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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>E.ON International Finance B.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>HSBC Holdings PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GlaxoSmithKline Capital PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cadent Finance PLC</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>Heathrow Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Danone</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bouygues</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sweden Government Bond</name>
        <lei>ERE94C0BSULG2RM19605</lei>
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        <cusip>AM2163666</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Bilbao Vizcaya Argentaria S.A.</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Norway Government Bond</name>
        <lei>549300L0BT3FJTN9MX24</lei>
        <title>Norway Government Bond, Series 479</title>
        <cusip>AM5012761</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>British Telecommunications PLC</name>
        <lei>549300OWFMSO9NYV4H90</lei>
        <title>British Telecommunications PLC</title>
        <cusip>EG5684642</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Westfield America Management Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Mercedes-Benz Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>B.A.T. International Finance PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>E.ON International Finance B.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Telefonica Emisiones, S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TotalEnergies Capital International</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Housing &amp; Care 21</name>
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        <fairValLevel>2</fairValLevel>
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        <name>British Telecommunications PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ING Groep N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of Oxford</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Autoroutes du Sud de la France</name>
        <lei>213800U12KWYZEECZ934</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>E.ON International Finance B.V.</name>
        <lei>549300TG53AWJ719M814</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Wellcome Trust Ltd. (The)</name>
        <lei>549300YQJTZ9YPHW5V73</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Richemont International Holding S.A.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Clarion Funding PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Norway Government Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Telekom International Finance B.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Sweden Government Bond</name>
        <lei>ERE94C0BSULG2RM19605</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Bayer Capital Corp. B.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Equinor ASA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bell Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cie Generale des Etablissements Michelin</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange</name>
        <lei>969500MCOONR8990S771</lei>
        <title>Orange</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ING Groep N.V.</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep N.V.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Blend Funding PLC</name>
        <lei>213800Y8TMLUT9SN1E94</lei>
        <title>Blend Funding PLC</title>
        <cusip>AU4140540</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Vinci S.A.</name>
        <lei>213800WFQ334R8UXUG83</lei>
        <title>Vinci S.A.</title>
        <cusip>AU5732154</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen International Finance N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAP SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bahn AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vinci S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BMW Finance N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Autoroutes du Sud de la France</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Norway Government Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Medtronic Global Holdings S.C.A.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
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        <name>Telefonica Emisiones, S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cie de Saint-Gobain</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Telekom AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Abertis Infraestructuras S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TELUS Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TransCanada Pipelines Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Yorkshire Water Finance PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cooperatieve Rabobank U.A.</name>
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        <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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        <name>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Telenor ASA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel</title>
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        <name>Motability Operations Group PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Intesa Sanpaolo S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Logicor Financing S.a.r.l.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>E.ON International Finance B.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Siemens Financieringsmaatschappij N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Orange</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dassault Systemes</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wintershall Dea Finance BV (1)</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Engie</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Action Logement Services</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mercedes-Benz Group AG</name>
        <lei>529900R27DL06UVNT076</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Skandinaviska Enskilda Banken AB</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
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        <name>Shell International Finance B.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>EssilorLuxottica</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Eni S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Telefonica Emisiones, S.A.</name>
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        <title>Telefonica Emisiones, S.A.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>LVMH Moet Hennessy Louis Vuitton</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Svenska Handelsbanken AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Norway Government Bond</name>
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        <title>Norway Government Bond, Series 482</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Invesco Government &amp; Agency Portfolio</name>
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        <title>Invesco Government &amp; Agency Portfolio, Institutional Class</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Unilever Finance Netherlands B.V.</name>
        <lei>549300SWJ4YK4LLNT176</lei>
        <title>Unilever Finance Netherlands B.V.</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Sanofi</name>
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        <title>Sanofi</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Diageo Finance PLC</name>
        <lei>BPF79TJMIH3DK8XCKI50</lei>
        <title>Diageo Finance PLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Aeroports de Paris</name>
        <lei>969500PJMBSFHYC37989</lei>
        <title>Aeroports de Paris</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Rogers Communications Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>Rogers Communications Inc.</title>
        <cusip>775109BK6</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Sweden Government Bond</name>
        <lei>ERE94C0BSULG2RM19605</lei>
        <title>Sweden Government Bond</title>
        <cusip>BH0661356</cusip>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Airbus SE</name>
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        <title>Airbus SE</title>
        <cusip>BH4727377</cusip>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TotalEnergies Capital International</name>
        <lei>549300U37G2I8G4RUG09</lei>
        <title>TotalEnergies Capital International</title>
        <cusip>BH4959657</cusip>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pernod Ricard</name>
        <lei>52990097YFPX9J0H5D87</lei>
        <title>Pernod Ricard</title>
        <cusip>BH4959517</cusip>
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          <isin value="FR0013506532"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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      <invstOrSec>
        <name>TransCanada Pipelines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada Pipelines Ltd.</title>
        <cusip>89353ZCF3</cusip>
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          <isin value="CA89353ZCF32"/>
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        <balance>1750000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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      <invstOrSec>
        <name>BP Capital Markets PLC</name>
        <lei>549300CRVT18MXX0AG93</lei>
        <title>BP Capital Markets PLC</title>
        <cusip>BH5287462</cusip>
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          <isin value="XS2135801160"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.82200000</annualizedRt>
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      <invstOrSec>
        <name>Shell International Finance B.V.</name>
        <lei>213800ITMMKU4Z7I4F78</lei>
        <title>Shell International Finance B.V.</title>
        <cusip>BH5287496</cusip>
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          <isin value="XS2154419118"/>
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        <balance>300000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
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      <invstOrSec>
        <name>Capgemini SE</name>
        <lei>96950077L0TN7BAROX36</lei>
        <title>Capgemini SE</title>
        <cusip>BH6823513</cusip>
        <identifiers>
          <isin value="FR0013507878"/>
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        <balance>300000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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      <invstOrSec>
        <name>Capgemini SE</name>
        <lei>96950077L0TN7BAROX36</lei>
        <title>Capgemini SE</title>
        <cusip>BH6823505</cusip>
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          <isin value="FR0013507860"/>
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        <balance>300000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sanctuary Capital PLC</name>
        <lei>213800A6T7362M7XHO44</lei>
        <title>Sanctuary Capital PLC</title>
        <cusip>BH5530325</cusip>
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          <isin value="XS2154346642"/>
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        <balance>450000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GlaxoSmithKline Capital PLC</name>
        <lei>549300U0LV41VX7LEP38</lei>
        <title>GlaxoSmithKline Capital PLC</title>
        <cusip>BJ2580659</cusip>
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          <isin value="XS2170609072"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-12</maturityDt>
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          <annualizedRt>1.62500000</annualizedRt>
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        <name>Shell International Finance B.V.</name>
        <lei>213800ITMMKU4Z7I4F78</lei>
        <title>Shell International Finance B.V.</title>
        <cusip>BJ2961693</cusip>
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          <isin value="XS2170386853"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-11</maturityDt>
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          <annualizedRt>1.25000000</annualizedRt>
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      <invstOrSec>
        <name>Nestle Finance International Ltd.</name>
        <lei>0KLLMNHINTFDRMU6DI05</lei>
        <title>Nestle Finance International Ltd.</title>
        <cusip>BJ3268171</cusip>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TotalEnergies Capital International</name>
        <lei>549300U37G2I8G4RUG09</lei>
        <title>TotalEnergies Capital International</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Invesco Private Government Fund</name>
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        <title>Invesco Private Government Fund</title>
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        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Reckitt Benckiser Treasury Services PLC</name>
        <lei>213800LAXWIUOOBZ3908</lei>
        <title>Reckitt Benckiser Treasury Services PLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Eni S.p.A.</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni S.p.A.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bell Canada</name>
        <lei>5493000G3EFX9S7TDE29</lei>
        <title>Bell Canada</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Airbus SE</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Societe Generale</name>
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        <fairValLevel>2</fairValLevel>
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        <name>First Nations Finance Authority</name>
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        <issuerCat>NUSS</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stellantis N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bayer AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bayer AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole Assurances</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Invesco Private Prime Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Shell International Finance B.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Mercedes-Benz Group AG</name>
        <lei>529900R27DL06UVNT076</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen International Finance N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Unipol Assicurazioni S.p.A.</name>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Mizuho Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cellnex Telecom, S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Blend Funding PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Unibail-Rodamco-Westfield SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bahn AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Autostrade Per L'Italia S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NTT Finance Corp.</name>
        <lei>3538007PR116187GD960</lei>
        <title>NTT Finance Corp., Series 17</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NTT Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE S.A.</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Grand City Properties S.A.</name>
        <lei>5299002QLUYKK2WBMB18</lei>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>Bayer AG</title>
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          <isin value="XS2281343413"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-12</maturityDt>
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        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel</title>
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          <isin value="FR0014001I68"/>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.25000000</annualizedRt>
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        <name>UniCredit S.p.A.</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UniCredit S.p.A.</title>
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          <isin value="XS2289133758"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-19</maturityDt>
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          <annualizedRt>0.85000000</annualizedRt>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>BN4537054</cusip>
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          <isin value="CH0591979627"/>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-18</maturityDt>
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        <name>Autostrade Per L'Italia S.p.A.</name>
        <lei>815600149448CEB9B230</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>Cellnex Finance Co., S.A.</name>
        <lei>549300OUROMFTRFA7T23</lei>
        <title>Cellnex Finance Co., S.A.</title>
        <cusip>BN9906411</cusip>
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          <isin value="XS2300293003"/>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
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        <name>Norway Government Bond</name>
        <lei>549300L0BT3FJTN9MX24</lei>
        <title>Norway Government Bond, Series 483</title>
        <cusip>BN9945377</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-24</maturityDt>
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        <name>BPCE S.A.</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>easyJet FinCo B.V.</name>
        <lei>2138005GUMKABRAKJU30</lei>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>1.87500000</annualizedRt>
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        <name>NTT Finance Corp.</name>
        <lei>3538007PR116187GD960</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Mercedes-Benz Group AG</name>
        <lei>529900R27DL06UVNT076</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Enel Finance International N.V.</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
        <title>Enel Finance International N.V.</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Intesa Sanpaolo S.p.A.</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bell Canada</name>
        <lei>5493000G3EFX9S7TDE29</lei>
        <title>Bell Canada</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-17</maturityDt>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TRATON Finance Luxembourg S.A.</name>
        <lei>529900BRKIE6LKIEXD84</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>UBS AG</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bahn AG</name>
        <lei>52990063S23N13HU4E98</lei>
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        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole S.A.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Cenovus Energy Inc.</name>
        <lei>549300F4XPHJ7NOSP309</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CCEP Finance (Ireland) DAC</name>
        <lei>549300C3FJ5JIMZNEN16</lei>
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        <cusip>BP1765349</cusip>
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          <isin value="XS2337061753"/>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>B.A.T. International Finance PLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-24</maturityDt>
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        <name>Ontario Teachers' Finance Trust</name>
        <lei>635400ZZE5J8OXXBBY26</lei>
        <title>Ontario Teachers' Finance Trust</title>
        <cusip>BP4913474</cusip>
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          <isin value="XS2344384842"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-20</maturityDt>
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        <name>Cellnex Finance Co., S.A.</name>
        <lei>549300OUROMFTRFA7T23</lei>
        <title>Cellnex Finance Co., S.A.</title>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel</title>
        <cusip>BP7934204</cusip>
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          <isin value="FR0014003SA0"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-03</maturityDt>
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        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank N.V.</title>
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          <isin value="XS2348638433"/>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Enel Finance International N.V.</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
        <title>Enel Finance International N.V.</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Stellantis N.V.</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>Stellantis N.V.</title>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Stellantis N.V.</name>
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        <title>Stellantis N.V.</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bahn AG</name>
        <lei>52990063S23N13HU4E98</lei>
        <title>Deutsche Bahn AG</title>
        <cusip>BQ2152438</cusip>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Prosus N.V.</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus N.V.</title>
        <cusip>BQ4156072</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-13</maturityDt>
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        <name>Vonovia SE</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Svenska Handelsbanken AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Holcim Finance (Luxembourg) S.A.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ABN AMRO Bank N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enel Finance International N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Action Logement Services</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole Assurances</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nordea Bank Abp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bouygues</name>
        <lei>969500MOCLNQFNZN0D63</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>TenneT Netherlands B.V.</name>
        <lei>724500N24X9VLIRO3K10</lei>
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        <cusip>BS2674494</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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Financial Services N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Motability Operations Group PLC</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>Volkswagen Financial Services AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Norway Government Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Svenska Handelsbanken AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rogers Communications Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BASF SE</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Stellantis N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Nestle Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Action Logement Services</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Diageo Finance PLC</name>
        <lei>BPF79TJMIH3DK8XCKI50</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Ontario Teachers' Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Suez S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nordea Bank Abp</name>
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        <invCountry>FI</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bouygues</name>
        <lei>969500MOCLNQFNZN0D63</lei>
        <title>Bouygues</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bouygues</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RWE AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Australia Bank Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federation des caisses Desjardins du Quebec</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Telefonica Emisiones, S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Temasek Financial (I) Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Siemens Financieringsmaatschappij N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Lloyds Bank PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CaixaBank, S.A.</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
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        <invCountry>ES</invCountry>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TELUS Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orsted A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Amprion GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Medtronic Global Holdings S.C.A.</name>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-15</maturityDt>
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        <name>Medtronic Global Holdings S.C.A.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Medtronic Global Holdings S.C.A.</name>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Engie</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Bilbao Vizcaya Argentaria S.A.</name>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange</name>
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        <title>Orange</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Tennet Holding B.V.</name>
        <lei>724500N24X9VLIRO3K10</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Bouygues</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bouygues</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bell Canada</name>
        <lei>5493000G3EFX9S7TDE29</lei>
        <title>Bell Canada</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale</title>
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        <invCountry>FR</invCountry>
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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>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</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>E.ON SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Engie</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-18</maturityDt>
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        <name>Banco Santander S.A.</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander S.A.</title>
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          <isin value="XS2579493037"/>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-25</maturityDt>
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        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel</title>
        <cusip>ZM4992768</cusip>
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          <isin value="FR001400FBN9"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-26</maturityDt>
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          <annualizedRt>3.87500000</annualizedRt>
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        <name>Bell Canada</name>
        <lei>5493000G3EFX9S7TDE29</lei>
        <title>Bell Canada</title>
        <cusip>07813ZCL6</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-09</maturityDt>
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          <annualizedRt>4.55000000</annualizedRt>
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        <name>Norway Government Bond</name>
        <lei>549300L0BT3FJTN9MX24</lei>
        <title>Norway Government Bond, Series 486</title>
        <cusip>ZM8878765</cusip>
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        <issuerCat>NUSS</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Imperial Brands Finance Netherlands B.V.</name>
        <lei>724500GIEFJOBWGD0272</lei>
        <title>Imperial Brands Finance Netherlands B.V.</title>
        <cusip>ZM9204557</cusip>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Action Logement Services</name>
        <lei>969500O2QYH3YW92C551</lei>
        <title>Action Logement Services</title>
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          <isin value="FR001400FTI1"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Siemens Financieringsmaatschappij N.V.</name>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole S.A.</title>
        <cusip>ZL3431984</cusip>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Stellantis N.V.</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>Stellantis N.V.</title>
        <cusip>ZL4426397</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-14</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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        <name>TransCanada Pipelines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada Pipelines Ltd.</title>
        <cusip>89353ZCN6</cusip>
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          <isin value="CA89353ZCN65"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Engie</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rogers Communications Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
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          <isin value="FR001400HCR4"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-20</maturityDt>
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          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
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          <isin value="XS2613658710"/>
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        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
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          <isin value="CA780086XL38"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.63200000</annualizedRt>
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      <invstOrSec>
        <name>Sydney Airport Finance Co. Pty Ltd.</name>
        <lei>549300MJAANHLHOVTO40</lei>
        <title>Sydney Airport Finance Co. Pty Ltd.</title>
        <cusip>ZK1417490</cusip>
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          <isin value="XS2613209670"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel</title>
        <cusip>ZK3067814</cusip>
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          <isin value="FR001400HMF8"/>
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        <balance>300000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>La Banque Postale</name>
        <lei>96950066U5XAAIRCPA78</lei>
        <title>La Banque Postale</title>
        <cusip>ZK3694633</cusip>
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          <isin value="FR001400HOZ2"/>
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        <balance>200000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rothesay Life PLC</name>
        <lei>MFQO711J5UPYBWXSPG12</lei>
        <title>Rothesay Life PLC</title>
        <cusip>ZK5588411</cusip>
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          <isin value="XS2621758635"/>
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        <balance>400000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.73400000</annualizedRt>
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      <invstOrSec>
        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel</title>
        <cusip>ZK6226185</cusip>
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          <isin value="FR001400I293"/>
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        <balance>500000.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.72872950"/>
        <valUSD>701762.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Eni S.p.A.</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni S.p.A.</title>
        <cusip>ZK6524399</cusip>
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          <isin value="XS2623956773"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.84058300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>Intesa Sanpaolo S.p.A.</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo S.p.A.</title>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>BNP Paribas</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas</title>
        <cusip>ZK6802860</cusip>
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          <isin value="FR001400I4X9"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-24</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>Mercedes-Benz International Finance B.V.</name>
        <lei>529900RUGCXMPEENHQ31</lei>
        <title>Mercedes-Benz International Finance B.V.</title>
        <cusip>ZK7505652</cusip>
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          <isin value="DE000A3LH6U5"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-30</maturityDt>
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          <annualizedRt>3.70000000</annualizedRt>
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        <name>Intesa Sanpaolo S.p.A.</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo S.p.A.</title>
        <cusip>ZK7619123</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>Bayer AG</title>
        <cusip>ZK7501719</cusip>
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          <isin value="XS2630111719"/>
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        <balance>400000.00000000</balance>
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        <valUSD>511487.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Robert Bosch Gesellschaft mit beschraenkter Haftung</name>
        <lei>529900F0LT5OP4SV6122</lei>
        <title>Robert Bosch Gesellschaft mit beschraenkter Haftung</title>
        <cusip>ZK7508219</cusip>
        <identifiers>
          <isin value="XS2629470845"/>
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        <balance>300000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Bouygues</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Anglian Water Services Financing PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stellantis N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>National Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Intesa Sanpaolo S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CaixaBank, S.A.</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Kering</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kering</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LVMH Moet Hennessy Louis Vuitton</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Belfius Bank S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Boerse AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of New Zealand</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ayvens</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Original Wempi Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Action Logement Services</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Suez S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Swedbank AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Federation des caisses Desjardins du Quebec</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Cie de Saint-Gobain</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>National Grid Electricity Distribution (West Midlands) PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Places For People Treasury PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Heathrow Funding Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>National Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Leasing Gesellschaft mit beschraenkter Haftung</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Bilbao Vizcaya Argentaria S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Eni S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Scottish Hydro Electric Transmission PLC</name>
        <lei>549300ECJZDA7203MK64</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ABN AMRO Bank N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santander Consumer Finance, S.A.</name>
        <lei>5493000LM0MZ4JPMGM90</lei>
        <title>Santander Consumer Finance, S.A.</title>
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        <invCountry>ES</invCountry>
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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>Telefonica Emisiones, S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Cooperatieve Rabobank U.A.</name>
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        <name>Italgas S.p.A.</name>
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        <name>Norway Government Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Siemens Financieringsmaatschappij N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Anglian Water Services Financing PLC</name>
        <lei>213800DL377MH46PDY63</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Kering</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nordea Bank Abp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Bilbao Vizcaya Argentaria S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Post AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Australia Bank Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cie de Saint-Gobain</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Cie de Saint-Gobain</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CDP Financial Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Nova Scotia (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Intesa Sanpaolo S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lonza Finance International N.V.</name>
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        <invCountry>BE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BG Energy Capital PLC</name>
        <lei>S2M8QDKEE05NZN8JD460</lei>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Mercedes-Benz International Finance B.V.</name>
        <lei>529900RUGCXMPEENHQ31</lei>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Places For People Treasury PLC</name>
        <lei>213800B9U45TFBXW5K67</lei>
        <title>Places For People Treasury PLC</title>
        <cusip>ZK5140189</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Novo Nordisk Finance (Netherlands) B.V.</name>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Novo Nordisk Finance (Netherlands) B.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Novo Nordisk Finance (Netherlands) B.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Swisscom Finance B.V.</name>
        <lei>549300L41E8X8K71RV25</lei>
        <title>Swisscom Finance B.V.</title>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bell Canada</name>
        <lei>5493000G3EFX9S7TDE29</lei>
        <title>Bell Canada</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-24</maturityDt>
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        <name>Swisscom Finance B.V.</name>
        <lei>549300L41E8X8K71RV25</lei>
        <title>Swisscom Finance B.V.</title>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Norway Government Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nordea Bank Abp</name>
        <lei>529900ODI3047E2LIV03</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Rothesay Life PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UniCredit S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.20000000</annualizedRt>
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        <name>Motability Operations Group PLC</name>
        <lei>AZ3NL8JCZDCNUXFWI720</lei>
        <title>Motability Operations Group PLC</title>
        <cusip>YX5601670</cusip>
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          <isin value="XS2838538374"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-17</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>Motability Operations Group PLC</name>
        <lei>AZ3NL8JCZDCNUXFWI720</lei>
        <title>Motability Operations Group PLC</title>
        <cusip>YX5601696</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-17</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Motability Operations Group PLC</name>
        <lei>AZ3NL8JCZDCNUXFWI720</lei>
        <title>Motability Operations Group PLC</title>
        <cusip>YX5601647</cusip>
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          <isin value="XS2838537566"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-17</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Coastal Gaslink Pipeline L.P.</name>
        <lei>549300P0NSGTO3Z5VQ83</lei>
        <title>Coastal Gaslink Pipeline L.P., Series J</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Coastal Gaslink Pipeline L.P.</name>
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        <title>Coastal Gaslink Pipeline L.P., Series K</title>
        <cusip>19046FAW2</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>Toyota Motor Credit Corp.</title>
        <cusip>YW2551581</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-17</maturityDt>
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        <name>Hydro One Inc.</name>
        <lei>549300X54QEYZVDC8R04</lei>
        <title>Hydro One Inc.</title>
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          <isin value="CA44810ZCS70"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>National Australia Bank Ltd.</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>East Japan Railway Co.</name>
        <lei>353800SENYJ2DSM6PS44</lei>
        <title>East Japan Railway Co.</title>
        <cusip>YV4539685</cusip>
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          <isin value="XS2891101433"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Diageo Finance PLC</name>
        <lei>BPF79TJMIH3DK8XCKI50</lei>
        <title>Diageo Finance PLC</title>
        <cusip>YV4271578</cusip>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>EssilorLuxottica</name>
        <lei>549300M3VH1A3ER1TB49</lei>
        <title>EssilorLuxottica</title>
        <cusip>YV4787730</cusip>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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        <name>Anglian Water Services Financing PLC</name>
        <lei>213800DL377MH46PDY63</lei>
        <title>Anglian Water Services Financing PLC</title>
        <cusip>YV5650028</cusip>
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          <isin value="XS2898771774"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
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      <invstOrSec>
        <name>Orsted A/S</name>
        <lei>W9NG6WMZIYEU8VEDOG48</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Yorkshire Water Finance PLC</name>
        <lei>213800O8BDOGHJMTCP32</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Severn Trent Utilities Finance PLC</name>
        <lei>213800KY9PT6WBH33232</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>E.ON International Finance B.V.</name>
        <lei>549300TG53AWJ719M814</lei>
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          <isin value="XS0735770637"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westpac New Zealand Ltd.</name>
        <lei>549300MW73M5PK1PNG73</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-24</maturityDt>
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        <name>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
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          <isin value="FR001400SVC3"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Federation des caisses Desjardins du Quebec</name>
        <lei>549300B2Q47IR0CR5B54</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-24</maturityDt>
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          <annualizedRt>3.80400000</annualizedRt>
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        <name>Banco Santander S.A.</name>
        <lei>5493006QMFDDMYWIAM13</lei>
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          <isin value="XS2908735686"/>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-02</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>T.H.F.C. (Funding No.3) PLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-11</maturityDt>
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        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel</title>
        <cusip>YU3714323</cusip>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Eurogrid GmbH</name>
        <lei>967600Q53854Z2NBCC81</lei>
        <title>Eurogrid GmbH</title>
        <cusip>YU3720031</cusip>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-18</maturityDt>
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          <annualizedRt>3.73200000</annualizedRt>
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        <name>Engie</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie</title>
        <cusip>YU6515354</cusip>
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          <isin value="FR001400TMR8"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-28</maturityDt>
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        <name>Iberdrola Finanzas, S.A.U.</name>
        <lei>5493004PZNZWWBOUV388</lei>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DSV Finance B.V.</name>
        <lei>529900RTQQ0IIS4B3E03</lei>
        <title>DSV Finance B.V.</title>
        <cusip>YU7464842</cusip>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DSV Finance B.V.</name>
        <lei>529900RTQQ0IIS4B3E03</lei>
        <title>DSV Finance B.V.</title>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-06</maturityDt>
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        <name>Volkswagen Financial Services AG</name>
        <lei>529900SSGT49ZZSWYE62</lei>
        <title>Volkswagen Financial Services AG</title>
        <cusip>YT1865047</cusip>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-19</maturityDt>
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        <name>NatWest Markets PLC</name>
        <lei>RR3QWICWWIPCS8A4S074</lei>
        <title>NatWest Markets PLC</title>
        <cusip>YT1485465</cusip>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Volkswagen Financial Services AG</name>
        <lei>529900SSGT49ZZSWYE62</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>EnBW International Finance B.V.</name>
        <lei>724500CNCIO1ZTJ0X675</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Snam S.p.A.</name>
        <lei>8156002278562044AF79</lei>
        <title>Snam S.p.A.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-26</maturityDt>
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      <invstOrSec>
        <name>NatWest Markets PLC</name>
        <lei>RR3QWICWWIPCS8A4S074</lei>
        <title>NatWest Markets PLC</title>
        <cusip>YS4457877</cusip>
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          <isin value="XS2975316899"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank N.V.</title>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Telefonica Emisiones, S.A.</name>
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        <title>Telefonica Emisiones, S.A.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-23</maturityDt>
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        <name>BMW International Investment B.V.</name>
        <lei>724500J951RJJFEW5X49</lei>
        <title>BMW International Investment B.V.</title>
        <cusip>YS6718268</cusip>
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          <isin value="XS2982332400"/>
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        <balance>250000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-22</maturityDt>
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          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>Deutsche Telekom AG</title>
        <cusip>YS7908512</cusip>
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          <isin value="XS2985250898"/>
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        <balance>250000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-03</maturityDt>
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          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>OMERS Finance Trust</name>
        <lei>529900M039WCPES03P17</lei>
        <title>OMERS Finance Trust</title>
        <cusip>YS8014450</cusip>
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          <isin value="XS2989340869"/>
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        <balance>250000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <name>Norway Government Bond</name>
        <lei>549300L0BT3FJTN9MX24</lei>
        <title>Norway Government Bond, Series 489</title>
        <cusip>YR2442626</cusip>
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          <isin value="NO0013475558"/>
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        <balance>3100000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-12</maturityDt>
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        <name>Imperial Brands Finance PLC</name>
        <lei>2138008L3B3MCG1DFS50</lei>
        <title>Imperial Brands Finance PLC</title>
        <cusip>YR2846032</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-12</maturityDt>
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          <annualizedRt>3.87500000</annualizedRt>
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        <name>CDP Financial Inc.</name>
        <lei>549300OXMGVYFCBFV096</lei>
        <title>CDP Financial Inc.</title>
        <cusip>YR2881906</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander S.A.</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander S.A.</title>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-17</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Carlsberg Breweries A/S</name>
        <lei>5493008YL42784DMWN61</lei>
        <title>Carlsberg Breweries A/S</title>
        <cusip>YR5520204</cusip>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-02-28</maturityDt>
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        <name>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole S.A.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlsberg Breweries A/S</name>
        <lei>5493008YL42784DMWN61</lei>
        <title>Carlsberg Breweries A/S</title>
        <cusip>YR5520154</cusip>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-28</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>TransCanada Pipelines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada Pipelines Ltd.</title>
        <cusip>89353ZCQ9</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlsberg Breweries A/S</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlsberg Breweries A/S</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sweden Government Bond</name>
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        <issuerCat>NUSS</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Optivo Finance PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nationwide Building Society</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TotalEnergies Capital International</name>
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        <title>TotalEnergies Capital International</title>
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          <isin value="XS3015113882"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-03-03</maturityDt>
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          <annualizedRt>3.85200000</annualizedRt>
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        <name>TotalEnergies Capital International</name>
        <lei>549300U37G2I8G4RUG09</lei>
        <title>TotalEnergies Capital International</title>
        <cusip>YR7939691</cusip>
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          <isin value="XS3015115408"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-03</maturityDt>
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          <annualizedRt>3.16000000</annualizedRt>
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        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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        <name>Landesbank Hessen-Thueringen Girozentrale</name>
        <lei>DIZES5CFO5K3I5R58746</lei>
        <title>Landesbank Hessen-Thueringen Girozentrale</title>
        <cusip>YR8789756</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Var Energi ASA</name>
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        <title>Var Energi ASA</title>
        <cusip>YQ0595062</cusip>
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          <isin value="XS3019303133"/>
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        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <name>Skandinaviska Enskilda Banken AB</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
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        <cusip>YQ3533953</cusip>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.37500000</annualizedRt>
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        <name>Santander UK PLC</name>
        <lei>PTCQB104N23FMNK2RZ28</lei>
        <title>Santander UK PLC</title>
        <cusip>YQ5180613</cusip>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-25</maturityDt>
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          <annualizedRt>3.34600000</annualizedRt>
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        <name>Siemens Financieringsmaatschappij N.V.</name>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.75000000</annualizedRt>
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        <name>Centrica PLC</name>
        <lei>E26EDV109X6EEPBKVH76</lei>
        <title>Centrica PLC</title>
        <cusip>EJ3439845</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-12</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel</title>
        <cusip>YP9807445</cusip>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Nordea Bank Abp</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>Nordea Bank Abp</title>
        <cusip>YP9328863</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-02</maturityDt>
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          <annualizedRt>2.75000000</annualizedRt>
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        <name>LVMH Moet Hennessy Louis Vuitton</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH Moet Hennessy Louis Vuitton</title>
        <cusip>N/A</cusip>
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        <balance>300000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>BMW Finance N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BHP Billiton Finance Ltd.</name>
        <lei>549300KZMIS43NMT0A66</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Novo Nordisk Finance (Netherlands) B.V.</name>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Siemens Financieringsmaatschappij N.V.</name>
        <lei>TAFO772JB70PDRN5VS48</lei>
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          <isin value="XS3078501338"/>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Siemens Financieringsmaatschappij N.V.</name>
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          <isin value="XS3078501684"/>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Robert Bosch Finance LLC</name>
        <lei>549300VQST07EL5DYC58</lei>
        <title>Robert Bosch Finance LLC</title>
        <cusip>N/A</cusip>
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          <isin value="DE000A4EBMA5"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Novo Nordisk Finance (Netherlands) B.V.</name>
        <lei>549300X0PCJ6M2JZQW91</lei>
        <title>Novo Nordisk Finance (Netherlands) B.V.</title>
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          <isin value="XS3002553298"/>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-27</maturityDt>
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          <annualizedRt>2.87500000</annualizedRt>
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        <name>Banco Santander S.A.</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander S.A.</title>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-27</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole S.A.</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank N.V.</title>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Ontario Teachers' Finance Trust</name>
        <lei>635400ZZE5J8OXXBBY26</lei>
        <title>Ontario Teachers' Finance Trust</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3086867523"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>EssilorLuxottica</name>
        <lei>549300M3VH1A3ER1TB49</lei>
        <title>EssilorLuxottica</title>
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          <isin value="FR0014010BK0"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>UniCredit S.p.A.</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UniCredit S.p.A.</title>
        <cusip>YN0894223</cusip>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-10</maturityDt>
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        <name>CDP Financial Inc.</name>
        <lei>549300OXMGVYFCBFV096</lei>
        <title>CDP Financial Inc.</title>
        <cusip>YN1170086</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-13</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CaixaBank, S.A.</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
        <title>CaixaBank, S.A.</title>
        <cusip>YN5385904</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Snam S.p.A.</name>
        <lei>8156002278562044AF79</lei>
        <title>Snam S.p.A.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TotalEnergies Capital International</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Bilbao Vizcaya Argentaria S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NTT Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NTT Finance Corp.</name>
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        <title>NTT Finance Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NTT Finance Corp.</name>
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        <title>NTT Finance Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Nationwide Building Society</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Bilbao Vizcaya Argentaria S.A.</name>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Schneider Electric SE</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Orange</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ASB Bank Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Markets PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Scentre Group Trust 1</name>
        <lei>549300SQ859FBKRKSI77</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>LSEG Finance PLC</name>
        <lei>2138009YFYTGEHZNNZ09</lei>
        <title>LSEG Finance PLC</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Capgemini SE</name>
        <lei>96950077L0TN7BAROX36</lei>
        <title>Capgemini SE</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-25</maturityDt>
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          <annualizedRt>3.12500000</annualizedRt>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
        <cusip>YK1757920</cusip>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Cooperatieve Rabobank U.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Westpac Banking 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>Westpac New Zealand Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hydro One Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Standard Chartered PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>High Speed Rail Finance (1) PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Allianz Finance II B.V.</name>
        <lei>529900C9NVPTCPDI1D65</lei>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Scottish Widows Ltd.</name>
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        <title>Scottish Widows Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Heathrow Funding Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Eni S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Imperial Brands Finance PLC</name>
        <lei>2138008L3B3MCG1DFS50</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-07</maturityDt>
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        <name>BPCE S.A.</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Cooperatieve Rabobank U.A.</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>Cooperatieve Rabobank U.A.</title>
        <cusip>EK2758630</cusip>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>Standard Chartered PLC</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TotalEnergies Capital Canada Ltd.</name>
        <lei>5299005IX98ZZ9LSGK46</lei>
        <title>TotalEnergies Capital Canada Ltd.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Wellcome Trust Finance PLC</name>
        <lei>549300U3Y9NRYP7NOM09</lei>
        <title>Wellcome Trust Finance PLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>Volkswagen International Finance N.V.</name>
        <lei>5299004PWNHKYTR23649</lei>
        <title>Volkswagen International Finance N.V.</title>
        <cusip>EK6887302</cusip>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Equinor ASA</name>
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        <title>Equinor ASA</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>APA Infrastructure Ltd.</name>
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        <title>APA Infrastructure Ltd.</title>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>GlaxoSmithKline Capital PLC</name>
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        <title>GlaxoSmithKline Capital PLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sweden Government Bond</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
