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        <name>JPMMT 2021-7 B2 V/R 11/25/51</name>
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        <name>BRITISH AIR 20 8.375% 11/15/28</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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        <name>TPMT 2015-6 B1 V/R 09/25/29</name>
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        <name>UMBS P#AS5567 3.5% 08/01/45</name>
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      <invstOrSec>
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        <lei>529900YLDW34GJAO4J06</lei>
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        <name>FGLMC P#G01355 6.5% 02/01/32</name>
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        <name>FGLMC P#C01623 5.5% 09/01/33</name>
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        <name>BMIR 2020-3A M1C V/R 10/25/30</name>
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        <name>FGLMC P#Q41024 3% 06/01/46</name>
        <lei>N/A</lei>
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        <lei>N/A</lei>
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        <valUSD>4683.90000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <name>STACR 2020-HQA4  V/R 09/25/50</name>
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          <isin value="US23311VAF40"/>
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        <name>CGCMT 2014-GC25  V/R 10/10/24</name>
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      </invstOrSec>
      <invstOrSec>
        <name>PATTERN ENERGY O 4.5% 08/15/28</name>
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        <curCd>USD</curCd>
        <valUSD>41408.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>GNR 2017-21 IO V/R 10/16/58</name>
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        <cusip>38379U5F9</cusip>
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          <isin value="US38379U5F92"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>FREMF 2014-KF05  V/R 09/25/21</name>
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        <cusip>30292FAA8</cusip>
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          <isin value="US30292FAA84"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BJ5251 3.5% 12/01/47</name>
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        <cusip>3140H6ZR3</cusip>
        <identifiers>
          <isin value="US3140H6ZR39"/>
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        <valUSD>149854.79000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA II 30 YR TBA 2% JULY 21</name>
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        <cusip>21H020675</cusip>
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          <isin value="US21H0206753"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>GNR 2019-159 CI 3.5% 12/20/49</name>
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          <isin value="US38382BHB27"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PHILLIPS 66 PAR 3.75% 03/01/28</name>
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          <isin value="US718549AF57"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ATKORE INC 4.25% 06/01/31</name>
        <lei>52990002TI38AM4RPV48</lei>
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        <cusip>047649AA6</cusip>
        <identifiers>
          <isin value="US047649AA63"/>
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        <balance>70000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70896.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MVWOT 2020-1A  4.21% 03/20/28</name>
        <lei>N/A</lei>
        <title>MVW 2020-1 LLC SER 2020-1A CL C REGD 144A P/P 4.21000000</title>
        <cusip>55400EAC3</cusip>
        <identifiers>
          <isin value="US55400EAC30"/>
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        <balance>115160.94000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>121966.44000000</valUSD>
        <pctVal>0.066448056874</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.21000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STANDARD INDUS 4.375% 07/15/30</name>
        <lei>N/A</lei>
        <title>STANDARD INDUSTRIES INC REGD 144A P/P 4.37500000</title>
        <cusip>853496AG2</cusip>
        <identifiers>
          <isin value="US853496AG21"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128906.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>FGLMC P#J05288 7% 08/01/22</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#J05288 7.00000000</title>
        <cusip>3128PG2V4</cusip>
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          <isin value="US3128PG2V40"/>
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        <valUSD>111.92000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>UMBS P#FM1637 4.5% 05/01/49</name>
        <lei>N/A</lei>
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        <cusip>3140X4ZB5</cusip>
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          <isin value="US3140X4ZB51"/>
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        <balance>145799.57000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>AMERICAN AIRLINE 5.5% 04/20/26</name>
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          <isin value="US00253XAA90"/>
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        <valUSD>58231.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA II P#2689 6.5% 12/20/28</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#2689 6.50000000</title>
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          <isin value="US36202C7A57"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA P#667454 6% 11/1/32_</name>
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          <couponKind>Fixed</couponKind>
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        <name>AFRICA FINANCE 4.375% 04/17/26</name>
        <lei>213800LXFHRRXIJRXW97</lei>
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        <cusip>00830YAC5</cusip>
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          <isin value="US00830YAC57"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402693.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA 30YR TBA 4.5% JUL 21</name>
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        <title>FNMA 30YR TBA 4.5% JUL 21      TO BE ANNOUNCED 4.50000000</title>
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          <isin value="US01F0426738"/>
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        <title>UNITED MEXICAN STATES REGD 4.60000000</title>
        <cusip>91087BAD2</cusip>
        <identifiers>
          <isin value="US91087BAD29"/>
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        <balance>475000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>509551.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENERGY TRANSFER 5.35% 05/15/45</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP REGD 5.35000000</title>
        <cusip>86765BAQ2</cusip>
        <identifiers>
          <isin value="US86765BAQ23"/>
        </identifiers>
        <balance>224000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>259275.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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>FGLMC P#A90390 5% 12/01/39</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC GOLD POOL P#A90390 5.00000000</title>
        <cusip>312938NF6</cusip>
        <identifiers>
          <isin value="US312938NF61"/>
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        <balance>12892.80000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14803.77000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>145000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>152068.75000000</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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAS 2019-R03 1M2 V/R 09/25/31</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES TRUST 2019-R03 SER 2019-R03 CL 1M2 V/R REGD 144A P/P 2.24150000</title>
        <cusip>20753MAF5</cusip>
        <identifiers>
          <isin value="US20753MAF59"/>
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        <balance>48436.40000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48781.52000000</valUSD>
        <pctVal>0.026576468210</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.24150000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>70000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70700.00000000</valUSD>
        <pctVal>0.038517789164</pctVal>
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        <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>
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        <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>52869.82000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57927.74000000</valUSD>
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        <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>
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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>GNMA P#552514 6.5% 04/15/32</name>
        <lei>N/A</lei>
        <title>GINNIE MAE I POOL P#552514 6.50000000</title>
        <cusip>36213EYK6</cusip>
        <identifiers>
          <isin value="US36213EYK62"/>
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        <balance>313.77000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>353.60000000</valUSD>
        <pctVal>0.000192643426</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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>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>5300000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5525871.11000000</valUSD>
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        <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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51277.00000000</valUSD>
        <pctVal>0.027936020862</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FGLMC P#Q37291 3.5% 11/01/45</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US3132QUC508"/>
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        <balance>183784.60000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197780.37000000</valUSD>
        <pctVal>0.107751946146</pctVal>
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        <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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MDPK 2019-36A E V/R 01/15/33</name>
        <lei>N/A</lei>
        <title>MADISON PARK FUNDING XXXVI LTD SER 2019-36A CL E V/R REGD 144A P/P 7.43375000</title>
        <cusip>55819NAA2</cusip>
        <identifiers>
          <isin value="US55819NAA28"/>
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        <balance>250000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>250233.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Variable</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>T/L VERINT SYSTEMS 0% 6/28/24</name>
        <lei>N/A</lei>
        <title>T/L VERINT SYSTEMS INC REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX171102"/>
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        <balance>16685.17000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16622.60000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.08550000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <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>
