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        <name>LVMH Moet Hennessy Louis Vuitt</name>
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        <name>Fannie Mae</name>
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        <name>Fannie Mae</name>
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        <name>Deutsche Telekom AG</name>
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        <name>Global Business Travel Group I</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vale SA</name>
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        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COMCAST CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Janus Henderson Group PLC</name>
        <lei>2138009WPYMWJN3RVF44</lei>
        <title>Janus Henderson Group PLC</title>
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          <ticker value="JHG"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Centene Corp</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp</title>
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          <isin value="US15135B1017"/>
          <ticker value="CNC"/>
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        <balance>43900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2665169.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT CO LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co LLC</title>
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          <isin value="US345397D831"/>
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        <curCd>USD</curCd>
        <valUSD>200951.14000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-05</maturityDt>
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          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgag</name>
        <lei>549300FWFHJGIW2B2U59</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2016-C34</title>
        <cusip>95000DBC4</cusip>
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          <isin value="US95000DBC48"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-15</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>BMO Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMO 2025-5C9 Mortgage Trust</title>
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          <isin value="US096933AC06"/>
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        <balance>825000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-04-15</maturityDt>
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      <invstOrSec>
        <name>ADAPTHEALTH LLC</name>
        <lei>N/A</lei>
        <title>AdaptHealth LLC</title>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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      <invstOrSec>
        <name>CENTERPOINT ENER HOUSTON</name>
        <lei>549300S8SEQBOJLKHW63</lei>
        <title>CenterPoint Energy Houston Electric LLC</title>
        <cusip>15189XAQ1</cusip>
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          <isin value="US15189XAQ16"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
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          <annualizedRt>2.40000000</annualizedRt>
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        <name>CITIBANK, NATIONAL ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VENTURE GLOBAL LNG INC</name>
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        <title>Venture Global LNG Inc</title>
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      <invstOrSec>
        <name>MTN Commercial Mortgage Trust</name>
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        <title>MTN Commercial Mortgage Trust 2022-LPFL</title>
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      <invstOrSec>
        <name>RHP HOTEL PPTY/RHP FINAN</name>
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      <invstOrSec>
        <name>NRG ENERGY INC</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy Inc</title>
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      <invstOrSec>
        <name>SAN DIEGO G &amp; E</name>
        <lei>KNIRVXKVNJJ4P8OTMS63</lei>
        <title>San Diego Gas &amp; Electric Co</title>
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        <balance>230000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Qantas Airways Ltd</name>
        <lei>YLXNW6TI6QSK1H8H0N82</lei>
        <title>Qantas Airways Ltd</title>
        <cusip>000000000</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>H Lundbeck A/S</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Southwest Gas Holdings Inc</name>
        <lei>254900LKF9EV0CUKNE09</lei>
        <title>Southwest Gas Holdings Inc</title>
        <cusip>844895102</cusip>
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          <isin value="US8448951025"/>
          <ticker value="SWX"/>
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        <curCd>USD</curCd>
        <valUSD>251300.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Accenture PLC</name>
        <lei>5493000EWHDSR3MZWH98</lei>
        <title>Accenture PLC</title>
        <cusip>000000000</cusip>
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          <isin value="IE00B4BNMY34"/>
          <ticker value="ACN"/>
          <other otherDesc="SEDOL" value="B4BNMY3"/>
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        <balance>400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124816.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>XPO INC</name>
        <lei>54930096DB9LCLPN7H13</lei>
        <title>XPO Inc</title>
        <cusip>98379KAB8</cusip>
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          <isin value="US98379KAB89"/>
          <other otherDesc="SEDOL" value="BP48974"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25646.87000000</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>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DUKE ENERGY CORP</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp</title>
        <cusip>26441CAS4</cusip>
        <identifiers>
          <isin value="US26441CAS44"/>
          <other otherDesc="SEDOL" value="BDGM1J6"/>
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        <balance>210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204532.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</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>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418DQH8</cusip>
        <identifiers>
          <isin value="US31418DQH88"/>
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        <balance>442872.99000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>372974.21000000</valUSD>
        <pctVal>0.038407213601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREEPORT INDONESIA PT</name>
        <lei>549300T4HTQHRKLNE619</lei>
        <title>Freeport Indonesia PT</title>
        <cusip>69377FAB2</cusip>
        <identifiers>
          <isin value="US69377FAB22"/>
          <other otherDesc="SEDOL" value="BP92TH1"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196252.00000000</valUSD>
        <pctVal>0.020209151951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.31500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Twist Bioscience Corp</name>
        <lei>549300T23BL59LCOH584</lei>
        <title>Twist Bioscience Corp</title>
        <cusip>90184D100</cusip>
        <identifiers>
          <isin value="US90184D1000"/>
          <ticker value="TWST"/>
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        <balance>3100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>121706.00000000</valUSD>
        <pctVal>0.012532738761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CCO HLDGS LLC/CAP CORP</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp</title>
        <cusip>1248EPCB7</cusip>
        <identifiers>
          <isin value="US1248EPCB75"/>
          <other otherDesc="SEDOL" value="BK8KJX7"/>
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        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>362872.65000000</valUSD>
        <pctVal>0.037367000197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>J.P. MORGAN SECURITIES LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>INR CALL VERSUS USD PUT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FXB8ADFXED1"/>
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        <balance>400000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>26.84000000</valUSD>
        <pctVal>0.000002763862</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                  <derivAddlInfo>
                    <name>J.P. MORGAN SECURITIES LLC</name>
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                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="INTERNAL" value="PI61890_FXB8ADFXED1_187_S"/>
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                    <balance>0.00000000</balance>
                    <units>NC</units>
                    <currencyConditional curCd="INR" exchangeRt="0.00000000"/>
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                    <pctVal>0.00000000</pctVal>
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                    <issuerCat>CORP</issuerCat>
                    <invCountry>US</invCountry>
                    <invOthCountry>US</invOthCountry>
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                  <amtCurSold>N/A</amtCurSold>
                  <curSold>INR</curSold>
                  <amtCurPur>N/A</amtCurPur>
                  <curPur>USD</curPur>
                  <settlementDt>2026-01-08</settlementDt>
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            <principalAmt>400000.00000000</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>75.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-08</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>18.91000000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ASML Holding NV</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
          <ticker value="ASML"/>
          <other otherDesc="SEDOL" value="B929F46"/>
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        <balance>907.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
        <valUSD>600228.80000000</valUSD>
        <pctVal>0.061808873410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HD Hyundai Electric Co Ltd</name>
        <lei>988400CSDKM9UHLHGB91</lei>
        <title>HD Hyundai Electric Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KR7267260008"/>
          <ticker value="267260"/>
          <other otherDesc="SEDOL" value="BD4HFR9"/>
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        <balance>324.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1472.50000000"/>
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        <pctVal>0.006808921656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BP CAPITAL MARKETS PLC</name>
        <lei>549300CRVT18MXX0AG93</lei>
        <title>BP Capital Markets PLC</title>
        <cusip>05565QDU9</cusip>
        <identifiers>
          <isin value="US05565QDU94"/>
          <other otherDesc="SEDOL" value="BL5DJC5"/>
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        <balance>156000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>155025.00000000</valUSD>
        <pctVal>0.015963780145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YED3</cusip>
        <identifiers>
          <isin value="US61747YED31"/>
          <other otherDesc="SEDOL" value="BNZKG63"/>
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        <balance>1005000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>853615.80000000</valUSD>
        <pctVal>0.087901531755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.23900000</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>
        <name>APTIV SWISS HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>Aptiv Swiss Holdings Ltd</title>
        <cusip>03837AAB6</cusip>
        <identifiers>
          <isin value="US03837AAB61"/>
          <other otherDesc="SEDOL" value="BRBVXR8"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>377223.16000000</valUSD>
        <pctVal>0.038844751441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nokia Oyj</name>
        <lei>549300A0JPRWG1KI7U06</lei>
        <title>Nokia Oyj</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009000681"/>
          <ticker value="NOKIA"/>
          <other otherDesc="SEDOL" value="5902941"/>
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        <balance>149136.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
        <valUSD>785468.89000000</valUSD>
        <pctVal>0.080884068192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NatWest Group PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BM8PJY71"/>
          <ticker value="NWG"/>
          <other otherDesc="SEDOL" value="BM8PJY7"/>
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        <balance>153574.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.77414360"/>
        <valUSD>906760.84000000</valUSD>
        <pctVal>0.093374169938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Remitly Global Inc</name>
        <lei>N/A</lei>
        <title>Remitly Global Inc</title>
        <cusip>75960P104</cusip>
        <identifiers>
          <isin value="US75960P1049"/>
          <ticker value="RELY"/>
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        <balance>11300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>235040.00000000</valUSD>
        <pctVal>0.024203366460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aristocrat Leisure Ltd</name>
        <lei>529900TE2HO3OZKYKC27</lei>
        <title>Aristocrat Leisure Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ALL7"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Mitek Systems Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Service Properties Trust</name>
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        <name>REPUBLIC OF SERBIA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Tractors Tbk PT</name>
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          <isin value="ID1000058407"/>
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        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IBERDROLA INTL BV</name>
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        <title>Iberdrola International BV</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Civista Bancshares Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Atlas Copco AB</name>
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        <title>Atlas Copco AB</title>
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          <isin value="SE0017486897"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CHARTER COMM OPT LLC/CAP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Enova International Inc</name>
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        <name>STRIPS</name>
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        <title>United States Treasury Strip Coupon</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <name>TAYLOR MORRISON COMM</name>
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        <name>JOHNS HOPKINS UNIVERSITY</name>
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        <title>Johns Hopkins University</title>
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        <title>Petco Health &amp; Wellness Co Inc</title>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mueller Industries Inc</name>
        <lei>5493005IZFE4VJLLYG84</lei>
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          <ticker value="MLI"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK LIFE INSURANCE</name>
        <lei>TAE73CY392TBWJ3O3305</lei>
        <title>New York Life Insurance Co</title>
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          <isin value="US64952GAF54"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124423.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CELLNEX TELECOM SA</name>
        <lei>5493008T4YG3AQUI7P67</lei>
        <title>Cellnex Telecom SA</title>
        <cusip>000000000</cusip>
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          <isin value="XS2247549731"/>
          <other otherDesc="SEDOL" value="BMDCG20"/>
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        <balance>300000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
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        <pctVal>0.030235838272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ardelyx Inc</name>
        <lei>549300F542QR4SXHCY32</lei>
        <title>Ardelyx Inc</title>
        <cusip>039697107</cusip>
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          <isin value="US0396971071"/>
          <ticker value="ARDX"/>
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        <balance>13700.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67267.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROADCOM INC</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom Inc</title>
        <cusip>11135FBK6</cusip>
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          <isin value="US11135FBK66"/>
          <other otherDesc="SEDOL" value="BKMQWT8"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1558619.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.41900000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bandai Namco Holdings Inc</name>
        <lei>3538008EFEM34VRJDQ95</lei>
        <title>Bandai Namco Holdings Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3778630008"/>
          <ticker value="7832"/>
          <other otherDesc="SEDOL" value="B0JDQD4"/>
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        <balance>4100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="149.99000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
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        <title>SWOP CDS CDX.NA.IG.43.V1</title>
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          <other otherDesc="INTERNAL" value="SWB8ADFTFQ0"/>
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        <balance>3750000.00000000</balance>
        <units>OU</units>
        <descOthUnits>Other</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>5371.99000000</valUSD>
        <pctVal>0.000553183469</pctVal>
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        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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                    <name>J.P. MORGAN SECURITIES LLC</name>
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                      <other otherDesc="INTERNAL" value="SWB8ADFTFQ0SO"/>
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                    <balance>0.00000000</balance>
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                    <curCd>USD</curCd>
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                      <issuerName>IHS MARKIT LTD</issuerName>
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                  <otherRecDesc fixedOrFloating="Other">Default Event</otherRecDesc>
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            <unrealizedAppr>-159.26000000</unrealizedAppr>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <title>COP CALL VERSUS USD PUT</title>
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          <other otherDesc="INTERNAL" value="FXB8ADJRHW5"/>
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        <balance>-242000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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                  <curSold>COP</curSold>
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      <invstOrSec>
        <name>Allstate Corp/The</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The</title>
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          <isin value="US0200021014"/>
          <ticker value="ALL"/>
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        <valUSD>2546961.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Samsung Electronics Co Ltd</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co Ltd</title>
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          <isin value="KR7005930003"/>
          <ticker value="005930"/>
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        <balance>4402.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <name>Granite Point Mortgage Trust I</name>
        <lei>529900VX2HQZ76AYIE02</lei>
        <title>Granite Point Mortgage Trust Inc</title>
        <cusip>38741L107</cusip>
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          <isin value="US38741L1070"/>
          <ticker value="GPMT"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Keurig Dr Pepper Inc</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>Keurig Dr Pepper Inc</title>
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          <isin value="US49271V1008"/>
          <ticker value="KDP"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BURLINGTN NORTH SANTA FE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TAYLOR MORRISON COMM</name>
        <lei>549300O1Z08HI2MRK572</lei>
        <title>Taylor Morrison Communities Inc</title>
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        <balance>90000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Frontdoor Inc</name>
        <lei>5493008RB0JZJI3QGZ06</lei>
        <title>Frontdoor Inc</title>
        <cusip>35905A109</cusip>
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          <isin value="US35905A1097"/>
          <ticker value="FTDR"/>
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        <balance>5900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226678.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>912810SJ8</cusip>
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          <isin value="US912810SJ88"/>
          <other otherDesc="SEDOL" value="BK9DLC8"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193453.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Greensky Home Improvement Issu</name>
        <lei>N/A</lei>
        <title>GreenSky Home Improvement Trust 2024-1</title>
        <cusip>39571MAD0</cusip>
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          <isin value="US39571MAD02"/>
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        <valUSD>68226.65000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2059-06-25</maturityDt>
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      <invstOrSec>
        <name>ST Engineering</name>
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        <title>Singapore Technologies Engineering Ltd</title>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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                      <other otherDesc="INTERNAL" value="PI61890_FXB8ADEMDE5_187_S"/>
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                    <invOthCountry>US</invOthCountry>
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            <principalAmt>-927000.00000000</principalAmt>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>Kongsberg Gruppen ASA</name>
        <lei>5967007LIEEXZXJ9HK73</lei>
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          <isin value="NO0003043309"/>
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        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.56100000</annualizedRt>
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      <invstOrSec>
        <name>Universal Corp/VA</name>
        <lei>549300BZXZ66F6DTIF20</lei>
        <title>Universal Corp/VA</title>
        <cusip>913456109</cusip>
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          <isin value="US9134561094"/>
          <ticker value="UVV"/>
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        <balance>2900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>162545.00000000</valUSD>
        <pctVal>0.016738156064</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Airlines Holdings Inc</name>
        <lei>98450079DA0B78DD6764</lei>
        <title>United Airlines Holdings Inc</title>
        <cusip>910047109</cusip>
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          <isin value="US9100471096"/>
          <ticker value="UAL"/>
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        <balance>29700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2050785.00000000</valUSD>
        <pctVal>0.211180653873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kansai Electric Power Co Inc/T</name>
        <lei>353800PFUKP5ONPJNZ86</lei>
        <title>Kansai Electric Power Co Inc/The</title>
        <cusip>000000000</cusip>
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          <isin value="JP3228600007"/>
          <ticker value="9503"/>
          <other otherDesc="SEDOL" value="6483489"/>
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        <balance>27400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="149.99000000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Inogen Inc</name>
        <lei>549300J8WJIVTOJ8IH97</lei>
        <title>Inogen Inc</title>
        <cusip>45780L104</cusip>
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          <isin value="US45780L1044"/>
          <ticker value="INGN"/>
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        <balance>13700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97681.00000000</valUSD>
        <pctVal>0.010058751868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHARTER COMM OPT LLC/CAP</name>
        <lei>N/A</lei>
        <title>Charter Communications Operating LLC / Charter Communications Operating Capital</title>
        <cusip>161175BA1</cusip>
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          <isin value="US161175BA14"/>
          <other otherDesc="SEDOL" value="BYQ7R23"/>
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        <balance>172000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>162899.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.48400000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Bank</name>
        <lei>N/A</lei>
        <title>BANK 2017-BNK4</title>
        <cusip>06541FAZ2</cusip>
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          <isin value="US06541FAZ27"/>
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        <balance>994654.99000000</balance>
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        <curCd>USD</curCd>
        <valUSD>970911.48000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CIM Trust</name>
        <lei>N/A</lei>
        <title>CIM Trust 2025-I1</title>
        <cusip>12571DAA3</cusip>
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          <isin value="US12571DAA37"/>
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        <balance>480382.32000000</balance>
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        <curCd>USD</curCd>
        <valUSD>483563.65000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>INTERSTATE POWER &amp; LIGHT</name>
        <lei>EF9UQIIO4KY2BWOK3P26</lei>
        <title>Interstate Power and Light Co</title>
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          <isin value="US461070AS31"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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          <other otherDesc="INTERNAL" value="FXB8ADNPP70"/>
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                    <invOthCountry>US</invOthCountry>
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      <invstOrSec>
        <name>Belden Inc</name>
        <lei>68BKYO1JC791TTJHUE82</lei>
        <title>Belden Inc</title>
        <cusip>077454106</cusip>
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          <isin value="US0774541066"/>
          <ticker value="BDC"/>
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        <valUSD>235587.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Trust</name>
        <lei>549300818AKCJ4Q9TD76</lei>
        <title>CSMC 2014-USA OA LLC</title>
        <cusip>12649AAC3</cusip>
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          <isin value="US12649AAC36"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1460000.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95300000</annualizedRt>
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      <invstOrSec>
        <name>Orion Oyj</name>
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      <invstOrSec>
        <name>Progressive Corp/The</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Digicel International Finance Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CVS HEALTH CORP</name>
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        <name>LXP Industrial Trust</name>
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        <name>Amgen Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Zoetis Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <name>Primis Financial Corp</name>
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        <name>US TREASURY N/B</name>
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        <name>Fannie Mae</name>
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        <title>Fannie Mae Pool</title>
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        <name>Hertz Vehicle Financing LLC</name>
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        <name>ArcBest Corp</name>
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        <name>Biogen Inc</name>
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        <title>Biogen Inc</title>
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        <name>ABBVIE INC</name>
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        <title>AbbVie Inc</title>
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        <name>Allianz SE</name>
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        <title>Allianz SE</title>
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        <invCountry>DE</invCountry>
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        <name>ONEMAIN FINANCE CORP</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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        <name>Pacific Premier Bancorp Inc</name>
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        <name>Celestica Inc</name>
        <lei>549300J3CG5T6RZWLN53</lei>
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        <name>US TREASURY N/B</name>
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        <name>Abbott Laboratories</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>Abbott Laboratories</title>
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          <isin value="US0028241000"/>
          <ticker value="ABT"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>91282CCS8</cusip>
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          <isin value="US91282CCS89"/>
          <other otherDesc="SEDOL" value="BMWVP09"/>
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        <balance>975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>822351.56000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
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      <invstOrSec>
        <name>BARRICK NA FINANCE LLC</name>
        <lei>N/A</lei>
        <title>Barrick North America Finance LLC</title>
        <cusip>06849RAK8</cusip>
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          <isin value="US06849RAK86"/>
          <other otherDesc="SEDOL" value="BCRWZ96"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>279765.56000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LEVEL 3 FINANCING INC</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>Level 3 Financing Inc</title>
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          <isin value="US527298BV47"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Japan Railway Co</name>
        <lei>353800YAR3OVUITHTG64</lei>
        <title>Central Japan Railway Co</title>
        <cusip>000000000</cusip>
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          <isin value="JP3566800003"/>
          <ticker value="9022"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Mitsubishi Heavy Industries Lt</name>
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        <title>Mitsubishi Heavy Industries Ltd</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FANNIE MAE</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EUREX CLEARING AKTIENGESELLSCHAFT</name>
        <lei>529900LN3S50JPU47S06</lei>
        <title>EURO-BOBL</title>
        <cusip>000000000</cusip>
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          <ticker value="OEM5"/>
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        <name>Cinemark Holdings Inc</name>
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        <name>Bank of Marin Bancorp</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418DUG5</cusip>
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        <name>AT&amp;T INC</name>
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        <title>AT&amp;T Inc</title>
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        <name>Flowserve Corp</name>
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        <title>Flowserve Corp</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>COSCO SHIPPING Holdings Co Ltd</name>
        <lei>3003009XI0QGYYA29S17</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ingredion Inc</name>
        <lei>PKSTQ48QDN0XSVS7YK88</lei>
        <title>Ingredion Inc</title>
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          <isin value="US4571871023"/>
          <ticker value="INGR"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418ECA6</cusip>
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          <isin value="US31418ECA64"/>
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        <balance>2412452.82000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-03-01</maturityDt>
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      <invstOrSec>
        <name>TIME WARNER CABLE LLC</name>
        <lei>549300U5NFR7S6E3GM41</lei>
        <title>Time Warner Cable LLC</title>
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          <isin value="US88732JBB35"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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          <isin value="US36179RD636"/>
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        <balance>75965.45000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ICE FUTURES U.S., INC.</name>
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        <title>MSCI EAFE</title>
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          <ticker value="MFSM5"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG018B6HRL4"/>
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        <curCd>USD</curCd>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Plexus Corp</name>
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          <isin value="US7291321005"/>
          <ticker value="PLXS"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NRG ENERGY INC</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy Inc</title>
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          <isin value="US629377CH34"/>
          <other otherDesc="SEDOL" value="BK5NCB8"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>617446448</cusip>
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          <isin value="US6174464486"/>
          <ticker value="MS"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tesla Inc</name>
        <lei>54930043XZGB27CTOV49</lei>
        <title>Tesla Inc</title>
        <cusip>88160R101</cusip>
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          <isin value="US88160R1014"/>
          <ticker value="TSLA"/>
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        <balance>14750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3822610.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Medtronic PLC</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>Medtronic PLC</title>
        <cusip>000000000</cusip>
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          <ticker value="MDT"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
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        <title>Wells Fargo &amp; Co</title>
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          <isin value="US95000U2S19"/>
          <other otherDesc="SEDOL" value="BMDPPW2"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vir Biotechnology Inc</name>
        <lei>N/A</lei>
        <title>Vir Biotechnology Inc</title>
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          <isin value="US92764N1028"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Santander Bank Auto Credit-Lin</name>
        <lei>N/A</lei>
        <title>Santander Bank Auto Credit-Linked Notes Series 2022-A</title>
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          <isin value="US80290CAT18"/>
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        <name>BAT CAPITAL CORP</name>
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        <title>BAT Capital Corp</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Boston Beer Co Inc/The</name>
        <lei>529900Q02MQ0DCQNRM58</lei>
        <title>Boston Beer Co Inc/The</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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      <invstOrSec>
        <name>Prestige Consumer Healthcare I</name>
        <lei>N/A</lei>
        <title>Prestige Consumer Healthcare Inc</title>
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          <ticker value="PBH"/>
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        <name>MGM RESORTS INTL</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM Resorts International</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Applied Industrial Technologie</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bic Camera Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Microsoft Corp</name>
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          <ticker value="MSFT"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CENTERPOINT ENER HOUSTON</name>
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        <title>CenterPoint Energy Houston Electric LLC</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
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        <curCd>USD</curCd>
        <valUSD>96760.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hikma Pharmaceuticals PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AXA SA</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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        <name>Metro Inc/CN</name>
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        <name>NRG ENERGY INC</name>
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        <name>Freddie Mac</name>
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        <name>Amneal Pharmaceuticals Inc</name>
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        <name>TENN VALLEY AUTHORITY</name>
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        <name>Ford Credit Auto Owner Trust/F</name>
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        <name>Freenet AG</name>
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        <issuerCat>CORP</issuerCat>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Gold Pool</title>
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          <isin value="US31297B4V11"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ellington Financial Mortgage T</name>
        <lei>N/A</lei>
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          <isin value="US26846VAA26"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
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          <ticker value="N/A"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tricon Residential</name>
        <lei>N/A</lei>
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          <isin value="US895974AA11"/>
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        <balance>700000.00000000</balance>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INTERNATIONAL GAME TECH</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>United Community Banks Inc/GA</name>
        <lei>549300GVW0FV66X3U703</lei>
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          <isin value="US90984P3038"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
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          <isin value="US4781601046"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SPD BANK</name>
        <lei>300300C1031031001330</lei>
        <title>Shanghai Pudong Development Bank Co Ltd</title>
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          <isin value="CNE0000011B7"/>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Axos Financial Inc</name>
        <lei>529900D8M56422GK9O25</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Freddie Mac - STACR</name>
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        <name>Xiaomi Corp</name>
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        <title>Xiaomi Corp</title>
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        <name>Kangwon Land Inc</name>
        <lei>N/A</lei>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>Toro European CLO</name>
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        <name>BELLIS FINCO PLC</name>
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        <name>American Electric Power Co Inc</name>
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      <invstOrSec>
        <name>1011778 BC / NEW RED FIN</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Scandinavian Tobacco Group A/S</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>St Pauls CLO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Parcel Service Inc</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BAUSCH HEALTH COS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Beacon Roofing Supply Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ASHLAND INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ICE FUTURES U.S., INC.</name>
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        <name>US TREASURY N/B</name>
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        <name>Emaar Properties PJSC</name>
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        <name>Jones Lang LaSalle Inc</name>
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        <name>TALKTALK TELECOM GROUP</name>
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        <name>Transocean Ltd</name>
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        <name>ALABAMA ECON SETTLEMENT AUTH B</name>
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        <name>Lindblad Expeditions Holdings</name>
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        <name>CONMED Corp</name>
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        <title>CONMED Corp</title>
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        <name>NEW GENERATION GAS GATHERING LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Honeywell International Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BAUSCH HEALTH COS INC</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Iron Mountain Inc</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain Inc</title>
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        <valUSD>619488.00000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First BanCorp/Puerto Rico</name>
        <lei>N/A</lei>
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          <isin value="PR3186727065"/>
          <ticker value="FBP"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VIRGINIA ELEC &amp; POWER CO</name>
        <lei>CQKUMNNZVDJLRYV2PT43</lei>
        <title>Virginia Electric and Power Co</title>
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        <balance>1135000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>91282CHK0</cusip>
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          <isin value="US91282CHK09"/>
          <other otherDesc="SEDOL" value="BQXV186"/>
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        <balance>790000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-30</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418ECS7</cusip>
        <identifiers>
          <isin value="US31418ECS72"/>
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        <balance>1432273.64000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1293815.52000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>CAESARS ENTERTAIN INC</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment Inc</title>
        <cusip>12769GAC4</cusip>
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          <isin value="US12769GAC42"/>
          <other otherDesc="SEDOL" value="BNTZ4D7"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79793.31000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Monument CLO</name>
        <lei>254900PSVC5Y0GWN0R36</lei>
        <title>Monument Clo 1 DAC</title>
        <cusip>000000000</cusip>
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          <isin value="XS2811088082"/>
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        <balance>2500000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>912810SU3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIBANK, NATIONAL ASSOCIATION</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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        <name>National Beverage Corp</name>
        <lei>549300O9MZIQJI8TGV17</lei>
        <title>National Beverage Corp</title>
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        <name>ICBC</name>
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        <title>Industrial &amp; Commercial Bank of China Ltd</title>
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        <invCountry>CN</invCountry>
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        <name>BAUSCH HEALTH COS INC</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc</title>
        <cusip>071734AN7</cusip>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Cisco Systems Inc</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>Cisco Systems Inc</title>
        <cusip>17275R102</cusip>
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          <ticker value="CSCO"/>
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        <name>Avis Budget Rental Car Funding</name>
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        <name>AIA Group Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sberbank of Russia PJSC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Leonardo DRS Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MediaTek Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage S</name>
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        <name>Kemira Oyj</name>
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        <name>Target Corp</name>
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        <title>Target Corp</title>
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        <name>HILTON DOMESTIC OPERATIN</name>
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        <name>Amundi SA</name>
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        <name>CAESARS ENTERTAIN INC</name>
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        <title>Caesars Entertainment Inc</title>
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        <name>UBS Commercial Mortgage Trust</name>
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        <name>STATE STREET CORP</name>
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        <name>Fannie Mae or Freddie Mac</name>
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        <name>J.P. MORGAN SECURITIES LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
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      <invstOrSec>
        <name>Roche Holding AG</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage S</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Standard Chartered PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB0004082847"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Zymeworks Inc</name>
        <lei>894500AHOYAGYLYZJL67</lei>
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          <isin value="US98985Y1082"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NATIONSTAR MTG HLD INC</name>
        <lei>N/A</lei>
        <title>Nationstar Mortgage Holdings Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citibank, National Association</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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          <ticker value="N/A"/>
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      <invstOrSec>
        <name>FLORIDA GAS TRANSMISSION</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3140QPKN6</cusip>
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          <isin value="US3140QPKN64"/>
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        <balance>320797.02000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CALIFORNIA ST</name>
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        <title>State of California</title>
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          <isin value="US13063A5E03"/>
          <other otherDesc="SEDOL" value="B41WH12"/>
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        <balance>15000.00000000</balance>
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        <valUSD>17356.77000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
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          <isin value="US46647PCC86"/>
          <other otherDesc="SEDOL" value="BKVKP92"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>329440.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.58000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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          <isin value="US36179RLN79"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Berkshire Hathaway Inc</name>
        <lei>5493000C01ZX7D35SD85</lei>
        <title>Berkshire Hathaway Inc</title>
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          <ticker value="BRK/B"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Valhi Inc</name>
        <lei>N/A</lei>
        <title>Valhi Inc</title>
        <cusip>918905209</cusip>
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          <isin value="US9189052098"/>
          <ticker value="VHI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>ITALY GOV'T INT BOND</name>
        <lei>815600DE60799F5A9309</lei>
        <title>Republic of Italy Government International Bond</title>
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        <valUSD>1857989.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>CareTrust REIT Inc</name>
        <lei>5493001NVXE2B9GPLU96</lei>
        <title>CareTrust REIT Inc</title>
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          <ticker value="CTRE"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>EXPORT-IMPORT BK INDIA</name>
        <lei>335800OFZ8YEIVN1QI11</lei>
        <title>Export-Import Bank of India</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>BARCLAYS BANK PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>CDS REPUBLIC OF ITALY</title>
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        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Teradata Corp</name>
        <lei>549300JU9SOUHV4U4R71</lei>
        <title>Teradata Corp</title>
        <cusip>88076W103</cusip>
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      <invstOrSec>
        <name>LHOME Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COX COMMUNICATIONS INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco do Brasil SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WYNN RESORTS FINANCE LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dubai Islamic Bank PJSC</name>
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        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US31418DVA70"/>
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        <balance>1163335.08000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
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          <isin value="US36179WG449"/>
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        <balance>499710.20000000</balance>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-20</maturityDt>
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        <name>Talanx AG</name>
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          <ticker value="TLX"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MICHIGAN ST UNIV REVENUES</name>
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        <title>Michigan State University</title>
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          <isin value="US594712WY39"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>318172.90000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2122-08-15</maturityDt>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <curCd>USD</curCd>
        <valUSD>-16183.71000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>easyJet PLC</name>
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        <invCountry>GB</invCountry>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>Capital Street Master Trust</name>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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          <isin value="US31418ED805"/>
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        <name>Danaher Corp</name>
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        <name>Leonardo SpA</name>
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        <invCountry>IT</invCountry>
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        <name>Black Hills Corp</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
        <title>Black Hills Corp</title>
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          <ticker value="BKH"/>
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        <name>Avanos Medical Inc</name>
        <lei>549300YCXWOM7NEWMQ58</lei>
        <title>Avanos Medical Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CLEVELAND-CLIFFS INC</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>Cleveland-Cliffs Inc</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Smiths Group PLC</name>
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        <name>Schneider Electric SE</name>
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        <name>Credit Suisse Mortgage Trust</name>
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        <name>UNIV OF MICHIGAN MI</name>
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        <name>Century Aluminum Co</name>
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        <name>Towd Point Mortgage Trust</name>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KT&amp;G Corp</name>
        <lei>988400ZJV6ISYBLQX875</lei>
        <title>KT&amp;G Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7033780008"/>
          <ticker value="033780"/>
          <other otherDesc="SEDOL" value="6175076"/>
        </identifiers>
        <balance>1060.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.50000000"/>
        <valUSD>72908.64000000</valUSD>
        <pctVal>0.007507805190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyota Motor Corp</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>Toyota Motor Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3633400001"/>
          <ticker value="7203"/>
          <other otherDesc="SEDOL" value="6900643"/>
        </identifiers>
        <balance>41070.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99000000"/>
        <valUSD>726006.80000000</valUSD>
        <pctVal>0.074760928493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38141GYU2</cusip>
        <identifiers>
          <isin value="US38141GYU20"/>
          <other otherDesc="SEDOL" value="BLCY4V5"/>
        </identifiers>
        <balance>395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>382210.90000000</valUSD>
        <pctVal>0.039358366566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Social Professional Loan Progr</name>
        <lei>N/A</lei>
        <title>Sofi Professional Loan Program 2019-B LLC</title>
        <cusip>83404WAB3</cusip>
        <identifiers>
          <isin value="US83404WAB37"/>
        </identifiers>
        <balance>76903.52000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75121.32000000</valUSD>
        <pctVal>0.007735657066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.09000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLEVELAND-CLIFFS INC</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>Cleveland-Cliffs Inc</title>
        <cusip>185899AR2</cusip>
        <identifiers>
          <isin value="US185899AR28"/>
          <other otherDesc="SEDOL" value="BS0D1J0"/>
        </identifiers>
        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52760.20000000</valUSD>
        <pctVal>0.005433009084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alight Inc</name>
        <lei>549300600ESCO1HTVN74</lei>
        <title>Alight Inc</title>
        <cusip>01626W101</cusip>
        <identifiers>
          <isin value="US01626W1018"/>
          <ticker value="ALIT"/>
        </identifiers>
        <balance>35200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>208736.00000000</valUSD>
        <pctVal>0.021494698355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kinetik Holdings Inc</name>
        <lei>N/A</lei>
        <title>Kinetik Holdings Inc</title>
        <cusip>02215L209</cusip>
        <identifiers>
          <isin value="US02215L2097"/>
          <ticker value="KNTK"/>
        </identifiers>
        <balance>4300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>223342.00000000</valUSD>
        <pctVal>0.022998758815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STERIS PLC</name>
        <lei>N/A</lei>
        <title>STERIS PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00BFY8C754"/>
          <ticker value="STE"/>
          <other otherDesc="SEDOL" value="BFY8C75"/>
        </identifiers>
        <balance>2600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>589290.00000000</valUSD>
        <pctVal>0.060682444781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>CDS SOFTBANK GROUP CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="SWB8ADQ1J28"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1224.54000000</valUSD>
        <pctVal>-0.00012609764</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SOFTBANK GROUP CORP</issuerName>
                <issueTitle>SOFTBANK GROUP CORP</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <isin value="JP343610ANC5"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <otherPmntDesc fixedOrFloating="Other">Default Event</otherPmntDesc>
            <terminationDt>2026-06-20</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>-2071.94000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>345000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>847.40000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Madison Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>Madison Park Funding XXVIII Ltd</title>
        <cusip>55821AAS7</cusip>
        <identifiers>
          <isin value="US55821AAS78"/>
        </identifiers>
        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1748043.85000000</valUSD>
        <pctVal>0.180005726218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.12517000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saudi Awwal Bank</name>
        <lei>558600TQS0WENZUC5190</lei>
        <title>Saudi Awwal Bank</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879089"/>
          <ticker value="SABB"/>
          <other otherDesc="SEDOL" value="B12LSY7"/>
        </identifiers>
        <balance>6350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75110000"/>
        <valUSD>63431.60000000</valUSD>
        <pctVal>0.006531902059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO DO BRASIL (CAYMAN)</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>Banco do Brasil SA/Cayman</title>
        <cusip>05959LAH6</cusip>
        <identifiers>
          <isin value="US05959LAH69"/>
          <other otherDesc="SEDOL" value="BM94BQ9"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>195940.00000000</valUSD>
        <pctVal>0.020177023588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179NM96</cusip>
        <identifiers>
          <isin value="US36179NM966"/>
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        <balance>79936.95000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>72258.53000000</valUSD>
        <pctVal>0.007440859774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Star Resources Ltd</name>
        <lei>254900XFXCRYYZAX6M78</lei>
        <title>Northern Star Resources Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NST8"/>
          <ticker value="NST"/>
          <other otherDesc="SEDOL" value="6717456"/>
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        <balance>18692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.60038409"/>
        <valUSD>215802.44000000</valUSD>
        <pctVal>0.022222368696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alfa Laval AB</name>
        <lei>549300UCKT2UK88AG251</lei>
        <title>Alfa Laval AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000695876"/>
          <ticker value="ALFA"/>
          <other otherDesc="SEDOL" value="7332687"/>
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        <balance>15305.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.05180000"/>
        <valUSD>656203.80000000</valUSD>
        <pctVal>0.067572928199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dover Corp</name>
        <lei>549300FMC2ALGA7N9E80</lei>
        <title>Dover Corp</title>
        <cusip>260003108</cusip>
        <identifiers>
          <isin value="US2600031080"/>
          <ticker value="DOV"/>
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        <balance>5100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>895968.00000000</valUSD>
        <pctVal>0.092262771616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
        <cusip>3132DSZQ8</cusip>
        <identifiers>
          <isin value="US3132DSZQ82"/>
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        <balance>478901.21000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>403989.57000000</valUSD>
        <pctVal>0.041601036457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STRIPS</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Strip Coupon</title>
        <cusip>912834KH0</cusip>
        <identifiers>
          <isin value="US912834KH07"/>
          <other otherDesc="SEDOL" value="BPRBXM3"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13991.32000000</valUSD>
        <pctVal>0.001440763466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae or Freddie Mac</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae or Freddie Mac</title>
        <cusip>01F040644</cusip>
        <identifiers>
          <isin value="US01F0406441"/>
        </identifiers>
        <balance>-500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-465856.13000000</valUSD>
        <pctVal>-0.04797177770</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
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          <other otherDesc="INTERNAL" value="FXB8ADEMDD7"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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                      <other otherDesc="INTERNAL" value="PI61890_FXB8ADEMDD7_187_S"/>
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                    <invOthCountry>US</invOthCountry>
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                  <amtCurSold>N/A</amtCurSold>
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            <principalAmt>1447000.00000000</principalAmt>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>Odontoprev SA</name>
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        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Boliden AB</name>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAUSCH HEALTH COS INC</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc</title>
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          <isin value="US071734AD90"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Harmony Gold Mining Co Ltd</name>
        <lei>378900986D05F0C29811</lei>
        <title>Harmony Gold Mining Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="ZAE000015228"/>
          <ticker value="HAR"/>
          <other otherDesc="SEDOL" value="6410562"/>
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        <balance>7923.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gerdau SA</name>
        <lei>254900YDV6SEQQPZVG24</lei>
        <title>Gerdau SA</title>
        <cusip>000000000</cusip>
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          <isin value="BRGGBRACNPR8"/>
          <ticker value="GGBR4"/>
          <other otherDesc="SEDOL" value="2645517"/>
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        <balance>64400.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.70645000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INTELSAT JACKSON HLDG</name>
        <lei>8XJ8KF85PBKK1TLMFN29</lei>
        <title>Intelsat Jackson Holdings SA</title>
        <cusip>45824TBC8</cusip>
        <identifiers>
          <isin value="US45824TBC80"/>
          <other otherDesc="SEDOL" value="BNTY069"/>
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        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>593937.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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>ABM Industries Inc</name>
        <lei>QF02R89VEIOROM77J447</lei>
        <title>ABM Industries Inc</title>
        <cusip>000957100</cusip>
        <identifiers>
          <isin value="US0009571003"/>
          <ticker value="ABM"/>
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        <balance>5000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>236800.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Valley National Bancorp</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>Valley National Bancorp</title>
        <cusip>919794107</cusip>
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          <isin value="US9197941076"/>
          <ticker value="VLY"/>
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        <balance>28600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>254254.00000000</valUSD>
        <pctVal>0.026181938121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ameris Bancorp</name>
        <lei>PBJHNT51T5V6G5UQFV42</lei>
        <title>Ameris Bancorp</title>
        <cusip>03076K108</cusip>
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          <isin value="US03076K1088"/>
          <ticker value="ABCB"/>
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        <balance>4300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>247551.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AUTOZONE INC</name>
        <lei>GA3JGKJ41LJKXDN23E90</lei>
        <title>AutoZone Inc</title>
        <cusip>053332BA9</cusip>
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          <isin value="US053332BA96"/>
          <other otherDesc="SEDOL" value="BMDMZW3"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>155511.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
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      <invstOrSec>
        <name>HSBC SECURITIES (USA) INC.</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>USD CALL VERSUS KRW PUT</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="FXB8ADPKYR5"/>
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        <balance>238000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Klepierre SA</name>
        <lei>969500PB4U31KEFHZ621</lei>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Kemper Corp</name>
        <lei>549300FNI1JKTRY2PV09</lei>
        <title>Kemper Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>JP Morgan Mortgage Trust</name>
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        <title>JP Morgan Mortgage Trust 2023-HE2</title>
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        <balance>196568.78000000</balance>
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      <invstOrSec>
        <name>adidas AG</name>
        <lei>549300JSX0Z4CW0V5023</lei>
        <title>adidas AG</title>
        <cusip>000000000</cusip>
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          <ticker value="ADS"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CVS HEALTH CORP</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp</title>
        <cusip>126650CX6</cusip>
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        <balance>359000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>354540.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Santander Bank Polska SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITEDHEALTH GROUP INC</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2063-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Oil &amp; Natural Gas Corp Ltd</name>
        <lei>335800FPDZ9MRSNO7N41</lei>
        <title>Oil &amp; Natural Gas Corp Ltd</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENOVUS ENERGY INC</name>
        <lei>549300F4XPHJ7NOSP309</lei>
        <title>Cenovus Energy Inc</title>
        <cusip>15135UAR0</cusip>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>168983.91000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="FXB8ADJRHV7"/>
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        <balance>242000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Xero Ltd</name>
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        <title>Xero Ltd</title>
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        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Dana Inc</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Flushing Financial Corp</name>
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          <isin value="US3438731057"/>
          <ticker value="FFIC"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Koninklijke BAM Groep NV</name>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MEXICO CITY ARPT TRUST</name>
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        <title>Mexico City Airport Trust</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Piper Sandler Cos</name>
        <lei>QUQDBTUSOAKFEVMRMF78</lei>
        <title>Piper Sandler Cos</title>
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          <ticker value="PIPR"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Wind River CLO Ltd</name>
        <lei>N/A</lei>
        <title>THL Credit Wind River 2020-1 CLO Ltd</title>
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        <name>Yutong Bus Co Ltd</name>
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        <name>Amazon.com Inc</name>
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        <title>Amazon.com Inc</title>
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        <name>UnitedHealth Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
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        <name>EUREX CLEARING AKTIENGESELLSCHAFT</name>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>5493000IS4M3TZMRB410</lei>
        <title>Freddie Mac STACR REMIC Trust 2022-DNA3</title>
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      <invstOrSec>
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        <name>MEXICO CITY ARPT TRUST</name>
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        <name>Fannie Mae</name>
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        <name>Badger Meter Inc</name>
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        <name>Daito Trust Cons</name>
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        <name>Shamrock Residential</name>
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        <name>Buzzi SpA</name>
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      <invstOrSec>
        <name>PIEDMONT NATURAL GAS CO</name>
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        <title>Piedmont Natural Gas Co Inc</title>
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          <isin value="US720186AL95"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LIBERTY MUTUAL GROUP INC</name>
        <lei>QUR0DG15Z6FFGYCHH861</lei>
        <title>Liberty Mutual Group Inc</title>
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        <balance>350000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Moog Inc</name>
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        <title>Moog Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <isin value="US61747YEL56"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Hindalco Industries Ltd</name>
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        <name>PROV ST JOSEPH HLTH OBL</name>
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        <name>BAY AREA CA TOLL AUTH TOLL BRI</name>
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        <title>Howard Hughes Corp/The</title>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
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          <isin value="US3132DWDT71"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>LivaNova PLC</name>
        <lei>2138001K2FX6SHK2B339</lei>
        <title>LivaNova PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BYMT0J19"/>
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        <balance>4800.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEWELL BRANDS INC</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>Newell Brands Inc</title>
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          <isin value="US651229BE57"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-15</maturityDt>
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      <invstOrSec>
        <name>General Dynamics Corp</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>General Dynamics Corp</title>
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          <isin value="US3695501086"/>
          <ticker value="GD"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VAR ENERGI ASA</name>
        <lei>549300LIVN3FFOJN2K47</lei>
        <title>Var Energi ASA</title>
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          <isin value="US92212WAA80"/>
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        <balance>870000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <title>5 YEAR U.S. TREASURY NOTE</title>
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          <ticker value="FVM5"/>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>US TREASURY N/B</issuerName>
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      <invstOrSec>
        <name>NJ Trust 2023-GSP</name>
        <lei>N/A</lei>
        <title>NJ Trust 2023-GSP</title>
        <cusip>65486XAA1</cusip>
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          <isin value="US65486XAA19"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>BAUSCH HEALTH COS INC</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc</title>
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          <isin value="US071734AJ60"/>
          <other otherDesc="SEDOL" value="BKPNQC7"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29625.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>BioCryst Pharmaceuticals Inc</name>
        <lei>549300Z0INP1Z5NP6J59</lei>
        <title>BioCryst Pharmaceuticals Inc</title>
        <cusip>09058V103</cusip>
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          <isin value="US09058V1035"/>
          <ticker value="BCRX"/>
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        <curCd>USD</curCd>
        <valUSD>83250.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NRG ENERGY INC</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy Inc</title>
        <cusip>629377CU4</cusip>
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          <isin value="US629377CU45"/>
          <other otherDesc="SEDOL" value="BPH14T7"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82692.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
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          <annualizedRt>10.25000000</annualizedRt>
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      <invstOrSec>
        <name>OHIO ST UNIV</name>
        <lei>JFC10ZULKO4X2E3HBY86</lei>
        <title>Ohio State University/The</title>
        <cusip>677632MV0</cusip>
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          <isin value="US677632MV00"/>
          <other otherDesc="SEDOL" value="B3Y2X14"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63338.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.91000000</annualizedRt>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>95000U3G6</cusip>
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          <isin value="US95000U3G61"/>
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        <balance>715000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Charter Hall Group</name>
        <lei>N/A</lei>
        <title>Charter Hall Group</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000CHC0"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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          <isin value="US36179VTW09"/>
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        <balance>855343.88000000</balance>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Koninklijke Ahold Delhaize NV</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>Koninklijke Ahold Delhaize NV</title>
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          <isin value="NL0011794037"/>
          <ticker value="AD"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <name>Knife River Corp</name>
        <lei>N/A</lei>
        <title>Knife River Corp</title>
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          <isin value="US4988941047"/>
          <ticker value="KNF"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>HSBC SECURITIES (USA) INC.</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>THB/USD FORWARD</title>
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          <other otherDesc="INTERNAL" value="MDJ2503040236726"/>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Cushman &amp; Wakefield PLC</name>
        <lei>N/A</lei>
        <title>Cushman &amp; Wakefield PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BFZ4N465"/>
          <ticker value="CWK"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEWELL BRANDS INC</name>
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        <name>Glory Ltd</name>
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        <name>West African Resources Ltd</name>
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        <name>Epiroc AB</name>
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        <name>BAUSCH HEALTH COS INC</name>
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        <name>Viavi Solutions Inc</name>
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        <name>SOCIETE GENERALE</name>
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        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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        <name>DIGICEL INTL FIN LTD Common Equity</name>
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        <name>Fannie Mae</name>
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        <name>Ford Credit Auto Owner Trust/F</name>
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        <name>Fannie Mae</name>
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        <name>LIBERTY MUTUAL GROUP INC</name>
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        <name>DTE Energy Co</name>
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        <name>Santander Bank Auto Credit-Lin</name>
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        <name>Government National Mortgage A</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Metropolitan Bank Holding Corp</name>
        <lei>N/A</lei>
        <title>Metropolitan Bank Holding Corp</title>
        <cusip>591774104</cusip>
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          <isin value="US5917741044"/>
          <ticker value="MCB"/>
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        <balance>2300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128777.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shyft Group Inc/The</name>
        <lei>549300YY0TB51BGRV994</lei>
        <title>Shyft Group Inc/The</title>
        <cusip>825698103</cusip>
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          <isin value="US8256981031"/>
          <ticker value="SHYF"/>
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        <balance>3900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31551.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31402CVN9</cusip>
        <identifiers>
          <isin value="US31402CVN90"/>
          <other otherDesc="SEDOL" value="B03QP54"/>
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        <balance>7961.89000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8113.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BALL CORP</name>
        <lei>0BGI85ALH27ZJP15DY16</lei>
        <title>Ball Corp</title>
        <cusip>058498AZ9</cusip>
        <identifiers>
          <isin value="US058498AZ97"/>
          <other otherDesc="SEDOL" value="BQB88K0"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253337.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PMT CREDIT RISK TRANSFER TRUST</name>
        <lei>N/A</lei>
        <title>PMT Credit Risk Transfer Trust 2024-1R</title>
        <cusip>73015AAA5</cusip>
        <identifiers>
          <isin value="US73015AAA51"/>
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        <balance>1000393.90000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1009671.45000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.83969000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Avidity Biosciences Inc</name>
        <lei>N/A</lei>
        <title>Avidity Biosciences Inc</title>
        <cusip>05370A108</cusip>
        <identifiers>
          <isin value="US05370A1088"/>
          <ticker value="RNA"/>
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        <balance>4600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135792.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Crown Holdings Inc</name>
        <lei>NYLWZIOY8PUNIT4JOE22</lei>
        <title>Crown Holdings Inc</title>
        <cusip>228368106</cusip>
        <identifiers>
          <isin value="US2283681060"/>
          <ticker value="CCK"/>
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        <balance>1600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>142816.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>ZAR CALL VERSUS USD PUT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FXB8ADR04V1"/>
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        <balance>238000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1.86000000</valUSD>
        <pctVal>0.000000191534</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <nestedDerivInfo>
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                  <derivAddlInfo>
                    <name>J.P. MORGAN SECURITIES LLC</name>
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                      <other otherDesc="INTERNAL" value="PI61890_FXB8ADR04V1_187_B"/>
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                    <balance>0.00000000</balance>
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                    <curCd>USD</curCd>
                    <valUSD>0.00000000</valUSD>
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                    <invCountry>US</invCountry>
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                  <amtCurSold>N/A</amtCurSold>
                  <curSold>ZAR</curSold>
                  <amtCurPur>N/A</amtCurPur>
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            <principalAmt>238000.00000000</principalAmt>
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            <exercisePrice>16.30000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>1.86000000</unrealizedAppr>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage S</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust 2024-5C27</title>
        <cusip>05555FAC8</cusip>
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          <isin value="US05555FAC86"/>
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        <balance>800000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-07-15</maturityDt>
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      <invstOrSec>
        <name>SM Energy Co</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co</title>
        <cusip>78454L100</cusip>
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          <isin value="US78454L1008"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WEG SA</name>
        <lei>254900NKQV127YFRO022</lei>
        <title>WEG SA</title>
        <cusip>000000000</cusip>
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          <isin value="BRWEGEACNOR0"/>
          <ticker value="WEGE3"/>
          <other otherDesc="SEDOL" value="2945422"/>
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        <balance>16200.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.70645000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Connecticut Avenue Securities</title>
        <cusip>20754KAB7</cusip>
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          <isin value="US20754KAB70"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90337.50000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CAPSTONE COPPER CORP</name>
        <lei>549300III6KGKKC42W63</lei>
        <title>Capstone Copper Corp</title>
        <cusip>14071LAA6</cusip>
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          <isin value="US14071LAA61"/>
          <other otherDesc="SEDOL" value="BTTRMY2"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-31</maturityDt>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
        <title>Lendmark Funding Trust 2021-1</title>
        <cusip>52607MAA7</cusip>
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          <isin value="US52607MAA71"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>666803.20000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.90000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179SEG8</cusip>
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          <isin value="US36179SEG84"/>
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        <balance>151164.42000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135895.86000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Laureate Education Inc</name>
        <lei>5JL7TMOH5TY3IUYSUP91</lei>
        <title>Laureate Education Inc</title>
        <cusip>518613203</cusip>
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          <ticker value="LAUR"/>
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        <balance>4600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94070.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LIBERTY MUTUAL GROUP INC</name>
        <lei>QUR0DG15Z6FFGYCHH861</lei>
        <title>Liberty Mutual Group Inc</title>
        <cusip>53079EBJ2</cusip>
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          <isin value="US53079EBJ29"/>
          <other otherDesc="SEDOL" value="BKMH7Z2"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131402.50000000</valUSD>
        <pctVal>0.013531240900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95100000</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>Virtus Investment Partners Inc</name>
        <lei>549300HWF93HB8BDM648</lei>
        <title>Virtus Investment Partners Inc</title>
        <cusip>92828Q109</cusip>
        <identifiers>
          <isin value="US92828Q1094"/>
          <ticker value="VRTS"/>
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        <balance>540.00000000</balance>
        <units>NS</units>
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        <name>BGC Group Inc</name>
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        <name>Perdoceo Education Corp</name>
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        <name>Government National Mortgage A</name>
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        <name>Mitsui Mining &amp; Smelting Co Lt</name>
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        <name>Carpenter Technology Corp</name>
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        <name>Urban Outfitters Inc</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA PIPELINES OPCO</name>
        <lei>N/A</lei>
        <title>Columbia Pipelines Operating Co LLC</title>
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          <isin value="US19828TAB26"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>335667.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Enel SpA</name>
        <lei>WOCMU6HCI0OJWNPRZS33</lei>
        <title>Enel SpA</title>
        <cusip>000000000</cusip>
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          <isin value="IT0003128367"/>
          <ticker value="ENEL"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSX CORP</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX Corp</title>
        <cusip>126408GK3</cusip>
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          <isin value="US126408GK35"/>
          <other otherDesc="SEDOL" value="B1W8K53"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>183398.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Natera Inc</name>
        <lei>N/A</lei>
        <title>Natera Inc</title>
        <cusip>632307104</cusip>
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          <isin value="US6323071042"/>
          <ticker value="NTRA"/>
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        <balance>1500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>212115.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>JPY/USD FORWARD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="MDJ2503100667698"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hewlett Packard Enterprise Co</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>Hewlett Packard Enterprise Co</title>
        <cusip>42824C109</cusip>
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          <isin value="US42824C1099"/>
          <ticker value="HPE"/>
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        <balance>49650.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iShares MSCI Emerging Markets ETF</name>
        <lei>549300BPYHDEDI59G670</lei>
        <title>iShares MSCI Emerging Markets ETF</title>
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          <isin value="US4642872349"/>
          <ticker value="EEM"/>
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        <balance>3800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>166060.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Home Re Ltd</name>
        <lei>N/A</lei>
        <title>Home RE 2021-2 Ltd</title>
        <cusip>43730VAC2</cusip>
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          <isin value="US43730VAC28"/>
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        <balance>89391.74000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90110.87000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Resources Corp</name>
        <lei>549300QKBSQBIX4DQ583</lei>
        <title>New Jersey Resources Corp</title>
        <cusip>646025106</cusip>
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          <isin value="US6460251068"/>
          <ticker value="NJR"/>
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        <balance>5200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255112.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ING Groep NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep NV</title>
        <cusip>000000000</cusip>
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          <isin value="NL0011821202"/>
          <ticker value="INGA"/>
          <other otherDesc="SEDOL" value="BZ57390"/>
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        <balance>38286.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
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        <pctVal>0.077239127084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Acuity Inc</name>
        <lei>N/A</lei>
        <title>Acuity Inc</title>
        <cusip>00508Y102</cusip>
        <identifiers>
          <isin value="US00508Y1029"/>
          <ticker value="AYI"/>
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        <balance>7900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2080465.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ultra Clean Holdings Inc</name>
        <lei>5493007L6LS7QX18PE75</lei>
        <title>Ultra Clean Holdings Inc</title>
        <cusip>90385V107</cusip>
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          <isin value="US90385V1070"/>
          <ticker value="UCTT"/>
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        <balance>6600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>141306.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Modec Inc</name>
        <lei>N/A</lei>
        <title>Modec Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3888250002"/>
          <ticker value="6269"/>
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        <currencyConditional curCd="JPY" exchangeRt="149.99000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YFF7</cusip>
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          <isin value="US61747YFF79"/>
          <other otherDesc="SEDOL" value="BNTDVP2"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Woodward Capital Management</name>
        <lei>N/A</lei>
        <title>RCKT Mortgage Trust 2025-CES1</title>
        <cusip>749427AA8</cusip>
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          <isin value="US749427AA88"/>
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        <balance>489266.69000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Social Professional Loan Progr</name>
        <lei>N/A</lei>
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          <isin value="US83404RAB42"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EverQuote Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Vaxcyte Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage A</name>
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        <name>Towd Point Mortgage Trust</name>
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      <invstOrSec>
        <name>MEXICO CITY ARPT TRUST</name>
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        <name>UTAH ACQUISITION SUB</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eaton Corp PLC</name>
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        <name>Sterling Infrastructure Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CFK Trust</name>
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        <name>Revolution Medicines Inc</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>UBS GROUP AG</name>
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        <title>UBS Group AG</title>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>CorVel Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Midland States Bancorp Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MiMedx Group Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAKEDA PHARMACEUTICAL</name>
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        <title>Takeda Pharmaceutical Co Ltd</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Adtalem Global Education Inc</name>
        <lei>549300Z467EZLMODV621</lei>
        <title>Adtalem Global Education Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AerCap Holdings NV</name>
        <lei>549300SZYINBBLJQU475</lei>
        <title>AerCap Holdings NV</title>
        <cusip>000000000</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
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          <isin value="US06051GKA66"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-21</maturityDt>
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      <invstOrSec>
        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority</title>
        <cusip>646139W35</cusip>
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          <isin value="US646139W353"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>5493000ISONLNOUKGB71</lei>
        <title>Freddie Mac STACR REMIC Trust 2021-DNA6</title>
        <cusip>35564KLU1</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-25</maturityDt>
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      <invstOrSec>
        <name>Kawasaki Kisen Kaisha Ltd</name>
        <lei>353800FL04R73DS5P870</lei>
        <title>Kawasaki Kisen Kaisha Ltd</title>
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          <isin value="JP3223800008"/>
          <ticker value="9107"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <balance>239000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>US TREASURY N/B</name>
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        <title>United States Treasury Note/Bond</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invitation Homes Trust</name>
        <lei>N/A</lei>
        <title>Invitation Homes 2024-SFR1 Trust</title>
        <cusip>46188DAE8</cusip>
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      <invstOrSec>
        <name>Conduent Inc</name>
        <lei>549300SFJ2D2CYY6CQ11</lei>
        <title>Conduent Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>STRIPS</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Strip Coupon</title>
        <cusip>912834MZ8</cusip>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kia Corp</name>
        <lei>988400V8MJK9N7OI5X76</lei>
        <title>Kia Corp</title>
        <cusip>000000000</cusip>
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          <ticker value="000270"/>
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      <invstOrSec>
        <name>Diamond Sports Net, LLC</name>
        <lei>549300MPO5H6LGX4RJ82</lei>
        <title>DIAMOND SPORTS NET LLC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Gold Pool</title>
        <cusip>3128MJMS6</cusip>
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          <isin value="US3128MJMS65"/>
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        <balance>49887.81000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
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      <invstOrSec>
        <name>China Construction Bank Corp</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>China Construction Bank Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Government National Mortgage A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>iA Financial Corp Inc</name>
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      <invstOrSec>
        <name>CaixaBank SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Diebold Nixdorf Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>MYMICHIGAN HEALTH</name>
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        <title>MyMichigan Health</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VISTRA CORP</name>
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        <title>Vistra Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Safehold Inc</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>JP Morgan Chase Commercial Mor</name>
        <lei>N/A</lei>
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        <name>Petroleo Brasileiro SA</name>
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        <name>Wix.com Ltd</name>
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        <name>Green Dot Corp</name>
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        <name>First Financial Bancorp</name>
        <lei>549300D3F5B3EZMY7P77</lei>
        <title>First Financial Bancorp</title>
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        <name>PotlatchDeltic Corp</name>
        <lei>54930084YA8UJOTXDM59</lei>
        <title>PotlatchDeltic Corp</title>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <title>Goldman Sachs Group Inc/The</title>
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        <name>HUNTSMAN INTERNATIONAL L</name>
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        <title>Huntsman International LLC</title>
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        <name>Northwestern Energy Group Inc</name>
        <lei>254900N1WG46G1VMDM34</lei>
        <title>Northwestern Energy Group Inc</title>
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        <name>UBS Commercial Mortgage Trust</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>U.S. TREASURY BOND</title>
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          <ticker value="USM5"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</counterpartyName>
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                <issuerName>US TREASURY N/B</issuerName>
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            <expDate>2025-06-18</expDate>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SALLY HOLDINGS/SALLY CAP</name>
        <lei>N/A</lei>
        <title>Sally Holdings LLC / Sally Capital Inc</title>
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          <isin value="US79546VAQ95"/>
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        <balance>100000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EL PASO ELECTRIC CO</name>
        <lei>OZ8GM8L4AHPKSWZMW205</lei>
        <title>El Paso Electric Co</title>
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          <isin value="US283677AW22"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>138371.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colgate-Palmolive Co</name>
        <lei>YMEGZFW4SBUSS5BQXF88</lei>
        <title>Colgate-Palmolive Co</title>
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          <isin value="US1941621039"/>
          <ticker value="CL"/>
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        <balance>16525.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1548392.50000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2022-R03</title>
        <cusip>20753XAF1</cusip>
        <identifiers>
          <isin value="US20753XAF15"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>113703.42000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.58969000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENEL FINANCE INTL NV</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
        <title>Enel Finance International NV</title>
        <cusip>29278GAP3</cusip>
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          <isin value="US29278GAP37"/>
          <other otherDesc="SEDOL" value="BKX7FP7"/>
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        <balance>1190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1020017.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIVISION COMMUNICATIONS</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications Inc</title>
        <cusip>914906AY8</cusip>
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          <isin value="US914906AY80"/>
          <other otherDesc="SEDOL" value="BM8K1F7"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220940.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MSCI Inc</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI Inc</title>
        <cusip>55354G100</cusip>
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          <isin value="US55354G1004"/>
          <ticker value="MSCI"/>
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        <balance>2000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1131000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T INC</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc</title>
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          <isin value="US00206RLJ94"/>
          <other otherDesc="SEDOL" value="BNSLTY2"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>77826.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</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>AstraZeneca PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB0009895292"/>
          <ticker value="AZN"/>
          <other otherDesc="SEDOL" value="0989529"/>
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        <balance>2183.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.77414360"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31406FSE2</cusip>
        <identifiers>
          <isin value="US31406FSE24"/>
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        <balance>29855.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30628.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HSBC SECURITIES (USA) INC.</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>USD CALL VERSUS COP PUT</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="FXB8ADNP4V0"/>
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        <balance>-239000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1146.03000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                    <name>HSBC SECURITIES (USA) INC.</name>
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                    <invOthCountry>US</invOthCountry>
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      <invstOrSec>
        <name>Oil States International Inc</name>
        <lei>5493004TF4KQJGMYL777</lei>
        <title>Oil States International Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>PENSKE TRUCK LEASING/PTL</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
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        <balance>788131.69000000</balance>
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        <curCd>USD</curCd>
        <valUSD>715349.54000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</maturityDt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United Fire Group Inc</name>
        <lei>N/A</lei>
        <title>United Fire Group Inc</title>
        <cusip>910340108</cusip>
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          <ticker value="UFCS"/>
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        <balance>1500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44190.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Siemens Energy AG</name>
        <lei>5299005CHJZ14D4FDJ62</lei>
        <title>Siemens Energy AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000ENER6Y0"/>
          <ticker value="ENR"/>
          <other otherDesc="SEDOL" value="BMTVQK9"/>
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        <balance>4368.00000000</balance>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
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          <isin value="US38143U8H71"/>
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        <valUSD>49716.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRUSTEES OF BOSTON COLL</name>
        <lei>549300Q2G2ZLXN1EX541</lei>
        <title>Trustees of Boston College</title>
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          <isin value="US89838LAG95"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fortescue Ltd</name>
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        <title>Fortescue Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000FMG4"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31403C6L0</cusip>
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          <isin value="US31403C6L05"/>
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        <balance>19107.70000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19247.18000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
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      <invstOrSec>
        <name>Marsh &amp; McLennan Cos Inc</name>
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        <title>Marsh &amp; McLennan Cos Inc</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>USD/GBP FORWARD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
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        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="FXB8ADQHGY6"/>
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        <balance>-239000.00000000</balance>
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        <valUSD>-1170.68000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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      <invstOrSec>
        <name>ALGONQUIN PWR &amp; UTILITY</name>
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        <title>Algonquin Power &amp; Utilities Corp</title>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ICF International Inc</name>
        <lei>5493003KYFDDC5B3WY64</lei>
        <title>ICF International Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Logitech International SA</name>
        <lei>549300SN6PRK6IJJC215</lei>
        <title>Logitech International SA</title>
        <cusip>000000000</cusip>
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        <balance>7799.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BXMT Ltd</name>
        <lei>N/A</lei>
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        <valUSD>414222.21000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NORFOLK SOUTHERN CORP</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>Norfolk Southern Corp</title>
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        <name>BERKSHIRE HATHAWAY ENERG</name>
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        <title>Berkshire Hathaway Energy Co</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SBA COMMUNICATIONS CORP</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA Communications Corp</title>
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        <name>DCLI BIDCO LLC</name>
        <lei>2549007UUVJTHHNK9T70</lei>
        <title>Dcli Bidco LLC</title>
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        <balance>70000.00000000</balance>
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        <valUSD>72011.97000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61746BDZ6</cusip>
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        <balance>370000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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      <invstOrSec>
        <name>Fannie Mae</name>
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          <isin value="US31418EM236"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FedEx Corp</name>
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          <isin value="US31428X1063"/>
          <ticker value="FDX"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Commercial Metals Co</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>Commercial Metals Co</title>
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          <isin value="US2017231034"/>
          <ticker value="CMC"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Enel Americas SA</name>
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        <title>Enel Americas SA</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WESTINGHOUSE AIR BRAKE</name>
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          <isin value="US960386AM29"/>
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        <balance>89000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89168.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.70000000</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>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418BGP5</cusip>
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          <isin value="US31418BGP58"/>
          <other otherDesc="SEDOL" value="BPT2TQ0"/>
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        <balance>111025.07000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108659.30000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179UH21</cusip>
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          <isin value="US36179UH219"/>
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        <balance>427924.45000000</balance>
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        <curCd>USD</curCd>
        <valUSD>383734.38000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SCREEN Holdings Co Ltd</name>
        <lei>353800ND89FTQ9XQ0R07</lei>
        <title>SCREEN Holdings Co Ltd</title>
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          <isin value="JP3494600004"/>
          <ticker value="7735"/>
          <other otherDesc="SEDOL" value="6251028"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BMO Mortgage Trust</name>
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        <title>BMO 2024-5C5 Mortgage Trust</title>
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          <isin value="US05593RAC60"/>
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        <balance>800000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mastercard Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Konami Group Corp</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>SOUTHWEST AIRLINES CO</name>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eli Lilly &amp; Co</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>Eli Lilly &amp; Co</title>
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          <ticker value="LLY"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEVEL 3 FINANCING INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
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          <isin value="NL0011540547"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FMC CORP</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
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          <isin value="US302491AX31"/>
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        <balance>795000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RTX Corp</name>
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          <ticker value="RTX"/>
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        <balance>1100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145706.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>B&amp;G FOODS INC</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
        <title>B&amp;G Foods Inc</title>
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          <isin value="US05508WAB19"/>
          <other otherDesc="SEDOL" value="BKKF792"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>304018.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
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      <invstOrSec>
        <name>REPUBLIC OF SERBIA</name>
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        <title>Serbia International Bond</title>
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          <isin value="US817477AJ18"/>
          <other otherDesc="SEDOL" value="BSMN0P7"/>
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        <balance>397000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>392783.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RS</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
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          <other otherDesc="INTERNAL" value="FXB8ADR04W9"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wilmar International Ltd</name>
        <lei>549300H2EAI4YRLWBB20</lei>
        <title>Wilmar International Ltd</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Taylor Morrison Home Corp</name>
        <lei>5299009UDLLGLKOOJE30</lei>
        <title>Taylor Morrison Home Corp</title>
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          <ticker value="TMHC"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
        <cusip>3132DWCQ4</cusip>
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        <balance>502818.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>438716.11000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PHILIP MORRIS INTL INC</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International Inc</title>
        <cusip>718172DF3</cusip>
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          <other otherDesc="SEDOL" value="BMVXP84"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>755345.12000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EVERSOURCE ENERGY</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>Eversource Energy</title>
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          <other otherDesc="SEDOL" value="BHX1VD8"/>
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        <balance>315000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Quad/Graphics Inc</name>
        <lei>W2D68G5NJH4X0NW8PT65</lei>
        <title>Quad/Graphics Inc</title>
        <cusip>747301109</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX LP</title>
        <cusip>55336VBQ2</cusip>
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          <other otherDesc="SEDOL" value="BKP8MY6"/>
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        <balance>630000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trus</name>
        <lei>N/A</lei>
        <title>CSAIL 2017-C8 Commercial Mortgage Trust</title>
        <cusip>12595BAC5</cusip>
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        <balance>722545.42000000</balance>
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        <curCd>USD</curCd>
        <valUSD>697268.04000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>ANHEUSER-BUSCH CO/INBEV</name>
        <lei>N/A</lei>
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        <cusip>03522AAJ9</cusip>
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          <other otherDesc="SEDOL" value="BJXS2M9"/>
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        <balance>403000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>367754.71000000</valUSD>
        <pctVal>0.037869732869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alphatec Holdings Inc</name>
        <lei>549300EZE8CQ8K65FS24</lei>
        <title>Alphatec Holdings Inc</title>
        <cusip>02081G201</cusip>
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          <isin value="US02081G2012"/>
          <ticker value="ATEC"/>
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        <balance>7700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78078.00000000</valUSD>
        <pctVal>0.008040122730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Axogen Inc</name>
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        <name>CENT Trust 2023-CITY</name>
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        <name>ECOPETROL SA</name>
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        <name>Ecolab Inc</name>
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        <name>Government National Mortgage A</name>
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        <name>BELLIS ACQUISITION CO PL</name>
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        <name>Hafnia Ltd</name>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Stagwell Inc</name>
        <lei>549300KIYTU6J3NYJ009</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US89183QAA22"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Home Depot Inc/The</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>Home Depot Inc/The</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Benchmark 2024-V8 Mortgage Tru</name>
        <lei>N/A</lei>
        <title>Benchmark 2024-V8 Mortgage Trust</title>
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        <balance>1400000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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      <invstOrSec>
        <name>British American Tobacco PLC</name>
        <lei>213800FKA5MF17RJKT63</lei>
        <title>British American Tobacco PLC</title>
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        <name>Banc of America Commercial Mor</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DUKE ENERGY CAROLINAS</name>
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        <title>Duke Energy Carolinas LLC</title>
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          <isin value="US26442CAE49"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Synaptics Inc</name>
        <lei>549300AJ3LI4FWNRQX29</lei>
        <title>Synaptics Inc</title>
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        <name>MRC Global Inc</name>
        <lei>529900TSBPOLCLI2L582</lei>
        <title>MRC Global Inc</title>
        <cusip>55345K103</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Resideo Technologies Inc</name>
        <lei>5493006TKFPYISY2DS54</lei>
        <title>Resideo Technologies Inc</title>
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        <name>Amicus Therapeutics Inc</name>
        <lei>549300MRD1SMUTNBPQ53</lei>
        <title>Amicus Therapeutics Inc</title>
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        <name>Elmwood CLO 36 Ltd</name>
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        <name>Clarios Global LP</name>
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        <name>REPUBLIC OF SERBIA</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>Morgan Stanley Capital I Trust</name>
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      <invstOrSec>
        <name>Elanco Animal Health Inc</name>
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      <invstOrSec>
        <name>M&amp;T Bank Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CLYDESDALE ACQUISITION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bloomin' Brands Inc</name>
        <lei>E1UJ2GO305B5FXGV7N04</lei>
        <title>Bloomin' Brands Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <balance>26072.00000000</balance>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
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      <invstOrSec>
        <name>Omnicell Inc</name>
        <lei>5493008RH0GTKHHPZI77</lei>
        <title>Omnicell Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ECOPETROL SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol SA</title>
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        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Michelin</name>
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        <title>Cie Generale des Etablissements Michelin SCA</title>
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          <isin value="FR001400AJ45"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Agios Pharmaceuticals Inc</name>
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        <title>Agios Pharmaceuticals Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <title>IRS USD</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Aselsan Elektronik Sanayi Ve T</name>
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        <name>SITE Centers Corp</name>
        <lei>W2AVA6SODOQ1LCYJQR54</lei>
        <title>SITE Centers Corp</title>
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        <name>WILLIAMS COMPANIES INC</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos Inc/The</title>
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        <name>COLT Funding LLC</name>
        <lei>213800M5KYYIOHI7KW93</lei>
        <title>COLT 2025-INV2 Mortgage Loan Trust</title>
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        <name>Madrigal Pharmaceuticals Inc</name>
        <lei>549300CHIMT2EUSNJB60</lei>
        <title>Madrigal Pharmaceuticals Inc</title>
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        <name>ATLX Trust</name>
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        <name>Precigen Inc</name>
        <lei>549300XCWNQU35K64G19</lei>
        <title>Precigen Inc</title>
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        <name>Givaudan SA</name>
        <lei>213800SVRMQA1TD91D41</lei>
        <title>Givaudan SA</title>
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        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2024-277P Mortgage Trust</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander SA</name>
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        <name>Elme Communities</name>
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        <name>FREEDOM MORTGAGE CORP</name>
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        <name>Oaktown Re Ltd</name>
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        <name>ECOPETROL SA</name>
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        <name>Fannie Mae</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Yunnan Baiyao Group Co Ltd</name>
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        <name>ADMA Biologics Inc</name>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>Navient Student Loan Trust</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CONOCOPHILLIPS COMPANY</name>
        <lei>6VJJ5GQWIRDQ06DUXG89</lei>
        <title>ConocoPhillips Co</title>
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          <isin value="US20826FBC95"/>
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        <balance>150000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-15</maturityDt>
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      <invstOrSec>
        <name>ANHEUSER-BUSCH CO/INBEV</name>
        <lei>N/A</lei>
        <title>Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc</title>
        <cusip>03522AAH3</cusip>
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          <isin value="US03522AAH32"/>
          <other otherDesc="SEDOL" value="BK5XW52"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143896.85000000</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>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Gold Pool</title>
        <cusip>31292JAL4</cusip>
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          <isin value="US31292JAL44"/>
          <other otherDesc="SEDOL" value="B12PDB1"/>
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        <balance>4370.71000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4404.98000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Synchrony Financial</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>Synchrony Financial</title>
        <cusip>87165B103</cusip>
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          <isin value="US87165B1035"/>
          <ticker value="SYF"/>
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        <balance>29000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1535260.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2019-H6</title>
        <cusip>61769JAZ4</cusip>
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          <isin value="US61769JAZ49"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1182307.88000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Meidensha Corp</name>
        <lei>529900VFKHJPVURD7985</lei>
        <title>Meidensha Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3919800007"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VIRGIN MEDIA SECURED FIN</name>
        <lei>213800X3RLP4NOTPY579</lei>
        <title>Virgin Media Secured Finance PLC</title>
        <cusip>000000000</cusip>
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          <isin value="XS2062666602"/>
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        <balance>300000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>UK CLEARING HOUSE LIMITED</name>
        <lei>213800O8SCO4XJGBU385</lei>
        <title>IRS GBP</title>
        <cusip>000000000</cusip>
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        <assetCat>DIR</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Trust</name>
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        <title>BX Commercial Mortgage Trust 2021-ACNT</title>
        <cusip>05609QAJ5</cusip>
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          <isin value="US05609QAJ58"/>
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        <balance>857298.48000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-15</maturityDt>
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      <invstOrSec>
        <name>Cargurus Inc</name>
        <lei>54930027BKQN6B7X7G78</lei>
        <title>Cargurus Inc</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>PACIFIC GAS &amp; ELECTRIC</name>
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        <title>Pacific Gas and Electric Co</title>
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          <isin value="US694308HY69"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool</title>
        <cusip>36290XM49</cusip>
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        <balance>6963.72000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-15</maturityDt>
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      <invstOrSec>
        <name>ROCC Trust</name>
        <lei>N/A</lei>
        <title>ROCK Trust 2024-CNTR</title>
        <cusip>74970WAA8</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-13</maturityDt>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2024-277P Mortgage Trust</title>
        <cusip>12654FAC4</cusip>
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          <isin value="US12654FAC41"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group</name>
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        <title>Mitsubishi UFJ Financial Group Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3902900004"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMISION FEDERAL DE ELEC</name>
        <lei>4469000001BFPONMPF32</lei>
        <title>Comision Federal de Electricidad</title>
        <cusip>200447AL4</cusip>
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          <isin value="US200447AL44"/>
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        <balance>440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>421194.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Prologis Inc</name>
        <lei>529900DFH19P073LZ636</lei>
        <title>Prologis Inc</title>
        <cusip>74340W103</cusip>
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          <isin value="US74340W1036"/>
          <ticker value="PLD"/>
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        <balance>26400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2951256.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Lam Research Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Food &amp; Life Cos Ltd</name>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>MASTEC INC</name>
        <lei>549300TMDIT8WREDOF45</lei>
        <title>MasTec Inc</title>
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          <isin value="US576323AT63"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ADTALEM GLOBAL EDUCATION</name>
        <lei>549300Z467EZLMODV621</lei>
        <title>Adtalem Global Education Inc</title>
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          <isin value="US00737WAA71"/>
          <other otherDesc="SEDOL" value="BMWSVR9"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust 2024-CES6</title>
        <cusip>891947AA1</cusip>
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          <isin value="US891947AA14"/>
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        <balance>377722.99000000</balance>
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        <curCd>USD</curCd>
        <valUSD>379037.05000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-11-25</maturityDt>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp Trust 2024-RVR</title>
        <cusip>36272JAA1</cusip>
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          <isin value="US36272JAA16"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-10</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>MULTICARE HEALTH SYSTEM</name>
        <lei>549300OSCVFLGLKTTI33</lei>
        <title>MultiCare Health System</title>
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          <isin value="US62548LAA08"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NCR Atleos Corp</name>
        <lei>N/A</lei>
        <title>NCR Atleos Corp</title>
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          <isin value="US63001N1063"/>
          <ticker value="NATL"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CPIC</name>
        <lei>529900BA5ILEL308WX03</lei>
        <title>China Pacific Insurance Group Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000009Q7"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sprouts Farmers Market Inc</name>
        <lei>529900P8F4G77Q52XE24</lei>
        <title>Sprouts Farmers Market Inc</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>M/I HOMES INC</name>
        <lei>5299005M71FH9CCSFB69</lei>
        <title>M/I Homes Inc</title>
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        <name>UK CLEARING HOUSE LIMITED</name>
        <lei>213800O8SCO4XJGBU385</lei>
        <title>IRS USD</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>QBE Insurance Group Ltd</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Katitas Co Ltd</name>
        <lei>N/A</lei>
        <title>Katitas Co Ltd</title>
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          <isin value="JP3932950003"/>
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        <name>Reckitt Benckiser Group PLC</name>
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        <title>Reckitt Benckiser Group PLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMORGAN CHASE &amp; CO</name>
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        <title>JPMorgan Chase &amp; Co</title>
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        <name>REPUBLIC OF SERBIA</name>
        <lei>254900W94OCY91V32O78</lei>
        <title>Serbia International Bond</title>
        <cusip>000000000</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>RS</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>PRES &amp; FELLOWS OF HARVAR</name>
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        <name>Government National Mortgage A</name>
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        <name>Credit Suisse Mortgage Trust</name>
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        <name>Kiniksa Pharmaceuticals Intern</name>
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        <name>Tsubakimoto Chain Co</name>
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        <name>Wells Fargo Commercial Mortgag</name>
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        <name>Sanofi SA</name>
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        <name>Zydus Lifesciences Ltd</name>
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        <name>CIBC</name>
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      <invstOrSec>
        <name>OGE Energy Corp</name>
        <lei>CE5OG6JPOZMDSA0LAQ19</lei>
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      <invstOrSec>
        <name>CELLNEX FINANCE CO SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lupin Ltd</name>
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        <title>Lupin Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="INE326A01037"/>
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      <invstOrSec>
        <name>Verizon Communications Inc</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Heidelberg Materials AG</name>
        <lei>LZ2C6E0W5W7LQMX5ZI37</lei>
        <title>Heidelberg Materials AG</title>
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          <isin value="DE0006047004"/>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
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        <title>Ginnie Mae I Pool</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179WNE4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <title>IRS USD</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>NISOURCE INC</name>
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        <title>NiSource Inc</title>
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        <name>ROCC Trust</name>
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        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>DMC Global Inc</name>
        <lei>549300CBDXD1Z5MRNG02</lei>
        <title>DMC Global Inc</title>
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          <ticker value="BOOM"/>
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        <name>XPO INC</name>
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        <title>XPO Inc</title>
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        <name>Essity AB</name>
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        <name>Eva Airways Corp</name>
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        <title>Eva Airways Corp</title>
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        <name>VIATRIS INC</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>Viatris Inc</title>
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      <invstOrSec>
        <name>MARRIOTT INTERNATIONAL</name>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgag</name>
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      <invstOrSec>
        <name>DIG HLDNG/DIG FIN/DIFL</name>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
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        <name>Page Industries Ltd</name>
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        <invCountry>IN</invCountry>
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        <name>EASTERN GAS TRAN</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AdvanSix Inc</name>
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        <name>Emerson Electric Co</name>
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        <name>Meritage Homes Corp</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>PENTAIR FINANCE SARL</name>
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        <title>Pentair Finance Sarl</title>
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        <name>BOEING CO</name>
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        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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        <name>Towd Point Mortgage Trust</name>
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      <invstOrSec>
        <name>TALKTALK TELECOM GROUP</name>
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      <invstOrSec>
        <name>IVORY COAST</name>
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        <invCountry>CI</invCountry>
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        <name>V2X Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Broadcom Inc</name>
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        <title>Broadcom Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>FISERV INC</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>Fiserv Inc</title>
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          <isin value="US337738BD90"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-02</maturityDt>
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      <invstOrSec>
        <name>UK CLEARING HOUSE LIMITED</name>
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        <title>IRS USD</title>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW GENERATION GAS GATHERING LLC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Indofood Sukses Makmur Tbk PT</name>
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        <title>Indofood Sukses Makmur Tbk PT</title>
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        <assetCat>EC</assetCat>
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        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FLORIDA POWER &amp; LIGHT CO</name>
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        <title>Florida Power &amp; Light Co</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PROG Holdings Inc</name>
        <lei>549300DHYTLBOVRXIG52</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Japan Lifeline Co Ltd</name>
        <lei>353800QUW6LROZVA6765</lei>
        <title>Japan Lifeline Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="JP3754500001"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CPFL Energia SA</name>
        <lei>529900GBWSBDXN8GGM28</lei>
        <title>CPFL Energia SA</title>
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        <invCountry>BR</invCountry>
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        <name>Intuitive Surgical Inc</name>
        <lei>54930052SRG011710797</lei>
        <title>Intuitive Surgical Inc</title>
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        <name>M/I Homes Inc</name>
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        <name>AMERICAN TOWER CORP</name>
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        <title>American Tower Corp</title>
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        <name>TrueBlue Inc</name>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>Radnor Re LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>NAVER Corp</name>
        <lei>988400ULUQYDB2HQYJ61</lei>
        <title>NAVER Corp</title>
        <cusip>000000000</cusip>
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          <isin value="KR7035420009"/>
          <ticker value="035420"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITIBANK, NATIONAL ASSOCIATION</name>
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        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="FXB8ADKJJM1"/>
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        <balance>-242000.00000000</balance>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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                    <name>CITIBANK, NATIONAL ASSOCIATION</name>
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                      <other otherDesc="INTERNAL" value="PI61890_FXB8ADKJJM1_CITIU_S"/>
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      <invstOrSec>
        <name>First Foundation Inc</name>
        <lei>254900TQZQ6LBCK77E82</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae or Freddie Mac</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>01F042657</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage</name>
        <lei>N/A</lei>
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        <cusip>17328FAV7</cusip>
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          <isin value="US17328FAV76"/>
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        <balance>3600000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179W2X5</cusip>
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          <isin value="US36179W2X53"/>
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        <balance>730434.66000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
        <cusip>46625H100</cusip>
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          <isin value="US46625H1005"/>
          <ticker value="JPM"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pediatrix Medical Group Inc</name>
        <lei>N/A</lei>
        <title>Pediatrix Medical Group Inc</title>
        <cusip>58502B106</cusip>
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          <isin value="US58502B1061"/>
          <ticker value="MD"/>
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        <balance>13250.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACI Worldwide Inc</name>
        <lei>5493003BPVMZUJ6F5C02</lei>
        <title>ACI Worldwide Inc</title>
        <cusip>004498101</cusip>
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          <ticker value="ACIW"/>
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        <balance>6700.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Makita Corp</name>
        <lei>529900CDR9E94BCM6294</lei>
        <title>Makita Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3862400003"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIKING CRUISES LTD</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>Viking Cruises Ltd</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>COMCAST CORP</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>J.P. MORGAN SECURITIES LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
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        <name>Shopify Inc</name>
        <lei>549300HGQ43STJLLP808</lei>
        <title>Shopify Inc</title>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Laurel Road Prime Student Loan</name>
        <lei>N/A</lei>
        <title>Laurel Road Prime Student Loan Trust 2019-A</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Outfront Media Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PETROLEOS MEXICANOS</name>
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        <title>Petroleos Mexicanos</title>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>BNP PARIBAS</name>
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        <title>BNP Paribas SA</title>
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          <isin value="US09659W2P81"/>
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        <balance>685000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIVERSIFIED HEALTHCARE T</name>
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        <balance>19000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AGL Energy Ltd</name>
        <lei>549300QAZ8A74DEDXO80</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Woodward Capital Management</name>
        <lei>N/A</lei>
        <title>RCKT Mortgage Trust 2024-CES7</title>
        <cusip>749414AA6</cusip>
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          <isin value="US749414AA67"/>
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        <balance>457560.65000000</balance>
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        <curCd>USD</curCd>
        <valUSD>455189.85000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STRIPS</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Strip Coupon</title>
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          <isin value="US912834UB27"/>
          <other otherDesc="SEDOL" value="BPSP3H9"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19314.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cipla Ltd/India</name>
        <lei>335800KMJJYEDDK82Q34</lei>
        <title>Cipla Ltd/India</title>
        <cusip>000000000</cusip>
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          <isin value="INE059A01026"/>
          <ticker value="CIPLA"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>CDS UNITED STATES OF AMERICA</title>
        <cusip>000000000</cusip>
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        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                <issuerName>US TREASURY N/B</issuerName>
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      <invstOrSec>
        <name>Varex Imaging Corp</name>
        <lei>549300CWYWPVCT8E9W67</lei>
        <title>Varex Imaging Corp</title>
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          <ticker value="VREX"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aldar Properties PJSC</name>
        <lei>98450048CD8AEF13B480</lei>
        <title>Aldar Properties PJSC</title>
        <cusip>000000000</cusip>
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          <isin value="AEA002001013"/>
          <ticker value="ALDAR"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418ERA0</cusip>
        <identifiers>
          <isin value="US31418ERA00"/>
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        <balance>385628.54000000</balance>
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        <curCd>USD</curCd>
        <valUSD>392114.38000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT CO LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co LLC</title>
        <cusip>345397B51</cusip>
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          <isin value="US345397B512"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2028-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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      <invstOrSec>
        <name>Advantest Corp</name>
        <lei>353800EMK32PDKS9XR54</lei>
        <title>Advantest Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3122400009"/>
          <ticker value="6857"/>
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        <invCountry>JP</invCountry>
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        <name>ESCO Technologies Inc</name>
        <lei>5493007JJLP5MEWVDH10</lei>
        <title>ESCO Technologies Inc</title>
        <cusip>296315104</cusip>
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          <ticker value="ESE"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Xeris Biopharma Holdings Inc</name>
        <lei>N/A</lei>
        <title>Xeris Biopharma Holdings Inc</title>
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          <ticker value="XERS"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <name>Affirm Master Trust</name>
        <lei>N/A</lei>
        <title>Affirm Master Trust</title>
        <cusip>00833BAA6</cusip>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005214.00000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Deluxe Corp</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>Deluxe Corp</title>
        <cusip>248019101</cusip>
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          <isin value="US2480191012"/>
          <ticker value="DLX"/>
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        <balance>11650.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>184186.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DIVERSIFIED HEALTHCARE T</name>
        <lei>N/A</lei>
        <title>Diversified Healthcare Trust</title>
        <cusip>25525PAB3</cusip>
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          <isin value="US25525PAB31"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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        <fairValLevel>2</fairValLevel>
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        <name>Winnebago Industries Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Northrop Grumman Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CIVITAS RESOURCES INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418DWS7</cusip>
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          <isin value="US31418DWS79"/>
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        <balance>476862.35000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400648.90000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Bread Financial Holdings Inc</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>Bread Financial Holdings Inc</title>
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          <isin value="US0185811082"/>
          <ticker value="BFH"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DIAMOND SPORTS GRP LLC- WARRANTS</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="B8AD9KJQ2"/>
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        <balance>9591.53000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Power Corp of Canada</name>
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        <title>Power Corp of Canada</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BX Trust</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rapid7 Inc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>GOLDMAN SACHS INTERNATIONAL</name>
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        <name>Fannie Mae</name>
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        <name>Polyus PJSC</name>
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        <name>Brambles Ltd</name>
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        <name>Novartis AG</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Materion Corp</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Eletrobras SA</name>
        <lei>254900I8KYDELP4B4Z08</lei>
        <title>Centrais Eletricas Brasileiras SA</title>
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        <name>JP Morgan Mortgage Trust</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418DWQ1</cusip>
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          <isin value="US31418DWQ14"/>
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        <balance>940300.75000000</balance>
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        <curCd>USD</curCd>
        <valUSD>710450.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ERAC USA FINANCE LLC</name>
        <lei>LTKX5ODQW6Z7BQ2K1V47</lei>
        <title>ERAC USA Finance LLC</title>
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          <isin value="US26882PBE16"/>
          <other otherDesc="SEDOL" value="B28HLT2"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22763.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Adient PLC</name>
        <lei>5493002QLDY8O75RTR78</lei>
        <title>Adient PLC</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BD845X29"/>
          <ticker value="ADNT"/>
          <other otherDesc="SEDOL" value="BD845X2"/>
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        <balance>7700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>99022.00000000</valUSD>
        <pctVal>0.010196842042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>T-MOBILE USA INC</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA Inc</title>
        <cusip>87264ABS3</cusip>
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          <isin value="US87264ABS33"/>
          <other otherDesc="SEDOL" value="BMBKK02"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>254923.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DENTSPLY SIRONA Inc</name>
        <lei>9NHEHR1SOZCYXDO8HO28</lei>
        <title>DENTSPLY SIRONA Inc</title>
        <cusip>24906P109</cusip>
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          <isin value="US24906P1093"/>
          <ticker value="XRAY"/>
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        <balance>23500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>351090.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Genesco Inc</name>
        <lei>549300VY2Q511P1K5P56</lei>
        <title>Genesco Inc</title>
        <cusip>371532102</cusip>
        <identifiers>
          <isin value="US3715321028"/>
          <ticker value="GCO"/>
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        <balance>1300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27599.00000000</valUSD>
        <pctVal>0.002842021404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ASM International NV</name>
        <lei>7245001I22ND6ZFHX623</lei>
        <title>ASM International NV</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000334118"/>
          <ticker value="ASM"/>
          <other otherDesc="SEDOL" value="5165294"/>
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        <balance>689.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
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        <pctVal>0.032331502368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <title>USD/PHP FORWARD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="MDJ2503110382348"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-800.03000000</valUSD>
        <pctVal>-0.00008238350</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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        <securityLending>
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      <invstOrSec>
        <name>MARRIOTT INTERNATIONAL</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>Marriott International Inc/MD</title>
        <cusip>571903AS2</cusip>
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          <isin value="US571903AS22"/>
          <other otherDesc="SEDOL" value="BDHLBY7"/>
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        <balance>561000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>551455.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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>KAISER FOUNDATION HOSPIT</name>
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        <title>Kaiser Foundation Hospitals</title>
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          <isin value="US48305QAF00"/>
          <other otherDesc="SEDOL" value="BMF8YY4"/>
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        <balance>495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>355081.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.81000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NRG Energy Inc</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy Inc</title>
        <cusip>629377508</cusip>
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          <isin value="US6293775085"/>
          <ticker value="NRG"/>
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        <balance>22100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2109666.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sensata Technologies Holding P</name>
        <lei>529900MS7KFYCY9MS037</lei>
        <title>Sensata Technologies Holding PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BFMBMT84"/>
          <ticker value="ST"/>
          <other otherDesc="SEDOL" value="BFMBMT8"/>
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        <balance>36400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>883428.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STRIPS</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Strip Coupon</title>
        <cusip>912834PT9</cusip>
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          <isin value="US912834PT99"/>
          <other otherDesc="SEDOL" value="BPSP3C4"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20401.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>General Motors Co</name>
        <lei>54930070NSV60J38I987</lei>
        <title>General Motors Co</title>
        <cusip>37045V100</cusip>
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          <isin value="US37045V1008"/>
          <ticker value="GM"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Sanmina Corp</name>
        <lei>X5K24XLM8QYRXF00EB42</lei>
        <title>Sanmina Corp</title>
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          <isin value="US8010561020"/>
          <ticker value="SANM"/>
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        <balance>3300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251394.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PRINCIPAL FINANCIAL GRP</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
        <title>Principal Financial Group Inc</title>
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          <isin value="US74251VAF94"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13436.04000000</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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      <invstOrSec>
        <name>Woodward Capital Management</name>
        <lei>N/A</lei>
        <title>RCKT Mortgage Trust 2024-CES9</title>
        <cusip>749426AA0</cusip>
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          <isin value="US749426AA06"/>
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        <balance>387308.54000000</balance>
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        <curCd>USD</curCd>
        <valUSD>388510.09000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Otter Tail Corp</name>
        <lei>N/A</lei>
        <title>Otter Tail Corp</title>
        <cusip>689648103</cusip>
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          <isin value="US6896481032"/>
          <ticker value="OTTR"/>
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        <curCd>USD</curCd>
        <valUSD>160740.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>HUF/USD FORWARD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="MDJ2502140704028"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>7517.16000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
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        <name>Freddie Mac</name>
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        <name>BankUnited Inc</name>
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        <name>Photronics Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Government National Mortgage A</name>
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        <issuerCat>USGA</issuerCat>
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        <name>Analog Devices Inc</name>
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        <name>AMER AIRLINE 16-1 AA PTT</name>
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        <name>H&amp;E EQUIPMENT SERVICES</name>
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        <name>PTC Therapeutics Inc</name>
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        <name>KAISER FOUNDATION HOSPIT</name>
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        <name>GOLDMAN SACHS INTERNATIONAL</name>
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        <name>Mabuchi Motor Co Ltd</name>
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        <name>MLP Saglik Hizmetleri AS</name>
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        <name>Life Healthcare Group Holdings</name>
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        <title>Netflix Inc</title>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Imperial Brands PLC</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>Imperial Brands PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB0004544929"/>
          <ticker value="IMB"/>
          <other otherDesc="SEDOL" value="0454492"/>
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        <balance>26656.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77414360"/>
        <valUSD>986322.02000000</valUSD>
        <pctVal>0.101567023902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BELLEMEADE RE LT</name>
        <lei>N/A</lei>
        <title>Bellemeade Re 2022-1 Ltd</title>
        <cusip>078774AB2</cusip>
        <identifiers>
          <isin value="US078774AB23"/>
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        <balance>87528.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>87880.77000000</valUSD>
        <pctVal>0.009049568078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.48969000</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>PUBLIC SERVICE COLORADO</name>
        <lei>5BANEF6PGSEK0SNMQF44</lei>
        <title>Public Service Co of Colorado</title>
        <cusip>744448CK5</cusip>
        <identifiers>
          <isin value="US744448CK56"/>
          <other otherDesc="SEDOL" value="BJZD6P3"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29031.96000000</valUSD>
        <pctVal>0.002989581207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>USD CALL VERSUS BRL PUT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FXB8ADN9ER4"/>
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        <balance>-120000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-160.03000000</valUSD>
        <pctVal>-0.00001647917</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>J.P. MORGAN SECURITIES LLC</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <fwdDeriv derivCat="FWD">
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                  <derivAddlInfo>
                    <name>J.P. MORGAN SECURITIES LLC</name>
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                    <cusip>000000000</cusip>
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                      <other otherDesc="INTERNAL" value="PI61890_FXB8ADN9ER4_187_S"/>
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                    <balance>0.00000000</balance>
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                    <curCd>USD</curCd>
                    <valUSD>0.00000000</valUSD>
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                    <issuerCat>CORP</issuerCat>
                    <invCountry>US</invCountry>
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                  <amtCurSold>N/A</amtCurSold>
                  <curSold>USD</curSold>
                  <amtCurPur>N/A</amtCurPur>
                  <curPur>BRL</curPur>
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            <principalAmt>-120000.00000000</principalAmt>
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            <exercisePrice>5.93000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-04-09</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1068.77000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>SWOP CDS CDX.NA.IG.43.V1</title>
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          <other otherDesc="INTERNAL" value="SWB8ADFTFH0"/>
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        <balance>-3750000.00000000</balance>
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        <descOthUnits>Other</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-473.94000000</valUSD>
        <pctVal>-0.00004880421</pctVal>
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        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>J.P. MORGAN SECURITIES LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <swapDeriv derivCat="SWP">
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                    <name>J.P. MORGAN SECURITIES LLC</name>
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                    <curCd>USD</curCd>
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                    <issuerCat>CORP</issuerCat>
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                      <issuerName>IHS MARKIT LTD</issuerName>
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                        <cusip value="000000000"/>
                        <other otherDesc="INTERNAL" value="2I65BYEG6_INDEX_US"/>
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                  <otherRecDesc fixedOrFloating="Other">Default Event</otherRecDesc>
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                  <upfrontRcpt>0.00000000</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
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                  <curCd>N/A</curCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>2451.06000000</unrealizedAppr>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Grou</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3890350006"/>
          <ticker value="8316"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool</title>
        <cusip>36225BNC8</cusip>
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          <isin value="US36225BNC80"/>
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        <balance>1761.10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1826.07000000</valUSD>
        <pctVal>0.000188040509</pctVal>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>AIB Group PLC</name>
        <lei>635400AKJBGNS5WNQL34</lei>
        <title>AIB Group PLC</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BF0L3536"/>
          <ticker value="AIBG"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Technology One Ltd</name>
        <lei>875500YEWBJIM91P9N12</lei>
        <title>Technology One Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000TNE8"/>
          <ticker value="TNE"/>
          <other otherDesc="SEDOL" value="6302410"/>
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        <balance>6850.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.60038409"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool</title>
        <cusip>36292KMY9</cusip>
        <identifiers>
          <isin value="US36292KMY90"/>
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        <balance>25033.90000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25734.29000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae or Freddie Mac</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae or Freddie Mac</title>
        <cusip>01F022659</cusip>
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        <balance>1000000.00000000</balance>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hudson Pacific Properties Inc</name>
        <lei>N/A</lei>
        <title>Hudson Pacific Properties Inc</title>
        <cusip>444097109</cusip>
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          <isin value="US4440971095"/>
          <ticker value="HPP"/>
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        <balance>68600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202370.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>BROOKFIELD RESID PROPERT</name>
        <lei>N/A</lei>
        <title>Brookfield Residential Properties Inc / Brookfield Residential US LLC</title>
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          <other otherDesc="SEDOL" value="BLCF5S2"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>523860.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Freee KK</name>
        <lei>N/A</lei>
        <title>Freee KK</title>
        <cusip>000000000</cusip>
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          <isin value="JP3826520003"/>
          <ticker value="4478"/>
          <other otherDesc="SEDOL" value="BKLFVR7"/>
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        <balance>2100.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31405WMC6</cusip>
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          <isin value="US31405WMC63"/>
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        <balance>6657.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6924.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>CDS CDX.NA.HY.42.V1</title>
        <cusip>000000000</cusip>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1410.23000000</valUSD>
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        <assetCat>DCR</assetCat>
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        <fairValLevel>3</fairValLevel>
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                <issuerName>IHS MARKIT LTD</issuerName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>BMO Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BELLEMEADE RE LT</name>
        <lei>N/A</lei>
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        <invCountry>BM</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Novo Nordisk A/S</name>
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        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cavco Industries Inc</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MPLX LP</name>
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        <title>MPLX LP</title>
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          <isin value="US55336VAT70"/>
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        <balance>176000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WILLIAMS COMPANIES INC</name>
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        <title>Williams Cos Inc/The</title>
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          <isin value="US96950FAN42"/>
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        <balance>175000.00000000</balance>
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        <valUSD>165050.51000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-04</maturityDt>
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        <name>STRIPS</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Strip Coupon</title>
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          <isin value="US912834LX48"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>Progyny Inc</name>
        <lei>N/A</lei>
        <title>Progyny Inc</title>
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          <isin value="US74340E1038"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESCO International Inc</name>
        <lei>529900TXOGREY3WNJ434</lei>
        <title>WESCO International Inc</title>
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          <ticker value="WCC"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GEN DIGITAL INC</name>
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        <title>Gen Digital Inc</title>
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          <isin value="US668771AM05"/>
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        <balance>66000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Citibank, National Association</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>JPY/USD FORWARD</title>
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      <invstOrSec>
        <name>Enact Holdings Inc</name>
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          <ticker value="ACT"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Great-West Lifeco Inc</name>
        <lei>549300X81X4VZEESFU46</lei>
        <title>Great-West Lifeco Inc</title>
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        <invCountry>CA</invCountry>
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        <name>NEWMONT / NEWCREST FIN</name>
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      <invstOrSec>
        <name>BYD Co Ltd</name>
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        <invCountry>CN</invCountry>
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        <name>Life Time Group Holdings Inc</name>
        <lei>N/A</lei>
        <title>Life Time Group Holdings Inc</title>
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        <name>Kinbane DAC</name>
        <lei>635400B9FSRJAFAZIY56</lei>
        <title>Kinbane 2024-Rpl 2 DAC</title>
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        <invCountry>IE</invCountry>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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        <balance>565446.46000000</balance>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Interface Inc</name>
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        <title>Interface Inc</title>
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          <ticker value="TILE"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Water Works Co Inc</name>
        <lei>549300DXHIJQMD5WFW18</lei>
        <title>American Water Works Co Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BENCHMARK Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US08163TAC62"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citibank, National Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Asustek Computer Inc</name>
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        <title>Asustek Computer Inc</title>
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        <invCountry>TW</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIGICEL INTL FIN LTD</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>VMED O2 UK FINAN</name>
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        <title>Vmed O2 UK Financing I PLC</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Guardant Health Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ACCO Brands Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
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        <title>Ginnie Mae II Pool</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CGI Inc</name>
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        <title>CGI Inc</title>
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        <name>MCAFEE CORP</name>
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        <title>McAfee Corp</title>
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        <name>General Electric Co</name>
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        <title>General Electric Co</title>
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        <name>Schindler Holding AG</name>
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        <name>EUREX CLEARING AKTIENGESELLSCHAFT</name>
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        <name>Seres Group Co Ltd</name>
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        <name>StepStone Group Inc</name>
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        <name>GENERAL MOTORS CO</name>
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        <name>First American Financial Corp</name>
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        <title>First American Financial Corp</title>
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        <name>Takeda Pharmaceutical Co Ltd</name>
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        <title>Takeda Pharmaceutical Co Ltd</title>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <name>United Natural Foods Inc</name>
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        <name>Enel Chile SA</name>
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        <name>THE TORONTO-DOMINION BANK</name>
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        <name>Bank Polska Kasa Opieki SA</name>
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        <pctVal>0.002545843211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank5</name>
        <lei>N/A</lei>
        <title>BANK5 2024-5YR8</title>
        <cusip>065923AY0</cusip>
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          <isin value="US065923AY07"/>
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        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1874731.32000000</valUSD>
        <pctVal>0.193051434447</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.88400000</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>Red Violet Inc</name>
        <lei>549300T4EGADG881UU63</lei>
        <title>Red Violet Inc</title>
        <cusip>75704L104</cusip>
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          <isin value="US75704L1044"/>
          <ticker value="RDVT"/>
        </identifiers>
        <balance>1600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60144.00000000</valUSD>
        <pctVal>0.006193359736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DIGICEL GROUP HOLDINGS</name>
        <lei>N/A</lei>
        <title>Digicel Group Holdings Ltd</title>
        <cusip>25381HAM0</cusip>
        <identifiers>
          <isin value="US25381HAM07"/>
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        <balance>29546.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.03000000</valUSD>
        <pctVal>0.000000003089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>BRL CALL VERSUS USD PUT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FXB8ADQWJN4"/>
        </identifiers>
        <balance>-238000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2487.12000000</valUSD>
        <pctVal>-0.00025611247</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>J.P. MORGAN SECURITIES LLC</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
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                    <counterpartyName>J.P. MORGAN SECURITIES LLC</counterpartyName>
                    <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
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                  <derivAddlInfo>
                    <name>J.P. MORGAN SECURITIES LLC</name>
                    <lei>ZBUT11V806EZRVTWT807</lei>
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                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="INTERNAL" value="PI61890_FXB8ADQWJN4_187_S"/>
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                    <balance>0.00000000</balance>
                    <units>NC</units>
                    <currencyConditional curCd="BRL" exchangeRt="0.00000000"/>
                    <valUSD>0.00000000</valUSD>
                    <pctVal>0.00000000</pctVal>
                    <assetCat>DFE</assetCat>
                    <issuerCat>CORP</issuerCat>
                    <invCountry>US</invCountry>
                    <invOthCountry>US</invOthCountry>
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                  <amtCurSold>N/A</amtCurSold>
                  <curSold>BRL</curSold>
                  <amtCurPur>N/A</amtCurPur>
                  <curPur>USD</curPur>
                  <settlementDt>2025-04-24</settlementDt>
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            </descRefInstrmnt>
            <principalAmt>-238000.00000000</principalAmt>
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            <exercisePrice>5.70000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-04-24</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-308.23000000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>CNH CALL VERSUS USD PUT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FXB8AD9L6D3"/>
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        <balance>481000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0.04000000</valUSD>
        <pctVal>0.000000004119</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
              <counterpartyLei>7LTWFZYICNSX8D621K86</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
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                    <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
                    <counterpartyLei>7LTWFZYICNSX8D621K86</counterpartyLei>
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                  <derivAddlInfo>
                    <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
                    <lei>7LTWFZYICNSX8D621K86</lei>
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                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="INTERNAL" value="PI63231_FXB8AD9L6D3_DEUTG_B"/>
                    </identifiers>
                    <balance>0.00000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>0.00000000</valUSD>
                    <pctVal>0.00000000</pctVal>
                    <assetCat>DFE</assetCat>
                    <issuerCat>CORP</issuerCat>
                    <invCountry>DE</invCountry>
                    <invOthCountry>US</invOthCountry>
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                  <amtCurSold>N/A</amtCurSold>
                  <curSold>CNY</curSold>
                  <amtCurPur>N/A</amtCurPur>
                  <curPur>USD</curPur>
                  <settlementDt>2025-05-08</settlementDt>
                </fwdDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>481000.00000000</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>6.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-05-08</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-24.20000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Woodward Capital Management</name>
        <lei>N/A</lei>
        <title>RCKT Mortgage Trust 2024-CES5</title>
        <cusip>74938KAA5</cusip>
        <identifiers>
          <isin value="US74938KAA51"/>
        </identifiers>
        <balance>222227.13000000</balance>
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        <curCd>USD</curCd>
        <valUSD>222966.75000000</valUSD>
        <pctVal>0.022960117251</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.84600000</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>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc</title>
        <cusip>59156R108</cusip>
        <identifiers>
          <isin value="US59156R1086"/>
          <ticker value="MET"/>
        </identifiers>
        <balance>18800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1509452.00000000</valUSD>
        <pctVal>0.155436606153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063A7D0</cusip>
        <identifiers>
          <isin value="US13063A7D02"/>
          <other otherDesc="SEDOL" value="B54BZ20"/>
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        <balance>210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>242010.08000000</valUSD>
        <pctVal>0.024921114079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.30000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31410QPE5</cusip>
        <identifiers>
          <isin value="US31410QPE51"/>
        </identifiers>
        <balance>6379.15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6683.76000000</valUSD>
        <pctVal>0.000688263668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179XTE6</cusip>
        <identifiers>
          <isin value="US36179XTE66"/>
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        <balance>405875.56000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>414585.11000000</valUSD>
        <pctVal>0.042692117709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
        <cusip>3132DWFT5</cusip>
        <identifiers>
          <isin value="US3132DWFT53"/>
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        <balance>513622.81000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>523211.20000000</valUSD>
        <pctVal>0.053877945923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX LP</title>
        <cusip>55336VAL4</cusip>
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          <isin value="US55336VAL45"/>
          <other otherDesc="SEDOL" value="BYXT874"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17606.47000000</valUSD>
        <pctVal>0.001813035421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Godfrey Phillips India Ltd</name>
        <lei>335800G5RNAHTNVKE518</lei>
        <title>Godfrey Phillips India Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="INE260B01028"/>
          <ticker value="GP"/>
          <other otherDesc="SEDOL" value="BSBML96"/>
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        <balance>564.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179RB24</cusip>
        <identifiers>
          <isin value="US36179RB242"/>
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        <balance>39253.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39544.09000000</valUSD>
        <pctVal>0.004072073270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>91282CFF3</cusip>
        <identifiers>
          <isin value="US91282CFF32"/>
          <other otherDesc="SEDOL" value="BQHM4D1"/>
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        <balance>6805000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6222321.88000000</valUSD>
        <pctVal>0.640746837541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Bridgebio Pharma Inc</name>
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        <name>Idemitsu Kosan Co Ltd</name>
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        <name>Engie SA</name>
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        <name>Cheniere Energy Inc</name>
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        <name>Coeur Mining Inc</name>
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        <name>Intercontinental Exchange Inc</name>
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        <name>Citibank, National Association</name>
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        <name>Fannie Mae</name>
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        <name>Compass Diversified Holdings</name>
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        <name>ILLINOIS ST</name>
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        <title>State of Illinois</title>
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      <invstOrSec>
        <name>Rambus Inc</name>
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      <invstOrSec>
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        <name>Equinix Inc</name>
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        <name>Pnmac Gmsr Issuer Trust</name>
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        <name>Fannie Mae</name>
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        <name>Liberty Latin America Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Allison Transmission Holdings</name>
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        <name>Freddie Mac</name>
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        <name>Matrix Service Co</name>
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        <name>BARCLAYS PLC</name>
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        <name>Herc Holdings Inc</name>
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        <name>Freddie Mac</name>
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        <title>Freddie Mac Pool</title>
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        <name>Shinhan Financial Group Co Ltd</name>
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        <name>HD Hyundai Heavy Industries Co</name>
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      <invstOrSec>
        <name>Fannie Mae</name>
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        <name>CSX Corp</name>
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        <name>Liberty Latin America Ltd</name>
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        <name>UBS Securities LLC</name>
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        <name>Helix Energy Solutions Group I</name>
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        <name>Emirates NBD Bank PJSC</name>
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        <name>Humana Inc</name>
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        <name>Public Storage</name>
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        <name>Samsung Securities Co Ltd</name>
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        <name>HSBC Holdings PLC</name>
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        <name>FHLMC Multifamily Structured P</name>
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        <name>SPRINT CAPITAL CORP</name>
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        <name>Etihad Etisalat Co</name>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <name>Cognizant Technology Solutions</name>
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        <name>Fannie Mae</name>
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        <title>Fannie Mae Pool</title>
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        <name>ACADIA Pharmaceuticals Inc</name>
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        <name>McKesson Corp</name>
        <lei>549300WZWOM80UCFSF54</lei>
        <title>McKesson Corp</title>
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        <name>Semtech Corp</name>
        <lei>549300J7WUY317SW6O61</lei>
        <title>Semtech Corp</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BOEING CO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Associated Banc-Corp</name>
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          <isin value="US0454871056"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Columbus McKinnon Corp/NY</name>
        <lei>549300W3HQB0HO1F3G69</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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          <ticker value="N/A"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
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      <invstOrSec>
        <name>Rosneft Oil Co PJSC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Turk Hava Yollari AO</name>
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        <assetCat>EC</assetCat>
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        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>3i Group PLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <name>Fannie Mae</name>
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        <name>Government National Mortgage A</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>Pegasus Hava Tasimaciligi AS</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>GFL ENVIRONMENTAL INC</name>
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        <name>Deutsche Bank Commercial Mortg</name>
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        <name>Barclays Commercial Mortgage S</name>
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        <name>Government National Mortgage A</name>
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        <name>PETROBRAS GLOBAL FINANCE</name>
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      <invstOrSec>
        <name>Nasdaq Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BENCHMARK Mortgage Trust</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>BOEING CO</name>
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        <name>Lugo Funding DAC</name>
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        <name>STRIPS</name>
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        <name>Freddie Mac</name>
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        <name>Western Mining Co Ltd</name>
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        <name>California Resources Corp</name>
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        <name>BAWAG Group AG</name>
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        <name>Aker Solutions ASA</name>
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        <name>STANDARD INDUSTRI INC/NY</name>
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        <name>Koninklijke KPN NV</name>
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        <name>Freddie Mac</name>
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        <name>Fubon Financial Holding Co Ltd</name>
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        <name>Orion Corp/Republic of Korea</name>
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        <name>Towd Point Mortgage Trust</name>
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      <invstOrSec>
        <name>DBS Group Holdings Ltd</name>
        <lei>5493007FKT78NKPM5V55</lei>
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          <isin value="SG1L01001701"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMETEK Inc</name>
        <lei>549300WZDEF9KKE40E98</lei>
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          <isin value="US0311001004"/>
          <ticker value="AME"/>
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        <balance>1400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240996.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Loblaw Cos Ltd</name>
        <lei>5493008LN3O1DIDTSH67</lei>
        <title>Loblaw Cos Ltd</title>
        <cusip>539481101</cusip>
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          <isin value="CA5394811015"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOVT OF BERMUDA</name>
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        <title>Bermuda Government International Bond</title>
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          <isin value="US085209AG93"/>
          <other otherDesc="SEDOL" value="BMTV8S1"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>173592.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-20</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
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        <title>EUR CALL VERSUS USD PUT</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="FXB8ADMVJ34"/>
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        <balance>961000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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                    <name>J.P. MORGAN SECURITIES LLC</name>
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                      <other otherDesc="INTERNAL" value="PI61890_FXB8ADMVJ34_187_B"/>
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      <invstOrSec>
        <name>Nestle SA</name>
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        <title>Nestle SA</title>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>REPUBLIC OF SERBIA</name>
        <lei>254900W94OCY91V32O78</lei>
        <title>Serbia International Bond</title>
        <cusip>000000000</cusip>
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          <isin value="XS2170187145"/>
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        <invCountry>RS</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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      <invstOrSec>
        <name>HIMILE</name>
        <lei>655600LE14YR05ZRKX68</lei>
        <title>Shandong Himile Mechanical Science &amp; Technology Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000014X3"/>
          <ticker value="002595"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31390JKD2</cusip>
        <identifiers>
          <isin value="US31390JKD27"/>
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        <balance>6641.53000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6847.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Obayashi Corp</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>Obayashi Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3190000004"/>
          <ticker value="1802"/>
          <other otherDesc="SEDOL" value="6656407"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VERIZON COMMUNICATIONS</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SCOTTS MIRACLE-GRO CO</name>
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        <title>Scotts Miracle-Gro Co/The</title>
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        <invCountry>US</invCountry>
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        <name>BPER Banca SPA</name>
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        <name>Intapp Inc</name>
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        <name>Marriott Vacations Worldwide C</name>
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        <title>Marriott Vacations Worldwide Corp</title>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>Freddie Mac</name>
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        <title>Freddie Mac Pool</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PRP Advisors, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PETROLEOS MEXICANOS</name>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Peapack-Gladstone Financial Co</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lloyds Banking Group PLC</name>
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          <isin value="GB0008706128"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MS&amp;AD Insurance Group Holdings</name>
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          <isin value="JP3890310000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESKOM HOLDINGS SOC LTD</name>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-10</maturityDt>
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      <invstOrSec>
        <name>KB Financial Group Inc</name>
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          <isin value="KR7105560007"/>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ford Credit Auto Owner Trust/F</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
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        <name>Turkcell Iletisim Hizmetleri A</name>
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        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Inghams Group Ltd</name>
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        <name>PETROLEOS MEXICANOS</name>
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        <name>Anycolor Inc</name>
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        <name>Williams Cos Inc/The</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>RTX CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Trust</name>
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        <name>ServiceNow Inc</name>
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        <name>Cabot Corp</name>
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        <name>Olo Inc</name>
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        <name>Freddie Mac</name>
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        <name>ELEVANCE HEALTH INC</name>
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        <name>Freddie Mac</name>
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        <name>CITIGROUP INC</name>
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        <name>California Water Service Group</name>
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        <name>Ambarella Inc</name>
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        <name>DXC Technology Co</name>
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        <name>Agnico Eagle Mines Ltd</name>
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        <name>OneMain Financial Issuance Tru</name>
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        <name>Stryker Corp</name>
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        <name>Citibank, National Association</name>
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        <name>BENCHMARK Mortgage Trust</name>
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        <name>UNIV OF VIRGINIA VA UNIV REVEN</name>
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        <name>Avis Budget Rental Car Funding</name>
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        <name>BRANDYWINE OPER PARTNERS</name>
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        <name>Fannie Mae</name>
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        <name>Geely Automobile Holdings Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>NCL CORPORATION LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PACTIV EVERGREEN GROUP</name>
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        <name>MMAF Equipment Finance LLC</name>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>GOLDMAN SACHS GROUP INC</name>
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      <invstOrSec>
        <name>Spotify Technology SA</name>
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        <title>Spotify Technology SA</title>
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          <ticker value="SPOT"/>
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        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Independent Bank Corp</name>
        <lei>549300C5K3W8THR3GE10</lei>
        <title>Independent Bank Corp</title>
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          <isin value="US4538361084"/>
          <ticker value="INDB"/>
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        <curCd>USD</curCd>
        <valUSD>231805.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Axsome Therapeutics Inc</name>
        <lei>549300EXGR0XLRJEIB95</lei>
        <title>Axsome Therapeutics Inc</title>
        <cusip>05464T104</cusip>
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          <isin value="US05464T1043"/>
          <ticker value="AXSM"/>
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        <balance>1800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209934.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LAMB WESTON HLD</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>Lamb Weston Holdings Inc</title>
        <cusip>513272AD6</cusip>
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          <isin value="US513272AD65"/>
          <other otherDesc="SEDOL" value="BMVRF31"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69885.41000000</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>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED RENTALS NORTH AM</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America Inc</title>
        <cusip>911365BP8</cusip>
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          <isin value="US911365BP80"/>
          <other otherDesc="SEDOL" value="BNBWPS8"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>176727.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Extendicare Inc</name>
        <lei>5493001DQ0G74DE4CY39</lei>
        <title>Extendicare Inc</title>
        <cusip>30224T863</cusip>
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          <isin value="CA30224T8639"/>
          <ticker value="EXE"/>
          <other otherDesc="SEDOL" value="B86RZZ0"/>
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        <balance>19800.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.43905000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JD.com Inc</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.com Inc</title>
        <cusip>000000000</cusip>
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          <isin value="KYG8208B1014"/>
          <ticker value="9618"/>
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        <balance>28800.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.78145000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DP WORLD LTD UAE</name>
        <lei>549300M3U2DNF4QVSS04</lei>
        <title>DP World Ltd/United Arab Emirates</title>
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          <isin value="XS1883966076"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
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        <title>SWOP CDS CDX.NA.IG.43.V1</title>
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          <other otherDesc="INTERNAL" value="SWB8ADFTG63"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Holcim AG</name>
        <lei>529900EHPFPYHV6IQO98</lei>
        <title>Holcim AG</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>REPUBLIC OF SERBIA</name>
        <lei>254900W94OCY91V32O78</lei>
        <title>Serbia International Bond</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>RS</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GRIFFON CORPORATION</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>Griffon Corp</title>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LAMB WESTON HLD</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>Lamb Weston Holdings Inc</title>
        <cusip>513272AE4</cusip>
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        <name>Philip Morris International In</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International Inc</title>
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          <isin value="US7181721090"/>
          <ticker value="PM"/>
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        <name>Adeia Inc</name>
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        <title>Adeia Inc</title>
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      <invstOrSec>
        <name>Conagra Brands Inc</name>
        <lei>54930035UDEIH090K650</lei>
        <title>Conagra Brands Inc</title>
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          <ticker value="CAG"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Social Professional Loan Progr</name>
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        <title>Sofi Professional Loan Program 2019-C LLC</title>
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        <valUSD>152997.44000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Griffon Corp</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>Griffon Corp</title>
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        <curCd>USD</curCd>
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        <name>OneMain Direct Auto Receivable</name>
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        <name>IVORY COAST</name>
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        <name>MARKEL GROUP INC</name>
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        <name>Fannie Mae</name>
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      <invstOrSec>
        <name>WARNERMEDIA HOLDINGS INC</name>
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        <name>GSK PLC</name>
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        <name>BOC Hong Kong Holdings Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verint Systems Inc</name>
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        <name>BARCLAYS BANK PLC</name>
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        <name>Vedanta Ltd</name>
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        <name>DOW CHEMICAL CO/THE</name>
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        <name>OneMain Direct Auto Receivable</name>
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        <name>Bank of New York Mellon Corp/T</name>
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        <name>Saudi Telecom Co</name>
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        <name>Hudbay Minerals Inc</name>
        <lei>549300WI524AL577IX21</lei>
        <title>Hudbay Minerals Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>JB Hi-Fi Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LHOME Mortgage Trust</name>
        <lei>5299002NGIWITLMXOH85</lei>
        <title>LHOME Mortgage Trust 2025-RTL1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
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        <name>KINDER MORGAN INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hana Financial Group Inc</name>
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        <name>iShares MSCI EAFE ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BRASKEM NETHERLANDS</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>UNITED AIRLINES INC</name>
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        <name>Zebra Technologies Corp</name>
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        <name>Government National Mortgage A</name>
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        <title>Ginnie Mae II Pool</title>
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        <name>Catalyst Pharmaceuticals Inc</name>
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        <name>US TREASURY N/B</name>
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        <name>Freddie Mac</name>
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        <title>Freddie Mac Pool</title>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>NOVELIS CORP</name>
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        <title>Novelis Corp</title>
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        <name>Lowe's Cos Inc</name>
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        <name>Tenable Holdings Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GENERAL MOTORS FINL CO</name>
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        <name>UNITED AIRLINES INC</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>United Airlines Inc</title>
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        <name>Snowflake Inc</name>
        <lei>254900CJNSY1K7T53Z16</lei>
        <title>Snowflake Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Sixth Street CLO LTD.</name>
        <lei>N/A</lei>
        <title>Sixth Street CLO XIX Ltd</title>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Yunnan Yuntianhua Co Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Social Professional Loan Progr</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>Vanda Pharmaceuticals Inc</name>
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        <name>Maruti Suzuki India Ltd</name>
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        <title>Maruti Suzuki India Ltd</title>
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        <name>CANTOR FITZGERALD LP</name>
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        <title>Cantor Fitzgerald LP</title>
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        <name>Wolters Kluwer NV</name>
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        <name>UBS Commercial Mortgage Trust</name>
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        <name>Riyad Bank</name>
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        <title>Riyad Bank</title>
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        <invCountry>SA</invCountry>
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        <name>BOEING CO</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co/The</title>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <name>EnerSys</name>
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        <name>Hon Hai Precision Industry Co</name>
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        <name>Freddie Mac - STACR</name>
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        <name>Fidelity National Information</name>
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        <name>Ryder System Inc</name>
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        <name>Hazama Ando Corp</name>
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        <name>CIGNA GROUP/THE</name>
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        <name>BARCLAYS PLC</name>
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        <name>Alibaba Group Holding Ltd</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>TTM Technologies Inc</name>
        <lei>549300SC4BDOIS008048</lei>
        <title>TTM Technologies Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>BOMBARDIER INC</name>
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      <invstOrSec>
        <name>Powszechna Kasa Oszczednosci B</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASGN Inc</name>
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        <name>Radius Recycling Inc</name>
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        <name>Option Care Health Inc</name>
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        <name>Citibank, National Association</name>
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      <invstOrSec>
        <name>Visa Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pitney Bowes Inc</name>
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        <name>Onslow Bay Financial LLC</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <name>BENCHMARK Mortgage Trust</name>
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        <name>STRIPS</name>
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        <title>United States Treasury Strip Coupon</title>
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        <name>BOMBARDIER INC</name>
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        <name>BAT INTL FINANCE PLC</name>
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        <name>Moelis &amp; Co</name>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Freddie Mac</name>
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        <name>DOW CHEMICAL CO/THE</name>
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        <name>PERMIAN RESOURC OPTG LLC</name>
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        <name>Shionogi &amp; Co Ltd</name>
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        <name>Avista Corp</name>
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        <name>SASOL FINANCING USA LLC</name>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>Tennant Co</name>
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        <name>Fannie Mae</name>
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        <name>Government National Mortgage A</name>
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        <name>CLARIOS GLOBAL LP/US FIN</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>BOMBARDIER INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PACIFIC GAS &amp; ELECTRIC</name>
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      <invstOrSec>
        <name>HCL Technologies Ltd</name>
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        <name>DNB Bank ASA</name>
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        <name>JPMORGAN CHASE &amp; CO</name>
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        <name>Citibank, National Association</name>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Sea Ltd</name>
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        <name>Primoris Services Corp</name>
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        <name>Skyward Specialty Insurance Gr</name>
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        <name>SOUTHWESTERN PUBLIC SERV</name>
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        <name>OneMain Financial Issuance Tru</name>
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        <name>Government National Mortgage A</name>
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        <name>Cordatus CLO PLC</name>
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        <name>Fannie Mae</name>
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        <title>Fannie Mae Pool</title>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418EBT6</cusip>
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          <isin value="US31418EBT64"/>
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        <balance>389351.52000000</balance>
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        <curCd>USD</curCd>
        <valUSD>338362.68000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Diversified Healthcare Trust</name>
        <lei>N/A</lei>
        <title>Diversified Healthcare Trust</title>
        <cusip>25525P107</cusip>
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          <isin value="US25525P1075"/>
          <ticker value="DHC"/>
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        <balance>62250.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149400.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wellfleet CLO Ltd</name>
        <lei>2549001JCRYETQY84B65</lei>
        <title>Wellfleet CLO 2020-1 Ltd</title>
        <cusip>94949GAN1</cusip>
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          <isin value="US94949GAN16"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2497548.25000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.50198000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNYMAC FIN SVCS INC</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PennyMac Financial Services Inc</title>
        <cusip>70932MAB3</cusip>
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          <isin value="US70932MAB37"/>
          <other otherDesc="SEDOL" value="BKPR135"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>304236.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIG MIDCO/DIFL US II LLC</name>
        <lei>N/A</lei>
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          <isin value="USG27707AA90"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LC</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-25</maturityDt>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="MDJ2503250762964"/>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Bloom Energy Corp</name>
        <lei>549300XB5J9BFW5JXV97</lei>
        <title>Bloom Energy Corp</title>
        <cusip>093712107</cusip>
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          <isin value="US0937121079"/>
          <ticker value="BE"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Paragon Banking Group PLC</name>
        <lei>213800S1TDKIB1IUTS72</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BANK OF AMERICA CORP</name>
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        <title>Bank of America Corp</title>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OFFICE CHERIFIEN DES PHO</name>
        <lei>213800D26TAPVTCVWG40</lei>
        <title>OCP SA</title>
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          <isin value="US67091TAF21"/>
          <other otherDesc="SEDOL" value="BS3F0N0"/>
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        <balance>413000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>423841.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STRIPS</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Strip Coupon</title>
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          <isin value="US912834PH51"/>
          <other otherDesc="SEDOL" value="BDCHQC3"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34580.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>US TREASURY N/B</name>
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        <title>United States Treasury Note/Bond</title>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CareDx Inc</name>
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        <title>CareDx Inc</title>
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          <ticker value="CDNA"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>CRESCENT ENERGY FINANCE</name>
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        <title>Crescent Energy Finance LLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Lion Finance Group PLC</name>
        <lei>213800XKDG12NQG8VC53</lei>
        <title>Lion Finance Group PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BF4HYT85"/>
          <ticker value="BGEO"/>
          <other otherDesc="SEDOL" value="BF4HYT8"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Divi's Laboratories Ltd</name>
        <lei>335800C1DHFG1C9T1M03</lei>
        <title>Divi's Laboratories Ltd</title>
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        <invCountry>IN</invCountry>
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        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>EUR/USD FORWARD</title>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
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        <balance>270884.54000000</balance>
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        <curCd>USD</curCd>
        <valUSD>259562.32000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>Automatic Data Processing Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OneMain Direct Auto Receivable</name>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>Tencent Holdings Ltd</name>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DTE ELECTRIC CO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenet Healthcare Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Government National Mortgage A</name>
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        <title>Ginnie Mae II Pool</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sysco Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CITIBANK, NATIONAL ASSOCIATION</name>
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        <name>VISTRA OPERATIONS CO LLC</name>
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        <name>Avis Budget Rental Car Funding</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
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        <name>Darden Restaurants Inc</name>
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        <title>Darden Restaurants Inc</title>
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        <name>OHIO POWER COMPANY</name>
        <lei>06ZODLC132CY1O2Y7D77</lei>
        <title>Ohio Power Co</title>
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        <name>Manulife Financial Corp</name>
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        <title>Manulife Financial Corp</title>
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        <name>OHIO POWER COMPANY</name>
        <lei>06ZODLC132CY1O2Y7D77</lei>
        <title>Ohio Power Co</title>
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        <name>CORP ANDINA DE FOMENTO</name>
        <lei>UKZ46SXGNYCZK0UOZE76</lei>
        <title>Corp Andina de Fomento</title>
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        <name>Alkermes PLC</name>
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        <name>Henkel AG &amp; Co KGaA</name>
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        <name>WH Group Ltd</name>
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        <name>Fannie Mae</name>
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        <name>Eurobank Ergasias Services and</name>
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        <name>Fannie Mae</name>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>Fannie Mae</name>
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        <name>IVORY COAST</name>
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        <name>HSBC SECURITIES (USA) INC.</name>
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      <invstOrSec>
        <name>HILCORP ENERGY I/HILCORP</name>
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      <invstOrSec>
        <name>SiTime Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>US Bancorp</name>
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          <isin value="US9029733048"/>
          <ticker value="USB"/>
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        <balance>57300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2419206.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
        <cusip>3133ANK78</cusip>
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          <isin value="US3133ANK789"/>
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        <balance>737620.47000000</balance>
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        <curCd>USD</curCd>
        <valUSD>616375.60000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CHARTER COMM OPT LLC/CAP</name>
        <lei>N/A</lei>
        <title>Charter Communications Operating LLC / Charter Communications Operating Capital</title>
        <cusip>161175AZ7</cusip>
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          <isin value="US161175AZ73"/>
          <other otherDesc="SEDOL" value="BZ06JT4"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111248.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>VENTURE GLOBAL CALCASIEU</name>
        <lei>549300GKHS6RS20NLH85</lei>
        <title>Venture Global Calcasieu Pass LLC</title>
        <cusip>92328MAA1</cusip>
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          <isin value="US92328MAA18"/>
          <other otherDesc="SEDOL" value="BMXTTB1"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27793.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GMS Inc</name>
        <lei>52990057RENOQO4U0D72</lei>
        <title>GMS Inc</title>
        <cusip>36251C103</cusip>
        <identifiers>
          <isin value="US36251C1036"/>
          <ticker value="GMS"/>
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        <balance>190.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13902.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CNO Financial Group Inc</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO Financial Group Inc</title>
        <cusip>12621E103</cusip>
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          <isin value="US12621E1038"/>
          <ticker value="CNO"/>
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        <balance>1400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58310.00000000</valUSD>
        <pctVal>0.006004502630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arista Networks Inc</name>
        <lei>635400H1WKBLOQERUU95</lei>
        <title>Arista Networks Inc</title>
        <cusip>040413205</cusip>
        <identifiers>
          <isin value="US0404132054"/>
          <ticker value="ANET"/>
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        <balance>28700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2223676.00000000</valUSD>
        <pctVal>0.228984194677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
        <cusip>3132DWNM1</cusip>
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          <isin value="US3132DWNM19"/>
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        <balance>499221.07000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>507138.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>PLN/USD FORWARD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="MDJ2501280394650"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>14021.87000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>S&amp;P500 EMINI</title>
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          <ticker value="ESM5"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG01FTN83M4"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-61711.67000000</valUSD>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>STANDARD &amp; POOR'S FINANCIAL SERVICES LLC</issuerName>
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      <invstOrSec>
        <name>Centrica PLC</name>
        <lei>E26EDV109X6EEPBKVH76</lei>
        <title>Centrica PLC</title>
        <cusip>000000000</cusip>
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          <ticker value="CNA"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DUKE UNIVERSITY HEALTH</name>
        <lei>SYIJ9BNVFR17R33OPQ57</lei>
        <title>Duke University Health System Inc</title>
        <cusip>26443CAA1</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ecovyst Inc</name>
        <lei>N/A</lei>
        <title>Ecovyst Inc</title>
        <cusip>27923Q109</cusip>
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          <ticker value="ECVT"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HILCORP ENERGY I/HILCORP</name>
        <lei>N/A</lei>
        <title>Hilcorp Energy I LP / Hilcorp Finance Co</title>
        <cusip>431318AU8</cusip>
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          <other otherDesc="SEDOL" value="BL6JRZ1"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48362.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Next PLC</name>
        <lei>213800WQD8ECPZP9PH98</lei>
        <title>Next PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0032089863"/>
          <ticker value="NXT"/>
          <other otherDesc="SEDOL" value="3208986"/>
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        <balance>2044.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OneMain Financial Issuance Tru</name>
        <lei>N/A</lei>
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        <name>ESKOM HOLDINGS SOC LTD</name>
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        <name>Blackbaud Inc</name>
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        <name>Hindustan Aeronautics Ltd</name>
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        <name>DISH NETWORK CORP</name>
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      <invstOrSec>
        <name>Bank of America, National Association</name>
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        <name>HEALTH CARE SERVICE CORP</name>
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        <name>Nordea Bank Abp</name>
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        <name>Henkel AG &amp; Co KGaA</name>
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        <assetCat>EP</assetCat>
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        <invCountry>DE</invCountry>
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        <name>Sally Beauty Holdings Inc</name>
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        <title>Sally Beauty Holdings Inc</title>
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        <name>Carlyle C17 CLO</name>
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        <name>SEALED AIR/SEALED AIR US</name>
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        <name>CITIBANK, NATIONAL ASSOCIATION</name>
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        <name>WP CAREY INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hang Seng Bank Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indo Tambangraya Megah Tbk PT</name>
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        <name>Terex Corp</name>
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        <name>Citibank, National Association</name>
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        <name>Siemens AG</name>
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        <name>SUMITOMO MITSUI TR BK LT</name>
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        <name>TotalEnergies SE</name>
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        <name>Freddie Mac</name>
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        <name>Pop Mart International Group L</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Foot Locker Inc</name>
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        <name>Wells Fargo Commercial Mortgag</name>
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        <name>Fannie Mae</name>
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        <name>HEALTHPEAK OP LLC</name>
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        <name>AKER BP ASA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NVIDIA Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Coca-Cola Co/The</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BBVA</name>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Suzuki Motor Corp</name>
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        <name>Fannie Mae</name>
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        <name>Apple Inc</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>Apple Inc</title>
        <cusip>037833100</cusip>
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          <isin value="US0378331005"/>
          <ticker value="AAPL"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kite Realty Group Trust</name>
        <lei>N/A</lei>
        <title>Kite Realty Group Trust</title>
        <cusip>49803T300</cusip>
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          <isin value="US49803T3005"/>
          <ticker value="KRG"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chugoku Marine Paints Ltd</name>
        <lei>N/A</lei>
        <title>Chugoku Marine Paints Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="JP3522600000"/>
          <ticker value="4617"/>
          <other otherDesc="SEDOL" value="6196000"/>
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        <balance>3400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="149.99000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
        <cusip>3132DWNL3</cusip>
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          <isin value="US3132DWNL36"/>
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        <balance>1813633.26000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1842397.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>Freeport-McMoRan Inc</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>Freeport-McMoRan Inc</title>
        <cusip>35671D857</cusip>
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          <isin value="US35671D8570"/>
          <ticker value="FCX"/>
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        <balance>3200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121152.00000000</valUSD>
        <pctVal>0.012475690322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Relay Therapeutics Inc</name>
        <lei>N/A</lei>
        <title>Relay Therapeutics Inc</title>
        <cusip>75943R102</cusip>
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          <isin value="US75943R1023"/>
          <ticker value="RLAY"/>
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        <balance>16400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42968.00000000</valUSD>
        <pctVal>0.004424652187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arabian Centres Co</name>
        <lei>8945006MT4ZZ5EBVCI56</lei>
        <title>Arabian Centres Co</title>
        <cusip>000000000</cusip>
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          <isin value="SA14QG523GH3"/>
          <ticker value="CENOMICE"/>
          <other otherDesc="SEDOL" value="BKBF694"/>
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        <balance>4697.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>USD/EUR FORWARD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="MDJ2503061034698"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>31321.41000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BARCLAYS PLC</counterpartyName>
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            <amtCurSold>-1792064.16000000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Victory Capital Holdings Inc</name>
        <lei>549300BN5LH2CIPPHS71</lei>
        <title>Victory Capital Holdings Inc</title>
        <cusip>92645B103</cusip>
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          <isin value="US92645B1035"/>
          <ticker value="VCTR"/>
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        <balance>2100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121527.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HILCORP ENERGY I/HILCORP</name>
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        <title>Hilcorp Energy I LP / Hilcorp Finance Co</title>
        <cusip>431318AV6</cusip>
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          <isin value="US431318AV64"/>
          <other otherDesc="SEDOL" value="BL6JRX9"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46721.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>ConocoPhillips</name>
        <lei>WPTL2Z3FIYTHSP5V2253</lei>
        <title>ConocoPhillips</title>
        <cusip>20825C104</cusip>
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          <isin value="US20825C1045"/>
          <ticker value="COP"/>
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        <balance>31400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3297628.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Avis Budget Rental Car Funding</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>Avis Budget Rental Car Funding AESOP LLC</title>
        <cusip>05377RHY3</cusip>
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          <isin value="US05377RHY36"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>408248.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.36000000</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>CRH PLC</name>
        <lei>549300MIDJNNTH068E74</lei>
        <title>CRH PLC</title>
        <cusip>000000000</cusip>
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          <isin value="IE0001827041"/>
          <ticker value="CRH"/>
          <other otherDesc="SEDOL" value="B01ZKD6"/>
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        <balance>13200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1161204.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley BAML Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23</title>
        <cusip>61690QAD1</cusip>
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          <isin value="US61690QAD16"/>
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        <balance>418466.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>417267.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ziff Davis Inc</name>
        <lei>5493008OJYGLHD7MXA18</lei>
        <title>Ziff Davis Inc</title>
        <cusip>48123V102</cusip>
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          <isin value="US48123V1026"/>
          <ticker value="ZD"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31403MWA3</cusip>
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          <isin value="US31403MWA34"/>
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        <balance>8715.08000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ICU Medical Inc</name>
        <lei>5493003NRW7LS2QZRH60</lei>
        <title>ICU Medical Inc</title>
        <cusip>44930G107</cusip>
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          <isin value="US44930G1076"/>
          <ticker value="ICUI"/>
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        <curCd>USD</curCd>
        <valUSD>152746.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUTHERN COPPER CORP</name>
        <lei>2549007U6NAP46Q9TU15</lei>
        <title>Southern Copper Corp</title>
        <cusip>84265VAA3</cusip>
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          <isin value="US84265VAA35"/>
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        <curCd>USD</curCd>
        <valUSD>108053.00000000</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>CITIBANK, NATIONAL ASSOCIATION</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>EUR CALL VERSUS CZK PUT</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Riley Exploration Permian Inc</name>
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        <name>Bank Hapoalim BM</name>
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        <name>KB Home</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.39500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Palo Alto Networks Inc</name>
        <lei>549300QXR2YVZV231H43</lei>
        <title>Palo Alto Networks Inc</title>
        <cusip>697435105</cusip>
        <identifiers>
          <isin value="US6974351057"/>
          <ticker value="PANW"/>
        </identifiers>
        <balance>3300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>563112.00000000</valUSD>
        <pctVal>0.057986751592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Peabody Energy Corp</name>
        <lei>EJCO258LNNVSKAR2JX59</lei>
        <title>Peabody Energy Corp</title>
        <cusip>704551100</cusip>
        <identifiers>
          <isin value="US7045511000"/>
          <ticker value="BTU"/>
        </identifiers>
        <balance>16350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>221542.50000000</valUSD>
        <pctVal>0.022813454365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENNECO INC</name>
        <lei>549300U0EXXFAQFAD785</lei>
        <title>Tenneco Inc</title>
        <cusip>880349AU9</cusip>
        <identifiers>
          <isin value="US880349AU90"/>
          <other otherDesc="SEDOL" value="BQ1PCD2"/>
        </identifiers>
        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>620084.20000000</valUSD>
        <pctVal>0.063853493570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS BANK PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>CDS KINGDOM OF SPAIN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="SWB8ADLSKH9"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>615.20000000</valUSD>
        <pctVal>0.000063350540</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
              <counterpartyLei>G5GSEF7VJP5I7OUK5573</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPAIN GOVERNMENT INTERNATIONAL BOND</issuerName>
                <issueTitle>SPAIN GOVERNMENT INTERNATIONAL BOND</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <isin value="XS1138687592"/>
                  <other otherDesc="SEDOL" value="BVCXT40"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <otherPmntDesc fixedOrFloating="Other">Default Event</otherPmntDesc>
            <terminationDt>2025-06-20</terminationDt>
            <upfrontPmnt>536.48000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>255000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>78.72000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEALTHPEAK OP LLC</name>
        <lei>PZ9HF5U52KPF0MH0QN75</lei>
        <title>Healthpeak OP LLC</title>
        <cusip>42250PAE3</cusip>
        <identifiers>
          <isin value="US42250PAE34"/>
          <other otherDesc="SEDOL" value="BQCZQY0"/>
        </identifiers>
        <balance>950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>951865.30000000</valUSD>
        <pctVal>0.098018825207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUIKRETE HOLDINGS INC</name>
        <lei>5493007KIN86DIZWZT22</lei>
        <title>Quikrete Holdings Inc</title>
        <cusip>74843PAB6</cusip>
        <identifiers>
          <isin value="US74843PAB67"/>
          <other otherDesc="SEDOL" value="BPH25H5"/>
        </identifiers>
        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69761.06000000</valUSD>
        <pctVal>0.007183681500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALPINE CORP</name>
        <lei>43R4VPJBXTU2O15HEF41</lei>
        <title>Calpine Corp</title>
        <cusip>131347CQ7</cusip>
        <identifiers>
          <isin value="US131347CQ78"/>
          <other otherDesc="SEDOL" value="BN30PL3"/>
        </identifiers>
        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>214850.47000000</valUSD>
        <pctVal>0.022124339089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31374CQU3</cusip>
        <identifiers>
          <isin value="US31374CQU35"/>
        </identifiers>
        <balance>48715.26000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48044.29000000</valUSD>
        <pctVal>0.004947385794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>09659W2M5</cusip>
        <identifiers>
          <isin value="US09659W2M50"/>
          <other otherDesc="SEDOL" value="BMDWBR0"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>697258.20000000</valUSD>
        <pctVal>0.071800526429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.90400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Exxon Mobil Corp</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>Exxon Mobil Corp</title>
        <cusip>30231G102</cusip>
        <identifiers>
          <isin value="US30231G1022"/>
          <ticker value="XOM"/>
        </identifiers>
        <balance>26925.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3202190.25000000</valUSD>
        <pctVal>0.329747209396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Compass Inc</name>
        <lei>254900DMGQSTC3I2IM78</lei>
        <title>Compass Inc</title>
        <cusip>20464U100</cusip>
        <identifiers>
          <isin value="US20464U1007"/>
          <ticker value="COMP"/>
        </identifiers>
        <balance>34300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>299439.00000000</valUSD>
        <pctVal>0.030834887038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP CAPITAL XIII</name>
        <lei>N/A</lei>
        <title>Citigroup Capital XIII</title>
        <cusip>173080201</cusip>
        <identifiers>
          <isin value="US1730802014"/>
          <ticker value="C"/>
        </identifiers>
        <balance>3000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>89580.00000000</valUSD>
        <pctVal>0.009224547172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coles Group Ltd</name>
        <lei>549300OHQRG2HN8LZ793</lei>
        <title>Coles Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000030678"/>
          <ticker value="COL"/>
          <other otherDesc="SEDOL" value="BYWR0T5"/>
        </identifiers>
        <balance>20166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.60038409"/>
        <valUSD>246847.15000000</valUSD>
        <pctVal>0.025419213883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brinker International Inc</name>
        <lei>52990067JY6PBGJNTG76</lei>
        <title>Brinker International Inc</title>
        <cusip>109641100</cusip>
        <identifiers>
          <isin value="US1096411004"/>
          <ticker value="EAT"/>
        </identifiers>
        <balance>2200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>327910.00000000</valUSD>
        <pctVal>0.033766703097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-05-23</ncom:dateSigned>
      <ncom:nameOfApplicant>Prudential Investment Portfolios, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Christian J. Kelly</ncom:signature>
      <ncom:signerName>Christian J. Kelly</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
