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        <name>C/O HOMEX OCT22 0.01</name>
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        <name>US TREAS NTS 0.125% 10/31/22</name>
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        <name>JETBLUE 2019-1  2.75% 05/15/32</name>
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        <name>SEMT 2021-3 B1 V/R 12/31/21</name>
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        <name>STACR 2020-DNA2  V/R 02/25/50</name>
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        <name>CAS 2020-SBT1 1M V/R 02/25/40</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GNR 2019-121 SA V/R 10/20/49</name>
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          <isin value="US38382AAB17"/>
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        <fairValLevel>2</fairValLevel>
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        <name>UMBS P#CA3805 3% 07/01/49</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA P#594118 6% 09/15/33</name>
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        <name>JPMMT 2021-INV1  V/R 10/25/51</name>
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      <invstOrSec>
        <name>ALTA WIND HOLD 7% 06/30/35</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>NRG ENERGY INC 4.45% 06/15/29</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG ENERGY INC REGD 144A P/P 4.45000000</title>
        <cusip>629377CL4</cusip>
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            <dbtSecRefInstrument>
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              <title>VERINT SYSTEMS INC</title>
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      <invstOrSec>
        <name>FNMA TBA 15YR 2.0% JUN 21</name>
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      <invstOrSec>
        <name>UNITED AIRLINE 4.375% 04/15/26</name>
        <lei>N/A</lei>
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          <isin value="US90932LAG23"/>
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      <invstOrSec>
        <name>T/L STAPLES INC 0% 09/12/24</name>
        <lei>N/A</lei>
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          <isin value="US855031AR17"/>
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        <valUSD>14516.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>COMM 2015-DC1 B V/R 01/10/25</name>
        <lei>N/A</lei>
        <title>COMM 2015-DC1 MORTGAGE TRUST SER 2015-DC1 CL B V/R REGD 4.03500000</title>
        <cusip>12629NAJ4</cusip>
        <identifiers>
          <isin value="US12629NAJ46"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80329.85000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-10</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>GNMA P#615243 6% 06/15/33</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#615243 6.00000000</title>
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        <identifiers>
          <isin value="US36290RP494"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1064.90000000</valUSD>
        <pctVal>0.002369206623</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>HIGHWOODS REAL 4.125% 03/15/28</name>
        <lei>N/A</lei>
        <title>HIGHWOODS REALTY LP REGD 4.12500000</title>
        <cusip>431282AQ5</cusip>
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          <isin value="US431282AQ55"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50447.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STACR 2018-HQA2  V/R 10/25/48</name>
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          <isin value="US35563XBD30"/>
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      <invstOrSec>
        <name>BOEING CO 3.75% 02/01/50</name>
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        <title>BOEING CO REGD 3.75000000</title>
        <cusip>097023CQ6</cusip>
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          <isin value="US097023CQ64"/>
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        <balance>237000.00000000</balance>
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        <valUSD>244436.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STACR 2021-HQA1  V/R 08/25/33</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC STACR REMIC TRUST 2021-HQA1 SER 2021-HQA1 CL B2 V/R REGD 144A P/P 5.01800000</title>
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          <isin value="US35564KCP21"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQT CORP 3.125% 05/15/26</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
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        <cusip>26884LAM1</cusip>
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          <isin value="US26884LAM19"/>
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        <name>SLG 2021-OVA F 2.85% 07/15/31</name>
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      <invstOrSec>
        <name>PAR PHARMACEUTIC 7.5% 04/01/27</name>
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          <isin value="US69888XAA72"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>IVORY COA 5.875% 10/17/31/EUR/</name>
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        <title>IVORY COAST /EUR/ REGD 144A P/P 5.87500000</title>
        <cusip>N/A</cusip>
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          <isin value="XS2064786838"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>CI</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>UMBS P#AL5543 4.5% 06/01/44</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#AL5543 4.50000000</title>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>F/C US 10YR ULTRA FUT SEP21</name>
        <lei>N/A</lei>
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          <ticker value="UXYU1XCBT"/>
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        <curCd>USD</curCd>
        <valUSD>-1766437.50000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MARKETS LIMIT</counterpartyName>
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            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MARKETS LIMIT</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>F/C US 10YR ULTRA FUT SEP21</issuerName>
                <issueTitle>US 10YR ULTRA FUT SEP21</issueTitle>
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                  <ticker value="UXYU1XCBT"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2021-09-21</expDate>
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            <curCd>USD</curCd>
            <unrealizedAppr>-6671.87000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PETROLEOS MEXI 6.875% 10/16/25</name>
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        <title>PETROLEOS MEXICANOS REGD 144A P/P 6.87500000</title>
        <cusip>71654QDG4</cusip>
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          <isin value="US71654QDG47"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27675.00000000</valUSD>
        <pctVal>0.061571784491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HESS MIDSTREAM 5.125% 06/15/28</name>
        <lei>N/A</lei>
        <title>HESS MIDSTREAM OPERATION REGD 144A P/P 5.12500000</title>
        <cusip>428104AA1</cusip>
        <identifiers>
          <isin value="US428104AA14"/>
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        <balance>30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31462.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS US247361ZJ00 05.000 SP 12/20/2025 CHASUS33 LONG</title>
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        <identifiers>
          <other otherDesc="CLIENT ID" value="CDX995456"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>9951.48000000</valUSD>
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        <assetCat>DCR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JP MORGAN MORGAN SECURITIES LL</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>DELTA AIR LINE 3.625% 03/15/22</issuerName>
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                  <cusip value="247361ZJ0"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.00000000"/>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
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            <upfrontPmnt>-70000.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>74363.08000000</upfrontRcpt>
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            <notionalAmt>70000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>3974.52000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNR 2019-128 IB 3.5% 10/20/49</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2019-128 CL IB 3.50000000</title>
        <cusip>38382AFF7</cusip>
        <identifiers>
          <isin value="US38382AFF75"/>
        </identifiers>
        <balance>397583.34000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51807.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEWS CORP 3.875% 05/15/29</name>
        <lei>549300ITS31QK8VRBQ14</lei>
        <title>NEWS CORP REGD 144A P/P 3.87500000</title>
        <cusip>65249BAA7</cusip>
        <identifiers>
          <isin value="US65249BAA70"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25250.00000000</valUSD>
        <pctVal>0.056176605542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA II P#BG7415 4% 04/20/48</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#BG7415 4.00000000</title>
        <cusip>3617GSGY9</cusip>
        <identifiers>
          <isin value="US3617GSGY94"/>
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        <balance>17623.27000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19309.24000000</valUSD>
        <pctVal>0.042959507279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>FREMF 2018-KW04  V/R 09/25/28</name>
        <lei>N/A</lei>
        <title>FREMF 2018-KW04 TRUST SER 2018-KW04 CL B V/R 144A P/P 4.04503900</title>
        <cusip>30296MAE1</cusip>
        <identifiers>
          <isin value="US30296MAE12"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52393.88000000</valUSD>
        <pctVal>0.116566745727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.04503900</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>FNMA 30YR TBA 3.0% JUL21</name>
        <lei>N/A</lei>
        <title>FNMA 30YR TBA 3.0% JUL21       TO BE ANNOUNCED 3.00000000</title>
        <cusip>01F030678</cusip>
        <identifiers>
          <isin value="US01F0306781"/>
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        <balance>900000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>938355.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>GNR 2009-83 EB 4.5% 09/20/39</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2009-83 CL EB 4.50000000</title>
        <cusip>38376CAG4</cusip>
        <identifiers>
          <isin value="US38376CAG42"/>
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        <balance>18140.63000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20398.71000000</valUSD>
        <pctVal>0.045383377633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAISER ALUMINUM  4.5% 06/01/31</name>
        <lei>N/A</lei>
        <title>KAISER ALUMINUM CORP REGD 144A P/P 4.50000000</title>
        <cusip>483007AL4</cusip>
        <identifiers>
          <isin value="US483007AL48"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25638.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNR 2019-110 PI 3.5% 09/20/49</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2019-110 CL PI 3.50000000</title>
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        <identifiers>
          <isin value="US38381YWF77"/>
        </identifiers>
        <balance>209358.55000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17058.93000000</valUSD>
        <pctVal>0.037952981449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FGLMC P#Q37291 3.5% 11/01/45</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#Q37291 3.50000000</title>
        <cusip>3132QUC50</cusip>
        <identifiers>
          <isin value="US3132QUC508"/>
        </identifiers>
        <balance>30419.52000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32736.06000000</valUSD>
        <pctVal>0.072831712065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="ISO country code not reported for forwards, swaps or supranationals." noteItem="C.5.a"/>
      <explntrNote note="Currency code CNY is reflective of both onshore and offshore Yuan" noteItem="C.2.b"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Pioneer Variable Contracts Trust /MA/</ncom:nameOfApplicant>
      <ncom:signature>Anthony J. Koenig, Jr.</ncom:signature>
      <ncom:signerName>Anthony J. Koenig, Jr.</ncom:signerName>
      <ncom:title>Treasurer and Chief Accounting and Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
