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      </invstOrSec>
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        <name>Federal National Mortgage Association</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Benchmark 2020-B21 Mortgage Trust</name>
        <lei>N/A</lei>
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        <balance>1250000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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          <isin value="US31417LA881"/>
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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>United States Treasury Notes</name>
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        <title>United States Treasury Note </title>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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        <name>BX TRUST</name>
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        <name>Federated Hermes Money Market Obligations Trust</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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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 National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>Fannie Mae REMICS </title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>Fannie Mae Pool FN FS4183</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Cfcre 2016 C7 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CFCRE Commercial Mortgage Trust </title>
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          <isin value="US12532BAD91"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Strips </title>
        <cusip>3128CVVZ4</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>3140Q83V5</cusip>
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          <isin value="US3140Q83V59"/>
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        <balance>51495.68000000</balance>
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        <assetCat>ABS-MBS</assetCat>
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      <invstOrSec>
        <name>SIERRA TIMESHARE 2024-3 RECEIVABLES FUNDING LLC</name>
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      <invstOrSec>
        <name>BENCHMARK MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust </title>
        <cusip>08163AAE3</cusip>
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          <isin value="US08163AAE38"/>
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        <balance>589492.00000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS FNR 2016-73 DZ</title>
        <cusip>3136ATN42</cusip>
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        <balance>1165510.68000000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>3137BBFC9</cusip>
        <identifiers>
          <isin value="US3137BBFC96"/>
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        <balance>75800.93000000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2044-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>Carvana Auto Receivables Trust </title>
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          <isin value="US14687TAE73"/>
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        <balance>509000.00000000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BANK5 2023-5YR3</name>
        <lei>N/A</lei>
        <title>BANK5 </title>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>N/A</lei>
        <title>Freddie Mac Pool </title>
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          <isin value="US31329JEP84"/>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS </title>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>3137HDQT0</cusip>
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          <isin value="US3137HDQT05"/>
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        <balance>2381804.00000000</balance>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
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          <isin value="US3132ADJH26"/>
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        <balance>97361.96000000</balance>
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      <invstOrSec>
        <name>Federal Home Loan Banks</name>
        <lei>2549001DPIFGXC1TOL40</lei>
        <title>Federal Home Loan Banks </title>
        <cusip>3130APEP6</cusip>
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          <isin value="US3130APEP60"/>
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        <balance>550000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
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        <title>Wells Fargo Commercial Mortgage Trust </title>
        <cusip>95002UAJ0</cusip>
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          <isin value="US95002UAJ07"/>
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        <balance>300000.00000000</balance>
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      <invstOrSec>
        <name>BANK 2024-BNK47</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>BANK5 2024-5YR6</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>Fannie Mae Pool </title>
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      <invstOrSec>
        <name>Jpmcc 2016-Jp4</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust</title>
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          <isin value="US46645UAT43"/>
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        <balance>185000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
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        <balance>678792.45000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Saxon Asset Securities Trust 2004-2</name>
        <lei>N/A</lei>
        <title>Saxon Asset Securities Trust </title>
        <cusip>805564QV6</cusip>
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          <isin value="US805564QV62"/>
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        <balance>78024.32000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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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>Federal Home Loan Mortgage Corp.</name>
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        <name>BX TRUST 2021-RISE</name>
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        <title>BX Trust </title>
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        <name>Federal National Mortgage Association</name>
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        <title>Fannie Mae Pool </title>
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          <isin value="US3140XRQH16"/>
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      <invstOrSec>
        <name>Dryden 53 Clo Ltd</name>
        <lei>N/A</lei>
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        <name>GINNIE MAE (H) 23-85</name>
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        <title>Government National Mortgage Association </title>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust </title>
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        <balance>436141.09000000</balance>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>3138EQJ94</cusip>
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          <isin value="US3138EQJ942"/>
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        <balance>100662.21000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SOFI PROFESSIONAL LOAN PROGRAM TRUST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS </title>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
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          <isin value="US3132DQPM23"/>
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        <balance>895996.19000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BANK 2020-BNK29</name>
        <lei>N/A</lei>
        <title>BANK 2020-BNK29 </title>
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          <isin value="US06541TBF57"/>
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      <invstOrSec>
        <name>BANK5 2023-5YR4</name>
        <lei>N/A</lei>
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          <isin value="US06211FBF45"/>
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      <invstOrSec>
        <name>WELLS FARGO COMMERCIAL MORTGAGE TRU</name>
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        <title>Wells Fargo Commercial Mortgage Trust 2024-C63 </title>
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          <isin value="US94990FAE16"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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          <isin value="US3140N3AF66"/>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>CHASE HOME LENDING MORTGAGE TRUST</name>
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        <title>Chase Home Lending Mortgage Trust </title>
        <cusip>16159GAC3</cusip>
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          <isin value="US16159GAC33"/>
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        <name>BENCHMARK 2023-V2 MORTGAGE TRUST</name>
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        <title>Benchmark Mortgage Trust </title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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          <isin value="US3140XRSZ95"/>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>GS Mortgage Securities Trust 2016-GS4</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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      <invstOrSec>
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        <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>Federal Home Loan Mortgage Corp.</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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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>TRICON RESIDENTAL TR 2025-SFR1</name>
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          <isin value="US895974AA11"/>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>Fannie Mae Pool </title>
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        <name>Citigroup Mortgage Loan Trust Inc.</name>
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        <title>Citigroup Mortgage Loan Trust, Inc. </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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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BENCHMARK 2024-V6 MORTGAGE TRUST</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association </title>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2012-Lc5</name>
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        <title>Wells Fargo Commercial Mortgage Trust </title>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Freddie Mac REMICS </title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS </title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS </title>
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        <name>REESE PARK CLO LTD 2020R</name>
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        <name>BBCMS MORTGAGE TRUST</name>
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        <name>NEUBERGER BERMAN LOAN ADVISERS CLO 47 LTD</name>
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        <title>Neuberger Berman Loan Advisers CLO 47 Ltd </title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
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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>Government National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>3140XKLF5</cusip>
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          <isin value="US3140XKLF51"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BBCMS MORTGAGE TRUST 2024-5C25</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust </title>
        <cusip>05554VAB6</cusip>
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          <isin value="US05554VAB62"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>3137FJQD4</cusip>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Freddie Mac REMICS </title>
        <cusip>3137AXUF8</cusip>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cd 2016-Cd2 Mortga</name>
        <lei>N/A</lei>
        <title>CD 2016-CD2 Mortgage Trust </title>
        <cusip>12515ABE9</cusip>
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          <isin value="US12515ABE91"/>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>3137A6R38</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>31419FMD5</cusip>
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          <isin value="US31419FMD59"/>
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        <balance>30353.16000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>3140QMMU5</cusip>
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        <balance>263713.85000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>N/A</lei>
        <title>Freddie Mac Pool </title>
        <cusip>3132A5ET8</cusip>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS </title>
        <cusip>3136A2M67</cusip>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>SMR MORTGAGE TRUST 2022-IND</name>
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        <name>ELP COMMERCIAL MORTGAGE TRUST 2021-ELP</name>
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        <name>Small Business Administration</name>
        <lei>N/A</lei>
        <title>United States Small Business Administration </title>
        <cusip>83162CTE3</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
        <cusip>3132DWB77</cusip>
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        <balance>857415.60000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <title>Fannie Mae Pool </title>
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        <name>Federal National Mortgage Association</name>
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        <title>Fannie Mae Pool </title>
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        <name>Federal National Mortgage Association</name>
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        <title>Fannie Mae Pool </title>
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          <isin value="US31418EVX56"/>
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        <name>Federal National Mortgage Association</name>
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        <title>Fannie Mae Pool </title>
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          <isin value="US3140W0TY17"/>
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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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          <isin value="US3622AB2M38"/>
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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>CitiCorp Residential Mortgage Trust Series 2007 1</name>
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        <title>Citicorp Residential Mortgage Trust </title>
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        <name>Government National Mortgage Association</name>
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        <name>American Tower Trust I</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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        <name>Onemain Financial Issuance Trust 2019-2</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>3137A75D8</cusip>
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          <isin value="US3137A75D88"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note </title>
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          <isin value="US91282CFV81"/>
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        <balance>517000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>520574.57000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
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          <isin value="US3133KYT901"/>
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        <balance>144367.55000000</balance>
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      <invstOrSec>
        <name>Fresb Mortgage Trust</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust </title>
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          <isin value="US95002XBD66"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Strips </title>
        <cusip>3128HVH85</cusip>
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          <isin value="US3128HVH858"/>
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        <balance>766638.05000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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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>44391.72000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2047-11-01</maturityDt>
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      <invstOrSec>
        <name>BENCHMARK 2023-B39 MORTGAGE TRUST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>BANK5 2024-5YR6</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
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        <name>HILTON GRAND VACATIONS 2024-3</name>
        <lei>N/A</lei>
        <title>Hilton Grand Vacations Trust 2024-3 </title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>31397T2X9</cusip>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2012-Lc5</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust </title>
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        <balance>50000.00000000</balance>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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      <invstOrSec>
        <name>Morgan Stanley Cap I Tst 2018-H3</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust </title>
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        <balance>435000.00000000</balance>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>3137AWH81</cusip>
        <identifiers>
          <isin value="US3137AWH811"/>
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        <balance>496754.84000000</balance>
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        <assetCat>ABS-O</assetCat>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>BBCMS MORTGAGE TRUST 2024-5C25</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust 2024-5C25 </title>
        <cusip>05554VAE0</cusip>
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          <isin value="US05554VAE02"/>
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        <balance>51000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2057-03-15</maturityDt>
          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
        <cusip>3131WPAK5</cusip>
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        <name>BENCHMARK 2024-V7 MORTGAGE TRUST</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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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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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>GS MORTGAGE SECURITIES TRUST</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>N/A</lei>
        <title>Freddie Mac Pool </title>
        <cusip>31329JE52</cusip>
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          <isin value="US31329JE520"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>3137AW6C4</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust </title>
        <cusip>95002RAX6</cusip>
        <identifiers>
          <isin value="US95002RAX61"/>
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        <balance>220800.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
        <cusip>3132DQSL1</cusip>
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          <isin value="US3132DQSL13"/>
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        <balance>1114497.60000000</balance>
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        <valUSD>1141517.17000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>3137H0WB0</cusip>
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          <isin value="US3137H0WB08"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Credit Suisse First Boston Mortgage Securities Corp.</name>
        <lei>N/A</lei>
        <title>CSFB Mortgage-Backed Pass-Through Certificates </title>
        <cusip>22541SAL2</cusip>
        <identifiers>
          <isin value="US22541SAL25"/>
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        <balance>9192.08000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9192.47000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK5 2023-5YR4</name>
        <lei>N/A</lei>
        <title>BANK5 2023-5YR4 </title>
        <cusip>06211FBA5</cusip>
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          <isin value="US06211FBA57"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
        <cusip>3132DUJB4</cusip>
        <identifiers>
          <isin value="US3132DUJB44"/>
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        <balance>2731454.82000000</balance>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
        <cusip>3133KYYS2</cusip>
        <identifiers>
          <isin value="US3133KYYS26"/>
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        <balance>430188.93000000</balance>
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        <curCd>USD</curCd>
        <valUSD>440160.43000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS </title>
        <cusip>31397QBT4</cusip>
        <identifiers>
          <isin value="US31397QBT40"/>
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        <balance>825833.00000000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CSAIL 2017-C8 Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSAIL 2015-C3 Commercial Mortgage Trust </title>
        <cusip>12635FAT1</cusip>
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          <isin value="US12635FAT12"/>
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        <balance>156664.98000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
        <cusip>3131XYVQ9</cusip>
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        <balance>78671.29000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>3140XQY35</cusip>
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          <isin value="US3140XQY350"/>
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        <balance>3565660.06000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>3138A7HY7</cusip>
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          <isin value="US3138A7HY71"/>
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        <balance>56067.63000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BENCHMARK 2024-V6 MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust </title>
        <cusip>081927AE5</cusip>
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          <isin value="US081927AE53"/>
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        <balance>553000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>3140FMST4</cusip>
        <identifiers>
          <isin value="US3140FMST41"/>
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        <balance>93333.98000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82674.17000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Comm 2014-UBS4 Mortgage Trust</name>
        <lei>5493004GWEVMOU8S3L34</lei>
        <title>Comm Mortgage Trust Series 2014-UBS4, Class A5</title>
        <cusip>12591QAR3</cusip>
        <identifiers>
          <isin value="US12591QAR39"/>
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        <balance>6414.76000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6344.13000000</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>2047-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.69400000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BENCHMARK 2024-V5 MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust </title>
        <cusip>08163XAY9</cusip>
        <identifiers>
          <isin value="US08163XAY94"/>
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        <balance>220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>228366.34000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comm 2017-Panw Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM Mortgage Trust </title>
        <cusip>12595EAD7</cusip>
        <identifiers>
          <isin value="US12595EAD76"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>243764.60000000</valUSD>
        <pctVal>0.156031636581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.51000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
        <cusip>3140XCLU0</cusip>
        <identifiers>
          <isin value="US3140XCLU03"/>
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        <balance>906821.53000000</balance>
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        <curCd>USD</curCd>
        <valUSD>761518.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS FNR 2020-56 AQ</title>
        <cusip>3136BBME9</cusip>
        <identifiers>
          <isin value="US3136BBME96"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1183628.25000000</valUSD>
        <pctVal>0.757630324305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Avis Budget Rental Car Funding AESOP LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>Avis Budget Rental Car Funding AESOP LLC </title>
        <cusip>05377RHM9</cusip>
        <identifiers>
          <isin value="US05377RHM97"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1045222.60000000</valUSD>
        <pctVal>0.669038050932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.02000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>31396A5J9</cusip>
        <identifiers>
          <isin value="US31396A5J91"/>
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        <balance>127292.18000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133771.50000000</valUSD>
        <pctVal>0.085625993573</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <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"/>
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        <balance>1287614.63000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1169641.20000000</valUSD>
        <pctVal>0.748677333171</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS </title>
        <cusip>3137ACW96</cusip>
        <identifiers>
          <isin value="US3137ACW960"/>
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        <balance>918734.48000000</balance>
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        <curCd>USD</curCd>
        <valUSD>915250.09000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1605636.60000000</valUSD>
        <pctVal>1.027754261504</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DRYDEN 50 Senior Loan Fund</name>
        <lei>5493008NBEE3C4AF3K95</lei>
        <title>Dryden 50 Senior Loan Fund </title>
        <cusip>262431AH2</cusip>
        <identifiers>
          <isin value="US262431AH22"/>
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        <balance>1316006.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1316111.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.51770920</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 Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bond </title>
        <cusip>912810TB4</cusip>
        <identifiers>
          <isin value="US912810TB44"/>
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        <balance>2158200.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1200667.35000000</valUSD>
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        <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>
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        <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>54095.16000000</valUSD>
        <pctVal>0.034625849471</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>7.11749160</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>2025-06-30</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>
