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        <name>Korea Treasury Bond 1.375% 09/10/2024</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <name>United States Treasury Note/Bond 1.375% 01/31/2025</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <name>HOSOKAWA MICRON CORP ORD JPY NPV</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>NN GROUP NV ORD EUR NPV</name>
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        <name>N/A</name>
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        <name>RYANAIR HOLDINGS PLC SPONSORED ADR</name>
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        <name>Argentina Treasury Bond BONCER 1.4% 03/25/2023</name>
        <lei>549300KPBYGYF7HCHO27</lei>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>LABORATORY CORP OF AMERICA HOLDINGS COM USD.1</name>
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        <name>N/A</name>
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        <name>VALUE PARTNERS GROUP LTD ORD HKD.1</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <ticker value="EWJ 9 P46"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>ROYAL BANK OF CANADA</counterpartyName>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CITIBANK NA</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIBANK NA STRIKE 84.33 EXPIRES 11/12/20 AUD Call/JPY Put</title>
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          <other otherDesc="Internal Sec ID" value="981291"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIBANK NA STRIKE 23.0192 EXPIRES 04/28/21 USD Put/MXN Call *OTC*</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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              <counterpartyName>DEUTSCHE BANK AG</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>HSBC BANK PLC STRIKE 0.654 EXPIRES 02/08/21 AUD Put/USD Call</title>
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        <identifiers>
          <other otherDesc="Internal Sec ID" value="1042485"/>
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        <balance>4035000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <identifiers>
          <other otherDesc="Internal Sec ID" value="1006806"/>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal Sec ID" value="1071781"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>REPUBLIC OF COLOMBIA 4.375% 03/21/2023</name>
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        <name>ArcelorMittal SA ORD EUR.01</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>United States Treasury Note/Bond 2.625% 12/31/2025</name>
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          <other otherDesc="Internal Identifier" value="952434"/>
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        <name>ARGENTINE BONOS DEL TESORO 15.50% 10/17/2026</name>
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        <name>K2016470219 SA LTD ORD ZAR NPV CL B</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Korea Treasury Bond 2.25% 09/10/2023</name>
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        <name>Japan Treasury Discount Bill 07/06/2020 TBLM</name>
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        <name>Japan Treasury Discount Bill 10/12/2020 TBLM</name>
        <lei>353800WZS8AXZXFUC241</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Mexico Cetes 12/03/2020 TBLM</name>
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        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Sec ID" value="1068605"/>
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        <balance>-4391000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>N/A</fairValLevel>
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        <name>N/A</name>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <fairValLevel>N/A</fairValLevel>
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              <counterpartyName>JPMORGAN CHASE BANK NA</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>GHANA GOVT 16.50% 03/22/2021</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AP MOELLER - MAERSK A/S ORD B DKK1000</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SAMSUNG ELECTRONICS CO LTD ORD KRW 100</name>
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          <ticker value="005930"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIBANK NA STRIKE 71 EXPIRES 04/29/21 AUD Put/JPY Call *OTC*</title>
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        <isRestrictedSec>N</isRestrictedSec>

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            <putOrCall>Put</putOrCall>
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        <name>N/A</name>
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        <name>INDONESIA GOVERNMENT 5.625% 05/15/2023</name>
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        <name>MEXICAN FIXED RATE BONDS 6.50% 06/10/2021</name>
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        <name>N/A</name>
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        <name>Mexico Cetes 09/10/2020 TBLM</name>
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        <name>N/A</name>
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        <fairValLevel>N/A</fairValLevel>
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        <name>Argentina Treasury Bond BONCER 1.5% 03/25/2024</name>
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        <name>COMCAST CORP COM A USD1 (NEW)</name>
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        <name>N/A</name>
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        <name>Japan Treasury Discount Bill 07/10/2020 TBLM</name>
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        <name>N/A</name>
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        <name>GHANA GOVT 19.75% 03/15/2032</name>
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        <name>GHANA GOVT 24.50% 06/21/2021</name>
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        <name>Mexico Cetes 01/28/2021 TBLM</name>
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        <name>N/A</name>
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        <name>UNITED PARCEL SERVICE INC COM B USD.01</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JPY_EUR_20200824</title>
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        <balance>1.00000000</balance>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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            <amtCurSold>2803525.43000000</amtCurSold>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>HSBC BANK PLC STRIKE 0.668 EXPIRES 10/27/20 AUD Call/USD Put *OTC*</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1066201"/>
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        <balance>-3025000.00000000</balance>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>HSBC BANK PLC STRIKE 0.668 EXPIRES 10/27/20 AUD Call/USD Put *OTC*</issuerName>
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                  <other otherDesc="Internal Sec ID" value="1066201"/>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-62488.50000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>GOLDMAN SACHS BANK USA STRIKE 22.4495 EXPIRES 08/31/20 USD Put/MXN Call *OTC*</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="1074786"/>
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        <balance>946000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS BANK USA HOLDINGS LLC</counterpartyName>
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            <putOrCall>Put</putOrCall>
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              <otherRefInst>
                <issuerName>GOLDMAN SACHS BANK USA STRIKE 22.4495 EXPIRES 08/31/20 USD Put/MXN Call *OTC*</issuerName>
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                  <other otherDesc="Internal Sec ID" value="1074786"/>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-20242.61000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 28.754 EXPIRES 03/30/21 USD Call/MXN Put *OTC*</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="1058808"/>
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        <balance>5716000.00000000</balance>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 28.754 EXPIRES 03/30/21 USD Call/MXN Put *OTC*</issuerName>
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                  <other otherDesc="Internal Sec ID" value="1058808"/>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-183643.65000000</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="1075411"/>
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        <balance>-2733000.00000000</balance>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 23.311 EXPIRES 09/02/20 USD Call/MXN Put *OTC*</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-27018.44000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JPY_AUD_20201124</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="4715023264934"/>
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        <balance>1.00000000</balance>
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        <valUSD>-47656.95000000</valUSD>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMORGAN CHASE BANK NA</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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            <amtCurSold>4881968.32000000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 0.7209 EXPIRES 10/28/20 AUD Call/USD Put *OTC*</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1077785"/>
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        <balance>-1008500.00000000</balance>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                  <other otherDesc="Internal Sec ID" value="1077785"/>
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            <shareNo>1.00000000</shareNo>
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            <expDt>2020-10-28</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>4634.75000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Korea Treasury Bond 1.875% 06/10/2029</name>
        <lei>549300O0QCVSQGPGDT58</lei>
        <title>Korea Treasury Bond 1.875% 06/10/2029</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR103502G966"/>
          <other otherDesc="Internal Identifier" value="999607"/>
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        <balance>13100000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="KRW" exchangeRt="1199.50000000"/>
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        <pctVal>1.538470540519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD_BRL_20200902</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="4897223741476"/>
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        <balance>1.00000000</balance>
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        <valUSD>-63178.49000000</valUSD>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>CITIBANK NA</counterpartyName>
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            <amtCurSold>12540000.00000000</amtCurSold>
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      <invstOrSec>
        <name>BAYERISCHE MOTOREN WERKE AG ORD EUR1</name>
        <lei>YEH5ZCD6E441RHVHD759</lei>
        <title>BAYERISCHE MOTOREN WERKE AG ORD EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005190003"/>
          <other otherDesc="Internal Identifier" value="54438"/>
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        <balance>76462.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>XIABUXIABU CATERING MANAGEMENT CHINA HOLDINGS CO ORD HKD NPV</name>
        <lei>5299004RY3LN54RFB102</lei>
        <title>XIABUXIABU CATERING MANAGEMENT CHINA HOLDINGS CO ORD HKD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG982971072"/>
          <other otherDesc="Internal Identifier" value="601013"/>
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        <balance>4711000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75045000"/>
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        <pctVal>0.630581157887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DASSAULT AVIATION SA ORD EUR8</name>
        <lei>969500CVFTUT88V8QN95</lei>
        <title>DASSAULT AVIATION SA ORD EUR8</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000121725"/>
          <other otherDesc="Internal Identifier" value="317862"/>
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        <balance>4354.00000000</balance>
        <units>NS</units>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FREEPORT-MCMORAN INC COM USD 0.10</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>FREEPORT-MCMORAN INC COM USD 0.10</title>
        <cusip>35671D857</cusip>
        <identifiers>
          <ticker value="FCX"/>
          <other otherDesc="Internal Identifier" value="34284"/>
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        <balance>497000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5750290.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KOMATSU LTD ORD JPY NPV</name>
        <lei>5493004LQ0B4T7QPQV17</lei>
        <title>KOMATSU LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3304200003"/>
          <other otherDesc="Internal Identifier" value="28506"/>
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        <balance>102100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.62000000"/>
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        <pctVal>0.282167888285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>GOLDMAN SACHS BANK USA STRIKE 24.615 EXPIRES 08/31/20 USD Call/MXN Put *OTC*</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1074788"/>
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        <balance>-1012000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-11209.92000000</valUSD>
        <pctVal>-0.00151266718</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN SACHS BANK USA HOLDINGS LLC</counterpartyName>
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            <unrealizedAppr>949.26000000</unrealizedAppr>
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      <invstOrSec>
        <name>KOREA TREASURY BOND 4.25% 06/10/2021</name>
        <lei>549300O0QCVSQGPGDT58</lei>
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        <cusip>Y7277FHX1</cusip>
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          <other otherDesc="Internal Identifier" value="514095"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INDONESIA GOVERNMENT 9.50% 07/15/2023</name>
        <lei>529900FWX0GRR7WG5W79</lei>
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        <cusip>Y39814ED9</cusip>
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          <other otherDesc="Internal Identifier" value="420938"/>
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        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>IMPERIAL BRANDS PLC ORD GBP.1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <balance>2600000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CITIBANK NA</counterpartyName>
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                <issuerName>CITIBANK NA STRIKE 25.482 EXPIRES 04/09/21 USD CALL/MXN PUT</issuerName>
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      <invstOrSec>
        <name>Brazil Letras do Tesouro Nacional ZERO 04/01/2021</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazil Letras do Tesouro Nacional ZERO 04/01/2021</title>
        <cusip>000000000</cusip>
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          <isin value="BRSTNCLTN7P7"/>
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        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-04-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Sec ID" value="4511122697609"/>
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        <balance>1.00000000</balance>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>N/A</fairValLevel>
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              <counterpartyName>CITIBANK NA</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>GOLDMAN SACHS BANK USA STRIKE 30.3575 EXPIRES 06/09/21 USD Call/MXN Put *OTC*</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1079234"/>
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        <balance>-844000.00000000</balance>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN SACHS BANK USA HOLDINGS LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>GOLDMAN SACHS BANK USA STRIKE 30.3575 EXPIRES 06/09/21 USD Call/MXN Put *OTC*</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD_BRL_20200702</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="4789123449653"/>
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        <balance>1.00000000</balance>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMORGAN CHASE BANK NA</counterpartyName>
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      <invstOrSec>
        <name>INTER-AMERICAN DEVELOPMENT BANK 7.50% 12/05/2024</name>
        <lei>VKU1UKDS9E7LYLMACP54</lei>
        <title>INTER-AMERICAN DEVELOPMENT BANK 7.50% 12/05/2024</title>
        <cusip>U45818VJ4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="387889"/>
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        <balance>60000000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRAVIS PERKINS PLC ORD GBP.1</name>
        <lei>2138001I27OUBAF22K83</lei>
        <title>TRAVIS PERKINS PLC ORD GBP.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0007739609"/>
          <other otherDesc="Internal Identifier" value="261752"/>
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        <balance>393218.00000000</balance>
        <units>NS</units>
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        <valUSD>5482018.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>HSBC BANK PLC STRIKE 0.7465 EXPIRES 02/08/21 AUD Call/USD Put *OTC*</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1042491"/>
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        <balance>2017000.00000000</balance>
        <units>NC</units>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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                <issuerName>HSBC BANK PLC STRIKE 0.7465 EXPIRES 02/08/21 AUD Call/USD Put *OTC*</issuerName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JPY_USD_20200831</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="4449322538888"/>
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        <fairValLevel>N/A</fairValLevel>
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              <counterpartyName>CITIBANK NA</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JPMORGAN CHASE BANK NA STRIKE 24.9 EXPIRES 09/22/20 USD Call/MXN Put *OTC*</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="1075881"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMORGAN CHASE BANK NA</counterpartyName>
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                <issuerName>JPMORGAN CHASE BANK NA STRIKE 24.9 EXPIRES 09/22/20 USD Call/MXN Put *OTC*</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <expDt>2020-09-22</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-5034.22000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>Korea Treasury Bond 2% 12/10/2021</name>
        <lei>549300O0QCVSQGPGDT58</lei>
        <title>Korea Treasury Bond 2% 12/10/2021</title>
        <cusip>000000000</cusip>
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        <name>N/A</name>
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        <name>Korea Treasury Bond 1.375% 12/10/2029</name>
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        <name>ISUZU MOTORS LTD ORD JPY NPV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BAIDU INC ADR CLASS A</name>
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          <ticker value="BIDU"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAKEDA PHARMACEUTICAL CO LTD ORD JPY NPV</name>
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          <ticker value="4502"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <cusip>000000000</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD_BRL_20201002</title>
        <cusip>000000000</cusip>
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        <fairValLevel>N/A</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JPMORGAN CHASE BANK NA</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 25.0175 EXPIRES 09/02/20 USD Call/MXN Put *OTC*</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1075414"/>
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        <balance>909000.00000000</balance>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
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            <shareNo>1.00000000</shareNo>
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            <unrealizedAppr>1668.92000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>TOYOTA INDUSTRIES CORP ORD JPY NPV</name>
        <lei>35380000WKGEAHEMW830</lei>
        <title>TOYOTA INDUSTRIES CORP ORD JPY NPV</title>
        <cusip>J92628106</cusip>
        <identifiers>
          <ticker value="6201"/>
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        <balance>106400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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        <balance>-1905000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
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            <shareNo>1.00000000</shareNo>
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      <invstOrSec>
        <name>Mexico Cetes 07/16/2020 TBLM</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Cetes 07/16/2020 TBLM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXBIGO000PL9"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>UST</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ORD TWD10</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ORD TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <other otherDesc="Internal Identifier" value="47226"/>
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        <balance>827000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIBANK NA STRIKE 77.95 EXPIRES 10/22/20 AUD Call/JPY Put *OTC*</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="1087241"/>
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        <balance>5042000.00000000</balance>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD_BRL_20201104</title>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 0.695 EXPIRES 08/12/20 AUD Call/USD Put *OTC*</title>
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      <invstOrSec>
        <name>Mexico Cetes 09/24/2020 TBLM</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>KYOCERA CORP ORD JPY NPV</name>
        <lei>N/A</lei>
        <title>KYOCERA CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3249600002"/>
          <other otherDesc="Internal Identifier" value="31953"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>K2016470219 SA LTD 8.00% 12/31/2022 PIK A 144A</name>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal Sec ID" value="1018816"/>
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      <invstOrSec>
        <name>N/A</name>
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              <counterpartyName>BNP PARIBAS SA</counterpartyName>
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      <invstOrSec>
        <name>Korea Monetary Stabilization Bond 1.18% 08/02/2021</name>
        <lei>RVHOHKPBCJ2GSJ37YH94</lei>
        <title>Korea Monetary Stabilization Bond 1.18% 08/02/2021</title>
        <cusip>000000000</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-08-02</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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            <putOrCall>Put</putOrCall>
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            <shareNo>1.00000000</shareNo>
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            <unrealizedAppr>-46699.15000000</unrealizedAppr>
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      <invstOrSec>
        <name>United States Treasury Note/Bond 1.625% 10/31/2026</name>
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        <cusip>912828YQ7</cusip>
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          <maturityDt>2026-10-31</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <balance>-1504000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SEK_EUR_20200714</title>
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        <name>Mexican Bonos 7.25% 12/09/2021</name>
        <lei>254900EGTWEU67VP6075</lei>
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      <invstOrSec>
        <name>N/A</name>
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        <name>MEXICAN FIXED RATE BONDS 10.00% 12/05/2024</name>
        <lei>254900EGTWEU67VP6075</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>N/A</fairValLevel>
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        <name>N/A</name>
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        <invCountry>GH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>JPMORGAN CHASE BANK NA</counterpartyName>
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            <putOrCall>Put</putOrCall>
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                <issuerName>JPMORGAN CHASE BANK NA STRIKE 22.4975 EXPIRES 08/31/20 USD Put/MXN Call *OTC*</issuerName>
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            <shareNo>1.00000000</shareNo>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <balance>1.00000000</balance>
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        <fairValLevel>N/A</fairValLevel>
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            <amtCurSold>1287727.04000000</amtCurSold>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD_BRL_20200804</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="4901223755998"/>
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        <balance>1.00000000</balance>
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        <valUSD>-80279.90000000</valUSD>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
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            <amtCurSold>9528984.00000000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIBANK NA STRIKE 22.395 EXPIRES 09/17/20 USD Put/MXN Call *OTC*</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1071779"/>
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        <balance>-2748000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CITIBANK NA</counterpartyName>
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            <putOrCall>Put</putOrCall>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CITIBANK NA STRIKE 22.395 EXPIRES 09/17/20 USD Put/MXN Call *OTC*</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-15663.60000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JPY_USD_20200924</title>
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        <balance>1.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
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            <amtCurSold>6842496.05000000</amtCurSold>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SEK_EUR_20200916</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="4973323943017"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <pctVal>0.000951891411</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK AG</counterpartyName>
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            <amtCurSold>2374147.49000000</amtCurSold>
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            <settlementDt>2020-09-16</settlementDt>
            <unrealizedAppr>7054.18000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LETRA TESOURO NACIONAL 07/01/2020 STRIP COUPON</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>LETRA TESOURO NACIONAL 07/01/2020 STRIP COUPON</title>
        <cusip>P8T60MYA5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="653405"/>
        </identifiers>
        <balance>31194.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.42680000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Treasury Discount Bill 11/10/2020 TBLM</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Treasury Discount Bill 11/10/2020 TBLM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP1749051L50"/>
          <other otherDesc="Internal Identifier" value="1068645"/>
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        <currencyConditional curCd="JPY" exchangeRt="107.62000000"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITEDHEALTH GROUP INC COM USD0.01</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC COM USD0.01</title>
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          <ticker value="UNH"/>
          <other otherDesc="Internal Identifier" value="12365"/>
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        <balance>12680.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD_EUR_20200715</title>
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        <balance>1.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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              <counterpartyName>JPMORGAN CHASE BANK NA</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD_EUR_20200908</title>
        <cusip>000000000</cusip>
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        <fairValLevel>N/A</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>UBS AG</counterpartyName>
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            <amtCurSold>943744.00000000</amtCurSold>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>GOLDMAN SACHS BANK USA STRIKE 18.6467 EXPIRES 03/03/21 USD Put/MXN Call *OTC*</title>
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        <balance>884000.00000000</balance>
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        <valUSD>965.33000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS BANK USA HOLDINGS LLC</counterpartyName>
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            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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                <issuerName>GOLDMAN SACHS BANK USA STRIKE 18.6467 EXPIRES 03/03/21 USD Put/MXN Call *OTC*</issuerName>
                <issueTitle>GOLDMAN SACHS BANK USA STRIKE 18.6467 EXPIRES 03/03/21 USD Put/MXN Call *OTC*</issueTitle>
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            <shareNo>1.00000000</shareNo>
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            <expDt>2021-03-03</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-6898.73000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>HSBC BANK PLC STRIKE 0.7065 EXPIRES 01/22/21 AUD Call/USD Put *OTC*</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1065297"/>
        </identifiers>
        <balance>1009000.00000000</balance>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>HSBC BANK PLC STRIKE 0.7065 EXPIRES 01/22/21 AUD Call/USD Put *OTC*</issuerName>
                <issueTitle>HSBC BANK PLC STRIKE 0.7065 EXPIRES 01/22/21 AUD Call/USD Put *OTC*</issueTitle>
                <identifiers>
                  <other otherDesc="Internal Sec ID" value="1065297"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>0.70650000</exercisePrice>
            <exercisePriceCurCd>AUD</exercisePriceCurCd>
            <expDt>2021-01-22</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>10819.91000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TITULOS DE TESORERIA B 7.00% 05/04/2022</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>TITULOS DE TESORERIA B 7.00% 05/04/2022</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <balance>1.00000000</balance>
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        <fairValLevel>N/A</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>N/A</fairValLevel>
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              <counterpartyName>UBS AG</counterpartyName>
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      <invstOrSec>
        <name>GHANA GOVT 19.00% 11/02/2026</name>
        <lei>213800PP4399SNNXZ126</lei>
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        <cusip>V3R60FBX1</cusip>
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          <other otherDesc="Internal Identifier" value="663247"/>
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        <invCountry>GH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Mexico Cetes 02/25/2021 TBLM</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Cetes 02/25/2021 TBLM</title>
        <cusip>000000000</cusip>
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          <isin value="MXBIGO000PR6"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>KROGER CO COM USD1</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>KROGER CO COM USD1</title>
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          <ticker value="KR"/>
          <other otherDesc="Internal Identifier" value="19407"/>
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        <balance>214600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7264210.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 24.498 EXPIRES 01/14/21 USD Call/MXN Put *OTC*</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="1087253"/>
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        <balance>1052000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Sec ID" value="1068963"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CITIBANK NA</counterpartyName>
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      <invstOrSec>
        <name>JAPAN AIRLINES CO LTD ORD JPY NPV</name>
        <lei>3538002MH5L1QZZ93477</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Booking Holdings Inc COM USD.008</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>Booking Holdings Inc COM USD.008</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>AMADEUS IT GROUP SA ORD EUR.01</name>
        <lei>9598004A3FTY3TEHHN09</lei>
        <title>AMADEUS IT GROUP SA ORD EUR.01</title>
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          <isin value="ES0109067019"/>
          <other otherDesc="Internal Identifier" value="471972"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIBANK NA STRIKE 22.7105 EXPIRES 04/09/21 USD Put/MXN Call *OTC*</title>
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      <invstOrSec>
        <name>PERSIMMON PLC ORD GBP.1</name>
        <lei>213800XI72Y57UWN6F31</lei>
        <title>PERSIMMON PLC ORD GBP.1</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIBANK NA STRIKE 22.9955 EXPIRES 09/03/20 USD Call/MXN Put</title>
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        <balance>-2761000.00000000</balance>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
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        <name>NXP SEMICONDUCTORS NV ORD USD NPV</name>
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          <ticker value="NXPI"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>LIVANOVA PLC ORD USD1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>N/A</fairValLevel>
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              <counterpartyName>UBS AG</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <cusip>000000000</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>GOLDMAN SACHS BANK USA HOLDINGS LLC</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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              <counterpartyName>JPMORGAN CHASE BANK NA</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 0.7669 EXPIRES 05/12/21 AUD CALL/USD PUT</title>
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        <balance>2719000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Korea Treasury Bond 1.875% 03/10/2024</name>
        <lei>549300O0QCVSQGPGDT58</lei>
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        <cusip>000000000</cusip>
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          <isin value="KR103501G935"/>
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        <balance>2205000000.00000000</balance>
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        <issuerCat>UST</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-03-10</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIBANK NA STRIKE 26.7153 EXPIRES 11/09/20 USD Call/MXN Put *OTC*</title>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD_KRW_20200729</title>
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          <other otherDesc="Internal Sec ID" value="4871823683505"/>
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        <balance>1.00000000</balance>
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        <valUSD>-84168.45000000</valUSD>
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        <name>GHANA GOVT 24.00% 11/23/2020</name>
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        <name>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</name>
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        <name>N/A</name>
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        <name>HOUSING DEVELOPMENT FINANCE CORP LTD ORD INR2 (DEMAT)</name>
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        <name>KIRIN HOLDINGS CO LTD ORD JPY NPV</name>
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        <name>N/A</name>
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        <name>SUMITOMO METAL MINING CO LTD ORD JPY NPV</name>
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        <name>N/A</name>
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        <name>GHANA GOVT 18.25% 07/25/2022</name>
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        <name>N/A</name>
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        <name>ORACLE CORP COM USD0.01</name>
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        <name>Japan Treasury Discount Bill 09/10/2020 TBLM</name>
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        <name>Argentina Treasury Bond BONCER 1.1% 04/17/2021 INDEX LINKED</name>
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        <name>INDONESIA GOVERNMENT 8.375% 03/15/2024</name>
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        <name>MEDTRONIC PLC ORD USD.1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>F5 NETWORKS INC COM USD1</name>
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          <ticker value="FFIV"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CITIBANK NA</counterpartyName>
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        <name>N/A</name>
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        <fairValLevel>N/A</fairValLevel>
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              <counterpartyName>UBS AG</counterpartyName>
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        <name>Mexico Cetes 10/22/2020 TBLM</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TITULOS DE TESORERIA B 7.50% 08/26/2026</name>
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        <cusip>P3107FAR6</cusip>
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          <other otherDesc="Internal Identifier" value="627609"/>
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        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-26</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>N/A</fairValLevel>
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NOK_USD_20200924</title>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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              <counterpartyName>DEUTSCHE BANK AG</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIBANK NA STRIKE 81 EXPIRES 04/29/21 AUD Call/JPY Put *OTC*</title>
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          <other otherDesc="Internal Sec ID" value="1081212"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CITIBANK NA</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>CITIBANK NA STRIKE 81 EXPIRES 04/29/21 AUD Call/JPY Put *OTC*</issuerName>
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            <shareNo>1.00000000</shareNo>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ISHARES MSCI JAPAN ETF STRIKE 41 EXPIRES 09/18/20 PUTS</title>
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          <ticker value="EWJ 9 P41"/>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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                <issuerName>ISHARES MSCI JAPAN ETF STRIKE 41 EXPIRES 09/18/20 PUTS</issuerName>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Sec ID" value="1058811"/>
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      <invstOrSec>
        <name>UNITED STATES TREASURY NOTE/BOND 1.625% 02/15/2026</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912828P46</cusip>
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          <other otherDesc="Internal Identifier" value="626739"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>GOLDMAN SACHS BANK USA STRIKE 22.9405 EXPIRES 07/31/20 USD Call/MXN Put *OTC*</title>
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        <balance>-2702000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD_BRL_20201104</title>
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        <name>N/A</name>
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        <name>Letras De La Nacion Argentina Con Ajuste Por CER ZERO 12/04/2020 INDEX LINKED 804620</name>
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        <name>SIEMENS AG ORD EUR NPV - REGISTERED</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>Bonos del Tesoro Nacional en Pesos Badlar FRN 04/03/2022</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>N/A</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>VISA INC COM USD NPV CL A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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            <putOrCall>Call</putOrCall>
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                <issuerName>CITIBANK NA STRIKE 27.4496 EXPIRES 04/28/21 USD Call/MXN Put *OTC*</issuerName>
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            </descRefInstrmnt>
            <shareNo>2.00000000</shareNo>
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            <unrealizedAppr>-215078.96000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="1050351"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN SACHS BANK USA HOLDINGS LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>GOLDMAN SACHS BANK USA STRIKE 20.6215 EXPIRES 03/03/21 USD Call/MXN Put *OTC*</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <unrealizedAppr>82955.44000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1073239"/>
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        <balance>3656000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 0.653 EXPIRES 12/18/20 AUD Put/USD Call *OTC*</issuerName>
                <issueTitle>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 0.653 EXPIRES 12/18/20 AUD Put/USD Call *OTC*</issueTitle>
                <identifiers>
                  <other otherDesc="Internal Sec ID" value="1073239"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
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            <exercisePriceCurCd>AUD</exercisePriceCurCd>
            <expDt>2020-12-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-46622.70000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD_MXN_20201013</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="4513922707065"/>
        </identifiers>
        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108529.33000000</valUSD>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>CITIBANK NA</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
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            <amtCurSold>19868000.00000000</amtCurSold>
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            <amtCurPur>961376.55000000</amtCurPur>
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            <settlementDt>2020-10-13</settlementDt>
            <unrealizedAppr>108529.33000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIBANK NA STRIKE 21.197 EXPIRES 04/09/21 USD Put/MXN Call *OTC*</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1060005"/>
        </identifiers>
        <balance>2837000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>31519.07000000</valUSD>
        <pctVal>0.004253184926</pctVal>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CITIBANK NA</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CITIBANK NA STRIKE 21.197 EXPIRES 04/09/21 USD Put/MXN Call *OTC*</issuerName>
                <issueTitle>CITIBANK NA STRIKE 21.197 EXPIRES 04/09/21 USD Put/MXN Call *OTC*</issueTitle>
                <identifiers>
                  <other otherDesc="Internal Sec ID" value="1060005"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>2.00000000</shareNo>
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            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-04-09</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>4622.49000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEXICAN FIXED RATE BONDS 8.00% 12/07/2023</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEXICAN FIXED RATE BONDS 8.00% 12/07/2023</title>
        <cusip>P9767GWU1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="451483"/>
        </identifiers>
        <balance>327300.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="23.08950000"/>
        <valUSD>1570632.60000000</valUSD>
        <pctVal>0.211941243789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON TELEVISION HOLDINGS INC ORD JPY NPV</name>
        <lei>N/A</lei>
        <title>NIPPON TELEVISION HOLDINGS INC ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3732200005"/>
          <other otherDesc="Internal Identifier" value="47339"/>
        </identifiers>
        <balance>434600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.62000000"/>
        <valUSD>4707142.36000000</valUSD>
        <pctVal>0.635182032049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>HSBC BANK PLC STRIKE 0.7415 EXPIRES 02/10/21 AUD Call/USD Put *OTC*</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1043324"/>
        </identifiers>
        <balance>2420000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.45687650"/>
        <valUSD>14199.98000000</valUSD>
        <pctVal>0.001916146031</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
              <counterpartyLei>MP6I5ZYZBEU3UXPYFY54</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>HSBC BANK PLC STRIKE 0.7415 EXPIRES 02/10/21 AUD Call/USD Put *OTC*</issuerName>
                <issueTitle>HSBC BANK PLC STRIKE 0.7415 EXPIRES 02/10/21 AUD Call/USD Put *OTC*</issueTitle>
                <identifiers>
                  <other otherDesc="Internal Sec ID" value="1043324"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
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            <exercisePriceCurCd>AUD</exercisePriceCurCd>
            <expDt>2021-02-10</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>8986.96000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIA GOVERNMENT BOND 7.16% 05/20/2023</name>
        <lei>N/A</lei>
        <title>INDIA GOVERNMENT BOND 7.16% 05/20/2023</title>
        <cusip>Y39157FR1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="584513"/>
        </identifiers>
        <balance>83000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="INR" exchangeRt="75.51000000"/>
        <valUSD>1175957.69000000</valUSD>
        <pctVal>0.158683791143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.16000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARGENTINE BONOS DEL TESORO 18.20% 10/03/2021</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>ARGENTINE BONOS DEL TESORO 18.20% 10/03/2021</title>
        <cusip>P8S090LT1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="647124"/>
        </identifiers>
        <balance>193279000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ARS" exchangeRt="106.16410000"/>
        <valUSD>1404361.89000000</valUSD>
        <pctVal>0.189504665633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-03</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD_EUR_20201013</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="4513722705121"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-9296.13000000</valUSD>
        <pctVal>-0.00125442026</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="cash or currency" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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            <amtCurSold>3767000.00000000</amtCurSold>
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            <amtCurPur>4233128.58000000</amtCurPur>
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            <settlementDt>2020-10-13</settlementDt>
            <unrealizedAppr>-9296.13000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDONESIA GOVERNMENT 12.90% 06/15/2022</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDONESIA GOVERNMENT 12.90% 06/15/2022</title>
        <cusip>Y39814DM0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="356968"/>
        </identifiers>
        <balance>10168000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="IDR" exchangeRt="14245.00000000"/>
        <valUSD>808661.04000000</valUSD>
        <pctVal>0.109120762310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.90000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>E.ON SE ORD EUR NPV</name>
        <lei>Q9MAIUP40P25UFBFG033</lei>
        <title>E.ON SE ORD EUR NPV</title>
        <cusip>D24914133</cusip>
        <identifiers>
          <ticker value="EOAN"/>
          <other otherDesc="Internal Identifier" value="54491"/>
        </identifiers>
        <balance>831401.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88995680"/>
        <valUSD>9383751.67000000</valUSD>
        <pctVal>1.266243932761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARGENTINE BONOS DEL TESORO 16.00% 10/17/2023</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>ARGENTINE BONOS DEL TESORO 16.00% 10/17/2023</title>
        <cusip>P8S090LV6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="648397"/>
        </identifiers>
        <balance>298989000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ARS" exchangeRt="106.16410000"/>
        <valUSD>1500249.78000000</valUSD>
        <pctVal>0.202443782439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>16.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>HSBC BANK PLC STRIKE 0.625 EXPIRES 01/27/21 AUD PUT/USD CALL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1041221"/>
        </identifiers>
        <balance>-1334000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.45687650"/>
        <valUSD>-8714.92000000</valUSD>
        <pctVal>-0.00117599175</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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        <name>SONY CORP ORD JPY NPV</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>TOKYO BROADCASTING SYSTEM HOLDINGS INC ORD JPY NPV</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>BAYER AG ORD EUR NPV *REGISTERED SHARES*</name>
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          <ticker value="BAYN"/>
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        <name>N/A</name>
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      <invstOrSec>
        <name>MEXICAN FIXED RATE BONDS 6.50% 06/09/2022</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>AIA GROUP LTD ORD USD1 (HKE)</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <balance>1.00000000</balance>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>CITIBANK NA</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
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            <amtCurSold>17534250.00000000</amtCurSold>
            <curSold>AUD</curSold>
            <amtCurPur>1341808481.00000000</amtCurPur>
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            <unrealizedAppr>335622.23000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>HSBC BANK PLC STRIKE 0.6732 EXPIRES 01/22/21 AUD Call/USD Put *OTC*</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Sec ID" value="1065296"/>
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        <balance>-3128000.00000000</balance>
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        <valUSD>-105090.76000000</valUSD>
        <pctVal>-0.01418095255</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>HSBC BANK PLC STRIKE 0.6732 EXPIRES 01/22/21 AUD Call/USD Put *OTC*</issuerName>
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                  <other otherDesc="Internal Sec ID" value="1065296"/>
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              </otherRefInst>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-70546.16000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Treasury Discount Bill 08/11/2020 TBLM</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Treasury Discount Bill 08/11/2020 TBLM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP1749061L58"/>
          <other otherDesc="Internal Identifier" value="1068732"/>
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        <balance>758350000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="107.62000000"/>
        <valUSD>7024600.07000000</valUSD>
        <pctVal>0.947899894575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1077784"/>
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        <balance>2017000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.45687650"/>
        <valUSD>20050.65000000</valUSD>
        <pctVal>0.002705635741</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 0.6682 EXPIRES 10/28/20 AUD Put/USD Call *OTC*</issuerName>
                <issueTitle>MORGAN STANLEY CAPITAL SERVICES LLC STRIKE 0.6682 EXPIRES 10/28/20 AUD Put/USD Call *OTC*</issueTitle>
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                  <other otherDesc="Internal Sec ID" value="1077784"/>
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            <shareNo>1.00000000</shareNo>
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            <expDt>2020-10-28</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>3127.54000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIBANK NA STRIKE 25.4327 EXPIRES 12/07/20 USD Call/MXN Put *OTC*</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1076188"/>
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        <balance>-1101000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-21914.30000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CITIBANK NA</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CITIBANK NA STRIKE 25.4327 EXPIRES 12/07/20 USD Call/MXN Put *OTC*</issuerName>
                <issueTitle>CITIBANK NA STRIKE 25.4327 EXPIRES 12/07/20 USD Call/MXN Put *OTC*</issueTitle>
                <identifiers>
                  <other otherDesc="Internal Sec ID" value="1076188"/>
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            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>25.43270000</exercisePrice>
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            <expDt>2020-12-07</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-10382.43000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="1076161"/>
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        <balance>-2600000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-55655.60000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CITIBANK NA</counterpartyName>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
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                <issuerName>CITIBANK NA STRIKE 27.242 EXPIRES 04/09/21 USD Call/MXN Put *OTC*</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-21286.20000000</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>9128285S5</cusip>
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        <balance>4474.09000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4474.09000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
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          <isTriParty>Y</isTriParty>
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      </invstOrSec>
      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912803AY9</cusip>
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        <balance>1955.60000000</balance>
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        <valUSD>1955.60000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>9128285P1</cusip>
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        <valUSD>141781.56000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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        <securityLending>
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      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912833LE8</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912803AU7</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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            <counterpartyInfos>
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          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.00065033</repurchaseRt>
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          <repurchaseCollaterals>
            <repurchaseCollateral>
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              <invstCat>UST</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912810EH7</cusip>
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        <balance>3.71000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3.71000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.00065033</repurchaseRt>
          <maturityDt>2020-07-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>3.71000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>3.78000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>9128286M7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="9128286M7"/>
        </identifiers>
        <balance>11483933.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11483933.14000000</valUSD>
        <pctVal>1.549642528292</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="2J5703FH5U5M97R1I237" name="BNP Paribas Securities Corp."/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.00065033</repurchaseRt>
          <maturityDt>2020-07-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>11483933.13593280</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>11732195.77450730</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADAS</name>
        <lei>N/A</lei>
        <title>GINNIE MAE</title>
        <cusip>3617NN5K4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="3617NN5K4"/>
        </identifiers>
        <balance>111341.10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>111341.10000000</valUSD>
        <pctVal>0.015024373757</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="CYYGQCGNHMHPSMRL3R97" name="HSBC Securities (USA) Inc."/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.00065033</repurchaseRt>
          <maturityDt>2020-07-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>111341.09785554</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>113567.91981266</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>ADAS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912833LK4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912833LK4"/>
        </identifiers>
        <balance>2707.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2707.34000000</valUSD>
        <pctVal>0.000365328598</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.00065033</repurchaseRt>
          <maturityDt>2020-07-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2707.34000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>2761.49000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912834EP9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912834EP9"/>
        </identifiers>
        <balance>1802647.76000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1802647.76000000</valUSD>
        <pctVal>0.243249381407</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="CYYGQCGNHMHPSMRL3R97" name="HSBC Securities (USA) Inc."/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.00065033</repurchaseRt>
          <maturityDt>2020-07-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1802647.75813326</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1838700.71329592</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912828V80</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912828V80"/>
        </identifiers>
        <balance>73147.02000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73147.02000000</valUSD>
        <pctVal>0.009870462639</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.00065033</repurchaseRt>
          <maturityDt>2020-07-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>73147.02000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>74609.98000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912828ZX1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912828ZX1"/>
        </identifiers>
        <balance>68159.62000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68159.62000000</valUSD>
        <pctVal>0.009197462626</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.00065033</repurchaseRt>
          <maturityDt>2020-07-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>68159.62000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>69522.83000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UST</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912828Y87</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912828Y87"/>
        </identifiers>
        <balance>3154586.97000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3154586.97000000</valUSD>
        <pctVal>0.425680127906</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="9J6MBOOO7BECTDTUZW19" name="Deutsche Bank Securities Inc."/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.00065033</repurchaseRt>
          <maturityDt>2020-07-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>3154586.96807835</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>3217679.89807880</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
