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        <fairValLevel>2</fairValLevel>
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        <name>American Tower Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>APA Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Apidos Clo XXXIX Ltd / Apidos Clo XXXIX LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Apollo Debt Solutions BDC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ares Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARES LVII CLO LTD</name>
        <lei>N/A</lei>
        <title>ARES CLO LTD ARES 2020 57A A1R2 144A</title>
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          <isin value="US04017NBA90"/>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
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          <ticker value="SANTAN"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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          <ticker value="BAC"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP JR SUBORDINA 12/99 VAR</title>
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          <ticker value="BAC"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC SR UNSECURED 02/37 VAR</title>
        <cusip>06738EDK8</cusip>
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          <ticker value="BACR"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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          <ticker value="ET"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP SR UNSECURED 04/35 5.7</title>
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          <ticker value="ET"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP SR UNSECURED 01/56 6.3</title>
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          <ticker value="ET"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Entergy Corporation</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>ENTERGY CORP JR SUBORDINA 06/56 VAR</title>
        <cusip>29364GAS2</cusip>
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          <ticker value="ETR"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MBS ETF ISHARES MBS ETF</title>
        <cusip>464288588</cusip>
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          <ticker value="MBB"/>
          <other otherDesc="SEDOL" value="B1VKHR1"/>
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        <curCd>USD</curCd>
        <valUSD>47087983.8000000000</valUSD>
        <pctVal>3.2884640987</pctVal>
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        <name>VOYA CLO 2023-1 LTD</name>
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        <name>Willis North America Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cargill Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARLYLE US CLO 2025-7 LTD</name>
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          <ticker value="CGMS"/>
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        <curCd>USD</curCd>
        <valUSD>7969662.0000000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Cayuga Park Clo Ltd / Llc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chevron Phillips Chemical Company, LLC</name>
        <lei>N/A</lei>
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          <isin value="US166754AX99"/>
          <ticker value="CPCHEM"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC JR SUBORDINA 12/99 VAR</title>
        <cusip>172967QK0</cusip>
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          <isin value="US172967QK06"/>
          <ticker value="C"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC SR UNSECURED 09/30 VAR</title>
        <cusip>17327CAT0</cusip>
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          <isin value="US17327CAT09"/>
          <ticker value="C"/>
          <other otherDesc="SEDOL" value="BS6RJ81"/>
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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>2030-09-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5420000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fifth Third Bank National Association Cincinnati Ohio</name>
        <lei>QFROUN1UWUYU0DVIWD51</lei>
        <title>COMERICA BANK SUBORDINATED 08/33 VAR</title>
        <cusip>200339EX3</cusip>
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          <isin value="US200339EX39"/>
          <ticker value="FITB"/>
          <other otherDesc="SEDOL" value="BNLXR74"/>
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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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      <invstOrSec>
        <name>Continental Resources, Inc.</name>
        <lei>XXRTID9RYWOZ0UPIVR53</lei>
        <title>CONTINENTAL RESOURCES COMPANY GUAR 144A 01/31 5.75</title>
        <cusip>212015AT8</cusip>
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          <ticker value="CLR"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Corporacion Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>CODELCO INC SR UNSECURED 144A 01/35 6.33</title>
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          <ticker value="CDEL"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cousins Properties LP</name>
        <lei>254900ZQIHJ5FQH4C329</lei>
        <title>COUSINS PROPERTIES LP COMPANY GUAR 03/33 4.875</title>
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          <ticker value="CUZ"/>
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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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        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>DOMINION ENERGY INC JR SUBORDINA 02/56 VAR</title>
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          <ticker value="D"/>
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        <fairValLevel>2</fairValLevel>
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        <name>DRYDEN SENIOR LOAN FUND DRSLF 2025 120A A1 144A</name>
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        <title>DRYDEN SENIOR LOAN FUND DRSLF 2025 120A A1 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Private Credit Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Private Credit Corp.</name>
        <lei>549300TD27G6372IYJ65</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HPS Loan Management 15-2019 LLC</name>
        <lei>N/A</lei>
        <title>HPS LOAN MANAGEMENT HLM 2019 15A A1R2 144A</title>
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          <isin value="US40439DBA54"/>
          <ticker value="HLM"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HPS Corporate Lending Fund</name>
        <lei>549300ZS7IHUA6FKFV61</lei>
        <title>HPS CORPORATE LENDING FU SR UNSECURED 144A 04/29 5.15</title>
        <cusip>40440VAU9</cusip>
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          <isin value="US40440VAU98"/>
          <ticker value="HLEND"/>
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        <curCd>USD</curCd>
        <valUSD>1943298.9200000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NMEF FUNDING LLC 2024-A</name>
        <lei>N/A</lei>
        <title>NMEF FUNDING LLC NMEF 2024 A A2 144A</title>
        <cusip>62919UAB9</cusip>
        <identifiers>
          <isin value="US62919UAB98"/>
          <ticker value="NMEF"/>
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        <curCd>USD</curCd>
        <valUSD>475782.2900000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.1500000000</annualizedRt>
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      <invstOrSec>
        <name>NTT Finance Corp</name>
        <lei>3538007PR116187GD960</lei>
        <title>NTT FINANCE CORP SR UNSECURED 144A 07/35 5.502</title>
        <cusip>62954WAV7</cusip>
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          <isin value="US62954WAV72"/>
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          <other otherDesc="SEDOL" value="BV5PKZ1"/>
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        <curCd>USD</curCd>
        <valUSD>1764759.5900000000</valUSD>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Nationwide Building Society</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>NATIONWIDE BLDG SOCIETY SUBORDINATED 144A 09/26 4</title>
        <cusip>63859WAE9</cusip>
        <identifiers>
          <isin value="US63859WAE93"/>
          <ticker value="NWIDE"/>
          <other otherDesc="SEDOL" value="BD3RRP2"/>
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        <curCd>USD</curCd>
        <valUSD>1295480.2000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OHA CREDIT FUNDING 16-R LTD</name>
        <lei>N/A</lei>
        <title>OAK HILL CREDIT OAKC 2023 16RA A1 144A</title>
        <cusip>67122KAC1</cusip>
        <identifiers>
          <isin value="US67122KAC18"/>
          <ticker value="OAKC"/>
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        <balance>8000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7991626.1600000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.8676300000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Equinix, Inc.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>EQUINIX INC SR UNSECURED 11/29 3.2</title>
        <cusip>29444UBE5</cusip>
        <identifiers>
          <isin value="US29444UBE55"/>
          <ticker value="EQIX"/>
          <other otherDesc="SEDOL" value="BKC9V23"/>
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        <balance>1689000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1608084.4500000000</valUSD>
        <pctVal>0.1123031303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.2000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META PLATFORMS INC SR UNSECURED 11/55 5.625</title>
        <cusip>30303MAE2</cusip>
        <identifiers>
          <isin value="US30303MAE21"/>
          <ticker value="META"/>
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        <balance>1000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>937390.3700000000</valUSD>
        <pctVal>0.0654641446</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>5.6250000000</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>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FIFTH THIRD BANCORP SR UNSECURED 04/32 VAR</title>
        <cusip>316773DN7</cusip>
        <identifiers>
          <isin value="US316773DN70"/>
          <ticker value="FITB"/>
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        <balance>1000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>980250.5900000000</valUSD>
        <pctVal>0.0684573561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5660000000</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>First Citizens BancShares Inc (Delaware)</name>
        <lei>549300N3Z00ZHE2XC526</lei>
        <title>FIRST CITIZENS BANCSHARE JR SUBORDINA 12/99 VAR</title>
        <cusip>31959XAG8</cusip>
        <identifiers>
          <isin value="US31959XAG88"/>
          <ticker value="FCNCA"/>
          <other otherDesc="SEDOL" value="BVMVXH5"/>
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        <balance>3000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3002871.0000000000</valUSD>
        <pctVal>0.2097102632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.0000000000</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>First Citizens BancShares Inc (Delaware)</name>
        <lei>549300N3Z00ZHE2XC526</lei>
        <title>FIRST CITIZENS BANCSHARE SUBORDINATED 09/35 VAR</title>
        <cusip>319626AA5</cusip>
        <identifiers>
          <isin value="US319626AA55"/>
          <ticker value="FCNCA"/>
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        <balance>4000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3909498.7600000000</valUSD>
        <pctVal>0.2730260521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6000000000</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>Salesforce Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>SALESFORCE INC SR UNSECURED 03/36 5.55</title>
        <cusip>79466LAU8</cusip>
        <identifiers>
          <isin value="US79466LAU89"/>
          <ticker value="CRM"/>
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        <balance>892000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>889225.3300000000</valUSD>
        <pctVal>0.0621004625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5500000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Santander UK Group Holdings PLC</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>SANTANDER UK GROUP HLDGS SR UNSECURED 01/28 VAR</title>
        <cusip>80281LAR6</cusip>
        <identifiers>
          <isin value="US80281LAR69"/>
          <ticker value="SANUK"/>
          <other otherDesc="SEDOL" value="BLGSHG9"/>
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        <balance>1374000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1351396.4500000000</valUSD>
        <pctVal>0.0943769164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.4690000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Santander Holdings USA Inc.</name>
        <lei>549300SMVCQN2P0O6I58</lei>
        <title>SANTANDER HOLDINGS USA SR UNSECURED 01/28 VAR</title>
        <cusip>80282KBC9</cusip>
        <identifiers>
          <isin value="US80282KBC99"/>
          <ticker value="SANUSA"/>
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        <balance>1000000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>983061.3400000000</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>2.4900000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Charles Schwab Corporation</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>CHARLES SCHWAB CORP SR UNSECURED 11/36 VAR</title>
        <cusip>808513CL7</cusip>
        <identifiers>
          <isin value="US808513CL74"/>
          <ticker value="SCHW"/>
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        <balance>750000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>729010.6300000000</valUSD>
        <pctVal>0.0509116146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.9140000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sixth Street Lending Partners</name>
        <lei>549300S9P1HMDERGCR64</lei>
        <title>SIXTH STREET LENDING PAR SR UNSECURED 07/30 6.125</title>
        <cusip>829932AF9</cusip>
        <identifiers>
          <isin value="US829932AF99"/>
          <ticker value="SIXSLP"/>
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        <balance>1500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1491211.8300000000</valUSD>
        <pctVal>0.1041411454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.1250000000</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>Societe Generale S.A.</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCIETE GENERALE SR UNSECURED 144A 01/28 VAR</title>
        <cusip>83368RBV3</cusip>
        <identifiers>
          <isin value="US83368RBV33"/>
          <ticker value="SOCGEN"/>
          <other otherDesc="SEDOL" value="BP2RDR1"/>
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        <balance>1196000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1203961.8000000000</valUSD>
        <pctVal>0.0840805835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5190000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Synovus Bank Columbus GA</name>
        <lei>N/A</lei>
        <title>SYNOVUS BANK GA SUBORDINATED 01/36 VAR</title>
        <cusip>87164DXY1</cusip>
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          <isin value="US87164DXY11"/>
          <ticker value="SNV"/>
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        <balance>2000000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1980714.0000000000</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>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.9570000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Synchrony Financial</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>SYNCHRONY FINANCIAL SR UNSECURED 07/36 VAR</title>
        <cusip>87165BAY9</cusip>
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          <isin value="US87165BAY92"/>
          <ticker value="SYF"/>
          <other otherDesc="SEDOL" value="BVRTP34"/>
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        <balance>2000000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1972646.0600000000</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>6.0000000000</annualizedRt>
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      <invstOrSec>
        <name>Carlyle Secured Lending Inc</name>
        <lei>5493003POT0JT6WD1D83</lei>
        <title>CARLYLE SECURED LENDING SR UNSECURED 02/30 6.75</title>
        <cusip>872280AA0</cusip>
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          <isin value="US872280AA01"/>
          <ticker value="CGBD"/>
          <other otherDesc="SEDOL" value="BT25S56"/>
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        <balance>1000000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>990804.0600000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TCW CLO 2025-2 LTD</name>
        <lei>N/A</lei>
        <title>TCW LTD TCW 2025 2A A 144A</title>
        <cusip>872395AC2</cusip>
        <identifiers>
          <isin value="US872395AC27"/>
          <ticker value="TCW"/>
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        <balance>8000000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7987100.0000000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.9184700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO DOMINION BANK JR SUBORDINA 10/85 VAR</title>
        <cusip>89116C4H7</cusip>
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          <isin value="US89116C4H77"/>
          <ticker value="TD"/>
          <other otherDesc="SEDOL" value="BTZP091"/>
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        <balance>1000000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>983883.4000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2085-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.3500000000</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>TRINITAS CLO XXXVII LTD</name>
        <lei>254900WMOQBUJPZCJS73</lei>
        <title>TRINITAS CLO LTD TRNTS 2025 37A A1 144A</title>
        <cusip>89643RAA4</cusip>
        <identifiers>
          <isin value="US89643RAA41"/>
          <ticker value="TRNTS"/>
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        <balance>8000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7969175.0400000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.8929300000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Truist Bank (North Carolina)</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
        <title>TRUIST BANK SR UNSECURED 07/28 VAR</title>
        <cusip>89788JAF6</cusip>
        <identifiers>
          <isin value="US89788JAF66"/>
          <ticker value="TFC"/>
          <other otherDesc="SEDOL" value="BSML6X1"/>
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        <balance>2750000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2749856.5900000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.4200000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 02/52 2.25</title>
        <cusip>912810TD0</cusip>
        <identifiers>
          <isin value="US912810TD00"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BM96PW9"/>
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        <balance>14868400.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8960534.1900000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.2500000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Abiomed Inc</name>
        <lei>5493001EZN4ZTB4Z5887</lei>
        <title>CONTRA ABIOMED INC COMMON STOCK</title>
        <cusip>003CVR016</cusip>
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          <isin value="US003CVR0169"/>
          <ticker value="222363"/>
          <other otherDesc="ASSET ID" value="003CVR016"/>
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        <balance>4357.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4444.1400000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Invesco QQQ Trust, Series 1</name>
        <lei>549300VY6FEJBCIMET58</lei>
        <title>INVESCO QQQ TRUST SERIES 1 INVESCO QQQ TRUST SERIES 1</title>
        <cusip>46090E103</cusip>
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          <isin value="US46090E1038"/>
          <ticker value="QQQ"/>
          <other otherDesc="SEDOL" value="BDQYP67"/>
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        <curCd>USD</curCd>
        <valUSD>28874006.6800000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES CORE S+P TOTAL U.S. ST ISHARES CORE S+P TOTAL U.S.</title>
        <cusip>464287150</cusip>
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          <isin value="US4642871507"/>
          <ticker value="ITOT"/>
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        <curCd>USD</curCd>
        <valUSD>82182110.0000000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES CORE S+P 500 ETF ISHARES CORE S+P 500 ETF</title>
        <cusip>464287200</cusip>
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          <isin value="US4642872000"/>
          <ticker value="IVV"/>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 05/42 3.25</title>
        <cusip>912810TH1</cusip>
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          <isin value="US912810TH14"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BMDPZG6"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 11/42 4</title>
        <cusip>912810TM0</cusip>
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          <isin value="US912810TM09"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BL56GP6"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 05/43 3.875</title>
        <cusip>912810TS7</cusip>
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          <isin value="US912810TS78"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BLB3TM9"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 08/43 4.375</title>
        <cusip>912810TU2</cusip>
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          <isin value="US912810TU25"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BQC4SL8"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Flowserve Corporation</name>
        <lei>6Y0GK87T6V7NJKZJVM41</lei>
        <title>FLOWSERVE CORPORATION SR UNSECURED 01/32 2.8</title>
        <cusip>34355JAB4</cusip>
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          <isin value="US34355JAB44"/>
          <ticker value="FLS"/>
          <other otherDesc="SEDOL" value="BNTFNY1"/>
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        <balance>1001000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>883593.2600000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.8000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Ford Motor Company</name>
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        <name>Goldman Sachs Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HPS Corporate Lending Fund</name>
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        <name>Imperial Brands Finance Plc</name>
        <lei>2138008L3B3MCG1DFS50</lei>
        <title>IMPERIAL BRANDS FIN PLC COMPANY GUAR 144A 07/35 5.625</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ING Groep N.V.</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING GROEP NV JR SUBORDINA 12/99 VAR</title>
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          <isin value="US456837BT90"/>
          <ticker value="INTNED"/>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INVESCO CLO LTD</name>
        <lei>25490016C8NV86EY2059</lei>
        <title>INVESCO CLO 2021 1, LTD INVCO 2021 1A A1 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Jaguar Land Rover Automotive PLC</name>
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        <name>JBS NV / JBS USA Food Co Holdings Inc. / JBS USA Foods Group Holdings Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>KKR Financial CLO 2013-1 Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
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        <name>Kyndryl Holdings Inc</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
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        <name>LPL Holdings Inc.</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
        <title>LPL HOLDINGS INC COMPANY GUAR 03/30 5.2</title>
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        <name>M&amp;T Bank Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>M.D.C. Holdings Inc.</name>
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        <name>Main Street Capital Corp.</name>
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        <name>Mattel, Inc.</name>
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        <name>MIDOCEAN CREDIT CLO XXI</name>
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        <name>Onemain Direct Auto Receivables Tst</name>
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        <name>Oracle Corp.</name>
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        <name>ORION CLO 2023-1 LTD</name>
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        <name>PG&amp;E Corporation</name>
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        <name>PacifiCorp.</name>
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        <name>PAGAYA AI DEBT GRANTOR TRUST 2024-9</name>
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        <title>PAGAYA AI DEBT SELECTION TRUST PAID 2024 9 B 144A</title>
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        <name>Suncor Energy Inc.</name>
        <lei>894500XO86FKXQGPYV71</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>REGATTA FUNDING LTD 2022-19</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <curCd>USD</curCd>
        <valUSD>890476.7000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-29</ncom:dateSigned>
      <ncom:nameOfApplicant>AuguStar Variable Insurance Products Fund Inc</ncom:nameOfApplicant>
      <ncom:signature>Matthew J. Donlan</ncom:signature>
      <ncom:signerName>Matthew J. Donlan</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
