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        <name>Africa Finance Corp.</name>
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        <name>Akbank TAS</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AmeriTex HoldCo Intermediate LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arcos Dorados BV</name>
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        <name>Ares Direct Lending CLO 3 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Argentine Republic (The)</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>Argentina Government Bond</title>
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        <name>Azule Energy Finance plc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAMLL Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
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          <isin value="US05523GAA94"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAMLL Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BLP Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BLP Commercial Mortgage Trust, Series 2023-IND, Class F</title>
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          <isin value="US055531AL15"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BCC Middle Market CLO LLC</name>
        <lei>254900QLKY6UDXZ5DZ03</lei>
        <title>BCC Middle Market CLO LLC, Series 2025-1A, Class A1</title>
        <cusip>05555YAA1</cusip>
        <identifiers>
          <isin value="US05555YAA10"/>
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        <balance>1640000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.30038080</annualizedRt>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>05565AB28</cusip>
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          <isin value="US05565AB286"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>05565ASK0</cusip>
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          <isin value="US05565ASK06"/>
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        <balance>1610000.00000000</balance>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA</title>
        <cusip>05571AAR6</cusip>
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          <isin value="US05571AAR68"/>
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        <balance>665000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-19</maturityDt>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2019-IMC, Class F</title>
        <cusip>05608BAQ3</cusip>
        <identifiers>
          <isin value="US05608BAQ32"/>
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        <balance>3800000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-BRBK, Class D</title>
        <cusip>05613NAL1</cusip>
        <identifiers>
          <isin value="US05613NAL10"/>
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        <balance>1840000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-VLT5, Class E</title>
        <cusip>05614JAJ4</cusip>
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          <isin value="US05614JAJ43"/>
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        <balance>4480000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2025-LIFE, Class A</title>
        <cusip>05616HAA5</cusip>
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          <isin value="US05616HAA59"/>
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        <fairValLevel>2</fairValLevel>
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        <name>BXDL Static CLO LLC</name>
        <lei>N/A</lei>
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        <cusip>05617FAA8</cusip>
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          <isin value="US05617FAA84"/>
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        <fairValLevel>2</fairValLevel>
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        <name>BXDL Static CLO LLC</name>
        <lei>N/A</lei>
        <title>BXDL Static CLO LLC, Series 2025-1A, Class C</title>
        <cusip>05617FAG5</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2026-VLT9, Class D</title>
        <cusip>05618UAG1</cusip>
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          <isin value="US05618UAG13"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2025-VOLT, Class B</title>
        <cusip>05619PAC0</cusip>
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          <isin value="US05619PAC05"/>
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        <balance>3335000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-15</maturityDt>
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        <name>BX Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOFAS Re-REMIC Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Commonwealth of the Bahamas</name>
        <lei>549300W13SXC7EKNJC20</lei>
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        <balance>1250000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>BS</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bain Capital Credit CLO Ltd.</name>
        <lei>254900YXN9JEMKU5DF45</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Bradesco SA</name>
        <lei>549300CTUU1RFXHQJE44</lei>
        <title>Banco Bradesco SA</title>
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          <isin value="US05947KBB52"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
        <cusip>05964HAQ8</cusip>
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          <isin value="US05964HAQ83"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
        <cusip>05971KAG4</cusip>
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          <isin value="US05971KAG40"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco de Credito del Peru SA</name>
        <lei>549300EQYQ8SCQZ4BY14</lei>
        <title>Banco de Credito del Peru SA</title>
        <cusip>05971U2J5</cusip>
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        <balance>1365000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.45000000</annualizedRt>
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        <name>Banco Actinver SA Institucion de Banca Multiple</name>
        <lei>N/A</lei>
        <title>Banco Actinver SA Institucion de Banca Multiple</title>
        <cusip>05974EAA8</cusip>
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          <isin value="US05974EAA82"/>
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        <balance>396202.95000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <name>BANK</name>
        <lei>N/A</lei>
        <title>BANK, Series 2017-BNK6, Class D</title>
        <cusip>060352AV3</cusip>
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        <balance>2695000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
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        <name>BANK</name>
        <lei>N/A</lei>
        <title>BANK, Series 2020-BN25, Class D</title>
        <cusip>06539WAA4</cusip>
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        <balance>2920000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>BANK</name>
        <lei>N/A</lei>
        <title>BANK, Series 2017-BNK8, Class B</title>
        <cusip>06650AAJ6</cusip>
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        <balance>1500000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>BANK</name>
        <lei>N/A</lei>
        <title>BANK, Series 2017-BNK8, Class D</title>
        <cusip>06650AAU1</cusip>
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        <balance>1100000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.60000000</annualizedRt>
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      <invstOrSec>
        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays plc</title>
        <cusip>06738EBT1</cusip>
        <identifiers>
          <isin value="US06738EBT10"/>
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        <balance>4815000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays plc</title>
        <cusip>06738EBX2</cusip>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>944592.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays plc</title>
        <cusip>06738EDJ1</cusip>
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          <isin value="US06738EDJ10"/>
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        <balance>1075000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1052264.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.52100000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2018-B6, Class D</title>
        <cusip>08162CAL4</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2020-B17, Class C</title>
        <cusip>08162MBD9</cusip>
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        <balance>1910000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2019-B14, Class C</title>
        <cusip>08162YAJ1</cusip>
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          <isin value="US08162YAJ10"/>
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        <balance>2880000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benefit Street Partners CLO XXXII Ltd.</name>
        <lei>2549003NV71H6I4TDQ63</lei>
        <title>Benefit Street Partners CLO XXXII Ltd., Series 2023-32A, Class AR</title>
        <cusip>08181FAL4</cusip>
        <identifiers>
          <isin value="US08181FAL40"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000833.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BFLD Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BFLD Commercial Mortgage Trust, Series 2025-5MW, Class D</title>
        <cusip>088921AD3</cusip>
        <identifiers>
          <isin value="US088921AD30"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3043094.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-10-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.58332360</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Blackrock Rainier CLO VI Ltd.</name>
        <lei>549300HF4E86WXQDUX86</lei>
        <title>Blackrock Rainier CLO VI Ltd., Series 2021-6A, Class A1R</title>
        <cusip>09261MAQ9</cusip>
        <identifiers>
          <isin value="US09261MAQ96"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>09659W2K9</cusip>
        <identifiers>
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        <balance>1605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1507272.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.05200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust</name>
        <lei>N/A</lei>
        <title>BRAVO Residential Funding Trust, Series 2024-NQM8, Class A1A</title>
        <cusip>10571DAB5</cusip>
        <identifiers>
          <isin value="US10571DAB55"/>
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        <balance>1124046.81000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1106920.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.29999840</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
        <lei>N/A</lei>
        <title>Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class E</title>
        <cusip>107920AG5</cusip>
        <identifiers>
          <isin value="US107920AG51"/>
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        <balance>4410000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4410077.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
        <lei>N/A</lei>
        <title>Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class D</title>
        <cusip>107927AF2</cusip>
        <identifiers>
          <isin value="US107927AF22"/>
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        <balance>2825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2806603.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.99000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
        <lei>N/A</lei>
        <title>Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class E</title>
        <cusip>107927AG0</cusip>
        <identifiers>
          <isin value="US107927AG05"/>
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        <balance>3205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3173772.08000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.63000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
        <lei>N/A</lei>
        <title>Bridgecrest Lending Auto Securitization Trust, Series 2025-2, Class D</title>
        <cusip>10807HAF3</cusip>
        <identifiers>
          <isin value="US10807HAF38"/>
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        <balance>2910000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2945573.88000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
        <lei>N/A</lei>
        <title>Bridgecrest Lending Auto Securitization Trust, Series 2025-4, Class D</title>
        <cusip>10807UAF4</cusip>
        <identifiers>
          <isin value="US10807UAF49"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2016662.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <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>5.41000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2025-VLT7, Class A</title>
        <cusip>123913AA3</cusip>
        <identifiers>
          <isin value="US123913AA38"/>
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        <balance>2735000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2731581.25000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.35470840</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2025-VLT7, Class E</title>
        <cusip>123913AJ4</cusip>
        <identifiers>
          <isin value="US123913AJ47"/>
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        <balance>1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1596000.00000000</valUSD>
        <pctVal>0.091259026025</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.40471040</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAMB Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CAMB Commercial Mortgage Trust, Series 2021-CX2, Class D</title>
        <cusip>12477BAJ3</cusip>
        <identifiers>
          <isin value="US12477BAJ35"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1559778.60000000</valUSD>
        <pctVal>0.089187892137</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.86357320</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC</title>
        <cusip>1248EPCE1</cusip>
        <identifiers>
          <isin value="US1248EPCE15"/>
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        <balance>4630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4318702.51000000</valUSD>
        <pctVal>0.246942722278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CD Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CD Mortgage Trust, Series 2017-CD4, Class D</title>
        <cusip>12515DAF1</cusip>
        <identifiers>
          <isin value="US12515DAF15"/>
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        <balance>2765000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commercial Mortgage Trust</name>
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        <name>Commercial Mortgage Trust</name>
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        <name>CSMC OA LLC</name>
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      <invstOrSec>
        <name>CNX Resources Corp.</name>
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        <name>Commercial Mortgage Trust</name>
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        <title>COMM Mortgage Trust, Series 2020-CX, Class D</title>
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        <fairValLevel>2</fairValLevel>
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        <name>California Resources Corp.</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Carnival Corp.</name>
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        <name>Axia Energia</name>
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        <name>Cheniere Corpus Christi Holdings LLC</name>
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        <name>Cimko Cimento ve Beton Sanayi Ticaret A/S</name>
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        <name>Citigroup Mortgage Loan Trust</name>
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        <name>Clearway Energy Operating LLC</name>
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        <name>Cloud Software Group, Inc.</name>
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        <name>Clydesdale Acquisition Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cogent Communications Group LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Colombia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Compass Minerals International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Comstock Resources, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Connecticut Avenue Securities Trust</name>
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        <name>Connecticut Avenue Securities Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Connecticut Avenue Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Connecticut Avenue Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Connecticut Avenue Securities</name>
        <lei>N/A</lei>
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        <cusip>20755JAC7</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust</name>
        <lei>N/A</lei>
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        <cusip>20755JAG8</cusip>
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          <isin value="US20755JAG85"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Connecticut Avenue Securities Trust</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust, Series 2024-R03, Class 2M2</title>
        <cusip>207941AB1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Connecticut Avenue Securities Trust</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M2</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Corp. Nacional del Cobre de Chile</name>
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        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Corp. Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Cote d'Ivoire</name>
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        <title>Ivory Coast Government Bond</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CI</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Coty, Inc.</name>
        <lei>N/A</lei>
        <title>Coty, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CPS Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>CPS Auto Receivables Trust, Series 2024-C, Class E</title>
        <cusip>223920AE9</cusip>
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        <balance>2360000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>225401AU2</cusip>
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          <isin value="US225401AU28"/>
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        <balance>885000.00000000</balance>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DBUBS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>DBUBS Mortgage Trust, Series 2011-LC3A, Class PM2</title>
        <cusip>23305YAW9</cusip>
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          <isin value="US23305YAW93"/>
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        <balance>4165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1707608.35000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-10</maturityDt>
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          <annualizedRt>5.26752000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>DCP Midstream Operating LP</name>
        <lei>549300Y6CTBSE0QIPL28</lei>
        <title>DCP Midstream Operating LP</title>
        <cusip>23311VAK3</cusip>
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        <balance>3090000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2825586.72000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Danaos Corp.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DataBank Issuer II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Delek Logistics Partners LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DRC International Bond</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
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          <isin value="US251526CK32"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Diamond Foreign Asset Co.</name>
        <lei>N/A</lei>
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          <isin value="US25260WAD39"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DLIC Re-REMIC Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dominican Republic</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dominican Republic</name>
        <lei>254900EHU7Q8FGVPI369</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Durst Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EMRLD Borrower LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ecopetrol SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
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        <cusip>279158AJ8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Ecopetrol SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Edison International</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International</title>
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        <balance>2870000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Edison International</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International</title>
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        <balance>925000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-15</maturityDt>
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        <name>El Puerto de Liverpool SAB de CV</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Empresa Nacional del Petroleo</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Energizer Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EnfraGen Energia Sur SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Eregli Demir ve Celik Fabrikalari TAS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Exeter Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Exeter Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, REMIC, Series 2024-48, Class SB</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STACR Trust</name>
        <lei>549300D2VO9JVX6KU482</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
        <lei>N/A</lei>
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        <cusip>3137G1DF1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Flagship Credit Auto Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Flagship Credit Auto Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Flagship Credit Auto Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flagship Credit Auto Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flagship Credit Auto Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flagship Credit Auto Trust</name>
        <lei>N/A</lei>
        <title>Flagship Credit Auto Trust, Series 2021-3, Class D</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flagship Credit Auto Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flexential Issuer LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Flex Intermediate Holdco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Fortress Credit Opportunities XXI CLO LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC, Multifamily Structured Pass-Through Certificates</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC MSCR Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC MSCR Trust</name>
        <lei>529900M14O2Z3FO2N217</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC MSCR Trust</name>
        <lei>529900M14O2Z3FO2N217</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Mscr Trust Mn11</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC STACR REMIC Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>5493000ISE4NWBTOSK36</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-25</maturityDt>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>5493000ISBDRXIMCHZ70</lei>
        <title>FHLMC STACR REMIC Trust, Series 2022-DNA1, Class B2</title>
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        <identifiers>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-01-25</maturityDt>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>5493000ISA3AUOXQEF68</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>5493000ISA3AUOXQEF68</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
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        <title>FHLMC STACR REMIC Trust, Series 2022-HQA1, Class M2</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>5493000IRODEKU3J3Q16</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
        <lei>549300NKHCH87PYOHD44</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
        <lei>529900WZAMS87JCAOC53</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
        <lei>529900MBUPRSJMB6GN48</lei>
        <title>FHLMC STACR REMIC Trust, Series 2025-HQA1, Class M2</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
        <lei>529900XX8WXEM4FBIH80</lei>
        <title>FHLMC STACR REMIC Trust, Series 2025-DNA2, Class M1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>549300MHCI0CUXMJQS62</lei>
        <title>FHLMC STACR REMIC Trust, Series 2019-FTR1, Class B2</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC STACR Trust</name>
        <lei>549300KB1O80CETXGJ21</lei>
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        <cusip>35564TBE9</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>5493009ZFZYH4FRCW638</lei>
        <title>FHLMC STACR REMIC Trust, Series 2019-FTR3, Class B2</title>
        <cusip>35565EAE2</cusip>
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          <isin value="US35565EAE23"/>
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        <balance>3913000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
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        <cusip>35565JBE0</cusip>
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          <isin value="US35565JBE01"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC, Multifamily Structured Pass-Through Certificates</name>
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        <title>FHLMC, Multifamily Structured Pass-Through Certificates, REMIC, Series 2024-MN9, Class M2</title>
        <cusip>355917AB1</cusip>
        <identifiers>
          <isin value="US355917AB15"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC, Multifamily Structured Pass-Through Certificates</name>
        <lei>529900KWKEUIIIV9P337</lei>
        <title>FHLMC, Multifamily Structured Pass-Through Certificates, REMIC, Series 2024-MN9, Class B1</title>
        <cusip>355917AC9</cusip>
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          <isin value="US355917AC97"/>
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        <balance>3525000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC MSCR Trust</name>
        <lei>529900U9LKQ0M8OUKJ53</lei>
        <title>FHLMC MSCR Trust, Series 2026-MN13, Class M2</title>
        <cusip>355921AB3</cusip>
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          <isin value="US355921AB35"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>6.59516040</annualizedRt>
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      <invstOrSec>
        <name>FHLMC MSCR Trust</name>
        <lei>529900U9LKQ0M8OUKJ53</lei>
        <title>FHLMC MSCR Trust, Series 2026-MN13, Class B1</title>
        <cusip>355921AC1</cusip>
        <identifiers>
          <isin value="US355921AC18"/>
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        <balance>1490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1497780.48000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>8.14515840</annualizedRt>
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      <invstOrSec>
        <name>GLP Capital LP</name>
        <lei>N/A</lei>
        <title>GLP Capital LP</title>
        <cusip>361841AX7</cusip>
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          <isin value="US361841AX75"/>
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        <balance>3850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3783659.11000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GS Mortgage Securities Corp. Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp. Trust, Series 2012-BWTR, Class A</title>
        <cusip>36192RAA0</cusip>
        <identifiers>
          <isin value="US36192RAA05"/>
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        <balance>2796677.86000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2452896.79000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-05</maturityDt>
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          <annualizedRt>2.95400000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>549300L45M7638EL0H21</lei>
        <title>GS Mortgage Securities Trust, Series 2015-GC30, Class B</title>
        <cusip>36250GAU9</cusip>
        <identifiers>
          <isin value="US36250GAU94"/>
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        <balance>1035459.68000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.09420440</annualizedRt>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>549300L45M7638EL0H21</lei>
        <title>GS Mortgage Securities Trust, Series 2015-GC30, Class D</title>
        <cusip>36250GAX3</cusip>
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          <isin value="US36250GAX34"/>
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        <balance>6924500.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust, Series 2014-GC22, Class B</title>
        <cusip>36253BAZ6</cusip>
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          <isin value="US36253BAZ67"/>
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        <balance>2000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>GS Mortgage Securities Corp. Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp. Trust, Series 2017-GPTX, Class A</title>
        <cusip>36257CAA5</cusip>
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          <isin value="US36257CAA53"/>
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        <balance>3491745.33000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLS Auto Receivables Issuer Trust</name>
        <lei>N/A</lei>
        <title>GLS Auto Receivables Issuer Trust, Series 2022-2A, Class E</title>
        <cusip>36265NAF0</cusip>
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          <isin value="US36265NAF06"/>
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        <balance>3740000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>GSMS Trust</name>
        <lei>N/A</lei>
        <title>GSMS Trust, Series 2024-FAIR, Class D</title>
        <cusip>36270JAG0</cusip>
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          <isin value="US36270JAG04"/>
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        <balance>2895000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
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      <invstOrSec>
        <name>Garrett Motion Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Garrett Motion Holdings, Inc.</title>
        <cusip>366504AA6</cusip>
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          <isin value="US366504AA61"/>
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        <balance>2735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2855515.04000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-31</maturityDt>
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          <annualizedRt>7.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
        <cusip>37045XDE3</cusip>
        <identifiers>
          <isin value="US37045XDE31"/>
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        <balance>1178000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1055047.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.35000000</annualizedRt>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Global Medical Response, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLS Auto Receivables Issuer Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Golub Capital Partners CLO 67M</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Golub Capital CLO 86B Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Golub Capital Partners CLO 78M</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.84354120</annualizedRt>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2021-1, Class IT</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2021-16, Class AS</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2021-29, Class AS</title>
        <cusip>38382NP76</cusip>
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        <balance>5888894.37000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35582.47000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00001080</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2021-30, Class HI</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2021-177, Class IM</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2023-80, Class SA</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2023-101, Class EO</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2024-48, Class JI</title>
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        <balance>3988431.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>694455.72000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilcorp Energy I LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Huntington Bancshares, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>Huntsman International LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iliad Holding SAS</name>
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        <name>IRV Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>InRetail Shopping Malls</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Intesa Sanpaolo SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IPALCO Enterprises, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Israel Government Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMDB Commercial Mortgage Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMCC Commercial Mortgage Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ivy Hill Middle Market Credit Fund VII Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>J.P. Morgan Chase Commercial Mortgage Securities Trust</name>
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        <name>J.P. Morgan Chase Commercial Mortgage Securities Trust</name>
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        <name>JPMDB Commercial Mortgage Securities Trust</name>
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        <name>J.P. Morgan Chase Commercial Mortgage Securities Trust</name>
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        <name>J.P. Morgan Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JBS NV</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kentucky Power Co.</name>
        <lei>JHOZYZ5WPEXWR477VH72</lei>
        <title>Kentucky Power Co.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kenya Government Bond</name>
        <lei>549300VVURQQYU45PR87</lei>
        <title>Kenya Government Bond</title>
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          <isin value="US491798AQ72"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KeyCorp</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
        <title>KeyCorp</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kinetic ABS Issuer LLC</name>
        <lei>N/A</lei>
        <title>Kinetic ABS Issuer LLC, Series 2026-1A, Class B</title>
        <cusip>49459AAC4</cusip>
        <identifiers>
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        <balance>3250000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kinetic ABS Issuer LLC</name>
        <lei>N/A</lei>
        <title>Kinetic ABS Issuer LLC, Series 2026-1A, Class C</title>
        <cusip>49459AAE0</cusip>
        <identifiers>
          <isin value="US49459AAE01"/>
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        <balance>3500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kioxia Holdings Corp.</name>
        <lei>35380080RTKRARNH4R73</lei>
        <title>Kioxia Holdings Corp.</title>
        <cusip>49726JAA6</cusip>
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        <balance>2720000.00000000</balance>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kohlberg Credit CLO LLC</name>
        <lei>N/A</lei>
        <title>Kohlberg Credit CLO LLC, Series 2026-1A, Class A</title>
        <cusip>50024AAA2</cusip>
        <identifiers>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bath &amp; Body Works, Inc.</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>Bath &amp; Body Works, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Las Vegas Sands Corp.</name>
        <lei>549300DUOO1KXOHPM605</lei>
        <title>Las Vegas Sands Corp.</title>
        <cusip>517834AK3</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Las Vegas Sands Corp.</name>
        <lei>549300DUOO1KXOHPM605</lei>
        <title>Las Vegas Sands Corp.</title>
        <cusip>517834AM9</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lincoln National Corp.</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>Lincoln National Corp.</title>
        <cusip>534187BN8</cusip>
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        <balance>3537000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOANDEPOT GMSR Master Trust</name>
        <lei>N/A</lei>
        <title>LOANDEPOT GMSR Master Trust, Series 2025-GT2, Class A</title>
        <cusip>53946TAF9</cusip>
        <identifiers>
          <isin value="US53946TAF93"/>
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        <balance>3280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3273910.68000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-16</maturityDt>
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          <annualizedRt>6.81100920</annualizedRt>
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      <invstOrSec>
        <name>LSTAR Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>LSTAR Commercial Mortgage Trust, Series 2017-5, Class D</title>
        <cusip>54910TAS1</cusip>
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          <isin value="US54910TAS15"/>
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        <balance>1790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1492746.51000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.84549200</annualizedRt>
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      <invstOrSec>
        <name>M&amp;T Bank Corp.</name>
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        <name>Multifamily Connecticut Avenue Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Multifamily Connecticut Avenue Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Multifamily Connecticut Avenue Securities Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Multifamily Connecticut Avenue Securities Trust</name>
        <lei>N/A</lei>
        <title>Multifamily Connecticut Avenue Securities Trust, Series 2025-01, Class B1</title>
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          <isin value="US62549CAC55"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Virgin Media Bristol LLC</name>
        <lei>213800IQ982XX69LE276</lei>
        <title>Virgin Media Bristol LLC, First Lien Facility Advance Term Loan Q</title>
        <cusip>G9368PBE3</cusip>
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          <isin value="XAG9368PBE34"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-31</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>NCL Corp. Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCL Corp. Ltd.</title>
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          <isin value="US62886HBR12"/>
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        <balance>3245000.00000000</balance>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NCMF Trust</name>
        <lei>N/A</lei>
        <title>NCMF Trust, Series 2025-MFS, Class E</title>
        <cusip>62887TAJ3</cusip>
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          <isin value="US62887TAJ34"/>
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        <balance>4165000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>7.77996720</annualizedRt>
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      <invstOrSec>
        <name>NCL Finance Ltd.</name>
        <lei>N/A</lei>
        <title>NCL Finance Ltd.</title>
        <cusip>62888HAA7</cusip>
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          <isin value="US62888HAA77"/>
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        <balance>2095000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2125471.78000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
        <cusip>629377DF6</cusip>
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        <balance>1850000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
        <cusip>629377DG4</cusip>
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        <balance>1850000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>BF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BF Mortgage Trust, Series 2019-NYT, Class F</title>
        <cusip>62954PAQ3</cusip>
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          <isin value="US62954PAQ37"/>
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        <balance>3438000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Nabors Industries, Inc.</name>
        <lei>549300VFQWRKICUFNU92</lei>
        <title>Nabors Industries, Inc.</title>
        <cusip>62957HAR6</cusip>
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        <balance>3150000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
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          <annualizedRt>7.62500000</annualizedRt>
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      <invstOrSec>
        <name>TruGreen Ltd. Partnership</name>
        <lei>N/A</lei>
        <title>TruGreen Ltd. Partnership, First Lien Term Loan B</title>
        <cusip>89787RAH5</cusip>
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          <isin value="US89787RAH57"/>
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        <balance>740669.16460000</balance>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.75217000</annualizedRt>
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      <invstOrSec>
        <name>National Fuel Gas Co.</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>National Fuel Gas Co.</title>
        <cusip>636180BR1</cusip>
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          <isin value="US636180BR19"/>
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        <balance>1695000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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      <invstOrSec>
        <name>Natixis Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>Natixis Commercial Mortgage Securities Trust, Series 2020-2PAC, Class AMZ1</title>
        <cusip>63875DAN1</cusip>
        <identifiers>
          <isin value="US63875DAN12"/>
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        <balance>3094800.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-15</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Navoi Mining &amp; Metallurgical Combinat</name>
        <lei>N/A</lei>
        <title>Navoi Mining &amp; Metallurgical Combinat</title>
        <cusip>63890CAA2</cusip>
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          <isin value="US63890CAA27"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>UZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Navoi Mining &amp; Metallurgical Combinat</name>
        <lei>N/A</lei>
        <title>Navoi Mining &amp; Metallurgical Combinat</title>
        <cusip>63890CAC8</cusip>
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        <balance>400000.00000000</balance>
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        <invCountry>UZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Newell Brands, Inc.</name>
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        <name>OCP SA</name>
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        <name>OBX Trust</name>
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        <name>OBX Trust</name>
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        <name>Petroleos Mexicanos</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PetSmart LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Plains All American Pipeline LP</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.80000000</annualizedRt>
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        <name>Point Broadband Funding LLC</name>
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          <isin value="US73052AAA97"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Poland</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Post Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Prime Healthcare Services, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Progress Residential Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Provincia de Cordoba</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Province of Santa Fe</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>QTS Issuer ABS II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Quad/Graphics, Inc.</name>
        <lei>W2D68G5NJH4X0NW8PT65</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>RCKT Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RCKT Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RIN V LLC</name>
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        <name>Rad CLO 25 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rakuten Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Raizen Fuels Finance SA</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Regatta XI Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Regatta XXII Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ReNew Treasury IFSC Pvt. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Retained Vantage Data Centers Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SCMS Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SESI LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SFAVE Commercial Mortgage Securities Trust</name>
        <lei>549300FIGODFFTOAAU64</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>SM Energy Co.</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SV RNO Property Owner 1 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SWCH Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Salesforce, Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>Salesforce, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sally Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>INEOS U.S. Petrochem LLC</name>
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        <title>INEOS U.S. Petrochem LLC, First Lien New Term Loan B1</title>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>Santander Bank Auto Credit-Linked Notes</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sasol Financing USA LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Sempra</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SEPLAT Energy plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sequoia Mortgage Trust</name>
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        <name>Shentel Issuer LLC</name>
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        <name>INVESCO GOVT AND AGCY LEX</name>
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        <name>Signal Peak CLO 12 Ltd.</name>
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        <name>Silver Point SCF CLO IV Ltd.</name>
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        <name>Sisecam UK plc</name>
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        <name>Sixth Street CLO XIV Ltd.</name>
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        <name>Delta Air Lines, Inc.</name>
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        <name>SKY Trust</name>
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        <name>Genesee &amp; Wyoming, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Suzano Austria GmbH</name>
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        <name>Suzano Austria GmbH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Switch ABS Issuer LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Glatfelter Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Synchrony Financial</name>
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        <title>Synchrony Financial</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Raven Acquisition Holdings LLC</name>
        <lei>N/A</lei>
        <title>Raven Acquisition Holdings LLC, First Lien 2024 Delayed Draw Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Raven Acquisition Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Champ Acquisition Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Terex Corp.</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>Terex Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Textron Financial Corp.</name>
        <lei>4E8B2CNXPE5P5AY03O18</lei>
        <title>Textron Financial Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Cloud Software Group, Inc.</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>Cloud Software Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Wand NewCo 3, Inc.</name>
        <lei>549300Y3VZEWMSQW8494</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>Transocean International Ltd.</title>
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        <invCountry>BM</invCountry>
        
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mavis Tire Express Services Topco Corp.</name>
        <lei>254900NVDM4GTLBL9E56</lei>
        <title>Mavis Tire Express Services Topco Corp., First Lien 2025 Incremental Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tricon American Homes</name>
        <lei>N/A</lei>
        <title>Tricon American Homes, Series 2020-SFR1, Class C</title>
        <cusip>89613GAC0</cusip>
        <identifiers>
          <isin value="US89613GAC06"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tricon American Homes</name>
        <lei>N/A</lei>
        <title>Tricon American Homes, Series 2020-SFR1, Class D</title>
        <cusip>89613GAD8</cusip>
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          <isin value="US89613GAD88"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>USB Realty Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Airlines Pass-Through Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Univision Communications, Inc.</name>
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        <name>Usiminas International SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Valaris Ltd.</name>
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        <name>Valley National Bancorp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Valvoline, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Auto Auction Group LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vantage Data Centers Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vedanta Resources Finance II plc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
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        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Gryphon Debt Merger Sub, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Victoria's Secret &amp; Co.</name>
        <lei>5493006T3O70U3UWVF17</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Victra Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Beach Acquisition Bidco LLC</name>
        <lei>254900F2FNX3GBTB6202</lei>
        <title>Beach Acquisition Bidco LLC, First Lien Tranche Term Loan B1</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Vistra Operations Co. LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>Vistra Operations Co. LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>WP Glimcher Mall Trust</name>
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        <name>WE Soda Investments Holding plc</name>
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        <name>Chariot Buyer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wayfair LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALLSPRING GOVT FUND LEX</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>549300SGFUCMB43V8P22</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Opal U.S. LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolis Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>Metropolis Technologies, Inc., First Lien Initial Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Western Midstream Operating LP</name>
        <lei>L6D8A6MLSY454J2JXJ60</lei>
        <title>Western Midstream Operating LP</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LSF12 Helix Parent LLC</name>
        <lei>254900H70V4IL22BHL88</lei>
        <title>LSF12 Helix Parent LLC, First Lien Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Windstream Services LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Uniti Services LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Columbus McKinnon Corp.</name>
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          <isin value="US19933MAS26"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Ensemble RCM LLC</name>
        <lei>N/A</lei>
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          <isin value="US29359BAH42"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-09</maturityDt>
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      <invstOrSec>
        <name>First Student Bidco, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>First Student Bidco, Inc.</name>
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          <isin value="US33718FAR10"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>White Cap Supply Holdings LLC</name>
        <lei>N/A</lei>
        <title>White Cap Supply Holdings LLC, First Lien Tranche Term Loan D</title>
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          <isin value="US96350TAK60"/>
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        <balance>3210000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-10</maturityDt>
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      <invstOrSec>
        <name>WULF Compute LLC</name>
        <lei>N/A</lei>
        <title>WULF Compute LLC</title>
        <cusip>982911AA7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>XPLR Infrastructure Operating Partners LP</name>
        <lei>549300KJEC5IUVJWR786</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>YPF SA</name>
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        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Yinson Bergenia Production BV</name>
        <lei>549300JDIAWKPMZD5256</lei>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Zayo Issuer LLC</name>
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          <isin value="US98919WAJ27"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Zayo Issuer LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of El Salvador</name>
        <lei>529900AKDMUSFSDOM949</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS0146173371"/>
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        <balance>1500000.00000000</balance>
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        <invCountry>SV</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Saudi Electricity Global Sukuk Co. 2</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>KazMunayGas National Co. JSC</name>
        <lei>2138001H1M69RFJCSH88</lei>
        <title>KazMunayGas National Co. JSC</title>
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        <identifiers>
          <isin value="XS1807300105"/>
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        <balance>1339000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>DP World Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>African Export-Import Bank (The)</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>African Development Bank</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Energean Israel Finance Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dar Al-Arkan Sukuk Co. Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Banque Ouest Africaine de Developpement</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>MAF Global Securities Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>OCP SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sobha Sukuk Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Republic of Ecuador</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GACI First Investment Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GACI First Investment Co.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cimko Cimento ve Beton Sanayi ve Ticaret A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Romania</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KSA Sukuk Ltd.</name>
        <lei>635400XBJFPNCGN9CK71</lei>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Zorlu Enerji Elektrik Uretim A/S</name>
        <lei>7890005B5CSNL39OYO75</lei>
        <title>Zorlu Enerji Elektrik Uretim A/S</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Cote d'Ivoire</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Omniyat Sukuk 1 Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Veon Midco BV</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Azule Energy Finance plc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ADNOC Murban RSC Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pegasus Hava Tasimaciligi A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Georgia JSC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Saudi Arabian Oil Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Uzbekistan International Bond</name>
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        <title>Uzbekistan Government Bond</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Kingdom of Saudi Arabia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Akbank TAS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kaspi.KZ JSC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greensaif Pipelines Bidco SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arabian Centres Sukuk III Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Abu Dhabi Government Bond</name>
        <lei>213800FER4348CINTA77</lei>
        <title>Abu Dhabi Government Bond</title>
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        <fairValLevel>2</fairValLevel>
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        <name>European Bank for Reconstruction &amp; Development</name>
        <lei>549300HTGDOVDU6OGK19</lei>
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        <invCountry>TR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Africa Finance Corp.</name>
        <lei>213800LXFHRRXIJRXW97</lei>
        <title>Africa Finance Corp.</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
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        <fairValLevel>2</fairValLevel>
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        <name>European Bank for Reconstruction &amp; Development</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>MAF Global Securities Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Africa Finance Corp.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fortune Star BVI Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Alpha Star Holding IX Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sobha Sukuk Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Romania</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Silk Road Group Holding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hikma Finance USA LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Republic of Ecuador</name>
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        <fairValLevel>2</fairValLevel>
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        <name>APICORP Sukuk Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>EnfraGen Energia Sur SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Digicel International Finance Ltd.</name>
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        <name>Avianca Midco 2 plc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of the Bahamas</name>
        <lei>549300W13SXC7EKNJC20</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP06518AL18"/>
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        <curCd>USD</curCd>
        <valUSD>2030203.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BS</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Banco Mercantil del Norte SA</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Banco Mercantil del Norte SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP1400MAE86"/>
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        <balance>1950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2107920.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Corp. Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>Corp. Nacional del Cobre de Chile</title>
        <cusip>N/A</cusip>
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          <isin value="USP3143NBT02"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>554560.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.44000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dominican Republic</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP3579ECH82"/>
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        <balance>610000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>574894.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</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>El Puerto de Liverpool SAB de CV</name>
        <lei>4469000001BO4JEXZL32</lei>
        <title>El Puerto de Liverpool SAB de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP3691NBM13"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>313020.00000000</valUSD>
        <pctVal>0.017898433788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.65800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of Costa Rica</name>
        <lei>549300S1EK2VN6XVJP58</lei>
        <title>Costa Rica Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP3699PGH49"/>
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        <balance>1950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2128620.00000000</valUSD>
        <pctVal>0.121714152868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Grupo Aeromexico SAB de CV</name>
        <lei>529900BECKHBL62WD126</lei>
        <title>Grupo Aeromexico SAB de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP4955JAB46"/>
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        <balance>1114000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1081331.39000000</valUSD>
        <pctVal>0.061830356806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Grupo Aeromexico SAB de CV</name>
        <lei>529900BECKHBL62WD126</lei>
        <title>Grupo Aeromexico SAB de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP4955JAC29"/>
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        <balance>286000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>277777.50000000</valUSD>
        <pctVal>0.015883273246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</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>Republic of Paraguay</name>
        <lei>529900UXKJTJPCU0HK83</lei>
        <title>Paraguay Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP75744AB11"/>
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        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>452700.00000000</valUSD>
        <pctVal>0.025885313961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Total Play Telecomunicaciones SA de CV</name>
        <lei>4469000001BSAPAMOQ06</lei>
        <title>Total Play Telecomunicaciones SA de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP9190PAG39"/>
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        <balance>1092500.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1079127.80000000</valUSD>
        <pctVal>0.061704355880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Total Play Telecomunicaciones SA de CV</name>
        <lei>4469000001BSAPAMOQ06</lei>
        <title>Total Play Telecomunicaciones SA de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP9190PAM07"/>
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        <balance>2200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2056755.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Euro-Bund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F2Y2EY1"/>
          <other otherDesc="Future Ticker" value="RXM6 Comdty"/>
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        <balance>1178.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>-762717.12000000</valUSD>
        <pctVal>-0.04361204354</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Eurex Clearing</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="RXM6 Comdty"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 10 Year Notes</title>
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          <other otherDesc="Inhouse Sedol" value="TYM6COM"/>
          <other otherDesc="Future Ticker" value="TYM6 Comdty"/>
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        <balance>100.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-42919.50000000</valUSD>
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        <assetCat>DIR</assetCat>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                  <ticker value="TYM6 Comdty"/>
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      <invstOrSec>
        <name>Kosmos Energy Ltd.</name>
        <lei>213800YDFJ3OT9B5P157</lei>
        <title>Kosmos Energy Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USU5007TAB18"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1521872.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kosmos Energy Ltd.</name>
        <lei>213800YDFJ3OT9B5P157</lei>
        <title>Kosmos Energy Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USU5007TAE56"/>
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        <balance>3080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2845981.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 10 Year Ultra Bonds</title>
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          <other otherDesc="Inhouse Sedol" value="UXYM6CO"/>
          <other otherDesc="Future Ticker" value="UXYM6 Comdty"/>
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        <balance>130.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-189207.85000000</valUSD>
        <pctVal>-0.01081887475</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Long</payOffProf>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>Ukraine Government Bond</title>
        <cusip>903724BZ4</cusip>
        <identifiers>
          <isin value="US903724BZ40"/>
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        <balance>735525.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>571121.78000000</valUSD>
        <pctVal>0.032656652496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bayfront Labs VII Pte. Ltd.</name>
        <lei>213800DAFLLBYWNXMG91</lei>
        <title>Bayfront Iabs VII Pte. Ltd., Series 7A, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3200746496"/>
        </identifiers>
        <balance>3084646.23000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3086830.16000000</valUSD>
        <pctVal>0.176504457335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.93627320</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>Freeport Indonesia PT</name>
        <lei>549300T4HTQHRKLNE619</lei>
        <title>Freeport Indonesia PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USY7141BAB90"/>
        </identifiers>
        <balance>2950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2952796.60000000</valUSD>
        <pctVal>0.168840439704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.31500000</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>Freeport Indonesia PT</name>
        <lei>549300T4HTQHRKLNE619</lei>
        <title>Freeport Indonesia PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USY7141BAC73"/>
        </identifiers>
        <balance>2845000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2790680.42000000</valUSD>
        <pctVal>0.159570662329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</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>Republic of Ecuador</name>
        <lei>5299003Y2U5XK0A35H71</lei>
        <title>Ecuador Government Bond</title>
        <cusip>27927WAQ5</cusip>
        <identifiers>
          <isin value="XS3285368380"/>
        </identifiers>
        <balance>1210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1234200.00000000</valUSD>
        <pctVal>0.070571359599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EC</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</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>International Finance Corp.</name>
        <lei>QKL54NQY28TCDAI75F60</lei>
        <title>International Finance Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3124532311"/>
        </identifiers>
        <balance>3600000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="4.95180000"/>
        <valUSD>712345.71000000</valUSD>
        <pctVal>0.040731814340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="Country classifications may be different than those used for compliance monitoring purposes." noteItem="C.5.a"/>
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>NEW YORK LIFE INVESTMENTS FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Jack Benintende</ncom:signature>
      <ncom:signerName>Jack Benintende</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
