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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BBCMS MORTGAGE TRUST 2025-5C36</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust 2025-5C36 </title>
        <cusip>05556CAC4</cusip>
        <identifiers>
          <isin value="US05556CAC47"/>
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        <balance>589000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>602381.73000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.51700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>31417WKL4</cusip>
        <identifiers>
          <isin value="US31417WKL45"/>
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        <balance>21712.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21440.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>3140QED33</cusip>
        <identifiers>
          <isin value="US3140QED339"/>
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        <balance>161704.39000000</balance>
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        <curCd>USD</curCd>
        <valUSD>141824.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BENCHMARK 2020-B21 MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust </title>
        <cusip>08163LAG4</cusip>
        <identifiers>
          <isin value="US08163LAG41"/>
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        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1102578.13000000</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>2053-12-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.97750000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>31417LA88</cusip>
        <identifiers>
          <isin value="US31417LA881"/>
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        <balance>27687.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27381.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-5C6</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2025-5C6 </title>
        <cusip>95004TAC6</cusip>
        <identifiers>
          <isin value="US95004TAC62"/>
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        <balance>665000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>669927.85000000</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>2058-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.18600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BENCHMARK 2025-V16 MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>Benchmark 2025-V16 Mortgage Trust </title>
        <cusip>08164RAC9</cusip>
        <identifiers>
          <isin value="US08164RAC97"/>
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        <balance>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>300353.72000000</valUSD>
        <pctVal>0.241702920833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.43900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
        <cusip>3132ACS68</cusip>
        <identifiers>
          <isin value="US3132ACS688"/>
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        <balance>1433951.96000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1360631.00000000</valUSD>
        <pctVal>1.094937285533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note </title>
        <cusip>91282CJZ5</cusip>
        <identifiers>
          <isin value="US91282CJZ59"/>
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        <balance>2263600.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2211431.08000000</valUSD>
        <pctVal>1.779599570993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust</title>
        <cusip>46635TAU6</cusip>
        <identifiers>
          <isin value="US46635TAU60"/>
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        <balance>60701.83000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60476.01000000</valUSD>
        <pctVal>0.048666712892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.01310080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>3137B0HP2</cusip>
        <identifiers>
          <isin value="US3137B0HP20"/>
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        <balance>86526.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78763.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>31418CDN1</cusip>
        <identifiers>
          <isin value="US31418CDN11"/>
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        <balance>62180.95000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59155.90000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>31418EBU3</cusip>
        <identifiers>
          <isin value="US31418EBU38"/>
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        <balance>597809.30000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BX TRUST 2018-BILT</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust </title>
        <cusip>05609QAE6</cusip>
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          <isin value="US05609QAE61"/>
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        <balance>202479.42000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST</name>
        <lei>25490005VWJDWX717014</lei>
        <title>Federated Hermes Treasury Oligations Fund </title>
        <cusip>31423R500</cusip>
        <identifiers>
          <isin value="US31423R5000"/>
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        <balance>2484166.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2484166.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
        <cusip>3132ADGQ5</cusip>
        <identifiers>
          <isin value="US3132ADGQ51"/>
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        <balance>142407.16000000</balance>
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        <curCd>USD</curCd>
        <valUSD>132928.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS </title>
        <cusip>3136B9CQ8</cusip>
        <identifiers>
          <isin value="US3136B9CQ84"/>
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        <balance>285709.30000000</balance>
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        <curCd>USD</curCd>
        <valUSD>246215.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>Federal National Mortgage Association</name>
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        <name>DRYDEN 53 CLO LTD</name>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>SOFI PROFESSIONAL LOAN PROGRAM 2020-A TRUST</name>
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        <name>ARES XLIX CLO LTD</name>
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        <name>Chicago Board of Trade</name>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>BANK5 2024-5YR5</name>
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        <name>KKR CLO 24 LTD</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>GS MORTGAGE SECURITIES TRUST 2020-GC47</name>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <title>Freddie Mac Pool </title>
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        <name>CHL MORTGAGE PASS-THROUGH TRUST 2004-3</name>
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        <name>Magnetite XXI Ltd</name>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <title>Freddie Mac Pool </title>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <title>Freddie Mac Multifamily Structured Pass Through </title>
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        <name>TRICON RESIDENTIAL 2025-SFR1 TRUST</name>
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        <title>Tricon Residential 2025-SFR1 Trust </title>
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      <invstOrSec>
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      <invstOrSec>
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        <title>Government National Mortgage Association </title>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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      <invstOrSec>
        <name>BBCMS MORTGAGE TRUST 2020-C7</name>
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        <title>BX Commercial Mortgage Trust 2026-Vlt10 </title>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <title>Freddie Mac Pool </title>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>Ginnie Mae II Pool </title>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>BBCMS MORTGAGE TRUST 2025-C35</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
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      <invstOrSec>
        <name>CD 2016-CD2 MORTGAGE TRUST</name>
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        <title>CD 2016-CD2 Mortgage Trust </title>
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        <balance>589000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>Fannie Mae REMICS </title>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>Government National Mortgage Association</name>
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        <name>LCM 33 LTD</name>
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        <name>GLS AUTO RECEIVABLES ISSUER TRUST 2026-2</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>Freddie Mac Pool </title>
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      <invstOrSec>
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        <title>Government National Mortgage Association </title>
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        <name>AMERICAN TOWER TRUST I</name>
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        <title>American Tower Trust #1 </title>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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        <name>VANTAGE DATA CENTERS ISSUER LLC</name>
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        <name>FRESB MORTGAGE TRUST</name>
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        <issuerCat>USGSE</issuerCat>
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        <title>Wells Fargo Commercial Mortgage Trust </title>
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          <isin value="US95002XBD66"/>
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        <balance>500000.00000000</balance>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Strips </title>
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          <isin value="US3128HVH858"/>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>3140J7UL7</cusip>
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          <isin value="US3140J7UL76"/>
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        <balance>39684.52000000</balance>
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        <name>FORTRESS CREDIT BSL XXI LTD</name>
        <lei>254900I65EXTP3Y16W49</lei>
        <title>Fortress Credit Bsl XXI Ltd </title>
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          <isin value="US34966EAN04"/>
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        <balance>800000.00000000</balance>
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        <name>BENCHMARK 2023-B39 MORTGAGE TRUST</name>
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        <name>BANK5 2023-5YR4</name>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>3140QDX33</cusip>
        <identifiers>
          <isin value="US3140QDX339"/>
        </identifiers>
        <balance>1131348.24000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1034926.43000000</valUSD>
        <pctVal>0.832833836647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BMO 2023-C7 MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BMO 2023-C7 Mortgage Trust </title>
        <cusip>05593FAD0</cusip>
        <identifiers>
          <isin value="US05593FAD06"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1581920.55000000</valUSD>
        <pctVal>1.273015088548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.16000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bond </title>
        <cusip>912810TB4</cusip>
        <identifiers>
          <isin value="US912810TB44"/>
        </identifiers>
        <balance>2158200.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1186166.96000000</valUSD>
        <pctVal>0.954541261644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BMO 2023-5C1 MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BMO 2023-5C1 Mortgage Trust </title>
        <cusip>055986AF0</cusip>
        <identifiers>
          <isin value="US055986AF05"/>
        </identifiers>
        <balance>51000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52767.27000000</valUSD>
        <pctVal>0.042463277243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.11730800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Sterling Capital Funds</ncom:nameOfApplicant>
      <ncom:signature>Todd Miller</ncom:signature>
      <ncom:signerName>Todd Miller</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
