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        <fairValLevel>2</fairValLevel>
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        <name>ARTHUR J GALLAGHER &amp; CO</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BP CAPITAL MARKETS PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF NY MELLON CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BERKSHIRE HATHAWAY ENERG</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BRITISH AIR 19-1 A PTT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CAESARS ENTERTAIN INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CARGILL INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
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        <name>CITIGROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIZENS FINANCIAL GROUP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COMCAST CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CON EDISON CO OF NY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COSTCO WHOLESALE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>EQT CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EPR PROPERTIES</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EDGEWELL PERSONAL CARE</name>
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        <title>Edgewell Personal Care Co</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ELANCO ANIMAL HEALTH INC</name>
        <lei>549300SHPNDCE059M934</lei>
        <title>Elanco Animal Health Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Fleet Financing LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ESSENT GROUP LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ESSENTIAL PROPER</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ESSEX PORTFOLIO LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNB CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3138WH3S9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae</name>
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        <name>Fannie Mae</name>
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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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        <fairValLevel>2</fairValLevel>
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        <name>FISERV INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FORTINET INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLP CAPITAL LP / FIN II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GXO LOGISTICS INC</name>
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        <title>GXO Logistics Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GOEASY LTD</name>
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        <title>goeasy Ltd</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HA SUSTAINABLE INF CAP</name>
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        <title>HA Sustainable Infrastructure Capital Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HERSHEY COMPANY</name>
        <lei>21X2CX66SU2BR6QTAD08</lei>
        <title>Hershey Co/The</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Hertz Vehicle Financing LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <title>Honeywell International Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HUNTINGTON BANCSHARES</name>
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        <fairValLevel>2</fairValLevel>
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        <title>Intuit Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>JETBLUE 2019-1 CLASS AA</name>
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        <title>JetBlue 2019-1 Class AA Pass Through Trust</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>OSCAR US Funding Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PRIMERICA INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Progress Residential Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PROLOGIS LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC SERVICE ELECTRIC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SCF Equipment Trust Llc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SMBC AVIATION CAPITAL FI</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CHARLES SCHWAB CORP</name>
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        <title>Charles Schwab Corp/The</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SOUTHERN CO</name>
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        <title>Southern Co/The</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TAKE-TWO INTERACTIVE SOF</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TORONTO-DOMINION BANK</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSDIGM INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ZOETIS INC</name>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>106099.00000000</valUSD>
        <pctVal>0.433548270053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</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>State Street Global Advisors</name>
        <lei>5493008BJIBKQ5KTIF74</lei>
        <title>State Street Navigator Securities Lending Government Money Market Portfolio</title>
        <cusip>857509301</cusip>
        <identifiers>
          <isin value="US8575093013"/>
        </identifiers>
        <balance>790517.50000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>790517.50000000</valUSD>
        <pctVal>3.230261308514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="790517.50000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Total returns reported in Item B.5(a) do not reflect the effect of sales loads or contingent deferred sales charges." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-11</ncom:dateSigned>
      <ncom:nameOfApplicant>CALAMOS INVESTMENT TRUST/IL</ncom:nameOfApplicant>
      <ncom:signature>Stephen Atkins</ncom:signature>
      <ncom:signerName>Stephen Atkins</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
