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        <title>CASTELL 2025-1 PLC CASTE 2025 1 G REGS</title>
        <cusip>BCC3LZFG2</cusip>
        <identifiers>
          <isin value="XS3050710998"/>
          <ticker value="CASTE"/>
        </identifiers>
        <balance>645995.43</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.734889"/>
        <valUSD>905352.99</valUSD>
        <pctVal>0.7943190831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-01-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.055900000000</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>Dowson 2026-1 PLC</name>
        <lei>N/A</lei>
        <title>DOWSON 2026-1 PLC DWSON 2026 1 F REGS</title>
        <cusip>BCC3V1BL9</cusip>
        <identifiers>
          <isin value="XS3334185504"/>
          <ticker value="DWSON"/>
        </identifiers>
        <balance>150000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.734889"/>
        <valUSD>204129.4</valUSD>
        <pctVal>0.1790946511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.430400000000</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>Dryden 56 Euro CLO 2017 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>DRYDEN 56 EURO CLO 2017 DAC DRYD 2017 56X SUB REGS</title>
        <cusip>BCC2EUW82</cusip>
        <identifiers>
          <isin value="XS3008570940"/>
          <ticker value="DRYD"/>
        </identifiers>
        <balance>1623000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1113133.23</valUSD>
        <pctVal>0.9766168295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>Anchorage Capital Europe Clo 1 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>ANCHORAGE CAPITAL EUROPE CLO 1 ANCHE 1X SUB REGS</title>
        <cusip>BCC2H4PP7</cusip>
        <identifiers>
          <isin value="XS1846663919"/>
          <ticker value="ANCHE"/>
        </identifiers>
        <balance>2500000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1226874.7</valUSD>
        <pctVal>1.0764088677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>St Paul's CLO IV Designated Activity Company</name>
        <lei>N/A</lei>
        <title>ST PAUL'S CLO IV DAC SPAUL 4X DRRR REGS</title>
        <cusip>BCC2H8844</cusip>
        <identifiers>
          <isin value="XS1852567079"/>
          <ticker value="SPAUL"/>
        </identifiers>
        <balance>650000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>713787.57</valUSD>
        <pctVal>0.6262475459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.135000000000</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>Invesco Euro CLO IV Designated Activity Company</name>
        <lei>N/A</lei>
        <title>INVESCO EURO CLO IV DAC INVSC 4X F REGS</title>
        <cusip>BCC2MRX06</cusip>
        <identifiers>
          <isin value="XS2114943520"/>
          <ticker value="INVSC"/>
        </identifiers>
        <balance>1600000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1109532.73</valUSD>
        <pctVal>0.9734579004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.634000000000</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>Henley CLO III Designated Activity Company</name>
        <lei>N/A</lei>
        <title>HENLEY CLO III DAC HNLY 3X SUB REGS</title>
        <cusip>BCC2PLTT8</cusip>
        <identifiers>
          <isin value="XS2240857024"/>
          <ticker value="HNLY"/>
        </identifiers>
        <balance>2500000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1473810.59</valUSD>
        <pctVal>1.2930601539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>Carlyle Euro Clo 2020-2 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>CARLYLE EURO CLO 2020-2 DAC CGMSE 2020 2X D REGS</title>
        <cusip>BCC2Q5ML6</cusip>
        <identifiers>
          <isin value="XS2264976171"/>
          <ticker value="CGMSE"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1138710.14</valUSD>
        <pctVal>0.9990569472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.264000000000</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>Dowson 2026-1 PLC</name>
        <lei>N/A</lei>
        <title>DOWSON 2026-1 PLC DWSON 2026 1 X1 REGS</title>
        <cusip>BCC3V1BN5</cusip>
        <identifiers>
          <isin value="XS3334185686"/>
          <ticker value="DWSON"/>
        </identifiers>
        <balance>702000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.734889"/>
        <valUSD>955346.6</valUSD>
        <pctVal>0.8381813986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.480400000000</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>St.Paul's CLO X Designated Activity Company</name>
        <lei>N/A</lei>
        <title>ST PAUL'S CLO X DAC SPAUL 10X ER REGS</title>
        <cusip>BCC2R93C8</cusip>
        <identifiers>
          <isin value="XS2319912635"/>
          <ticker value="SPAUL"/>
        </identifiers>
        <balance>1725000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1815428.36</valUSD>
        <pctVal>1.5927813862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.554000000000</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>Providus Clo III Designated Activity Company</name>
        <lei>N/A</lei>
        <title>PROVIDUS CLO III DAC PRVD 3X FR REGS</title>
        <cusip>BCC316F60</cusip>
        <identifiers>
          <isin value="XS2356227186"/>
          <ticker value="PRVD"/>
        </identifiers>
        <balance>1100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1247834.09</valUSD>
        <pctVal>1.0947977653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.938000000000</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>St. Paul's CLO II DAC</name>
        <lei>N/A</lei>
        <title>ST PAULS CLO II DAC SPAUL 2X FR4 REGS</title>
        <cusip>BCC334X48</cusip>
        <identifiers>
          <isin value="XS2402449933"/>
          <ticker value="SPAUL"/>
        </identifiers>
        <balance>3200000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>2416959.71</valUSD>
        <pctVal>2.1205399905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.045000000000</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>Dryden 79 Euro CLO 2020 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>DRYDEN 79 EURO CLO 2020 DAC DRYD 2020 79X ER REGS</title>
        <cusip>BCC3458X8</cusip>
        <identifiers>
          <isin value="XS2420714847"/>
          <ticker value="DRYD"/>
        </identifiers>
        <balance>1500000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1663310.42</valUSD>
        <pctVal>1.4593194283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.708000000000</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>Carlyle Global Market Strategies Euro Clo 2015-2 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>CARLYLE GLOBAL MARKET STRATEGI CGMSE 2015 2X ER REGS</title>
        <cusip>BCC34N7M4</cusip>
        <identifiers>
          <isin value="XS2432572555"/>
          <ticker value="CGMSE"/>
        </identifiers>
        <balance>3560000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>3307294.54</valUSD>
        <pctVal>2.9016827643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.009000000000</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>Barings Euro CLO 2015-1 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>BARINGS EURO CLO 2015-1 DAC BABSE 2015 1A ERR 144A</title>
        <cusip>BCC34SN11</cusip>
        <identifiers>
          <isin value="XS2425515322"/>
          <ticker value="BABSE"/>
        </identifiers>
        <balance>1500000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1678441.7</valUSD>
        <pctVal>1.4725949845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.025000000000</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>Hayfin Funding 2024-1 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>HAYFIN FUNDING 2024-1 DAC HAYEM 13X F REGS</title>
        <cusip>BCC3FXH80</cusip>
        <identifiers>
          <isin value="XS2824007152"/>
          <ticker value="HAYEM"/>
        </identifiers>
        <balance>600000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>691393.27</valUSD>
        <pctVal>0.6065997179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.544000000000</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>Rockford Tower Europe CLO 2024-1 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>ROCKFORD TOWER EUROPE CLO 2024 RFTE 2024 1X SUB REGS</title>
        <cusip>BCC3H5JH7</cusip>
        <identifiers>
          <isin value="XS2864522565"/>
          <ticker value="RFTE"/>
        </identifiers>
        <balance>1020000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>806337.54</valUSD>
        <pctVal>0.7074470428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>Arbour CLO VI Designated Activity Company</name>
        <lei>N/A</lei>
        <title>ARBOUR CLO VI DAC ARBR 6X FR REGS</title>
        <cusip>BCC3HJ1W3</cusip>
        <identifiers>
          <isin value="XS2900385290"/>
          <ticker value="ARBR"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>2216989.05</valUSD>
        <pctVal>1.9450940451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.434000000000</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>Anchorage Capital Europe Clo 3 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>ANCHORAGE CAPITAL EUROPE CLO 3 ANCHE 3X FR REGS</title>
        <cusip>BCC3J0RP9</cusip>
        <identifiers>
          <isin value="XS2914144196"/>
          <ticker value="ANCHE"/>
        </identifiers>
        <balance>2300000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>2673550.28</valUSD>
        <pctVal>2.3456618917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.694000000000</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>Contego CLO XI Designated Activity Company</name>
        <lei>N/A</lei>
        <title>CONTEGO CLO XI DAC CONTE 11X FR REGS</title>
        <cusip>BCC3J4J62</cusip>
        <identifiers>
          <isin value="XS2929410053"/>
          <ticker value="CONTE"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1068564.61</valUSD>
        <pctVal>0.9375141748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.416000000000</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>Anchorage Capital Europe CLO 8 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>ANCHORAGE CAPITAL EUROPE CLO 8 ANCHE 8A FR 144A</title>
        <cusip>BCC3JS9V5</cusip>
        <identifiers>
          <isin value="XS2955324327"/>
          <ticker value="ANCHE"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1106038.08</valUSD>
        <pctVal>0.9703918398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.415000000000</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>CVC Cordatus Loan Fund XXVI Designated Activity Company</name>
        <lei>N/A</lei>
        <title>CVC CORDATUS LOAN FUND XXVI DA CORDA 26X FR REGS</title>
        <cusip>BCC3K0QZ6</cusip>
        <identifiers>
          <isin value="XS2958384930"/>
          <ticker value="CORDA"/>
        </identifiers>
        <balance>3250000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>3626828.4</valUSD>
        <pctVal>3.1820284919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.544000000000</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>Penta CLO 3 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>PENTA CLO 3 DAC PENTA 2017 3A FRR 144A</title>
        <cusip>BCC3KJYD5</cusip>
        <identifiers>
          <isin value="XS2993872089"/>
          <ticker value="PENTA"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>2253649.17</valUSD>
        <pctVal>1.9772581106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.980000000000</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>RRE 23 LOAN MANAGEMENT DAC RRME 23A SUB 144A</name>
        <lei>N/A</lei>
        <title>RRE 23 LOAN MANAGEMENT DAC RRME 23A SUB 144A</title>
        <cusip>BCC3KK1B2</cusip>
        <identifiers>
          <isin value="XS2989700666"/>
          <ticker value="RRME"/>
        </identifiers>
        <balance>2800000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>2713256.96</valUSD>
        <pctVal>2.3804988823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2125-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>Dryden 111 Euro CLO 2022 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>DRYDEN 111 EURO CLO 2022 DAC DRYD 2022 111X SUB REGS</title>
        <cusip>BCC3KYQP4</cusip>
        <identifiers>
          <isin value="XS3008535794"/>
          <ticker value="DRYD"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>679367.12</valUSD>
        <pctVal>0.5960484737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-21</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>Fortuna Consumer Loan Abs 2025-1 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>FORTUNA CONSUMER LOAN ABS 2025 FORTA 2025 1 E REGS</title>
        <cusip>BCC3LFGD2</cusip>
        <identifiers>
          <isin value="XS3031451506"/>
          <ticker value="FORTA"/>
        </identifiers>
        <balance>1300000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1531954.37</valUSD>
        <pctVal>1.3440730898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.154000000000</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>Castell 2025-1 PLC</name>
        <lei>N/A</lei>
        <title>CASTELL 2025-1 PLC CASTE 2025 1 E REGS</title>
        <cusip>BCC3LZFD9</cusip>
        <identifiers>
          <isin value="XS3050710642"/>
          <ticker value="CASTE"/>
        </identifiers>
        <balance>433996.93</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.734889"/>
        <valUSD>599478.67</valUSD>
        <pctVal>0.5259576682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-01-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.2359</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>Castell 2025-1 PLC</name>
        <lei>N/A</lei>
        <title>CASTELL 2025-1 PLC CASTE 2025 1 F REGS</title>
        <cusip>BCC3LZFF4</cusip>
        <identifiers>
          <isin value="XS3050710725"/>
          <ticker value="CASTE"/>
        </identifiers>
        <balance>677995.21</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.734889"/>
        <valUSD>934889.95</valUSD>
        <pctVal>0.8202335842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-01-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.3559</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>SANTANDER CONSUMO 8 FONDO DE T CONSU 8 E REGS</name>
        <lei>N/A</lei>
        <title>SANTANDER CONSUMO 8 FONDO DE T CONSU 8 E REGS</title>
        <cusip>BCC3M1R32</cusip>
        <identifiers>
          <isin value="ES0305898043"/>
          <ticker value="CONSU"/>
        </identifiers>
        <balance>2500000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>2957063.2</valUSD>
        <pctVal>2.5944043437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.529</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>BBVA CONSUMER 2025-1 FT BBVAC 2025 1 D REGS</name>
        <lei>N/A</lei>
        <title>BBVA CONSUMER 2025-1 FT BBVAC 2025 1 D REGS</title>
        <cusip>BCC3M7TD5</cusip>
        <identifiers>
          <isin value="ES0305899033"/>
          <ticker value="BBVAC"/>
        </identifiers>
        <balance>1481462.1</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1760912.25</valUSD>
        <pctVal>1.5449512172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.174000000000</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>CARLYLE EURO CLO 2025-2 DAC CGMSE 2025 2X D REGS</name>
        <lei>N/A</lei>
        <title>CARLYLE EURO CLO 2025-2 DAC CGMSE 2025 2X D REGS</title>
        <cusip>BCC3MR2K4</cusip>
        <identifiers>
          <isin value="XS3097955127"/>
          <ticker value="CGMSE"/>
        </identifiers>
        <balance>3000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>3528853.59</valUSD>
        <pctVal>3.0960694658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.104000000000</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>Aqueduct European Clo 12 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>AQUEDUCT EUROPEAN CLO 12 DAC AQUE 2025 12X SUB REGS</title>
        <cusip>BCC3N6HV9</cusip>
        <identifiers>
          <isin value="XS3109019201"/>
          <ticker value="AQUE"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>798081.79</valUSD>
        <pctVal>0.7002037909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>Barings Euro CLO 2020-1 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>BARINGS EURO CLO 2020-1 DAC BABSE 2020 1X FRR REGS</title>
        <cusip>BCC3Q5VB6</cusip>
        <identifiers>
          <isin value="XS3201276295"/>
          <ticker value="BABSE"/>
        </identifiers>
        <balance>1174310.29</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>1218871.18</valUSD>
        <pctVal>1.0693869119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      </invstOrSec>
      <invstOrSec>
        <name>Aqueduct European CLO 13 Designated Activity Company</name>
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        <title>AQUEDUCT EUROPEAN CLO 13 DAC AQUE 2025 13X Z2 REGS</title>
        <cusip>BCC352R21</cusip>
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          <isin value="XS2442780354"/>
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        <pctVal>0.0748854641</pctVal>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Aurium CLO IX Designated Activity Company</name>
        <lei>N/A</lei>
        <title>AURIUM CLO IX DAC ACLO 9X F REGS</title>
        <cusip>BCC35C8S3</cusip>
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          <isin value="XS2448543897"/>
          <ticker value="ACLO"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OCP Euro CLO 2023-8 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>OCP EURO CLO 2023-8 DAC OCPE 2023 8X SUB REGS</title>
        <cusip>BCC3CN6R5</cusip>
        <identifiers>
          <isin value="XS2711338710"/>
          <ticker value="OCPE"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>OCP Euro CLO 2023-8 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>OCP EURO CLO 2023-8 DAC OCPE 2023 8A SUB 144A</title>
        <cusip>BCC3CN729</cusip>
        <identifiers>
          <isin value="XS2711338801"/>
          <ticker value="OCPE"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>APL Finance 2023-1 Designated Activity Company</name>
        <lei>N/A</lei>
        <title>APL FINANCE 2023-1 DAC ASHPL 2025 1A D 144A</title>
        <cusip>03790CAJ0</cusip>
        <identifiers>
          <isin value="US03790CAJ09"/>
          <ticker value="ASHPL"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2459622</valUSD>
        <pctVal>2.1579701105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.150000000000</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>Bridgecrest Lending Auto Securitization Trust 2025-3</name>
        <lei>N/A</lei>
        <title>BRIDGECREST LENDING AUTO SECUR BLAST 2025 3 D</title>
        <cusip>107920AF7</cusip>
        <identifiers>
          <isin value="US107920AF78"/>
          <ticker value="BLAST"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3015633</valUSD>
        <pctVal>2.6457910518</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.270000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRIDGECREST LENDING AUTO SECUR BLAST 2025 4 D</name>
        <lei>N/A</lei>
        <title>BRIDGECREST LENDING AUTO SECUR BLAST 2025 4 D</title>
        <cusip>10807UAF4</cusip>
        <identifiers>
          <isin value="US10807UAF49"/>
          <ticker value="BLAST"/>
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        <balance>228000</balance>
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        <curCd>USD</curCd>
        <valUSD>229899.54</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.410000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>COMM 2014-CCRE19 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-CCRE19 MORTGAGE TRUS COMM 2014 CR19 E 144A</title>
        <cusip>12592GAJ2</cusip>
        <identifiers>
          <isin value="US12592GAJ22"/>
          <ticker value="COMM"/>
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        <balance>1347975.63</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1320193.85</valUSD>
        <pctVal>1.1582832112</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.101684000000</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>COMM 2013-CCRE11 Mortgage Trust</name>
        <lei>549300BCCWSDWINK2593</lei>
        <title>COMM 2013-CCRE11 MORTGAGE TRUS COMM 2013 CR11 E 144A</title>
        <cusip>12626LBA9</cusip>
        <identifiers>
          <isin value="US12626LBA98"/>
          <ticker value="COMM"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>920710</valUSD>
        <pctVal>0.8077926854</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.370000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CPS AUTO RECEIVABLES TRUST 202 CPS 2025 C D 144A</name>
        <lei>N/A</lei>
        <title>CPS AUTO RECEIVABLES TRUST 202 CPS 2025 C D 144A</title>
        <cusip>12634SAD9</cusip>
        <identifiers>
          <isin value="US12634SAD99"/>
          <ticker value="CPS"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3008300.1</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.280000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust 2014-GC23</name>
        <lei>N/A</lei>
        <title>CITIGROUP COMMERCIAL MORTGAGE CGCMT 2014 GC23 E 144A</title>
        <cusip>17322VAG1</cusip>
        <identifiers>
          <isin value="US17322VAG14"/>
          <ticker value="CGCMT"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1101810</valUSD>
        <pctVal>0.9666822981</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.208000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>CONNECTICUT AVENUE SECURITIES CAS 2020 SBT1 1B1 144A</name>
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        <title>CONNECTICUT AVENUE SECURITIES CAS 2020 SBT1 1B1 144A</title>
        <cusip>20753VBT4</cusip>
        <identifiers>
          <isin value="US20753VBT44"/>
          <ticker value="CAS"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3115593.9</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CONNECTICUT AVENUE SECURITIES CAS 2023 R06 1B2 144A</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES CAS 2023 R06 1B2 144A</title>
        <cusip>20754EAJ4</cusip>
        <identifiers>
          <isin value="US20754EAJ47"/>
          <ticker value="CAS"/>
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        <balance>2762800</balance>
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        <curCd>USD</curCd>
        <valUSD>2984680.47</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.545160000000</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>CONSUMER PORTFOLIO SERVICES AU CPS 2025 D D 144A</name>
        <lei>N/A</lei>
        <title>CONSUMER PORTFOLIO SERVICES AU CPS 2025 D D 144A</title>
        <cusip>223936AD7</cusip>
        <identifiers>
          <isin value="US223936AD77"/>
          <ticker value="CPS"/>
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        <balance>453000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>456260.24</valUSD>
        <pctVal>0.4003037705</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.450000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOLD GBP/BOUGHT USD</name>
        <lei>N/A</lei>
        <title>SOLD GBP/BOUGHT USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="TRADE ID" value="26DEKBBK514"/>
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        <balance>1</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-68577.49</valUSD>
        <pctVal>-0.0601670394</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>STATE STREET BANK LONDON</counterpartyName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOLD EUR/BOUGHT USD</name>
        <lei>N/A</lei>
        <title>SOLD EUR/BOUGHT USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="TRADE ID" value="26DEKBBK59K"/>
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        <balance>1</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-558617.99</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>STATE STREET BANK LONDON</counterpartyName>
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      <invstOrSec>
        <name>SOLD GBP/BOUGHT USD</name>
        <lei>N/A</lei>
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              <counterpartyName>STATE STREET BANK LONDON</counterpartyName>
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      <invstOrSec>
        <name>EXETER AUTOMOBILE RECEIVABLES EART 2025 3A D</name>
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        <cusip>30166XAF1</cusip>
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          <isin value="US30166XAF15"/>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust 2025-2</name>
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      <invstOrSec>
        <name>Exeter Select Automobile Receivables Trust 2025-2</name>
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          <isin value="US30185EAF07"/>
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      <invstOrSec>
        <name>FIGRE TRUST 2025-HE1 FIGRE 2025 HE1 G 144A</name>
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        <name>FIGRE TRUST 2025-HE1 FIGRE 2025 HE1 XS 144A</name>
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        <name>FIGRE TRUST 2025-HE8 FIGRE 2025 HE8 F 144A</name>
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      <invstOrSec>
        <name>Freddie Mac STACR REMIC Trust 2021-DNA1</name>
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        <name>Freddie Mac STACR REMIC Trust 2021-HQA1</name>
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        <name>Freddie Mac STACR Remic Trust 2021-DNA2</name>
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        <name>Freddie Mac STACR REMIC Trust 2021-DNA3</name>
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          <isin value="US35564KFH77"/>
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        <name>Freddie Mac STACR REMIC Trust 2021-HQA4</name>
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        <name>Freddie Mac Stacr Remic Trust 2020-HQA3</name>
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        <name>Freddie Mac STACR REMIC Trust 2020-HQA4</name>
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        <name>Freddie Mac STACR REMIC Trust 2020-HQA5</name>
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      <invstOrSec>
        <name>Freddie Mac STACR REMIC Trust 2020-DNA6</name>
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          <isin value="US35566CBE49"/>
          <ticker value="STACR"/>
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      <invstOrSec>
        <name>GGAM MASTER TRUST INTERNATIONA GGAMMT 2025 1A Y 144A</name>
        <lei>N/A</lei>
        <title>GGAM MASTER TRUST INTERNATIONA GGAMMT 2025 1A Y 144A</title>
        <cusip>36173XAB8</cusip>
        <identifiers>
          <isin value="US36173XAB82"/>
          <ticker value="GGAMMT"/>
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        <balance>1366244.4</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1378731.87</valUSD>
        <pctVal>1.2096420368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.702000000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUNTINGTON BANK AUTO CREDIT-LI HACLN 2025 1 D 144A</name>
        <lei>N/A</lei>
        <title>HUNTINGTON BANK AUTO CREDIT-LI HACLN 2025 1 D 144A</title>
        <cusip>446438TA1</cusip>
        <identifiers>
          <isin value="US446438TA12"/>
          <ticker value="HACLN"/>
        </identifiers>
        <balance>1091303.44</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1079088.26</valUSD>
        <pctVal>0.9467471879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.140140000000</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>MAPS 2026-1 TRUST MAPSL 2026 1A B 144A</name>
        <lei>N/A</lei>
        <title>MAPS 2026-1 TRUST MAPSL 2026 1A B 144A</title>
        <cusip>55293WAB5</cusip>
        <identifiers>
          <isin value="US55293WAB54"/>
          <ticker value="MAPSL"/>
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        <balance>269999.72</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267982.63</valUSD>
        <pctVal>0.2351168211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.129000000000</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>PHANTOM AVIATION PHNTOM 2026 1A B 144A</name>
        <lei>N/A</lei>
        <title>PHANTOM AVIATION PHNTOM 2026 1A B 144A</title>
        <cusip>71711GAB1</cusip>
        <identifiers>
          <isin value="US71711GAB14"/>
          <ticker value="PHNTOM"/>
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        <balance>516186.11</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>510465.63</valUSD>
        <pctVal>0.4478613267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.027000000000</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>State Street Bank and Trust Company</name>
        <lei>571474TGEMMWANRLN572</lei>
        <title>SCC GOVERMENT MM GVXX 20301231 00001.0000000000</title>
        <cusip>7839989D1</cusip>
        <identifiers>
          <ticker value="7839989D1010"/>
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        <balance>18560552.48</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18560552.48</valUSD>
        <pctVal>16.2842572912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WP GLIMCHER MALL TRUST 2015-WP JPMDB 2015 WPG C 144A</name>
        <lei>N/A</lei>
        <title>WP GLIMCHER MALL TRUST 2015-WP JPMDB 2015 WPG C 144A</title>
        <cusip>92939VAG9</cusip>
        <identifiers>
          <isin value="US92939VAG95"/>
          <ticker value="JPMDB"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>425010</valUSD>
        <pctVal>0.3728861088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.633200000000</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>
      <invstOrSec>
        <name>Providus Clo Ix Designated Activity Company</name>
        <lei>N/A</lei>
        <title>PROVIDUS CLO IX DAC PRVD 9X FR REGS</title>
        <cusip>BCC3MK0T2</cusip>
        <identifiers>
          <isin value="XS3088633014"/>
          <ticker value="PRVD"/>
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        <balance>600000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
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        <pctVal>0.6011504885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.398000000000</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>Dowson 2026-1 PLC</name>
        <lei>N/A</lei>
        <title>DOWSON 2026-1 PLC DWSON 2026 1 E REGS</title>
        <cusip>BCC3V1BK1</cusip>
        <identifiers>
          <isin value="XS3334185413"/>
          <ticker value="DWSON"/>
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        <balance>206000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.734889"/>
        <valUSD>280302.39</valUSD>
        <pctVal>0.2459256664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.230400000000</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>REVERSE REPO UBS AG LONDON</name>
        <lei>N/A</lei>
        <title>REVERSE REPO UBS AG LONDON</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="976EZU006_35564KFH7"/>
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        <curCd>USD</curCd>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="BFM8T61CT2L1QCEMIK50" name="UBS AG"/>
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          <isTriParty>Y</isTriParty>
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            <repurchaseCollateral>
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              <invstCat>AMBS</invstCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO UBS AG LONDON</name>
        <lei>N/A</lei>
        <title>REVERSE REPO UBS AG LONDON</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal Identifier" value="976EZU006_35565RBE2"/>
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        <curCd>USD</curCd>
        <valUSD>-2112701.74</valUSD>
        <pctVal>-1.8535966939</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="BFM8T61CT2L1QCEMIK50" name="UBS AG"/>
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            <repurchaseCollateral>
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              <collateralCd>USD</collateralCd>
              <invstCat>AMBS</invstCat>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REVERSE REPO UBS AG LONDON</name>
        <lei>N/A</lei>
        <title>REVERSE REPO UBS AG LONDON</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="976EZU006_35566CBE4"/>
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        <balance>2069736.78</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2069736.78</valUSD>
        <pctVal>-1.8159010238</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <transCat>Reverse repurchase</transCat>
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            <counterpartyInfos>
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          <repurchaseCollaterals>
            <repurchaseCollateral>
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              <collateralCd>USD</collateralCd>
              <invstCat>AMBS</invstCat>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO SOCIETE GENERALE REVERSE REPO</name>
        <lei>N/A</lei>
        <title>REVERSE REPO SOCIETE GENERALE REVERSE REPO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="976BPH002_BCC3MK0T2"/>
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        <balance>361068.65</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
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        <pctVal>-0.3717965261</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="O2RNE8IBXP4R0TD8PU41" name="Societe Generale"/>
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              <invstCatConditional desc="Collateralized Debt Obligation" invstCat="Other instrument"/>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REVERSE REPO BARCLAYS REVERSE REPO</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="913ZLB002_35564KBE8"/>
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        <balance>2004128.92</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2004128.92</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
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          <isTriParty>Y</isTriParty>
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              <principalCd>USD</principalCd>
              <collateralVal>2004128.92</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>AMBS</invstCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO BARCLAYS REVERSE REPO</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="913ZLB002_35564KCP2"/>
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        <balance>2112496.43</balance>
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        <curCd>USD</curCd>
        <valUSD>-2112496.43</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="2G5BKIC2CB69PRJH1W31" name="BARCLAYS CAPITAL"/>
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              <collateralCd>USD</collateralCd>
              <invstCat>AMBS</invstCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO BARCLAYS REVERSE REPO</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal Identifier" value="913ZLB002_35565MBE3"/>
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        <valUSD>-961816.88</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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          <isTriParty>Y</isTriParty>
          <repurchaseRt>5.127</repurchaseRt>
          <maturityDt>2026-07-08</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
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      </invstOrSec>
      <invstOrSec>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>REVERSE REPO ROYAL BANK OF CAN</name>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>REVERSE REPO ROYAL BANK OF CAN</name>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="ES7IP3U3RHIGC71XBU11" name="ROYAL BANK OF CANADA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>3.03</repurchaseRt>
          <maturityDt>2026-05-26</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2500000</principalAmt>
              <principalCd>EUR</principalCd>
              <collateralVal>2229525.76</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Collateralized Debt Obligation" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO ROYAL BANK OF CAN</name>
        <lei>N/A</lei>
        <title>REVERSE REPO ROYAL BANK OF CAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="962RNB008_BCC2MRX06"/>
        </identifiers>
        <balance>797961.98</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>-936527.83</valUSD>
        <pctVal>-0.8216705920</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="ES7IP3U3RHIGC71XBU11" name="ROYAL BANK OF CANADA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>2.93</repurchaseRt>
          <maturityDt>2026-05-11</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1600000</principalAmt>
              <principalCd>EUR</principalCd>
              <collateralVal>936527.83</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Collateralized Debt Obligation" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO ROYAL BANK OF CAN</name>
        <lei>N/A</lei>
        <title>REVERSE REPO ROYAL BANK OF CAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="962RNB008_BCC3J0RP9"/>
        </identifiers>
        <balance>1496685.66</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>-1756584.66</valUSD>
        <pctVal>-1.5411543696</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="ES7IP3U3RHIGC71XBU11" name="ROYAL BANK OF CANADA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>2.93</repurchaseRt>
          <maturityDt>2026-05-11</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2300000</principalAmt>
              <principalCd>EUR</principalCd>
              <collateralVal>1756584.66</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Collateralized Debt Obligation" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO ROYAL BANK OF CAN</name>
        <lei>N/A</lei>
        <title>REVERSE REPO ROYAL BANK OF CAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="962RNB008_BCC3J4J62"/>
        </identifiers>
        <balance>599859.51</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>-704024.93</valUSD>
        <pctVal>-0.6176822113</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="ES7IP3U3RHIGC71XBU11" name="ROYAL BANK OF CANADA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>2.93</repurchaseRt>
          <maturityDt>2026-05-11</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1000000</principalAmt>
              <principalCd>EUR</principalCd>
              <collateralVal>704024.93</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Collateralized Debt Obligation" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO ROYAL BANK OF CAN</name>
        <lei>N/A</lei>
        <title>REVERSE REPO ROYAL BANK OF CAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="962RNB008_BCC34SN11"/>
        </identifiers>
        <balance>1080029.42</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>-1267576.19</valUSD>
        <pctVal>-1.1121186633</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="ES7IP3U3RHIGC71XBU11" name="ROYAL BANK OF CANADA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>2.83</repurchaseRt>
          <maturityDt>2026-05-04</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1500000</principalAmt>
              <principalCd>EUR</principalCd>
              <collateralVal>1267576.19</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Collateralized Debt Obligation" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO ROYAL BANK OF CAN</name>
        <lei>N/A</lei>
        <title>REVERSE REPO ROYAL BANK OF CAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="962RNB008_BCC35C8S3"/>
        </identifiers>
        <balance>1255430.6</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>-1473435.73</valUSD>
        <pctVal>-1.2927312673</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="ES7IP3U3RHIGC71XBU11" name="ROYAL BANK OF CANADA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>2.93</repurchaseRt>
          <maturityDt>2026-05-04</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2000000</principalAmt>
              <principalCd>EUR</principalCd>
              <collateralVal>1473435.73</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Collateralized Debt Obligation" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO ROYAL BANK OF CAN</name>
        <lei>N/A</lei>
        <title>REVERSE REPO ROYAL BANK OF CAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="962RNB008_BCC3KJYD5"/>
        </identifiers>
        <balance>652184.29</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.852043"/>
        <valUSD>-765435.89</valUSD>
        <pctVal>-0.6715616351</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="ES7IP3U3RHIGC71XBU11" name="ROYAL BANK OF CANADA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>2.93</repurchaseRt>
          <maturityDt>2026-05-04</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1000000</principalAmt>
              <principalCd>EUR</principalCd>
              <collateralVal>765435.89</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Collateralized Debt Obligation" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO BARCLAYS REVERSE REPO</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="913ZLB002_35564KPP8"/>
        </identifiers>
        <balance>1869459.76</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1869459.76</valUSD>
        <pctVal>-1.6401862908</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="2G5BKIC2CB69PRJH1W31" name="BARCLAYS CAPITAL"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>5.113</repurchaseRt>
          <maturityDt>2026-07-23</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>3000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1869459.76</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>AMBS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO BARCLAYS REVERSE REPO</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="913ZLB002_35564KDY2"/>
        </identifiers>
        <balance>2043966.22</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2043966.22</valUSD>
        <pctVal>-1.7932910056</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="2G5BKIC2CB69PRJH1W31" name="BARCLAYS CAPITAL"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>5.127</repurchaseRt>
          <maturityDt>2026-07-08</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2750000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>2043966.22</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>AMBS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO BARCLAYS REVERSE REPO</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="913ZLB002_20753VBT4"/>
        </identifiers>
        <balance>1893937.5</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1893937.5</valUSD>
        <pctVal>-1.6616620425</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="2G5BKIC2CB69PRJH1W31" name="BARCLAYS CAPITAL"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>5.043</repurchaseRt>
          <maturityDt>2026-05-12</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>3000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1893937.5</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>AMBS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REVERSE REPO BARCLAYS REVERSE REPO</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="913ZLB002_20754EAJ4"/>
        </identifiers>
        <balance>1812228.9</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1812228.9</valUSD>
        <pctVal>-1.5899743130</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="2G5BKIC2CB69PRJH1W31" name="BARCLAYS CAPITAL"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>5.043</repurchaseRt>
          <maturityDt>2026-05-12</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2762800</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1812228.9</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>AMBS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deduction of sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-28</ncom:dateSigned>
      <ncom:nameOfApplicant>John Hancock CQS Asset Backed Securities Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/Salvatore Schiavone</ncom:signature>
      <ncom:signerName>Salvatore Schiavone</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
