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        <name>Cairn CLO</name>
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        <name>PETROLEOS MEXICANOS</name>
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        <name>IVORY COAST</name>
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        <name>AVIATION CAPITAL GROUP</name>
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        <name>Golub Capital Partners Static</name>
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      <invstOrSec>
        <name>Capital Automotive Reit</name>
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        <name>Fannie Mae - CAS</name>
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        <title>Fannie Mae Connecticut Avenue Securities</title>
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        <name>UBS GROUP AG</name>
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        <name>EUREX CLEARING AKTIENGESELLSCHAFT</name>
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        <name>CAMB Commercial Mortgage Trust</name>
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        <name>Extended Stay America Trust</name>
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        <name>Elmwood CLO X Ltd</name>
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        <name>Driven Brands Funding, LLC</name>
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        <name>Madison Park Funding Ltd</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PRA GROUP INC</name>
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        <name>Cologix Data Centers Issuer LL</name>
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        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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        <name>Palmer Square European Loan Fu</name>
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        <name>AUTOZONE INC</name>
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        <title>AutoZone Inc</title>
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        <name>JPMORGAN CHASE &amp; CO</name>
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        <name>VISTRA OPERATIONS CO LLC</name>
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        <name>TTAN</name>
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        <name>RYDER SYSTEM INC</name>
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        <name>Cordatus CLO PLC</name>
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        <name>PETROLEOS MEXICANOS</name>
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        <title>Petroleos Mexicanos</title>
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        <name>Fortress CBO Investments Ltd</name>
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        <name>Onslow Bay Financial LLC</name>
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        <title>OBX 2024-NQM14 Trust</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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          <ticker value="SCK5P 5 P5500"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CHICAGO MERCANTILE EXCHANGE INC.</counterpartyName>
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                <issuerName>CHICAGO MERCANTILE EXCHANGE INC.</issuerName>
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      <invstOrSec>
        <name>SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-B</name>
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        <cusip>802824AD4</cusip>
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          <isin value="US802824AD40"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNICREDIT SPA</name>
        <lei>549300TRUWO2CD2G5692</lei>
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        <cusip>000000000</cusip>
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          <isin value="XS2588885025"/>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-16</maturityDt>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2022-R01</title>
        <cusip>20754LAF6</cusip>
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          <isin value="US20754LAF67"/>
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        <balance>1475000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-25</maturityDt>
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      <invstOrSec>
        <name>Modena Buyer LLC</name>
        <lei>254900B0G2IU0VBDOY26</lei>
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          <isin value="US60753DAC83"/>
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        <balance>671625.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>BlueMountain EUR CLO</name>
        <lei>635400FUA3XKDDGLJL55</lei>
        <title>Bluemountain Euro 2021-2 CLO DAC</title>
        <cusip>000000000</cusip>
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          <isin value="XS2395962074"/>
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        <balance>2000000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-15</maturityDt>
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          <annualizedRt>4.02900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Santander Drive Auto Receivabl</name>
        <lei>N/A</lei>
        <title>Santander Drive Auto Receivables Trust 2024-S1</title>
        <cusip>80286UAA8</cusip>
        <identifiers>
          <isin value="US80286UAA88"/>
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        <balance>1272810.33000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1274496.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.53000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICAN HOMES 4 RENT</name>
        <lei>549300N4PXZ37U8QKI55</lei>
        <title>American Homes 4 Rent LP</title>
        <cusip>02666TAG2</cusip>
        <identifiers>
          <isin value="US02666TAG22"/>
          <other otherDesc="SEDOL" value="BN70VM2"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>822820.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>C&amp;W SENIOR FINANCE LTD</name>
        <lei>213800CG16G1YMJRCG10</lei>
        <title>C&amp;W Senior Finance Ltd</title>
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          <isin value="US12665MAA09"/>
          <other otherDesc="SEDOL" value="BNGH4C5"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004150.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2024-AIRC</title>
        <cusip>12433CAA3</cusip>
        <identifiers>
          <isin value="US12433CAA36"/>
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        <balance>1625955.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1628587.78000000</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>2039-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.01310000</annualizedRt>
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      <invstOrSec>
        <name>Bosphorus CLO</name>
        <lei>635400E9IUXCKKFGEA28</lei>
        <title>Bosphorus CLO VII DAC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2698597767"/>
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        <balance>1700000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.88272939"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-17</maturityDt>
          <couponKind>Floating</couponKind>
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          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>S&amp;P500 EMINI</title>
        <cusip>000000000</cusip>
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          <ticker value="SCM5P 6 P5450"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG01MTST4T6"/>
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        <balance>49.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HYATT HOTELS CORP</name>
        <lei>T27JQIMTYSH41TCD5186</lei>
        <title>Hyatt Hotels Corp</title>
        <cusip>448579AU6</cusip>
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          <other otherDesc="SEDOL" value="BPLJKF5"/>
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        <balance>700000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PETROLEOS MEXICANOS</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QDB5</cusip>
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          <isin value="US71654QDB59"/>
          <other otherDesc="SEDOL" value="BN2YTH0"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1955461.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KINGDOM OF MOROCCO</name>
        <lei>529900F3MBW9XY5K1X07</lei>
        <title>Morocco Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS3041276273"/>
          <other otherDesc="SEDOL" value="BT271V9"/>
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        <balance>1700000.00000000</balance>
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        <pctVal>0.304140844792</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>
      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp</title>
        <cusip>89788MAT9</cusip>
        <identifiers>
          <isin value="US89788MAT99"/>
          <other otherDesc="SEDOL" value="BSWTGC4"/>
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        <balance>1025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1031048.21000000</valUSD>
        <pctVal>0.162436022497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>5493000ISOMSKCX2AW62</lei>
        <title>Freddie Mac STACR REMIC Trust 2021-DNA7</title>
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          <isin value="US35564KMA42"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cross Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cross 2025-H1 Mortgage Trust</title>
        <cusip>22758NAA5</cusip>
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          <isin value="US22758NAA54"/>
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        <balance>2434313.63000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2449449.22000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-02-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>SUNOCO LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco LP</title>
        <cusip>86765KAD1</cusip>
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          <isin value="US86765KAD19"/>
          <other otherDesc="SEDOL" value="BTTRMX1"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>799586.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capital Automotive Reit</name>
        <lei>N/A</lei>
        <title>CARS-DB4 LP</title>
        <cusip>12510HAJ9</cusip>
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          <isin value="US12510HAJ95"/>
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        <balance>970000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>877041.12000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2021-R03</title>
        <cusip>20754AAF0</cusip>
        <identifiers>
          <isin value="US20754AAF03"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1114679.94000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.10369000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CDW LLC/CDW FINANCE</name>
        <lei>N/A</lei>
        <title>CDW LLC / CDW Finance Corp</title>
        <cusip>12513GBL2</cusip>
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          <isin value="US12513GBL23"/>
          <other otherDesc="SEDOL" value="BSLSH18"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>859005.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>S&amp;P500 EMINI</title>
        <cusip>000000000</cusip>
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          <ticker value="SCM5P 6 P4950"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG01MTSW1C6"/>
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        <curCd>USD</curCd>
        <valUSD>-107800.00000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>CHICAGO MERCANTILE EXCHANGE INC.</issuerName>
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            <shareNo>50.00000000</shareNo>
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      <invstOrSec>
        <name>OFFICE CHERIFIEN DES PHO</name>
        <lei>213800D26TAPVTCVWG40</lei>
        <title>OCP SA</title>
        <cusip>67091TAH8</cusip>
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          <isin value="US67091TAH86"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Payden Emerging Markets Local Bond Fund</name>
        <lei>549300ZRY78UEWJB7K76</lei>
        <title>Payden Emerging Markets Local Bond Fund</title>
        <cusip>70432T867</cusip>
        <identifiers>
          <isin value="US70432T8678"/>
          <ticker value="PYILX"/>
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        <balance>2743609.49900000</balance>
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        <curCd>USD</curCd>
        <valUSD>12702911.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2020-SBT1</title>
        <cusip>20753VBE7</cusip>
        <identifiers>
          <isin value="US20753VBE74"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1973974.22000000</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>2040-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.11817000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Fortress CBO Investments Ltd</name>
        <lei>N/A</lei>
        <title>FORT CRE 2022-FL3 Issuer LLC</title>
        <cusip>34706CAA7</cusip>
        <identifiers>
          <isin value="US34706CAA71"/>
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        <balance>320103.96000000</balance>
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        <curCd>USD</curCd>
        <valUSD>315224.30000000</valUSD>
        <pctVal>0.049661869338</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.20006000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>OFFICE CHERIFIEN DES PHO</name>
        <lei>213800D26TAPVTCVWG40</lei>
        <title>OCP SA</title>
        <cusip>67091TAJ4</cusip>
        <identifiers>
          <isin value="US67091TAJ43"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>942478.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
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      <invstOrSec>
        <name>Hanesbrands Inc</name>
        <lei>GX5LWVWZLL5S4W1L2F20</lei>
        <title>HANESBRANDS INC</title>
        <cusip>410346AY6</cusip>
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          <isin value="US410346AY61"/>
          <other otherDesc="INTERNAL" value="BL5007630"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>894375.00000000</valUSD>
        <pctVal>0.140903903631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.07162000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>VIKING BAKED GOODS ACQUI</name>
        <lei>254900DBFD2H1FJK0893</lei>
        <title>Viking Baked Goods Acquisition Corp</title>
        <cusip>92676AAA5</cusip>
        <identifiers>
          <isin value="US92676AAA51"/>
          <other otherDesc="SEDOL" value="BTBLGB7"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>785726.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>KKR Financial CLO Ltd</name>
        <lei>549300MJB0YZ0QTQNZ45</lei>
        <title>KKR Clo 25 Ltd</title>
        <cusip>48252UAU1</cusip>
        <identifiers>
          <isin value="US48252UAU16"/>
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        <balance>3100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3076663.20000000</valUSD>
        <pctVal>0.484711508080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.20610000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Octagon Investment Partners 44</name>
        <lei>N/A</lei>
        <title>Octagon Investment Partners 44 Ltd</title>
        <cusip>67577LAJ4</cusip>
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          <isin value="US67577LAJ44"/>
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        <balance>2200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2196293.00000000</valUSD>
        <pctVal>0.346013984311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.69771000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REPUBLIC OF ZAMBIA</name>
        <lei>213800DMLAZ6LGMMD849</lei>
        <title>Zambia Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2837240261"/>
          <other otherDesc="SEDOL" value="BS4BKG0"/>
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      <invstOrSec>
        <name>CAMB Commercial Mortgage Trust</name>
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        <name>WARNERMEDIA HOLDINGS INC</name>
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        <name>Texas Debt Capital Euro CLO DA</name>
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        <invCountry>IE</invCountry>
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        <name>CIFC Funding Ltd</name>
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        <name>Fannie Mae - CAS</name>
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        <name>NATIONAL FUEL GAS CO</name>
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        <name>Freddie Mac - STACR</name>
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        <name>STATE STREET GLOBAL MARKETS, LLC</name>
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        <name>United Natural Foods Inc</name>
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        <name>Verus Securitization Trust</name>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <name>ROMANIA</name>
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        <issuerCat>NUSS</issuerCat>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2023-R04</title>
        <cusip>20754QAA6</cusip>
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          <isin value="US20754QAA67"/>
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        <balance>1408343.56000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1435006.32000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust 2024-VLT4</title>
        <cusip>05612TAC9</cusip>
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          <isin value="US05612TAC99"/>
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        <balance>1625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1611988.46000000</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>2029-07-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>KINGDOM OF MOROCCO</name>
        <lei>529900F3MBW9XY5K1X07</lei>
        <title>Morocco Government International Bond</title>
        <cusip>000000000</cusip>
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          <isin value="XS3041325583"/>
          <other otherDesc="SEDOL" value="BT271W0"/>
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        <balance>1700000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>95000U3P6</cusip>
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          <isin value="US95000U3P60"/>
          <other otherDesc="SEDOL" value="BP0BDM0"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>689195.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.24400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2021-VOLT</title>
        <cusip>05609VAL9</cusip>
        <identifiers>
          <isin value="US05609VAL99"/>
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        <balance>2810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2770411.32000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.08634000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SBA TOWER TRUST</name>
        <lei>N/A</lei>
        <title>SBA Tower Trust</title>
        <cusip>78403DAT7</cusip>
        <identifiers>
          <isin value="US78403DAT72"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.63100000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HSBC SECURITIES (USA) INC.</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>USD/JPY FORWARD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="AUU7XGKYXCITQMBWRLO9HQDZQ"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-98505.07000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>HSBC SECURITIES (USA) INC.</counterpartyName>
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            <amtCurSold>-457100000.00000000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YFU4</cusip>
        <identifiers>
          <isin value="US61747YFU47"/>
          <other otherDesc="SEDOL" value="BSF0594"/>
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        <balance>1850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1844731.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65400000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REPUBLIC OF ALBANIA</name>
        <lei>254900EDM43U3SGRND29</lei>
        <title>Albania Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS3004338714"/>
          <other otherDesc="SEDOL" value="BTZJR03"/>
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        <balance>775000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.88272939"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>CLEVELAND-CLIFFS INC</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>Cleveland-Cliffs Inc</title>
        <cusip>185899AQ4</cusip>
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          <isin value="US185899AQ45"/>
          <other otherDesc="SEDOL" value="BR4S8S2"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <name>FISERV FUNDING UNLTD CO</name>
        <lei>254900RNWK5SE9A0I712</lei>
        <title>FISERV FUNDING ULC</title>
        <cusip>000000000</cusip>
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          <isin value="XS3060656884"/>
          <other otherDesc="SEDOL" value="BPJKJM0"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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          <isin value="US44891ADF12"/>
          <other otherDesc="SEDOL" value="BRC3PG6"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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        <name>Onslow Bay Financial LLC</name>
        <lei>2549006BC0G3YEF5SL09</lei>
        <title>OBX 2025-NQM2 Trust</title>
        <cusip>67120VAA3</cusip>
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          <isin value="US67120VAA35"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-11-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>EUROBANK SA</name>
        <lei>213800KGF4EFNUQKAT69</lei>
        <title>Eurobank SA</title>
        <cusip>000000000</cusip>
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          <isin value="XS2956845262"/>
          <other otherDesc="SEDOL" value="BQWNRN0"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Palmer Square CLO Ltd</name>
        <lei>N/A</lei>
        <title>Palmer Square CLO 2022-1 Ltd</title>
        <cusip>69689QAA3</cusip>
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          <isin value="US69689QAA31"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>UDR INC</name>
        <lei>P3CH2EG5X6Z1XWU1OO74</lei>
        <title>UDR Inc</title>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>805146.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2025-R03</title>
        <cusip>20754VAC1</cusip>
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          <isin value="US20754VAC19"/>
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        <balance>2520808.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2536701.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>ARES CLO Ltd</name>
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      <invstOrSec>
        <name>Quikrete Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOEING CO</name>
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        <name>BX Trust</name>
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        <name>CUMULUS STATIC CLO</name>
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        <name>Fannie Mae - CAS</name>
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        <name>Freddie Mac - STACR</name>
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        <title>Freddie Mac STACR REMIC Trust 2024-DNA2</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP PARIBAS SECURITIES CORP.</name>
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        <title>EUR/USD FORWARD</title>
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        <name>LKQ DUTCH BOND BV</name>
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        <title>LKQ Dutch Bond BV</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>HP ENTERPRISE CO</name>
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        <title>Hewlett Packard Enterprise Co</title>
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        <name>EVERGY INC</name>
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        <title>Evergy Inc</title>
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        <name>Freddie Mac - STACR</name>
        <lei>5493000IRUQLXTG4SV18</lei>
        <title>Freddie Mac STACR REMIC Trust 2022-DNA7</title>
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        <name>ROYAL BANK OF CANADA</name>
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        <title>Royal Bank of Canada</title>
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        <name>Wells Fargo Commercial Mortgag</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2018-C46</title>
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        <name>SYNOPSYS INC</name>
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        <title>Synopsys Inc</title>
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        <name>VERITIV OPERATING CO</name>
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        <title>Veritiv Operating Co</title>
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        <name>EMRLD Borrower LP</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMRLD BORROWER LP</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Madison Iaq LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae - CAS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac - STACR</name>
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        <name>OPEN TEXT CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Onslow Bay Financial LLC</name>
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          <isin value="US67448PAA12"/>
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        <balance>2009476.04000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO</name>
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        <title>JPMorgan Chase &amp; Co</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WMG ACQUISITION CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EDGE FINCO PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SYNCHRONY BANK</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santander Bank Auto Credit-Lin</name>
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        <name>HIH Trust</name>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Fannie Mae - CAS</name>
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        <name>Chase Auto Credit Linked Notes</name>
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        <name>Fannie Mae - CAS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STAR PARENT INC</name>
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        <title>Star Parent Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>REPUBLIC OF PARAGUAY</name>
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          <isin value="USP75744AN58"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-09</maturityDt>
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      <invstOrSec>
        <name>ARES CLO Ltd</name>
        <lei>N/A</lei>
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          <isin value="US04009BAS79"/>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SWCH Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SWCH Commercial Mortgage Trust 2025-DATA</title>
        <cusip>78489CAA7</cusip>
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          <isin value="US78489CAA71"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Euro Galaxy CLO BV</name>
        <lei>5493000DO5029DBEJL19</lei>
        <title>Euro-Galaxy VII CLO DAC</title>
        <cusip>000000000</cusip>
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          <isin value="XS2337236223"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CRH AMERICA FINANCE INC</name>
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        <title>CRH America Finance Inc</title>
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          <isin value="US12636YAE23"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC SECURITIES (USA) INC.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2022-R03</title>
        <cusip>20753XAA2</cusip>
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          <isin value="US20753XAA28"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lightning Power, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALPHABET INC</name>
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        <name>NNN REIT INC</name>
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        <name>JPMorgan Chase Bank, NA - CACL</name>
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        <name>Fannie Mae - CAS</name>
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        <name>COLT Funding LLC</name>
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        <title>COLT 2024-6 Mortgage Loan Trust</title>
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        <name>PERMANENT TSB GROUP</name>
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        <name>ARES CAPITAL CORP</name>
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        <title>Ares Capital Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BUBBLES HOLDCO SPA</name>
        <lei>815600073942740CEB24</lei>
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          <isin value="XS2904658007"/>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MAGNOLIA OIL GAS/MAG FIN</name>
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        <name>WaterBridge Midstream Operating LLC</name>
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        <name>Onslow Bay Financial LLC</name>
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        <name>Onslow Bay Financial LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Apidos CLO Ltd</name>
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        <title>Apidos CLO XII</title>
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        <name>Third Coast Infrastructure LLC</name>
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        <name>COLT Funding LLC</name>
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        <title>Colt 2024-7 Mortgage Loan Trust</title>
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        <name>Palmer Square Loan Funding Ltd</name>
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        <name>Freddie Mac - STACR</name>
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        <name>BNP PARIBAS SECURITIES CORP.</name>
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        <name>REPUBLIC OF NIGERIA</name>
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        <name>JP Morgan Mortgage Trust</name>
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        <name>Fannie Mae - CAS</name>
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        <name>DUKE ENERGY CAROLINAS</name>
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        <title>Duke Energy Carolinas LLC</title>
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        <name>Fannie Mae - CAS</name>
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        <name>Bangl LLC</name>
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      <invstOrSec>
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        <lei>529900QKDFFU9UWW5315</lei>
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          <isin value="USP5015VAS53"/>
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        <invCountry>GT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TDF INFRASTRUCTURE SAS</name>
        <lei>969500BWNQ1B0PI06I59</lei>
        <title>TDF Infrastructure SASU</title>
        <cusip>000000000</cusip>
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          <isin value="FR001400TG54"/>
          <other otherDesc="SEDOL" value="BS55M65"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A3829D0"/>
          <other otherDesc="SEDOL" value="BLC8GN3"/>
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        <balance>1500000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Onslow Bay Financial LLC</name>
        <lei>254900W2SY2Z6X7UAX78</lei>
        <title>OBX 2024-NQM13 Trust</title>
        <cusip>67119PAC5</cusip>
        <identifiers>
          <isin value="US67119PAC59"/>
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        <balance>1193413.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1191713.35000000</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>2064-06-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REPUBLIC OF SRI LANKA</name>
        <lei>254900IG6Y30I2QE2R92</lei>
        <title>Sri Lanka Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2966242096"/>
          <other otherDesc="SEDOL" value="BPLNMD9"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>849000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61748UAE2</cusip>
        <identifiers>
          <isin value="US61748UAE29"/>
          <other otherDesc="SEDOL" value="BP5WYR0"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1325849.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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          <annualizedRt>5.23000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>2 YEAR U.S. TREASURY NOTE</title>
        <cusip>000000000</cusip>
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          <ticker value="TUM5"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG01Q0CG1M0"/>
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        <curCd>USD</curCd>
        <valUSD>3086766.71000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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                <issuerName>US TREASURY N/B</issuerName>
                <issueTitle>United States Treasury Note/Bond</issueTitle>
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                  <cusip value="91282CKE0"/>
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      <invstOrSec>
        <name>HSBC SECURITIES (USA) INC.</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>USD/CHF FORWARD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="AUUOSKEAELHT52G14DXKO5YOA"/>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>HSBC SECURITIES (USA) INC.</counterpartyName>
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      <invstOrSec>
        <name>REPUBLIC OF UZBEKISTAN</name>
        <lei>213800L6VDKUM3TCM927</lei>
        <title>Republic of Uzbekistan International Bond</title>
        <cusip>000000000</cusip>
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          <isin value="XS1953915136"/>
          <other otherDesc="SEDOL" value="BHZCSM7"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>390170.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Arini European CLO</name>
        <lei>635400HMSNVNUMMBE111</lei>
        <title>Arini European CLO I DAC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2710064895"/>
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        <balance>1500000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>UNITED MEXICAN STATES</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government International Bond</title>
        <cusip>91087BAV2</cusip>
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          <isin value="US91087BAV27"/>
          <other otherDesc="SEDOL" value="BNM9D06"/>
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        <balance>2325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2318066.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alpha Generation LLC</name>
        <lei>254900K5V62L4YGVKF49</lei>
        <title>ALPHA GENERATION LLC</title>
        <cusip>02072UAC6</cusip>
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          <isin value="US02072UAC62"/>
          <other otherDesc="INTERNAL" value="BL4757201"/>
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        <balance>721375.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>722341.64000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.07162000</annualizedRt>
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      <invstOrSec>
        <name>TESCO CORP TREASURY SERV</name>
        <lei>21380018AJDKNF3A6712</lei>
        <title>Tesco Corporate Treasury Services PLC</title>
        <cusip>000000000</cusip>
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          <isin value="XS2592301365"/>
          <other otherDesc="SEDOL" value="BNG36C7"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-27</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>PETROLEOS MEXICANOS</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>000000000</cusip>
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          <isin value="XS1568888777"/>
          <other otherDesc="SEDOL" value="BYWQJH3"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>AUTOSTRADE PER L'ITALIA</name>
        <lei>815600149448CEB9B230</lei>
        <title>Autostrade per l'Italia SpA</title>
        <cusip>000000000</cusip>
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          <isin value="XS2775027043"/>
          <other otherDesc="SEDOL" value="BMG3G42"/>
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        <balance>1075000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>PRIME HEALTHCARE SERVICE</name>
        <lei>N/A</lei>
        <title>Prime Healthcare Services Inc</title>
        <cusip>74165HAC2</cusip>
        <identifiers>
          <isin value="US74165HAC25"/>
          <other otherDesc="SEDOL" value="BTCK903"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>644139.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PAYDEN CASH RESERVES MONEY MARKET</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Oak Street Investment Grade Ne</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STATE STREET GLOBAL MARKETS, LLC</name>
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        <name>Extended Stay America Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FIESTA PURCHASER INC</name>
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      <invstOrSec>
        <name>Onslow Bay Financial LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENTENE CORP</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tharaldson Hotel Portfolio Tru</name>
        <lei>N/A</lei>
        <title>THPT 2023-THL Mortgage Trust</title>
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          <isin value="US87252LAA35"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trus</name>
        <lei>254900TZWRKTBX2YNW23</lei>
        <title>BRAVO Residential Funding Trust 2025-NQM2</title>
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          <isin value="US10569NAC56"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac - STACR</name>
        <lei>529900ZTXRUUVE8G8W08</lei>
        <title>Freddie Mac STACR REMIC Trust 2023-HQA3</title>
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        <fairValLevel>2</fairValLevel>
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        <name>REPUBLIC OF ARGENTINA</name>
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        <title>Argentine Republic Government International Bond</title>
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        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
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        <name>KEHE DIST/FIN / NEXTWAVE</name>
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        <title>KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc</title>
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        <name>BNP PARIBAS SECURITIES CORP.</name>
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        <title>EUR/USD FORWARD</title>
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        <name>SBA TOWER TRUST</name>
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        <title>SBA Tower Trust</title>
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        <name>Life Financial Services Trust</name>
        <lei>N/A</lei>
        <title>Life 2022-BMR Mortgage Trust</title>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2022-R03</title>
        <cusip>20753XAF1</cusip>
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        <balance>3700000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Buckhorn Park CLO, Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LETRA TESOURO NACIONAL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
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          <isin value="US95000U3E14"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>91282CMV0</cusip>
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          <isin value="US91282CMV09"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-31</maturityDt>
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        <name>TRANSDIGM INC</name>
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          <isin value="US89364MCA09"/>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Trust</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>OPAL BIDCO SAS</name>
        <lei>969500R96XT7XY2UJ564</lei>
        <title>Opal Bidco SAS</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC SECURITIES (USA) INC.</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>AUD/USD FORWARD</title>
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        <name>HUNTINGTON BANCSHARES</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Evergreen AcqCo 1 LP</name>
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        <title>EVERGREEN ACQCO 1 LP</title>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <title>Goldman Sachs Group Inc/The</title>
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        <name>REPUBLIC OF GUATEMALA</name>
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        <name>Verus Securitization Trust</name>
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        <title>Verus Securitization Trust 2024-8</title>
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        <name>FRESSNAPF HOLDING SE</name>
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        <title>Fressnapf Holding SE</title>
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        <invCountry>DE</invCountry>
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        <name>Fannie Mae - CAS</name>
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        <name>Freddie Mac - STACR</name>
        <lei>529900ZTXRUUVE8G8W08</lei>
        <title>Freddie Mac STACR REMIC Trust 2023-HQA3</title>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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        <name>PBF HOLDING CO LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BLUE OWL CAPITAL CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Onslow Bay Financial LLC</name>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Bank Auto Credit-Lin</name>
        <lei>N/A</lei>
        <title>Santander Bank Auto Credit-Linked Notes Series 2022-A</title>
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          <isin value="US80290CAT18"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2023-R06</title>
        <cusip>20754EAA3</cusip>
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        <name>EXETER AUTOMOBILE RECEIVABLES TRUST 2021-2</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>VB-S1 Issuer LLC</name>
        <lei>N/A</lei>
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        <name>Penta CLO S.A.</name>
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        <name>Payden Cash Reserves Money Market Fund</name>
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        <name>Dryden Senior Loan Fund</name>
        <lei>549300ENU7ZZLTPT3E22</lei>
        <title>Dryden XXVI Senior Loan Fund</title>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>Apidos CLO Ltd</name>
        <lei>549300CXPXW83QGWOL98</lei>
        <title>Apidos CLO XXXII</title>
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        <name>BRAVO Residential Funding Trus</name>
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        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
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        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VISTRA OPERATIONS CO LLC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DELTA AIR LINES/SKYMILES</name>
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        <title>Delta Air Lines Inc / SkyMiles IP Ltd</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-20</maturityDt>
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      <invstOrSec>
        <name>SURGERY CENTER HOLDINGS</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
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      <invstOrSec>
        <name>UBER TECHNOLOGIES INC</name>
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        <title>Uber Technologies Inc</title>
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          <isin value="US90353TAN00"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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        <name>Galaxy CLO Ltd</name>
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        <title>Galaxy XXII CLO Ltd</title>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STATE STREET GLOBAL MARKETS, LLC</name>
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      <invstOrSec>
        <name>ROLLINS INC</name>
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        <title>Rollins Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-24</maturityDt>
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        <name>PETROLEOS MEXICANOS</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Terex Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Leia Finco US LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-09</maturityDt>
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        <name>Hotwire Funding LLC</name>
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        <title>Hotwire Funding LLC</title>
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        <name>BROADCOM INC</name>
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        <title>Broadcom Inc</title>
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        <name>REPUBLIC OF UZBEKISTAN</name>
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        <title>Republic of Uzbekistan International Bond</title>
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          <isin value="XS2263765856"/>
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        <invCountry>UZ</invCountry>
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        <name>KLEPIERRE SA</name>
        <lei>969500PB4U31KEFHZ621</lei>
        <title>Klepierre SA</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-S1</name>
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        <title>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-S1</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fertitta Entertainment LLC</name>
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      <invstOrSec>
        <name>PENSKE TRUCK LEASING/PTL</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MINERVA LUXEMBOURG SA</name>
        <lei>222100NM3G3RCPGZ2Z17</lei>
        <title>Minerva Luxembourg SA</title>
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          <isin value="USL6401PAM51"/>
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        <balance>1725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1841209.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
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        <cusip>20754MBZ9</cusip>
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          <isin value="US20754MBZ95"/>
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        <balance>873828.25000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>5493000IRHY5YZIPQD14</lei>
        <title>Freddie Mac STACR REMIC Trust 2023-HQA1</title>
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          <isin value="US35564KY375"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Diamond Infrastructure Funding</name>
        <lei>N/A</lei>
        <title>Diamond Infrastructure Funding LLC</title>
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          <isin value="US25265LAC46"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>STANDARD BUILDING SOLUTI</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Building Solutions Inc</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>HSBC SECURITIES (USA) INC.</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>USD/SEK FORWARD</title>
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          <ticker value="N/A"/>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ADVANTAGE SALES &amp; MARKET</name>
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        <title>Advantage Sales &amp; Marketing Inc</title>
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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>Dryden Leveraged Loan CDO</name>
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        <title>Dryden 39 Euro CLO 2015 DAC</title>
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          <isin value="XS2440292055"/>
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        <balance>650000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2025-R02</title>
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          <isin value="US20754TAB89"/>
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        <balance>2182150.13000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>5493000ISA3AUOXQEF68</lei>
        <title>Freddie Mac STACR REMIC Trust 2022-DNA2</title>
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          <isin value="US35564KRF83"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>Freddie Mac - STACR</name>
        <lei>5493000ISONLNOUKGB71</lei>
        <title>Freddie Mac STACR REMIC Trust 2021-DNA6</title>
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          <isin value="US35564KKY46"/>
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        <name>Diamond Issuer LLC</name>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>PENSKE TRUCK LEASING/PTL</name>
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        <name>Regatta XXII Funding Ltd.</name>
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        <name>B&amp;M EUROPEAN VALUE RET</name>
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        <name>SAUDI INTERNATIONAL BOND</name>
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        <name>Santander Drive Auto Receivabl</name>
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        <name>Freddie Mac - STACR</name>
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        <name>Santander Bank Auto Credit-Lin</name>
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        <name>Freddie Mac - STACR</name>
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        <name>UNIVERSAL MUSIC GROUP NV</name>
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        <name>BlueMountain EUR CLO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dragon Buyer, Inc.</name>
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        <name>Fannie Mae - CAS</name>
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        <name>MILLICOM INTL CELLULAR</name>
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        <name>Carlyle Global Market Strategi</name>
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        <name>Santander Bank Auto Credit-Lin</name>
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        <name>ICE FUTURES EUROPE</name>
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        <name>PARAMOUNT GLOBAL</name>
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        <name>Freddie Mac - STACR</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
        <title>VB-S1 Issuer LLC - VBTEL</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
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        <title>Freddie Mac STACR REMIC Trust 2022-DNA5</title>
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          <isin value="US35564KYW34"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORGANON &amp; CO/ORGANON FOR</name>
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        <title>Organon &amp; Co / Organon Foreign Debt Co-Issuer BV</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-30</maturityDt>
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      <invstOrSec>
        <name>Santander Drive Auto Receivabl</name>
        <lei>N/A</lei>
        <title>Santander Drive Auto Receivables Trust 2023-S1</title>
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          <isin value="US80286QAB59"/>
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        <balance>1487041.25000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-18</maturityDt>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
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        <cusip>20755CAB4</cusip>
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          <isin value="US20755CAB46"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-25</maturityDt>
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        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2</title>
        <cusip>80287MAD9</cusip>
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          <isin value="US80287MAD92"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flagship Credit Auto Trust 2021-4 Class R</name>
        <lei>N/A</lei>
        <title>Flagship Credit Auto Trust 2021-4 Class R</title>
        <cusip>33845A107</cusip>
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          <isin value="US33845A1079"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aimco</name>
        <lei>N/A</lei>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EUREX CLEARING AKTIENGESELLSCHAFT</name>
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        <title>EURO-BUND</title>
        <cusip>000000000</cusip>
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          <ticker value="RXM5"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MIDAS OPCO HOLDINGS LLC</name>
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        <title>Stagwell Global LLC</title>
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        <name>IVORY COAST</name>
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        <title>Ivory Coast Government International Bond</title>
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          <isin value="XS1196517434"/>
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        <invCountry>CI</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MEXICO CITY ARPT TRUST</name>
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        <title>Mexico City Airport Trust</title>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2021-R01</title>
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        <name>Onslow Bay Financial LLC</name>
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        <title>OBX 2024-NQM15 Trust</title>
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        <name>ALMAVIVA THE ITALIAN INN</name>
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        <title>Almaviva-The Italian Innovation Co SpA</title>
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        <name>Regatta XXII Funding Ltd.</name>
        <lei>N/A</lei>
        <title>Regatta XXII Funding Ltd</title>
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          <annualizedRt>6.26947000</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>AMERICOLD REALTY OPER PA</name>
        <lei>549300FKD9KVWNHSUU79</lei>
        <title>Americold Realty Operating Partnership LP</title>
        <cusip>03063UAB7</cusip>
        <identifiers>
          <isin value="US03063UAB70"/>
          <other otherDesc="SEDOL" value="BTLQ009"/>
        </identifiers>
        <balance>1725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1727496.14000000</valUSD>
        <pctVal>0.272157595677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOMINICAN REPUBLIC</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USP3579EBV85"/>
          <other otherDesc="SEDOL" value="BYX80W0"/>
        </identifiers>
        <balance>1310000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1318384.00000000</valUSD>
        <pctVal>0.207704209180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KREF 2022-Fl3 Ltd</name>
        <lei>549300DG0FGL1EU1CT79</lei>
        <title>KREF 2022-FL3 Ltd</title>
        <cusip>48275EAA4</cusip>
        <identifiers>
          <isin value="US48275EAA47"/>
        </identifiers>
        <balance>2112379.67000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2112270.46000000</valUSD>
        <pctVal>0.332776691365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.76859000</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>EUREX CLEARING AKTIENGESELLSCHAFT</name>
        <lei>529900LN3S50JPU47S06</lei>
        <title>EURO-BOBL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="OEM5"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG01PNK2CX8"/>
        </identifiers>
        <balance>-126.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272939"/>
        <valUSD>-215758.65000000</valUSD>
        <pctVal>-0.03399159863</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>EUREX CLEARING AKTIENGESELLSCHAFT</counterpartyName>
              <counterpartyLei>529900LN3S50JPU47S06</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BUNDESOBLIGATION</issuerName>
                <issueTitle>Bundesobligation</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <isin value="DE000BU25018"/>
                  <other otherDesc="SEDOL" value="BPXYP42"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-06-06</expDate>
            <notionalAmt>-15988672.31000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-215758.65000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN EXPRESS CO</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co</title>
        <cusip>025816DH9</cusip>
        <identifiers>
          <isin value="US025816DH90"/>
          <other otherDesc="SEDOL" value="BS2K9F1"/>
        </identifiers>
        <balance>980000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1006374.58000000</valUSD>
        <pctVal>0.158548826652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.28200000</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>FREEDOM MORTGAGE HOLD</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>Freedom Mortgage Holdings LLC</title>
        <cusip>35641AAB4</cusip>
        <identifiers>
          <isin value="US35641AAB44"/>
          <other otherDesc="SEDOL" value="BS5WKZ1"/>
        </identifiers>
        <balance>1290000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1305901.83000000</valUSD>
        <pctVal>0.205737711370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2021-SOAR</title>
        <cusip>05608WAQ7</cusip>
        <identifiers>
          <isin value="US05608WAQ78"/>
        </identifiers>
        <balance>789064.03000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>782341.20000000</valUSD>
        <pctVal>0.123253589435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.78648000</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>VMWARE LLC</name>
        <lei>549300BUDHS3LRWBE814</lei>
        <title>VMware LLC</title>
        <cusip>928563AK1</cusip>
        <identifiers>
          <isin value="US928563AK15"/>
          <other otherDesc="SEDOL" value="BP6KPM5"/>
        </identifiers>
        <balance>1470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1344059.00000000</valUSD>
        <pctVal>0.211749165407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.80000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YFY6</cusip>
        <identifiers>
          <isin value="US61747YFY68"/>
          <other otherDesc="SEDOL" value="BTRG6Y9"/>
        </identifiers>
        <balance>3300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3345583.79000000</valUSD>
        <pctVal>0.527078480433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.99400000</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>Freddie Mac - STACR</name>
        <lei>5493000ISHRHX47NOH65</lei>
        <title>Freddie Mac STACR REMIC Trust 2021-HQA3</title>
        <cusip>35564KKL2</cusip>
        <identifiers>
          <isin value="US35564KKL25"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>620169.96000000</valUSD>
        <pctVal>0.097704395001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.60369000</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>BLACKSTONE SECURED LEND</name>
        <lei>549300KM7KWQHVBNH962</lei>
        <title>Blackstone Secured Lending Fund</title>
        <cusip>09261XAK8</cusip>
        <identifiers>
          <isin value="US09261XAK81"/>
          <other otherDesc="SEDOL" value="BPJL644"/>
        </identifiers>
        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>681933.97000000</valUSD>
        <pctVal>0.107434977936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</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>TierPoint Issuer LLC</name>
        <lei>N/A</lei>
        <title>TierPoint Issuer LLC</title>
        <cusip>88651CAA8</cusip>
        <identifiers>
          <isin value="US88651CAA80"/>
        </identifiers>
        <balance>483333.33000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>484326.19000000</valUSD>
        <pctVal>0.076302949883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frost CMBS</name>
        <lei>635400USRLUMX8CQN243</lei>
        <title>Frost CMBS 2021-1 DAC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2402428002"/>
        </identifiers>
        <balance>1255582.60000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035641"/>
        <valUSD>1648419.35000000</valUSD>
        <pctVal>0.259699478671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.38026000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; CO</title>
        <cusip>95000U3T8</cusip>
        <identifiers>
          <isin value="US95000U3T82"/>
          <other otherDesc="SEDOL" value="BV8FSR6"/>
        </identifiers>
        <balance>2850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2886413.14000000</valUSD>
        <pctVal>0.454738648687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.97000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-23</ncom:dateSigned>
      <ncom:nameOfApplicant>PAYDEN &amp; RYGEL INVESTMENT GROUP</ncom:nameOfApplicant>
      <ncom:signature>Sandi Brents</ncom:signature>
      <ncom:signerName>Sandi Brents</ncom:signerName>
      <ncom:title>Compliance Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
