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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 786093</title>
        <cusip>3622ABUS9</cusip>
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          <isin value="US3622ABUS92"/>
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        <curCd>USD</curCd>
        <valUSD>587456.77000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-04-20</maturityDt>
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      <invstOrSec>
        <name>Wynn Macau Ltd</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
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        <cusip>98313RAH9</cusip>
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          <isin value="US98313RAH93"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24556.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN BM7915</title>
        <cusip>3140JCYM0</cusip>
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          <isin value="US3140JCYM06"/>
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        <balance>373778.60180000</balance>
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        <curCd>USD</curCd>
        <valUSD>374956.08000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-01-01</maturityDt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY</title>
        <cusip>61748UAT9</cusip>
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          <isin value="US61748UAT97"/>
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        <balance>1010000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-30</maturityDt>
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      <invstOrSec>
        <name>Broadcom Inc</name>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>New Issuer: BB Company ID:47246942</name>
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        <title>ELLUCIAN HOLDING</title>
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          <isin value="US289178AA37"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA8347</title>
        <cusip>36179XHY5</cusip>
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          <isin value="US36179XHY58"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Balboa Bay Loan Funding 2023-2 Ltd</name>
        <lei>549300AVUGQW27DUWV37</lei>
        <title>BOBA 2023-2A BR</title>
        <cusip>05766JAQ4</cusip>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-20</maturityDt>
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      <invstOrSec>
        <name>Global Atlantic Fin Co</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.95000000</annualizedRt>
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      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-04-03</maturityDt>
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        <name>NRG Energy Inc</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
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        <title>FR SB0635</title>
        <cusip>3132CWV43</cusip>
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          <isin value="US3132CWV439"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA9849</title>
        <cusip>36179Y5J9</cusip>
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          <isin value="US36179Y5J96"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae or Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carmax Auto Owner Trust 2025-4</name>
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        <title>CARMX 2025-4 D</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Octagon 57 Ltd</name>
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        <title>OCT57 2021-1A AR</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 DE3686</title>
        <cusip>3618J9CX2</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Hudson Pacific Properties LP</name>
        <lei>5493007NTUGLGZ8T3526</lei>
        <title>HUDSON PACIFIC</title>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>IQVIA Inc</name>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eaton Capital ULC</name>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Antero Midstream Partners LP / Antero Midstream Finance Corp</name>
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          <isin value="US03690AAM80"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>European Union</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-06</maturityDt>
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          <annualizedRt>0.70000000</annualizedRt>
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        <name>Asurion LLC</name>
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          <isin value="US04649VBE92"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Salesforce Inc</name>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CC0102</title>
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          <isin value="US3140Y6DG25"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FA1715</title>
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          <isin value="US3140W13Z45"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Corp Nacional del Cobre de Chile</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AMSR 2024-SFR2 Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
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        <title>FN FS7939</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Santander Drive Auto Receivables Trust 2025-4</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Discovery Global Holdings Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bausch + Lomb Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Connecticut Avenue Securities Series 2025-R01</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CSC Holdings LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>UnitedHealth Group Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</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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        <fairValLevel>2</fairValLevel>
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        <name>SFS Auto Receivables Securitization Trust 2024-2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae or Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital Street Master Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verizon Master Trust</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>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clarios Global LP / Clarios US Finance Co</name>
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        <name>Morgan Stanley</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AutoNation Finance Trust 2025-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nutrien Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Acushnet Co</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Occidental Petroleum Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Corebridge Financial Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Verizon Master Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>MSWF Commercial Mortgage Trust 2023-2</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <title>FN FS2366</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Clarios Global LP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Kinetik Holdings LP</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GE HealthCare Technologies Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Broadcom Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Retained Vantage Data Centers Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Issuer: BB Company ID:72031316</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Nexstar Media Inc</name>
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        <title>NEXSTAR MDIA INC</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westlake Automobile Receivables Trust 2026-1</name>
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        <title>WLAKE 2026-1A D</title>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>178186.37000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of South Africa Government Bond</name>
        <lei>N/A</lei>
        <title>REP SOUTH AFRICA</title>
        <cusip>EF5565850</cusip>
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          <isin value="ZAG000030404"/>
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        <balance>25655000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Santander Bank Auto Credit-Linked Notes Series 2024-B</name>
        <lei>N/A</lei>
        <title>SBCLN 2024-B D</title>
        <cusip>80280BAD0</cusip>
        <identifiers>
          <isin value="US80280BAD01"/>
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        <balance>196126.22000000</balance>
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        <curCd>USD</curCd>
        <valUSD>197516.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.48300000</annualizedRt>
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      <invstOrSec>
        <name>Chase Auto Owner Trust 2024-5</name>
        <lei>N/A</lei>
        <title>CHAOT 2024-5A C</title>
        <cusip>16144QAF2</cusip>
        <identifiers>
          <isin value="US16144QAF28"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49904.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac Non Gold Pool</name>
        <lei>N/A</lei>
        <title>FH 8C6060</title>
        <cusip>3142BGWV7</cusip>
        <identifiers>
          <isin value="US3142BGWV74"/>
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        <balance>403387.18000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400441.53000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.56100000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The Huntington National Bank</name>
        <lei>N/A</lei>
        <title>HACLN 2025-1 B</title>
        <cusip>446438SX2</cusip>
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          <isin value="US446438SX24"/>
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        <balance>162678.49000000</balance>
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        <curCd>USD</curCd>
        <valUSD>163245.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95700000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Corebridge Financial Inc</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>COREBRIDGE FIN</title>
        <cusip>21871XAM1</cusip>
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          <isin value="US21871XAM11"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>232906.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DB Master Finance LLC</name>
        <lei>549300F17UZJL70BPB08</lei>
        <title>DNKN 2019-1A A23</title>
        <cusip>233046AL5</cusip>
        <identifiers>
          <isin value="US233046AL57"/>
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        <balance>46750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46204.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>ALPHABET INC</title>
        <cusip>02079KBL0</cusip>
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          <isin value="US02079KBL08"/>
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        <balance>641000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>632789.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SD0772</title>
        <cusip>3132DM2D6</cusip>
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          <isin value="US3132DM2D63"/>
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        <balance>220556.96420000</balance>
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        <curCd>USD</curCd>
        <valUSD>189008.52000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CB9139</title>
        <cusip>3140QVEM2</cusip>
        <identifiers>
          <isin value="US3140QVEM24"/>
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        <balance>887166.89500000</balance>
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        <curCd>USD</curCd>
        <valUSD>903318.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Highwoods Realty LP</name>
        <lei>JUJNVZX73BIYHLR58F51</lei>
        <title>HIGHWOODS REALTY</title>
        <cusip>431282AT9</cusip>
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          <isin value="US431282AT94"/>
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        <balance>298000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS HEALTH CORP</title>
        <cusip>126650EE6</cusip>
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          <isin value="US126650EE63"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>319076.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Issuer: BB Company ID:72031316</name>
        <lei>N/A</lei>
        <title>GCAT 2024-INV4 A6</title>
        <cusip>367919AF4</cusip>
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          <isin value="US367919AF48"/>
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        <balance>329022.45000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-25</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SB8187</title>
        <cusip>3132D6CY4</cusip>
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          <isin value="US3132D6CY41"/>
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        <balance>477277.97180000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Big River Steel LLC / BRS Finance Corp</name>
        <lei>N/A</lei>
        <title>BIG RVR STL/FIN</title>
        <cusip>08949LAB6</cusip>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>409076.76000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Sealed Air Corp/Sealed Air Corp US</name>
        <lei>N/A</lei>
        <title>SEALED AIR/US</title>
        <cusip>812127AA6</cusip>
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          <isin value="US812127AA61"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111684.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>FNR 2016-43 GZ</title>
        <cusip>3136ASXH4</cusip>
        <identifiers>
          <isin value="US3136ASXH43"/>
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        <balance>267856.76200000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hewlett Packard Enterprise Co</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust 2025-5</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae or Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Live Nation Entertainment Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Charter Communications Operating LLC / Charter Communications Operating Capital</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Matador Resources Co</name>
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        <title>MATADOR RESOURC</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Tesla Electric Vehicle Trust 2023-1</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ford Credit Auto Owner Trust 2025-REV2</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Rockies Express Pipeline LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Merck &amp; Co Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>American Honda Finance Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <title>FN FS2462</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Asurion LLC/ Asurion Co-Issuer Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Sharjah Sukuk Program Ltd</name>
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        <title>SHARJAH SUKUK</title>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Drive Auto Receivables Trust 2024-1</name>
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        <name>Ally Bank Auto Credit-Linked Notes Series 2025-B</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
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        <cusip>36179TG58</cusip>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>FNR 2012-111 AZ</title>
        <cusip>3136A9DD7</cusip>
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          <isin value="US3136A9DD72"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA7704</title>
        <cusip>36179WRZ3</cusip>
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          <isin value="US36179WRZ31"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae or Freddie Mac</name>
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        <title>FNCL 6.5 4/26</title>
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          <isin value="US01F0626485"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA9015</title>
        <cusip>36179YAQ7</cusip>
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          <isin value="US36179YAQ70"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICS</name>
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        <title>FNR 2013-81 YK</title>
        <cusip>3136AFN75</cusip>
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          <isin value="US3136AFN758"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Enbridge Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Exeter Select Automobile Receivables Trust 2025-2</name>
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        <title>ESART 2025-2 B</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DLLST 2024-1 LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cyprus Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Saudi Arabian Oil Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Builders FirstSource Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Ukraine Government International Bond</name>
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        <curCd>USD</curCd>
        <valUSD>29486.25000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CC0265</title>
        <cusip>3140Y6JK7</cusip>
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          <isin value="US3140Y6JK72"/>
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        <curCd>USD</curCd>
        <valUSD>469026.62000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA9170</title>
        <cusip>36179YFK5</cusip>
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          <isin value="US36179YFK55"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp</name>
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          <isin value="US87470LAM37"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100410.18000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
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      <invstOrSec>
        <name>CRH America Finance Inc</name>
        <lei>549300WEVUODRJ4CWK56</lei>
        <title>CRH AMERICA FIN</title>
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          <isin value="US12636YAH53"/>
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        <balance>1381000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1362499.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER</title>
        <cusip>29273RBF5</cusip>
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          <isin value="US29273RBF55"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chase Auto Owner Trust 2024-1</name>
        <lei>N/A</lei>
        <title>CHAOT 2024-1A C</title>
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          <isin value="US16144BAF58"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10147.81000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-25</maturityDt>
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          <annualizedRt>5.36000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Manufacturers &amp; Traders Trust Co</name>
        <lei>WWB2V0FCW3A0EE3ZJN75</lei>
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          <isin value="US564760CC82"/>
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        <balance>492000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-06</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC</title>
        <cusip>00206RLJ9</cusip>
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          <isin value="US00206RLJ94"/>
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        <balance>224000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Energuate Trust 2 0</name>
        <lei>2549000ZL9MU01FZK194</lei>
        <title>ENERGUATE TR 2 0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USG3040LAB83"/>
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        <balance>730000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA6709</title>
        <cusip>36179VN22</cusip>
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          <isin value="US36179VN223"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac Non Gold Pool</name>
        <lei>N/A</lei>
        <title>FH 8B0503</title>
        <cusip>3142AWRY3</cusip>
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          <isin value="US3142AWRY38"/>
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        <balance>184882.15000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.95900000</annualizedRt>
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      <invstOrSec>
        <name>SFS Auto Receivables Securitiz</name>
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        <title>SFAST 2025-1A C</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-20</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Belron UK Finance PLC</name>
        <lei>9845006BC9D1A77B8178</lei>
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        <cusip>080782AA3</cusip>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Boeing Co/The</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flagstar Mortgage Trust 2021-11INV</name>
        <lei>N/A</lei>
        <title>FSMT 2021-11IN A4</title>
        <cusip>33851TAD9</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SA Global Sukuk Ltd</name>
        <lei>5493007DFAVKU7UOGR47</lei>
        <title>SA GLOBAL SUKU</title>
        <cusip>N/A</cusip>
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          <isin value="XS2352861814"/>
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        <balance>5980000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Saudi Government International Bond</name>
        <lei>N/A</lei>
        <title>SAUDI INT BOND</title>
        <cusip>80413TBS7</cusip>
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          <isin value="US80413TBS78"/>
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        <balance>2685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2553552.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <name>Ginnie Mae II Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SCCU Auto Receivables Trust 2023-1</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cencora Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SFS Auto Receivables Securitization Trust 2025-2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Corebridge Financial Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flagstar Mortgage Trust 2021-7</name>
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        <title>FSMT 2021-7 A17</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Service Corp International/US</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Stacr Remic Trust 2025-Dna3</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Exeter Automobile Receivables Trust 2026-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GGAM Finance Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BBCMS Mortgage Trust 2025-C32</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citizens Auto Receivables Trust 2024-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>QTS Issuer ABS II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PenFed Auto Receivables Owner Trust 2025-A</name>
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        <name>Ginnie Mae II Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Targa Resources Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Santander Drive Auto Receivables Trust 2023-6</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Securitized Term Auto Receivables Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICS</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Nissan Auto Receivables 2024-B Owner Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BMO 2024-C10 Mortgage Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>FNR 2021-77 HA</title>
        <cusip>3136BJTP0</cusip>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <cusip>36179XLH7</cusip>
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          <isin value="US36179XLH79"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SS&amp;C Technologies Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CNX Resources Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Danske Bank A/S</name>
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        <invCountry>DK</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TransDigm Inc</name>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Chart Industries Inc</name>
        <lei>EM7QGKC1GYOF3LSZSL80</lei>
        <title>CHART INDUSTRIES</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>9.50000000</annualizedRt>
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        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>GLENCORE FDG LLC</title>
        <cusip>378272CD8</cusip>
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        <balance>580000.00000000</balance>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.20000000</annualizedRt>
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        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO CO</title>
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        <balance>490000.00000000</balance>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>COPT Defense Properties LP</name>
        <lei>H0TWO5VRNEP6CQAWPX27</lei>
        <title>COPT DEFENSE LP</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer</name>
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        <title>ALLIANT HOLDINGS</title>
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        <balance>25000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.50000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stellantis Financial Services US Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Intel Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CD 2017-CD5 Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</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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        <name>Freddie Mac Non Gold Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LBTY Commercial Mortgage Trust 2026-225L</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MPT Operating Partnership LP / MPT Finance Corp</name>
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      <invstOrSec>
        <name>Iceland Government International Bond</name>
        <lei>N/A</lei>
        <title>ICELAND (REP OF)</title>
        <cusip>N/A</cusip>
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          <isin value="XS3081371554"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IS</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-27</maturityDt>
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          <annualizedRt>2.62500000</annualizedRt>
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      <invstOrSec>
        <name>American Express Co</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AMERICAN EXPRESS</title>
        <cusip>025816DV8</cusip>
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          <isin value="US025816DV84"/>
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        <balance>376000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>379261.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-26</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>World Omni Auto Receivables Trust 2025-A</name>
        <lei>N/A</lei>
        <title>WOART 2025-A B</title>
        <cusip>98164YAF8</cusip>
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          <isin value="US98164YAF88"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50907.34000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.08000000</annualizedRt>
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      <invstOrSec>
        <name>Altria Group Inc</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>ALTRIA GROUP INC</title>
        <cusip>02209SBM4</cusip>
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          <isin value="US02209SBM44"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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      <invstOrSec>
        <name>Balboa Bay Loan Funding 2023-2 Ltd</name>
        <lei>549300AVUGQW27DUWV37</lei>
        <title>BOBA 2023-2A A1R</title>
        <cusip>05766JAL5</cusip>
        <identifiers>
          <isin value="US05766JAL52"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159596.48000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-20</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>McAfee Corp</name>
        <lei>2549009UKR8UEZYVCR93</lei>
        <title>MCAFEE CORP</title>
        <cusip>57906HAF4</cusip>
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          <isin value="US57906HAF47"/>
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        <balance>205726.77390000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.67500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FS5879</title>
        <cusip>3140XMQ90</cusip>
        <identifiers>
          <isin value="US3140XMQ900"/>
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        <balance>1696631.51250000</balance>
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        <curCd>USD</curCd>
        <valUSD>1581380.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toyota Motor Credit Corp</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>TOYOTA MTR CRED</title>
        <cusip>89236TPS8</cusip>
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          <isin value="US89236TPS86"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>570986.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Carmax Auto Owner Trust 2023-3</name>
        <lei>N/A</lei>
        <title>CARMX 2023-3 A4</title>
        <cusip>14319BAD4</cusip>
        <identifiers>
          <isin value="US14319BAD47"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>263115.19000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.26000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NextEra Energy Operating Partners LP</name>
        <lei>549300KJEC5IUVJWR786</lei>
        <title>XPLR INFRAST OP</title>
        <cusip>65342QAB8</cusip>
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          <isin value="US65342QAB86"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14852.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Freddie Mac Gold Pool</name>
        <lei>N/A</lei>
        <title>FG Q57339</title>
        <cusip>3132Y1EM6</cusip>
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          <isin value="US3132Y1EM69"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CB3853</title>
        <cusip>3140QPH75</cusip>
        <identifiers>
          <isin value="US3140QPH757"/>
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        <balance>682767.83570000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CC0581</title>
        <cusip>3140Y6UF5</cusip>
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          <isin value="US3140Y6UF58"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN MA4236</title>
        <cusip>31418DV66</cusip>
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          <isin value="US31418DV668"/>
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        <curCd>USD</curCd>
        <valUSD>1655013.35000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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        <name>PFS Financing Corp</name>
        <lei>N/A</lei>
        <title>PFSFC 2025-D A</title>
        <cusip>69335PFY6</cusip>
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          <isin value="US69335PFY60"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.47000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FA0637</title>
        <cusip>3140W0V77</cusip>
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          <isin value="US3140W0V772"/>
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        <balance>475471.11500000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE</title>
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          <isin value="US46647PEL67"/>
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        <balance>578000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>581942.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.97900000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Froneri US Inc</name>
        <lei>N/A</lei>
        <title>FRONERI US INC</title>
        <cusip>N/A</cusip>
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          <isin value="XAG3679YAM49"/>
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        <balance>50000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Affirm Master Trust Series 2025-3</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Turkiye Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Energizer Holdings Inc</name>
        <lei>5493000D6NN0V57UME20</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GCAT 2025-INV1 Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>XHR LP</name>
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        <title>XHR LP</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>General Motors Financial Co Inc</name>
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        <title>GEN MOTORS FIN</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK 2017-BNK8</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae or Freddie Mac</name>
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        <cusip>01F020646</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Clarios Global LP</name>
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        <title>CLARIOS GLOBAL L</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CHS/Community Health Systems Inc</name>
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        <title>CHS/COMMUNITY</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AAdvantage Loyalty IP Ltd</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Phillips 66 Co</name>
        <lei>RVJMT2IZVVSKIRJJBH76</lei>
        <title>PHILLIPS 66 CO</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PMT Loan Trust 2025-INV11</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <title>FN FM4969</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>EURO-BUXL 30Y BND Jun26</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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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>Nasdaq Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>OCP CLO 2023-30 LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</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>HSBC USA Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Trinity Rail Leasing 2025 LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PMT Loan Trust 2025-INV9</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>JH North America Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>M&amp;T Bank Auto Receivables Trust 2024-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Non Gold Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Steel Dynamics Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lowe's Cos Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Securitized Term Auto Receivables Trust 2025-B</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Credit Floorplan Master Owner Trust A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mexico Government International Bond</name>
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        <name>Argentine Republic Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aon North America Inc</name>
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        <name>Carmax Auto Owner Trust 2025-1</name>
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        <name>Freddie Mac REMICS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
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        <name>Evergreen Credit Card Trust</name>
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        <name>Univision Communications Inc</name>
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        <name>Freddie Mac REMICS</name>
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        <name>Starwood Property Trust Inc</name>
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        <name>GE Vernova Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hungary Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Fannie Mae or Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Sazerac Co Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Tenet Healthcare Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>OBX 2022-INV5 Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cyprium Corp / Cyprium Holdings Luxembourg Sarl</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Garda World Security Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Huntington Bank Auto Credit-Linked Notes Series 2025-2</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>HPEFS Equipment Trust 2025-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Israel Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</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>Alumina Ltd</name>
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        <name>Bahrain Government International Bond</name>
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        <name>SFS Auto Receivables Securitiz</name>
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        <name>Oracle Corp</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae or Freddie Mac</name>
        <lei>N/A</lei>
        <title>FNCI 2 4/26</title>
        <cusip>01F020448</cusip>
        <identifiers>
          <isin value="US01F0204481"/>
        </identifiers>
        <balance>-750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-689003.93000000</valUSD>
        <pctVal>-0.07445377018</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trinidad &amp; Tobago Government International Bond</name>
        <lei>N/A</lei>
        <title>TRINIDAD&amp;TOBAGO</title>
        <cusip>896292AN9</cusip>
        <identifiers>
          <isin value="US896292AN92"/>
        </identifiers>
        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1282977.24000000</valUSD>
        <pctVal>0.138638530803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TT</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA8880</title>
        <cusip>36179X2M7</cusip>
        <identifiers>
          <isin value="US36179X2M70"/>
        </identifiers>
        <balance>362226.64400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>370470.09000000</valUSD>
        <pctVal>0.040033000884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charter Communications Operating LLC / Charter Communications Operating Capital</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT</title>
        <cusip>161175CP7</cusip>
        <identifiers>
          <isin value="US161175CP73"/>
        </identifiers>
        <balance>183000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>190817.59000000</valUSD>
        <pctVal>0.020619750299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kazakhstan Government International Bond</name>
        <lei>N/A</lei>
        <title>KAZAKHSTAN</title>
        <cusip>486661BQ3</cusip>
        <identifiers>
          <isin value="US486661BQ34"/>
        </identifiers>
        <balance>743000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>727168.16000000</valUSD>
        <pctVal>0.078577797178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KZ</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.41200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Builders &amp; Contractors Supply Co Inc</name>
        <lei>549300H5GQ4C1BEKG397</lei>
        <title>ABC SUPPLY CO</title>
        <cusip>024747AF4</cusip>
        <identifiers>
          <isin value="US024747AF43"/>
        </identifiers>
        <balance>135000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>132430.28000000</valUSD>
        <pctVal>0.014310417114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CB3116</title>
        <cusip>3140QNPA4</cusip>
        <identifiers>
          <isin value="US3140QNPA41"/>
        </identifiers>
        <balance>178866.62500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159381.22000000</valUSD>
        <pctVal>0.017222735906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>FNR 2014-82 YZ</title>
        <cusip>3136ALK75</cusip>
        <identifiers>
          <isin value="US3136ALK752"/>
        </identifiers>
        <balance>561740.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>510367.05000000</valUSD>
        <pctVal>0.055150267500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Colombia Government International Bond</name>
        <lei>N/A</lei>
        <title>COLOMBIA REP OF</title>
        <cusip>195325CU7</cusip>
        <identifiers>
          <isin value="US195325CU73"/>
        </identifiers>
        <balance>595000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>426080.22000000</valUSD>
        <pctVal>0.046042231977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC</name>
        <lei>N/A</lei>
        <title>HOWDEN UK REF</title>
        <cusip>44287DAA1</cusip>
        <identifiers>
          <isin value="US44287DAA19"/>
        </identifiers>
        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107856.36000000</valUSD>
        <pctVal>0.011654959123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>FNR 2013-9 GZ</title>
        <cusip>3136ABRF2</cusip>
        <identifiers>
          <isin value="US3136ABRF26"/>
        </identifiers>
        <balance>475299.46900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>436705.39000000</valUSD>
        <pctVal>0.047190387932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Navient Refinance Loan Trust 2026-A</name>
        <lei>N/A</lei>
        <title>NAVRL 2026-A A</title>
        <cusip>63943HAA8</cusip>
        <identifiers>
          <isin value="US63943HAA86"/>
        </identifiers>
        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>128534.93000000</valUSD>
        <pctVal>0.013889485562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BAT Capital Corp</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT CAPITAL CORP</title>
        <cusip>05526DBN4</cusip>
        <identifiers>
          <isin value="US05526DBN49"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20213.96000000</valUSD>
        <pctVal>0.002184320679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Opal Bidco SAS</name>
        <lei>969500R96XT7XY2UJ564</lei>
        <title>OPAL BIDCO</title>
        <cusip>68348BAA1</cusip>
        <identifiers>
          <isin value="US68348BAA17"/>
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        <balance>205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205137.92000000</valUSD>
        <pctVal>0.022167205273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VB-S1 Issuer LLC</name>
        <lei>N/A</lei>
        <title>VBTEL 2026-1A C2</title>
        <cusip>91825HAA2</cusip>
        <identifiers>
          <isin value="US91825HAA23"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225985.33000000</valUSD>
        <pctVal>0.024419976565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.69300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OAK-Eagle Acquireco Inc</name>
        <lei>6488ICS9P20290MA1H31</lei>
        <title>OAK-EAGLE ACQUIR</title>
        <cusip>67124CAA1</cusip>
        <identifiers>
          <isin value="US67124CAA18"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>62140.06000000</valUSD>
        <pctVal>0.006714855380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Howmet Aerospace Inc</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>HOWMET AEROSPACE</title>
        <cusip>443201AH1</cusip>
        <identifiers>
          <isin value="US443201AH18"/>
        </identifiers>
        <balance>301000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>292486.20000000</valUSD>
        <pctVal>0.031606061108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>SW Finance I PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Williams Cos Inc/The</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arthur J Gallagher &amp; Co</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Virginia Electric and Power Co</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Goldentree Loan Management US Clo 28 Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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        <name>Meta Platforms Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Guatemala Government Bond</name>
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        <invCountry>GT</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Amgen Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo Commercial Mortgage Trust 2018-C47</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Prudential Financial Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Champ Acquisition Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Carnival Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ally Financial Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Genesee &amp; Wyoming Inc</name>
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          <isin value="US371559AB15"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FM6834</title>
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          <isin value="US3140XASY95"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Sunoco LP</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <title>ICE: (MEX)</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Benchmark 2025-B41 Mortgage Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Nippon Life Insurance Co</name>
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        <invCountry>JP</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN BM7858</title>
        <cusip>3140JCWU4</cusip>
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          <isin value="US3140JCWU40"/>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Studio City Finance Ltd</name>
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        <title>STUDIO CITY FIN</title>
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        <invCountry>VG</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2025-C35</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GCAT 2022-INV1 Trust</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AAdvantage Loyalty IP Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Veolia Environnement SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Santander Drive Auto Receivables Trust 2024-1</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Houston Galleria Mall Trust 2025-HGLR</name>
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        <name>Ginnie Mae II Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen International Finance NV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TransDigm Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oman Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DaVita Inc</name>
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        <isRestrictedSec>Y</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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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Close Brothers Finance PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac STACR REMIC Trust 2024-HQA2</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Credit Co LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Romanian Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>MPLX LP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SNF Group SACA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HCA Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GM Financial Consumer Automobile Receivables Trust 2024-1</name>
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        <name>Plains All American Pipeline LP / PAA Finance Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OCP Aegis CLO 2024-39 Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vistra Operations Co LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Linde PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CommonSpirit Health</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Auto Lease Securitizat</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Brandywine Operating Partnership LP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CIFC Funding 2023-II Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Zoetis Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Boeing Co/The</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Airbnb Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAD Auto Receivables Trust 2024-2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pinnacle West Capital Corp</name>
        <lei>TWSEY0NEDUDCKS27AH81</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>European Union</name>
        <lei>529900FZRK8FGMPEOM08</lei>
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        <cusip>N/A</cusip>
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          <isin value="EU000A4EA8Y7"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-12</maturityDt>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SD8050</title>
        <cusip>3132DV5K7</cusip>
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          <isin value="US3132DV5K70"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-03-01</maturityDt>
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      <invstOrSec>
        <name>Hewlett Packard Enterprise Co</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>HP ENTERPRISE</title>
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          <isin value="US42824CCA53"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FS7265</title>
        <cusip>3140XPCB3</cusip>
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          <isin value="US3140XPCB36"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
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      <invstOrSec>
        <name>Bayview Opportunity Master Fund VII Trust 2024-SN1</name>
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        <title>BVABS 2024-SN1 D</title>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Domino's Pizza Master Issuer LLC</name>
        <lei>N/A</lei>
        <title>DPABS 2025-1A A2I</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-07-25</maturityDt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
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        <title>FN CC1705</title>
        <cusip>3140Y73P1</cusip>
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          <isin value="US3140Y73P18"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-01</maturityDt>
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        <name>Augusta SpinCo Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA5331</title>
        <cusip>36179T4Q5</cusip>
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          <isin value="US36179T4Q56"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-20</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>FirstEnergy Pennsylvania Electric Co</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Baiterek National Investment Holding JSC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FMC Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Advance Auto Parts Inc</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>ADVANCE AUTO PAR</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>JH North America Holdings Inc</name>
        <lei>254900A6FXA0D81TL967</lei>
        <title>JH NORTH AMERICA</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Duke Energy Corp</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>DUKE ENERGY COR</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>Hertz Vehicle Financing III LLC</name>
        <lei>549300MNOMKDMDFI8J66</lei>
        <title>HERTZ 2025-6A A</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Development Bank of Kazakhstan JSC</name>
        <lei>213800LCDPGJ1BI7KX98</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>HSBC Holdings PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Capital I Trust 2019-L3</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-15</maturityDt>
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        <name>Gray Television Inc</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp</name>
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          <isin value="US1248EPCN14"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMITOMO MITSUI</title>
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          <isin value="US86562MCR97"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>407920.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-13</maturityDt>
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          <annualizedRt>5.52000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>FNR 2020-96 A</title>
        <cusip>3136BDKT4</cusip>
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          <isin value="US3136BDKT40"/>
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        <balance>373863.30000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296566.69000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-25</maturityDt>
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          <annualizedRt>1.50000000</annualizedRt>
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      <invstOrSec>
        <name>Hungary Government International Bond</name>
        <lei>N/A</lei>
        <title>HUNGARY</title>
        <cusip>N/A</cusip>
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          <isin value="XS2574267188"/>
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        <balance>452000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>AmWINS Group Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Salesforce Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>APLD ComputeCo 2 LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Santander Drive Auto Receivables Trust 2024-2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group Inc/The</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Issuer: BB Company ID:72082777</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ecuador Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Suzano Netherlands BV</name>
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        <title>SUZANO NETHERLAN</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Panama Government International Bond</name>
        <lei>N/A</lei>
        <title>PANAMA</title>
        <cusip>698299CB8</cusip>
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          <isin value="US698299CB89"/>
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        <balance>561000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>543306.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.22700000</annualizedRt>
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      <invstOrSec>
        <name>Turkiye Government International Bond</name>
        <lei>N/A</lei>
        <title>TURKIYE REP OF</title>
        <cusip>900123DT4</cusip>
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          <isin value="US900123DT49"/>
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        <balance>2900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2745337.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.30000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>FREE MTGE HOLD</title>
        <cusip>35641AAD0</cusip>
        <identifiers>
          <isin value="US35641AAD00"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37520.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>Canpack SA / Canpack US LLC</name>
        <lei>N/A</lei>
        <title>CANPACK SA</title>
        <cusip>13806CAA0</cusip>
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          <isin value="US13806CAA09"/>
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        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>247236.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 BZ1768</title>
        <cusip>3617QV6D8</cusip>
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          <isin value="US3617QV6D88"/>
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        <balance>79559.07560000</balance>
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        <curCd>USD</curCd>
        <valUSD>70972.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Flash Compute LLC</name>
        <lei>N/A</lei>
        <title>FLASH COMPUTE</title>
        <cusip>33853QAA9</cusip>
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          <isin value="US33853QAA94"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45390.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK 2019-BNK23</name>
        <lei>N/A</lei>
        <title>BANK 2019-BN23 A3</title>
        <cusip>06541RBB8</cusip>
        <identifiers>
          <isin value="US06541RBB87"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1225334.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.92000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR RJ2657</title>
        <cusip>3142GS5T1</cusip>
        <identifiers>
          <isin value="US3142GS5T12"/>
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        <balance>664645.28000000</balance>
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        <curCd>USD</curCd>
        <valUSD>675291.63000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>California Buyer Ltd / Atlantica Sustainable Infrastructure PLC</name>
        <lei>N/A</lei>
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        <cusip>13005HAA8</cusip>
        <identifiers>
          <isin value="US13005HAA86"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68423.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2026-R02</name>
        <lei>N/A</lei>
        <title>CAS 2026-R02 1A1</title>
        <cusip>20753EAA4</cusip>
        <identifiers>
          <isin value="US20753EAA47"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200078.28000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.61190000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Huntington Bank Auto Credit-Linked Notes Series 2024-2</name>
        <lei>N/A</lei>
        <title>HACLN 2024-2 B1</title>
        <cusip>44644NAG4</cusip>
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          <isin value="US44644NAG43"/>
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        <curCd>USD</curCd>
        <valUSD>121937.53000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-20</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verizon Communications Inc</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMM INC</title>
        <cusip>92343VHJ6</cusip>
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          <isin value="US92343VHJ61"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SD8235</title>
        <cusip>3132DWEG4</cusip>
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          <isin value="US3132DWEG42"/>
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        <balance>488686.82800000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>FSWP: OIS 4.100000 18-OCT-2040 SOF</title>
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          <other otherDesc="CONTRACT_VANGUARD_ID" value="V1048112501"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barings CLO Ltd 2025-VII</name>
        <lei>254900I80K3UAJ5XX377</lei>
        <title>BABSN 2025-7A B</title>
        <cusip>06765FAG3</cusip>
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          <isin value="US06765FAG37"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Corp Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>CODELCO INC</title>
        <cusip>N/A</cusip>
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          <isin value="USP3143NBQ62"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>408729.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SoFi Consumer Loan Program Trust 2026-1</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Trinity Rail Leasing 2021 LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Outfront Media Capital LLC / Outfront Media Capital Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cable One Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Eaton Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>UBS Commercial Mortgage Trust 2017-C7</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PFS Financing Corp</name>
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        <title>PFSFC 2024-D A</title>
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          <isin value="US69335PFJ93"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Benin Government International Bond</name>
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        <cusip>08205QAE8</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>BJ</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Enel Finance America LLC</name>
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        <title>ENEL FINANCE AM</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>RR 44 Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GMF Floorplan Owner Revolving Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Teva Pharmaceutical Finance Netherlands III BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae or Freddie Mac</name>
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        <name>Time Warner Cable LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cloud Software Group Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CHS/Community Health Systems Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Rocket Cos Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Starwood Property Trust Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Onemain Financial Issuance Trust 2025-1</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
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        <title>FR SD7503</title>
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          <isin value="US3132DVKQ76"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>RTX Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <title>FN BU7831</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Vantage Data Centers Issuer LLC</name>
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        <title>VDC 2025-2A A2</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Sedgwick Claims Management Services Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Flutter Treasury DAC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Plains All American Pipeline LP / PAA Finance Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <title>FR SD2741</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nissan Auto Lease Trust 2025-B</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Exeter Automobile Receivables Trust 2026-1</name>
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        <title>EART 2026-1A C</title>
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          <isin value="US30168HAE71"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PenFed Auto Receivables Owner Trust 2025-A</name>
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        <title>PNFED 2025-A C</title>
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          <isin value="US706916AF08"/>
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        <curCd>USD</curCd>
        <valUSD>19922.96000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Public Property Invest AS</name>
        <lei>254900QSCB9T0W2KE886</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS2957471373"/>
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        <balance>400000.00000000</balance>
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        <invCountry>NO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Moog Inc</name>
        <lei>549300WM2I4U7OBAHG07</lei>
        <title>MOOG INC</title>
        <cusip>615394AP8</cusip>
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          <isin value="US615394AP83"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20078.78000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>JetBlue Airways Corp / JetBlue Loyalty LP</name>
        <lei>N/A</lei>
        <title>JETBLUE AIRW/LOY</title>
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          <isin value="US476920AA15"/>
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        <balance>87000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82220.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.87500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Dominican Republic International Bond</name>
        <lei>N/A</lei>
        <title>DOMINICAN REPUBL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP3579ECP09"/>
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        <balance>3606000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3576854.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ryan Specialty LLC</name>
        <lei>549300K52N7QBO3PYY45</lei>
        <title>RYAN SPECIALTY</title>
        <cusip>78351GAA3</cusip>
        <identifiers>
          <isin value="US78351GAA31"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79167.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Republic of Uzbekistan International Bond</name>
        <lei>N/A</lei>
        <title>UZBEK INTL BOND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3008639810"/>
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        <balance>880000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.15585000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UZ</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grand City Properties Finance Sarl</name>
        <lei>8945006UT2CWIRXJSL95</lei>
        <title>GRAND CITY FINAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3246991981"/>
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        <balance>100000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.15585000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2079-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CenterPoint Energy Houston Electric LLC</name>
        <lei>549300S8SEQBOJLKHW63</lei>
        <title>CENTERPOINT HOUS</title>
        <cusip>15189XBL1</cusip>
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          <isin value="US15189XBL10"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>264641.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SCCU Auto Receivables Trust 2025-1</name>
        <lei>N/A</lei>
        <title>SCCU 2025-1A A4</title>
        <cusip>80620BAD9</cusip>
        <identifiers>
          <isin value="US80620BAD91"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30127.09000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</maturityDt>
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          <annualizedRt>4.68000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Duke Energy Florida LLC</name>
        <lei>7MOHLM3DKE63RX2ZCN83</lei>
        <title>DUKE ENERGY FLA</title>
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          <isin value="US26444HAR21"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>177959.11000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-15</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>FSWP: OIS 3.572000 15-NOV-2035 SOF</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CITIGROUP INC.</counterpartyName>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2024-R06</name>
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        <title>CAS 2024-R06 1A1</title>
        <cusip>20755RAA3</cusip>
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          <isin value="US20755RAA32"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</name>
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        <title>AERCAP IRELAND</title>
        <cusip>00774MAZ8</cusip>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-04</maturityDt>
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          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FS5454</title>
        <cusip>3140XMBY1</cusip>
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          <isin value="US3140XMBY17"/>
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        <balance>599518.76500000</balance>
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        <curCd>USD</curCd>
        <valUSD>557482.25000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Sealed Air Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Gray Television Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Lyra Music Assets Delaware LP</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bayer AG</name>
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        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Teva Pharmaceutical Finance Netherlands IV BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Honeywell Aerospace Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Alumina Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hungary Government International Bond</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Navient Student Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Agence Francaise de Developpement EPIC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RR 44 Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>WESCO Distribution Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Vistra Operations Co LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Corp Nacional del Cobre de Chile</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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          <isin value="US3132DMW840"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>Huntington Bancshares Inc/OH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VENTURE GLOBAL PLAQUE</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Herc Holdings Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Standard Building Solutions Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CSX Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <title>FR SD7552</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICS</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Republic of Kenya Government International Bond</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AmeriTex HoldCo Intermediate LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SM Energy Co</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cheniere Energy Inc</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
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        <title>FN FS5718</title>
        <cusip>3140XMK88</cusip>
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          <isin value="US3140XMK887"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust 2024-3</name>
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          <isin value="US38013KAF75"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Yorkshire Water Finance PLC</name>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-26</maturityDt>
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      <invstOrSec>
        <name>Intel Corp</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA8878</title>
        <cusip>36179X2K1</cusip>
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          <isin value="US36179X2K15"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-20</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Genesis Energy LP / Genesis Energy Finance Corp</name>
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        <curCd>USD</curCd>
        <valUSD>160119.07000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FM5245</title>
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          <isin value="US3140X8ZK64"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>PMT Loan Trust 2026-CNF1</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>United Airlines Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <title>FR RJ3891</title>
        <cusip>3142GUKD4</cusip>
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          <isin value="US3142GUKD44"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Constellation Energy Generation LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Rocket Cos Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <title>FR RJ1658</title>
        <cusip>3142GRZY9</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B</title>
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        <balance>3600000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-15</maturityDt>
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          <annualizedRt>1.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Athene Global Funding</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Evergreen Credit Card Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SNF Group SACA</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
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        <cusip>21H040640</cusip>
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          <isin value="US21H0406403"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CB2287</title>
        <cusip>3140QMRH9</cusip>
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          <isin value="US3140QMRH92"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GMF Floorplan Owner Revolving Trust</name>
        <lei>N/A</lei>
        <title>GFORT 2024-3A B</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hungary Government International Bond</name>
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        <title>HUNGARY</title>
        <cusip>N/A</cusip>
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        <invCountry>HU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Hudbay Minerals Inc</name>
        <lei>894500LX3TMESP27BE29</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ally Bank Auto Credit-Linked Notes Series 2025-B</name>
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        <title>ABCLN 2025-B D</title>
        <cusip>02007G6R9</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Petronas Capital Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Targa Resources Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>JP Morgan Mortgage Trust 2021-INV4</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Newell Brands Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BBCMS Mortgage Trust 2025-C35</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Galaxy Pipeline Assets Bidco Ltd</name>
        <lei>549300L82YB0C6JQIC26</lei>
        <title>GALAXY PIPELINE</title>
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        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SBA Communications Corp</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA COMMUNICATIO</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FIFTH THIRD BANC</title>
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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>NOVA Chemicals Corp</name>
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        <name>Panther Escrow Issuer LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cassa Depositi e Prestiti SpA</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Amphenol Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AES Corp/The</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Trans-Allegheny Interstate Line Co</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Walt Disney Co/The</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Flagstar Mortgage Trust 2021-6INV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Light &amp; Wonder International Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Residential Mortgage Loan Trust 2026-INV1</name>
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        <name>Churchill Downs Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital One Financial Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verizon Master Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Romanian Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Froneri Lux FinCo SARL</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings LLC / CCO Holdings Capital Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BBCMS Mortgage Trust 2024-C24</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NYC Commercial Mortgage Trust 2025-28L</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>International Business Machines Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Huntington Bank Auto Credit-Linked Notes Series 2026-1</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Sunoco LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac STACR REMIC Trust 2024-DNA2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Boots Group Finco LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Asbury Automotive Group Inc</name>
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        <name>Connecticut Avenue Securities Trust 2025-R06</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Genesis Energy LP / Genesis Energy Finance Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <title>G2 787764</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK 2021-BNK35</name>
        <lei>N/A</lei>
        <title>BANK 2021-BN35 A5</title>
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          <isin value="US06540CBF32"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CB1367</title>
        <cusip>3140QLQV1</cusip>
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          <isin value="US3140QLQV13"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Honeywell Aerospace Inc</name>
        <lei>213800ZUAQRBYL67JS90</lei>
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          <isin value="US43849RAF29"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HPS Corporate Lending Fund</name>
        <lei>549300ZS7IHUA6FKFV61</lei>
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          <isin value="US40440VAQ86"/>
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        <balance>547000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-11</maturityDt>
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          <annualizedRt>4.90000000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac STACR REMIC Trust 2025-DNA2</name>
        <lei>529900XX8WXEM4FBIH80</lei>
        <title>STACR 2025-DNA2 A1</title>
        <cusip>35564NHY2</cusip>
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          <isin value="US35564NHY22"/>
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        <balance>93750.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-25</maturityDt>
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      <invstOrSec>
        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B</title>
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          <isin value="US912810RT79"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hertz Vehicle Financing III LLC</name>
        <lei>549300MNOMKDMDFI8J66</lei>
        <title>HERTZ 2025-5A A</title>
        <cusip>42806MDL0</cusip>
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          <isin value="US42806MDL00"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-25</maturityDt>
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      <invstOrSec>
        <name>Sri Lanka Government International Bond</name>
        <lei>N/A</lei>
        <title>REP OF SRI LANKA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2966242179"/>
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        <balance>20880.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15902.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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      <invstOrSec>
        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC</title>
        <cusip>06738ECD5</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208326.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.38500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Exelon Corp</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>EXELON CO</title>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA9242</title>
        <cusip>36179YHT4</cusip>
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          <isin value="US36179YHT47"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SD7557</title>
        <cusip>3132DVME2</cusip>
        <identifiers>
          <isin value="US3132DVME29"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>SA Global Sukuk Ltd</name>
        <lei>5493007DFAVKU7UOGR47</lei>
        <title>SA GLOBAL SUKU</title>
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          <isin value="XS3182415979"/>
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        <balance>700000.00000000</balance>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Mexico Government International Bond</name>
        <lei>N/A</lei>
        <title>UNITED MEXICAN</title>
        <cusip>91087BBE9</cusip>
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        <invCountry>MX</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust 2021-INV6</name>
        <lei>N/A</lei>
        <title>JPMMT 2021-INV6 A2A</title>
        <cusip>46654FAE8</cusip>
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          <isin value="US46654FAE88"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OneMain Finance Corp</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>ONEMAIN FINANCE</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ERP Operating LP</name>
        <lei>DX5HQV5MLU50FEWZ5072</lei>
        <title>ERP OPERATING LP</title>
        <cusip>26884ABB8</cusip>
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          <isin value="US26884ABB89"/>
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        <balance>230000.00000000</balance>
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        <valUSD>198846.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DTE Electric Co</name>
        <lei>9N0FWODEJVKHC2DYLO03</lei>
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        <name>Morocco Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Paraguay Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust 2024-C</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <cusip>31427NQ93</cusip>
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          <isin value="US31427NQ932"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2026-C66</name>
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          <isin value="US95005CAD02"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
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        <cusip>3132DMSJ5</cusip>
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          <isin value="US3132DMSJ52"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BMO 2024-C8 Mortgage Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Univision Communications Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Newell Brands Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Entergy Texas Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust 2024-C26</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AMC Networks Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Eagle Funding Luxco Sarl</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>New Issuer: BB Company ID:71179043</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Exelon Corp</name>
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        <title>EXELON CO</title>
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        <name>Takeoff Merger Sub Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lighthouse Park CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GE Vernova Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Credit Co LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Energizer Holdings Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Pfizer Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Atmos Energy Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</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>Ginnie Mae II Pool</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>TransDigm Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DBJPM 20-C9 Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GM Financial Automobile Leasin</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Herc Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Axle &amp; Manufacturing Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Credit Auto Owner Trust 2024-REV1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mexico Government International Bond</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>HCA Inc</name>
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        <name>Fannie Mae Pool</name>
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        <name>Chase Auto Owner Trust 2024-4</name>
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        <name>PMT Loan Trust 2025-INV7</name>
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        <name>Wyndham Hotels &amp; Resorts Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ford Credit Auto Owner Trust 2026-REV1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CLI Funding IX LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Nevada Power Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Express Co</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Benchmark 2024-V6 Mortgage Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bread Financial Holdings Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Barclays PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Navient Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Non Gold Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hungary Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>VENTURE GLOBAL PLAQUE</name>
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        <title>VENTURE GLOBAL</title>
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        <fairValLevel>2</fairValLevel>
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        <name>EW Scripps Co/The</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAD Auto Receivables Trust</name>
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        <name>Santander Drive Auto Receivables Trust 2024-5</name>
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        <name>Standard Building Solutions Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae or Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Auto Lease Securitization Trust 2025-A</name>
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        <name>Volksbank Wien AG</name>
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        <name>Freddie Mac REMICS</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Huntington National Bank/The</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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          <isin value="US06738EDK82"/>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-24</maturityDt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FA0120</title>
        <cusip>3140W0D28</cusip>
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          <isin value="US3140W0D283"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Kioxia Holdings Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Verizon Master Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ascent Resources Utica Holdings LLC / ARU Finance Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Post Holdings Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lighthouse Park CLO Ltd</name>
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        <title>LITPK 2025-1A A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Newell Brands Inc</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Capital One Financial Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co</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>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN MA4237</title>
        <cusip>31418DV74</cusip>
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          <isin value="US31418DV742"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ecuador Government International Bond</name>
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        <title>REPUBLIC OF ECUA</title>
        <cusip>N/A</cusip>
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        <invCountry>EC</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>Men's Wearhouse LLC/The</name>
        <lei>NKFP7BJ6WYEV4I24P532</lei>
        <title>MEN'S WEARHOUSE</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Benin Government International Bond</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Santander Drive Auto Receivables Trust 2025-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PFS Financing Corp</name>
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          <isin value="US69335PGD15"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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          <isin value="US3140QSM249"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo Commercial Mortgage Trust 2024-C63</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Crescent Energy Finance LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PMT Loan Trust 2025-INV10</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Eaton Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hudson Pacific Properties LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm Inc</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TRANSDIGM INC</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SFS Auto Receivables Securitization Trust 2024-1</name>
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        <name>Freddie Mac Pool</name>
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        <name>General Motors Co</name>
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        <name>Foundry JV Holdco LLC</name>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Airlines Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo Mortgage Backed Securities 2021-INV2 Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Hopper Merger Sub Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Kingdom of Belgium Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Airlines 2020-1 Class A Pass Through Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Elmwood CLO 21 Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Commercial Metals Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dominican Republic International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>HPEFS Equipment Trust 2024-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wendy's Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rayburn Country Securitization LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vanguard Cmt Funds-Vanguard Market Liquidity Fund</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Progress Residential 2024-SFR3 Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>General Motors Financial Co Inc</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>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Vantage Data Centers LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Flatiron CLO 24 LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Chase Auto Owner Trust 2025-1</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WR Grace Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <name>Kraft Heinz Foods Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK 2019-BNK24</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Advanced Drainage Systems Inc</name>
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        <name>Ford Credit Auto Owner Trust 2024-B</name>
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        <name>Fannie Mae Pool</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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Intercontinental Exchange Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VENTURE GLOBAL PLAQUE</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ONEOK Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer LP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Tenet Healthcare Corp</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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        <fairValLevel>2</fairValLevel>
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        <name>CarMax Auto Owner Trust 2026-1</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Wayfair LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Philip Morris International Inc</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS IN</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <title>FN BM3075</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TransDigm Inc</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TRANSDIGM INC</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Basswood Park CLO Ltd</name>
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        <title>BARK 2021-1A AR</title>
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        <curCd>USD</curCd>
        <valUSD>129756.84000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Non Gold Pool</name>
        <lei>N/A</lei>
        <title>FH 842048</title>
        <cusip>31288RHZ4</cusip>
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          <isin value="US31288RHZ47"/>
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        <balance>255095.34890000</balance>
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        <curCd>USD</curCd>
        <valUSD>257848.54000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Japan Government Thirty Year Bond</name>
        <lei>N/A</lei>
        <title>JAPAN GOVT 30-YR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300661L47"/>
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        <balance>456650000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MB0632</title>
        <cusip>3618N5V22</cusip>
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          <isin value="US3618N5V221"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae or Freddie Mac</name>
        <lei>N/A</lei>
        <title>FNCL 3.5 5/26</title>
        <cusip>01F032658</cusip>
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          <isin value="US01F0326581"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FCCU Auto Receivables Trust 2025-1</name>
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        <title>FCCU 2025-1A A4</title>
        <cusip>31424YAD0</cusip>
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          <isin value="US31424YAD04"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
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      <invstOrSec>
        <name>Radiology Partners Inc</name>
        <lei>549300SFTAG2177WUZ08</lei>
        <title>RADIOLOGY PARTNE</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>National Grid PLC</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
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          <isin value="US636274AD47"/>
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        <curCd>USD</curCd>
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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>5.60200000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B</title>
        <cusip>91282CLZ2</cusip>
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          <isin value="US91282CLZ22"/>
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        <balance>2604000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2616816.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Enbridge Inc</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBRIDGE INC</title>
        <cusip>29250NBZ7</cusip>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>222813.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
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      <invstOrSec>
        <name>RHP Hotel Properties LP / RHP Finance Corp</name>
        <lei>N/A</lei>
        <title>RHP HOTEL PPTY</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>McKesson Corp</name>
        <lei>549300WZWOM80UCFSF54</lei>
        <title>MCKESSON CORP</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>FHR 5173 AB</title>
        <cusip>3137H4CN8</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-25</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>BMO Mortgage Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>EF Holdco / EF Cayman Hold / Ellington Fin REIT Cayman/TRS / EF Cayman Non-MTM</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <title>FN FM4925</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DB Master Finance LLC</name>
        <lei>549300F17UZJL70BPB08</lei>
        <title>DNKN 2025-1A A2I</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CA7044</title>
        <cusip>3140QEZJ4</cusip>
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          <isin value="US3140QEZJ41"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fortrea Holdings Inc</name>
        <lei>5493000FIVFABOVCDU97</lei>
        <title>FORTREA HOLDINGS</title>
        <cusip>34965KAA5</cusip>
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          <isin value="US34965KAA51"/>
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        <balance>34000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32228.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SB8383</title>
        <cusip>3132D6J43</cusip>
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          <isin value="US3132D6J439"/>
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        <balance>199716.16920000</balance>
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        <curCd>USD</curCd>
        <valUSD>198270.30000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Ares Strategic Income Fund</name>
        <lei>549300IANZJVZPTICV54</lei>
        <title>ARES STRATEGIC I</title>
        <cusip>04020EAG2</cusip>
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          <isin value="US04020EAG26"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>279761.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SM Energy Co</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM ENERGY CO</title>
        <cusip>17888HAB9</cusip>
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          <isin value="US17888HAB96"/>
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        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67994.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMITOMO MITSU</title>
        <cusip>86562MED8</cusip>
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          <isin value="US86562MED83"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>295485.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Western Midstream Operating LP</name>
        <lei>L6D8A6MLSY454J2JXJ60</lei>
        <title>WESTERN GAS PART</title>
        <cusip>958254AH7</cusip>
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          <isin value="US958254AH78"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Slovakia Government Bond</name>
        <lei>N/A</lei>
        <title>SLOVAKIA GOVT</title>
        <cusip>N/A</cusip>
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          <isin value="SK4000028858"/>
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        <balance>1420000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-19</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp</name>
        <lei>N/A</lei>
        <title>CCO HOLDINGS LLC</title>
        <cusip>1248EPCK7</cusip>
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          <isin value="US1248EPCK74"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac Non Gold Pool</name>
        <lei>N/A</lei>
        <title>FH 842097</title>
        <cusip>31288RKJ6</cusip>
        <identifiers>
          <isin value="US31288RKJ67"/>
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        <balance>1368869.72400000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-01</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 786656</title>
        <cusip>3622ACH94</cusip>
        <identifiers>
          <isin value="US3622ACH947"/>
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        <curCd>USD</curCd>
        <valUSD>240772.35000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Jersey Mike's Funding LLC</name>
        <lei>N/A</lei>
        <title>JMIKE 2026-1A A2I</title>
        <cusip>476681AF8</cusip>
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          <isin value="US476681AF84"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>256439.22000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HUB International Ltd</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HUB INTL LTD</title>
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        <balance>25000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR RA7677</title>
        <cusip>3133KPQ68</cusip>
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          <isin value="US3133KPQ681"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hundred Acre Wood Trust 2021-INV3</name>
        <lei>N/A</lei>
        <title>HAWT 2021-INV3 A3</title>
        <cusip>44555QAC3</cusip>
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          <isin value="US44555QAC33"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>FHR 5201 CA</title>
        <cusip>3137H64V4</cusip>
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          <isin value="US3137H64V41"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae or Freddie Mac</name>
        <lei>N/A</lei>
        <title>FNCL 3.5 4/26</title>
        <cusip>01F032641</cusip>
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          <isin value="US01F0326417"/>
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        <balance>9800000.00000000</balance>
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        <valUSD>8978484.62000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINL</title>
        <cusip>14040HCX1</cusip>
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          <isin value="US14040HCX17"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121809.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.46800000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</name>
        <lei>254900OYVDRYS9J51J61</lei>
        <title>PERUSAHAAN LISTR</title>
        <cusip>71568QAE7</cusip>
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          <isin value="US71568QAE70"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>604834.48000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>ID</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>FNR 2016-88 LZ</title>
        <cusip>3136AUSQ5</cusip>
        <identifiers>
          <isin value="US3136AUSQ52"/>
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        <curCd>USD</curCd>
        <valUSD>211547.95000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-12-25</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2SF 5.5 4/26</title>
        <cusip>21H052645</cusip>
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          <isin value="US21H0526457"/>
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        <balance>4980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5007539.90000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Ecuador Government International Bond</name>
        <lei>N/A</lei>
        <title>REPUBLIC OF ECUA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2214239175"/>
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        <balance>813000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>637106.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EC</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>US Foods Inc</name>
        <lei>5493000JOOFAOUY1JZ87</lei>
        <title>US FOODS INC</title>
        <cusip>90290MAG6</cusip>
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          <isin value="US90290MAG69"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10244.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Teva Pharmaceutical Finance Netherlands III BV</name>
        <lei>5493004T21MOAFINJP35</lei>
        <title>TEVA PHARMACEUCI</title>
        <cusip>88167AAE1</cusip>
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          <isin value="US88167AAE10"/>
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        <balance>57000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56433.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 787663</title>
        <cusip>3622ADML9</cusip>
        <identifiers>
          <isin value="US3622ADML97"/>
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        <balance>684341.46000000</balance>
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        <curCd>USD</curCd>
        <valUSD>681305.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Qnity Electronics Inc</name>
        <lei>254900RSUG4J9TFFZX53</lei>
        <title>QNITY ELECTRONIC</title>
        <cusip>74743LAA8</cusip>
        <identifiers>
          <isin value="US74743LAA89"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140174.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CA8380</title>
        <cusip>3140QGJ24</cusip>
        <identifiers>
          <isin value="US3140QGJ240"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FS4964</title>
        <cusip>3140XLQS0</cusip>
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          <isin value="US3140XLQS01"/>
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        <curCd>USD</curCd>
        <valUSD>340531.80000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2024-R01</name>
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        <title>CAS 2024-R01 1M1</title>
        <cusip>20753UAA8</cusip>
        <identifiers>
          <isin value="US20753UAA88"/>
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        <balance>63320.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63303.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae or Freddie Mac</name>
        <lei>N/A</lei>
        <title>FNCL 3 4/26</title>
        <cusip>01F030645</cusip>
        <identifiers>
          <isin value="US01F0306450"/>
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        <balance>5250000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA8491</title>
        <cusip>36179XNG7</cusip>
        <identifiers>
          <isin value="US36179XNG78"/>
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        <balance>211693.75570000</balance>
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        <curCd>USD</curCd>
        <valUSD>215228.24000000</valUSD>
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        <issuerCat>USGA</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Nigeria Government International Bond</name>
        <lei>N/A</lei>
        <title>REP OF NIGERIA</title>
        <cusip>N/A</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>Freddie Mac Pool</name>
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        <title>FR SB0442</title>
        <cusip>3132CWP32</cusip>
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          <isin value="US3132CWP324"/>
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        <balance>184254.86500000</balance>
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        <curCd>USD</curCd>
        <valUSD>174642.05000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>Discovery Global Holdings Inc</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>DISCOVERY HLDG</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.05000000</annualizedRt>
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        <securityLending>
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        <name>Eskom Holdings</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.31400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bayview Opportunity Master Fund VI Trust 2021-INV6</name>
        <lei>N/A</lei>
        <title>BVINV 2021-6 A2</title>
        <cusip>07335UAB0</cusip>
        <identifiers>
          <isin value="US07335UAB08"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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        <name>Bombardier Inc</name>
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        <invCountry>CA</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Entergy Texas Inc</name>
        <lei>LWXX58X12AJXISQ28573</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Israel Government International Bond</name>
        <lei>N/A</lei>
        <title>STATE OF ISRAEL</title>
        <cusip>N/A</cusip>
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          <isin value="XS2711443932"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>US Bank NA</name>
        <lei>N/A</lei>
        <title>USCLN 2026-RVM1 B1</title>
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          <isin value="US90355PAJ57"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benefit Street Partners CLO IV Ltd</name>
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        <title>BSP 2014-IVA BR5</title>
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          <isin value="US08180FCJ84"/>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <title>FR SD8104</title>
        <cusip>3132DWAD5</cusip>
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          <isin value="US3132DWAD56"/>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Wells Fargo Mortgage Backed Securities 2022-2 Trust</name>
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        <title>WFMBS 2022-2 A6</title>
        <cusip>949930AF8</cusip>
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          <isin value="US949930AF89"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Progress Residential 2022-SFR3 Trust</name>
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        <title>PROG 2022-SFR3 A</title>
        <cusip>74331UAA6</cusip>
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          <isin value="US74331UAA60"/>
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        <balance>94880.37000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Kinder Morgan Inc</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>KINDER MORGAN</title>
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          <isin value="US49456BBB62"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Black Pearl Compute LLC</name>
        <lei>N/A</lei>
        <title>BLACK PEARL COMP</title>
        <cusip>09216NAA8</cusip>
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        <balance>35000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN BR7708</title>
        <cusip>3140L6R63</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CENT 2025-CITY</name>
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        <title>CENT 2025-CITY A</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>State Street Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Dell International LLC / EMC Corp</name>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>FNR 2025-82 JA</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SB8508</title>
        <cusip>3132D6NZ9</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust 2024-3</name>
        <lei>N/A</lei>
        <title>SDART 2024-3 D</title>
        <cusip>80287LAF6</cusip>
        <identifiers>
          <isin value="US80287LAF67"/>
        </identifiers>
        <balance>160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>163802.24000000</valUSD>
        <pctVal>0.017700471362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.97000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>ALPHABET INC</title>
        <cusip>02079KBB2</cusip>
        <identifiers>
          <isin value="US02079KBB26"/>
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        <balance>356000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>344749.44000000</valUSD>
        <pctVal>0.037253627240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2075-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAB Holdings BV</name>
        <lei>529900RRNKUM3INJGF98</lei>
        <title>JAB HOLDINGS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A3LXSR7"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="1.15585000"/>
        <valUSD>347174.92000000</valUSD>
        <pctVal>0.037515724628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Extra Space Storage LP</name>
        <lei>549300YNKSKNZFR8UC42</lei>
        <title>EXTRA SPACE STOR</title>
        <cusip>30225VAV9</cusip>
        <identifiers>
          <isin value="US30225VAV99"/>
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        <balance>414000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>408145.20000000</valUSD>
        <pctVal>0.044104173572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GM Financial Revolving Receivables Trust 2025-1</name>
        <lei>N/A</lei>
        <title>GMREV 2025-1 A</title>
        <cusip>36271NAA3</cusip>
        <identifiers>
          <isin value="US36271NAA37"/>
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        <balance>280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>282720.98000000</valUSD>
        <pctVal>0.030550831357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.64000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Clearway Energy Operating LLC</name>
        <lei>549300Z3NFMM54NWBB87</lei>
        <title>CLEARWAY ENERGY</title>
        <cusip>18539UAE5</cusip>
        <identifiers>
          <isin value="US18539UAE55"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9133.01000000</valUSD>
        <pctVal>0.000986913133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SD5086</title>
        <cusip>3132DSUK6</cusip>
        <identifiers>
          <isin value="US3132DSUK67"/>
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        <balance>232824.67610000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>236135.72000000</valUSD>
        <pctVal>0.025516827789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac REMICS</name>
        <lei>N/A</lei>
        <title>FHR 4430 NZ</title>
        <cusip>3137BG3F4</cusip>
        <identifiers>
          <isin value="US3137BG3F40"/>
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        <balance>349339.03000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>318687.29000000</valUSD>
        <pctVal>0.034437351103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Benefit Street Partners CLO IV Ltd</name>
        <lei>5493002BNZCV0YE1MG83</lei>
        <title>BSP 2014-IVA AR5</title>
        <cusip>08180FCG4</cusip>
        <identifiers>
          <isin value="US08180FCG46"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>189868.54000000</valUSD>
        <pctVal>0.020517195949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.91760000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae or Freddie Mac</name>
        <lei>N/A</lei>
        <title>FNCI 3.5 4/26</title>
        <cusip>01F032443</cusip>
        <identifiers>
          <isin value="US01F0324438"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>480898.45000000</valUSD>
        <pctVal>0.051965890348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BBCMS Mortgage Trust 2021-C11</name>
        <lei>N/A</lei>
        <title>BBCMS 2021-C11 A5</title>
        <cusip>05493MAF1</cusip>
        <identifiers>
          <isin value="US05493MAF14"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70730.92000000</valUSD>
        <pctVal>0.007643183780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.32200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RKTL 2026-1</name>
        <lei>N/A</lei>
        <title>RKTL 2026-1A B</title>
        <cusip>74990JAB1</cusip>
        <identifiers>
          <isin value="US74990JAB17"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99335.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.33000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICS</name>
        <lei>N/A</lei>
        <title>FNR 2013-67 KZ</title>
        <cusip>3136AFGA6</cusip>
        <identifiers>
          <isin value="US3136AFGA61"/>
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        <balance>274990.28500000</balance>
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        <curCd>USD</curCd>
        <valUSD>238431.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amazon.com Inc</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC</title>
        <cusip>023135BJ4</cusip>
        <identifiers>
          <isin value="US023135BJ40"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>243572.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SBNA Auto Receivables Trust 2024-A</name>
        <lei>N/A</lei>
        <title>SBAT 2024-A C</title>
        <cusip>78437PAF0</cusip>
        <identifiers>
          <isin value="US78437PAF09"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30406.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.59000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FM8480</title>
        <cusip>3140XCM62</cusip>
        <identifiers>
          <isin value="US3140XCM629"/>
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        <balance>53299.65480000</balance>
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        <curCd>USD</curCd>
        <valUSD>47493.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SD7414</title>
        <cusip>3132DVGX7</cusip>
        <identifiers>
          <isin value="US3132DVGX73"/>
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        <balance>983598.19820000</balance>
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        <curCd>USD</curCd>
        <valUSD>976408.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Foundry JV Holdco LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>FOUNDRY JV HOLDC</title>
        <cusip>350930AG8</cusip>
        <identifiers>
          <isin value="US350930AG89"/>
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        <name>Fannie Mae REMICS</name>
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        <name>Smurfit Kappa Treasury ULC</name>
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        <name>Cheniere Energy Partners LP</name>
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        <name>Enterprise Fleet Financing LLC</name>
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        <name>Carmax Auto Owner Trust 2025-3</name>
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        <title>CARMX 2025-3 C</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN BU3608</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SB8509</title>
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          <isin value="US3132D6N225"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup Inc</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CarMax Auto Owner Trust 2024-4</name>
        <lei>N/A</lei>
        <title>CARMX 2024-4 A4</title>
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          <isin value="US14290DAD30"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA9241</title>
        <cusip>36179YHS6</cusip>
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          <isin value="US36179YHS63"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FA0253</title>
        <cusip>3140W0H73</cusip>
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          <isin value="US3140W0H730"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Endo Finance Holdings LP</name>
        <lei>N/A</lei>
        <title>ENDO FINANCE</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Triodos Bank NV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 BY0784</title>
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          <isin value="US3617QG2R46"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Affirm Master Trust</name>
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        <title>AFRMT 2026-1A D</title>
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          <isin value="US00833BAX64"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Navient Refinance Loan Trust 2025-C</name>
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          <isin value="US638973AA57"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
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        <title>FN BV1912</title>
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          <isin value="US3140MFDS98"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dominican Republic International Bond</name>
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        <title>DOMINICAN REPUBL</title>
        <cusip>N/A</cusip>
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        <invCountry>DO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
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        <title>FN DG3225</title>
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          <isin value="US3140U6SP09"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust 2025-S2</name>
        <lei>N/A</lei>
        <title>SEMT 2025-S2 A1</title>
        <cusip>81748UAA8</cusip>
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          <isin value="US81748UAA88"/>
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        <balance>3581342.66000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-25</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DaVita Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Ukraine Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freedom Mortgage Holdings LLC</name>
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        <name>McAfee Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GM Financial Revolving Receivables Trust 2025-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gray Television Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <name>PMT Loan Trust 2026-CNF1</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae REMICS</name>
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        <name>Fedex Freight Holding Co Inc</name>
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        <name>World Omni Auto Receivables Trust 2026-A</name>
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        <name>Amgen Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Ally Auto Receivables Trust 2023-1</name>
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        <name>Chase Auto Owner Trust 2024-1</name>
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        <name>Freddie Mac Pool</name>
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        <name>Ginnie Mae II Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc</name>
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        <name>Enpro Inc</name>
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        <title>ENPRO INC</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Wynn Macau Ltd</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NOVA Chemicals Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>UBS Group AG</name>
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          <isin value="US902613BL18"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>355300.93000000</valUSD>
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        <invCountry>CH</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-13</maturityDt>
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      <invstOrSec>
        <name>Philip Morris International Inc</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS IN</title>
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          <isin value="US718172AP42"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Mars Inc</name>
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        <balance>606000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>611510.94000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
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        <cusip>31418D6L1</cusip>
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          <isin value="US31418D6L19"/>
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        <curCd>USD</curCd>
        <valUSD>592788.86000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <name>Fannie Mae or Freddie Mac</name>
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        <title>FNCI 4 4/26</title>
        <cusip>01F040446</cusip>
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          <isin value="US01F0404461"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>243867.20000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Oldenburgische Landesbank AG</name>
        <lei>5299008I0TO44SUINZ71</lei>
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        <cusip>N/A</cusip>
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        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-24</maturityDt>
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          <annualizedRt>8.50000000</annualizedRt>
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        <name>Spain Government Bond</name>
        <lei>N/A</lei>
        <title>SPANISH GOV'T</title>
        <cusip>N/A</cusip>
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        <balance>507000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-10-31</maturityDt>
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      <invstOrSec>
        <name>HPEFS Equipment Trust 2024-2</name>
        <lei>N/A</lei>
        <title>HPEFS 2024-2A C</title>
        <cusip>40444MAJ0</cusip>
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        <balance>100000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <cusip>38141EC31</cusip>
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          <isin value="US38141EC311"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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        <name>Ryder System Inc</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.30000000</annualizedRt>
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        <name>Air Canada</name>
        <lei>4B4HI3CGXMBDC0G6BM51</lei>
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        <invCountry>CA</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Sri Lanka Government International Bond</name>
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        <title>REP OF SRI LANKA</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Boeing Co/The</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BFLD Commercial Mortgage Trust 2025-5MW</name>
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        <title>BFLD 2025-5MW A</title>
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          <isin value="US088921AA90"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Chase Auto Owner Trust 2025-2</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GE HealthCare Technologies Inc</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>Honda Auto Receivables 2024-4 Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Allied Universal Holdco LLC / Allied Universal Finance Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>US Bank NA</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Capital Street Master Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ford Credit Auto Owner Trust/Ford Credit</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ukraine Government International Bond</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Nexstar Media Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commercial Metals Co</name>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Novartis Capital Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sabine Pass Liquefaction LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Auto Receivables Trust 2024-B</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Men's Wearhouse LLC/The</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CarMax Auto Owner Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cleveland-Cliffs Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Ford Credit Floorplan Master Owner Trust A</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Comcast Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>HPEFS Equipment Trust 2025-1</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Omnicom Group Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Progress Residential 2025-SFR3 Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Entergy Louisiana LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dayforce Bidco LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Slovakia Government Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Equinix Europe 2 Financing Corp LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Stellantis Financial Underwritten Enhanced Lease Trust 2025-B</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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          <isin value="US31418EW482"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-10-01</maturityDt>
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        <name>BAT Capital Corp</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>200 Park Funding Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Lamb Weston Holdings Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>American International Group Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bank</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ontario Gaming GTA LP/OTG Co-Issuer Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NCL Corp Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Charter Communications Operating LLC / Charter Communications Operating Capital</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Deutsche EuroShop AG</name>
        <lei>529900Y9QTEFHFEKQ736</lei>
        <title>DEUTSCHE EUROSHP</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Oman Government International Bond</name>
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        <name>Freddie Mac Pool</name>
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        <name>Rocket Software Inc</name>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <name>Chase Auto Owner Trust 2024-1</name>
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        <name>Hilton Domestic Operating Co Inc</name>
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        <name>Altria Group Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Hilton Domestic Operating Co Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BAT Capital Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HUB International Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Issuer: BB Company ID:71669135</name>
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        <name>N/A</name>
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        <name>Ginnie Mae II Pool</name>
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        <name>Israel Government International Bond</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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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Non Gold Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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          <isin value="US36179YDL56"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Westlake Automobile Receivables Trust 2026-1</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <title>FN DC9067</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group Inc/The</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WESCO Distribution Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mars Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kimco Realty OP LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Directv Financing LLC / Directv Financing Co-Obligor Inc</name>
        <lei>N/A</lei>
        <title>DIRECTV FIN/DTV</title>
        <cusip>25461LAD4</cusip>
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          <isin value="US25461LAD47"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91886.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Indonesia Government International Bond</name>
        <lei>N/A</lei>
        <title>INDONESIA (REP)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2280331898"/>
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        <balance>110000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.15585000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICA</title>
        <cusip>71654QDL3</cusip>
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          <isin value="US71654QDL32"/>
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        <balance>3036501.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3192294.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Freddie Mac Non Gold Pool</name>
        <lei>N/A</lei>
        <title>FH 8C1153</title>
        <cusip>3142BBH60</cusip>
        <identifiers>
          <isin value="US3142BBH607"/>
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        <balance>262011.19000000</balance>
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        <curCd>USD</curCd>
        <valUSD>264033.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.02500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cloud Software Group Inc</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>CLD SFTWR GRP IN</title>
        <cusip>18912UAA0</cusip>
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          <isin value="US18912UAA07"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188130.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ecopetrol SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>ECOPETROL SA</title>
        <cusip>279158AW9</cusip>
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          <isin value="US279158AW93"/>
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        <balance>309000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>312442.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CA7730</title>
        <cusip>3140QFSU4</cusip>
        <identifiers>
          <isin value="US3140QFSU44"/>
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        <balance>722134.67620000</balance>
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        <curCd>USD</curCd>
        <valUSD>618614.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust 2025-1</name>
        <lei>N/A</lei>
        <title>GMCAR 2025-1 B</title>
        <cusip>362955AF3</cusip>
        <identifiers>
          <isin value="US362955AF36"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10113.59000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hilton Domestic Operating Co Inc</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HILTON DOMESTIC</title>
        <cusip>432833AT8</cusip>
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          <isin value="US432833AT88"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73275.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CB2402</title>
        <cusip>3140QMU44</cusip>
        <identifiers>
          <isin value="US3140QMU443"/>
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        <balance>387646.24250000</balance>
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        <curCd>USD</curCd>
        <valUSD>327715.20000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Belron Finance 2019 LLC</name>
        <lei>N/A</lei>
        <title>BELRON FINANCE 2</title>
        <cusip>08078UAQ6</cusip>
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          <isin value="US08078UAQ67"/>
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        <balance>49252.24500000</balance>
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        <curCd>USD</curCd>
        <valUSD>49178.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-16</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SD8436</title>
        <cusip>3132DWLR2</cusip>
        <identifiers>
          <isin value="US3132DWLR24"/>
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        <balance>252640.76830000</balance>
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        <curCd>USD</curCd>
        <valUSD>243952.05000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Garda World Security Corp</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>GARDA SECURITY</title>
        <cusip>36485MAM1</cusip>
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          <isin value="US36485MAM10"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>173145.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Charter Communications Operating LLC / Charter Communications Operating Capital</name>
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        <title>CHARTER COMM OPT</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Elmwood CLO 21 Ltd</name>
        <lei>N/A</lei>
        <title>ELM21 2022-8A BR2</title>
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          <isin value="US289907AY37"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA7988</title>
        <cusip>36179W2V9</cusip>
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          <isin value="US36179W2V97"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-04-20</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Amgen Inc</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC</title>
        <cusip>031162DY3</cusip>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>580396.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WP Carey Inc</name>
        <lei>54930042CRNE713E3Q67</lei>
        <title>WP CAREY INC</title>
        <cusip>N/A</cusip>
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          <isin value="XS3297733704"/>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UnitedHealth Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GRP</title>
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          <isin value="US91324PET57"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99885.35000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UnitedHealth Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GRP</title>
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          <isin value="US91324PFQ00"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>153018.91000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA8646</title>
        <cusip>36179XTB2</cusip>
        <identifiers>
          <isin value="US36179XTB28"/>
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        <balance>387352.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>376268.93000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>OneMain Finance Corp</name>
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        <title>ONEMAIN FINANCE</title>
        <cusip>682691AM2</cusip>
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          <isin value="US682691AM29"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>66978.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>FREE MTGE HOLD</title>
        <cusip>35641AAC2</cusip>
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          <isin value="US35641AAC27"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39380.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Energizer Holdings Inc</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>ENERGIZER HLDGS</title>
        <cusip>29272WAC3</cusip>
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          <isin value="US29272WAC38"/>
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        <balance>168000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165413.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Heritage Auto Receivables Trust 2024-1</name>
        <lei>N/A</lei>
        <title>AHART 2024-1A A4</title>
        <cusip>026944AD0</cusip>
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          <isin value="US026944AD09"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100463.12000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.07000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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        <cusip>694308LA3</cusip>
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          <isin value="US694308LA38"/>
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        <balance>510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>497184.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PACIFIC GAS&amp;ELEC</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN MA5353</title>
        <cusip>31418E5P1</cusip>
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          <isin value="US31418E5P14"/>
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        <balance>479572.77400000</balance>
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        <curCd>USD</curCd>
        <valUSD>482496.35000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
        <lei>N/A</lei>
        <title>FR SD7543</title>
        <cusip>3132DVLY9</cusip>
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          <isin value="US3132DVLY91"/>
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        <balance>1499991.54000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Transocean International Ltd</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>TRANSOCEAN LTD</title>
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        <balance>42000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae or Freddie Mac</name>
        <lei>N/A</lei>
        <title>FNCL 3.5 4/26</title>
        <cusip>01F032641</cusip>
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          <isin value="US01F0326417"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae or Freddie Mac</name>
        <lei>N/A</lei>
        <title>FNCL 5 4/26</title>
        <cusip>01F050643</cusip>
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          <isin value="US01F0506430"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kraft Heinz Foods Co</name>
        <lei>5493003STKEZ2S0RNU91</lei>
        <title>KRAFT HEINZ FOOD</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA8490</title>
        <cusip>36179XNF9</cusip>
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          <isin value="US36179XNF95"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Builders FirstSource Inc</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BUILDERS FIRSTSO</title>
        <cusip>12008RAS6</cusip>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94154.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
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        <name>T-Mobile USA Inc</name>
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        <name>Securitized Term Auto Receivables Trust</name>
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        <name>Sri Lanka Government International Bond</name>
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        <name>Affirm Master Trust Series 2025-3</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westlake Flooring Master Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Truist Financial Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Organon &amp; Co / Organon Foreign Debt Co-Issuer BV</name>
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          <isin value="US68622FAA93"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CC1295</title>
        <cusip>3140Y7NM6</cusip>
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          <isin value="US3140Y7NM65"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ghana Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Carlyle Group Inc/The</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>VZ Secured Financing BV</name>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SFS Auto Receivables Securitization Trust 2026-1</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Newell Brands Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SW Finance I PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GM Financial Revolving Receivables Trust 2025-1</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICS</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Petroliam Nasional Bhd</name>
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        <name>Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC</name>
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        <name>GLS Auto Select Receivables Issuer Trust 2026-1</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jordan Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Public Service Enterprise Group Inc</name>
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          <isin value="US744573AY26"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TK Elevator US Newco Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Affirm Master Trust</name>
        <lei>N/A</lei>
        <title>AFRMT 2026-1A A</title>
        <cusip>00833BAU2</cusip>
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          <isin value="US00833BAU26"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BorgWarner Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bombardier Inc</name>
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        <invCountry>CA</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Bank Auto Credit-Linked Notes Series 2025-1</name>
        <lei>N/A</lei>
        <title>TACLN 2025-1 B</title>
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          <isin value="US897926CB54"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Canadian Pacific Railway Co</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PMT Loan Trust 2024-INV2</name>
        <lei>N/A</lei>
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        <cusip>73015CAA1</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Newell Brands Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GCAT 2022-INV3 Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Brixmor Operating Partnership LP</name>
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        <title>BRIXMOR OPERATIN</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <title>FR SD4498</title>
        <cusip>3132E07K2</cusip>
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          <isin value="US3132E07K26"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <title>FR SD0469</title>
        <cusip>3132DMQW8</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Prudential Financial Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Medline Borrower LP/Medline Co-Issuer Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SIEMENS FUNDING BV</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Wuestenrot &amp; Wuerttembergische AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Province of Manitoba Canada</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Progress Residential Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lowe's Cos Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenet Healthcare Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CompoSecure Holdings LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Wynn Macau Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Verizon Master Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>OAK-Eagle Acquireco Inc</name>
        <lei>6488ICS9P20290MA1H31</lei>
        <title>OAK-EAGLE ACQUIR</title>
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          <ticker value="EA"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cardinal Health Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>WESCO Distribution Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Mexico Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FM7031</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Fannie Mae Pool</name>
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        <title>FN FA3847</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Beach Acquisition Bidco LLC</name>
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        <title>BEACH ACQUISITIO</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Imperial Brands Finance PLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BBCMS Mortgage Trust 2021-C9</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Global Atlantic Fin Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OCP SA</name>
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        <invCountry>MA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PMT Loan Trust 2025-CNF2</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Studio City Co Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Canadian Pacific Railway Co</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Alphabet Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Romanian Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>LAD Auto Receivables Trust 2024-2</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NCL Corp Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NiSource Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ares Capital Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Magnera Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</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>Energy Transfer LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PMT Loan Trust 2026-INV1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Carmax Auto Owner Trust 2025-1</name>
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        <name>Southern California Edison Co</name>
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        <name>Cipher Compute LLC</name>
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        <name>Fannie Mae REMICS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Connecticut Avenue Securities Trust 2025-R03</name>
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        <name>Mitsubishi UFJ Financial Group Inc</name>
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        <name>Fannie Mae Pool</name>
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        <name>Workday Inc</name>
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        <name>Freddie Mac - STACR</name>
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        <name>ZF North America Capital Inc</name>
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        <name>Venture Global LNG Inc</name>
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        <name>Post Holdings Inc</name>
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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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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</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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        <fairValLevel>2</fairValLevel>
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        <name>Ukraine Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>HSBC Holdings PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Hellenic Republic Government Bond</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Hellenic Republic Government Bond</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Vistra Operations Co LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Dominican Republic International Bond</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BAT Capital Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Nissan Motor Acceptance Co LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Concord Music Royalties LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>LifePoint Health Inc</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SM Energy Co</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <balance>20000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DaVita Inc</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DAVITA INC</title>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82072.05000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verizon Master Trust Series 2024-5</name>
        <lei>N/A</lei>
        <title>VZMT 2024-5 B</title>
        <cusip>92348KDC4</cusip>
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          <isin value="US92348KDC45"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>132898.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Paychex Inc</name>
        <lei>529900K900DW6SUBM174</lei>
        <title>PAYCHEX INC</title>
        <cusip>704326AB3</cusip>
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          <isin value="US704326AB35"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160828.89000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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      <invstOrSec>
        <name>Santander UK Group Holdings PLC</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>SANTANDER UK GRP</title>
        <cusip>80281LAX3</cusip>
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          <isin value="US80281LAX38"/>
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        <balance>404000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400241.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.32000000</annualizedRt>
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      <invstOrSec>
        <name>LAD Auto Receivables Trust 2026-1</name>
        <lei>N/A</lei>
        <title>LADAR 2026-1A C</title>
        <cusip>505708AF4</cusip>
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          <isin value="US505708AF48"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79112.64000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Athora Holding Ltd</name>
        <lei>98450059DQ10TFC4B020</lei>
        <title>ATHORA HOLDING L</title>
        <cusip>N/A</cusip>
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          <isin value="XS2628821790"/>
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        <balance>900000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 DE6391</title>
        <cusip>3618JCC49</cusip>
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          <isin value="US3618JCC491"/>
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        <balance>213529.33500000</balance>
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        <curCd>USD</curCd>
        <valUSD>219473.09000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rowe CLO 2026-1 Ltd</name>
        <lei>N/A</lei>
        <title>ROWE 2026-1A A1</title>
        <cusip>779520AA3</cusip>
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          <isin value="US779520AA32"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220000.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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          <maturityDt>2039-04-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>TK Elevator US Newco Inc</name>
        <lei>549300C2AFWPAYWS5574</lei>
        <title>TK ELEVATOR US</title>
        <cusip>N/A</cusip>
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          <isin value="XAD9000BAK89"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20020.80000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.41770000</annualizedRt>
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      <invstOrSec>
        <name>Affirm Asset Securitization Trust 2025-X2</name>
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        <title>AFFRM 2025-X2 C</title>
        <cusip>00835DAC6</cusip>
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          <isin value="US00835DAC65"/>
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        <balance>100000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Univision Communications Inc</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UNIVISION COMM</title>
        <cusip>914906AV4</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FS7116</title>
        <cusip>3140XN4A9</cusip>
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          <isin value="US3140XN4A97"/>
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        <curCd>USD</curCd>
        <valUSD>180691.39000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Benchmark 2018-B1 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMARK 2018-B1 A5</title>
        <cusip>08162PAX9</cusip>
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          <isin value="US08162PAX96"/>
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        <balance>220000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.66600000</annualizedRt>
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      <invstOrSec>
        <name>AMSR 2026-SFR1 Trust</name>
        <lei>N/A</lei>
        <title>AMSR 2026-SFR1 A</title>
        <cusip>66982GAA5</cusip>
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          <isin value="US66982GAA58"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93895.15000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.77500000</annualizedRt>
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      <invstOrSec>
        <name>Smurfit Kappa Treasury ULC</name>
        <lei>635400B3DOXSWFOWJT40</lei>
        <title>SMURFIT KAPPA</title>
        <cusip>83272GAE1</cusip>
        <identifiers>
          <isin value="US83272GAE17"/>
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        <balance>835000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>845894.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-03</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BMO 2023-C7 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMO 2023-C7 A5</title>
        <cusip>05593FAD0</cusip>
        <identifiers>
          <isin value="US05593FAD06"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>370724.06000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.16000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Beth Israel Lahey Health Inc</name>
        <lei>549300QPZ5W3279DU141</lei>
        <title>BETH ISRAEL LAHE</title>
        <cusip>08661UAB2</cusip>
        <identifiers>
          <isin value="US08661UAB26"/>
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        <balance>240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>156023.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.08000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Costa Rica Government International Bond</name>
        <lei>N/A</lei>
        <title>COSTA RICA GOVT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP3699PGJ05"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>532461.16000000</valUSD>
        <pctVal>0.057537757203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.15800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp</name>
        <lei>N/A</lei>
        <title>TALLGRASS NRG</title>
        <cusip>87470LAJ0</cusip>
        <identifiers>
          <isin value="US87470LAJ08"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44703.21000000</valUSD>
        <pctVal>0.004830629229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Amcor UK Finance PLC</name>
        <lei>549300DEUV6BE727FP17</lei>
        <title>AMCOR UK FINANCE</title>
        <cusip>0234EVAD3</cusip>
        <identifiers>
          <isin value="XS3229091015"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="1.15585000"/>
        <valUSD>223215.28000000</valUSD>
        <pctVal>0.024120644940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>British American Tobacco PLC</name>
        <lei>213800FKA5MF17RJKT63</lei>
        <title>BRIT AMER TOBACC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3216167638"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="1.15585000"/>
        <valUSD>225497.94000000</valUSD>
        <pctVal>0.024367309197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2079-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CA5544</title>
        <cusip>3140QDES9</cusip>
        <identifiers>
          <isin value="US3140QDES95"/>
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        <balance>248997.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>224440.11000000</valUSD>
        <pctVal>0.024253000079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 3274</title>
        <cusip>36202DT76</cusip>
        <identifiers>
          <isin value="US36202DT764"/>
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        <balance>56.25500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58.44000000</valUSD>
        <pctVal>0.000006315026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SERVICE PROP</title>
        <cusip>81761LAF9</cusip>
        <identifiers>
          <isin value="US81761LAF94"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31911.25000000</valUSD>
        <pctVal>0.003448329929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SFS Auto Receivables Securitization Trust 2024-3</name>
        <lei>N/A</lei>
        <title>SFAST 2024-3A B</title>
        <cusip>78436XAE7</cusip>
        <identifiers>
          <isin value="US78436XAE76"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60282.21000000</valUSD>
        <pctVal>0.006514096094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.76000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN MA3385</title>
        <cusip>31418CXP4</cusip>
        <identifiers>
          <isin value="US31418CXP49"/>
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        <balance>317231.15500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>309989.05000000</valUSD>
        <pctVal>0.033497419219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE</title>
        <cusip>46625HHF0</cusip>
        <identifiers>
          <isin value="US46625HHF01"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>219876.97000000</valUSD>
        <pctVal>0.023759907134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
        <lei>N/A</lei>
        <title>G2 MA7590</title>
        <cusip>36179WNF1</cusip>
        <identifiers>
          <isin value="US36179WNF13"/>
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        <balance>866283.06620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>773330.46000000</valUSD>
        <pctVal>0.083566095685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Amphenol Corp</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>AMPHENOL CORP</title>
        <cusip>032095BB6</cusip>
        <identifiers>
          <isin value="US032095BB62"/>
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        <balance>151000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>141741.50000000</valUSD>
        <pctVal>0.015316587622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Paraguay Government International Bond</name>
        <lei>N/A</lei>
        <title>PARAGUAY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP75744AM75"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205935.40000000</valUSD>
        <pctVal>0.022253380969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Opal US LLC</name>
        <lei>N/A</lei>
        <title>OPAL US LLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XAF7000QAC50"/>
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        <balance>159700.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159566.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.69370000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN CB3240</title>
        <cusip>3140QNS60</cusip>
        <identifiers>
          <isin value="US3140QNS601"/>
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        <balance>246025.17060000</balance>
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        <curCd>USD</curCd>
        <valUSD>219531.16000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC HOLDINGS LLC</title>
        <cusip>126307BF3</cusip>
        <identifiers>
          <isin value="US126307BF39"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44041.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICA</title>
        <cusip>71654QCP5</cusip>
        <identifiers>
          <isin value="US71654QCP54"/>
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        <balance>1447000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1449774.91000000</valUSD>
        <pctVal>0.156662688356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC</title>
        <cusip>172967PZ8</cusip>
        <identifiers>
          <isin value="US172967PZ83"/>
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        <balance>3040000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3044635.68000000</valUSD>
        <pctVal>0.329003355903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Compass Datacenters Issuer III LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stellantis NV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>US Foods Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GM Financial Consumer Automobile Receivables Trust 2024-4</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Boeing Co/The</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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          <isin value="US3622AC4M91"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BBCMS Mortgage Trust 2024-C28</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SBA Communications Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US Bancorp</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>Fannie Mae Pool</name>
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        <name>Salesforce Inc</name>
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        <name>Energy Transfer LP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <title>FR SB1625</title>
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        <invCountry>US</invCountry>
        
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Bank NA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Carmax Auto Owner Trust 2024-3</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Hess Midstream Operations LP</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Intel Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
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          <isin value="US3140W0AA32"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ginnie Mae II Pool</name>
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        <title>G2 MA7472</title>
        <cusip>36179WJR0</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Goodyear Tire &amp; Rubber Co/The</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Truist Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Univision Communications Inc</name>
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        <name>Flagstar Mortgage Trust 2021-12</name>
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        <name>PMT Loan Trust 2024-INV1</name>
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        <name>FirstEnergy Transmission LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldentree Loan Management US Clo 28 Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Occidental Petroleum Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Wellington Management CLO 1 Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Progress Residential 2025-SFR3 Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cleveland-Cliffs Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Hewlett Packard Enterprise Co</name>
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        <title>HP ENTERPRISE</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BBCMS Mortgage Trust 2024-5C29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sabey Data Center Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Novelis Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <title>FN FS9732</title>
        <cusip>3140XRY66</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Corebridge Financial Inc</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>COREBRIDGE FIN</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.65000000</annualizedRt>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Jersey Mike's Funding</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SIX FLAGS ENT/SIX FLAG</name>
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        <title>SIX FLAGS ENT</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CSC Holdings LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>1011778 BC ULC / New Red Finance Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Enbridge Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jordan Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Progressive Corp/The</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Credit Co LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>XHR LP</name>
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        <name>United States Treasury Bill</name>
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        <name>Rogers Communications Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clarios Global LP / Clarios US Finance Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <name>Morgan Stanley</name>
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        <name>Morgan Stanley</name>
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        <name>Connecticut Avenue Securities Trust 2025-R02</name>
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        <name>M&amp;T Bank Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indonesia Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Commercial Mortgage Trust 2019-C7</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bank of Cyprus Holdings PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Volksbank Wien AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>California Resources Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICS</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Non Gold Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Beach Acquisition Bidco LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Elevance Health Inc</name>
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        <title>ELEVANCE HEALTH</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyota Auto Receivables 2024-D Owner Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Verizon Master Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Verizon Master Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Fedex Freight Holding Co Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jersey Mike's Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jersey Central Power &amp; Light Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ball Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>AbbVie Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Discovery Global Holdings Inc</name>
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          <isin value="US55903VBQ59"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
        <lei>N/A</lei>
        <title>FN FA4070</title>
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          <isin value="US3140W4QY65"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings LLC / CCO Holdings Capital Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <title>FN FA3263</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Petronas Capital Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Rocket Software Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TransDigm Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bermuda Government International Bond</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BX Trust 2025-ARIA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Flatiron CLO 24 LTD</name>
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        <name>Foundry JV Holdco LLC</name>
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        <name>SM Energy Co</name>
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        <name>National Australia Bank Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Endo Finance Holdings LP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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          <isin value="US3132DWC270"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Orange SA</name>
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        <title>ORANGE</title>
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        <curCd>USD</curCd>
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        <invCountry>FR</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Egypt Government International Bond</name>
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        <cusip>N/A</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Olympus Water US Holding Corp</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Owens-Brockway Glass Container Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ginnie Mae II Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <title>FN FS5628</title>
        <cusip>3140XMHE9</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>First National Master Note Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Sequoia Mortgage Trust 2024-INV1</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Wendy's Funding LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <title>FR QE0399</title>
        <cusip>3133B9NQ3</cusip>
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          <isin value="US3133B9NQ39"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cox Communications Inc</name>
        <lei>5493001NEDZNIFRP2R92</lei>
        <title>COX COMMUN INC</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Comcast Corp</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Central Parent Inc / CDK Global Inc</name>
        <lei>N/A</lei>
        <title>CENTRAL PAR/CDK</title>
        <cusip>15477CAA3</cusip>
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        <balance>85000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GLS Auto Receivables Issuer Trust 2025-4</name>
        <lei>N/A</lei>
        <title>GCAR 2025-4A B</title>
        <cusip>36273HAG1</cusip>
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          <isin value="US36273HAG11"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150104.01000000</valUSD>
        <pctVal>0.016220240519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.53000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD/ZAR FWD 20260617</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="USD"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>32391.11000000</valUSD>
        <pctVal>0.003500183605</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BANK OF AMERICA, N.A.</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <amtCurSold>22351515.96000000</amtCurSold>
            <curSold>ZAR</curSold>
            <amtCurPur>1345627.34000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-06-17</settlementDt>
            <unrealizedAppr>32391.11000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-28</ncom:dateSigned>
      <ncom:nameOfApplicant>VANGUARD MALVERN FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Ashley Grim</ncom:signature>
      <ncom:signerName>Ashley Grim</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
