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        <name>AMERICAN HERITAGE AUTO RECEIVABLES TRUST</name>
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        <name>AMERICAN AUTOMOBILE RECEIVABLES TRUST</name>
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        <name>AMUR EQUIPMENT FINANCE RECEIVABLES LLC</name>
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        <name>BAIN CAPITAL CREDIT CLO</name>
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        <name>BAIN CAPITAL CREDIT CLO</name>
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        <name>The Bank of New York Mellon</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
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        <name>BANQUE FEDERATIVE DU CREDIT MUTUEL SA</name>
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        <name>BARINGS EQUIPMENT FINANCE LLC</name>
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        <name>B.A.T CAPITAL CORPORATION</name>
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        <lei>549300D2L6J4NC1QVZ22</lei>
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        <name>BMW US CAPITAL, LLC</name>
        <lei>KK5MZM9DIXLXZL9DZL15</lei>
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        <name>BMW VEHICLE LEASE TRUST</name>
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        <name>BMW VEHICLE LEASE TRUST</name>
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      <invstOrSec>
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      <invstOrSec>
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        <name>BSPRT ISSUER, LTD.</name>
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        <title>COLT FUNDING LLC COLT 2021-3R A1</title>
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          <isin value="US19688DAA81"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA PIPELINES HOLDING COMPANY LLC</name>
        <lei>N/A</lei>
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          <isin value="US19828AAA51"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CONNECTICUT AVENUE SECURITIES TRUST</name>
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        <title>CONNECTICUT AVENUE SECURITIES TRUST 2021-R03 CAS 2021-R03 1M2</title>
        <cusip>20754AAB9</cusip>
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          <isin value="US20754AAB98"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CONNECTICUT AVENUE SECURITIES TRUST</name>
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        <title>CONNECTICUT AVENUE SECURITIES TRUST 2022-R01 CAS 2022-R01 1M2</title>
        <cusip>20754LAB5</cusip>
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          <isin value="US20754LAB53"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CONNECTICUT AVENUE SECURITIES TRUST</name>
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        <title>CONNECTICUT AVENUE SECURITIES TRUST 2023-R03 CAS 2023-R03 2M1</title>
        <cusip>20753ACJ1</cusip>
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          <isin value="US20753ACJ16"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CONNECTICUT AVENUE SECURITIES TRUST</name>
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        <title>CONNECTICUT AVENUE SECURITIES TRUST 2024-R03 CAS 2024-R03 2M1</title>
        <cusip>207941AA3</cusip>
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          <isin value="US207941AA35"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>CONSUMERS SECURITIZATION FUNDING LLC</name>
        <lei>N/A</lei>
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        <cusip>21071BAA3</cusip>
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          <isin value="US21071BAA35"/>
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        <balance>204628.87000000</balance>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Cooperatieve Rabobank U.A.</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>COOPERATIEVE RABOBANK UA 144A 4.655000% 08/22/2028</title>
        <cusip>74977RDR2</cusip>
        <identifiers>
          <isin value="US74977RDR21"/>
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        <balance>2440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2463580.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-22</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
        <lei>N/A</lei>
        <title>COOPERATIEVE RABOBANK UA/NY 4.372000% 05/27/2027</title>
        <cusip>21688ABM3</cusip>
        <identifiers>
          <isin value="US21688ABM36"/>
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        <balance>1125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1134615.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cooperatieve Rabobank UA (New York Branch)</name>
        <lei>N/A</lei>
        <title>COOPERATIEVE RABOBANK UA/NY 5.500000% 10/05/2026</title>
        <cusip>21688AAY8</cusip>
        <identifiers>
          <isin value="US21688AAY82"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>757175.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <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>1013000.00000000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CPS AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>CPS AUTO RECEIVABLES TRUST 2025-C CPS 2025-C B</title>
        <cusip>12634SAB3</cusip>
        <identifiers>
          <isin value="US12634SAB34"/>
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        <balance>1390000.00000000</balance>
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        <valUSD>1398299.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.71000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>CREDIT ACCEPTANCE AUTO LOAN TRUST</name>
        <lei>N/A</lei>
        <title>CREDIT ACCEPTANCE AUTO LOAN TRUST 2023-3 CAALT 2023-3A A</title>
        <cusip>224936AA2</cusip>
        <identifiers>
          <isin value="US224936AA29"/>
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        <balance>617829.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>620140.54000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.39000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>CREDIT AGRICOLE SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>CREDIT AGRICOLE SA 144A 5.589000% 07/05/2026</title>
        <cusip>22534PAE3</cusip>
        <identifiers>
          <isin value="US22534PAE34"/>
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        <curCd>USD</curCd>
        <valUSD>1101102.00000000</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>2026-07-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.58900000</annualizedRt>
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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>
        <cusip>12596GBA6</cusip>
        <identifiers>
          <isin value="US12596GBA67"/>
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        <balance>232983.52000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>CSMC TRUST</name>
        <lei>N/A</lei>
        <title>CSMC 2021-AFC1 TRUST CSMC 2021-AFC1 A1</title>
        <cusip>12657LAA2</cusip>
        <identifiers>
          <isin value="US12657LAA26"/>
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        <curCd>USD</curCd>
        <valUSD>270524.25000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>CSMC TRUST</name>
        <lei>N/A</lei>
        <title>CSMC 2021-NQM1 CSMC 2021-NQM1 A1</title>
        <cusip>126407AA3</cusip>
        <identifiers>
          <isin value="US126407AA34"/>
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        <curCd>USD</curCd>
        <valUSD>253630.03000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>0.80899920</annualizedRt>
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          <isin value="US24381WAA62"/>
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        <name>DEUTSCHE BANK AG NEW YORK BRANCH</name>
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        <name>DEXT ABS LLC</name>
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        <name>DLLAA LLC</name>
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        <name>DRIVE AUTO RECEIVABLES TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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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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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DTE ELECTRIC COMPANY</name>
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          <isin value="US23338VAW63"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>DUKE ENERGY PROGRESS NC STORM FUNDING LLC</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ELLINGTON FINANCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>EFMT 2026-INV2 EFMT 2026-INV2 A1</title>
        <cusip>26846TAF6</cusip>
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          <isin value="US26846TAF66"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
        <lei>5493000PGBS1C22ELQ16</lei>
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          <isin value="US286181AM42"/>
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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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        <name>ELM TRUST</name>
        <lei>N/A</lei>
        <title>ELM TRUST 2024-ELM ELM 2024-ELM A10</title>
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          <isin value="US26860XAU54"/>
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        <name>ELM TRUST</name>
        <lei>N/A</lei>
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          <isin value="US26860XAA90"/>
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        <name>Enbridge Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
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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>ENTERPRISE FLEET FINANCING LLC</name>
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        <title>ENTERPRISE FLEET FINANCING 2022-3 LLC EFF 2022-3 A2</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>ENTERPRISE FLEET FINANCING LLC</name>
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        <title>ENTERPRISE FLEET FINANCING 2023-1 LLC EFF 2023-1 A2</title>
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          <isin value="US29375CAB54"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>HERTZ VEHICLE FINANCING III LLC</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HILTON GRAND VACATIONS TRUST</name>
        <lei>N/A</lei>
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          <isin value="US43285HAA68"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HNNT LLC</name>
        <lei>N/A</lei>
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          <isin value="US40472QAA58"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>HLTN COMMERCIAL MORTGAGE TRUST</name>
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          <isin value="US40424UAA51"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>HONDA AUTO RECEIVABLES OWNER TRUST</name>
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        <title>HONDA AUTO RECEIVABLES 2023-3 OWNER TRUST HAROT 2023-3 A3</title>
        <cusip>43815QAC1</cusip>
        <identifiers>
          <isin value="US43815QAC15"/>
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        <balance>537398.07000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>HONDA AUTO RECEIVABLES OWNER TRUST</name>
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        <title>HONDA AUTO RECEIVABLES 2024-4 OWNER TRUST HAROT 2024-4 A2</title>
        <cusip>43816DAB1</cusip>
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          <isin value="US43816DAB10"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <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>
        <identifiers>
          <isin value="US437921AB56"/>
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        <balance>255869.63000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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      <invstOrSec>
        <name>HONDA AUTO RECEIVABLES OWNER TRUST</name>
        <lei>N/A</lei>
        <title>HONDA AUTO RECEIVABLES 2025-4 OWNER TRUST HAROT 2025-4 A2A</title>
        <cusip>43814XAB9</cusip>
        <identifiers>
          <isin value="US43814XAB91"/>
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        <balance>685000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.04000000</annualizedRt>
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      <invstOrSec>
        <name>HONDA AUTO RECEIVABLES OWNER TRUST</name>
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        <title>HONDA AUTO RECEIVABLES 2026-1 OWNER TRUST HAROT 2026-1 A3</title>
        <cusip>43815CAD0</cusip>
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          <isin value="US43815CAD02"/>
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        <balance>175000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.78000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>HOWMET AEROSPACE INC.</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>HOWMET AEROSPACE INC 3.750000% 03/03/2028</title>
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        <identifiers>
          <isin value="US443201AF51"/>
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        <balance>925000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>HPEFS EQUIPMENT TRUST</name>
        <lei>N/A</lei>
        <title>HPEFS EQUIPMENT TRUST 2024-1 HPEFS 2024-1A A3</title>
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        <identifiers>
          <isin value="US403963AC56"/>
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        <balance>74937.87000000</balance>
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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>HPEFS EQUIPMENT TRUST</name>
        <lei>N/A</lei>
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        <cusip>403963AC5</cusip>
        <identifiers>
          <isin value="US403963AC56"/>
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        <balance>106786.46000000</balance>
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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>HPEFS EQUIPMENT TRUST</name>
        <lei>N/A</lei>
        <title>HPEFS EQUIPMENT TRUST 2025-2 HPEFS 2025-2A A2</title>
        <cusip>442927AB5</cusip>
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          <isin value="US442927AB50"/>
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        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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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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        <name>HYUNDAI AUTO LEASE SECURITIZATION TRUST</name>
        <lei>N/A</lei>
        <title>HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-B HALST 2025-B A2A</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HYUNDAI AUTO LEASE SECURITIZATION TRUST</name>
        <lei>N/A</lei>
        <title>HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-C HALST 2025-C A3</title>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <cusip>46647TAT5</cusip>
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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>
      <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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        <balance>125382.87300000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO.</name>
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          <isin value="US46647PCP99"/>
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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>
      <invstOrSec>
        <name>KKR CLO LTD/LLC</name>
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        <title>KKR CLO 11 LTD KKR 11 AR</title>
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          <isin value="US48250MAK36"/>
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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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      <invstOrSec>
        <name>KKR FINANCIAL CLO, LTD.</name>
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        <title>KKR CLO 21 LTD KKR 21 A</title>
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          <isin value="US48252KAA79"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Kraft Heinz Foods Company</name>
        <lei>5493003STKEZ2S0RNU91</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KUBOTA CREDIT OWNER TRUST</name>
        <lei>N/A</lei>
        <title>KUBOTA CREDIT OWNER TRUST 2025-1 KCOT 2025-1A A2</title>
        <cusip>50117FAB7</cusip>
        <identifiers>
          <isin value="US50117FAB76"/>
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        <balance>882179.17000000</balance>
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        <curCd>USD</curCd>
        <valUSD>885584.03000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KUBOTA CREDIT OWNER TRUST</name>
        <lei>N/A</lei>
        <title>KUBOTA CREDIT OWNER TRUST 2025-2 KCOT 2025-2A A2</title>
        <cusip>50117LAB4</cusip>
        <identifiers>
          <isin value="US50117LAB45"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.48000000</annualizedRt>
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      <invstOrSec>
        <name>KUBOTA CREDIT OWNER TRUST</name>
        <lei>N/A</lei>
        <title>KUBOTA CREDIT OWNER TRUST 2026-1 KCOT 2026-1A A2</title>
        <cusip>50118HAB2</cusip>
        <identifiers>
          <isin value="US50118HAB24"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>195165.89000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.84000000</annualizedRt>
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      <invstOrSec>
        <name>LINCOLN FINANCIAL GLOBAL FUNDING</name>
        <lei>984500OC010458395923</lei>
        <title>LINCOLN FINANCIAL GLOBAL FUNDING 144A 4.625000% 05/28/2028</title>
        <cusip>53359KAB7</cusip>
        <identifiers>
          <isin value="US53359KAB70"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>653775.09000000</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>2028-05-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>LLOYDS BANKING GROUP PLC 1.627000% 05/11/2027</title>
        <cusip>53944YAP8</cusip>
        <identifiers>
          <isin value="US53944YAP88"/>
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        <balance>2560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2547779.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62700000</annualizedRt>
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        <name>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>LLOYDS BANKING GROUP PLC 5.462000% 01/05/2028</title>
        <cusip>53944YAZ6</cusip>
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          <isin value="US53944YAZ60"/>
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        <balance>470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>475792.14000000</valUSD>
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        <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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          <isLoanByFund>N</isLoanByFund>
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        <name>MACQUARIE BANK LIMITED</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
        <title>MACQUARIE BANK LTD MTN 3.915000% 02/03/2028</title>
        <cusip>55608PBZ6</cusip>
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          <isin value="US55608PBZ62"/>
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        <balance>925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>928628.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.91500000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>MARRIOTT INTERNATIONAL, INC.</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>MARRIOTT INTERNATIONAL INC/MD 4.200000% 07/15/2027</title>
        <cusip>571903BV4</cusip>
        <identifiers>
          <isin value="US571903BV42"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>552284.82000000</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>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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        <name>MARS, INCORPORATED</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>MARS INC 144A 4.450000% 03/01/2027</title>
        <cusip>571676AW5</cusip>
        <identifiers>
          <isin value="US571676AW54"/>
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        <balance>1870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1885290.65000000</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>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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        <name>MARS, INCORPORATED</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>MARS INC 144A 4.450000% 03/01/2027</title>
        <cusip>571676AW5</cusip>
        <identifiers>
          <isin value="US571676AW54"/>
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        <balance>1125000.00000000</balance>
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        <valUSD>1134198.92000000</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>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>268654.35000000</valUSD>
        <pctVal>0.072633852329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Nationwide Building Society</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NAVIENT PRIVATE EDUCATION LOAN TRUST</name>
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          <isin value="US63941JAA60"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>NAVIENT PRIVATE EDUCATION LOAN TRUST</name>
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        <name>NAVIENT PRIVATE EDUCATION LOAN TRUST</name>
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        <name>NAVISTAR FINANCIAL DEALER NOTE MASTER TRUST</name>
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        <name>NAVISTAR FINANCIAL DEALER NOTE MASTER TRUST</name>
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        <name>NEUBERGER BERMAN LOAN ADVISERS LLC</name>
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        <valUSD>170000.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <securityLending>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSN TR FD AUTH</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK N Y</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>NEXTERA ENERGY CAPITAL HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NEXTGEAR FLOORPLAN MASTER OWNER TRUST</name>
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      <invstOrSec>
        <name>NEXTGEAR FLOORPLAN MASTER OWNER TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>NISSAN AUTO LEASE TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>NISSAN AUTO LEASE TRUST</name>
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          <isin value="US65481HAB96"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NISSAN AUTO RECEIVABLES OWNER TRUST</name>
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        <valUSD>507465.75000000</valUSD>
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        <name>NISSAN AUTO RECEIVABLES OWNER TRUST</name>
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        <name>NISSAN AUTO RECEIVABLES OWNER TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Nordea Bank Abp</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>FI</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Novant Health, Inc.</name>
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        <name>NORTH COMMERCIAL MORTGAGE TRUST</name>
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      <invstOrSec>
        <name>NTT FINANCE CORPORATION</name>
        <lei>3538007PR116187GD960</lei>
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        <balance>355000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NTT FINANCE CORPORATION</name>
        <lei>3538007PR116187GD960</lei>
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        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>NYC COMMERCIAL MORTGAGE TRUST</name>
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        <name>NEW YORK TAX LIEN NYCTL</name>
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      <invstOrSec>
        <name>NEW YORK TAX LIEN NYCTL</name>
        <lei>N/A</lei>
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          <isin value="US62957CAA45"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>NYSEG STORM FUNDING, LLC</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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        <name>OBX TRUST</name>
        <lei>N/A</lei>
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          <isin value="US67112FAD24"/>
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        <name>OCTAGON INVESTMENT PARTNERS, LTD.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>OCTANE RECEIVABLES TRUST</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>ONEMAIN FINANCIAL ISSUANCE TRUST</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCIAL ISSUANCE TRUST 2022-S1 OMFIT 2022-S1 A</title>
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        <name>ONEOK, INC.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
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          <isin value="US682680BH51"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ONEOK, INC.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC 5.550000% 11/01/2026</title>
        <cusip>682680BH5</cusip>
        <identifiers>
          <isin value="US682680BH51"/>
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        <curCd>USD</curCd>
        <valUSD>1871636.36000000</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>
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        <name>ORACLE CORPORATION</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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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>2026-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PACCAR FINANCIAL CORP.</name>
        <lei>PH3S12DWZBHHQKVYZ297</lei>
        <title>PACCAR FINANCIAL CORP MTN 3.900000% 02/05/2029</title>
        <cusip>69371RU38</cusip>
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        <curCd>USD</curCd>
        <valUSD>750399.26000000</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>2029-02-05</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PACIFIC GAS AND ELECTRIC COMPANY</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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        <cusip>694308KW6</cusip>
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          <isin value="US694308KW66"/>
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        <curCd>USD</curCd>
        <valUSD>1797996.96000000</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>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PACIFIC LIFE GLOBAL FUNDING II</name>
        <lei>6354003EUPCHXTWUU869</lei>
        <title>PACIFIC LIFE GLOBAL FUNDING II 144A 5.500000% 08/28/2026</title>
        <cusip>6944PL2W8</cusip>
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          <isin value="US6944PL2W87"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>PALMER SQUARE CLO</name>
        <lei>N/A</lei>
        <title>PALMER SQUARE CLO 2021-3 LTD PLMRS 2021-3A A1R</title>
        <cusip>69688FAN0</cusip>
        <identifiers>
          <isin value="US69688FAN06"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.96218960</annualizedRt>
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        <name>PALMER SQUARE LOAN FUNDING LTD.</name>
        <lei>N/A</lei>
        <title>PALMER SQUARE LOAN FUNDING 2024-1 LTD PSTAT 2024-1A A2R</title>
        <cusip>69703NAL8</cusip>
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          <isin value="US69703NAL82"/>
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        <valUSD>925000.00000000</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>4.80962880</annualizedRt>
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        <name>PALMER SQUARE LOAN FUNDING LTD.</name>
        <lei>N/A</lei>
        <title>PALMER SQUARE LOAN FUNDING 2024-3 LTD PSTAT 2024-3A A1R</title>
        <cusip>69690EAJ8</cusip>
        <identifiers>
          <isin value="US69690EAJ82"/>
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        <balance>925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>924001.93000000</valUSD>
        <pctVal>0.249814751690</pctVal>
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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>4.48027920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PARAGON MORTGAGES PLC</name>
        <lei>N/A</lei>
        <title>PARAGON MORTGAGES NO 12 PLC PARGN 12A A2C</title>
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        <identifiers>
          <isin value="US69913BAB27"/>
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        <balance>34895.64000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34722.91000000</valUSD>
        <pctVal>0.009387745694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
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        <name>PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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

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        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
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        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
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        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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        <name>PORSCHE FINANCIAL AUTO SECURITIZATION TRUST</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PRPM LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2025-RCF3 LLC PRPM 2025-RCF3 A1</title>
        <cusip>69392PAA3</cusip>
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          <isin value="US69392PAA30"/>
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        <balance>326492.28000000</balance>
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        <curCd>USD</curCd>
        <valUSD>330855.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>RCKT MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>RCKT MORTGAGE TRUST 2023-CES1 RCKT 2023-CES1 A1A</title>
        <cusip>74935WAA2</cusip>
        <identifiers>
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        <balance>83891.19550000</balance>
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        <curCd>USD</curCd>
        <valUSD>84019.74000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>6.51499920</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RCKT MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>RCKT MORTGAGE TRUST 2025-CES1 RCKT 2025-CES1 A1A</title>
        <cusip>749427AA8</cusip>
        <identifiers>
          <isin value="US749427AA88"/>
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        <balance>309221.33910000</balance>
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        <curCd>USD</curCd>
        <valUSD>312923.65000000</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>
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          <maturityDt>2045-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL MORTGAGE LOAN TRUST</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL MORTGAGE LOAN TRUST 2020-1 RMLT 2020-1 A1</title>
        <cusip>76119CAA9</cusip>
        <identifiers>
          <isin value="US76119CAA99"/>
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        <balance>2477.15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2467.12000000</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>2060-01-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.37600000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RIO TINTO FINANCE (USA) PLC</name>
        <lei>2138006TSNBEUA761G16</lei>
        <title>RIO TINTO FINANCE USA PLC 4.375000% 03/12/2027</title>
        <cusip>76720AAQ9</cusip>
        <identifiers>
          <isin value="US76720AAQ94"/>
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        <balance>1010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1017878.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANQUE ROYALE DU CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>ROYAL BANK OF CANADA MTN 5.069000% 07/23/2027</title>
        <cusip>78016HZX1</cusip>
        <identifiers>
          <isin value="US78016HZX15"/>
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        <balance>2470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2480855.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.06900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <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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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>602920.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</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>RWJ BARNABAS HEALTH, INC.</name>
        <lei>549300HV60S88R85TC91</lei>
        <title>RWJ BARNABAS HEALTH INC 2.954000% 07/01/2026</title>
        <cusip>78349AAA1</cusip>
        <identifiers>
          <isin value="US78349AAA16"/>
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        <balance>545000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>541215.83000000</valUSD>
        <pctVal>0.146324043048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95400000</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>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>798756.28000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>798168.32000000</valUSD>
        <pctVal>0.215794160373</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>2029-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.76000000</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>SANTANDER DRIVE AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-4 SDART 2025-4 A2</title>
        <cusip>802923AB8</cusip>
        <identifiers>
          <isin value="US802923AB83"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>305639.86000000</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>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.28000000</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>SANTANDER UK GROUP HOLDINGS PLC</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>SANTANDER UK GROUP HOLDINGS PLC 1.673000% 06/14/2027</title>
        <cusip>80281LAQ8</cusip>
        <identifiers>
          <isin value="US80281LAQ86"/>
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        <balance>2050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2035778.39000000</valUSD>
        <pctVal>0.550396548408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.67300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SBNA AUTO LEASE TRUST</name>
        <lei>N/A</lei>
        <title>SBNA AUTO LEASE TRUST 2024-A SBALT 2024-A A3</title>
        <cusip>78414SAE4</cusip>
        <identifiers>
          <isin value="US78414SAE46"/>
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        <balance>6261.03000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6266.60000000</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>
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          <maturityDt>2026-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.39000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SCCU AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>SCCU AUTO RECEIVABLES TRUST 2025-1 SCCU 2025-1A A2</title>
        <cusip>80620BAB3</cusip>
        <identifiers>
          <isin value="US80620BAB36"/>
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        <balance>203541.68000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204143.41000000</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>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.67000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>SCF EQUIPMENT LEASING LLC</name>
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        <title>SCF EQUIPMENT LEASING 2025-1 LLC SCFET 2025-1A A2</title>
        <cusip>78437DAB6</cusip>
        <identifiers>
          <isin value="US78437DAB64"/>
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        <balance>47643.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47782.19000000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.82000000</annualizedRt>
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        <name>SCF EQUIPMENT LEASING LLC</name>
        <lei>N/A</lei>
        <title>SCF EQUIPMENT LEASING 2025-2 LLC SCFET 2025-2A A2</title>
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          <isin value="US78439XAB01"/>
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        <balance>1725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1733599.13000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.26000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SECURITIZED TERM AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>SECURITIZED TERM AUTO RECEIVABLES TRUST SSTRT 2025-A B</title>
        <cusip>81378RAB0</cusip>
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          <isin value="US81378RAB06"/>
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        <balance>436138.86000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>440770.35000000</valUSD>
        <pctVal>0.119167430243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.03800000</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>
      <invstOrSec>
        <name>SECURITIZED TERM AUTO RECEIVABLES TRUST</name>
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        <name>SOFI CONSUMER LOAN PROGRAM LLC</name>
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        <name>SOLVENTUM CORPORATION</name>
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        <name>STAR TRUST</name>
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        <name>STARWOOD MORTGAGE RESIDENTIAL TRUST</name>
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        <name>STELLANTIS FINANCIAL UNDERWRITTEN ENHANCED LEASE TRUST</name>
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      <invstOrSec>
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        <name>STELLANTIS FINANCIAL UNDERWRITTEN ENHANCED LEASE TRUST</name>
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        <name>STRYKER CORPORATION</name>
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        <name>Swedbank AB</name>
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      <invstOrSec>
        <name>SYNCHRONY CARD ISSUANCE TRUST, SYNCHRONY</name>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>THE TORONTO-DOMINION BANK</name>
        <lei>PT3QB789TSUIDF371261</lei>
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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>THE TORONTO-DOMINION BANK</name>
        <lei>PT3QB789TSUIDF371261</lei>
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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>
          <annualizedRt>5.53200000</annualizedRt>
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      <invstOrSec>
        <name>TOWD POINT MORTGAGE TRUST</name>
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        <name>TOWD POINT MORTGAGE TRUST</name>
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        <name>TOWD POINT MORTGAGE TRUST</name>
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        <name>TOWD POINT MORTGAGE TRUST</name>
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        <name>TOYOTA AUTO RECEIVABLES OWNER TRUST</name>
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          <couponKind>Fixed</couponKind>
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        <name>TOYOTA AUTO RECEIVABLES OWNER TRUST</name>
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        <name>TOYOTA AUTO RECEIVABLES OWNER TRUST</name>
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        <name>TOYOTA AUTO RECEIVABLES OWNER TRUST</name>
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        <title>TOYOTA AUTO RECEIVABLES 2026-A OWNER TRUST TAOT 2026-A A2A</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOYOTA LEASE OWNER TRUST</name>
        <lei>N/A</lei>
        <title>TOYOTA LEASE OWNER TRUST 2024-A TLOT 2024-A A3</title>
        <cusip>89238GAD3</cusip>
        <identifiers>
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        <balance>240992.65000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <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>590508.77000000</balance>
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        <curCd>USD</curCd>
        <valUSD>591250.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TOYOTA LEASE OWNER TRUST</name>
        <lei>N/A</lei>
        <title>TOYOTA LEASE OWNER TRUST 2025-B TLOT 2025-B A3</title>
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          <isin value="US89240NAD49"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>TOYOTA LEASE OWNER TRUST</name>
        <lei>N/A</lei>
        <title>TOYOTA LEASE OWNER TRUST 2026-A TLOT 2026-A A3</title>
        <cusip>89240MAD6</cusip>
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          <isin value="US89240MAD65"/>
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        <balance>545000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOYOTA MOTOR CREDIT CORPORATION</name>
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        <title>TOYOTA MOTOR CREDIT CORP 4.500000% 05/14/2027</title>
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          <isin value="US89236TNG66"/>
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        <curCd>USD</curCd>
        <valUSD>656290.49000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOYOTA MOTOR CREDIT CORPORATION</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>TOYOTA MOTOR CREDIT CORP MTN 3.750000% 01/12/2028</title>
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          <isin value="US89236TPF65"/>
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        <curCd>USD</curCd>
        <valUSD>926290.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>TOYOTA MOTOR CREDIT CORPORATION</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>TOYOTA MTR CR CORP 0% CP 13/07/2026 7/13/2026</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>TRI-PARTY REPURCHASE AGREEMENT (ACT/360) DAILY RESET  BARCLAYS</title>
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          <other otherDesc="All Others" value="BAR-B3141"/>
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        <curCd>USD</curCd>
        <valUSD>1000000.00000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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              <invstCat>UST</invstCat>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>TRI-PARTY REPURCHASE AGREEMENT (ACT/360) DAILY RESET  PARIBAS</title>
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          <other otherDesc="All Others" value="BNP-P3141"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>TRICON RESIDENTIAL TRUST</name>
        <lei>N/A</lei>
        <title>TRICON RESIDENTIAL 2024-SFR2 TRUST TCN 2024-SFR2 A</title>
        <cusip>89616VAA8</cusip>
        <identifiers>
          <isin value="US89616VAA89"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>TRICON RESIDENTIAL TRUST</name>
        <lei>N/A</lei>
        <title>TRICON RESIDENTIAL 2026-SFR1 TRUST TCN 2026-SFR1 A</title>
        <cusip>895989AA9</cusip>
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          <isin value="US895989AA97"/>
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        <balance>485000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>TRICON RESIDENTIAL TRUST</name>
        <lei>N/A</lei>
        <title>TRICON RESIDENTIAL 2026-SFR1 TRUST TCN 2026-SFR1 B</title>
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          <isin value="US895989AB70"/>
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      <invstOrSec>
        <name>TRILLIUM CREDIT CARD TRUST II</name>
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        <title>TRILLIUM CREDIT CARD TRUST II TCCT 2025-1A B</title>
        <cusip>89621ACD9</cusip>
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          <isin value="US89621ACD90"/>
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        <name>TRINITY RAIL LEASING LLC</name>
        <lei>N/A</lei>
        <title>TRINITY RAIL LEASING 2020 LLC TRL 2020-2A A2</title>
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        <name>TRIUMPH RAIL LLC</name>
        <lei>N/A</lei>
        <title>TRIUMPH RAIL HOLDINGS LLC TRP 2021-2 A</title>
        <cusip>89683LAA8</cusip>
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          <isin value="US89683LAA89"/>
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        <valUSD>428401.43000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TRK TRUST</name>
        <lei>N/A</lei>
        <title>TRK 2021-INV1 TRUST TRK 2021-INV1 A1</title>
        <cusip>89688WAA9</cusip>
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          <isin value="US89688WAA99"/>
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        <curCd>USD</curCd>
        <valUSD>203618.16000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>1.15300080</annualizedRt>
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      </invstOrSec>
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        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
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          <isin value="US89788JAJ88"/>
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        <valUSD>927194.72000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>JJKC32MCHWDI71265Z06</lei>
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          <isin value="US89788JAJ88"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>JJKC32MCHWDI71265Z06</lei>
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          <isin value="US89788JAE91"/>
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        <name>TSTAT LTD</name>
        <lei>N/A</lei>
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        <invCountry>BM</invCountry>

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      <invstOrSec>
        <name>UBS AG LONDON BRANCH</name>
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          <isin value="US902674ZZ69"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UBS AG</name>
        <lei>254900R882POXXVAK772</lei>
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        <cusip>90261AAD4</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>UBS COMMERCIAL MORTGAGE TRUST</name>
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        <title>UBS COMMERCIAL MORTGAGE TRUST 2017-C4 UBSCM 2017-C4 ASB</title>
        <cusip>90276RBC1</cusip>
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          <isin value="US90276RBC16"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <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>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50420000</annualizedRt>
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      <invstOrSec>
        <name>UBS COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>UBS COMMERCIAL MORTGAGE TRUST 2019-C16 UBSCM 2019-C16 ASB</title>
        <cusip>90276YAC7</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.46030000</annualizedRt>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG 4.550000% 04/17/2026</title>
        <cusip>902613BB3</cusip>
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          <isin value="US902613BB36"/>
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        <issuerCat>NUSS</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>United States of America</name>
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        <name>US 2YR NOTE (CBT) JUN26</name>
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        <name>U.S. Bank National Association</name>
        <lei>6BYL5QZYBDK8S7L73M02</lei>
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        <name>USB AUTO OWNER TRUST</name>
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        <name>WESTLAKE AUTOMOBILE RECEIVABLES TRUST</name>
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        <valUSD>220023.25000000</valUSD>
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        <securityLending>
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        <name>WF CARD ISSUANCE TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WHEELS FLEET LEASE FUNDING LLC</name>
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        <valUSD>220122.41000000</valUSD>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>WHEELS FLEET LEASE FUNDING LLC</name>
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          <isin value="US96328GBG10"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>WHEELS FLEET LEASE FUNDING LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WHEELS FLEET LEASE FUNDING LLC</name>
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          <isin value="US96328GCE52"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
      <invstOrSec>
        <name>THE WILLIAMS COMPANIES, INC.</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
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          <isin value="US969457CH11"/>
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        <valUSD>1390000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-02</maturityDt>
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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>WORLD OMNI AUTO RECEIVABLE TRUST</name>
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        <title>WORLD OMNI AUTO RECEIVABLES TRUST 2022-D WOART 2022-D A3</title>
        <cusip>98163VAD0</cusip>
        <identifiers>
          <isin value="US98163VAD01"/>
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        <balance>243473.23000000</balance>
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        <valUSD>244243.99000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.61000000</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>WORLD OMNI AUTO RECEIVABLE TRUST</name>
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        <title>WORLD OMNI AUTO RECEIVABLES TRUST 2026-A WOART 2026-A A3</title>
        <cusip>98190AAD3</cusip>
        <identifiers>
          <isin value="US98190AAD37"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>286138.66000000</valUSD>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TRUST</name>
        <lei>N/A</lei>
        <title>WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TRUST 2 WOLS 2024-A A4</title>
        <cusip>981946AE6</cusip>
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          <isin value="US981946AE69"/>
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        <balance>1125000.00000000</balance>
        <units>PA</units>
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        <valUSD>1137036.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TRUST</name>
        <lei>N/A</lei>
        <title>WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TRUST 2 WOLS 2025-A A3</title>
        <cusip>98164PAD2</cusip>
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        <balance>290000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>292254.05000000</valUSD>
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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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          <maturityDt>2028-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-02-28</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>
  <documents>XXXX</documents>
</edgarSubmission>
