1300000000</valUSD>
        <pctVal>0.0118420487</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>Lamar Media Corp</name>
        <lei>N/A</lei>
        <title>Lamar Media Corp 3.75 02/15/2028</title>
        <cusip>513075BR1</cusip>
        <identifiers>
          <isin value="US513075BR18"/>
          <ticker value="LAMR"/>
          <other otherDesc="SEDOL" value="BMXWTN2"/>
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        <balance>2715000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2663939.2700000000</valUSD>
        <pctVal>0.1419241765</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>3.750000000000000</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>Latam Airlines Group SA</name>
        <lei>549300HX3UUDPEFTG707</lei>
        <title>Latam Airlines Group SA 7.88 04/15/2030</title>
        <cusip>51817RAD8</cusip>
        <identifiers>
          <isin value="US51817RAD89"/>
          <ticker value="LTMCI"/>
          <other otherDesc="SEDOL" value="BRXF8X9"/>
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        <balance>1287000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1314348.7500000000</valUSD>
        <pctVal>0.0700233170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.875000000000000</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>Liberty Mutual Group Inc</name>
        <lei>QUR0DG15Z6FFGYCHH861</lei>
        <title>Liberty Mutual Group Inc 4.13 12/15/2051</title>
        <cusip>53079EBM5</cusip>
        <identifiers>
          <isin value="US53079EBM57"/>
          <ticker value="LIBMUT"/>
          <other otherDesc="SEDOL" value="BLNL7Z0"/>
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        <balance>4145000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4100244.6900000000</valUSD>
        <pctVal>0.2184448639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-15</maturityDt>
          <couponKind>Variable</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lincoln National Corp</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>Lincoln National Corp 7.00 06/15/2040</title>
        <cusip>534187BA6</cusip>
        <identifiers>
          <isin value="US534187BA67"/>
          <ticker value="LNC"/>
          <other otherDesc="SEDOL" value="B6686G7"/>
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        <balance>328000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>355907.3900000000</valUSD>
        <pctVal>0.0189613419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-15</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>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"/>
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        <balance>4682000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5009665.0900000000</valUSD>
        <pctVal>0.2668951956</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>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>881590.1600000000</valUSD>
        <pctVal>0.0469676463</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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>3966000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3923543.9700000000</valUSD>
        <pctVal>0.2090309465</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>
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      </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="0.8520430000"/>
        <valUSD>4510636.2200000000</valUSD>
        <pctVal>0.2403089058</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>
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      <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"/>
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        <balance>158230000.0000000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="17.4685000000"/>
        <valUSD>8700174.9000000000</valUSD>
        <pctVal>0.4635110013</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>
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      <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"/>
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        <balance>1896000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1765947.0500000000</valUSD>
        <pctVal>0.0940826931</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Xcel Energy Inc</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy Inc 5.75 12/03/2056</title>
        <cusip>98389BBF6</cusip>
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          <isin value="US98389BBF67"/>
          <ticker value="XEL"/>
          <other otherDesc="SEDOL" value="BWPJHP9"/>
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        <balance>2565000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2537798.6900000000</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>2056-12-03</maturityDt>
          <couponKind>Variable</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>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>3851000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4023205.9800000000</valUSD>
        <pctVal>0.2143405453</pctVal>
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        <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>
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          <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="156.5550000000"/>
        <valUSD>6843794.1400000000</valUSD>
        <pctVal>0.3646103568</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="0.8520430000"/>
        <valUSD>9324609.5200000000</valUSD>
        <pctVal>0.4967784148</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>
        </securityLending>
      </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="1.3889850000"/>
        <valUSD>2432605.1000000000</valUSD>
        <pctVal>0.1295996044</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>
        </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 (pfd) 7.88% 06/27/2174 Perpetual</title>
        <cusip>G5533WBS5</cusip>
        <identifiers>
          <isin value="XS1043552261"/>
          <ticker value="LLOYDS"/>
          <other otherDesc="SEDOL" value="BKX5B75"/>
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        <balance>5000000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7348890000"/>
        <valUSD>7042662.2300000000</valUSD>
        <pctVal>0.3752052642</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>
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      </invstOrSec>
      <invstOrSec>
        <name>New Zealand Government Bond</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>New Zealand Government Bond 3.50 04/14/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZGOVDT433C9"/>
          <ticker value="NZGB"/>
          <other otherDesc="SEDOL" value="BYZTRB9"/>
        </identifiers>
        <balance>27500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="NZD" exchangeRt="1.6927630000"/>
        <valUSD>15353796.4600000000</valUSD>
        <pctVal>0.8179897131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-14</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>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"/>
        </identifiers>
        <balance>3086000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
        <valUSD>2305319.7500000000</valUSD>
        <pctVal>0.1228183431</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>11500000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="COP" exchangeRt="3638.4900000000"/>
        <valUSD>2281267.3900000000</valUSD>
        <pctVal>0.1215369282</pctVal>
        <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>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>3080000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7348890000"/>
        <valUSD>4476737.2100000000</valUSD>
        <pctVal>0.2385029003</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>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>5400000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7348890000"/>
        <valUSD>7772391.0000000000</valUSD>
        <pctVal>0.4140823347</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"/>
        </identifiers>
        <balance>603500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="156.5550000000"/>
        <valUSD>2210824.5200000000</valUSD>
        <pctVal>0.1177840099</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>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="156.5550000000"/>
        <valUSD>2307549.0400000000</valUSD>
        <pctVal>0.1229371108</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>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co 5.77 04/22/2035</title>
        <cusip>46647PEH5</cusip>
        <identifiers>
          <isin value="US46647PEH55"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BQKVS00"/>
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        <balance>2337000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2436946.1300000000</valUSD>
        <pctVal>0.1298308774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.766000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co 4.35 01/22/2032</title>
        <cusip>46647PFG6</cusip>
        <identifiers>
          <isin value="US46647PFG63"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BV2FLM8"/>
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        <balance>1435000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1413396.2200000000</valUSD>
        <pctVal>0.0753001755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.347000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co 4.41 04/23/2030</title>
        <cusip>46647PFL5</cusip>
        <identifiers>
          <isin value="US46647PFL58"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BW5RJN5"/>
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        <balance>2880000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2868870.3800000000</valUSD>
        <pctVal>0.1528420977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.408000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co 4.62 04/23/2032</title>
        <cusip>46647PFM3</cusip>
        <identifiers>
          <isin value="US46647PFM32"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BW0TR54"/>
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        <balance>2825000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2812123.1700000000</valUSD>
        <pctVal>0.1498188302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.622000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co 5.15 04/23/2037</title>
        <cusip>46647PFP6</cusip>
        <identifiers>
          <isin value="US46647PFP62"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BPBPC68"/>
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        <balance>1535000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1526416.3900000000</valUSD>
        <pctVal>0.0813214444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.148000000000001</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust 2023-8</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust 2023-8 6.00</title>
        <cusip>46657CAD4</cusip>
        <identifiers>
          <isin value="US46657CAD48"/>
          <ticker value="JPMMT"/>
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        <balance>2333715.6300000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2344629.0200000000</valUSD>
        <pctVal>0.1249125859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-25</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Mortgage Trust 2023-7</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2023-7 5.50</title>
        <cusip>46657DAE0</cusip>
        <identifiers>
          <isin value="US46657DAE04"/>
          <ticker value="JPMMT"/>
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        <balance>6370139.8300000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6379782.3100000000</valUSD>
        <pctVal>0.3398896368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Mortgage Trust Series 2024-8</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust Series 2024-8 5.50</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust 2024-10</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust 2024-10 5.50</title>
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          <isin value="US46658LAD38"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust 2024-10</name>
        <lei>N/A</lei>
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          <isin value="US46658LAK70"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust 2024-CCM1</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust 2024-12</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2024-12 6.00</title>
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        <isRestrictedSec>N</isRestrictedSec>

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

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust 2026-ACES1</name>
        <lei>529900YPO46YLJDFF157</lei>
        <title>JP Morgan Mortgage Trust 2026-ACES1 4.89</title>
        <cusip>46664MAA9</cusip>
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          <isin value="US46664MAA99"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2066-04-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Jefferies Financial Group Inc</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>Jefferies Financial Group Inc 5.50 02/15/2036</title>
        <cusip>47233WLL1</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JetBlue Airways Corp / JetBlue Loyalty LP</name>
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        <cusip>476920AA1</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kentucky Utilities Co</name>
        <lei>AGX0G2MXE54NFNNICD28</lei>
        <title>Kentucky Utilities Co 5.85 08/15/2055</title>
        <cusip>491674BP1</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KeyCorp</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
        <title>KeyCorp 6.40 03/06/2035</title>
        <cusip>49326EEP4</cusip>
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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>Kilroy Realty LP</name>
        <lei>5493008CT3N3JR7P1552</lei>
        <title>Kilroy Realty LP 3.05 02/15/2030</title>
        <cusip>49427RAP7</cusip>
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          <ticker value="KRC"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <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>
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      <invstOrSec>
        <name>Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp</name>
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        <title>Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 7.00 07/15/2031</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>NatWest Group PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group PLC (pfd) 5.13% 12/31/2174 Perpetual</title>
        <cusip>G6422BAA3</cusip>
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          <ticker value="NWG"/>
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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>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA 2.00 05/24/2031</title>
        <cusip>N/A</cusip>
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          <isin value="FR0014003N10"/>
          <ticker value="BNP"/>
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        <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="0.7348890000"/>
        <valUSD>2560628.9800000000</valUSD>
        <pctVal>0.1364202118</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>Commerzbank AG</name>
        <lei>851WYGNLUQLFZBSYGB56</lei>
        <title>Commerzbank AG (pfd) 4.25% 04/09/2175 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="0.8520430000"/>
        <valUSD>8182520.8100000000</valUSD>
        <pctVal>0.4359324332</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="3.6248000000"/>
        <valUSD>3679246.8500000000</valUSD>
        <pctVal>0.1960157596</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="0.8520430000"/>
        <valUSD>5238218.4900000000</valUSD>
        <pctVal>0.2790716193</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC (pfd) 6.88% 03/11/2175 Perpetual</title>
        <cusip>404280EH8</cusip>
        <identifiers>
          <isin value="US404280EH85"/>
          <ticker value="HSBC"/>
          <other otherDesc="SEDOL" value="BQXRZP9"/>
        </identifiers>
        <balance>2008000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2063890.6700000000</valUSD>
        <pctVal>0.1099559540</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>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"/>
        </identifiers>
        <balance>6600000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
        <valUSD>7801640.9400000000</valUSD>
        <pctVal>0.4156406561</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="0.8520430000"/>
        <valUSD>7077127.5300000000</valUSD>
        <pctVal>0.3770414394</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>HPS Corporate Lending Fund</name>
        <lei>549300ZS7IHUA6FKFV61</lei>
        <title>HPS Corporate Lending Fund 5.45 01/14/2028</title>
        <cusip>40440VAH8</cusip>
        <identifiers>
          <isin value="US40440VAH87"/>
          <ticker value="HLEND"/>
          <other otherDesc="SEDOL" value="BN2RDN3"/>
        </identifiers>
        <balance>690000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>688430.6400000000</valUSD>
        <pctVal>0.0366768690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.450000000000000</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>Occidental Petroleum Corp</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp 4.20 03/15/2048</title>
        <cusip>674599CN3</cusip>
        <identifiers>
          <isin value="US674599CN34"/>
          <ticker value="OXY"/>
          <other otherDesc="SEDOL" value="BFMZD75"/>
        </identifiers>
        <balance>730000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>556451.8400000000</valUSD>
        <pctVal>0.0296455591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.200000000000000</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>Occidental Petroleum Corp</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp 6.20 03/15/2040</title>
        <cusip>674599DJ1</cusip>
        <identifiers>
          <isin value="US674599DJ13"/>
          <ticker value="OXY"/>
          <other otherDesc="SEDOL" value="BJCRNM4"/>
        </identifiers>
        <balance>1015000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1049562.7800000000</valUSD>
        <pctVal>0.0559165650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.200000000000000</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>Ohio Turnpike &amp; Infrastructure Commission</name>
        <lei>N/A</lei>
        <title>Ohio Turnpike &amp; Infrastructure Commission 3.22% 02/15/2048</title>
        <cusip>67760HNB3</cusip>
        <identifiers>
          <isin value="US67760HNB32"/>
          <ticker value="OHSTRN"/>
          <other otherDesc="SEDOL" value="BKLR054"/>
        </identifiers>
        <balance>830000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>597095.6100000000</valUSD>
        <pctVal>0.0318108989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.216000000000000</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>ONNI Commerical Mortgage Trust 2024-APT</name>
        <lei>N/A</lei>
        <title>ONNI Commerical Mortgage Trust 2024-APT 5.75</title>
        <cusip>682939AA1</cusip>
        <identifiers>
          <isin value="US682939AA17"/>
          <ticker value="ONNI"/>
        </identifiers>
        <balance>11242000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11365619.2800000000</valUSD>
        <pctVal>0.6055153641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.753011000000000</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>Oracle Corp</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp 4.80 09/26/2032</title>
        <cusip>68389XDK8</cusip>
        <identifiers>
          <isin value="US68389XDK81"/>
          <ticker value="ORCL"/>
          <other otherDesc="SEDOL" value="BVBFJR0"/>
        </identifiers>
        <balance>5555000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5284141.4800000000</valUSD>
        <pctVal>0.2815182150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-26</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>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="156.5550000000"/>
        <valUSD>1050281.6600000000</valUSD>
        <pctVal>0.0559548641</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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <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="3.9715000000"/>
        <valUSD>8792805.9600000000</valUSD>
        <pctVal>0.4684460188</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>
        </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="156.5550000000"/>
        <valUSD>1455893.6100000000</valUSD>
        <pctVal>0.0775642688</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"/>
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        <balance>835000000.0000000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.5550000000"/>
        <valUSD>3932901.6300000000</valUSD>
        <pctVal>0.2095294857</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>
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        <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>
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        <currencyConditional curCd="GBP" exchangeRt="0.7348890000"/>
        <valUSD>2975397.9400000000</valUSD>
        <pctVal>0.1585174659</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>
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        <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% 03/23/2175 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="0.8520430000"/>
        <valUSD>6101407.1100000000</valUSD>
        <pctVal>0.3250589041</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 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"/>
        </identifiers>
        <balance>300000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="156.5550000000"/>
        <valUSD>1237681.9200000000</valUSD>
        <pctVal>0.0659388107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-20</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>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>48000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CNY" exchangeRt="6.8336500000"/>
        <valUSD>7198722.1800000000</valUSD>
        <pctVal>0.3835195228</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp 5.20 09/26/2035</title>
        <cusip>68389XDM4</cusip>
        <identifiers>
          <isin value="US68389XDM48"/>
          <ticker value="ORCL"/>
          <other otherDesc="SEDOL" value="BVBFJW5"/>
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        <balance>3198000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2981680.2100000000</valUSD>
        <pctVal>0.1588521605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-26</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp 5.35 05/04/2033</title>
        <cusip>68389XDY8</cusip>
        <identifiers>
          <isin value="US68389XDY85"/>
          <ticker value="ORCL"/>
          <other otherDesc="SEDOL" value="BTPNG08"/>
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        <balance>2165000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2105787.2300000000</valUSD>
        <pctVal>0.1121880374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.350000000000001</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp 5.70 02/04/2036</title>
        <cusip>68389XDZ5</cusip>
        <identifiers>
          <isin value="US68389XDZ50"/>
          <ticker value="ORCL"/>
          <other otherDesc="SEDOL" value="BTPNFM3"/>
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        <balance>1221000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1173200.7900000000</valUSD>
        <pctVal>0.0625035105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-04</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>Ovintiv Inc</name>
        <lei>2549003MEX7YMKLGI239</lei>
        <title>Ovintiv Inc 7.10 07/15/2053</title>
        <cusip>69047QAD4</cusip>
        <identifiers>
          <isin value="US69047QAD43"/>
          <ticker value="OVV"/>
          <other otherDesc="SEDOL" value="BNSP148"/>
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        <balance>1660000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1809660.7500000000</valUSD>
        <pctVal>0.0964115866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.100000000000001</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>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>
        <units>PA</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3889850000"/>
        <valUSD>12470719.2700000000</valUSD>
        <pctVal>0.6643907326</pctVal>
        <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>
        </securityLending>
      </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>4650000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4819213.5900000000</valUSD>
        <pctVal>0.2567486909</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>Blue Owl Credit Income Corp</name>
        <lei>5493003I42XBWPE05N35</lei>
        <title>Blue Owl Credit Income Corp 7.75 09/16/2027</title>
        <cusip>69120VAP6</cusip>
        <identifiers>
          <isin value="US69120VAP67"/>
          <ticker value="OCINCC"/>
          <other otherDesc="SEDOL" value="BR852H6"/>
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        <balance>2805000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2857461.3800000000</valUSD>
        <pctVal>0.1522342712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000000</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>Blue Owl Credit Income Corp</name>
        <lei>5493003I42XBWPE05N35</lei>
        <title>Blue Owl Credit Income Corp 7.75 01/15/2029</title>
        <cusip>69120VAW1</cusip>
        <identifiers>
          <isin value="US69120VAW19"/>
          <ticker value="OCINCC"/>
          <other otherDesc="SEDOL" value="BS88595"/>
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        <balance>1700000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1753421.1200000000</valUSD>
        <pctVal>0.0934153610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>Blue Owl Capital Corp</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>Blue Owl Capital Corp 3.40 07/15/2026</title>
        <cusip>69121KAE4</cusip>
        <identifiers>
          <isin value="US69121KAE47"/>
          <ticker value="OBDC"/>
          <other otherDesc="SEDOL" value="BNDCHF7"/>
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        <balance>1400000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1394321.6000000000</valUSD>
        <pctVal>0.0742839550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.400000000000000</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>PRKCM 2026-AFC2 Trust</name>
        <lei>N/A</lei>
        <title>PRKCM 2026-AFC2 Trust 5.37</title>
        <cusip>69383YAE7</cusip>
        <identifiers>
          <isin value="US69383YAE77"/>
          <ticker value="PRKCM"/>
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        <balance>9035803.4100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9055110.2100000000</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>2061-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.368000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <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>7600000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7873607.8300000000</valUSD>
        <pctVal>0.4194747681</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>PMT Loan Trust 2025-J2</name>
        <lei>N/A</lei>
        <title>PMT Loan Trust 2025-J2 5.50</title>
        <cusip>69392TAJ6</cusip>
        <identifiers>
          <isin value="US69392TAJ60"/>
          <ticker value="PMTLT"/>
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        <balance>9652335.1200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9638051.5900000000</valUSD>
        <pctVal>0.5134773719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PRKCM 2026-AFC3 Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2061-05-01</maturityDt>
          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <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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        <balance>5118261.2700000000</balance>
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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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      <invstOrSec>
        <name>Pagaya AI Debt Grantor Trust 2026-2</name>
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        <title>Pagaya AI Debt Grantor Trust 2026-2 6.03</title>
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          <isin value="US69549PAC14"/>
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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>Eaton Corp</name>
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          <ticker value="ETN"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eaton Corp</name>
        <lei>0NZWDMRCE180888QQE14</lei>
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          <isin value="US278058DZ25"/>
          <ticker value="ETN"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ecopetrol SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol SA 7.75 02/01/2032</title>
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          <isin value="US279158AW93"/>
          <ticker value="ECOPET"/>
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        <curCd>USD</curCd>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>
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          <isin value="US28416VAA89"/>
          <ticker value="EHGVT"/>
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        <balance>5444898.5400000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5419854.1800000000</valUSD>
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        <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>
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        <securityLending>
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      <invstOrSec>
        <name>Fifth Third Bank NA</name>
        <lei>QFROUN1UWUYU0DVIWD51</lei>
        <title>Fifth Third Bank NA 5.33 08/25/2033</title>
        <cusip>200339EX3</cusip>
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          <isin value="US200339EX39"/>
          <ticker value="FITB"/>
          <other otherDesc="SEDOL" value="BNLXR74"/>
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        <curCd>USD</curCd>
        <valUSD>3444911.1100000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.332000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Comision Federal de Electricidad</name>
        <lei>4469000001BFPONMPF32</lei>
        <title>Comision Federal de Electricidad 6.05 01/28/2034</title>
        <cusip>200447AQ3</cusip>
        <identifiers>
          <isin value="US200447AQ31"/>
          <ticker value="CFELEC"/>
          <other otherDesc="SEDOL" value="BWPJG07"/>
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        <balance>1506000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1488876.7800000000</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>2034-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.045000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Commercial Metals Co</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>Commercial Metals Co 5.75 11/15/2033</title>
        <cusip>201723AS2</cusip>
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          <isin value="US201723AS24"/>
          <ticker value="CMC"/>
          <other otherDesc="SEDOL" value="BS84Y29"/>
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        <balance>2740000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2746143.0800000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CompoSecure Holdings LLC</name>
        <lei>N/A</lei>
        <title>CompoSecure Holdings LLC 5.63 02/01/2033</title>
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          <isin value="US20459XAC56"/>
          <ticker value="COMPOS"/>
          <other otherDesc="SEDOL" value="BS46DK0"/>
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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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Emera Inc</name>
        <lei>NQZVQT2P5IUF2PGA1Q48</lei>
        <title>Emera Inc 6.75 06/15/2076</title>
        <cusip>290876AD3</cusip>
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          <ticker value="EMACN"/>
          <other otherDesc="SEDOL" value="BYYFGC2"/>
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        <curCd>USD</curCd>
        <valUSD>4850242.2900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Emera US Finance LLC</name>
        <lei>N/A</lei>
        <title>Emera US Finance LLC 5.20 04/01/2033</title>
        <cusip>29103HAD9</cusip>
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          <isin value="US29103HAD98"/>
          <ticker value="EMACN"/>
          <other otherDesc="SEDOL" value="BTG0PY5"/>
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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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      <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"/>
          <other otherDesc="SEDOL" value="BWH8VL8"/>
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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>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP 6.13 12/15/2045</title>
        <cusip>29273RBJ7</cusip>
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          <ticker value="ET"/>
          <other otherDesc="SEDOL" value="BYQ24Q1"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP (pfd) 6.25% 02/15/2175 Perpetual</title>
        <cusip>29273VAJ9</cusip>
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          <ticker value="ET"/>
          <other otherDesc="SEDOL" value="BMHR7V7"/>
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        <curCd>USD</curCd>
        <valUSD>4910175.4800000000</valUSD>
        <pctVal>0.2615947816</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>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP (pfd) 6.50% 11/15/2174 Perpetual</title>
        <cusip>29273VAN0</cusip>
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          <isin value="US29273VAN01"/>
          <ticker value="ET"/>
          <other otherDesc="SEDOL" value="BN2CHF8"/>
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        <curCd>USD</curCd>
        <valUSD>2906108.5000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP 5.95 05/15/2054</title>
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          <isin value="US29273VAW00"/>
          <ticker value="ET"/>
          <other otherDesc="SEDOL" value="BQHNMW9"/>
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        <curCd>USD</curCd>
        <valUSD>1871049.9900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>3180000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3178938.5200000000</valUSD>
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        <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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ITC Holdings Corp</name>
        <lei>549300HTO5U9D3SLE207</lei>
        <title>ITC Holdings Corp 5.50 04/15/2036</title>
        <cusip>465685AV7</cusip>
        <identifiers>
          <isin value="US465685AV75"/>
          <ticker value="ITC"/>
          <other otherDesc="SEDOL" value="BTG0PZ6"/>
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        <balance>569000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>572771.9000000000</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>2036-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <cusip>46647PAA4</cusip>
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          <isin value="US46647PAA49"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BZ7NF45"/>
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        <curCd>USD</curCd>
        <valUSD>2315535.5300000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-22</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amazon.com Inc</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com Inc 4.55 03/13/2033</title>
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        <identifiers>
          <isin value="US023135DE35"/>
          <ticker value="AMZN"/>
          <other otherDesc="SEDOL" value="BS0DRY7"/>
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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>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amazon.com Inc</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com Inc 4.88 03/13/2036</title>
        <cusip>023135DF0</cusip>
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          <isin value="US023135DF00"/>
          <ticker value="AMZN"/>
          <other otherDesc="SEDOL" value="BS0DS55"/>
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        <curCd>USD</curCd>
        <valUSD>1256789.5600000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bemis Co Inc</name>
        <lei>PTVU09TE3QPJPL7K4E13</lei>
        <title>Amcor Flexibles North America Inc 5.13 03/12/2036</title>
        <cusip>02344AAK4</cusip>
        <identifiers>
          <isin value="US02344AAK43"/>
          <ticker value="AMCR"/>
          <other otherDesc="SEDOL" value="BW47SX9"/>
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        <balance>1848000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1801887.7400000000</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>2036-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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"/>
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        <balance>2252000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2283435.6700000000</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>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>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA (pfd) 9.63% 02/21/2175 Perpetual</title>
        <cusip>05971KAP4</cusip>
        <identifiers>
          <isin value="US05971KAP49"/>
          <ticker value="SANTAN"/>
          <other otherDesc="SEDOL" value="BNM0V38"/>
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        <curCd>USD</curCd>
        <valUSD>2856630.4000000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>Freedom Mortgage Holdings LLC 6.88 05/01/2031</title>
        <cusip>35641AAE8</cusip>
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          <isin value="US35641AAE82"/>
          <ticker value="FREMOR"/>
          <other otherDesc="SEDOL" value="BWH3W54"/>
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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>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool 3.50</title>
        <cusip>36179ME30</cusip>
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          <isin value="US36179ME304"/>
          <ticker value="G2"/>
          <other otherDesc="SEDOL" value="B7YYVF8"/>
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        <curCd>USD</curCd>
        <valUSD>1353743.5100000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Banco Mercantil del Norte SA/Grand Cayman</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Banco Mercantil del Norte SA/Grand Cayman (pfd) 7.50% 09/27/2174 Perpetual</title>
        <cusip>05971PAB4</cusip>
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          <ticker value="BANORT"/>
          <other otherDesc="SEDOL" value="BK5VM23"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Banco Mercantil del Norte SA/Grand Cayman</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Banco Mercantil del Norte SA/Grand Cayman (pfd) 5.88% 01/24/2175 Perpetual</title>
        <cusip>05973KAA5</cusip>
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          <isin value="US05973KAA51"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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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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          <isin value="US05974EAA82"/>
          <ticker value="FIEMEX"/>
          <other otherDesc="SEDOL" value="BSRH0R6"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BANK 2018-BNK15</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool 3.00</title>
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          <isin value="US36179VMD90"/>
          <ticker value="G2"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool 3.50</title>
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          <ticker value="G2"/>
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        <name>Bank of America Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Equinix Europe 2 Financing Corp LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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          <isin value="US36179XFH44"/>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BAPTIST HOSP INC OBLIG GP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Essent Group Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Meta Platforms Inc</name>
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        <name>Meta Platforms Inc</name>
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        <name>Meta Platforms Inc</name>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>Ginnie Mae II Pool 4.00</title>
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        <name>Freddie Mac Pool</name>
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          <ticker value="FR"/>
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        <name>Freddie Mac Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLP Capital LP / GLP Financing II Inc</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US361841AX75"/>
          <ticker value="GLPI"/>
          <other otherDesc="SEDOL" value="BVPN4P3"/>
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        <balance>1520000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1495009.0700000000</valUSD>
        <pctVal>0.0796481863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Ginnie Mae I Pool</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool 4.50</title>
        <cusip>3620A94L2</cusip>
        <identifiers>
          <isin value="US3620A94L22"/>
          <ticker value="GN"/>
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        <balance>2402.2700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2386.8700000000</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>2040-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool 3.50</title>
        <cusip>3132DNQ71</cusip>
        <identifiers>
          <isin value="US3132DNQ717"/>
          <ticker value="FR"/>
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        <balance>4209866.2400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3869715.4000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-01</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 3.50</title>
        <cusip>3132DQQF6</cusip>
        <identifiers>
          <isin value="US3132DQQF62"/>
          <ticker value="FR"/>
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        <balance>2618387.7500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2400808.8100000000</valUSD>
        <pctVal>0.1279056235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-01</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>Ginnie Mae I Pool</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool 4.50</title>
        <cusip>3620AE6Y1</cusip>
        <identifiers>
          <isin value="US3620AE6Y12"/>
          <ticker value="GN"/>
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        <balance>1648.0600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1635.4600000000</valUSD>
        <pctVal>0.0000871309</pctVal>
        <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>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>Ginnie Mae I Pool</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool 4.50</title>
        <cusip>3620AMRV6</cusip>
        <identifiers>
          <isin value="US3620AMRV67"/>
          <ticker value="GN"/>
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        <balance>7531.7700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7456.3900000000</valUSD>
        <pctVal>0.0003972470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-15</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>Freddie Mac Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool 3.50</title>
        <cusip>3132DWDT7</cusip>
        <identifiers>
          <isin value="US3132DWDT71"/>
          <ticker value="FR"/>
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        <balance>825261.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>752293.3700000000</valUSD>
        <pctVal>0.0400792234</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 3.50</title>
        <cusip>3133BBGS2</cusip>
        <identifiers>
          <isin value="US3133BBGS26"/>
          <ticker value="FR"/>
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        <balance>281169.6200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>258871.4500000000</valUSD>
        <pctVal>0.0137916498</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>
        <cusip>3133BJNT5</cusip>
        <identifiers>
          <isin value="US3133BJNT51"/>
          <ticker value="FR"/>
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        <balance>5510208.6200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5491962.2800000000</valUSD>
        <pctVal>0.2925900875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</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>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 4.00</title>
        <cusip>3138WGLG7</cusip>
        <identifiers>
          <isin value="US3138WGLG77"/>
          <ticker value="FN"/>
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        <balance>82695.8500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79015.9700000000</valUSD>
        <pctVal>0.0042096592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</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>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>Ginnie Mae II Pool 5.00</title>
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        <identifiers>
          <isin value="US3622ADQC52"/>
          <ticker value="G2"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ginnie Mae I Pool</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool 4.00</title>
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          <isin value="US36230UCQ04"/>
          <ticker value="GN"/>
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        <curCd>USD</curCd>
        <valUSD>2480.4500000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 5.00</title>
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          <isin value="US3140N3AT60"/>
          <ticker value="FN"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 4.00</title>
        <cusip>3140QN4N9</cusip>
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          <isin value="US3140QN4N96"/>
          <ticker value="FN"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust 2019-GC42</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust 2019-GC42 2.80</title>
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          <ticker value="GSMS"/>
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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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        <securityLending>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust 2019-GSA1</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust 2019-GSA1 2.80</title>
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          <ticker value="GSMS"/>
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        <balance>5990000.0000000000</balance>
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        <valUSD>4382203.1400000000</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>2.800000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 3.00</title>
        <cusip>3140QNF31</cusip>
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          <isin value="US3140QNF319"/>
          <ticker value="FN"/>
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        <balance>5027778.4500000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4459196.9900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <ticker value="FN"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 5.00</title>
        <cusip>3140QPXM4</cusip>
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          <ticker value="FN"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 5.00</title>
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          <isin value="US3140QQ7G46"/>
          <ticker value="FN"/>
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        <curCd>USD</curCd>
        <valUSD>10327856.6400000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</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>GXO Logistics Inc</name>
        <lei>5493007CNWMXN78JRN66</lei>
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          <isin value="US36262GAF81"/>
          <ticker value="GXO"/>
          <other otherDesc="SEDOL" value="BRS9QG5"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Grupo Energia Bogota SA ESP</name>
        <lei>529900LG618OWYVHI655</lei>
        <title>Grupo Energia Bogota SA ESP 5.75 10/22/2035</title>
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          <isin value="US40053XAC39"/>
          <ticker value="GEBCB"/>
          <other otherDesc="SEDOL" value="BSNXX02"/>
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        <curCd>USD</curCd>
        <valUSD>1596213.7500000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-22</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 5.50</title>
        <cusip>3140QRR21</cusip>
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          <isin value="US3140QRR216"/>
          <ticker value="FN"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000000</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>
      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 5.50</title>
        <cusip>3140QUBQ8</cusip>
        <identifiers>
          <isin value="US3140QUBQ81"/>
          <ticker value="FN"/>
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        <balance>6899484.6400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6953931.9200000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-01</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>HCA Inc</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA Inc 4.90 11/15/2035</title>
        <cusip>404119DF3</cusip>
        <identifiers>
          <isin value="US404119DF36"/>
          <ticker value="HCA"/>
          <other otherDesc="SEDOL" value="BRCDK50"/>
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        <balance>2827000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2737521.7700000000</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>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.900000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>HCA Inc</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA Inc 5.30 05/15/2036</title>
        <cusip>404119DL0</cusip>
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          <ticker value="HCA"/>
          <other otherDesc="SEDOL" value="BVH9P45"/>
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        <balance>5030000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4986606.1400000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.300000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank NV 3.32 03/13/2037</title>
        <cusip>00084DAV2</cusip>
        <identifiers>
          <isin value="US00084DAV29"/>
          <ticker value="ABNANV"/>
          <other otherDesc="SEDOL" value="BPK3DD7"/>
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        <balance>600000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>537547.1000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.324000000000000</annualizedRt>
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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 4.50</title>
        <cusip>3140W3AV1</cusip>
        <identifiers>
          <isin value="US3140W3AV18"/>
          <ticker value="FN"/>
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        <balance>4783441.3400000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4617940.3900000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 4.00</title>
        <cusip>3140X8S24</cusip>
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          <isin value="US3140X8S242"/>
          <ticker value="FN"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC (pfd) 6.50% 09/23/2174 Perpetual</title>
        <cusip>404280BP3</cusip>
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          <isin value="US404280BP39"/>
          <ticker value="HSBC"/>
          <other otherDesc="SEDOL" value="BFMXK12"/>
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        <units>NS</units>
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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>Santander Mortgage Asset Receivable Trust 2026-NQM2</name>
        <lei>254900X3WQ94L5BYAR60</lei>
        <title>Santander Mortgage Asset Receivable Trust 2026-NQM2 4.70</title>
        <cusip>802933AC5</cusip>
        <identifiers>
          <isin value="US802933AC56"/>
          <ticker value="SAN"/>
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        <units>PA</units>
        <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>Variable</couponKind>
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          <isDefault>N</isDefault>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool 4.00</title>
        <cusip>3140XBJE1</cusip>
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          <isin value="US3140XBJE16"/>
          <ticker value="FN"/>
          <other otherDesc="SEDOL" value="BL6JGS7"/>
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        <balance>6626833.7200000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6289238.4200000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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 2.50</title>
        <cusip>3140XDS98</cusip>
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          <isin value="US3140XDS988"/>
          <ticker value="FN"/>
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        <balance>5044515.5300000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4284503.2200000000</valUSD>
        <pctVal>0.2282614316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000000</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>Charles Schwab Corp/The</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The (pfd) 4.00% 06/01/2174 Perpetual</title>
        <cusip>808513BK0</cusip>
        <identifiers>
          <isin value="US808513BK01"/>
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        <name>Sequoia Mortgage Trust 2024-8</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Abbott Laboratories</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Matador Resources Co</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Advance Auto Parts Inc</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
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          <isin value="US00751YAL02"/>
          <ticker value="AAP"/>
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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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      <invstOrSec>
        <name>Sumisho Air Lease Corp</name>
        <lei>5493004NW4M4P8TMMK63</lei>
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          <isin value="US00912XBJ28"/>
          <ticker value="SUMIAL"/>
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        <curCd>USD</curCd>
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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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      <invstOrSec>
        <name>MFA 2025-NQM3 Trust</name>
        <lei>2549007EHG79GWD49I44</lei>
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        <cusip>58004LAC1</cusip>
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          <isin value="US58004LAC19"/>
          <ticker value="MFRA"/>
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        <balance>8118198.7100000000</balance>
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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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          <maturityDt>2070-08-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Medline Borrower LP/Medline Co-Issuer Inc</name>
        <lei>254900QT3R363TVK6F09</lei>
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          <isin value="US58506DAA63"/>
          <ticker value="MEDIND"/>
          <other otherDesc="SEDOL" value="BQV0HY3"/>
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        <balance>4973000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5091710.4800000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Economy Assets - Phase 1 Sponsor LLC</name>
        <lei>N/A</lei>
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          <isin value="US643821AB76"/>
          <ticker value="USRE"/>
          <other otherDesc="SEDOL" value="BMHSP38"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2061-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>NEW JERSEY TURNPIKE</name>
        <lei>5493005YN67D71KSMI84</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Aircastle Ltd</name>
        <lei>549300PNK8AKY3OIKP58</lei>
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        <cusip>00928QAW1</cusip>
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          <ticker value="AYR"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allianz SE</name>
        <lei>529900K9B0N5BT694847</lei>
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        <cusip>018820AC4</cusip>
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          <isin value="US018820AC48"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>NRZT 2025-NQM6</name>
        <lei>N/A</lei>
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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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      <invstOrSec>
        <name>Nexstar Media Inc</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>Nexstar Media Inc 7.25 04/15/2034</title>
        <cusip>65346UAA7</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Allison Transmission Inc</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission Inc 5.88 12/01/2033</title>
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          <ticker value="ALSN"/>
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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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        <name>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc 4.40 02/15/2033</title>
        <cusip>02079KBL0</cusip>
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          <ticker value="GOOGL"/>
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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>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Portsea Funding LLC</name>
        <lei>635400FBANFDLBHCWT48</lei>
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        <cusip>73702KE17</cusip>
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          <isin value="US73702KE178"/>
          <ticker value="PRTSEA"/>
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        <curCd>USD</curCd>
        <valUSD>36996185.3000000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Eurex 2 Year Euro SCHATZ Futur</name>
        <lei>N/A</lei>
        <title>EURO-SCHATZ FUT   Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F2Y2E04"/>
          <ticker value="DUM6"/>
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        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eurex 30 Year Euro BUXL Future</name>
        <lei>N/A</lei>
        <title>EURO-BUXL 30Y BND Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F2Y2E12"/>
          <ticker value="UBM6"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Bank of America</counterpartyName>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CBOT US Long Bond Future</name>
        <lei>N/A</lei>
        <title>US LONG BOND(CBT) Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="USM6"/>
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        <balance>56.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-37734.2000000000</valUSD>
        <pctVal>-0.0020103293</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US LONG BOND(CBT)</issuerName>
                <issueTitle>US LONG BOND(CBT) Jun26</issueTitle>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
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          <isin value="US02079KBM80"/>
          <ticker value="GOOGL"/>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
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          <isin value="US02079KBP12"/>
          <ticker value="GOOGL"/>
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        <balance>1035000.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CME Ultra Long Term US Treasury</name>
        <lei>N/A</lei>
        <title>US ULTRA BOND CBT Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WNM6"/>
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        <balance>254.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1107546.1500000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Bank of America</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>US ULTRA BOND CBT</issuerName>
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            <expDate>2026-06-18</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CBOT 10 Year US Treasury Note</name>
        <lei>N/A</lei>
        <title>US 10YR NOTE (CBT)Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TYM6"/>
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        <balance>-970.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Bank of America</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>US 10YR NOTE (CBT)</issuerName>
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                  <ticker value="TYM6"/>
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            <expDate>2026-06-18</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>1410000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1282823.9900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amgen Inc</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>590000.0000000000</balance>
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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>2053-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.650000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAN 10YR BOND FUT</name>
        <lei>N/A</lei>
        <title>CAN 10YR BOND FUT Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CNM6"/>
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        <balance>402.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3583500000"/>
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        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>Bank of America</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>CAN 10YR BOND FUT</issuerName>
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                  <ticker value="CNM6"/>
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            <expDate>2026-06-19</expDate>
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        <securityLending>
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      <invstOrSec>
        <name>CBOT 2 Year US Treasury Note</name>
        <lei>N/A</lei>
        <title>US 2YR NOTE (CBT) Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TUM6"/>
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        <balance>712.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4037.3000000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Bank of America</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>US 2YR NOTE (CBT)</issuerName>
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                  <ticker value="TUM6"/>
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            <expDate>2026-06-30</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>2485000.0000000000</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>2029-10-23</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>Arbor Realty Trust Inc</name>
        <lei>N/A</lei>
        <title>Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd 5.12</title>
        <cusip>03880RAA7</cusip>
        <identifiers>
          <isin value="US03880RAA77"/>
          <ticker value="ARCLO"/>
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        <balance>891248.9300000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <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>586000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>586663.4100000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Asurion LLC/ Asurion Co-Issuer Inc</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion LLC/ Asurion Co-Issuer Inc 8.00 12/31/2032</title>
        <cusip>045941AA9</cusip>
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          <isin value="US045941AA96"/>
          <ticker value="ASUCOR"/>
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        <balance>1215000.0000000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LONG GILT FUTURE</name>
        <lei>N/A</lei>
        <title>LONG GILT FUTURE  Jun26</title>
        <cusip>N/A</cusip>
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          <isin value="GB00N10S2350"/>
          <ticker value="G M6"/>
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        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>TSE Japanese 10 Year Bond Futu</name>
        <lei>N/A</lei>
        <title>JPN 10Y BOND(OSE) Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="JBM6"/>
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        <balance>42.0000000000</balance>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Bank of America</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>JPN 10Y BOND(OSE)</issuerName>
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      </invstOrSec>
      <invstOrSec>
        <name>Asurion LLC/ Asurion Co-Issuer Inc</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion LLC/ Asurion Co-Issuer Inc 8.38 02/01/2034</title>
        <cusip>045941AB7</cusip>
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          <isin value="US045941AB79"/>
          <ticker value="ASUCOR"/>
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        <balance>2035000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2009385.2500000000</valUSD>
        <pctVal>0.1070521202</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>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>2902000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2984756.0400000000</valUSD>
        <pctVal>0.1590160286</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>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>1855000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1824997.1900000000</valUSD>
        <pctVal>0.0972286517</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>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>860000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>841359.4100000000</valUSD>
        <pctVal>0.0448243107</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>SGX Mini Japan Government 10 Y</name>
        <lei>N/A</lei>
        <title>10YR MINI JGB FUT Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXDB1817558"/>
          <ticker value="BJM6"/>
        </identifiers>
        <balance>159.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="156.5550000000"/>
        <valUSD>-262537.1300000000</valUSD>
        <pctVal>-0.0139869427</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>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>10YR MINI JGB FUT</issuerName>
                <issueTitle>10YR MINI JGB FUT Jun26</issueTitle>
                <identifiers>
                  <ticker value="BJM6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-12</expDate>
            <notionalAmt>2096335500.0000000000</notionalAmt>
            <curCd>JPY</curCd>
            <unrealizedAppr>-262537.1300000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KFE 10 Year Treasury Bond Futu</name>
        <lei>N/A</lei>
        <title>KOREA 10YR BND FU Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR4A67660006"/>
          <ticker value="KAAM6"/>
        </identifiers>
        <balance>282.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.2000000000"/>
        <valUSD>-276066.9600000000</valUSD>
        <pctVal>-0.0147077587</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</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>KOREA 10YR BND FU</issuerName>
                <issueTitle>KOREA 10YR BND FU Jun26</issueTitle>
                <identifiers>
                  <ticker value="KAAM6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-16</expDate>
            <notionalAmt>31006462519.0000000000</notionalAmt>
            <curCd>KRW</curCd>
            <unrealizedAppr>-276066.9600000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Avianca Midco 2 PLC</name>
        <lei>213800AMPX5VKH9AMX10</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"/>
        </identifiers>
        <balance>1448000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1366007.0000000000</valUSD>
        <pctVal>0.0727754648</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>4465000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4384974.1200000000</valUSD>
        <pctVal>0.2336141248</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>
        </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="0.8520430000"/>
        <valUSD>2267872.5100000000</valUSD>
        <pctVal>0.1208233018</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="1.6927630000"/>
        <valUSD>2350134.4800000000</valUSD>
        <pctVal>0.1252058951</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>
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        <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>10032000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9715121.6200000000</valUSD>
        <pctVal>0.5175833591</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>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG (pfd) 4.63% 04/30/2175 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="0.8520430000"/>
        <valUSD>5335417.5800000000</valUSD>
        <pctVal>0.2842500034</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>Avolon Holdings Funding Ltd</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd 4.85 04/01/2033</title>
        <cusip>05401ABF7</cusip>
        <identifiers>
          <isin value="US05401ABF75"/>
          <ticker value="AVOL"/>
          <other otherDesc="SEDOL" value="BTY5058"/>
        </identifiers>
        <balance>1160000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1119155.5500000000</valUSD>
        <pctVal>0.0596241933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.850000000000001</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>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"/>
        </identifiers>
        <balance>667000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>689442.8300000000</valUSD>
        <pctVal>0.0367307945</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>
        </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 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="156.5550000000"/>
        <valUSD>3601676.9900000000</valUSD>
        <pctVal>0.1918831434</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="1.3889850000"/>
        <valUSD>1531918.6300000000</valUSD>
        <pctVal>0.0816145820</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% 04/15/2175 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000A2L583"/>
          <ticker value="ERSTBK"/>
          <other otherDesc="SEDOL" value="BN13P81"/>
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        <balance>7000000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
        <valUSD>8195130.1200000000</valUSD>
        <pctVal>0.4366042075</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"/>
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        <balance>5000000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5082192.7000000000</valUSD>
        <pctVal>0.2707591806</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>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>3445000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3392291.5000000000</valUSD>
        <pctVal>0.1807279104</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>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>2427783.6000000000</valUSD>
        <pctVal>0.1293427339</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>
          <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 1.70 09/01/2051</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005425233"/>
          <ticker value="BTPS"/>
          <other otherDesc="SEDOL" value="BN4NT20"/>
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        <balance>500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
        <valUSD>341505.0600000000</valUSD>
        <pctVal>0.0181940425</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>
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        <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="1.3889850000"/>
        <valUSD>4004725.7500000000</valUSD>
        <pctVal>0.2133559915</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>
        </securityLending>
      </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>11393481.6300000000</valUSD>
        <pctVal>0.6069997603</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA (pfd) 8.50% 02/14/2175 Perpetual</title>
        <cusip>05565A5R0</cusip>
        <identifiers>
          <isin value="US05565A5R02"/>
          <ticker value="BNP"/>
          <other otherDesc="SEDOL" value="BQH61V0"/>
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        <balance>8758000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9280458.4900000000</valUSD>
        <pctVal>0.4944262221</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 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="156.5550000000"/>
        <valUSD>2357212.4100000000</valUSD>
        <pctVal>0.1255829793</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>
          <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 3.15 04/30/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0000012L52"/>
          <ticker value="SPGB"/>
          <other otherDesc="SEDOL" value="BPQGCJ9"/>
        </identifiers>
        <balance>7000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
        <valUSD>8198731.7300000000</valUSD>
        <pctVal>0.4367960871</pctVal>
        <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>
          <isPaidKind>N</isPaidKind>
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        <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>2630000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2373722.4400000000</valUSD>
        <pctVal>0.1264625686</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>
        <units>PA</units>
        <currencyConditional curCd="CNY" exchangeRt="6.8336500000"/>
        <valUSD>7860843.4000000000</valUSD>
        <pctVal>0.4187947297</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>2.6700000000</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 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>33550000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="NZD" exchangeRt="1.6927630000"/>
        <valUSD>19667761.3500000000</valUSD>
        <pctVal>1.0478207463</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>
        </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="0.8520430000"/>
        <valUSD>3615679.1000000000</valUSD>
        <pctVal>0.1926291206</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>
        </securityLending>
      </invstOrSec>
      <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>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
        <valUSD>9261345.3900000000</valUSD>
        <pctVal>0.4934079515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <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 2.19 09/25/2054</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CND10008DYH1"/>
          <ticker value="CGB"/>
          <other otherDesc="SEDOL" value="BRT57J2"/>
        </identifiers>
        <balance>48000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CNY" exchangeRt="6.8336500000"/>
        <valUSD>6885665.9400000000</valUSD>
        <pctVal>0.3668411211</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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ginnie Mae I Pool</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool 6.00</title>
        <cusip>36290RRK1</cusip>
        <identifiers>
          <isin value="US36290RRK13"/>
          <ticker value="GN"/>
        </identifiers>
        <balance>1143.9100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1167.6300000000</valUSD>
        <pctVal>0.0000622067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust 2024-PJ7</name>
        <lei>N/A</lei>
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          <isin value="US362949AM10"/>
          <ticker value="GSMBS"/>
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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>
          <annualizedRt>5.500000000000000</annualizedRt>
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      <invstOrSec>
        <name>GCAT 2025-NQM7 Trust</name>
        <lei>N/A</lei>
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          <isin value="US36831RAD17"/>
          <ticker value="GCAT"/>
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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>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>General Motors Financial Co In</name>
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          <isin value="US37045XFK72"/>
          <ticker value="GM"/>
          <other otherDesc="SEDOL" value="BTZQ0P0"/>
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        <curCd>USD</curCd>
        <valUSD>817323.3700000000</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>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.150000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GENMAB A/S/GENMAB FINANCE LLC</name>
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          <isin value="US37230JAA07"/>
          <ticker value="GMABDC"/>
          <other otherDesc="SEDOL" value="BV4GT70"/>
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        <curCd>USD</curCd>
        <valUSD>2952121.8800000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000000</annualizedRt>
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      <invstOrSec>
        <name>GENMAB A/S/GENMAB FINANCE LLC</name>
        <lei>N/A</lei>
        <title>GENMAB A/S/GENMAB FINANCE LLC 7.25 12/15/2033</title>
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        <identifiers>
          <isin value="US37230JAB89"/>
          <ticker value="GMABDC"/>
          <other otherDesc="SEDOL" value="BV4GT47"/>
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        <curCd>USD</curCd>
        <valUSD>1058815.0000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.250000000000000</annualizedRt>
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          <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 4.70 10/07/2030</title>
        <cusip>375916AF0</cusip>
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          <isin value="US375916AF02"/>
          <ticker value="GILCN"/>
          <other otherDesc="SEDOL" value="BRVWC30"/>
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        <balance>1315000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1302040.8700000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.700000000000000</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>Gildan Activewear Inc</name>
        <lei>549300SB3IBI34M00Z45</lei>
        <title>Gildan Activewear Inc 5.40 10/07/2035</title>
        <cusip>375916AG8</cusip>
        <identifiers>
          <isin value="US375916AG84"/>
          <ticker value="GILCN"/>
          <other otherDesc="SEDOL" value="BRWFZ95"/>
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        <balance>2750000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2693662.4800000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.400000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC 4.90 07/01/2031</title>
        <cusip>378272CC0</cusip>
        <identifiers>
          <isin value="US378272CC05"/>
          <ticker value="GLENLN"/>
          <other otherDesc="SEDOL" value="BTNKN44"/>
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        <curCd>USD</curCd>
        <valUSD>155269.6500000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.900000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC 5.51 04/01/2036</title>
        <cusip>378272CE6</cusip>
        <identifiers>
          <isin value="US378272CE60"/>
          <ticker value="GLENLN"/>
          <other otherDesc="SEDOL" value="BTNKN66"/>
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        <balance>1435000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1445625.6200000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.508000000000000</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>
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          <isin value="US37959GAD97"/>
          <ticker value="GBLATL"/>
          <other otherDesc="SEDOL" value="BRRH8V9"/>
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        <balance>4440000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4873126.0000000000</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>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.950000000000000</annualizedRt>
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        <securityLending>
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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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        <curCd>USD</curCd>
        <valUSD>1227143.2400000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.746000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The 5.73 01/28/2056</title>
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          <isin value="US38141GC514"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="BS893Z0"/>
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        <curCd>USD</curCd>
        <valUSD>1410342.7900000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The 5.07 01/21/2037</title>
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          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="BVMLND1"/>
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        <valUSD>1525690.0600000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>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="BWXJG43"/>
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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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        <securityLending>
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      <invstOrSec>
        <name>Goldman Sachs Private Credit Corp</name>
        <lei>549300TD27G6372IYJ65</lei>
        <title>Goldman Sachs Private Credit Corp 5.05 02/23/2028</title>
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          <ticker value="GSCRED"/>
          <other otherDesc="SEDOL" value="BTY5081"/>
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        <balance>2775000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2743626.2700000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.050000000000000</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>Golub Capital BDC Inc</name>
        <lei>2549005WE0QLGK9APF78</lei>
        <title>Golub Capital BDC Inc 2.05 02/15/2027</title>
        <cusip>38173MAC6</cusip>
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          <isin value="US38173MAC64"/>
          <ticker value="GBDC"/>
          <other otherDesc="SEDOL" value="BNHQ313"/>
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        <balance>3001000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2925796.0200000000</valUSD>
        <pctVal>0.1558748713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.050000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Golub Capital BDC Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Golub Capital Private Credit Fund</name>
        <lei>254900B5KBW6OY1F9951</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust Series 2024-2</name>
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          <isin value="US161929BH65"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cheniere Energy Inc</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cheniere Energy Inc</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>Cheniere Energy Inc 6.00 07/30/2056</title>
        <cusip>16411RAQ2</cusip>
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          <isin value="US16411RAQ20"/>
          <ticker value="LNG"/>
          <other otherDesc="SEDOL" value="BW47T58"/>
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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>Citadel Finance LLC</name>
        <lei>549300BQL283NCR7P163</lei>
        <title>Citadel Finance LLC 5.90 02/10/2030</title>
        <cusip>17287HAD2</cusip>
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          <isin value="US17287HAD26"/>
          <ticker value="CITADL"/>
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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>2030-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citadel Finance LLC</name>
        <lei>549300BQL283NCR7P163</lei>
        <title>Citadel Finance LLC 5.15 02/14/2031</title>
        <cusip>17287HAF7</cusip>
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          <isin value="US17287HAF73"/>
          <ticker value="CITADL"/>
          <other otherDesc="SEDOL" value="BVJ1HL0"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.150000000000000</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>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc (pfd) 7.63% 02/15/2175 Perpetual</title>
        <cusip>172967PE5</cusip>
        <identifiers>
          <isin value="US172967PE54"/>
          <ticker value="C"/>
          <other otherDesc="SEDOL" value="BR55Z58"/>
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        <curCd>USD</curCd>
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        <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>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc 5.17 09/11/2036</title>
        <cusip>172967QH7</cusip>
        <identifiers>
          <isin value="US172967QH76"/>
          <ticker value="C"/>
          <other otherDesc="SEDOL" value="BTWQKR5"/>
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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>Variable</couponKind>
          <annualizedRt>5.174000000000000</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>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc 5.61 03/04/2056</title>
        <cusip>17327CAY9</cusip>
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          <isin value="US17327CAY93"/>
          <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>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust 2024-1</name>
        <lei>N/A</lei>
        <title>Citigroup Mortgage Loan Trust 2024-1 6.00</title>
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          <isin value="US17332CBP05"/>
          <ticker value="CMLTI"/>
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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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          <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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          <isin value="US19416MAB54"/>
          <ticker value="PR"/>
          <other otherDesc="SEDOL" value="BMBYK60"/>
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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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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>194248AR1</cusip>
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          <ticker value="HASHGR"/>
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        <fairValLevel>2</fairValLevel>
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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>
        <title>University of California College of the Law San Francisco 6.09% 08/01/2055</title>
        <cusip>194248AS9</cusip>
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          <isin value="US194248AS92"/>
          <ticker value="HASHGR"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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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>
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          <isin value="US195325EU55"/>
          <ticker value="COLOM"/>
          <other otherDesc="SEDOL" value="BSSBV29"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</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>COLT 2025-7 Mortgage Loan Trust</name>
        <lei>213800DOQUYA3TO33M98</lei>
        <title>COLT 2025-7 Mortgage Loan Trust 5.83</title>
        <cusip>19689CAC5</cusip>
        <identifiers>
          <isin value="US19689CAC55"/>
          <ticker value="COLT"/>
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        <balance>2393378.2100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2402283.9700000000</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>Variable</couponKind>
          <annualizedRt>5.825000000000000</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>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp 5.49 04/23/2037</title>
        <cusip>06051GNC9</cusip>
        <identifiers>
          <isin value="US06051GNC95"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BX54N64"/>
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        <balance>2560000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2546217.5000000000</valUSD>
        <pctVal>0.1356524250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Barclays Mortgage Loan Trust 2026-NQM2</name>
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        <name>Baxter International Inc</name>
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        <name>Barclays Commercial Mortgage Trust 2019-C4</name>
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        <name>BioMarin Pharmaceutical Inc</name>
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          <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 5.00 02/01/2028</title>
        <cusip>1248EPBX0</cusip>
        <identifiers>
          <isin value="US1248EPBX05"/>
          <ticker value="CHTR"/>
          <other otherDesc="SEDOL" value="BF2KJZ0"/>
        </identifiers>
        <balance>2050000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2027034.9600000000</valUSD>
        <pctVal>0.1079924271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</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>CNA Financial Corp</name>
        <lei>549300YX2GSZD7YG1R84</lei>
        <title>CNA Financial Corp 5.20 08/15/2035</title>
        <cusip>126117AZ3</cusip>
        <identifiers>
          <isin value="US126117AZ36"/>
          <ticker value="CNA"/>
          <other otherDesc="SEDOL" value="BVDB7F0"/>
        </identifiers>
        <balance>2409000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2370782.3000000000</valUSD>
        <pctVal>0.1263059295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.200000000000000</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>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"/>
        </identifiers>
        <balance>2405000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2417391.1100000000</valUSD>
        <pctVal>0.1287890631</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>105000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103710.5600000000</valUSD>
        <pctVal>0.0055252896</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>2023000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2100252.9100000000</valUSD>
        <pctVal>0.1118931907</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>3773000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3643896.2400000000</valUSD>
        <pctVal>0.1941324185</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CaixaBank SA</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
        <title>CaixaBank SA 5.40 04/22/2037</title>
        <cusip>12803RAP9</cusip>
        <identifiers>
          <isin value="US12803RAP91"/>
          <ticker value="CABKSM"/>
          <other otherDesc="SEDOL" value="BVPLGS4"/>
        </identifiers>
        <balance>1360000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1344062.0800000000</valUSD>
        <pctVal>0.0716063260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.402000000000000</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>CHILDREN'S HOSP LA OBLIG</name>
        <lei>N/A</lei>
        <title>California Public Finance Authority 5.40% 11/15/2036</title>
        <cusip>13057EKD5</cusip>
        <identifiers>
          <isin value="US13057EKD57"/>
          <ticker value="CASGEN"/>
        </identifiers>
        <balance>1080000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1082738.6600000000</valUSD>
        <pctVal>0.0576840450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.403000000000000</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>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"/>
        </identifiers>
        <balance>20000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23992.5700000000</valUSD>
        <pctVal>0.0012782295</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>825000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>547566.6900000000</valUSD>
        <pctVal>0.0291721934</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian Government Bond</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>Canadian Government Bond 2.50 11/01/2027</title>
        <cusip>135087T61</cusip>
        <identifiers>
          <isin value="CA135087T610"/>
          <ticker value="CAN"/>
          <other otherDesc="SEDOL" value="BS49DD2"/>
        </identifiers>
        <balance>25000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3583500000"/>
        <valUSD>18305296.8700000000</valUSD>
        <pctVal>0.9752340129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000000</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>Canadian Government Bond</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>Canadian Government Bond 2.25 02/01/2028</title>
        <cusip>135087T95</cusip>
        <identifiers>
          <isin value="CA135087T958"/>
          <ticker value="CAN"/>
          <other otherDesc="SEDOL" value="BNDY5M6"/>
        </identifiers>
        <balance>25000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3583500000"/>
        <valUSD>18195236.8700000000</valUSD>
        <pctVal>0.9693704503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000000</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>Canadian Government Bond</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>Canadian Government Bond 2.50 05/01/2028</title>
        <cusip>135087U44</cusip>
        <identifiers>
          <isin value="CA135087U444"/>
          <ticker value="CAN"/>
          <other otherDesc="SEDOL" value="BWM3044"/>
        </identifiers>
        <balance>50000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3583500000"/>
        <valUSD>36486914.2700000000</valUSD>
        <pctVal>1.9438788716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000000</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>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"/>
        </identifiers>
        <balance>2180000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1879528.5700000000</valUSD>
        <pctVal>0.1001338685</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>
        </debtSec>
        <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 (pfd) 5.50% 10/30/2174 Perpetual</title>
        <cusip>14040HDK8</cusip>
        <identifiers>
          <isin value="US14040HDK86"/>
          <ticker value="COF"/>
        </identifiers>
        <balance>2310000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2286391.1100000000</valUSD>
        <pctVal>0.1218098998</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>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"/>
        </identifiers>
        <balance>2355000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2327542.5800000000</valUSD>
        <pctVal>0.1240022878</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>
        </debtSec>
        <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"/>
        </identifiers>
        <balance>1648000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1619404.0200000000</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>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>
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          <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>690000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>674109.4200000000</valUSD>
        <pctVal>0.0359138909</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>1916000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1911253.8800000000</valUSD>
        <pctVal>0.1018240679</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>
      <invstOrSec>
        <name>Celanese US Holdings LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>Celanese US Holdings LLC 7.00 02/15/2031</title>
        <cusip>15089QBC7</cusip>
        <identifiers>
          <isin value="US15089QBC78"/>
          <ticker value="CE"/>
          <other otherDesc="SEDOL" value="BWH3YK3"/>
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        <balance>2790000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2904900.5700000000</valUSD>
        <pctVal>0.1547616441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000000</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>Centene Corp</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp 4.25 12/15/2027</title>
        <cusip>15135BAR2</cusip>
        <identifiers>
          <isin value="US15135BAR24"/>
          <ticker value="CNC"/>
          <other otherDesc="SEDOL" value="BMCTMH9"/>
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        <balance>3672000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3652115.7500000000</valUSD>
        <pctVal>0.1945703216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000000</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>Cenovus Energy Inc</name>
        <lei>254900LJGL2N2XEMD470</lei>
        <title>Cenovus Energy Inc 5.40 03/20/2036</title>
        <cusip>15135UBB4</cusip>
        <identifiers>
          <isin value="US15135UBB44"/>
          <ticker value="CVECN"/>
          <other otherDesc="SEDOL" value="BV4GSY0"/>
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        <balance>1021000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1017886.2600000000</valUSD>
        <pctVal>0.0542289649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.400000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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>4120000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4282249.7200000000</valUSD>
        <pctVal>0.2281413740</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank NV (pfd) 4.75% 03/22/2175 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>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
        <valUSD>7078487.4000000000</valUSD>
        <pctVal>0.3771138879</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 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"/>
        </identifiers>
        <balance>1078800000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="156.5550000000"/>
        <valUSD>4858705.4400000000</valUSD>
        <pctVal>0.2588526609</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>
        </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="6.8336500000"/>
        <valUSD>10711327.0000000000</valUSD>
        <pctVal>0.5706572523</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% 03/01/2175 Perpetual</title>
        <cusip>W9T10ZZR9</cusip>
        <identifiers>
          <isin value="XS2233263404"/>
          <ticker value="SHBASS"/>
          <other otherDesc="SEDOL" value="BLF80Q1"/>
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        <balance>4000000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3967588.3600000000</valUSD>
        <pctVal>0.2113774579</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>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"/>
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        <balance>1000000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="156.5550000000"/>
        <valUSD>4305601.2300000000</valUSD>
        <pctVal>0.2293854503</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="6.8336500000"/>
        <valUSD>13834180.9000000000</valUSD>
        <pctVal>0.7370305902</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>
        </securityLending>
      </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="6.8336500000"/>
        <valUSD>42540782.9500000000</valUSD>
        <pctVal>2.2664051157</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>
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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 1.80 03/20/2054</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300821Q49"/>
          <ticker value="JGB"/>
          <other otherDesc="SEDOL" value="BQD16D6"/>
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        <balance>1120000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="156.5550000000"/>
        <valUSD>4794400.8900000000</valUSD>
        <pctVal>0.2554267682</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA (pfd) 7.00% 08/20/2174 Perpetual</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2817323749"/>
          <ticker value="SANTAN"/>
          <other otherDesc="SEDOL" value="BSCBV47"/>
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        <balance>3000000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
        <valUSD>3740803.0300000000</valUSD>
        <pctVal>0.1992952300</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>New Zealand Government Bond</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>New Zealand Government Bond 4.25 05/15/2036</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZGOVDT536C9"/>
          <ticker value="NZGB"/>
          <other otherDesc="SEDOL" value="BQB71W0"/>
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        <balance>23700000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="NZD" exchangeRt="1.6927630000"/>
        <valUSD>13515631.6100000000</valUSD>
        <pctVal>0.7200595405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</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>Nationwide Building Society</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>Nationwide Building Society (pfd) 7.50% 12/20/2174 Perpetual</title>
        <cusip>G6S17HYH0</cusip>
        <identifiers>
          <isin value="XS2896922312"/>
          <ticker value="NWIDE"/>
          <other otherDesc="SEDOL" value="BQWS683"/>
        </identifiers>
        <balance>6600000.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7348890000"/>
        <valUSD>9152778.7300000000</valUSD>
        <pctVal>0.4876239481</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>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="6.8336500000"/>
        <valUSD>16924022.7200000000</valUSD>
        <pctVal>0.9016451746</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>CME Group Inc</name>
        <lei>LCZ7XYGSLJUHFXXNXD88</lei>
        <title>SWAP 4.53 01/17/35</title>
        <cusip>SLPCMZS67</cusip>
        <identifiers>
          <ticker value="/SWAP"/>
          <other otherDesc="Internal ID" value="SLPCMZS67"/>
        </identifiers>
        <balance>10000.0000000000</balance>
        <units>OU</units>
        <descOthUnits>Swap Contract Amount</descOthUnits>
        <currencyConditional curCd="AUD" exchangeRt="1.3889850000"/>
        <valUSD>-174.92000000000044</valUSD>
        <pctVal>-0.0000093190</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-17</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>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Australia Bank Bill Swap Rate</issuerName>
                <issueTitle>Australia Bank Bill Swap Rate</issueTitle>
                <identifiers>
                  <ticker value="BBSW6M"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="91.3500000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.528000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="BBSW6M" floatingRtSpread="0.000000000000" pmntAmt="-79.900000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2035-01-17</terminationDt>
            <upfrontPmnt>432.250888238600</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>10000.0000000000</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>-544.5500000000001</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>I7331LVCZKQKX5T7XV54</lei>
        <title>SWAP 12.98 01/02/31</title>
        <cusip>SLA5CB4A9</cusip>
        <identifiers>
          <ticker value="/SWAP"/>
          <other otherDesc="Internal ID" value="SLA5CB4A9"/>
        </identifiers>
        <balance>140000000.0000000000</balance>
        <units>OU</units>
        <descOthUnits>Swap Contract Amount</descOthUnits>
        <currencyConditional curCd="BRL" exchangeRt="4.9518000000"/>
        <valUSD>-772811.7100000009</valUSD>
        <pctVal>-0.0411723596</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Morgan Stanley</counterpartyName>
              <counterpartyLei>I7331LVCZKQKX5T7XV54</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Brazil Interbank Deposit Rate</issuerName>
                <issueTitle>Brazil Interbank Deposit Rate</issueTitle>
                <identifiers>
                  <ticker value="BZDIOVRA"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.0000000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="12.982500000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="BZDIOVRA" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="5" resetDt="Day" resetDtUnit="1"/>
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            </floatingPmntDesc>
            <terminationDt>2031-01-02</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>140000000.0000000000</notionalAmt>
            <curCd>BRL</curCd>
            <unrealizedAppr>-772811.7100000001</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intercontinental Exchange Inc</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>MKIT ITRX EUR SNR FIN 12/30</title>
        <cusip>SP8T0ES95</cusip>
        <identifiers>
          <ticker value="/CDS"/>
          <other otherDesc="Internal ID" value="SP8T0ES95"/>
        </identifiers>
        <balance>41600000.0000000000</balance>
        <units>OU</units>
        <descOthUnits>Swap Contract Amount</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="0.8520430000"/>
        <valUSD>997727.9799999979</valUSD>
        <pctVal>0.0531550113</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>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Markit iTraxx Europe Senior Financials Index</issuerName>
                <issueTitle>Markit iTraxx Europe Senior Financials Index</issueTitle>
                <identifiers>
                  <ticker value="ITRX"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="56482.7200000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Markit iTraxx Europe Senior Financials Index" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-12-20</terminationDt>
            <upfrontPmnt>706961.773056052600</upfrontPmnt>
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            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>41600000.0000000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>310006.9099999999</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intercontinental Exchange Inc</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>MARKIT CDX.NA.HY.46 06/31</title>
        <cusip>SP4T0FDR2</cusip>
        <identifiers>
          <ticker value="/CDS"/>
          <other otherDesc="Internal ID" value="SP4T0FDR2"/>
        </identifiers>
        <balance>8000000.0000000000</balance>
        <units>OU</units>
        <descOthUnits>Swap Contract Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-570117.8399999999</valUSD>
        <pctVal>-0.0303736297</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-20</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>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Markit CDX North America High Yield Index</issuerName>
                <issueTitle>Markit CDX North America High Yield Index Series 46</issueTitle>
                <identifiers>
                  <ticker value="CDX.NA.HY"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Markit CDX North America High Yield Index Series 46" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
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            </floatingRecDesc>
            <fixedPmntDesc amount="-46666.6600000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.000000000000"/>
            <terminationDt>2031-06-20</terminationDt>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>590461.240000000200</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>8000000.0000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>20343.400000000023</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-26</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>
</edgarSubmission>
