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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRK TRUST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CONNECTICUT AVENUE SECURITIES</name>
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          <isin value="US20754AAB98"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SBNA AUTO LEASE TRUST</name>
        <lei>N/A</lei>
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          <isin value="US78398DAB38"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>STAR TRUST</name>
        <lei>N/A</lei>
        <title>STAR 2024-SFR4 TRUST STAR 2024-SFR4 A</title>
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          <isin value="US85520AAA79"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>GCAT TRUST</name>
        <lei>N/A</lei>
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          <isin value="US36166RAA23"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>VOLKSWAGEN GROUP OF AMERICA FINANCE, LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
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          <isin value="US928668BL58"/>
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        <balance>695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>682851.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-24</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AVIS BUDGET RENTAL CAR FUNDING</name>
        <lei>N/A</lei>
        <title>AVIS BUDGET RENTAL CAR FUNDING AESOP LLC AESOP 2020-2A A</title>
        <cusip>05377RDY7</cusip>
        <identifiers>
          <isin value="US05377RDY71"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>817679.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.02000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP 4.623000% 05/09/2029</title>
        <cusip>06051GMT3</cusip>
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          <isin value="US06051GMT30"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62300000</annualizedRt>
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        <name>STAR TRUST</name>
        <lei>N/A</lei>
        <title>STAR 2025-SFR5 TRUST STAR 2025-SFR5 A</title>
        <cusip>85520CAA3</cusip>
        <identifiers>
          <isin value="US85520CAA36"/>
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        <balance>720000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>VOYA CLO</name>
        <lei>N/A</lei>
        <title>VOYA CLO 2018-3 LTD VOYA 2018-3A A1R2</title>
        <cusip>92917KAQ7</cusip>
        <identifiers>
          <isin value="US92917KAQ76"/>
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        <balance>810082.73000000</balance>
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        <curCd>USD</curCd>
        <valUSD>810030.88000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>HYUNDAI AUTO LEASE SECURITIZATION TRUST</name>
        <lei>N/A</lei>
        <title>HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-B HALST 2025-B A2A</title>
        <cusip>44935DAB5</cusip>
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          <isin value="US44935DAB55"/>
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        <balance>320000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>SECURITIZED TERM AUTO RECEIVABLES TRUST</name>
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        <title>SECURITIZED TERM AUTO RECEIVABLES TRUST SSTRT 2025-A C</title>
        <cusip>81378RAC8</cusip>
        <identifiers>
          <isin value="US81378RAC88"/>
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        <balance>569399.01000000</balance>
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        <curCd>USD</curCd>
        <valUSD>571550.09000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.18500000</annualizedRt>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG 4.550000% 04/17/2026</title>
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          <isin value="US902613BB36"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>749736.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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      <invstOrSec>
        <name>PARAGON MORTGAGES PLC</name>
        <lei>N/A</lei>
        <title>PARAGON MORTGAGES NO 12 PLC PARGN 12A A2C</title>
        <cusip>69913BAB2</cusip>
        <identifiers>
          <isin value="US69913BAB27"/>
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        <balance>42107.53000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41730.37000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.77354960</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRESTIGE AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>PRESTIGE AUTO RECEIVABLES TRUST 2025-1 PART 2025-1A A1</title>
        <cusip>74113UAA0</cusip>
        <identifiers>
          <isin value="US74113UAA07"/>
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        <balance>851994.24000000</balance>
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        <curCd>USD</curCd>
        <valUSD>852065.21000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.66800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2022-2 SDART 2022-2 C</title>
        <cusip>80286MAE8</cusip>
        <identifiers>
          <isin value="US80286MAE84"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>496152.75000000</valUSD>
        <pctVal>0.109150501537</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.76000000</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>MILL CITY MORTGAGE LOAN TRUST</name>
        <lei>N/A</lei>
        <title>MILL CITY MORTGAGE LOAN TRUST 2018-1 MCMLT 2018-1 A1</title>
        <cusip>59980VAA9</cusip>
        <identifiers>
          <isin value="US59980VAA98"/>
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        <balance>22930.30000000</balance>
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        <name>Truist Bank</name>
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        <name>Federal National Mortgage Association</name>
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        <name>United States of America</name>
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        <name>GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST</name>
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        <name>CROWN CASTLE INC.</name>
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        <name>ALLY BANK AUTO CREDIT-LINKED NOTES</name>
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        <name>Cooperatieve Rabobank U.A.</name>
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        <name>TOYOTA MOTOR CREDIT CORPORATION</name>
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        <name>Freddie Mac</name>
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        <name>PENSKE TRUCK LEASING CO., L.P.</name>
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        <name>Skandinaviska Enskilda Banken AB</name>
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        <name>CITIZENS AUTO RECEIVABLES TRUST</name>
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      <invstOrSec>
        <name>AON PUBLIC LIMITED COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARMAX AUTO OWNER TRUST</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SBNA AUTO LEASE TRUST</name>
        <lei>N/A</lei>
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        <name>CARVANA AUTO RECEIVABLES TRUST</name>
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          <isin value="US14688XAA54"/>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST</name>
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        <cusip>14687QAB9</cusip>
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          <isin value="US14687QAB95"/>
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      <invstOrSec>
        <name>BANQUE CANADIENNE IMPERIALE DE COMMERCE</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE REMICS FNR 2016-81 PA</title>
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          <isin value="US3136AT5V29"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMERICREDIT AUTOMOBILE RECEIVABLES TRUST</name>
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        <title>AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2022-2 AMCAR 2022-2 A3</title>
        <cusip>03065WAD7</cusip>
        <identifiers>
          <isin value="US03065WAD74"/>
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        <balance>339005.40000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CARMAX AUTO OWNER TRUST</name>
        <lei>N/A</lei>
        <title>CARMAX AUTO OWNER TRUST 2023-3 CARMX 2023-3 A2A</title>
        <cusip>14319BAB8</cusip>
        <identifiers>
          <isin value="US14319BAB80"/>
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        <balance>17142.60000000</balance>
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        <valUSD>17150.95000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2026-11-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cooperatieve Rabobank UA (New York Branch)</name>
        <lei>N/A</lei>
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        <cusip>21688ABM3</cusip>
        <identifiers>
          <isin value="US21688ABM36"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>AMERICAN EXPRESS COMPANY</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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        <cusip>025816DL0</cusip>
        <identifiers>
          <isin value="US025816DL03"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GM FINANCIAL AUTOMOBILE LEASING TRUST</name>
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        <cusip>362962AD4</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2028-05-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.58000000</annualizedRt>
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        <name>MMAF EQUIPMENT FINANCE LLC</name>
        <lei>N/A</lei>
        <title>MMAF EQUIPMENT FINANCE LLC 2024-A MMAF 2024-A A2</title>
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          <isin value="US55318CAB00"/>
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          <couponKind>Fixed</couponKind>
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        <name>BRAVO RESIDENTIAL FUNDING TRUST</name>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FREDDIE MAC REMICS FHR 4938 CA</title>
        <cusip>3137FQEW9</cusip>
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          <isin value="US3137FQEW92"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE POOL FN FS1377</title>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>AUTONATION FINANCE TRUST</name>
        <lei>N/A</lei>
        <title>AUTONATION FINANCE TRUST 2025-1 DRVPNK 2025-1A A2</title>
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          <isin value="US05330QAB86"/>
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        <curCd>USD</curCd>
        <valUSD>560158.31000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <name>CARMAX AUTO OWNER TRUST</name>
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        <name>Freddie Mac</name>
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        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST</name>
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        <name>HYUNDAI CAPITAL AMERICA</name>
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        <name>CHASE AUTO OWNER TRUST</name>
        <lei>N/A</lei>
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        <name>BOF URSA FUNDING TRUST</name>
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        <title>BAYVIEW OPPORTUNITY MASTER FUND VII TRUST 2024-CAR BVABS 2024-CAR1F A</title>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
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        <title>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021-NQM2R NRZT 2021-NQ2R A1</title>
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        <name>TOWD POINT MORTGAGE TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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      <invstOrSec>
        <name>ENTERPRISE FLEET FINANCING LLC</name>
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      <invstOrSec>
        <name>BUNKER HILL LOAN DEPOSITARY TRUST</name>
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        <name>CAPITAL ONE FINANCIAL CORPORATION</name>
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        <name>STELLANTIS FINANCIAL UNDERWRITTEN ENHANCED LEASE TRUST</name>
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      <invstOrSec>
        <name>CNH EQUIPMENT TRUST</name>
        <lei>N/A</lei>
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          <isin value="US18978GAB05"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST</name>
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          <isin value="US02589BAE02"/>
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        <name>The Bank of New York Mellon</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BMO MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BMO 2022-C3 MORTGAGE TRUST BMO 2022-C3 A1</title>
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        <name>FONTAINEBLEAU MIAMI BEACH TRUST</name>
        <lei>N/A</lei>
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        <cusip>34461WAA8</cusip>
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          <isin value="US34461WAA80"/>
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        <name>CARVANA AUTO RECEIVABLES TRUST</name>
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        <cusip>14687DAA0</cusip>
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          <isin value="US14687DAA00"/>
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          <couponKind>Fixed</couponKind>
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        <name>ANGEL OAK MORTGAGE TRUST</name>
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        <name>CONNECTICUT AVENUE SECURITIES</name>
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        <title>FANNIE MAE CONNECTICUT AVENUE SECURITIES CAS 2016-C03 2M2</title>
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        <name>BMW VEHICLE OWNER TRUST</name>
        <lei>N/A</lei>
        <title>BMW VEHICLE OWNER TRUST 2023-A BMWOT 2023-A A3</title>
        <cusip>05592XAD2</cusip>
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          <isin value="US05592XAD21"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.47000000</annualizedRt>
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        <name>TOYOTA AUTO RECEIVABLES OWNER TRUST</name>
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        <title>TOYOTA AUTO RECEIVABLES 2023-C OWNER TRUST TAOT 2023-C A2A</title>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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      <invstOrSec>
        <name>ENTERPRISE FLEET FINANCING LLC</name>
        <lei>N/A</lei>
        <title>ENTERPRISE FLEET FINANCING 2022-2 LLC EFF 2022-2 A2</title>
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          <isin value="US29374JAB17"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>HONDA AUTO RECEIVABLES OWNER TRUST</name>
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        <name>CARLYLE GLOBAL MARKET STRATEGIES CLO LTD</name>
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        <name>MILL CITY MORTGAGE LOAN TRUST</name>
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        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
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        <name>ELP COMMERCIAL MORTGAGE TRUST</name>
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        <name>ENTERPRISE FLEET FINANCING LLC</name>
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        <name>BON SECOURS MERCY HEALTH, INC.</name>
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        <name>DLLST LLC</name>
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        <name>CONNECTICUT AVENUE SECURITIES</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NISSAN AUTO LEASE TRUST</name>
        <lei>N/A</lei>
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        <cusip>65481CAD6</cusip>
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          <isin value="US65481CAD65"/>
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        <curCd>USD</curCd>
        <valUSD>1153560.52000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARMAX AUTO OWNER TRUST</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENTERPRISE FLEET FINANCING LLC</name>
        <lei>N/A</lei>
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          <isin value="US29375PAB67"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST 2023-P5 CRVNA 2023-P5 A2</title>
        <cusip>14687RAB7</cusip>
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          <isin value="US14687RAB78"/>
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        <valUSD>26567.71000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BMW VEHICLE LEASE TRUST</name>
        <lei>N/A</lei>
        <title>BMW VEHICLE LEASE TRUST 2024-1 BMWLT 2024-1 A2A</title>
        <cusip>05611UAB9</cusip>
        <identifiers>
          <isin value="US05611UAB98"/>
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        <balance>86122.90000000</balance>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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      <invstOrSec>
        <name>GM FINANCIAL AUTOMOBILE LEASING TRUST</name>
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        <title>GM FINANCIAL AUTOMOBILE LEASING TRUST 2024-1 GMALT 2024-1 A2A</title>
        <cusip>36269FAB2</cusip>
        <identifiers>
          <isin value="US36269FAB22"/>
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        <balance>236867.39000000</balance>
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        <curCd>USD</curCd>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.18000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NEW YORK N Y</name>
        <lei>N/A</lei>
        <title>NEW YORK NY CITY OF NEW YORK NY</title>
        <cusip>64966SMT0</cusip>
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          <isin value="US64966SMT05"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>481576.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.54200000</annualizedRt>
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        <name>CONNECTICUT AVENUE SECURITIES</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES TRUST 2023-R03 CAS 2023-R03 2M1</title>
        <cusip>20753ACJ1</cusip>
        <identifiers>
          <isin value="US20753ACJ16"/>
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        <balance>418842.76330000</balance>
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        <curCd>USD</curCd>
        <valUSD>425672.83000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.82197120</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WHEELS FLEET LEASE FUNDING LLC</name>
        <lei>N/A</lei>
        <title>WHEELS FLEET LEASE FUNDING 1 LLC WFLF 2025-1A A1</title>
        <cusip>96328GCE5</cusip>
        <identifiers>
          <isin value="US96328GCE52"/>
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        <balance>845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>846093.85000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.57000000</annualizedRt>
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      <invstOrSec>
        <name>AMUR EQUIPMENT FINANCE RECEIVABLES LLC</name>
        <lei>N/A</lei>
        <title>AMUR EQUIPMENT FINANCE RECEIVABLES XV LLC AXIS 2025-1A A2</title>
        <cusip>03237FAB1</cusip>
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          <isin value="US03237FAB13"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>591416.12000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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        <name>AUTOZONE, INC.</name>
        <lei>GA3JGKJ41LJKXDN23E90</lei>
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          <isin value="US053332BE19"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>DISCOVER CARD EXECUTION NOTE TRUST</name>
        <lei>549300CKCX1QE4RUW216</lei>
        <title>DISCOVER CARD EXECUTION NOTE TRUST DCENT 2022-A4 A</title>
        <cusip>254683CX1</cusip>
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          <isin value="US254683CX14"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.03000000</annualizedRt>
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        <name>VOYA FINANCIAL, INC.</name>
        <lei>549300T065Z4KJ686G75</lei>
        <title>VOYA FINANCIAL INC 3.650000% 06/15/2026</title>
        <cusip>929089AB6</cusip>
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          <isin value="US929089AB68"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
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      <invstOrSec>
        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
        <lei>N/A</lei>
        <title>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021-NQM3 NRZT 2021-NQM3 A1</title>
        <cusip>64831TAA5</cusip>
        <identifiers>
          <isin value="US64831TAA51"/>
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        <balance>502734.89000000</balance>
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        <curCd>USD</curCd>
        <valUSD>434449.26000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>1.15611840</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>BX TRUST</name>
        <lei>N/A</lei>
        <title>BX TRUST 2021-ARIA BX 2021-ARIA A</title>
        <cusip>05608RAA3</cusip>
        <identifiers>
          <isin value="US05608RAA32"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>298500.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.34258000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST GMCAR 2023-1 A3</title>
        <cusip>38013JAD5</cusip>
        <identifiers>
          <isin value="US38013JAD54"/>
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        <balance>1003869.01000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1003998.41000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.66000000</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>
        <name>SANTANDER BANK, N.A.</name>
        <lei>N/A</lei>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ATHENE GLOBAL FUNDING</name>
        <lei>549300LM1QSI4MSIL320</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CIFC FUNDING LTD</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Nationwide Building Society</name>
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        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TOYOTA LEASE OWNER TRUST</name>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>COLT MORTGAGE LOAN TRUST</name>
        <lei>N/A</lei>
        <title>COLT 2021-2 MORTGAGE LOAN TRUST COLT 2021-2 A1</title>
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          <isin value="US19685WAA99"/>
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        <name>BRAVO RESIDENTIAL FUNDING TRUST</name>
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        <cusip>10569TAA6</cusip>
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        <name>CAPITAL ONE PRIME AUTO RECEIVABLES TRUST</name>
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        <name>ROYALTY PHARMA PLC</name>
        <lei>549300FGFN7VOK8BZR03</lei>
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        <cusip>78081BAH6</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>STARWOOD MORTGAGE RESIDENTIAL TRUST</name>
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        <name>FORD MOTOR CREDIT COMPANY LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <name>JOHN DEERE OWNER TRUST</name>
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        <title>JOHN DEERE OWNER TRUST 2024-C JDOT 2024-C A2A</title>
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          <couponKind>Fixed</couponKind>
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        <name>DRYDEN CLO LTD</name>
        <lei>N/A</lei>
        <title>DRYDEN 94 CLO LTD DRSLF 2022-94A AR</title>
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          <isin value="US26251VAJ17"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FREDDIE MAC NON GOLD POOL FH 846789</title>
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          <isin value="US3128HDRJ07"/>
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        <curCd>USD</curCd>
        <valUSD>848.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
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      <invstOrSec>
        <name>ARI FLEET LEASE TRUST</name>
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      <invstOrSec>
        <name>APIDOS CLO</name>
        <lei>N/A</lei>
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          <isin value="US03764DAM39"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>GM FINANCIAL AUTOMOBILE LEASING TRUST</name>
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          <isin value="US379929AD43"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>BRIDGECREST LENDING AUTO SECURITIZATION TRUST</name>
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        <title>BRIDGECREST LENDING AUTO SECURITIZATION TRUST 2024 BLAST 2024-4 A3</title>
        <cusip>10806EAC8</cusip>
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          <isin value="US10806EAC84"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>NYSEG STORM FUNDING, LLC</name>
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          <isin value="US67122QAA22"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MILL CITY MORTGAGE LOAN TRUST</name>
        <lei>N/A</lei>
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        <cusip>59980CAA1</cusip>
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          <isin value="US59980CAA18"/>
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        <balance>3257.65000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3245.87000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2061-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>JOHN DEERE CAPITAL CORPORATION</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
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        <cusip>24422EXY0</cusip>
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        <balance>775000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>ENTERPRISE FLEET FINANCING LLC</name>
        <lei>N/A</lei>
        <title>ENTERPRISE FLEET FINANCING 2022-3 LLC EFF 2022-3 A2</title>
        <cusip>29374FAB9</cusip>
        <identifiers>
          <isin value="US29374FAB94"/>
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        <balance>19125.02000000</balance>
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        <valUSD>19102.26000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.38000000</annualizedRt>
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        <name>GMF FLOORPLAN OWNER REVOLVING TRUST</name>
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        <title>GMF FLOORPLAN OWNER REVOLVING TRUST GFORT 2023-1 A1</title>
        <cusip>361886CR3</cusip>
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          <isin value="US361886CR36"/>
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        <balance>700000.00000000</balance>
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        <valUSD>705411.35000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.34000000</annualizedRt>
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        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <balance>775000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>WELLS FARGO BANK, NATIONAL ASSOCIATION</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
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        <cusip>94988J6H5</cusip>
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          <isin value="US94988J6H59"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>HONDA AUTO RECEIVABLES OWNER TRUST</name>
        <lei>N/A</lei>
        <title>HONDA AUTO RECEIVABLES 2025-2 OWNER TRUST HAROT 2025-2 A2A</title>
        <cusip>437921AB5</cusip>
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          <isin value="US437921AB56"/>
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          <couponKind>Fixed</couponKind>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <issuerCat>UST</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>AVIATION CAPITAL GROUP LLC</name>
        <lei>549300ODEK8HY3445C77</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>AIR LEASE CORPORATION</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>AIR LEASE CORP MTN 2.875000% 01/15/2026</title>
        <cusip>00914AAJ1</cusip>
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          <isin value="US00914AAJ16"/>
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        <curCd>USD</curCd>
        <valUSD>1284522.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS KBX1 A2</title>
        <cusip>3137F4CZ3</cusip>
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          <isin value="US3137F4CZ38"/>
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        <balance>230530.18000000</balance>
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        <curCd>USD</curCd>
        <valUSD>227716.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>COLT MORTGAGE LOAN TRUST</name>
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        <name>STANDARD CHARTERED PLC</name>
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        <name>CITIGROUP COMMERCIAL MORTGAGE TRUST</name>
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        <name>WHEELS FLEET LEASE FUNDING LLC</name>
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        <name>WESTLAKE AUTOMOBILE RECEIVABLES TRUST</name>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE REMICS FNR 2023-16 VE</title>
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        <issuerCat>USGA</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>CATERPILLAR FINANCIAL SERVICES CORPORATION</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CSMC TRUST</name>
        <lei>N/A</lei>
        <title>CSMC 2021-AFC1 TRUST CSMC 2021-AFC1 A1</title>
        <cusip>12657LAA2</cusip>
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          <isin value="US12657LAA26"/>
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        <balance>364312.87000000</balance>
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        <curCd>USD</curCd>
        <valUSD>292380.93000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS DRYROCK ISSUANCE TRUST</name>
        <lei>213800R4G3N2G68CHU37</lei>
        <title>BARCLAYS DRYROCK ISSUANCE TRUST DROCK 2023-1 A</title>
        <cusip>06742LAX1</cusip>
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          <isin value="US06742LAX10"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WESTLAKE AUTOMOBILE RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-2 WLAKE 2023-2A A3</title>
        <cusip>959926AD8</cusip>
        <identifiers>
          <isin value="US959926AD86"/>
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        <balance>112092.11000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112157.75000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>VFI ABS LLC</name>
        <lei>N/A</lei>
        <title>VFI ABS 2023-1 LLC VFI 2023-1A A</title>
        <cusip>92555QAA6</cusip>
        <identifiers>
          <isin value="US92555QAA67"/>
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        <balance>133065.77000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>133796.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.27000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>AFFIRM ASSET SECURITIZATION TRUST</name>
        <lei>N/A</lei>
        <title>AFFIRM ASSET SECURITIZATION TRUST 2024-A AFFRM 2024-A A</title>
        <cusip>00834BAA5</cusip>
        <identifiers>
          <isin value="US00834BAA52"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255850.43000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.61000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE STREET CORPORATION</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>STATE STREET CORP VARIABLE RATE 10/22/2027</title>
        <cusip>857477CQ4</cusip>
        <identifiers>
          <isin value="US857477CQ47"/>
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        <curCd>USD</curCd>
        <valUSD>764102.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.99514040</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Spire Inc.</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SPIRE INC 5.300000% 03/01/2026</title>
        <cusip>84857LAC5</cusip>
        <identifiers>
          <isin value="US84857LAC54"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>902798.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TREASURY BILL 0.000000% 12/26/2025</title>
        <cusip>912797NU7</cusip>
        <identifiers>
          <isin value="US912797NU77"/>
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        <balance>2675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2611829.21000000</valUSD>
        <pctVal>0.574586089064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-26</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>EVERSOURCE ENERGY 3.350000% 03/15/2026</title>
        <cusip>30040WAB4</cusip>
        <identifiers>
          <isin value="US30040WAB46"/>
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        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>642345.86000000</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>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>LLOYDS BANKING GROUP PLC 5.462000% 01/05/2028</title>
        <cusip>53944YAZ6</cusip>
        <identifiers>
          <isin value="US53944YAZ60"/>
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        <balance>470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>475347.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.46200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PFS FINANCING CORP.</name>
        <lei>N/A</lei>
        <title>PFS FINANCING CORP PFSFC 2025-B A</title>
        <cusip>69335PFU4</cusip>
        <identifiers>
          <isin value="US69335PFU49"/>
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        <balance>545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>550988.51000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>BPR TRUST</name>
        <lei>N/A</lei>
        <title>BPR TRUST 2021-TY BPR 2021-TY A</title>
        <cusip>05592AAA8</cusip>
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          <isin value="US05592AAA88"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>997812.50000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.49348120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>GMF FLOORPLAN OWNER REVOLVING TRUST</name>
        <lei>N/A</lei>
        <title>GMF FLOORPLAN OWNER REVOLVING TRUST SERIES 2025-1 GFORT 2025-1A A1</title>
        <cusip>361886DV3</cusip>
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          <isin value="US361886DV39"/>
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        <curCd>USD</curCd>
        <valUSD>1161863.54000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.59000000</annualizedRt>
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        <name>MFA TRUST</name>
        <lei>N/A</lei>
        <title>MFA 2021-NQM2 TRUST MFRA 2021-NQM2 A1</title>
        <cusip>55283WAA9</cusip>
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          <isin value="US55283WAA99"/>
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        <balance>259957.05000000</balance>
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        <curCd>USD</curCd>
        <valUSD>227038.64000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>1.02899880</annualizedRt>
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        <name>HCA INC.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA INC VARIABLE RATE 03/01/2028</title>
        <cusip>404119CX5</cusip>
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          <isin value="US404119CX50"/>
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        <balance>1740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1749152.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.22199080</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HERTZ VEHICLE FINANCING III LLC</name>
        <lei>N/A</lei>
        <title>HERTZ VEHICLE FINANCING III LLC HERTZ 2023-1A A</title>
        <cusip>42806MBS7</cusip>
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          <isin value="US42806MBS70"/>
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        <curCd>USD</curCd>
        <valUSD>2040111.02000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.49000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARI FLEET LEASE TRUST</name>
        <lei>N/A</lei>
        <title>ARI FLEET LEASE TRUST 2023-A ARIFL 2023-A A3</title>
        <cusip>00218GAC6</cusip>
        <identifiers>
          <isin value="US00218GAC69"/>
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        <balance>2535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2552488.71000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Federal National Mortgage Association</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST</name>
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        <cusip>362549AB3</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>VERIZON MASTER TRUST</name>
        <lei>N/A</lei>
        <title>VERIZON MASTER TRUST VZMT 2024-3 A1A</title>
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          <isin value="US92348KCQ40"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENTERPRISE FLEET FINANCING LLC</name>
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        <name>GLS AUTO SELECT RECEIVABLES TRUST</name>
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          <isin value="US36269EAB56"/>
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        <name>ONEOK, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SOCIETE GENERALE SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>HYUNDAI AUTO LEASE SECURITIZATION TRUST</name>
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        <title>HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-A HALST 2025-A A2A</title>
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          <isin value="US44935WAB37"/>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS, INC.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEXTERA ENERGY CAPITAL HOLDINGS INC VARIABLE RATE 02/04/2028</title>
        <cusip>65339KDH0</cusip>
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          <isin value="US65339KDH05"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
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        <name>FIRSTKEY HOMES TRUST</name>
        <lei>N/A</lei>
        <title>FIRSTKEY HOMES 2020-SFR2 TRUST FKH 2020-SFR2 A</title>
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          <isin value="US33767JAA07"/>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FREDDIE MAC REMICS FHR 4030 AN</title>
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          <isin value="US3137APJB72"/>
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        <issuerCat>USGA</issuerCat>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE REMICS FNR 2015-57 CA</title>
        <cusip>3136APZT2</cusip>
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          <isin value="US3136APZT24"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CCG RECEIVABLES TRUST</name>
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      <invstOrSec>
        <name>NYC COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS COMMERCIAL MORTGAGE TRUST</name>
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          <isin value="US90276GAQ55"/>
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        <balance>109241.15000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
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          <isin value="US95001ABB17"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>STARWOOD MORTGAGE RESIDENTIAL TRUST</name>
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          <isin value="US85573AAA34"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CHARTER COMMUNICATIONS OPERATING, LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>OCTANE RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>OCTANE RECEIVABLES TRUST 2023-3 OCTL 2023-3A A2</title>
        <cusip>67571CAB7</cusip>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CARMAX AUTO OWNER TRUST</name>
        <lei>N/A</lei>
        <title>CARMAX AUTO OWNER TRUST 2024-2 CARMX 2024-2 A2A</title>
        <cusip>14319EAC0</cusip>
        <identifiers>
          <isin value="US14319EAC03"/>
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        <balance>337048.94000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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        <name>LA BANQUE TORONTO-DOMINION</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <cusip>89115A2S0</cusip>
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          <isin value="US89115A2S07"/>
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        <balance>3410000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3447697.55000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BANQUE FEDERATIVE DU CREDIT MUTUEL SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>BANQUE FEDERATIVE DU CREDIT MUTUEL SA 144A 5.896000% 07/13/2026</title>
        <cusip>06675FBA4</cusip>
        <identifiers>
          <isin value="US06675FBA49"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>481558.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.89600000</annualizedRt>
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        <name>TOWD POINT MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>TOWD POINT MORTGAGE TRUST 2018-3 TPMT 2018-3 A1</title>
        <cusip>89175MAA1</cusip>
        <identifiers>
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        <balance>76866.84000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY 6.138000% 10/16/2026</title>
        <cusip>61747YEX9</cusip>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>753754.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.13800000</annualizedRt>
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        <name>CONNECTICUT AVENUE SECURITIES</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES TRUST 2023-R02 CAS 2023-R02 1M1</title>
        <cusip>20755AAB8</cusip>
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          <isin value="US20755AAB89"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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          <couponKind>Floating</couponKind>
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        <name>CBAM LTD</name>
        <lei>N/A</lei>
        <title>CBAM 2018-5 LTD CBAM 2018-5A A</title>
        <cusip>12481QAC9</cusip>
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          <isin value="US12481QAC96"/>
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        <balance>320354.86000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>WESTLAKE AUTOMOBILE RECEIVABLES TRUST</name>
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        <title>WESTLAKE AUTOMOBILE RECEIVABLES TRUST SERIES 2023- WLAKE 2023-P1 A2</title>
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          <isin value="US96042UAB70"/>
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        <curCd>USD</curCd>
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          <maturityDt>2027-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>GOLDMAN SACHS BANK USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>GOLDMAN SACHS BANK USA/NEW YORK NY 5.414000% 05/21/2027</title>
        <cusip>38151LAG5</cusip>
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          <isin value="US38151LAG59"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>755266.33000000</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>2027-05-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.41400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
        <lei>N/A</lei>
        <title>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2019-1 NRZT 2019-1A A1</title>
        <cusip>64830CAA3</cusip>
        <identifiers>
          <isin value="US64830CAA36"/>
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        <balance>106313.64000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100161.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>SOUTHERN CALIFORNIA EDISON COMPANY</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREDDIE MAC STACR REMIC TRUST</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC STACR REMIC TRUST 2024-HQA1 STACR 2024-HQA1 M1</title>
        <cusip>35564NBX0</cusip>
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          <isin value="US35564NBX03"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-25</maturityDt>
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      <invstOrSec>
        <name>ANGEL OAK MORTGAGE TRUST</name>
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        <title>ANGEL OAK MORTGAGE TRUST 2020-1 AOMT 2020-1 A1</title>
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          <isin value="US03464RAA14"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2059-12-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>AMERICAN EXPRESS COMPANY</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AMERICAN EXPRESS CO 5.645000% 04/23/2027</title>
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          <isin value="US025816DT39"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO BANK NV 144A 6.339000% 09/18/2027</title>
        <cusip>00084DBA7</cusip>
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          <isin value="US00084DBA72"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>713228.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.33900000</annualizedRt>
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        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-2 SDART 2024-2 A2</title>
        <cusip>80286YAB8</cusip>
        <identifiers>
          <isin value="US80286YAB83"/>
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        <balance>143017.36000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143159.00000000</valUSD>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>ILLUMINA, INC.</name>
        <lei>SQ95QG8SR5Q56LSNF682</lei>
        <title>ILLUMINA INC 5.800000% 12/12/2025</title>
        <cusip>452327AN9</cusip>
        <identifiers>
          <isin value="US452327AN93"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>BANK OF AMERICA AUTO TRUST</name>
        <lei>N/A</lei>
        <title>BANK OF AMERICA AUTO TRUST 2023-2 BAAT 2023-2A A2</title>
        <cusip>06054YAB3</cusip>
        <identifiers>
          <isin value="US06054YAB39"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>CARVANA AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST 2023-N3 CRVNA 2023-N3 A</title>
        <cusip>14686RAA0</cusip>
        <identifiers>
          <isin value="US14686RAA05"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST</name>
        <lei>N/A</lei>
        <title>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU JPMCC 2015-JP1 ASB</title>
        <cusip>46590KAF1</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NISSAN AUTO LEASE TRUST</name>
        <lei>N/A</lei>
        <title>NISSAN AUTO LEASE TRUST 2024-A NALT 2024-A A2A</title>
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        <name>WESTLAKE FLOORING MASTER TRUST</name>
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        <title>WESTLAKE FLOORING MASTER TRUST WFLOOR 2024-1A A</title>
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          <isin value="US96043GAA94"/>
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        <name>VOLVO FINANCIAL EQUIPMENT LLC</name>
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        <title>VOLVO FINANCIAL EQUIPMENT LLC SERIES 2024-1 VFET 2024-1A A1</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>THE HOME DEPOT, INC.</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC/THE VARIABLE RATE 12/24/2025</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>UBS AG LONDON BRANCH</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>1017346.51000000</valUSD>
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        <name>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>COLT MORTGAGE LOAN TRUST</name>
        <lei>N/A</lei>
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          <isin value="US19688DAA81"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DRIVE AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GCAT TRUST</name>
        <lei>N/A</lei>
        <title>GCAT 2021-CM1 TRUST GCAT 2021-CM1 A</title>
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          <isin value="US36168AAA79"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>GLS AUTO RECEIVABLES TRUST</name>
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        <title>GLS AUTO RECEIVABLES ISSUER TRUST 2024-1 GCAR 2024-1A A3</title>
        <cusip>36269HAC6</cusip>
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          <isin value="US36269HAC60"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>BENCHMARK MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BENCHMARK 2020-B17 MORTGAGE TRUST BMARK 2020-B17 A2</title>
        <cusip>08162MAV0</cusip>
        <identifiers>
          <isin value="US08162MAV00"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DLLAA LLC</name>
        <lei>N/A</lei>
        <title>DLLAA 2025-1 LLC DLLAA 2025-1A A2</title>
        <cusip>233249AB7</cusip>
        <identifiers>
          <isin value="US233249AB70"/>
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        <balance>545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>545031.66000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 4.250000% 05/31/2025</title>
        <cusip>91282CHD6</cusip>
        <identifiers>
          <isin value="US91282CHD65"/>
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        <balance>4475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4475000.00000000</valUSD>
        <pctVal>0.984472008629</pctVal>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AIR LEASE CORPORATION</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>AIR LEASE CORP 2.200000% 01/15/2027</title>
        <cusip>00914AAR3</cusip>
        <identifiers>
          <isin value="US00914AAR32"/>
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        <curCd>USD</curCd>
        <valUSD>2389161.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.20000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IMPERIAL FUND MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>IMPERIAL FUND MORTGAGE TRUST 2021-NQM1 IMPRL 2021-NQM1 A1</title>
        <cusip>452764AA1</cusip>
        <identifiers>
          <isin value="US452764AA15"/>
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        <balance>481001.46000000</balance>
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        <curCd>USD</curCd>
        <valUSD>416097.82000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>1.07100000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENTERPRISE FLEET FINANCING LLC</name>
        <lei>N/A</lei>
        <title>ENTERPRISE FLEET FINANCING 2023-1 LLC EFF 2023-1 A2</title>
        <cusip>29375CAB5</cusip>
        <identifiers>
          <isin value="US29375CAB54"/>
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        <balance>97173.46000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97474.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.51000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>CSMC TRUST</name>
        <lei>N/A</lei>
        <title>CSMC 2021-NQM1 CSMC 2021-NQM1 A1</title>
        <cusip>126407AA3</cusip>
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          <isin value="US126407AA34"/>
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        <curCd>USD</curCd>
        <valUSD>281794.40000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>0.80899920</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>GLS AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>GLS AUTO RECEIVABLES ISSUER TRUST 2025-2 GCAR 2025-2A A1</title>
        <cusip>37989BAA0</cusip>
        <identifiers>
          <isin value="US37989BAA08"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000130.20000000</valUSD>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.71600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>NEW YORK NY CITY TRANSITIONAL NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY</title>
        <cusip>64972JUW6</cusip>
        <identifiers>
          <isin value="US64972JUW60"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>877382.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50700000</annualizedRt>
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      <invstOrSec>
        <name>JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <title>JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2017-JP JPMCC 2017-JP7 ASB</title>
        <cusip>465968AF2</cusip>
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          <isin value="US465968AF24"/>
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        <valUSD>202773.43000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.24120000</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>
        <name>AUXILIOR TERM FUNDING LLC</name>
        <lei>N/A</lei>
        <title>AUXILIOR TERM FUNDING 2023-1 LLC XCAP 2023-1A A2</title>
        <cusip>05335JAB9</cusip>
        <identifiers>
          <isin value="US05335JAB98"/>
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        <balance>202902.40000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204537.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.18000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Cooperatieve Rabobank UA (New York Branch)</name>
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          <isin value="US21688AAY82"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANQUE FEDERATIVE DU CREDIT MUTUEL SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
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        <cusip>06675FAZ0</cusip>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NISSAN AUTO RECEIVABLES OWNER TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="US7839655930"/>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITIZENS AUTO RECEIVABLES TRUST</name>
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        <title>CITIZENS AUTO RECEIVABLES TRUST 2024-1 CITZN 2024-1 A2A</title>
        <cusip>17331QAB2</cusip>
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          <isin value="US17331QAB23"/>
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        <curCd>USD</curCd>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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          <isin value="US225401AT54"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FREDDIE MAC REMICS FHR 5264 AB</title>
        <cusip>3137H9BH1</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA AVIATION REV</name>
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        <title>MIAMI-DADE CNTY FL AVIATION RE COUNTY OF MIAMI-DADE FL AVIATION REVENUE</title>
        <cusip>59333P4K1</cusip>
        <identifiers>
          <isin value="US59333P4K14"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.94900000</annualizedRt>
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      <invstOrSec>
        <name>STAR TRUST</name>
        <lei>N/A</lei>
        <title>STAR 2024-SFR4 TRUST STAR 2024-SFR4 B</title>
        <cusip>85520AAC3</cusip>
        <identifiers>
          <isin value="US85520AAC36"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>MMAF EQUIPMENT FINANCE LLC</name>
        <lei>N/A</lei>
        <title>MMAF EQUIPMENT FINANCE LLC 2020-B MMAF 2020-BA A4</title>
        <cusip>60700KAD4</cusip>
        <identifiers>
          <isin value="US60700KAD46"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CARMAX AUTO OWNER TRUST</name>
        <lei>N/A</lei>
        <title>CARMAX AUTO OWNER TRUST 2022-1 CARMX 2022-1 A3</title>
        <cusip>14317CAC6</cusip>
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          <isin value="US14317CAC64"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>CFMT TRUST</name>
        <lei>N/A</lei>
        <title>CFMT 2021-AL1 LLC CFMT 2021-AL1 B</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HUNTINGTON AUTO TRUST</name>
        <lei>N/A</lei>
        <title>HUNTINGTON AUTO TRUST 2024-1 HUNT 2024-1A A2</title>
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          <isin value="US446144AC16"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BANQUE CANADIENNE IMPERIALE DE COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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        <cusip>13607LSL8</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>06051GJS9</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>BMW US CAPITAL, LLC</name>
        <lei>KK5MZM9DIXLXZL9DZL15</lei>
        <title>BMW US CAPITAL LLC 144A 1.250000% 08/12/2026</title>
        <cusip>05565EBW4</cusip>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CHARTER COMMUNICATIONS OPERATING, LLC</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COM 6.150000% 11/10/2026</title>
        <cusip>161175CM4</cusip>
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          <isin value="US161175CM43"/>
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        <curCd>USD</curCd>
        <valUSD>865024.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>MERCEDES-BENZ FINANCE NORTH AMERICA LLC</name>
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        <name>NEW YORK LIFE GLOBAL FUNDING</name>
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        <name>BANQUE ROYALE DU CANADA</name>
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        <name>WHEELS FLEET LEASE FUNDING LLC</name>
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        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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        <name>United States of America</name>
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        <name>NAVIENT PRIVATE EDUCATION LOAN TRUST</name>
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        <name>SOLVENTUM CORPORATION</name>
        <lei>254900I70403OSGY4M28</lei>
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        <name>Element Fleet Management Corp.</name>
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        <name>CONNECTICUT AVENUE SECURITIES</name>
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        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST</name>
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        <name>Freddie Mac</name>
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        <name>Freddie Mac</name>
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        <name>HONDA AUTO RECEIVABLES OWNER TRUST</name>
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        <name>AMUR EQUIPMENT FINANCE RECEIVABLES LLC</name>
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        <name>ALLIANT ENERGY FINANCE, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEXT ABS LLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MFA TRUST</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PFS FINANCING CORP.</name>
        <lei>N/A</lei>
        <title>PFS FINANCING CORP PFSFC 2025-A B</title>
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          <isin value="US69335PFT75"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>M&amp;T EQUIPTMENT LLC</name>
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          <isin value="US551925AA85"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>CITIGROUP COMMERCIAL MORTGAGE TRUST</name>
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          <isin value="US17290YAS72"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TOYOTA LEASE OWNER TRUST</name>
        <lei>N/A</lei>
        <title>TOYOTA LEASE OWNER TRUST 2024-B TLOT 2024-B A3</title>
        <cusip>891943AD4</cusip>
        <identifiers>
          <isin value="US891943AD49"/>
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        <balance>645000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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        <name>CREDIT AGRICOLE SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
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          <isin value="US22534PAE34"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.58900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>GREATAMERICA LEASING RECEIVABLES FUNDING, L.L.C.</name>
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        <title>GREATAMERICA LEASING RECEIVABLES FUNDING LLC SERIE GALC 2024-1 A2</title>
        <cusip>39154TCH9</cusip>
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          <isin value="US39154TCH95"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <title>JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2017-JP JPMCC 2017-JP5 ASB</title>
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          <isin value="US46647TAT51"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GREATAMERICA LEASING RECEIVABLES FUNDING, L.L.C.</name>
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        <title>GREATAMERICA LEASING RECEIVABLES FUNDING LLC SERIE GALC 2023-1 A2</title>
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        <name>RIO TINTO FINANCE (USA) PLC</name>
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        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>CSAIL COMMERCIAL MORTGAGE TRUST</name>
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        <title>CSAIL 2018-C14 COMMERCIAL MORTGAGE TRUST CSAIL 2018-C14 ASB</title>
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          <isin value="US12596GBA67"/>
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      <invstOrSec>
        <name>BANQUE FEDERATIVE DU CREDIT MUTUEL SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>BANQUE FEDERATIVE DU CREDIT MUTUEL SA 144A 4.524000% 07/13/2025</title>
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          <isin value="US06675DCD21"/>
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        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>THE WILLIAMS COMPANIES, INC.</name>
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        <curCd>USD</curCd>
        <valUSD>498908.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SFS AUTO RECEIVABLES SECURITIZATION TRUST</name>
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        <title>SFS AUTO RECEIVABLES SECURITIZATION TRUST 2024-3 SFAST 2024-3A A2</title>
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          <isin value="US78436XAB38"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>GM FINANCIAL AUTOMOBILE LEASING TRUST</name>
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        <title>GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-1 GMALT 2025-1 A1</title>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <name>CNH EQUIPMENT TRUST</name>
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        <name>SCF EQUIPMENT LEASING LLC</name>
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      <invstOrSec>
        <name>GRAPHIC PACKAGING INTERNATIONAL, LLC</name>
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      <invstOrSec>
        <name>MERCEDES-BENZ AUTO LEASE TRUST</name>
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      <invstOrSec>
        <name>MILL CITY MORTGAGE LOAN TRUST</name>
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          <isin value="US59980YAB11"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CREDIT AGRICOLE SA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSN TR FD AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WORLD OMNI AUTO RECEIVABLE TRUST</name>
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        <name>AQUA FINANCE TRUST</name>
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        <name>FORD CREDIT AUTO OWNER TRUST</name>
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        <name>HYUNDAI AUTO RECEIVABLES TRUST</name>
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        <name>ARI FLEET LEASE TRUST</name>
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        <title>ARI FLEET LEASE TRUST 2024-B ARIFL 2024-B A2</title>
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        <name>CHESAPEAKE FUNDING LLC</name>
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      <invstOrSec>
        <name>AVIS BUDGET RENTAL CAR FUNDING</name>
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      <invstOrSec>
        <name>WESTLAKE AUTOMOBILE RECEIVABLES TRUST</name>
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      <invstOrSec>
        <name>BANQUE ROYALE DU CANADA</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CARVANA AUTO RECEIVABLES TRUST</name>
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        <name>ALA TRUST</name>
        <lei>N/A</lei>
        <title>ALA TRUST 2025-OANA ALA 2025-OANA A</title>
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          <isin value="US009920AA71"/>
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        <name>NAVISTAR FINANCIAL DEALER NOTE MASTER TRUST</name>
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          <isin value="US63938PBU21"/>
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        <name>CARLYLE GLOBAL MARKET STRATEGIES CLO LTD</name>
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        <title>CARLYLE GLOBAL MARKET STRATEGIES CLO 2015-4 LTD CGMS 2015-4A A1RR</title>
        <cusip>14311NAU8</cusip>
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          <isin value="US14311NAU81"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL I TRUST</name>
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        <cusip>61691NAC9</cusip>
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          <isin value="US61691NAC92"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>UBS COMMERCIAL MORTGAGE TRUST</name>
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        <title>UBS COMMERCIAL MORTGAGE TRUST 2017-C6 UBSCM 2017-C6 ASB</title>
        <cusip>90276UAU5</cusip>
        <identifiers>
          <isin value="US90276UAU51"/>
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          <couponKind>Fixed</couponKind>
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        <name>BX TRUST</name>
        <lei>N/A</lei>
        <title>BX TRUST 2022-LBA6 BX 2022-LBA6 A</title>
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        <identifiers>
          <isin value="US12433EAA91"/>
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        <balance>670000.00000000</balance>
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        <name>HPEFS EQUIPMENT TRUST</name>
        <lei>N/A</lei>
        <title>HPEFS EQUIPMENT TRUST 2024-1 HPEFS 2024-1A A3</title>
        <cusip>403963AC5</cusip>
        <identifiers>
          <isin value="US403963AC56"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.18000000</annualizedRt>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE REMICS FNR 2012-137 UE</title>
        <cusip>3136AAL29</cusip>
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          <isin value="US3136AAL290"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PORSCHE INNOVATIVE LEASE OWNER TRUST</name>
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        <title>PORSCHE INNOVATIVE LEASE OWNER TRUST 2025-1 PILOT 2025-1A A3</title>
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          <isin value="US73329KAD81"/>
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        <name>FLAGSHIP CREDIT AUTO TRUST</name>
        <lei>N/A</lei>
        <title>FLAGSHIP CREDIT AUTO TRUST 2023-3 FCAT 2023-3 A2</title>
        <cusip>33846BAC8</cusip>
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          <isin value="US33846BAC81"/>
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        <balance>66471.08000000</balance>
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          <couponKind>Fixed</couponKind>
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        <name>SOCIETE GENERALE SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
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        <title>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-3 NRZT 2017-3A A1</title>
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          <isin value="US64828MAA53"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>ONEOK, INC.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC 5.550000% 11/01/2026</title>
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          <isin value="US682680BH51"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>859650.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CARLYLE GLOBAL MARKET STRATEGIES CLO LTD</name>
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        <title>CARLYLE GLOBAL MARKET STRATEGIES CLO 2014-1 LTD CGMS 2014-1A A1R2</title>
        <cusip>14310MAW7</cusip>
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        <balance>230468.38000000</balance>
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        <curCd>USD</curCd>
        <valUSD>230532.68000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>DEEPHAVEN RESIDENTIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2021-1 DRMT 2021-1 A1</title>
        <cusip>24380VAA9</cusip>
        <identifiers>
          <isin value="US24380VAA98"/>
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        <balance>76378.61000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72468.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.71499960</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MERCEDES-BENZ AUTO LEASE TRUST</name>
        <lei>N/A</lei>
        <title>MERCEDES-BENZ AUTO LEASE TRUST 2025-A MBALT 2025-A A3</title>
        <cusip>58768YAD7</cusip>
        <identifiers>
          <isin value="US58768YAD76"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266916.85000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>RWJ BARNABAS HEALTH, INC.</name>
        <lei>549300HV60S88R85TC91</lei>
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        <cusip>78349AAA1</cusip>
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        <balance>545000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
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        <cusip>89788JAE9</cusip>
        <identifiers>
          <isin value="US89788JAE91"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NISSAN AUTO RECEIVABLES OWNER TRUST</name>
        <lei>N/A</lei>
        <title>NISSAN AUTO RECEIVABLES 2022-A OWNER TRUST NAROT 2022-A A4</title>
        <cusip>65479QAD9</cusip>
        <identifiers>
          <isin value="US65479QAD97"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1129076.44000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.07000000</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>
        <name>COREBRIDGE GLOBAL FUNDING</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>COREBRIDGE GLOBAL FUNDING 144A 5.750000% 07/02/2026</title>
        <cusip>00138CAU2</cusip>
        <identifiers>
          <isin value="US00138CAU27"/>
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        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>288603.58000000</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>2026-07-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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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      <invstOrSec>
        <name>BX TRUST</name>
        <lei>N/A</lei>
        <title>BX 2021-MFM1 BX 2021-MFM1 B</title>
        <cusip>05608VAE6</cusip>
        <identifiers>
          <isin value="US05608VAE65"/>
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        <balance>434000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>433186.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.39348040</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>
        <name>GS MORTGAGE SECURITIES CORPORATION TRUST</name>
        <lei>N/A</lei>
        <title>GS MORTGAGE SECURITIES CORP TRUST 2023-SHIP GSMS 2023-SHIP B</title>
        <cusip>36270GAC5</cusip>
        <identifiers>
          <isin value="US36270GAC50"/>
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        <balance>810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>805711.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.93620840</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>TOYOTA MOTOR CREDIT CORPORATION</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>TOYOTA MOTOR CREDIT CORP 4.500000% 05/14/2027</title>
        <cusip>89236TNG6</cusip>
        <identifiers>
          <isin value="US89236TNG66"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>652051.39000000</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>2027-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANGEL OAK MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>ANGEL OAK MORTGAGE TRUST 2020-3 AOMT 2020-3 A1</title>
        <cusip>03465LAA3</cusip>
        <identifiers>
          <isin value="US03465LAA35"/>
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        <balance>194306.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182489.45000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.69099920</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA 144A 5.203000% 01/18/2027</title>
        <cusip>05571AAT2</cusip>
        <identifiers>
          <isin value="US05571AAT25"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>606295.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20300000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>BSPRT ISSUER, LTD.</name>
        <lei>N/A</lei>
        <title>BSPRT 2022-FL8 ISSUER LTD BSPRT 2022-FL8 A</title>
        <cusip>055983AA8</cusip>
        <identifiers>
          <isin value="US055983AA86"/>
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        <balance>360341.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>359521.63000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.83228080</annualizedRt>
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        <name>LAD AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>LAD AUTO RECEIVABLES TRUST 2022-1 LADAR 2022-1A A</title>
        <cusip>501687AA5</cusip>
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          <isin value="US501687AA54"/>
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        <valUSD>27501.79000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.21000000</annualizedRt>
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        <name>MMAF EQUIPMENT FINANCE LLC</name>
        <lei>N/A</lei>
        <title>MMAF EQUIPMENT FINANCE LLC 2023-A MMAF 2023-A A2</title>
        <cusip>55317WAB7</cusip>
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          <isin value="US55317WAB72"/>
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        <balance>270920.99000000</balance>
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        <curCd>USD</curCd>
        <valUSD>271805.11000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.79000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRILLIUM CREDIT CARD TRUST II</name>
        <lei>N/A</lei>
        <title>TRILLIUM CREDIT CARD TRUST II TCCT 2023-3A A</title>
        <cusip>89621ABT5</cusip>
        <identifiers>
          <isin value="US89621ABT51"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1701399.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.12385840</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>CARVANA AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST 2024-P1 CRVNA 2024-P1 A2</title>
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        <name>PHILADELPHIA PA REDEV AUTH REV</name>
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        <name>Government National Mortgage Association</name>
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        <name>CIFC FUNDING LTD</name>
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        <issuerCat>CORP</issuerCat>
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        <name>United States of America</name>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <name>AMERICREDIT AUTOMOBILE RECEIVABLES TRUST</name>
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      <invstOrSec>
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          <isin value="US59980CAA18"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>TOYOTA AUTO RECEIVABLES OWNER TRUST</name>
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        <name>EXTENDED STAY AMERICA TRUST</name>
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        <name>AMERICREDIT AUTOMOBILE RECEIVABLES TRUST</name>
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        <name>FORD CREDIT FLOORPLAN MASTER OWNER TRUST A</name>
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        <name>OBX TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>AerCap Ireland Capital Designated Activity Company</name>
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        <name>CARMAX AUTO OWNER TRUST</name>
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        <name>UBS AG</name>
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        <name>NEW YORK N Y</name>
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        <name>GRAY OAK PIPELINE, LLC</name>
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        <name>GOLDEN CREDIT CARD TRUST</name>
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        <name>United States of America</name>
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        <name>MERCEDES-BENZ AUTO LEASE TRUST</name>
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        <name>ARES CAPITAL CORPORATION.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <name>AerCap Ireland Capital Designated Activity Company</name>
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      <invstOrSec>
        <name>COLUMBIA PIPELINES HOLDING COMPANY LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MMAF EQUIPMENT FINANCE LLC</name>
        <lei>N/A</lei>
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        <cusip>55317JAC4</cusip>
        <identifiers>
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        <balance>29638.14000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <identifiers>
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        <balance>9330000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
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      <invstOrSec>
        <name>STRYKER CORPORATION</name>
        <lei>5493002F0SC4JTBU5137</lei>
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        <balance>775000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST</name>
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        <cusip>80286FAD5</cusip>
        <identifiers>
          <isin value="US80286FAD50"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CNH EQUIPMENT TRUST</name>
        <lei>N/A</lei>
        <title>CNH EQUIPMENT TRUST 2025-A CNH 2025-A A2A</title>
        <cusip>12674BAB1</cusip>
        <identifiers>
          <isin value="US12674BAB18"/>
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        <balance>735000.00000000</balance>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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      <invstOrSec>
        <name>BANQUE ROYALE DU CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>ROYAL BANK OF CANADA MTN 5.200000% 07/20/2026</title>
        <cusip>78016FZZ0</cusip>
        <identifiers>
          <isin value="US78016FZZ07"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NSTAR ELECTRIC COMPANY</name>
        <lei>54930080R72Y2Z31UR68</lei>
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        <cusip>67021CAK3</cusip>
        <identifiers>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>GECU AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>GECU AUTO RECEIVABLES TRUST 2023-1 GECU 2023-1A A2</title>
        <cusip>36169EAB6</cusip>
        <identifiers>
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        <balance>194953.93000000</balance>
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        <valUSD>195137.83000000</valUSD>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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        <name>PEACEHEALTH</name>
        <lei>PLDU35L52IYZUL5SMS69</lei>
        <title>PEACEHEALTH OBLIGATED GROUP 1.375000% 11/15/2025</title>
        <cusip>70462GAB4</cusip>
        <identifiers>
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        <valUSD>1695852.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.37500000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE POOL FN AD0213</title>
        <cusip>31418MGX4</cusip>
        <identifiers>
          <isin value="US31418MGX48"/>
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        <balance>33150.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34535.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>CITIGROUP INC.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC 3.887000% 01/10/2028</title>
        <cusip>172967LD1</cusip>
        <identifiers>
          <isin value="US172967LD18"/>
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        <balance>2840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2802782.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.88700000</annualizedRt>
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        <name>SEQUOIA MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>SEQUOIA MORTGAGE TRUST 2018-CH3 SEMT 2018-CH3 A1</title>
        <cusip>81746WAA6</cusip>
        <identifiers>
          <isin value="US81746WAA62"/>
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        <balance>4202.62000000</balance>
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        <valUSD>4146.12000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>FIRST INVESTORS AUTO OWNER TRUST</name>
        <lei>N/A</lei>
        <title>FIRST INVESTORS AUTO OWNER TRUST 2023-1 FIAOT 2023-1A A</title>
        <cusip>320986AA0</cusip>
        <identifiers>
          <isin value="US320986AA08"/>
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        <balance>365421.80000000</balance>
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        <valUSD>368956.12000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2028-10-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.44000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CPS AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>CPS AUTO RECEIVABLES TRUST 2024-A CPS 2024-A A</title>
        <cusip>22411CAA8</cusip>
        <identifiers>
          <isin value="US22411CAA80"/>
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        <balance>36964.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37013.38000000</valUSD>
        <pctVal>0.008142712079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.71000000</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>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE REMICS FNR 2022-77 CA</title>
        <cusip>3136BPGF2</cusip>
        <identifiers>
          <isin value="US3136BPGF22"/>
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        <balance>334100.26000000</balance>
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        <curCd>USD</curCd>
        <valUSD>332618.66000000</valUSD>
        <pctVal>0.073174024652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
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          <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>NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>NEW YORK NY CITY TRANSITIONAL NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY</title>
        <cusip>64972JQX9</cusip>
        <identifiers>
          <isin value="US64972JQX99"/>
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        <balance>2205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2217496.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.72400000</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>AMUR EQUIPMENT FINANCE RECEIVABLES LLC</name>
        <lei>N/A</lei>
        <title>AMUR EQUIPMENT FINANCE RECEIVABLES XIII LLC AXIS 2024-1A A2</title>
        <cusip>03237CAB8</cusip>
        <identifiers>
          <isin value="US03237CAB81"/>
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        <balance>320106.98000000</balance>
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        <curCd>USD</curCd>
        <valUSD>322555.06000000</valUSD>
        <pctVal>0.070960095600</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.38000000</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>GENERAL MOTORS COMPANY</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GENERAL MOTORS CO 6.125000% 10/01/2025</title>
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        <identifiers>
          <isin value="US37045VAV27"/>
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        <balance>1642000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1646913.01000000</valUSD>
        <pctVal>0.362310560668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</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>B.A.T CAPITAL CORPORATION</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT CAPITAL CORP 3.215000% 09/06/2026</title>
        <cusip>05526DBJ3</cusip>
        <identifiers>
          <isin value="US05526DBJ37"/>
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        <balance>1765000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1735061.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.21500000</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>AMUR EQUIPMENT FINANCE RECEIVABLES LLC</name>
        <lei>N/A</lei>
        <title>AMUR EQUIPMENT FINANCE RECEIVABLES XI LLC AXIS 2022-2A A2</title>
        <cusip>03236XAB3</cusip>
        <identifiers>
          <isin value="US03236XAB38"/>
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        <balance>61574.53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61693.91000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE REMICS FNR 2023-32 BD</title>
        <cusip>3136BQAC3</cusip>
        <identifiers>
          <isin value="US3136BQAC38"/>
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        <balance>1915992.95000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1932038.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>SREIT COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>SREIT TRUST 2021-MFP SREIT 2021-MFP A</title>
        <cusip>78472UAA6</cusip>
        <identifiers>
          <isin value="US78472UAA60"/>
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        <balance>150991.49000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150802.75000000</valUSD>
        <pctVal>0.033175661720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.17398840</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>FORD CREDIT AUTO OWNER TRUST</name>
        <lei>N/A</lei>
        <title>FORD CREDIT AUTO OWNER TRUST 2025-A FORDO 2025-A A2A</title>
        <cusip>34535KAB4</cusip>
        <identifiers>
          <isin value="US34535KAB44"/>
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        <balance>1095000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1093775.13000000</valUSD>
        <pctVal>0.240623686976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.47000000</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>JPMORGAN CHASE &amp; CO.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO 1.470000% 09/22/2027</title>
        <cusip>46647PCP9</cusip>
        <identifiers>
          <isin value="US46647PCP99"/>
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        <balance>3650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3505195.30000000</valUSD>
        <pctVal>0.771121040811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.47000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-05-31</ncom:dateSigned>
      <ncom:nameOfApplicant>SEI INSTITUTIONAL INVESTMENTS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Glenn Kurdziel</ncom:signature>
      <ncom:signerName>Glenn Kurdziel</ncom:signerName>
      <ncom:title>Controller and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
