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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AREIT Ltd.</name>
        <lei>N/A</lei>
        <title>AREIT Ltd., Series 2024-CRE9, Class A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>A&amp;D Mortgage Trust</name>
        <lei>N/A</lei>
        <title>A&amp;D Mortgage Trust, Series 2026-NQM3, Class A1</title>
        <cusip>00248BAC1</cusip>
        <identifiers>
          <isin value="US00248BAC19"/>
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        <curCd>USD</curCd>
        <valUSD>1991789.80000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Accredited Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Accredited Mortgage Loan Trust, Series 2006-1, Class M2</title>
        <cusip>004375EY3</cusip>
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          <isin value="US004375EY39"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ACE Securities Corp. Home Equity Loan Trust</name>
        <lei>N/A</lei>
        <title>ACE Securities Corp. Home Equity Loan Trust, Series 2004-HE3, Class M1</title>
        <cusip>004421HQ9</cusip>
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          <isin value="US004421HQ97"/>
          <other otherDesc="Inhouse Asset ID" value="004421HQ9"/>
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        <curCd>USD</curCd>
        <valUSD>184839.47000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.69878840</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Acore Issuer LLC</name>
        <lei>N/A</lei>
        <title>Acore Issuer LLC, Series 2026-FL1, Class A</title>
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          <isin value="US00485EAA10"/>
          <other otherDesc="Inhouse Asset ID" value="00485EAA1"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1999992.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.11101000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACRES Commercial Realty Issuer LLC</name>
        <lei>N/A</lei>
        <title>ACRES Commercial Realty Issuer LLC, Series 2026-FL4, Class A</title>
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          <isin value="US00501XAA90"/>
          <other otherDesc="Inhouse Asset ID" value="00501XAA9"/>
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        <balance>1385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1384994.04000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.36100840</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Affirm Master Trust</name>
        <lei>N/A</lei>
        <title>Affirm Master Trust, Series 2025-1A, Class B</title>
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          <isin value="US00833BAB45"/>
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        <curCd>USD</curCd>
        <valUSD>100486.90000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Affirm Master Trust</name>
        <lei>N/A</lei>
        <title>Affirm Master Trust, Series 2026-1A, Class A</title>
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          <isin value="US00833BAU26"/>
          <other otherDesc="Inhouse Asset ID" value="00833BAU2"/>
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        <curCd>USD</curCd>
        <valUSD>176133.74000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Affirm Master Trust</name>
        <lei>N/A</lei>
        <title>Affirm Master Trust, Series 2026-1A, Class B</title>
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          <isin value="US00833BAV09"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.57000000</annualizedRt>
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      <invstOrSec>
        <name>Affirm Master Trust</name>
        <lei>N/A</lei>
        <title>Affirm Master Trust, Series 2026-2A, Class A</title>
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          <isin value="US00833KAA60"/>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Affirm Asset Securitization Trust</name>
        <lei>N/A</lei>
        <title>Affirm Asset Securitization Trust, Series 2025-X1, Class B</title>
        <cusip>00834MAB9</cusip>
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          <isin value="US00834MAB90"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ajax Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Ajax Mortgage Loan Trust, Series 2020-C, Class C</title>
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          <isin value="US00969HAC51"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ajax Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Ajax Mortgage Loan Trust, Series 2021-G, Class A</title>
        <cusip>009703AA7</cusip>
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          <isin value="US009703AA74"/>
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        <balance>1077279.01000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Ajax Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Ajax Mortgage Loan Trust, Series 2021-G, Class B</title>
        <cusip>009703AB5</cusip>
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          <isin value="US009703AB57"/>
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        <balance>273328.72000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ajax Mortgage Loan Trust</name>
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        <title>Ajax Mortgage Loan Trust, Series 2021-G, Class C</title>
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          <isin value="US009703AC31"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ajax Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Ajax Mortgage Loan Trust, Series 2021-F, Class A</title>
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          <isin value="US00971FAA93"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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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>Ajax Mortgage Loan Trust</name>
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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>Ajax Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ajax Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALA Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alternative Loan Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Alternative Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alternative Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Home Mortgage Assets Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Anchorage Capital CLO 19 Ltd.</name>
        <lei>549300ZNOS7Q8W8H3S38</lei>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Anchorage Capital CLO 8 Ltd.</name>
        <lei>549300PKM3N9LK4JM015</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Angel Oak Mortgage Trust, Series 2021-5, Class A1</title>
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        <identifiers>
          <isin value="US03465HAA23"/>
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        <balance>2554179.89210000</balance>
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        <curCd>USD</curCd>
        <valUSD>2223313.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.95100120</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Apidos CLO XXXII</name>
        <lei>549300CXPXW83QGWOL98</lei>
        <title>Apidos CLO XXXII, Series 2019-32A, Class A1R</title>
        <cusip>03768RAQ9</cusip>
        <identifiers>
          <isin value="US03768RAQ92"/>
          <other otherDesc="Inhouse Asset ID" value="03768RAQ9"/>
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        <curCd>USD</curCd>
        <valUSD>166853.50000000</valUSD>
        <pctVal>0.028188840039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.77523080</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arbor Multifamily Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>Arbor Multifamily Mortgage Securities Trust, Series 2020-MF1, Class E</title>
        <cusip>03881BAS2</cusip>
        <identifiers>
          <isin value="US03881BAS25"/>
          <other otherDesc="Inhouse Asset ID" value="03881BAS2"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>617950.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arbor Realty Collateralized Loan Obligation Ltd.</name>
        <lei>N/A</lei>
        <title>Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class A</title>
        <cusip>03881UAA9</cusip>
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          <isin value="US03881UAA97"/>
          <other otherDesc="Inhouse Asset ID" value="03881UAA9"/>
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        <balance>347000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>347146.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.58218880</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARES Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>ARES Commercial Mortgage Trust, Series 2024-IND, Class A</title>
        <cusip>03990DAA5</cusip>
        <identifiers>
          <isin value="US03990DAA54"/>
          <other otherDesc="Inhouse Asset ID" value="03990DAA5"/>
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        <balance>1090000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1092043.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.34633840</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AREIT Ltd.</name>
        <lei>N/A</lei>
        <title>AREIT Ltd., Series 2023-CRE8, Class A</title>
        <cusip>04002BAA3</cusip>
        <identifiers>
          <isin value="US04002BAA35"/>
          <other otherDesc="Inhouse Asset ID" value="04002BAA3"/>
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        <balance>62367.42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>62343.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.77976040</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AREIT Trust</name>
        <lei>N/A</lei>
        <title>AREIT Trust, Series 2022-CRE6, Class A</title>
        <cusip>04002VAA9</cusip>
        <identifiers>
          <isin value="US04002VAA98"/>
          <other otherDesc="Inhouse Asset ID" value="04002VAA9"/>
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        <balance>250288.73000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250158.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.89013920</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ARES1</name>
        <lei>N/A</lei>
        <title>ARES1, Series 2024-IND2, Class A</title>
        <cusip>04021EAA4</cusip>
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          <isin value="US04021EAA47"/>
          <other otherDesc="Inhouse Asset ID" value="04021EAA4"/>
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        <balance>1060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1061656.25000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09771160</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ashford Hospitality Trust</name>
        <lei>N/A</lei>
        <title>Ashford Hospitality Trust, Series 2018-ASHF, Class D</title>
        <cusip>04410RAL0</cusip>
        <identifiers>
          <isin value="US04410RAL06"/>
          <other otherDesc="Inhouse Asset ID" value="04410RAL0"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>277200.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.92700040</annualizedRt>
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      <invstOrSec>
        <name>Ashford Hospitality Trust</name>
        <lei>N/A</lei>
        <title>Ashford Hospitality Trust, Series 2018-ASHF, Class E</title>
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          <isin value="US04410RAN61"/>
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        <balance>229000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.92700120</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABFC Trust</name>
        <lei>N/A</lei>
        <title>ABFC Trust, Series 2007-WMC1, Class A2B</title>
        <cusip>04545EAC7</cusip>
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          <isin value="US04545EAC75"/>
          <other otherDesc="Inhouse Asset ID" value="04545EAC7"/>
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        <balance>1389535.26930000</balance>
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        <curCd>USD</curCd>
        <valUSD>1192076.75000000</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>2037-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.76879040</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atrium Hotel Portfolio Trust</name>
        <lei>N/A</lei>
        <title>Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class A</title>
        <cusip>04963XAA2</cusip>
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          <isin value="US04963XAA28"/>
          <other otherDesc="Inhouse Asset ID" value="04963XAA2"/>
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        <balance>440000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.58952560</annualizedRt>
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      <invstOrSec>
        <name>Atrium Hotel Portfolio Trust</name>
        <lei>N/A</lei>
        <title>Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class E</title>
        <cusip>04963XAL8</cusip>
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          <isin value="US04963XAL82"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>376522.87000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.52014240</annualizedRt>
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      <invstOrSec>
        <name>Atrium Hotel Portfolio Trust</name>
        <lei>N/A</lei>
        <title>Atrium Hotel Portfolio Trust, Series 2025-ATRM, Class A</title>
        <cusip>049917AA5</cusip>
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          <isin value="US049917AA56"/>
          <other otherDesc="Inhouse Asset ID" value="049917AA5"/>
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        <balance>1524000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.30471160</annualizedRt>
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      <invstOrSec>
        <name>Atrium Hotel Portfolio Trust</name>
        <lei>N/A</lei>
        <title>Atrium Hotel Portfolio Trust, Series 2025-ATRM, Class F</title>
        <cusip>049917AL1</cusip>
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          <isin value="US049917AL12"/>
          <other otherDesc="Inhouse Asset ID" value="049917AL1"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207940.72000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.15471000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atrium Hotel Portfolio Trust</name>
        <lei>N/A</lei>
        <title>Atrium Hotel Portfolio Trust, Series 2025-ATRM, Class G</title>
        <cusip>049917AN7</cusip>
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          <isin value="US049917AN77"/>
          <other otherDesc="Inhouse Asset ID" value="049917AN7"/>
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        <balance>186000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>184221.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.40470920</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BCAP LLC Trust</name>
        <lei>N/A</lei>
        <title>BCAP LLC Trust, Series 2015-RR5, Class 2A3</title>
        <cusip>05490MAG2</cusip>
        <identifiers>
          <isin value="US05490MAG24"/>
          <other otherDesc="Inhouse Asset ID" value="05490MAG2"/>
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        <balance>823142.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>773282.40000000</valUSD>
        <pctVal>0.130641154540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.04134200</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>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2020-C7, Class XA</title>
        <cusip>05492VAG0</cusip>
        <identifiers>
          <isin value="US05492VAG05"/>
          <other otherDesc="Inhouse Asset ID" value="05492VAG0"/>
        </identifiers>
        <balance>2858220.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>112992.32000000</valUSD>
        <pctVal>0.019089335460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.69878240</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2020-C7, Class XB</title>
        <cusip>05492VAH8</cusip>
        <identifiers>
          <isin value="US05492VAH87"/>
          <other otherDesc="Inhouse Asset ID" value="05492VAH8"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35106.70000000</valUSD>
        <pctVal>0.005931054191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.07610120</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>BFLD Trust</name>
        <lei>N/A</lei>
        <title>BFLD Trust, Series 2020-EYP, Class E</title>
        <cusip>05493AAN0</cusip>
        <identifiers>
          <isin value="US05493AAN00"/>
          <other otherDesc="Inhouse Asset ID" value="05493AAN0"/>
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        <balance>120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>898.80000000</valUSD>
        <pctVal>0.000151846556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.46948160</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>BAMLL Trust</name>
        <lei>N/A</lei>
        <title>BAMLL Trust, Series 2024-BHP, Class A</title>
        <cusip>05493WAA0</cusip>
        <identifiers>
          <isin value="US05493WAA09"/>
          <other otherDesc="Inhouse Asset ID" value="05493WAA0"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>305551.14000000</valUSD>
        <pctVal>0.051620926198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.00471000</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>BAHA Trust</name>
        <lei>N/A</lei>
        <title>BAHA Trust, Series 2024-MAR, Class A</title>
        <cusip>05493XAA8</cusip>
        <identifiers>
          <isin value="US05493XAA81"/>
          <other otherDesc="Inhouse Asset ID" value="05493XAA8"/>
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        <balance>420000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>429252.10000000</valUSD>
        <pctVal>0.072519418433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.17072760</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAHA Trust</name>
        <lei>N/A</lei>
        <title>BAHA Trust, Series 2024-MAR, Class C</title>
        <cusip>05493XAG5</cusip>
        <identifiers>
          <isin value="US05493XAG51"/>
          <other otherDesc="Inhouse Asset ID" value="05493XAG5"/>
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        <balance>525000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>541299.26000000</valUSD>
        <pctVal>0.091449075109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.76631600</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAHA Trust</name>
        <lei>N/A</lei>
        <title>BAHA Trust, Series 2024-MAR, Class D</title>
        <cusip>05493XAJ9</cusip>
        <identifiers>
          <isin value="US05493XAJ90"/>
          <other otherDesc="Inhouse Asset ID" value="05493XAJ9"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1047204.10000000</valUSD>
        <pctVal>0.176918487558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.20418840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAMLL Trust</name>
        <lei>N/A</lei>
        <title>BAMLL Trust, Series 2025-ASHF, Class A</title>
        <cusip>05494CAA3</cusip>
        <identifiers>
          <isin value="US05494CAA36"/>
          <other otherDesc="Inhouse Asset ID" value="05494CAA3"/>
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        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>449997.66000000</valUSD>
        <pctVal>0.076024249152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.50500120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAMLL Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>BAMLL Commercial Mortgage Securities Trust, Series 2025-NASH, Class A</title>
        <cusip>05494PAA4</cusip>
        <identifiers>
          <isin value="US05494PAA49"/>
          <other otherDesc="Inhouse Asset ID" value="05494PAA4"/>
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        <balance>771000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>771481.88000000</valUSD>
        <pctVal>0.130336968111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.45470920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2022-C18, Class ASB</title>
        <cusip>054975AF4</cusip>
        <identifiers>
          <isin value="US054975AF43"/>
          <other otherDesc="Inhouse Asset ID" value="054975AF4"/>
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        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>676082.62000000</valUSD>
        <pctVal>0.114219868500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.94900000</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>BCAP LLC Trust</name>
        <lei>N/A</lei>
        <title>BCAP LLC Trust, Series 2012-RR3, Class 3A8</title>
        <cusip>05539BAZ7</cusip>
        <identifiers>
          <isin value="US05539BAZ76"/>
          <other otherDesc="Inhouse Asset ID" value="05539BAZ7"/>
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        <balance>1102530.31500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1005649.43000000</valUSD>
        <pctVal>0.169898089751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.81416400</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>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2018-TALL, Class A</title>
        <cusip>05548WAA5</cusip>
        <identifiers>
          <isin value="US05548WAA53"/>
          <other otherDesc="Inhouse Asset ID" value="05548WAA5"/>
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        <balance>1921000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1815345.00000000</valUSD>
        <pctVal>0.306691018299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.57400880</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2018-TALL, Class B</title>
        <cusip>05548WAC1</cusip>
        <identifiers>
          <isin value="US05548WAC10"/>
          <other otherDesc="Inhouse Asset ID" value="05548WAC1"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>138750.00000000</valUSD>
        <pctVal>0.023440932048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.82301000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2024-5C27, Class A3</title>
        <cusip>05555FAC8</cusip>
        <identifiers>
          <isin value="US05555FAC86"/>
          <other otherDesc="Inhouse Asset ID" value="05555FAC8"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46597.07000000</valUSD>
        <pctVal>0.007872279290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.01400000</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>BFLD Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BFLD Mortgage Trust, Series 2024-WRHS, Class A</title>
        <cusip>05555HAA8</cusip>
        <identifiers>
          <isin value="US05555HAA86"/>
          <other otherDesc="Inhouse Asset ID" value="05555HAA8"/>
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        <balance>1042871.66890000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1043518.56000000</valUSD>
        <pctVal>0.176295838962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.14680840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BFLD Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BFLD Commercial Mortgage Trust, Series 2025-660F, Class A</title>
        <cusip>05556QAA7</cusip>
        <identifiers>
          <isin value="US05556QAA76"/>
          <other otherDesc="Inhouse Asset ID" value="05556QAA7"/>
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        <balance>1377000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1377860.63000000</valUSD>
        <pctVal>0.232780810088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.15471040</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>BFLD Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BFLD Commercial Mortgage Trust, Series 2025-660F, Class D</title>
        <cusip>05556QAG4</cusip>
        <identifiers>
          <isin value="US05556QAG47"/>
          <other otherDesc="Inhouse Asset ID" value="05556QAG4"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50031.25000000</valUSD>
        <pctVal>0.008452462209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.40470960</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>BAMLL Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>BAMLL Commercial Mortgage Securities Trust, Series 2026-HRHB, Class A</title>
        <cusip>05557KAA9</cusip>
        <identifiers>
          <isin value="US05557KAA97"/>
          <other otherDesc="Inhouse Asset ID" value="05557KAA9"/>
        </identifiers>
        <balance>3188000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3188000.00000000</valUSD>
        <pctVal>0.538592370232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.36174000</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>BMP</name>
        <lei>N/A</lei>
        <title>BMP, Series 2024-MF23, Class A</title>
        <cusip>05593JAA8</cusip>
        <identifiers>
          <isin value="US05593JAA88"/>
          <other otherDesc="Inhouse Asset ID" value="05593JAA8"/>
        </identifiers>
        <balance>1055000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1055000.00000000</valUSD>
        <pctVal>0.178235555393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.02665120</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>BMP</name>
        <lei>N/A</lei>
        <title>BMP, Series 2024-MF23, Class E</title>
        <cusip>05593JAJ9</cusip>
        <identifiers>
          <isin value="US05593JAJ97"/>
          <other otherDesc="Inhouse Asset ID" value="05593JAJ9"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149725.41000000</valUSD>
        <pctVal>0.025295157922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.04376000</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>BPR Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BPR Commercial Mortgage Trust, Series 2024-PARK, Class D</title>
        <cusip>05593UAJ4</cusip>
        <identifiers>
          <isin value="US05593UAJ43"/>
          <other otherDesc="Inhouse Asset ID" value="05593UAJ4"/>
        </identifiers>
        <balance>231000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>239193.06000000</valUSD>
        <pctVal>0.040410149663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.23431520</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>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2025-ROIC, Class E</title>
        <cusip>05593VAN3</cusip>
        <identifiers>
          <isin value="US05593VAN38"/>
          <other otherDesc="Inhouse Asset ID" value="05593VAN3"/>
        </identifiers>
        <balance>236195.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>236195.79000000</valUSD>
        <pctVal>0.039903779916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.59599920</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>BPR Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BPR Mortgage Trust, Series 2025-ALDR, Class A</title>
        <cusip>05594EAA8</cusip>
        <identifiers>
          <isin value="US05594EAA82"/>
          <other otherDesc="Inhouse Asset ID" value="05594EAA8"/>
        </identifiers>
        <balance>618000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>632941.63000000</valUSD>
        <pctVal>0.106931471995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.67200000</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>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2025-JDI, Class A</title>
        <cusip>05594LAA2</cusip>
        <identifiers>
          <isin value="US05594LAA26"/>
          <other otherDesc="Inhouse Asset ID" value="05594LAA2"/>
        </identifiers>
        <balance>1151517.55300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1153676.65000000</valUSD>
        <pctVal>0.194906349248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.05470960</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>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2025-JDI, Class E</title>
        <cusip>05594LAJ3</cusip>
        <identifiers>
          <isin value="US05594LAJ35"/>
          <other otherDesc="Inhouse Asset ID" value="05594LAJ3"/>
        </identifiers>
        <balance>1009245.12000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1010506.68000000</valUSD>
        <pctVal>0.170718691316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.05471120</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>BSPDF Issuer LLC</name>
        <lei>N/A</lei>
        <title>BSPDF Issuer LLC, Series 2026-FL3, Class A</title>
        <cusip>05594VAA0</cusip>
        <identifiers>
          <isin value="US05594VAA08"/>
          <other otherDesc="Inhouse Asset ID" value="05594VAA0"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>998870.80000000</valUSD>
        <pctVal>0.168752883227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.11101000</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>BOS Trust</name>
        <lei>N/A</lei>
        <title>BOS Trust, Series 2026-LYRK, Class A</title>
        <cusip>05595BAA3</cusip>
        <identifiers>
          <isin value="US05595BAA35"/>
          <other otherDesc="Inhouse Asset ID" value="05595BAA3"/>
        </identifiers>
        <balance>1474000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1468227.96000000</valUSD>
        <pctVal>0.248047797057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.22141000</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>BOS Trust</name>
        <lei>N/A</lei>
        <title>BOS Trust, Series 2026-LYRK, Class E</title>
        <cusip>05595BAJ4</cusip>
        <identifiers>
          <isin value="US05595BAJ44"/>
          <other otherDesc="Inhouse Asset ID" value="05595BAJ4"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1494550.35000000</valUSD>
        <pctVal>0.252494797816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.03819000</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>BPR Trust</name>
        <lei>N/A</lei>
        <title>BPR Trust, Series 2022-SSP, Class A</title>
        <cusip>05602HAA1</cusip>
        <identifiers>
          <isin value="US05602HAA14"/>
          <other otherDesc="Inhouse Asset ID" value="05602HAA1"/>
        </identifiers>
        <balance>370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>369190.63000000</valUSD>
        <pctVal>0.062372414203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.65471160</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>BWAY Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BWAY Mortgage Trust, Series 2013-1515, Class C</title>
        <cusip>05604FAL9</cusip>
        <identifiers>
          <isin value="US05604FAL94"/>
          <other otherDesc="Inhouse Asset ID" value="05604FAL9"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>231250.35000000</valUSD>
        <pctVal>0.039068279210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.44620000</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>BWAY Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BWAY Mortgage Trust, Series 2013-1515, Class F</title>
        <cusip>05604FAS4</cusip>
        <identifiers>
          <isin value="US05604FAS48"/>
          <other otherDesc="Inhouse Asset ID" value="05604FAS4"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>128211.51000000</valUSD>
        <pctVal>0.021660521035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.05784800</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>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2019-OC11, Class E</title>
        <cusip>05606FAN3</cusip>
        <identifiers>
          <isin value="US05606FAN33"/>
          <other otherDesc="Inhouse Asset ID" value="05606FAN3"/>
        </identifiers>
        <balance>71000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65026.62000000</valUSD>
        <pctVal>0.010985834816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.07545560</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>BXP Trust</name>
        <lei>N/A</lei>
        <title>BXP Trust, Series 2021-601L, Class D</title>
        <cusip>05607TAJ1</cusip>
        <identifiers>
          <isin value="US05607TAJ16"/>
          <other otherDesc="Inhouse Asset ID" value="05607TAJ1"/>
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        <balance>540000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>438048.22000000</valUSD>
        <pctVal>0.074005467090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.86797600</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2022-VAMF, Class F</title>
        <cusip>05609TAL4</cusip>
        <identifiers>
          <isin value="US05609TAL44"/>
          <other otherDesc="Inhouse Asset ID" value="05609TAL4"/>
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        <balance>342461.39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>341501.44000000</valUSD>
        <pctVal>0.057694501257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.95370960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2022-IND, Class A</title>
        <cusip>05609WAA1</cusip>
        <identifiers>
          <isin value="US05609WAA18"/>
          <other otherDesc="Inhouse Asset ID" value="05609WAA1"/>
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        <balance>57722.38040000</balance>
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        <curCd>USD</curCd>
        <valUSD>57722.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.14571040</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-XL4, Class A</title>
        <cusip>05611VAA9</cusip>
        <identifiers>
          <isin value="US05611VAA98"/>
          <other otherDesc="Inhouse Asset ID" value="05611VAA9"/>
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        <balance>731252.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>731938.10000000</valUSD>
        <pctVal>0.123656297409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09673960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-XL4, Class D</title>
        <cusip>05611VAG6</cusip>
        <identifiers>
          <isin value="US05611VAG68"/>
          <other otherDesc="Inhouse Asset ID" value="05611VAG6"/>
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        <balance>204590.88000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205102.36000000</valUSD>
        <pctVal>0.034650742224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.79431960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2024-BIO, Class A</title>
        <cusip>05612AAA4</cusip>
        <identifiers>
          <isin value="US05612AAA43"/>
          <other otherDesc="Inhouse Asset ID" value="05612AAA4"/>
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        <balance>735000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>734081.25000000</valUSD>
        <pctVal>0.124018369002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.29670880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-MF, Class A</title>
        <cusip>05612EAA6</cusip>
        <identifiers>
          <isin value="US05612EAA64"/>
          <other otherDesc="Inhouse Asset ID" value="05612EAA6"/>
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        <balance>867745.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>868287.79000000</valUSD>
        <pctVal>0.146691712314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09631840</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>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-MF, Class E</title>
        <cusip>05612EAJ7</cusip>
        <identifiers>
          <isin value="US05612EAJ73"/>
          <other otherDesc="Inhouse Asset ID" value="05612EAJ7"/>
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        <balance>251469.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250687.93000000</valUSD>
        <pctVal>0.042352135008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.39301040</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>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-XL5, Class A</title>
        <cusip>05612GAA1</cusip>
        <identifiers>
          <isin value="US05612GAA13"/>
          <other otherDesc="Inhouse Asset ID" value="05612GAA1"/>
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        <balance>556270.00420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>556791.51000000</valUSD>
        <pctVal>0.094066392439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.04636120</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>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2024-CNYN, Class A</title>
        <cusip>05612HAA9</cusip>
        <identifiers>
          <isin value="US05612HAA95"/>
          <other otherDesc="Inhouse Asset ID" value="05612HAA9"/>
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        <balance>2281477.40470000</balance>
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        <curCd>USD</curCd>
        <valUSD>2285759.51000000</valUSD>
        <pctVal>0.386164564702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09658840</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2024-CNYN, Class E</title>
        <cusip>05612HAJ0</cusip>
        <identifiers>
          <isin value="US05612HAJ05"/>
          <other otherDesc="Inhouse Asset ID" value="05612HAJ0"/>
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        <balance>210323.72000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209335.66000000</valUSD>
        <pctVal>0.035365931396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.34334840</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-KING, Class A</title>
        <cusip>05612RAA7</cusip>
        <identifiers>
          <isin value="US05612RAA77"/>
          <other otherDesc="Inhouse Asset ID" value="05612RAA7"/>
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        <balance>384932.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>385270.60000000</valUSD>
        <pctVal>0.065089023097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.19575040</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>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2024-VLT4, Class A</title>
        <cusip>05612TAA3</cusip>
        <identifiers>
          <isin value="US05612TAA34"/>
          <other otherDesc="Inhouse Asset ID" value="05612TAA3"/>
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        <balance>776235.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>773809.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.14611360</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2024-VLT4, Class F</title>
        <cusip>05612TAL9</cusip>
        <identifiers>
          <isin value="US05612TAL98"/>
          <other otherDesc="Inhouse Asset ID" value="05612TAL9"/>
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        <balance>901930.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>892796.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.59258720</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-PALM, Class A</title>
        <cusip>05612UAA0</cusip>
        <identifiers>
          <isin value="US05612UAA07"/>
          <other otherDesc="Inhouse Asset ID" value="05612UAA0"/>
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        <balance>739903.85000000</balance>
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        <curCd>USD</curCd>
        <valUSD>739921.98000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.19571080</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-BRBK, Class B</title>
        <cusip>05613NAG2</cusip>
        <identifiers>
          <isin value="US05613NAG25"/>
          <other otherDesc="Inhouse Asset ID" value="05613NAG2"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125155.49000000</valUSD>
        <pctVal>0.021144225849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.59099960</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>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-AIR2, Class A</title>
        <cusip>05613QAA8</cusip>
        <identifiers>
          <isin value="US05613QAA85"/>
          <other otherDesc="Inhouse Asset ID" value="05613QAA8"/>
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        <balance>1697748.85260000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1700932.13000000</valUSD>
        <pctVal>0.287361689931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.14730160</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>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-AIR2, Class B</title>
        <cusip>05613QAC4</cusip>
        <identifiers>
          <isin value="US05613QAC42"/>
          <other otherDesc="Inhouse Asset ID" value="05613QAC4"/>
        </identifiers>
        <balance>479590.07100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>480789.05000000</valUSD>
        <pctVal>0.081226259103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.44687920</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>BXMT Ltd.</name>
        <lei>N/A</lei>
        <title>BXMT Ltd., Series 2025-FL5, Class A</title>
        <cusip>05613YAA1</cusip>
        <identifiers>
          <isin value="US05613YAA10"/>
          <other otherDesc="Inhouse Asset ID" value="05613YAA1"/>
        </identifiers>
        <balance>1124000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1127598.04000000</valUSD>
        <pctVal>0.190500533573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.29980840</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>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2025-LIFE, Class A</title>
        <cusip>05616HAA5</cusip>
        <identifiers>
          <isin value="US05616HAA59"/>
          <other otherDesc="Inhouse Asset ID" value="05616HAA5"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>998461.50000000</valUSD>
        <pctVal>0.168683734589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.07971960</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>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2026-VLT9, Class A</title>
        <cusip>05618UAA4</cusip>
        <identifiers>
          <isin value="US05618UAA43"/>
          <other otherDesc="Inhouse Asset ID" value="05618UAA4"/>
        </identifiers>
        <balance>5236000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5226182.50000000</valUSD>
        <pctVal>0.882930370120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.35470840</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>BPR Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BPR Commercial Mortgage Trust, Series 2025-STAR, Class A</title>
        <cusip>05619DAA1</cusip>
        <identifiers>
          <isin value="US05619DAA19"/>
          <other otherDesc="Inhouse Asset ID" value="05619DAA1"/>
        </identifiers>
        <balance>860000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>850385.03000000</valUSD>
        <pctVal>0.143667154616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.11196040</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>BPR Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BPR Commercial Mortgage Trust, Series 2025-STAR, Class C</title>
        <cusip>05619DAE3</cusip>
        <identifiers>
          <isin value="US05619DAE31"/>
          <other otherDesc="Inhouse Asset ID" value="05619DAE3"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>786746.48000000</valUSD>
        <pctVal>0.132915825418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.06076920</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>BRES Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BRES Commercial Mortgage Trust, Series 2025-ATCAP, Class A</title>
        <cusip>05619GAA4</cusip>
        <identifiers>
          <isin value="US05619GAA40"/>
          <other otherDesc="Inhouse Asset ID" value="05619GAA4"/>
        </identifiers>
        <balance>789000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>787827.70000000</valUSD>
        <pctVal>0.133098490676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.14850040</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>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2025-OMG, Class A</title>
        <cusip>05619HAA2</cusip>
        <identifiers>
          <isin value="US05619HAA23"/>
          <other otherDesc="Inhouse Asset ID" value="05619HAA2"/>
        </identifiers>
        <balance>1044000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1044000.00000000</valUSD>
        <pctVal>0.176377175195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00500080</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>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2025-VOLT, Class A</title>
        <cusip>05619PAA4</cusip>
        <identifiers>
          <isin value="US05619PAA49"/>
          <other otherDesc="Inhouse Asset ID" value="05619PAA4"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2998125.00000000</valUSD>
        <pctVal>0.506514193853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.35470840</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>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2025-VOLT, Class B</title>
        <cusip>05619PAC0</cusip>
        <identifiers>
          <isin value="US05619PAC05"/>
          <other otherDesc="Inhouse Asset ID" value="05619PAC0"/>
        </identifiers>
        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>324593.75000000</valUSD>
        <pctVal>0.054838054320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.75471160</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>BOCA Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class A</title>
        <cusip>05619RAA0</cusip>
        <identifiers>
          <isin value="US05619RAA05"/>
          <other otherDesc="Inhouse Asset ID" value="05619RAA0"/>
        </identifiers>
        <balance>840000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>841050.00000000</valUSD>
        <pctVal>0.142090060534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.25471120</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>Ballyrock CLO Ltd.</name>
        <lei>254900EJNL3EAF77OS82</lei>
        <title>Ballyrock CLO Ltd., Series 2019-1A, Class CR</title>
        <cusip>05875JAQ2</cusip>
        <identifiers>
          <isin value="US05875JAQ22"/>
          <other otherDesc="Inhouse Asset ID" value="05875JAQ2"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1005769.80000000</valUSD>
        <pctVal>0.169918425498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.98470920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banc of America Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Banc of America Mortgage Trust, Series 2005-I, Class 2A5</title>
        <cusip>05949CHU3</cusip>
        <identifiers>
          <isin value="US05949CHU36"/>
          <other otherDesc="Inhouse Asset ID" value="05949CHU3"/>
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        <balance>56667.38880000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53713.06000000</valUSD>
        <pctVal>0.009074480645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.50605880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK</name>
        <lei>N/A</lei>
        <title>BANK, Series 2017-BNK9, Class XA</title>
        <cusip>06540RAF1</cusip>
        <identifiers>
          <isin value="US06540RAF10"/>
          <other otherDesc="Inhouse Asset ID" value="06540RAF1"/>
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        <balance>2779929.98000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24455.60000000</valUSD>
        <pctVal>0.004131618434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.84660120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK</name>
        <lei>N/A</lei>
        <title>BANK, Series 2021-BN33, Class A3</title>
        <cusip>06541CBD7</cusip>
        <identifiers>
          <isin value="US06541CBD74"/>
          <other otherDesc="Inhouse Asset ID" value="06541CBD7"/>
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        <balance>208134.71000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>195268.16000000</valUSD>
        <pctVal>0.032989316538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.02100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK</name>
        <lei>N/A</lei>
        <title>BANK, Series 2025-BNK51, Class A5</title>
        <cusip>06541HAE5</cusip>
        <identifiers>
          <isin value="US06541HAE53"/>
          <other otherDesc="Inhouse Asset ID" value="06541HAE5"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81341.26000000</valUSD>
        <pctVal>0.013742089718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.29000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays Mortgage 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>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Barclays Mortgage Loan Trust, Series 2026-NQM2, Class B1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Barclays Mortgage Loan Trust, Series 2025-NQM3, Class A1</title>
        <cusip>06745VAA6</cusip>
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          <isin value="US06745VAA61"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.64000120</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Battalion CLO XXIV Ltd.</name>
        <lei>549300ALTGBNQDUY5038</lei>
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          <isin value="US07135JAN19"/>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>BAY Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BAY Mortgage Trust, Series 2025-LIVN, Class A</title>
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          <isin value="US072925AA82"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Bayview Commercial Asset Trust</name>
        <lei>N/A</lei>
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          <isin value="US07324NAB91"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bayview Commercial Asset Trust</name>
        <lei>N/A</lei>
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          <isin value="US07325BAB45"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2023-C20, Class XA</title>
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          <isin value="US07336DAY76"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Bear Stearns ALT-A Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bear Stearns Asset-Backed Securities I Trust</name>
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        <title>Bear Stearns Asset-Backed Securities I Trust, Series 2006-HE8, Class 1A3</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bear Stearns Asset-Backed Securities I Trust</name>
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        <title>Bear Stearns Asset-Backed Securities I Trust, Series 2006-HE9, Class M1</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bear Stearns Asset-Backed Securities I Trust</name>
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        <title>Bear Stearns Asset-Backed Securities I Trust, Series 2007-HE2, Class 22A</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Bear Stearns Asset-Backed Securities I Trust</name>
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        <title>Bear Stearns Asset-Backed Securities I Trust, Series 2007-HE2, Class 1A4</title>
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          <other otherDesc="Inhouse Asset ID" value="07389YAV3"/>
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        <curCd>USD</curCd>
        <valUSD>656842.99000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2018-B4, Class ASB</title>
        <cusip>08161HAD2</cusip>
        <identifiers>
          <isin value="US08161HAD26"/>
          <other otherDesc="Inhouse Asset ID" value="08161HAD2"/>
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        <balance>43726.87350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43623.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.05900000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2020-B17, Class XB</title>
        <cusip>08162MBA5</cusip>
        <identifiers>
          <isin value="US08162MBA53"/>
          <other otherDesc="Inhouse Asset ID" value="08162MBA5"/>
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        <balance>15395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>244526.64000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.63550440</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2023-V3, Class XA</title>
        <cusip>08163VAD9</cusip>
        <identifiers>
          <isin value="US08163VAD91"/>
          <other otherDesc="Inhouse Asset ID" value="08163VAD9"/>
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        <balance>19971913.54000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>303918.60000000</valUSD>
        <pctVal>0.051345118924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.05231960</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>Benefit Street Partners CLO XXVII Ltd.</name>
        <lei>254900WANE6M5S0NC534</lei>
        <title>Benefit Street Partners CLO XXVII Ltd., Series 2022-27A, Class AR</title>
        <cusip>08179PAQ5</cusip>
        <identifiers>
          <isin value="US08179PAQ54"/>
          <other otherDesc="Inhouse Asset ID" value="08179PAQ5"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001734.70000000</valUSD>
        <pctVal>0.169236720958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.04523080</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>BFLD Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BFLD Commercial Mortgage Trust, Series 2024-UNIV, Class E</title>
        <cusip>08861RAJ0</cusip>
        <identifiers>
          <isin value="US08861RAJ05"/>
          <other otherDesc="Inhouse Asset ID" value="08861RAJ0"/>
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        <balance>210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>210131.25000000</valUSD>
        <pctVal>0.035500341278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.29424080</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>BFLD Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BFLD Commercial Mortgage Trust, Series 2025-5MW, Class F</title>
        <cusip>088921AF8</cusip>
        <identifiers>
          <isin value="US088921AF87"/>
          <other otherDesc="Inhouse Asset ID" value="088921AF8"/>
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        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>562680.47000000</valUSD>
        <pctVal>0.095061294862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.15456680</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>BHMS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BHMS Commercial Mortgage Trust, Series 2025-ATLS, Class A</title>
        <cusip>088928AA4</cusip>
        <identifiers>
          <isin value="US088928AA44"/>
          <other otherDesc="Inhouse Asset ID" value="088928AA4"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1501875.00000000</valUSD>
        <pctVal>0.253732250954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.50470960</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>Birch Grove CLO 8 Ltd.</name>
        <lei>254900WH1INTG23INE62</lei>
        <title>Birch Grove CLO 8 Ltd., Series 2024-8A, Class A1R</title>
        <cusip>09077TAN5</cusip>
        <identifiers>
          <isin value="US09077TAN54"/>
          <other otherDesc="Inhouse Asset ID" value="09077TAN5"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2003696.00000000</valUSD>
        <pctVal>0.338511724550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.96523160</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>BRAVO Residential Funding Trust</name>
        <lei>N/A</lei>
        <title>BRAVO Residential Funding Trust, Series 2023-NQM6, Class B1</title>
        <cusip>10569DAE3</cusip>
        <identifiers>
          <isin value="US10569DAE31"/>
          <other otherDesc="Inhouse Asset ID" value="10569DAE3"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501268.55000000</valUSD>
        <pctVal>0.084686140673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.95425040</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>BRAVO Residential Funding Trust</name>
        <lei>254900TZWRKTBX2YNW23</lei>
        <title>BRAVO Residential Funding Trust, Series 2025-NQM2, Class B1</title>
        <cusip>10569NAG6</cusip>
        <identifiers>
          <isin value="US10569NAG60"/>
          <other otherDesc="Inhouse Asset ID" value="10569NAG6"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>507692.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.27452720</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>BRAVO Residential Funding Trust</name>
        <lei>254900TZWRKTBX2YNW23</lei>
        <title>BRAVO Residential Funding Trust, Series 2025-NQM2, Class B2</title>
        <cusip>10569NAH4</cusip>
        <identifiers>
          <isin value="US10569NAH44"/>
          <other otherDesc="Inhouse Asset ID" value="10569NAH4"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>492423.10000000</valUSD>
        <pctVal>0.083191758025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.27452720</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust</name>
        <lei>254900U9H6FFPW4O4S55</lei>
        <title>BRAVO Residential Funding Trust, Series 2025-NQM6, Class A1</title>
        <cusip>10570MAC4</cusip>
        <identifiers>
          <isin value="US10570MAC47"/>
          <other otherDesc="Inhouse Asset ID" value="10570MAC4"/>
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        <balance>572598.51000000</balance>
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        <curCd>USD</curCd>
        <valUSD>574199.61000000</valUSD>
        <pctVal>0.097007380469</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.33300040</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>BRAVO Residential Funding Trust</name>
        <lei>N/A</lei>
        <title>BRAVO Residential Funding Trust, Series 2026-NQM2, Class A1LC</title>
        <cusip>105934AB9</cusip>
        <identifiers>
          <isin value="US105934AB96"/>
          <other otherDesc="Inhouse Asset ID" value="105934AB9"/>
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        <balance>480190.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>476061.57000000</valUSD>
        <pctVal>0.080427581356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.77100080</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>BRCK Trust</name>
        <lei>N/A</lei>
        <title>BRCK Trust, Series 2025-830B, Class A</title>
        <cusip>10635AAA7</cusip>
        <identifiers>
          <isin value="US10635AAA79"/>
          <other otherDesc="Inhouse Asset ID" value="10635AAA7"/>
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        <balance>536000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>532447.23000000</valUSD>
        <pctVal>0.089953580812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.95563040</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>BRCK Trust</name>
        <lei>N/A</lei>
        <title>BRCK Trust, Series 2025-830B, Class F</title>
        <cusip>10635AAN9</cusip>
        <identifiers>
          <isin value="US10635AAN90"/>
          <other otherDesc="Inhouse Asset ID" value="10635AAN9"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>349339.97000000</valUSD>
        <pctVal>0.059018771160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.40007080</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>Bryant Park Funding Ltd.</name>
        <lei>3912003A96YDRT8EGP15</lei>
        <title>Bryant Park Funding Ltd., Series 2024-24A, Class A1</title>
        <cusip>11766DAA0</cusip>
        <identifiers>
          <isin value="US11766DAA00"/>
          <other otherDesc="Inhouse Asset ID" value="11766DAA0"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5009989.00000000</valUSD>
        <pctVal>0.846405850172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.07309840</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>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-GPA3, Class A</title>
        <cusip>123910AA9</cusip>
        <identifiers>
          <isin value="US123910AA98"/>
          <other otherDesc="Inhouse Asset ID" value="123910AA9"/>
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        <balance>392062.53250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>392552.61000000</valUSD>
        <pctVal>0.066319272478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.94753040</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>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2025-TAIL, Class E</title>
        <cusip>123912AJ6</cusip>
        <identifiers>
          <isin value="US123912AJ63"/>
          <other otherDesc="Inhouse Asset ID" value="123912AJ6"/>
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        <balance>142000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>142001.51000000</valUSD>
        <pctVal>0.023990254029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.95471040</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>BWAY Trust</name>
        <lei>N/A</lei>
        <title>BWAY Trust, Series 2025-1535, Class A</title>
        <cusip>12430BAA8</cusip>
        <identifiers>
          <isin value="US12430BAA89"/>
          <other otherDesc="Inhouse Asset ID" value="12430BAA8"/>
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        <balance>293000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>296028.45000000</valUSD>
        <pctVal>0.050012128149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.51930840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-MDHS, Class A</title>
        <cusip>12433BAA5</cusip>
        <identifiers>
          <isin value="US12433BAA52"/>
          <other otherDesc="Inhouse Asset ID" value="12433BAA5"/>
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        <balance>239844.66000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>239919.61000000</valUSD>
        <pctVal>0.040532895676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.29601040</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>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-AIRC, Class A</title>
        <cusip>12433CAA3</cusip>
        <identifiers>
          <isin value="US12433CAA36"/>
          <other otherDesc="Inhouse Asset ID" value="12433CAA3"/>
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        <balance>1279195.46000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1282756.74000000</valUSD>
        <pctVal>0.216713611364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.34594960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2025-BCAT, Class A</title>
        <cusip>12433HAA2</cusip>
        <identifiers>
          <isin value="US12433HAA23"/>
          <other otherDesc="Inhouse Asset ID" value="12433HAA2"/>
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        <balance>1527438.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1528870.89000000</valUSD>
        <pctVal>0.258293035264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.03471160</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>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2025-BCAT, Class E</title>
        <cusip>12433HAJ3</cusip>
        <identifiers>
          <isin value="US12433HAJ32"/>
          <other otherDesc="Inhouse Asset ID" value="12433HAJ3"/>
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        <balance>942863.54200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>946399.28000000</valUSD>
        <pctVal>0.159888152886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.15470840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2025-VLT6, Class A</title>
        <cusip>12433KAA5</cusip>
        <identifiers>
          <isin value="US12433KAA51"/>
          <other otherDesc="Inhouse Asset ID" value="12433KAA5"/>
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        <balance>1565000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1558153.13000000</valUSD>
        <pctVal>0.263240083899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09790960</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>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2026-CART, Class A</title>
        <cusip>12433MAA1</cusip>
        <identifiers>
          <isin value="US12433MAA18"/>
          <other otherDesc="Inhouse Asset ID" value="12433MAA1"/>
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        <balance>4745000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4701998.44000000</valUSD>
        <pctVal>0.794372799444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.70471040</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>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2026-XL6, Class E</title>
        <cusip>12433NAJ0</cusip>
        <identifiers>
          <isin value="US12433NAJ00"/>
          <other otherDesc="Inhouse Asset ID" value="12433NAJ0"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1490674.20000000</valUSD>
        <pctVal>0.251839946870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.65471160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Credit-Based Asset Servicing &amp; Securitization LLC</name>
        <lei>N/A</lei>
        <title>Credit-Based Asset Servicing &amp; Securitization LLC, Series 2007-CB6, Class A4</title>
        <cusip>1248RHAD9</cusip>
        <identifiers>
          <isin value="US1248RHAD96"/>
          <other otherDesc="Inhouse Asset ID" value="1248RHAD9"/>
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        <balance>1266138.80280000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>843171.71000000</valUSD>
        <pctVal>0.142448509975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.10879160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENT</name>
        <lei>N/A</lei>
        <title>CENT, Series 2025-CITY, Class A</title>
        <cusip>12517TAA5</cusip>
        <identifiers>
          <isin value="US12517TAA51"/>
          <other otherDesc="Inhouse Asset ID" value="12517TAA5"/>
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        <balance>101000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101469.37000000</valUSD>
        <pctVal>0.017142606177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.09092560</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>CFK Trust</name>
        <lei>N/A</lei>
        <title>CFK Trust, Series 2019-FAX, Class D</title>
        <cusip>12528XAJ4</cusip>
        <identifiers>
          <isin value="US12528XAJ46"/>
          <other otherDesc="Inhouse Asset ID" value="12528XAJ4"/>
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        <balance>672000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>641661.75000000</valUSD>
        <pctVal>0.108404680934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.79116080</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>CFK Trust</name>
        <lei>N/A</lei>
        <title>CFK Trust, Series 2020-MF2, Class B</title>
        <cusip>12529AAC8</cusip>
        <identifiers>
          <isin value="US12529AAC80"/>
          <other otherDesc="Inhouse Asset ID" value="12529AAC8"/>
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        <balance>336000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>312392.40000000</valUSD>
        <pctVal>0.052776713663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.79200000</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>CFMT LLC</name>
        <lei>984500D67D63D8645054</lei>
        <title>CFMT LLC, Series 2024-HB13, Class M2</title>
        <cusip>12530VAC9</cusip>
        <identifiers>
          <isin value="US12530VAC90"/>
          <other otherDesc="Inhouse Asset ID" value="12530VAC9"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>731198.48000000</valUSD>
        <pctVal>0.123531343304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.99999880</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>CFMT LLC</name>
        <lei>984500D67D63D8645054</lei>
        <title>CFMT LLC, Series 2024-HB13, Class M3</title>
        <cusip>12530VAD7</cusip>
        <identifiers>
          <isin value="US12530VAD73"/>
          <other otherDesc="Inhouse Asset ID" value="12530VAD7"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1160377.92000000</valUSD>
        <pctVal>0.196038486291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.99999880</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>CFMT LLC</name>
        <lei>9845005986F840FBE847</lei>
        <title>CFMT LLC, Series 2024-HB14, Class M2</title>
        <cusip>12530XAC5</cusip>
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          <isin value="US12530XAC56"/>
          <other otherDesc="Inhouse Asset ID" value="12530XAC5"/>
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        <balance>236039.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>228995.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.99999880</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CFMT LLC</name>
        <lei>9845005986F840FBE847</lei>
        <title>CFMT LLC, Series 2024-HB14, Class M3</title>
        <cusip>12530XAD3</cusip>
        <identifiers>
          <isin value="US12530XAD30"/>
          <other otherDesc="Inhouse Asset ID" value="12530XAD3"/>
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        <balance>459116.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>443482.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.99999880</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2006-21, Class A11</title>
        <cusip>12543PAL7</cusip>
        <identifiers>
          <isin value="US12543PAL76"/>
          <other otherDesc="Inhouse Asset ID" value="12543PAL7"/>
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        <balance>1153813.71000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>461042.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2007-8, Class 1A4</title>
        <cusip>12545AAD6</cusip>
        <identifiers>
          <isin value="US12545AAD63"/>
          <other otherDesc="Inhouse Asset ID" value="12545AAD6"/>
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        <balance>320846.53240000</balance>
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        <curCd>USD</curCd>
        <valUSD>130506.77000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIFC Funding 2023-II Ltd.</name>
        <lei>N/A</lei>
        <title>CIFC Funding 2023-II Ltd., Series 2023-2A, Class D1R</title>
        <cusip>125488AS5</cusip>
        <identifiers>
          <isin value="US125488AS53"/>
          <other otherDesc="Inhouse Asset ID" value="125488AS5"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1989998.60000000</valUSD>
        <pctVal>0.336197635738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.12213840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIM Trust</name>
        <lei>N/A</lei>
        <title>CIM Trust, Series 2019-J2, Class B6</title>
        <cusip>12558TBL0</cusip>
        <identifiers>
          <isin value="US12558TBL08"/>
          <other otherDesc="Inhouse Asset ID" value="12558TBL0"/>
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        <balance>1824792.36070000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>966172.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.76346160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CitiMortgage Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>CitiMortgage Alternative Loan Trust, Series 2007-A5, Class 1A6</title>
        <cusip>12566WAF7</cusip>
        <identifiers>
          <isin value="US12566WAF77"/>
          <other otherDesc="Inhouse Asset ID" value="12566WAF7"/>
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        <balance>391210.66070000</balance>
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        <curCd>USD</curCd>
        <valUSD>364610.33000000</valUSD>
        <pctVal>0.061598601582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLIP Trust</name>
        <lei>N/A</lei>
        <title>CLIP Trust, Series 2026-NQM1, Class A1</title>
        <cusip>12570SAE3</cusip>
        <identifiers>
          <isin value="US12570SAE37"/>
          <other otherDesc="Inhouse Asset ID" value="12570SAE3"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1999998.40000000</valUSD>
        <pctVal>0.337887038493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2071-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.22100080</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>CIM Trust</name>
        <lei>N/A</lei>
        <title>CIM Trust, Series 2025-I1, Class B1B</title>
        <cusip>12571DAF2</cusip>
        <identifiers>
          <isin value="US12571DAF24"/>
          <other otherDesc="Inhouse Asset ID" value="12571DAF2"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002442.68000000</valUSD>
        <pctVal>0.169356329687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.50609000</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>CIP Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CIP Commercial Mortgage Trust, Series 2025-SBAY, Class E</title>
        <cusip>12576AAJ5</cusip>
        <identifiers>
          <isin value="US12576AAJ51"/>
          <other otherDesc="Inhouse Asset ID" value="12576AAJ5"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250861.58000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.40471040</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIFC Funding 2026-I Ltd.</name>
        <lei>N/A</lei>
        <title>CIFC Funding 2026-I Ltd., Series 2026-1A, Class A1</title>
        <cusip>12576MAA8</cusip>
        <identifiers>
          <isin value="US12576MAA80"/>
          <other otherDesc="Inhouse Asset ID" value="12576MAA8"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5001192.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.82193000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHI Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CHI Commercial Mortgage Trust, Series 2025-110W, Class D</title>
        <cusip>12577HAG5</cusip>
        <identifiers>
          <isin value="US12577HAG56"/>
          <other otherDesc="Inhouse Asset ID" value="12577HAG5"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>245125.85000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.62860080</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSAIL Commercial Mortgage Trust, Series 2018-C14, Class XA</title>
        <cusip>12596GBB4</cusip>
        <identifiers>
          <isin value="US12596GBB41"/>
          <other otherDesc="Inhouse Asset ID" value="12596GBB4"/>
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        <balance>1014131.11000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10265.74000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.66884760</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CRSNT Trust</name>
        <lei>N/A</lei>
        <title>CRSNT Trust, Series 2026-MOON, Class A</title>
        <cusip>12642SAA5</cusip>
        <identifiers>
          <isin value="US12642SAA50"/>
          <other otherDesc="Inhouse Asset ID" value="12642SAA5"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1497195.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.05470960</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CSMC Trust</name>
        <lei>N/A</lei>
        <title>CSMC Trust, Series 2010-6R, Class 2A6B</title>
        <cusip>12643PAU6</cusip>
        <identifiers>
          <isin value="US12643PAU66"/>
          <other otherDesc="Inhouse Asset ID" value="12643PAU6"/>
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        <balance>418055.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>434646.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
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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>CSMC Trust</name>
        <lei>N/A</lei>
        <title>CSMC Trust, Series 2015-6R, Class 5A2</title>
        <cusip>12650EBQ9</cusip>
        <identifiers>
          <isin value="US12650EBQ98"/>
          <other otherDesc="Inhouse Asset ID" value="12650EBQ9"/>
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        <balance>1208467.19060000</balance>
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        <curCd>USD</curCd>
        <valUSD>1023227.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.94878960</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COLT Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>COLT Mortgage Loan Trust, Series 2022-3, Class B2</title>
        <cusip>12659YAF1</cusip>
        <identifiers>
          <isin value="US12659YAF16"/>
          <other otherDesc="Inhouse Asset ID" value="12659YAF1"/>
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        <balance>1631047.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1369202.96000000</valUSD>
        <pctVal>0.231318151680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.21628760</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>CSMC Trust</name>
        <lei>N/A</lei>
        <title>CSMC Trust, Series 2022-LION, Class A</title>
        <cusip>12660TAA0</cusip>
        <identifiers>
          <isin value="US12660TAA07"/>
          <other otherDesc="Inhouse Asset ID" value="12660TAA0"/>
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        <balance>480000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>478078.13000000</valUSD>
        <pctVal>0.080768266371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.09449840</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>CSMC Trust</name>
        <lei>N/A</lei>
        <title>CSMC Trust, Series 2022-ATH2, Class A1</title>
        <cusip>12665WAC4</cusip>
        <identifiers>
          <isin value="US12665WAC47"/>
          <other otherDesc="Inhouse Asset ID" value="12665WAC4"/>
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        <balance>761245.72000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>759216.77000000</valUSD>
        <pctVal>0.128264855606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.54700160</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>CWABS Asset-Backed Certificates Trust</name>
        <lei>N/A</lei>
        <title>CWABS Asset-Backed Certificates Trust, Series 2006-22, Class M1</title>
        <cusip>12666BAF2</cusip>
        <identifiers>
          <isin value="US12666BAF22"/>
          <other otherDesc="Inhouse Asset ID" value="12666BAF2"/>
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        <balance>2235397.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2179512.97000000</valUSD>
        <pctVal>0.368214885967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.11378840</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>Countrywide Asset-Backed Certificates</name>
        <lei>N/A</lei>
        <title>Countrywide Asset-Backed Certificates, Series 2002-BC3, Class M2</title>
        <cusip>126671RF5</cusip>
        <identifiers>
          <isin value="US126671RF54"/>
          <other otherDesc="Inhouse Asset ID" value="126671RF5"/>
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        <balance>933852.66940000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>951272.29000000</valUSD>
        <pctVal>0.160711417003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.49379080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CWABS, Inc. Asset-Backed Certificates Trust</name>
        <lei>N/A</lei>
        <title>CWABS, Inc. Asset-Backed Certificates Trust, Series 2004-6, Class 2A4</title>
        <cusip>126673BB7</cusip>
        <identifiers>
          <isin value="US126673BB70"/>
          <other otherDesc="Inhouse Asset ID" value="126673BB7"/>
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        <balance>7797.47000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7687.38000000</valUSD>
        <pctVal>0.001298734069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.66878960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust, Series 2005-54CB, Class 3A1</title>
        <cusip>12668APL3</cusip>
        <identifiers>
          <isin value="US12668APL34"/>
          <other otherDesc="Inhouse Asset ID" value="12668APL3"/>
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        <balance>1048401.35000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>512550.73000000</valUSD>
        <pctVal>0.086592193392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust, Series 2005-55CW, Class 2A3</title>
        <cusip>12668AUP8</cusip>
        <identifiers>
          <isin value="US12668AUP82"/>
          <other otherDesc="Inhouse Asset ID" value="12668AUP8"/>
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        <balance>534729.74080000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>391569.49000000</valUSD>
        <pctVal>0.066153180592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.11878880</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>Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust, Series 2005-79CB, Class A1</title>
        <cusip>12668BAA1</cusip>
        <identifiers>
          <isin value="US12668BAA17"/>
          <other otherDesc="Inhouse Asset ID" value="12668BAA1"/>
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        <balance>1674718.61670000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>789622.96000000</valUSD>
        <pctVal>0.133401788461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.31879040</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>Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust, Series 2006-6CB, Class 2A10</title>
        <cusip>12668BSQ7</cusip>
        <identifiers>
          <isin value="US12668BSQ76"/>
          <other otherDesc="Inhouse Asset ID" value="12668BSQ7"/>
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        <balance>1934151.46000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>673757.21000000</valUSD>
        <pctVal>0.113827005236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust, Series 2006-9T1, Class A4</title>
        <cusip>12668BVD2</cusip>
        <identifiers>
          <isin value="US12668BVD27"/>
          <other otherDesc="Inhouse Asset ID" value="12668BVD2"/>
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        <balance>1667992.99570000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>586681.01000000</valUSD>
        <pctVal>0.099116033797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CWABS Asset-Backed Certificates Trust</name>
        <lei>N/A</lei>
        <title>CWABS Asset-Backed Certificates Trust, Series 2006-26, Class M1</title>
        <cusip>12668HAF7</cusip>
        <identifiers>
          <isin value="US12668HAF73"/>
          <other otherDesc="Inhouse Asset ID" value="12668HAF7"/>
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        <balance>898884.69000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>873303.33000000</valUSD>
        <pctVal>0.147539055971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.14379080</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>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2006-OA4, Class A1</title>
        <cusip>126694E95</cusip>
        <identifiers>
          <isin value="US126694E958"/>
          <other otherDesc="Inhouse Asset ID" value="126694E95"/>
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        <balance>1241511.52380000</balance>
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        <curCd>USD</curCd>
        <valUSD>323833.63000000</valUSD>
        <pctVal>0.054709636870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.46922000</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>Reperforming Loan REMIC Trust</name>
        <lei>N/A</lei>
        <title>Reperforming Loan REMIC Trust, Series 2005-R3, Class AF</title>
        <cusip>126694JG4</cusip>
        <identifiers>
          <isin value="US126694JG49"/>
          <other otherDesc="Inhouse Asset ID" value="126694JG4"/>
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        <balance>76610.36160000</balance>
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        <curCd>USD</curCd>
        <valUSD>64710.71000000</valUSD>
        <pctVal>0.010932463826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.16878920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2005-17, Class 1A6</title>
        <cusip>12669G5S6</cusip>
        <identifiers>
          <isin value="US12669G5S66"/>
          <other otherDesc="Inhouse Asset ID" value="12669G5S6"/>
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        <balance>15991.05000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15805.93000000</valUSD>
        <pctVal>0.002670311575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COLT Mortgage Loan Trust</name>
        <lei>213800M5KYYIOHI7KW93</lei>
        <title>COLT Mortgage Loan Trust, Series 2025-INV2, Class B1</title>
        <cusip>12673UAE4</cusip>
        <identifiers>
          <isin value="US12673UAE47"/>
          <other otherDesc="Inhouse Asset ID" value="12673UAE4"/>
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        <balance>369344.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>370306.14000000</valUSD>
        <pctVal>0.062560872538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.09769160</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>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2024-CBM, Class A2</title>
        <cusip>12674GAC8</cusip>
        <identifiers>
          <isin value="US12674GAC87"/>
          <other otherDesc="Inhouse Asset ID" value="12674GAC8"/>
        </identifiers>
        <balance>1130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1130968.30000000</valUSD>
        <pctVal>0.191069917614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.86699920</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>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2025-167G, Class A</title>
        <cusip>12674VAA9</cusip>
        <identifiers>
          <isin value="US12674VAA98"/>
          <other otherDesc="Inhouse Asset ID" value="12674VAA9"/>
        </identifiers>
        <balance>687000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>678377.53000000</valUSD>
        <pctVal>0.114607578982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50268000</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>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2025-167G, Class E</title>
        <cusip>12674VAL5</cusip>
        <identifiers>
          <isin value="US12674VAL53"/>
          <other otherDesc="Inhouse Asset ID" value="12674VAL5"/>
        </identifiers>
        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>124013.80000000</valUSD>
        <pctVal>0.020951344568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.47446840</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>CSTL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSTL Commercial Mortgage Trust, Series 2025-GATE2, Class D</title>
        <cusip>12676JAG1</cusip>
        <identifiers>
          <isin value="US12676JAG13"/>
          <other otherDesc="Inhouse Asset ID" value="12676JAG1"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1083003.68000000</valUSD>
        <pctVal>0.182966599429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.81648760</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>Cali</name>
        <lei>N/A</lei>
        <title>Cali, Series 2024-SUN, Class A</title>
        <cusip>12988DAA0</cusip>
        <identifiers>
          <isin value="US12988DAA00"/>
          <other otherDesc="Inhouse Asset ID" value="12988DAA0"/>
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        <balance>340000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340514.39000000</valUSD>
        <pctVal>0.057527745422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.55167160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carlyle US CLO Ltd.</name>
        <lei>2549008K66BXTSQHBB60</lei>
        <title>Carlyle US CLO Ltd., Series 2026-2A, Class A1</title>
        <cusip>142928AA8</cusip>
        <identifiers>
          <isin value="US142928AA80"/>
          <other otherDesc="Inhouse Asset ID" value="142928AA8"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4997076.50000000</valUSD>
        <pctVal>0.844224365234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.82326920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARLYLE US CLO Ltd.</name>
        <lei>N/A</lei>
        <title>CARLYLE US CLO Ltd., Series 2019-3A, Class A1R3</title>
        <cusip>14314HBL7</cusip>
        <identifiers>
          <isin value="US14314HBL78"/>
          <other otherDesc="Inhouse Asset ID" value="14314HBL7"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2999923.80000000</valUSD>
        <pctVal>0.506818089698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.87134000</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>Carrington Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Carrington Mortgage Loan Trust, Series 2007-FRE1, Class M1</title>
        <cusip>144527AE8</cusip>
        <identifiers>
          <isin value="US144527AE87"/>
          <other otherDesc="Inhouse Asset ID" value="144527AE8"/>
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        <balance>1969715.69540000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1658438.57000000</valUSD>
        <pctVal>0.280182672616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.26879000</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>CarVal CLO I Ltd.</name>
        <lei>N/A</lei>
        <title>CarVal CLO I Ltd., Series 2018-1A, Class AR</title>
        <cusip>146865AJ9</cusip>
        <identifiers>
          <isin value="US146865AJ95"/>
          <other otherDesc="Inhouse Asset ID" value="146865AJ9"/>
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        <balance>601611.55240000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>601634.23000000</valUSD>
        <pctVal>0.101642285429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.90952160</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>Centex Home Equity Loan Trust</name>
        <lei>N/A</lei>
        <title>Centex Home Equity Loan Trust, Series 2004-D, Class MV1</title>
        <cusip>152314LQ1</cusip>
        <identifiers>
          <isin value="US152314LQ15"/>
          <other otherDesc="Inhouse Asset ID" value="152314LQ1"/>
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        <balance>369469.30280000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>365498.84000000</valUSD>
        <pctVal>0.061748709709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.69878840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chase Mortgage Finance Trust</name>
        <lei>N/A</lei>
        <title>Chase Mortgage Finance Trust, Series 2007-S6, Class 1A1</title>
        <cusip>161636AA3</cusip>
        <identifiers>
          <isin value="US161636AA34"/>
          <other otherDesc="Inhouse Asset ID" value="161636AA3"/>
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        <balance>2878425.91000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1118920.72000000</valUSD>
        <pctVal>0.189034555422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chase Mortgage Finance Trust</name>
        <lei>N/A</lei>
        <title>Chase Mortgage Finance Trust, Series 2006-S2, Class 1A16</title>
        <cusip>16163BAR5</cusip>
        <identifiers>
          <isin value="US16163BAR50"/>
          <other otherDesc="Inhouse Asset ID" value="16163BAR5"/>
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        <balance>1127266.88000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>402394.60000000</valUSD>
        <pctVal>0.067982014235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chase Mortgage Finance Trust</name>
        <lei>N/A</lei>
        <title>Chase Mortgage Finance Trust, Series 2007-S2, Class 1A9</title>
        <cusip>16163EAJ7</cusip>
        <identifiers>
          <isin value="US16163EAJ73"/>
          <other otherDesc="Inhouse Asset ID" value="16163EAJ7"/>
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        <balance>1676085.80000000</balance>
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        <curCd>USD</curCd>
        <valUSD>854638.83000000</valUSD>
        <pctVal>0.144385807133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ChaseFlex Trust</name>
        <lei>N/A</lei>
        <title>ChaseFlex Trust, Series 2007-1, Class 2A7</title>
        <cusip>16165VAK4</cusip>
        <identifiers>
          <isin value="US16165VAK44"/>
          <other otherDesc="Inhouse Asset ID" value="16165VAK4"/>
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        <balance>1864055.82000000</balance>
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        <curCd>USD</curCd>
        <valUSD>565506.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2006-17, Class A6</title>
        <cusip>17025AAF9</cusip>
        <identifiers>
          <isin value="US17025AAF93"/>
          <other otherDesc="Inhouse Asset ID" value="17025AAF9"/>
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        <balance>1001553.48000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>434403.99000000</valUSD>
        <pctVal>0.073389797557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CIM Trust</name>
        <lei>N/A</lei>
        <title>CIM Trust, Series 2025-NR1, Class A1</title>
        <cusip>17181YAA8</cusip>
        <identifiers>
          <isin value="US17181YAA82"/>
          <other otherDesc="Inhouse Asset ID" value="17181YAA8"/>
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        <balance>786338.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>780757.80000000</valUSD>
        <pctVal>0.131904075934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000040</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>Citigroup Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Mortgage Loan Trust, Series 2004-UST1, Class A4</title>
        <cusip>17307GLB2</cusip>
        <identifiers>
          <isin value="US17307GLB22"/>
          <other otherDesc="Inhouse Asset ID" value="17307GLB2"/>
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        <balance>211864.49000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201918.43000000</valUSD>
        <pctVal>0.034112837455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.53156280</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Mortgage Loan Trust, Series 2007-6, Class 1A2A</title>
        <cusip>17312VAD0</cusip>
        <identifiers>
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          <annualizedRt>4.92600000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CONE Trust</name>
        <lei>N/A</lei>
        <title>CONE Trust, Series 2024-DFW1, Class A</title>
        <cusip>20682AAA8</cusip>
        <identifiers>
          <isin value="US20682AAA88"/>
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        <balance>1258000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1256907.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.29643880</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONE Trust</name>
        <lei>N/A</lei>
        <title>CONE Trust, Series 2024-DFW1, Class C</title>
        <cusip>20682AAJ9</cusip>
        <identifiers>
          <isin value="US20682AAJ97"/>
          <other otherDesc="Inhouse Asset ID" value="20682AAJ9"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>247886.10000000</valUSD>
        <pctVal>0.041878783609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.34493880</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>CONE Trust</name>
        <lei>N/A</lei>
        <title>CONE Trust, Series 2024-DFW1, Class E</title>
        <cusip>20682AAN0</cusip>
        <identifiers>
          <isin value="US20682AAN00"/>
          <other otherDesc="Inhouse Asset ID" value="20682AAN0"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79306.21000000</valUSD>
        <pctVal>0.013398280934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.54319160</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cross Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cross Mortgage Trust, Series 2025-CES1, Class A1A</title>
        <cusip>22757WAA6</cusip>
        <identifiers>
          <isin value="US22757WAA62"/>
          <other otherDesc="Inhouse Asset ID" value="22757WAA6"/>
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        <balance>250983.94670000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250521.73000000</valUSD>
        <pctVal>0.042324056573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.29599960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cross Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cross Mortgage Trust, Series 2025-H8, Class A1A</title>
        <cusip>22757XAB2</cusip>
        <identifiers>
          <isin value="US22757XAB29"/>
          <other otherDesc="Inhouse Asset ID" value="22757XAB2"/>
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        <balance>2000217.36350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1994390.53000000</valUSD>
        <pctVal>0.336939624442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00299920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cross Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cross Mortgage Trust, Series 2025-H1, Class B1A</title>
        <cusip>22758NAG2</cusip>
        <identifiers>
          <isin value="US22758NAG25"/>
          <other otherDesc="Inhouse Asset ID" value="22758NAG2"/>
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        <balance>253421.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254588.87000000</valUSD>
        <pctVal>0.043011174067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.82800120</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>Cross Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cross Mortgage Trust, Series 2025-H2, Class B1B</title>
        <cusip>22758PAH5</cusip>
        <identifiers>
          <isin value="US22758PAH55"/>
          <other otherDesc="Inhouse Asset ID" value="22758PAH5"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400659.36000000</valUSD>
        <pctVal>0.067688856448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.64570160</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>Cross Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cross Mortgage Trust, Series 2025-H6, Class A1B</title>
        <cusip>22758TAB0</cusip>
        <identifiers>
          <isin value="US22758TAB08"/>
          <other otherDesc="Inhouse Asset ID" value="22758TAB0"/>
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        <balance>2092643.59250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2090065.04000000</valUSD>
        <pctVal>0.353103225794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.18100120</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>Cross Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cross Mortgage Trust, Series 2026-NQM5, Class A1</title>
        <cusip>22759BAE2</cusip>
        <identifiers>
          <isin value="US22759BAE20"/>
          <other otherDesc="Inhouse Asset ID" value="22759BAE2"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1993864.80000000</valUSD>
        <pctVal>0.336850805694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2071-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.09400000</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>Crown Point CLO 8 Ltd.</name>
        <lei>N/A</lei>
        <title>Crown Point CLO 8 Ltd., Series 2019-8A, Class DR</title>
        <cusip>22846BAQ0</cusip>
        <identifiers>
          <isin value="US22846BAQ05"/>
          <other otherDesc="Inhouse Asset ID" value="22846BAQ0"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>999665.60000000</valUSD>
        <pctVal>0.168887159643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.63683840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSTL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSTL Commercial Mortgage Trust, Series 2026-GATE3, Class E</title>
        <cusip>228920AJ3</cusip>
        <identifiers>
          <isin value="US228920AJ37"/>
          <other otherDesc="Inhouse Asset ID" value="228920AJ3"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>985210.90000000</valUSD>
        <pctVal>0.166445129802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.55417440</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRSO Trust</name>
        <lei>N/A</lei>
        <title>CRSO Trust</title>
        <cusip>228925AA1</cusip>
        <identifiers>
          <isin value="US228925AA15"/>
          <other otherDesc="Inhouse Asset ID" value="228925AA1"/>
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        <balance>427056.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>439319.38000000</valUSD>
        <pctVal>0.074220221506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12000000</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>CSTL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSTL Commercial Mortgage Trust, Series 2024-GATE, Class A</title>
        <cusip>22945JAA8</cusip>
        <identifiers>
          <isin value="US22945JAA88"/>
          <other otherDesc="Inhouse Asset ID" value="22945JAA8"/>
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        <balance>207000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206472.42000000</valUSD>
        <pctVal>0.034882205167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.92319440</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>Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust, Series 2006-J4, Class 2A1</title>
        <cusip>23242WAH2</cusip>
        <identifiers>
          <isin value="US23242WAH25"/>
          <other otherDesc="Inhouse Asset ID" value="23242WAH2"/>
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        <balance>1499194.82850000</balance>
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        <curCd>USD</curCd>
        <valUSD>815807.55000000</valUSD>
        <pctVal>0.137825508785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CWABS Asset-Backed Certificates Trust</name>
        <lei>N/A</lei>
        <title>CWABS Asset-Backed Certificates Trust, Series 2006-18, Class M1</title>
        <cusip>23243WAE8</cusip>
        <identifiers>
          <isin value="US23243WAE84"/>
          <other otherDesc="Inhouse Asset ID" value="23243WAE8"/>
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        <balance>1578604.20750000</balance>
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        <curCd>USD</curCd>
        <valUSD>1675461.99000000</valUSD>
        <pctVal>0.283058671401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.21878960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CWABS Asset-Backed Certificates Trust</name>
        <lei>N/A</lei>
        <title>CWABS Asset-Backed Certificates Trust, Series 2007-BC3, Class 1A</title>
        <cusip>23246LAA7</cusip>
        <identifiers>
          <isin value="US23246LAA70"/>
          <other otherDesc="Inhouse Asset ID" value="23246LAA7"/>
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        <balance>490441.48270000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>473928.61000000</valUSD>
        <pctVal>0.080067231298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.12878960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DK Trust</name>
        <lei>N/A</lei>
        <title>DK Trust, Series 2025-LXP, Class A</title>
        <cusip>23292LAA0</cusip>
        <identifiers>
          <isin value="US23292LAA08"/>
          <other otherDesc="Inhouse Asset ID" value="23292LAA0"/>
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        <balance>3330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3333101.23000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.25740040</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DB Master Finance LLC</name>
        <lei>549300F17UZJL70BPB08</lei>
        <title>DB Master Finance LLC, Series 2025-1A, Class A2I</title>
        <cusip>233046AU5</cusip>
        <identifiers>
          <isin value="US233046AU56"/>
          <other otherDesc="Inhouse Asset ID" value="233046AU5"/>
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        <balance>101745.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100775.36000000</valUSD>
        <pctVal>0.017025357592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.89100000</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>DBGS</name>
        <lei>N/A</lei>
        <title>DBGS, Series 2024-SBL, Class A</title>
        <cusip>23306QAA3</cusip>
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          <isin value="US23306QAA31"/>
          <other otherDesc="Inhouse Asset ID" value="23306QAA3"/>
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        <balance>320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>319800.00000000</valUSD>
        <pctVal>0.054028180677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.53709880</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>DBWF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>DBWF Mortgage Trust, Series 2024-LCRS, Class A</title>
        <cusip>23307KAA5</cusip>
        <identifiers>
          <isin value="US23307KAA51"/>
          <other otherDesc="Inhouse Asset ID" value="23307KAA5"/>
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        <balance>605000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>604810.94000000</valUSD>
        <pctVal>0.102178970425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.39570880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DK Trust</name>
        <lei>N/A</lei>
        <title>DK Trust, Series 2024-SPBX, Class A</title>
        <cusip>23346LAA6</cusip>
        <identifiers>
          <isin value="US23346LAA61"/>
          <other otherDesc="Inhouse Asset ID" value="23346LAA6"/>
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        <balance>590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>590000.00000000</valUSD>
        <pctVal>0.099676756097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.15471040</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>DK Trust</name>
        <lei>N/A</lei>
        <title>DK Trust, Series 2024-SPBX, Class E</title>
        <cusip>23346LAN8</cusip>
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          <isin value="US23346LAN82"/>
          <other otherDesc="Inhouse Asset ID" value="23346LAN8"/>
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        <balance>439000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>439651.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.65470880</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DGWD Trust</name>
        <lei>N/A</lei>
        <title>DGWD Trust, Series 2025-INFL, Class A</title>
        <cusip>23347FAA8</cusip>
        <identifiers>
          <isin value="US23347FAA84"/>
          <other otherDesc="Inhouse Asset ID" value="23347FAA8"/>
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        <balance>3440000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3445330.97000000</valUSD>
        <pctVal>0.582066804695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.25471120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>D2 Multifamily Credit Issuer Ltd.</name>
        <lei>N/A</lei>
        <title>D2 Multifamily Credit Issuer Ltd., Series 2026-FL1, Class A</title>
        <cusip>23347LAA5</cusip>
        <identifiers>
          <isin value="US23347LAA52"/>
          <other otherDesc="Inhouse Asset ID" value="23347LAA5"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000000.00000000</valUSD>
        <pctVal>0.337887308803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.12000000</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>DC Trust</name>
        <lei>N/A</lei>
        <title>DC Trust, Series 2024-HLTN, Class F</title>
        <cusip>24022FAN0</cusip>
        <identifiers>
          <isin value="US24022FAN06"/>
          <other otherDesc="Inhouse Asset ID" value="24022FAN0"/>
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        <balance>365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360746.36000000</valUSD>
        <pctVal>0.060945808370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.66406760</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deephaven Residential Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Deephaven Residential Mortgage Trust, Series 2025-CES1, Class A1A</title>
        <cusip>24380WAA7</cusip>
        <identifiers>
          <isin value="US24380WAA71"/>
          <other otherDesc="Inhouse Asset ID" value="24380WAA7"/>
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        <balance>659934.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>658704.08000000</valUSD>
        <pctVal>0.111283874444</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.22399960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Deephaven Residential Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Deephaven Residential Mortgage Trust, Series 2026-CES1, Class A1A</title>
        <cusip>24380YAL9</cusip>
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          <isin value="US24380YAL92"/>
          <other otherDesc="Inhouse Asset ID" value="24380YAL9"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1999998.00000000</valUSD>
        <pctVal>0.337886970916</pctVal>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Deephaven Residential Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Deephaven Residential Mortgage Trust, Series 2021-3, Class B1</title>
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          <isin value="US24381VAE02"/>
          <other otherDesc="Inhouse Asset ID" value="24381VAE0"/>
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        <curCd>USD</curCd>
        <valUSD>788066.30000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2066-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.27300120</annualizedRt>
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      <invstOrSec>
        <name>Deephaven Residential Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Deephaven Residential Mortgage Trust, Series 2025-INV1, Class A1</title>
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          <other otherDesc="Inhouse Asset ID" value="24382EAC1"/>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Ellington Financial Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Ford Credit Auto Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Foundation Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Foundation Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Foundation Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Foundation Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Foundation Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Seasoned Loans Structured Transaction Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Seasoned Loans Structured Transaction Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GCAT Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GSAA Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GSAA Home Equity Trust</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GSR Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>GSR Mortgage Loan Trust, Series 2007-3F, Class 4A2</title>
        <cusip>3622MWAW3</cusip>
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        <pctVal>0.056864817280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.93121000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSR Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>GSR Mortgage Loan Trust, Series 2006-9F, Class 3A1</title>
        <cusip>3622X7AE6</cusip>
        <identifiers>
          <isin value="US3622X7AE69"/>
          <other otherDesc="Inhouse Asset ID" value="3622X7AE6"/>
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        <balance>462958.72340000</balance>
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        <curCd>USD</curCd>
        <valUSD>430781.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSAA Home Equity Trust</name>
        <lei>N/A</lei>
        <title>GSAA Home Equity Trust, Series 2006-5, Class 1A1</title>
        <cusip>362334GQ1</cusip>
        <identifiers>
          <isin value="US362334GQ13"/>
          <other otherDesc="Inhouse Asset ID" value="362334GQ1"/>
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        <balance>91123.50700000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25166.83000000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.12878960</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GSMPS Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>GSMPS Mortgage Loan Trust, Series 2005-RP2, Class 1AF</title>
        <cusip>36242DT52</cusip>
        <identifiers>
          <isin value="US36242DT521"/>
          <other otherDesc="Inhouse Asset ID" value="36242DT52"/>
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        <balance>647355.42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>609250.59000000</valUSD>
        <pctVal>0.102929021120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.11878880</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Corp. Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp. Trust, Series 2017-375H, Class C</title>
        <cusip>36254JAJ4</cusip>
        <identifiers>
          <isin value="US36254JAJ43"/>
          <other otherDesc="Inhouse Asset ID" value="36254JAJ4"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>477938.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.59910000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Corp. Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp. Trust, Series 2023-FUN, Class B</title>
        <cusip>36267CAC9</cusip>
        <identifiers>
          <isin value="US36267CAC91"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>519837.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.44496840</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GSAT Trust</name>
        <lei>N/A</lei>
        <title>GSAT Trust, Series 2025-BMF, Class A</title>
        <cusip>36271XAA1</cusip>
        <identifiers>
          <isin value="US36271XAA19"/>
          <other otherDesc="Inhouse Asset ID" value="36271XAA1"/>
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        <balance>1742000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1739828.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.15471040</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage-Backed Securities Trust, Series 2025-NQM2, Class A1</title>
        <cusip>36272EAA2</cusip>
        <identifiers>
          <isin value="US36272EAA29"/>
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        <balance>354598.87000000</balance>
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        <curCd>USD</curCd>
        <valUSD>356509.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.64800040</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Corp. Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp. Trust, Series 2024-RVR, Class E</title>
        <cusip>36272JAL7</cusip>
        <identifiers>
          <isin value="US36272JAL70"/>
          <other otherDesc="Inhouse Asset ID" value="36272JAL7"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>416000.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.71935760</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>254900MQ3DUBXKU1DC81</lei>
        <title>GS Mortgage-Backed Securities Trust, Series 2025-NQM5, Class A1</title>
        <cusip>36273GAA6</cusip>
        <identifiers>
          <isin value="US36273GAA67"/>
          <other otherDesc="Inhouse Asset ID" value="36273GAA6"/>
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        <balance>454186.40000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>451345.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.01300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Corp. Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp. Trust, Series 2025-800D, Class A</title>
        <cusip>36273XAA9</cusip>
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          <isin value="US36273XAA90"/>
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        <balance>1463000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage-Backed Securities Trust, Series 2026-NQM3, Class A1</title>
        <cusip>36274UAE6</cusip>
        <identifiers>
          <isin value="US36274UAE64"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1999963.40000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.22200160</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>254900Y4XCLF0D6VBG48</lei>
        <title>GS Mortgage-Backed Securities Trust, Series 2025-DSC2, Class A1</title>
        <cusip>36275JAC4</cusip>
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          <isin value="US36275JAC45"/>
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        <balance>662946.59000000</balance>
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        <valUSD>660049.18000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.03799840</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>254900D34P4JFEYPLX58</lei>
        <title>GS Mortgage-Backed Securities Trust, Series 2026-DSC1, Class B1</title>
        <cusip>36276BAE6</cusip>
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          <isin value="US36276BAE65"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>739590.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gaea Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Gaea Mortgage Loan Trust, Series 2025-A, Class A</title>
        <cusip>362928AA1</cusip>
        <identifiers>
          <isin value="US362928AA19"/>
          <other otherDesc="Inhouse Asset ID" value="362928AA1"/>
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        <balance>154468.53730000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage-Backed Securities Trust, Series 2025-RPL3, Class A1</title>
        <cusip>362963AA8</cusip>
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          <isin value="US362963AA80"/>
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        <balance>693931.30000000</balance>
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        <curCd>USD</curCd>
        <valUSD>674126.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.10000040</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage-Backed Securities Trust, Series 2026-CES2, Class A1A</title>
        <cusip>362980AA2</cusip>
        <identifiers>
          <isin value="US362980AA22"/>
          <other otherDesc="Inhouse Asset ID" value="362980AA2"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1999961.00000000</valUSD>
        <pctVal>0.337880720000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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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>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <title>Government National Mortgage Association, Series 2021-58, Class IY</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GreenSky Home Improvement Issuer Trust</name>
        <lei>N/A</lei>
        <title>GreenSky Home Improvement Issuer Trust, Series 2025-3A, Class A3</title>
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          <other otherDesc="Inhouse Asset ID" value="39571WAC0"/>
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        <valUSD>107878.79000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>GreenSky Home Improvement Issuer Trust</name>
        <lei>N/A</lei>
        <title>GreenSky Home Improvement Issuer Trust, Series 2024-2, Class A2</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GreenSky Home Improvement Issuer Trust</name>
        <lei>N/A</lei>
        <title>GreenSky Home Improvement Issuer Trust, Series 2024-2, Class D</title>
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          <isin value="US39571XAG97"/>
          <other otherDesc="Inhouse Asset ID" value="39571XAG9"/>
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        <curCd>USD</curCd>
        <valUSD>172922.73000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Greystone CRE Notes 2025 LLC</name>
        <lei>N/A</lei>
        <title>Greystone CRE Notes 2025 LLC, Series 2025-HC4, Class A</title>
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          <isin value="US39809NAA81"/>
          <other otherDesc="Inhouse Asset ID" value="39809NAA8"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HONO Mortgage Trust</name>
        <lei>N/A</lei>
        <title>HONO Mortgage Trust, Series 2021-LULU, Class A</title>
        <cusip>40390MAA3</cusip>
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          <isin value="US40390MAA36"/>
          <other otherDesc="Inhouse Asset ID" value="40390MAA3"/>
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        <curCd>USD</curCd>
        <valUSD>369036.88000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.91947920</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HILT Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>HILT Commercial Mortgage Trust, Series 2024-ORL, Class D</title>
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        <identifiers>
          <isin value="US403956AG02"/>
          <other otherDesc="Inhouse Asset ID" value="403956AG0"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500000.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.84357840</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HTL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>HTL Commercial Mortgage Trust, Series 2024-T53, Class A</title>
        <cusip>404300AA3</cusip>
        <identifiers>
          <isin value="US404300AA33"/>
          <other otherDesc="Inhouse Asset ID" value="404300AA3"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>181334.47000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.07149360</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>HTL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>HTL Commercial Mortgage Trust, Series 2024-T53, Class E</title>
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          <isin value="US404300AJ42"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>10.60223760</annualizedRt>
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      <invstOrSec>
        <name>HIH Trust</name>
        <lei>N/A</lei>
        <title>HIH Trust, Series 2024-61P, Class A</title>
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          <isin value="US40444VAA98"/>
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        <balance>553804.50730000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>HIH Trust</name>
        <lei>N/A</lei>
        <title>HIH Trust, Series 2024-61P, Class D</title>
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          <isin value="US40444VAG68"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HLTN Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>HLTN Commercial Mortgage Trust, Series 2026-DPLO, Class A</title>
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          <isin value="US40446RAA68"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hilton USA Trust</name>
        <lei>N/A</lei>
        <title>Hilton USA Trust, Series 2025-NVIL, Class A</title>
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          <isin value="US432826AA39"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Home Equity Asset Trust</name>
        <lei>N/A</lei>
        <title>Home Equity Asset Trust, Series 2007-1, Class 2A3</title>
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          <isin value="US43710LAD64"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Home Partners of America Trust</name>
        <lei>N/A</lei>
        <title>Home Partners of America Trust, Series 2021-3, Class F</title>
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          <isin value="US43730XAG97"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HOMES Trust</name>
        <lei>254900LUV7YA0N50XT86</lei>
        <title>Homes Trust, Series 2025-NQM1, Class B1</title>
        <cusip>43761DAH3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>HOMES Trust</name>
        <lei>N/A</lei>
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          <isin value="US43762CAA99"/>
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        <balance>660647.71000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hudson Yards Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Hudson Yards Mortgage Trust, Series 2019-30HY, Class D</title>
        <cusip>44421GAJ2</cusip>
        <identifiers>
          <isin value="US44421GAJ22"/>
          <other otherDesc="Inhouse Asset ID" value="44421GAJ2"/>
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        <balance>208000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192722.59000000</valUSD>
        <pctVal>0.032559258640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.55789800</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>Huntington Bank Auto Credit-Linked Notes</name>
        <lei>N/A</lei>
        <title>Huntington Bank Auto Credit-Linked Notes, Series 2025-2, Class B2</title>
        <cusip>44644NAP4</cusip>
        <identifiers>
          <isin value="US44644NAP42"/>
          <other otherDesc="Inhouse Asset ID" value="44644NAP4"/>
        </identifiers>
        <balance>192779.02000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193290.44000000</valUSD>
        <pctVal>0.032655193294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.84013880</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>IP Mortgage Trust</name>
        <lei>N/A</lei>
        <title>IP Mortgage Trust, Series 2025-IP, Class A</title>
        <cusip>449843AA9</cusip>
        <identifiers>
          <isin value="US449843AA99"/>
          <other otherDesc="Inhouse Asset ID" value="449843AA9"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75616.51000000</valUSD>
        <pctVal>0.012774929532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.42451240</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>INT Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>INT Commercial Mortgage Trust, Series 2025-PLAZA, Class A</title>
        <cusip>44989YAA6</cusip>
        <identifiers>
          <isin value="US44989YAA64"/>
          <other otherDesc="Inhouse Asset ID" value="44989YAA6"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99899.38000000</valUSD>
        <pctVal>0.016877366329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.04145800</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>INT Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>INT Commercial Mortgage Trust, Series 2025-PLAZA, Class B</title>
        <cusip>44989YAC2</cusip>
        <identifiers>
          <isin value="US44989YAC21"/>
          <other otherDesc="Inhouse Asset ID" value="44989YAC2"/>
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        <balance>451000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>451795.11000000</valUSD>
        <pctVal>0.076327916924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.34154680</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>INV Mortgage Trust</name>
        <lei>N/A</lei>
        <title>INV Mortgage Trust, Series 2024-IND, Class A</title>
        <cusip>45000DAA4</cusip>
        <identifiers>
          <isin value="US45000DAA46"/>
          <other otherDesc="Inhouse Asset ID" value="45000DAA4"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>594750.00000000</valUSD>
        <pctVal>0.100479238455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.39660880</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>Impac Secured Assets Trust</name>
        <lei>N/A</lei>
        <title>Impac Secured Assets Trust, Series 2006-1, Class 1A2B</title>
        <cusip>45254TTL8</cusip>
        <identifiers>
          <isin value="US45254TTL88"/>
          <other otherDesc="Inhouse Asset ID" value="45254TTL8"/>
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        <balance>220781.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>191485.51000000</valUSD>
        <pctVal>0.032350261824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.16878920</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>Impac Secured Assets Trust</name>
        <lei>N/A</lei>
        <title>Impac Secured Assets Trust, Series 2006-3, Class A1</title>
        <cusip>45255RAA5</cusip>
        <identifiers>
          <isin value="US45255RAA59"/>
          <other otherDesc="Inhouse Asset ID" value="45255RAA5"/>
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        <balance>691651.19690000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>641144.75000000</valUSD>
        <pctVal>0.108317337065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.10879160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Imperial Fund Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Imperial Fund Mortgage Trust, Series 2022-NQM3, Class A3</title>
        <cusip>45276KAC1</cusip>
        <identifiers>
          <isin value="US45276KAC18"/>
          <other otherDesc="Inhouse Asset ID" value="45276KAC1"/>
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        <balance>1130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1016518.28000000</valUSD>
        <pctVal>0.171734312989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.40967960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INCREF LLC</name>
        <lei>N/A</lei>
        <title>INCREF LLC, Series 2025-FL1, Class A</title>
        <cusip>45339NAA4</cusip>
        <identifiers>
          <isin value="US45339NAA46"/>
          <other otherDesc="Inhouse Asset ID" value="45339NAA4"/>
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        <balance>590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>590877.33000000</valUSD>
        <pctVal>0.099824975433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.38939080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IndyMac INDX Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>IndyMac INDX Mortgage Loan Trust, Series 2005-AR23, Class 6A1</title>
        <cusip>45660LF95</cusip>
        <identifiers>
          <isin value="US45660LF954"/>
          <other otherDesc="Inhouse Asset ID" value="45660LF95"/>
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        <balance>611291.11000000</balance>
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        <curCd>USD</curCd>
        <valUSD>592927.62000000</valUSD>
        <pctVal>0.100171358918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.63057480</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IndyMac INDX Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>IndyMac INDX Mortgage Loan Trust, Series 2005-AR31, Class 2A1</title>
        <cusip>45660LW39</cusip>
        <identifiers>
          <isin value="US45660LW397"/>
          <other otherDesc="Inhouse Asset ID" value="45660LW39"/>
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        <balance>932907.49000000</balance>
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        <curCd>USD</curCd>
        <valUSD>931749.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.57128720</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>IndyMac INDX Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>IndyMac INDX Mortgage Loan Trust, Series 2006-AR15, Class A1</title>
        <cusip>456610AA2</cusip>
        <identifiers>
          <isin value="US456610AA20"/>
          <other otherDesc="Inhouse Asset ID" value="456610AA2"/>
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        <balance>481352.47520000</balance>
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        <curCd>USD</curCd>
        <valUSD>483389.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.00879080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IndyMac IMSC Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>IndyMac IMSC Mortgage Loan Trust, Series 2007-F2, Class 1A4</title>
        <cusip>45670JAD4</cusip>
        <identifiers>
          <isin value="US45670JAD46"/>
          <other otherDesc="Inhouse Asset ID" value="45670JAD4"/>
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        <balance>710377.88840000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>479175.10000000</valUSD>
        <pctVal>0.080953592492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Iskandar Enterprise LLC</name>
        <lei>N/A</lei>
        <title>Iskandar Enterprise LLC, Series 2026-1A, Class A21</title>
        <cusip>464338AA0</cusip>
        <identifiers>
          <isin value="US464338AA09"/>
          <other otherDesc="Inhouse Asset ID" value="464338AA0"/>
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        <balance>1335000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1334634.96000000</valUSD>
        <pctVal>0.225478107434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.04900000</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>Iskandar Enterprise LLC</name>
        <lei>N/A</lei>
        <title>Iskandar Enterprise LLC, Series 2026-1A, Class A22</title>
        <cusip>464338AB8</cusip>
        <identifiers>
          <isin value="US464338AB81"/>
          <other otherDesc="Inhouse Asset ID" value="464338AB8"/>
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        <balance>280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>279912.50000000</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>2056-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.34300000</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>Iskandar Enterprise LLC</name>
        <lei>N/A</lei>
        <title>Iskandar Enterprise LLC, Series 2026-1A, Class A23</title>
        <cusip>464338AC6</cusip>
        <identifiers>
          <isin value="US464338AC64"/>
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        <name>J.P. Morgan Mortgage Trust</name>
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        <name>J.P. Morgan Mortgage Trust</name>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust</name>
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        <title>J.P. Morgan Mortgage Trust, Series 2026-VIS1, Class B1</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.39699840</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust, Series 2026-VIS1, Class B2</title>
        <cusip>46660PAP3</cusip>
        <identifiers>
          <isin value="US46660PAP36"/>
          <other otherDesc="Inhouse Asset ID" value="46660PAP3"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>480856.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.51642120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust, Series 2026-NQM2, Class A1</title>
        <cusip>46664AAE7</cusip>
        <identifiers>
          <isin value="US46664AAE73"/>
          <other otherDesc="Inhouse Asset ID" value="46664AAE7"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1999980.60000000</valUSD>
        <pctVal>0.337884031296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.15400120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jersey Mike's Funding LLC</name>
        <lei>N/A</lei>
        <title>Jersey Mike's Funding LLC, Series 2026-1A, Class A2II</title>
        <cusip>476681AG6</cusip>
        <identifiers>
          <isin value="US476681AG67"/>
          <other otherDesc="Inhouse Asset ID" value="476681AG6"/>
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        <balance>413000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>406995.43000000</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>2056-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.48100000</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>KKR Financial CLO Ltd.</name>
        <lei>549300ZUUB37M3VWNC17</lei>
        <title>KKR Financial CLO Ltd., Series 2013-1A, Class BR3</title>
        <cusip>48249VBL4</cusip>
        <identifiers>
          <isin value="US48249VBL45"/>
          <other otherDesc="Inhouse Asset ID" value="48249VBL4"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1003937.60000000</valUSD>
        <pctVal>0.169608886935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.32310040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KREF Ltd.</name>
        <lei>549300DG0FGL1EU1CT79</lei>
        <title>KREF Ltd., Series 2022-FL3, Class A</title>
        <cusip>48275EAA4</cusip>
        <identifiers>
          <isin value="US48275EAA47"/>
          <other otherDesc="Inhouse Asset ID" value="48275EAA4"/>
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        <balance>405217.63000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>404497.27000000</valUSD>
        <pctVal>0.068337246989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.10719040</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>KRE Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>KRE Commercial Mortgage Trust, Series 2026-ICNA, Class A</title>
        <cusip>48275LAA8</cusip>
        <identifiers>
          <isin value="US48275LAA89"/>
          <other otherDesc="Inhouse Asset ID" value="48275LAA8"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002500.00000000</valUSD>
        <pctVal>0.169366013537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.50000080</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>KRE Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>KRE Commercial Mortgage Trust, Series 2025-AIP4, Class A</title>
        <cusip>50077KAA6</cusip>
        <identifiers>
          <isin value="US50077KAA60"/>
          <other otherDesc="Inhouse Asset ID" value="50077KAA6"/>
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        <balance>186875.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>186700.72000000</valUSD>
        <pctVal>0.031541901916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.95470880</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>KSL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>KSL Commercial Mortgage Trust, Series 2024-HT2, Class A</title>
        <cusip>500937AA5</cusip>
        <identifiers>
          <isin value="US500937AA54"/>
          <other otherDesc="Inhouse Asset ID" value="500937AA5"/>
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        <balance>1017761.40620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1017760.59000000</valUSD>
        <pctVal>0.171944193380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.19710040</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>KSL Trust</name>
        <lei>N/A</lei>
        <title>KSL Trust</title>
        <cusip>50116JAA2</cusip>
        <identifiers>
          <isin value="US50116JAA25"/>
          <other otherDesc="Inhouse Asset ID" value="50116JAA2"/>
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        <balance>1223000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1222657.21000000</valUSD>
        <pctVal>0.206560177137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.54733000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KSL Trust</name>
        <lei>N/A</lei>
        <title>KSL Trust</title>
        <cusip>50116JAJ3</cusip>
        <identifiers>
          <isin value="US50116JAJ34"/>
          <other otherDesc="Inhouse Asset ID" value="50116JAJ3"/>
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        <balance>184000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>184585.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.74419040</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEX Trust</name>
        <lei>N/A</lei>
        <title>LEX Trust, Series 2026-450, Class A</title>
        <cusip>501970AA5</cusip>
        <identifiers>
          <isin value="US501970AA50"/>
          <other otherDesc="Inhouse Asset ID" value="501970AA5"/>
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        <balance>1102000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1100622.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00470920</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEX Trust</name>
        <lei>N/A</lei>
        <title>LEX Trust, Series 2026-450, Class E</title>
        <cusip>501970AJ6</cusip>
        <identifiers>
          <isin value="US501970AJ69"/>
          <other otherDesc="Inhouse Asset ID" value="501970AJ6"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1485635.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.35471000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LCM 34 Ltd.</name>
        <lei>54930038DJKYPKSVRB29</lei>
        <title>LCM 34 Ltd., Series 34A, Class BR</title>
        <cusip>50203CAQ6</cusip>
        <identifiers>
          <isin value="US50203CAQ69"/>
          <other otherDesc="Inhouse Asset ID" value="50203CAQ6"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000758.00000000</valUSD>
        <pctVal>0.169071713691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.37522840</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LQR Trust</name>
        <lei>N/A</lei>
        <title>LQR Trust, Series 2025-CALI, Class E</title>
        <cusip>50216WAJ3</cusip>
        <identifiers>
          <isin value="US50216WAJ36"/>
          <other otherDesc="Inhouse Asset ID" value="50216WAJ3"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249997.50000000</valUSD>
        <pctVal>0.042235491241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.60470840</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LBA Trust</name>
        <lei>N/A</lei>
        <title>LBA Trust, Series 2024-7IND, Class A</title>
        <cusip>52109XAA6</cusip>
        <identifiers>
          <isin value="US52109XAA63"/>
          <other otherDesc="Inhouse Asset ID" value="52109XAA6"/>
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        <balance>284076.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>284253.08000000</valUSD>
        <pctVal>0.048022754110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09771160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LBA Trust</name>
        <lei>N/A</lei>
        <title>LBA Trust, Series 2024-7IND, Class D</title>
        <cusip>52109XAL2</cusip>
        <identifiers>
          <isin value="US52109XAL29"/>
          <other otherDesc="Inhouse Asset ID" value="52109XAL2"/>
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        <balance>301831.65000000</balance>
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        <curCd>USD</curCd>
        <valUSD>302018.79000000</valUSD>
        <pctVal>0.051024158080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.29570880</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>Legacy Mortgage Asset Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lehman XS Trust</name>
        <lei>N/A</lei>
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          <isin value="US52525BBH42"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
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          <isin value="US52590AAB08"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
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          <isin value="US525951AA78"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
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          <isin value="US525951AC35"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
        <title>Lendmark Funding Trust, Series 2026-1A, Class A</title>
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          <isin value="US52603KAA51"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
        <title>Lendmark Funding Trust, Series 2026-1A, Class C</title>
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        <identifiers>
          <isin value="US52603KAC18"/>
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        <balance>546000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
        <title>Lendmark Funding Trust, Series 2021-2A, Class A</title>
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          <isin value="US52604DAA00"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
        <title>Lendmark Funding Trust, Series 2025-1A, Class A</title>
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          <isin value="US52604QAA13"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
        <title>Lendmark Funding Trust, Series 2025-1A, Class B</title>
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          <isin value="US52604QAB95"/>
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        <balance>164000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
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          <isin value="US52604QAC78"/>
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        <balance>110000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LEX Mortgage Trust</name>
        <lei>N/A</lei>
        <title>LEX Mortgage Trust, Series 2024-BBG, Class A</title>
        <cusip>52885AAA6</cusip>
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          <isin value="US52885AAA60"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lodi Park CLO Ltd.</name>
        <lei>391200GQ88V33AWI7H75</lei>
        <title>Lodi Park CLO Ltd., Series 2024-1A, Class D1</title>
        <cusip>540364AL0</cusip>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Long Beach Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Long Beach Mortgage Loan Trust, Series 2006-1, Class 2A4</title>
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          <isin value="US542514RM88"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Long Beach Mortgage Loan Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LUX</name>
        <lei>N/A</lei>
        <title>LUX Trust, Series 2023-LION, Class A</title>
        <cusip>55067LAA5</cusip>
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          <isin value="US55067LAA52"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>M&amp;T Bank RV Trust</name>
        <lei>N/A</lei>
        <title>M&amp;T Bank RV Trust, Series 2026-1A, Class A</title>
        <cusip>551923AA3</cusip>
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          <isin value="US551923AA38"/>
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        <balance>93468.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>92135.26000000</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>2046-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</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>MF1 Multifamily Housing Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-W10, Class A</title>
        <cusip>55284DAA0</cusip>
        <identifiers>
          <isin value="US55284DAA00"/>
          <other otherDesc="Inhouse Asset ID" value="55284DAA0"/>
        </identifiers>
        <balance>470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>467663.25000000</valUSD>
        <pctVal>0.079008738484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.72532760</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>MFA Trust</name>
        <lei>N/A</lei>
        <title>MFA Trust, Series 2022-NQM1, Class M1</title>
        <cusip>55284PAF2</cusip>
        <identifiers>
          <isin value="US55284PAF27"/>
          <other otherDesc="Inhouse Asset ID" value="55284PAF2"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>449512.20000000</valUSD>
        <pctVal>0.075942233766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.30048080</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>MCR Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MCR Mortgage Trust, Series 2024-HTL, Class A</title>
        <cusip>55286PAA1</cusip>
        <identifiers>
          <isin value="US55286PAA12"/>
          <other otherDesc="Inhouse Asset ID" value="55286PAA1"/>
        </identifiers>
        <balance>576069.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>575360.47000000</valUSD>
        <pctVal>0.097203500400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.41339920</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>MCR Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MCR Mortgage Trust, Series 2024-HTL, Class E</title>
        <cusip>55286PAJ2</cusip>
        <identifiers>
          <isin value="US55286PAJ21"/>
          <other otherDesc="Inhouse Asset ID" value="55286PAJ2"/>
        </identifiers>
        <balance>228816.58000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>226329.78000000</valUSD>
        <pctVal>0.038236980133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.30930040</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>MCR Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MCR Mortgage Trust, Series 2024-HF1, Class A</title>
        <cusip>55287FAA2</cusip>
        <identifiers>
          <isin value="US55287FAA21"/>
          <other otherDesc="Inhouse Asset ID" value="55287FAA2"/>
        </identifiers>
        <balance>266208.98000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>266541.74000000</valUSD>
        <pctVal>0.045030535606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.44771080</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>MIRA Trust</name>
        <lei>N/A</lei>
        <title>MIRA Trust, Series 2023-MILE, Class A</title>
        <cusip>55318EAA8</cusip>
        <identifiers>
          <isin value="US55318EAA82"/>
          <other otherDesc="Inhouse Asset ID" value="55318EAA8"/>
        </identifiers>
        <balance>628000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>644532.73000000</valUSD>
        <pctVal>0.108889714787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75470000</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>MIRA Trust</name>
        <lei>N/A</lei>
        <title>MIRA Trust, Series 2023-MILE, Class X</title>
        <cusip>55318EAC4</cusip>
        <identifiers>
          <isin value="US55318EAC49"/>
          <other otherDesc="Inhouse Asset ID" value="55318EAC4"/>
        </identifiers>
        <balance>28000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53096.40000000</valUSD>
        <pctVal>0.008970299851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.25034760</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>MLTI Trust</name>
        <lei>N/A</lei>
        <title>MLTI Trust, Series 2026-SF75, Class A</title>
        <cusip>55318JAA7</cusip>
        <identifiers>
          <isin value="US55318JAA79"/>
          <other otherDesc="Inhouse Asset ID" value="55318JAA7"/>
        </identifiers>
        <balance>546000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>545320.23000000</valUSD>
        <pctVal>0.092128392475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.05470960</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>MLTI Trust</name>
        <lei>N/A</lei>
        <title>MLTI Trust, Series 2026-SF75, Class F</title>
        <cusip>55318JAL3</cusip>
        <identifiers>
          <isin value="US55318JAL35"/>
          <other otherDesc="Inhouse Asset ID" value="55318JAL3"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>988276.98000000</valUSD>
        <pctVal>0.166963124562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.65470880</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>Mtp Abs Funding LLC</name>
        <lei>N/A</lei>
        <title>Mtp Abs Funding LLC, Series 2026-1A, Class A2</title>
        <cusip>55378HAA8</cusip>
        <identifiers>
          <isin value="US55378HAA86"/>
          <other otherDesc="Inhouse Asset ID" value="55378HAA8"/>
        </identifiers>
        <balance>278000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>278000.00000000</valUSD>
        <pctVal>0.046966335923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.19800000</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>Mtp Abs Funding LLC</name>
        <lei>N/A</lei>
        <title>Mtp Abs Funding LLC, Series 2026-1A, Class B</title>
        <cusip>55378HAB6</cusip>
        <identifiers>
          <isin value="US55378HAB69"/>
          <other otherDesc="Inhouse Asset ID" value="55378HAB6"/>
        </identifiers>
        <balance>433000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>434911.29000000</valUSD>
        <pctVal>0.073475502673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.88200000</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>MAC Trust</name>
        <lei>N/A</lei>
        <title>MAC Trust, Series 2025-801B, Class A</title>
        <cusip>553918AA1</cusip>
        <identifiers>
          <isin value="US553918AA15"/>
          <other otherDesc="Inhouse Asset ID" value="553918AA1"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>998940.50000000</valUSD>
        <pctVal>0.168764658599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.35470840</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>MF1 Multifamily Housing Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>MF1 Multifamily Housing Mortgage Loan Trust, Series 2024-FL14, Class A</title>
        <cusip>55416AAA7</cusip>
        <identifiers>
          <isin value="US55416AAA79"/>
          <other otherDesc="Inhouse Asset ID" value="55416AAA7"/>
        </identifiers>
        <balance>414469.19000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>414856.53000000</valUSD>
        <pctVal>0.070087378230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.39170920</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>MAD Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MAD Commercial Mortgage Trust, Series 2025-11MD, Class E</title>
        <cusip>55616AAJ6</cusip>
        <identifiers>
          <isin value="US55616AAJ60"/>
          <other otherDesc="Inhouse Asset ID" value="55616AAJ6"/>
        </identifiers>
        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>450535.32000000</valUSD>
        <pctVal>0.076115083397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.57182240</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Madison Park Funding XL-R Ltd.</name>
        <lei>N/A</lei>
        <title>Madison Park Funding XL-R Ltd., Series 2025-40RA, Class A</title>
        <cusip>55823RAA7</cusip>
        <identifiers>
          <isin value="US55823RAA77"/>
          <other otherDesc="Inhouse Asset ID" value="55823RAA7"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2004495.80000000</valUSD>
        <pctVal>0.338646845684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.96951920</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>MAIN Trust</name>
        <lei>N/A</lei>
        <title>MAIN Trust, Series 2026-OLAS, Class A</title>
        <cusip>56036BAA3</cusip>
        <identifiers>
          <isin value="US56036BAA35"/>
          <other otherDesc="Inhouse Asset ID" value="56036BAA3"/>
        </identifiers>
        <balance>692000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>691996.56000000</valUSD>
        <pctVal>0.116908427679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.35470840</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>MAIN Trust</name>
        <lei>N/A</lei>
        <title>MAIN Trust, Series 2026-OLAS, Class F</title>
        <cusip>56036BAL9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mariner Finance Issuance Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mariner Finance Issuance Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MFA Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MFA Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MCR Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MCR Mortgage Trust, Series 2024-TWA, Class E</title>
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          <isin value="US582923AE88"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>MHP Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MHP Commercial Mortgage Trust, Series 2025-MHIL2, Class E</title>
        <cusip>59317DAJ4</cusip>
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          <isin value="US59317DAJ46"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
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        <cusip>61691DAA5</cusip>
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          <isin value="US61691DAA54"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley Capital I, Inc. Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley IXIS Real Estate Capital Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley IXIS Real Estate Capital Trust, Series 2006-1, Class A3</title>
        <cusip>61749QAD2</cusip>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust, Series 2019-H6, Class D</title>
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          <isin value="US61769JAC53"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC2, Class A1</title>
        <cusip>61778XAA7</cusip>
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          <isin value="US61778XAA72"/>
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        <balance>701452.55000000</balance>
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        <curCd>USD</curCd>
        <valUSD>703805.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.44299840</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>Morgan Stanley Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM5, Class A1</title>
        <cusip>61779BAA4</cusip>
        <identifiers>
          <isin value="US61779BAA44"/>
          <other otherDesc="Inhouse Asset ID" value="61779BAA4"/>
        </identifiers>
        <balance>622653.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>624831.85000000</valUSD>
        <pctVal>0.105561376125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.43899880</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>Morgan Stanley Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Residential Mortgage Loan Trust, Series 2026-NQM4, Class A1</title>
        <cusip>61780QAC4</cusip>
        <identifiers>
          <isin value="US61780QAC42"/>
          <other otherDesc="Inhouse Asset ID" value="61780QAC4"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1993732.20000000</valUSD>
        <pctVal>0.336828403766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2071-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.07499920</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>Morgan Stanley Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM1, Class B1A</title>
        <cusip>617932AH1</cusip>
        <identifiers>
          <isin value="US617932AH13"/>
          <other otherDesc="Inhouse Asset ID" value="617932AH1"/>
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        <balance>322838.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>325955.97000000</valUSD>
        <pctVal>0.055068192745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.94400040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mosaic Solar Loan Trust</name>
        <lei>N/A</lei>
        <title>Mosaic Solar Loan Trust, Series 2019-2A, Class A</title>
        <cusip>61945LAA1</cusip>
        <identifiers>
          <isin value="US61945LAA17"/>
          <other otherDesc="Inhouse Asset ID" value="61945LAA1"/>
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        <balance>29695.97000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26262.26000000</valUSD>
        <pctVal>0.004436842177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.88000000</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>MTN Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MTN Commercial Mortgage Trust, Series 2022-LPFL, Class A</title>
        <cusip>62475WAA3</cusip>
        <identifiers>
          <isin value="US62475WAA36"/>
          <other otherDesc="Inhouse Asset ID" value="62475WAA3"/>
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        <balance>1633000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1632489.69000000</valUSD>
        <pctVal>0.275798774001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.05689840</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>MTN Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MTN Commercial Mortgage Trust, Series 2026-LPFX, Class A</title>
        <cusip>624944AA2</cusip>
        <identifiers>
          <isin value="US624944AA20"/>
          <other otherDesc="Inhouse Asset ID" value="624944AA2"/>
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        <balance>4853000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4881056.41000000</valUSD>
        <pctVal>0.824623507246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.15324000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NCMF Trust</name>
        <lei>N/A</lei>
        <title>NCMF Trust, Series 2025-MFS, Class E</title>
        <cusip>62887TAJ3</cusip>
        <identifiers>
          <isin value="US62887TAJ34"/>
          <other otherDesc="Inhouse Asset ID" value="62887TAJ3"/>
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        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>677265.84000000</valUSD>
        <pctVal>0.114419766011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.77996720</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>NCMF Trust</name>
        <lei>N/A</lei>
        <title>NCMF Trust</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="62887TAL8"/>
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        <balance>206000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206837.76000000</valUSD>
        <pctVal>0.034943927042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.43699960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NYC Trust</name>
        <lei>N/A</lei>
        <title>NYC Trust, Series 2024-3ELV, Class A</title>
        <cusip>62956HAA4</cusip>
        <identifiers>
          <isin value="US62956HAA41"/>
          <other otherDesc="Inhouse Asset ID" value="62956HAA4"/>
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        <balance>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>295000.00000000</valUSD>
        <pctVal>0.049838378048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.64564960</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>NYMT Trust</name>
        <lei>N/A</lei>
        <title>NYMT Trust, Series 2024-RR1, Class A</title>
        <cusip>62956VAA3</cusip>
        <identifiers>
          <isin value="US62956VAA35"/>
          <other otherDesc="Inhouse Asset ID" value="62956VAA3"/>
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        <balance>856994.45000000</balance>
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        <curCd>USD</curCd>
        <valUSD>851835.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.37499960</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>Navient Student Loan Trust</name>
        <lei>N/A</lei>
        <title>Navient Student Loan Trust, Series 2018-EA, Class B</title>
        <cusip>63890BAC0</cusip>
        <identifiers>
          <isin value="US63890BAC00"/>
          <other otherDesc="Inhouse Asset ID" value="63890BAC0"/>
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        <balance>270878.42000000</balance>
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        <curCd>USD</curCd>
        <valUSD>265839.70000000</valUSD>
        <pctVal>0.044911930403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.44000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Navient Refinance Loan Trust</name>
        <lei>N/A</lei>
        <title>Navient Refinance Loan Trust, Series 2025-C, Class A</title>
        <cusip>638973AA5</cusip>
        <identifiers>
          <isin value="US638973AA57"/>
          <other otherDesc="Inhouse Asset ID" value="638973AA5"/>
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        <balance>85349.27270000</balance>
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        <curCd>USD</curCd>
        <valUSD>84700.34000000</valUSD>
        <pctVal>0.014309584968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</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>Navient Private Education Refi Loan Trust</name>
        <lei>N/A</lei>
        <title>Navient Private Education Refi Loan Trust, Series 2019-D, Class A2A</title>
        <cusip>63941CAB9</cusip>
        <identifiers>
          <isin value="US63941CAB90"/>
          <other otherDesc="Inhouse Asset ID" value="63941CAB9"/>
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        <balance>108614.87440000</balance>
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        <curCd>USD</curCd>
        <valUSD>105676.72000000</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>2059-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.01000000</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>Navient Private Education Loan Trust</name>
        <lei>N/A</lei>
        <title>Navient Private Education Loan Trust, Series 2020-A, Class A2B</title>
        <cusip>63941FAC0</cusip>
        <identifiers>
          <isin value="US63941FAC05"/>
          <other otherDesc="Inhouse Asset ID" value="63941FAC0"/>
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        <balance>233900.02380000</balance>
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        <curCd>USD</curCd>
        <valUSD>233415.64000000</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>2068-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.66918920</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>Navient Private Education Refi Loan Trust</name>
        <lei>N/A</lei>
        <title>Navient Private Education Refi Loan Trust, Series 2020-CA, Class A2A</title>
        <cusip>63941KAB1</cusip>
        <identifiers>
          <isin value="US63941KAB17"/>
          <other otherDesc="Inhouse Asset ID" value="63941KAB1"/>
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        <balance>283372.63890000</balance>
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        <curCd>USD</curCd>
        <valUSD>273619.12000000</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>2068-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</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>Navient Student Loan Trust</name>
        <lei>N/A</lei>
        <title>Navient Student Loan Trust, Series 2019-BA, Class A2B</title>
        <cusip>63941LAC7</cusip>
        <identifiers>
          <isin value="US63941LAC72"/>
          <other otherDesc="Inhouse Asset ID" value="63941LAC7"/>
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        <balance>274503.02200000</balance>
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        <curCd>USD</curCd>
        <valUSD>274362.81000000</valUSD>
        <pctVal>0.046351855753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.74918840</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>Navient Private Education Refi Loan Trust</name>
        <lei>N/A</lei>
        <title>Navient Private Education Refi Loan Trust, Series 2020-IA, Class A1B</title>
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      <invstOrSec>
        <name>Nelnet Student Loan Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nelnet Student Loan Trust</name>
        <lei>N/A</lei>
        <title>Nelnet Student Loan Trust, Series 2021-CA, Class B</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nelnet Student Loan Trust</name>
        <lei>N/A</lei>
        <title>Nelnet Student Loan Trust, Series 2021-CA, Class D</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nelnet Student Loan Trust</name>
        <lei>N/A</lei>
        <title>Nelnet Student Loan Trust, Series 2025-CA, Class A1B</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nelnet Student Loan Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Neuberger Berman CLO XVI-S Ltd.</name>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 30 Ltd.</name>
        <lei>549300WWWM7IDWOVIL36</lei>
        <title>Neuberger Berman Loan Advisers CLO 30 Ltd., Series 2018-30A, Class A1R2</title>
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          <isin value="US64132MBA53"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>New Residential Mortgage Loan Trust, Series 2026-NQM5, Class A1</title>
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          <isin value="US647913AE24"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>New Residential Mortgage Loan Trust, Series 2020-RPL1, Class B3</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>New Residential Mortgage Loan Trust, Series 2022-SFR1, Class F</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>213800CZKHCTHKMD9W65</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>New Residential Mortgage Loan Trust</name>
        <lei>213800CZKHCTHKMD9W65</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>New Residential Mortgage Loan Trust</name>
        <lei>2138001CG5SYL78G3648</lei>
        <title>New Residential Mortgage Loan Trust, Series 2025-NQM4, Class A1</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NRZT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Residential Mortgage Loan Trust</name>
        <lei>213800ECBEJHYYK9P940</lei>
        <title>New Residential Mortgage Loan Trust, Series 2026-NQM1, Class A1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>213800BXPAJOYIE7S264</lei>
        <title>New Residential Mortgage Loan Trust, Series 2026-NQM3, Class B1</title>
        <cusip>64832PAJ3</cusip>
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        <valUSD>988210.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.36500160</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomura Resecuritization Trust</name>
        <lei>N/A</lei>
        <title>Nomura Resecuritization Trust, Series 2014-8R, Class 1A2</title>
        <cusip>65540QAB8</cusip>
        <identifiers>
          <isin value="US65540QAB86"/>
          <other otherDesc="Inhouse Asset ID" value="65540QAB8"/>
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        <balance>905428.92880000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>867258.76000000</valUSD>
        <pctVal>0.146517864226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.24526400</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NRTH Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>NRTH Commercial Mortgage Trust, Series 2025-PARK, Class A</title>
        <cusip>669985AA1</cusip>
        <identifiers>
          <isin value="US669985AA17"/>
          <other otherDesc="Inhouse Asset ID" value="669985AA1"/>
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        <balance>1075000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1074328.88000000</valUSD>
        <pctVal>0.181501047016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.04798120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORL Trust</name>
        <lei>N/A</lei>
        <title>ORL Trust, Series 2024-GLKS, Class A</title>
        <cusip>67120DAA3</cusip>
        <identifiers>
          <isin value="US67120DAA37"/>
          <other otherDesc="Inhouse Asset ID" value="67120DAA3"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400625.00000000</valUSD>
        <pctVal>0.067683051544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.14721160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NYC Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>NYC Commercial Mortgage Trust, Series 2025-300P, Class D</title>
        <cusip>67121TAG4</cusip>
        <identifiers>
          <isin value="US67121TAG40"/>
          <other otherDesc="Inhouse Asset ID" value="67121TAG4"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>498272.65000000</valUSD>
        <pctVal>0.084180002379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.16100040</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>NYMT Loan Trust</name>
        <lei>254900JF85A0S614L988</lei>
        <title>NYMT Loan Trust, Series 2025-CP1, Class A1</title>
        <cusip>67121VAA2</cusip>
        <identifiers>
          <isin value="US67121VAA26"/>
          <other otherDesc="Inhouse Asset ID" value="67121VAA2"/>
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        <balance>677763.35000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>652716.67000000</valUSD>
        <pctVal>0.110272339518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.75000120</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>NYC Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>NYC Commercial Mortgage Trust, Series 2025-11X, Class A</title>
        <cusip>67122NAA9</cusip>
        <identifiers>
          <isin value="US67122NAA90"/>
          <other otherDesc="Inhouse Asset ID" value="67122NAA9"/>
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        <balance>1350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1353375.00000000</valUSD>
        <pctVal>0.228644118275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.39771040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NYC Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>NYC Commercial Mortgage Trust, Series 2025-28L, Class A</title>
        <cusip>67123JAA7</cusip>
        <identifiers>
          <isin value="US67123JAA79"/>
          <other otherDesc="Inhouse Asset ID" value="67123JAA7"/>
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        <balance>314000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>313138.32000000</valUSD>
        <pctVal>0.052902732114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.82381640</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>NYC Trust</name>
        <lei>N/A</lei>
        <title>NYC Trust, Series 2025-77C, Class A</title>
        <cusip>67123LAA2</cusip>
        <identifiers>
          <isin value="US67123LAA26"/>
          <other otherDesc="Inhouse Asset ID" value="67123LAA2"/>
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        <balance>970000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>963891.91000000</valUSD>
        <pctVal>0.162843421723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.94932680</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>OBX Trust</name>
        <lei>N/A</lei>
        <title>OBX Trust, Series 2026-NQM6, Class A1LC</title>
        <cusip>67124EAB5</cusip>
        <identifiers>
          <isin value="US67124EAB56"/>
          <other otherDesc="Inhouse Asset ID" value="67124EAB5"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1985897.80000000</valUSD>
        <pctVal>0.335504831600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-04-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.06300040</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>NYC Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>NYC Commercial Mortgage Trust, Series 2026-1325, Class A</title>
        <cusip>67124GAA2</cusip>
        <identifiers>
          <isin value="US67124GAA22"/>
          <other otherDesc="Inhouse Asset ID" value="67124GAA2"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000662.10000000</valUSD>
        <pctVal>0.169055511995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.33139840</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>Octagon Investment Partners 32 Ltd.</name>
        <lei>N/A</lei>
        <title>Octagon Investment Partners 32 Ltd., Series 2017-1A, Class A1R3</title>
        <cusip>67573CAS8</cusip>
        <identifiers>
          <isin value="US67573CAS89"/>
          <other otherDesc="Inhouse Asset ID" value="67573CAS8"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5010640.00000000</valUSD>
        <pctVal>0.846515832491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.05310040</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>Octagon Investment Partners XVII Ltd.</name>
        <lei>54930007Y57X4ONHQV20</lei>
        <title>Octagon Investment Partners XVII Ltd., Series 2013-1A, Class BR2</title>
        <cusip>67590GBL2</cusip>
        <identifiers>
          <isin value="US67590GBL23"/>
          <other otherDesc="Inhouse Asset ID" value="67590GBL2"/>
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        <balance>267350.83800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267340.92000000</valUSD>
        <pctVal>0.045165551995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.32820160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>One Bryant Park Trust</name>
        <lei>N/A</lei>
        <title>One Bryant Park Trust, Series 2019-OBP, Class A</title>
        <cusip>68236JAA9</cusip>
        <identifiers>
          <isin value="US68236JAA97"/>
          <other otherDesc="Inhouse Asset ID" value="68236JAA9"/>
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        <balance>1072000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>992172.13000000</valUSD>
        <pctVal>0.167621185437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.51641000</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>One Market Plaza Trust</name>
        <lei>N/A</lei>
        <title>One Market Plaza Trust, Series 2017-1MKT, Class D</title>
        <cusip>68245HAG9</cusip>
        <identifiers>
          <isin value="US68245HAG92"/>
          <other otherDesc="Inhouse Asset ID" value="68245HAG9"/>
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        <balance>415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>386981.69000000</valUSD>
        <pctVal>0.065378100895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.14550000</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>1301 Trust</name>
        <lei>N/A</lei>
        <title>1301 Trust, Series 2025-1301, Class F</title>
        <cusip>682461AN8</cusip>
        <identifiers>
          <isin value="US682461AN83"/>
          <other otherDesc="Inhouse Asset ID" value="682461AN8"/>
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        <balance>259000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>268943.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.37335880</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>One New York Plaza Trust</name>
        <lei>N/A</lei>
        <title>One New York Plaza Trust, Series 2020-1NYP, Class A</title>
        <cusip>68249DAA7</cusip>
        <identifiers>
          <isin value="US68249DAA72"/>
          <other otherDesc="Inhouse Asset ID" value="68249DAA7"/>
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        <balance>174623.06000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169711.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71948120</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>One New York Plaza Trust</name>
        <lei>N/A</lei>
        <title>One New York Plaza Trust, Series 2020-1NYP, Class AJ</title>
        <cusip>68249DAC3</cusip>
        <identifiers>
          <isin value="US68249DAC39"/>
          <other otherDesc="Inhouse Asset ID" value="68249DAC3"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96937.50000000</valUSD>
        <pctVal>0.016376975498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.01948000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OneMain Financial Issuance Trust</name>
        <lei>N/A</lei>
        <title>OneMain Financial Issuance Trust, Series 2020-2A, Class D</title>
        <cusip>682696AD1</cusip>
        <identifiers>
          <isin value="US682696AD17"/>
          <other otherDesc="Inhouse Asset ID" value="682696AD1"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>725412.23000000</valUSD>
        <pctVal>0.122553793083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</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>OneMain Financial Issuance Trust</name>
        <lei>N/A</lei>
        <title>OneMain Financial Issuance Trust, Series 2019-2A, Class C</title>
        <cusip>68269BAC2</cusip>
        <identifiers>
          <isin value="US68269BAC28"/>
          <other otherDesc="Inhouse Asset ID" value="68269BAC2"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>288972.48000000</valUSD>
        <pctVal>0.048820066792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.66000000</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>OneMain Financial Issuance Trust</name>
        <lei>N/A</lei>
        <title>OneMain Financial Issuance Trust, Series 2023-2A, Class C</title>
        <cusip>68269HAC9</cusip>
        <identifiers>
          <isin value="US68269HAC97"/>
          <other otherDesc="Inhouse Asset ID" value="68269HAC9"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102634.23000000</valUSD>
        <pctVal>0.017339401882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.74000000</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>OneMain Financial Issuance Trust</name>
        <lei>N/A</lei>
        <title>OneMain Financial Issuance Trust, Series 2023-2A, Class D</title>
        <cusip>68269HAD7</cusip>
        <identifiers>
          <isin value="US68269HAD70"/>
          <other otherDesc="Inhouse Asset ID" value="68269HAD7"/>
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        <balance>880000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>905385.18000000</valUSD>
        <pctVal>0.152959080950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.52000000</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>OneMain Financial Issuance Trust</name>
        <lei>N/A</lei>
        <title>OneMain Financial Issuance Trust, Series 2024-1A, Class B</title>
        <cusip>68269NAB8</cusip>
        <identifiers>
          <isin value="US68269NAB82"/>
          <other otherDesc="Inhouse Asset ID" value="68269NAB8"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207516.98000000</valUSD>
        <pctVal>0.035058676951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.03000000</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>OneMain Financial Issuance Trust</name>
        <lei>N/A</lei>
        <title>OneMain Financial Issuance Trust, Series 2025-1A, Class D</title>
        <cusip>68270DAD3</cusip>
        <identifiers>
          <isin value="US68270DAD30"/>
          <other otherDesc="Inhouse Asset ID" value="68270DAD3"/>
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        <balance>415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>416484.29000000</valUSD>
        <pctVal>0.070362377953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.79000000</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>1345T</name>
        <lei>N/A</lei>
        <title>1345T, Series 2025-AOA, Class A</title>
        <cusip>68271CAA0</cusip>
        <identifiers>
          <isin value="US68271CAA09"/>
          <other otherDesc="Inhouse Asset ID" value="68271CAA0"/>
        </identifiers>
        <balance>1595000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1595000.00000000</valUSD>
        <pctVal>0.269465128770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.25471120</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>1345T</name>
        <lei>N/A</lei>
        <title>1345T, Series 2025-AOA, Class E</title>
        <cusip>68271CAJ1</cusip>
        <identifiers>
          <isin value="US68271CAJ18"/>
          <other otherDesc="Inhouse Asset ID" value="68271CAJ1"/>
        </identifiers>
        <balance>775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>780579.59000000</valUSD>
        <pctVal>0.131873968485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.15470920</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>ONNI Commerical Mortgage Trust</name>
        <lei>N/A</lei>
        <title>ONNI Commerical Mortgage Trust, Series 2024-APT, Class A</title>
        <cusip>682939AA1</cusip>
        <identifiers>
          <isin value="US682939AA17"/>
          <other otherDesc="Inhouse Asset ID" value="682939AA1"/>
        </identifiers>
        <balance>490000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>494900.00000000</valUSD>
        <pctVal>0.083610214563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.75301240</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>Option One Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Option One Mortgage Loan Trust, Series 2007-FXD1, Class 2A1</title>
        <cusip>68402VAB8</cusip>
        <identifiers>
          <isin value="US68402VAB80"/>
          <other otherDesc="Inhouse Asset ID" value="68402VAB8"/>
        </identifiers>
        <balance>813351.48240000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>700744.60000000</valUSD>
        <pctVal>0.118386353526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.86599840</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>Option One Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Option One Mortgage Loan Trust, Series 2007-FXD1, Class 3A4</title>
        <cusip>68402VAF9</cusip>
        <identifiers>
          <isin value="US68402VAF94"/>
          <other otherDesc="Inhouse Asset ID" value="68402VAF9"/>
        </identifiers>
        <balance>490738.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>481627.65000000</valUSD>
        <pctVal>0.081367935251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.86000080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLYM Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>PLYM Commercial Mortgage Trust, Series 2026-IND, Class D</title>
        <cusip>69292BAG2</cusip>
        <identifiers>
          <isin value="US69292BAG23"/>
          <other otherDesc="Inhouse Asset ID" value="69292BAG2"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>995004.20000000</valUSD>
        <pctVal>0.168099645693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.80470840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PFS Financing Corp.</name>
        <lei>N/A</lei>
        <title>PFS Financing Corp., Series 2025-B, Class B</title>
        <cusip>69335PFV2</cusip>
        <identifiers>
          <isin value="US69335PFV22"/>
          <other otherDesc="Inhouse Asset ID" value="69335PFV2"/>
        </identifiers>
        <balance>484000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>488020.49000000</valUSD>
        <pctVal>0.082447965003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.14000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PKHL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>PKHL Commercial Mortgage Trust, Series 2021-MF, Class NR</title>
        <cusip>69356GAU3</cusip>
        <identifiers>
          <isin value="US69356GAU31"/>
          <other otherDesc="Inhouse Asset ID" value="69356GAU3"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36435.84000000</valUSD>
        <pctVal>0.006155603960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.76947840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PGA Trust</name>
        <lei>N/A</lei>
        <title>PGA Trust, Series 2024-RSR2, Class A</title>
        <cusip>69381CAA5</cusip>
        <identifiers>
          <isin value="US69381CAA53"/>
          <other otherDesc="Inhouse Asset ID" value="69381CAA5"/>
        </identifiers>
        <balance>380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>379881.25000000</valUSD>
        <pctVal>0.064178526613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.54560920</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>PENN Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>PENN Commercial Mortgage Trust, Series 2025-P11, Class A</title>
        <cusip>69382VAA2</cusip>
        <identifiers>
          <isin value="US69382VAA26"/>
          <other otherDesc="Inhouse Asset ID" value="69382VAA2"/>
        </identifiers>
        <balance>328000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>333139.76000000</valUSD>
        <pctVal>0.056281848480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.52213360</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PRPM LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRPM Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRPM Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PRKCM Trust</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palmer Square CLO Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Planet Fitness Master Issuer LLC</name>
        <lei>549300NX9W3U2DO53T22</lei>
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          <isin value="US72703PAJ21"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Point Broadband Funding LLC</name>
        <lei>N/A</lei>
        <title>Point Broadband Funding LLC, Series 2025-1A, Class B</title>
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          <isin value="US73052AAE10"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Post CLO Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US73743EAA64"/>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>PRM8 Trust</name>
        <lei>N/A</lei>
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          <isin value="US74290LAA52"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PRM8 Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PRM8 Trust</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>Progress Residential Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Progress Residential Trust</name>
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        <title>Progress Residential Trust, Series 2021-SFR11, Class F</title>
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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>Progress Residential Trust</name>
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        <title>Progress Residential Trust, Series 2023-SFR1, Class E1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Progress Residential Trust</name>
        <lei>N/A</lei>
        <title>Progress Residential Trust, Series 2026-SFR1, Class E</title>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>PRPM Trust</name>
        <lei>N/A</lei>
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          <isin value="US74391DAC74"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.33526480</annualizedRt>
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        <name>QTS Issuer ABS II LLC</name>
        <lei>N/A</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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>QTS Issuer ABS II LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>QTS Issuer ABS II LLC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>RAAC Trust</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>RALI Trust</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>RASC Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>RFMSI Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RMF Buyout Issuance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RR 16 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Race Point X CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RALI Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RALI Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Residential Mortgage Loan Trust</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.03699840</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Residential Mortgage Loan Trust, Series 2019-3, Class B2</title>
        <cusip>76119NAF4</cusip>
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          <isin value="US76119NAF42"/>
          <other otherDesc="Inhouse Asset ID" value="76119NAF4"/>
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        <curCd>USD</curCd>
        <valUSD>996698.60000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.66399880</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Retained Vantage Data Centers Issuer LLC</name>
        <lei>254900N4NW6XZ9B4HM15</lei>
        <title>Retained Vantage Data Centers Issuer LLC, Series 2025-1A, Class A2A</title>
        <cusip>76134KAM6</cusip>
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          <isin value="US76134KAM62"/>
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        <curCd>USD</curCd>
        <valUSD>152172.10000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Sesac Finance LLC</name>
        <lei>N/A</lei>
        <title>Sesac Finance LLC, Series 2025-1, Class A2</title>
        <cusip>78396YAE3</cusip>
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          <isin value="US78396YAE32"/>
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        <curCd>USD</curCd>
        <valUSD>156470.08000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SCG Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SCG Commercial Mortgage Trust, Series 2025-DLFN, Class E</title>
        <cusip>78398EAJ4</cusip>
        <identifiers>
          <isin value="US78398EAJ47"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125027.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.60471120</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SCG Trust</name>
        <lei>N/A</lei>
        <title>SCG Trust, Series 2025-SNIP, Class A</title>
        <cusip>78398JAA2</cusip>
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          <isin value="US78398JAA25"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002500.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.15471040</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SG Residential Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SG Residential Mortgage Trust, Series 2026-3, Class A1LC</title>
        <cusip>78398MAF4</cusip>
        <identifiers>
          <isin value="US78398MAF41"/>
          <other otherDesc="Inhouse Asset ID" value="78398MAF4"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1999947.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25200040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHR Trust</name>
        <lei>N/A</lei>
        <title>SHR Trust, Series 2024-LXRY, Class A</title>
        <cusip>784234AA4</cusip>
        <identifiers>
          <isin value="US784234AA47"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>421468.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.60471040</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SCG Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SCG Mortgage Trust, Series 2024-MSP, Class A</title>
        <cusip>78436EAA7</cusip>
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          <isin value="US78436EAA73"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500000.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.39570880</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SDAL Trust</name>
        <lei>N/A</lei>
        <title>SDAL Trust, Series 2025-DAL, Class A</title>
        <cusip>78437RAA7</cusip>
        <identifiers>
          <isin value="US78437RAA77"/>
          <other otherDesc="Inhouse Asset ID" value="78437RAA7"/>
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        <balance>492000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>491999.85000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.09603120</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SLM Private Credit Student Loan Trust</name>
        <lei>549300HIOV1ESFZYQ040</lei>
        <title>SLM Private Credit Student Loan Trust, Series 2004-B, Class A4</title>
        <cusip>78443CBP8</cusip>
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          <isin value="US78443CBP86"/>
          <other otherDesc="Inhouse Asset ID" value="78443CBP8"/>
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        <balance>449514.95190000</balance>
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        <curCd>USD</curCd>
        <valUSD>445984.69000000</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>2033-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.36561920</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>N/A</lei>
        <title>SMB Private Education Loan Trust, Series 2021-A, Class A2A1</title>
        <cusip>78448YAB7</cusip>
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          <isin value="US78448YAB74"/>
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        <balance>397850.52120000</balance>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>N/A</lei>
        <title>SMB Private Education Loan Trust, Series 2021-A, Class B</title>
        <cusip>78448YAD3</cusip>
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          <isin value="US78448YAD31"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>N/A</lei>
        <title>SMB Private Education Loan Trust, Series 2021-A, Class C</title>
        <cusip>78448YAE1</cusip>
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          <isin value="US78448YAE14"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>N/A</lei>
        <title>SMB Private Education Loan Trust, Series 2021-A, Class APL</title>
        <cusip>78448YAM3</cusip>
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          <isin value="US78448YAM30"/>
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        <balance>241223.37700000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>N/A</lei>
        <title>SMB Private Education Loan Trust, Series 2023-B, Class A1B</title>
        <cusip>78449HAB3</cusip>
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        <balance>151443.31260000</balance>
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        <valUSD>154046.64000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>549300QHI21JZK7YIR34</lei>
        <title>SMB Private Education Loan Trust, Series 2018-A, Class A2A</title>
        <cusip>78449PAB5</cusip>
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        <balance>152179.41000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151669.58000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>549300V1P5RKG8RJI005</lei>
        <title>SMB Private Education Loan Trust, Series 2018-C, Class A2A</title>
        <cusip>78449QAB3</cusip>
        <identifiers>
          <isin value="US78449QAB32"/>
          <other otherDesc="Inhouse Asset ID" value="78449QAB3"/>
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        <balance>143744.30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>143210.10000000</valUSD>
        <pctVal>0.024194437641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.63000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>N/A</lei>
        <title>SMB Private Education Loan Trust, Series 2020-B, Class B</title>
        <cusip>78449XAC6</cusip>
        <identifiers>
          <isin value="US78449XAC65"/>
          <other otherDesc="Inhouse Asset ID" value="78449XAC6"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>228247.75000000</valUSD>
        <pctVal>0.038561008993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.76000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SLG Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SLG Commercial Mortgage Trust, Series 2026-PAT, Class A</title>
        <cusip>78451CAA1</cusip>
        <identifiers>
          <isin value="US78451CAA18"/>
          <other otherDesc="Inhouse Asset ID" value="78451CAA1"/>
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        <balance>1077000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1069596.49000000</valUSD>
        <pctVal>0.180701539755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.92792480</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SLG Office Trust</name>
        <lei>N/A</lei>
        <title>SLG Office Trust, Series 2026-OMA, Class F</title>
        <cusip>78451FAL0</cusip>
        <identifiers>
          <isin value="US78451FAL04"/>
          <other otherDesc="Inhouse Asset ID" value="78451FAL0"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>503462.10000000</valUSD>
        <pctVal>0.085056727026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.92218880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMRT</name>
        <lei>N/A</lei>
        <title>SMRT, Series 2022-MINI, Class B</title>
        <cusip>78457JAG7</cusip>
        <identifiers>
          <isin value="US78457JAG76"/>
          <other otherDesc="Inhouse Asset ID" value="78457JAG7"/>
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        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>849203.13000000</valUSD>
        <pctVal>0.143467480111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00500080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWCH Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A</title>
        <cusip>78489CAA7</cusip>
        <identifiers>
          <isin value="US78489CAA71"/>
          <other otherDesc="Inhouse Asset ID" value="78489CAA7"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4956250.00000000</valUSD>
        <pctVal>0.837326987128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09761080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saluda Grade Alternative Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Saluda Grade Alternative Mortgage Trust, Series 2024-RTL4, Class A1</title>
        <cusip>79584CAA9</cusip>
        <identifiers>
          <isin value="US79584CAA99"/>
          <other otherDesc="Inhouse Asset ID" value="79584CAA9"/>
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        <balance>1510.60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1503.16000000</valUSD>
        <pctVal>0.000253949343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.49999880</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>Sandstone Peak III Ltd.</name>
        <lei>2549005C0PJHMYEI7U38</lei>
        <title>Sandstone Peak III Ltd., Series 2024-1A, Class A1</title>
        <cusip>799928AA4</cusip>
        <identifiers>
          <isin value="US799928AA46"/>
          <other otherDesc="Inhouse Asset ID" value="799928AA4"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000000.00000000</valUSD>
        <pctVal>0.337887308803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.29659000</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>Sandstone Peak III Ltd.</name>
        <lei>2549005C0PJHMYEI7U38</lei>
        <title>Sandstone Peak III Ltd., Series 2024-1A, Class A1R</title>
        <cusip>799928AS5</cusip>
        <identifiers>
          <isin value="US799928AS53"/>
          <other otherDesc="Inhouse Asset ID" value="799928AS5"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000000.00000000</valUSD>
        <pctVal>0.337887308803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Santander Mortgage Asset Receivable Trust</name>
        <lei>N/A</lei>
        <title>Santander Mortgage Asset Receivable Trust, Series 2025-NQM3, Class A1</title>
        <cusip>80263AAA9</cusip>
        <identifiers>
          <isin value="US80263AAA97"/>
          <other otherDesc="Inhouse Asset ID" value="80263AAA9"/>
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        <balance>543831.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>546718.09000000</valUSD>
        <pctVal>0.092364552052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.59900080</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>SCOTT Trust</name>
        <lei>N/A</lei>
        <title>SCOTT Trust, Series 2023-SFS, Class A</title>
        <cusip>810064AA3</cusip>
        <identifiers>
          <isin value="US810064AA37"/>
          <other otherDesc="Inhouse Asset ID" value="810064AA3"/>
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        <balance>365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>370993.56000000</valUSD>
        <pctVal>0.062677007785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90975000</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>Sculptor CLO XXIX Ltd.</name>
        <lei>254900GX0OVY3JW8NA67</lei>
        <title>Sculptor CLO XXIX Ltd., Series 29A, Class AR</title>
        <cusip>81124EAQ3</cusip>
        <identifiers>
          <isin value="US81124EAQ35"/>
          <other otherDesc="Inhouse Asset ID" value="81124EAQ3"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2005394.80000000</valUSD>
        <pctVal>0.338798726030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.03363880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Securitized Asset-Backed Receivables LLC Trust</name>
        <lei>N/A</lei>
        <title>Securitized Asset-Backed Receivables LLC Trust, Series 2007-BR1, Class A2B</title>
        <cusip>81378KAC3</cusip>
        <identifiers>
          <isin value="US81378KAC36"/>
          <other otherDesc="Inhouse Asset ID" value="81378KAC3"/>
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        <balance>1798376.23640000</balance>
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        <curCd>USD</curCd>
        <valUSD>720511.17000000</valUSD>
        <pctVal>0.121725790097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.30878960</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>SELF Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SELF Commercial Mortgage Trust, Series 2024-STRG, Class E</title>
        <cusip>81631WAJ5</cusip>
        <identifiers>
          <isin value="US81631WAJ53"/>
          <other otherDesc="Inhouse Asset ID" value="81631WAJ5"/>
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        <balance>287000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>286015.13000000</valUSD>
        <pctVal>0.048320441276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.84320120</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>SELF Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SELF Commercial Mortgage Trust, Series 2024-STRG, Class F</title>
        <cusip>81631WAL0</cusip>
        <identifiers>
          <isin value="US81631WAL00"/>
          <other otherDesc="Inhouse Asset ID" value="81631WAL0"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>139089.73000000</valUSD>
        <pctVal>0.023498327275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.84172960</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>SG Residential Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SG Residential Mortgage Trust, Series 2026-1, Class A1</title>
        <cusip>818916AA6</cusip>
        <identifiers>
          <isin value="US818916AA63"/>
          <other otherDesc="Inhouse Asset ID" value="818916AA6"/>
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        <balance>986844.26000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>979085.79000000</valUSD>
        <pctVal>0.165410331335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.78199880</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>Silver Point CLO 6 Ltd.</name>
        <lei>254900RSFBN3VCGBVP05</lei>
        <title>Silver Point CLO 6 Ltd., Series 2024-6A, Class A1</title>
        <cusip>82808MAA1</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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      <invstOrSec>
        <name>Sofi Consumer Loan Program Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sofi Consumer Loan Program Trust</name>
        <lei>N/A</lei>
        <title>SoFi Consumer Loan Program Trust, Series 2026-B, Class C</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Sofi Consumer Loan Program Trust</name>
        <lei>N/A</lei>
        <title>SoFi Consumer Loan Program Trust, Series 2026-B, Class D</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Sound Point CLO V-R Ltd.</name>
        <lei>549300UPX3H8ENJXHI23</lei>
        <title>Sound Point CLO V-R Ltd., Series 2014-1RA, Class A</title>
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          <isin value="US83607EAA01"/>
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        <curCd>USD</curCd>
        <valUSD>46160.74000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Sounds Point CLO IV-R Ltd.</name>
        <lei>549300HOEGQTNS4MTZ12</lei>
        <title>Sounds Point CLO IV-R Ltd., Series 2013-3RA, Class A</title>
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        <balance>465308.73030000</balance>
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        <curCd>USD</curCd>
        <valUSD>465522.12000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sound Point CLO VI-R Ltd.</name>
        <lei>5493001FKRL3V2YW2890</lei>
        <title>Sound Point CLO VI-R Ltd., Series 2014-2RA, Class A</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Spruce Hill Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Spruce Hill Mortgage Loan Trust, Series 2020-SH1, Class B2</title>
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          <isin value="US85209FAF36"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Spruce Hill Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Spruce Hill Mortgage Loan Trust, Series 2022-SH1, Class A1A</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Spruce Hill Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Spruce Hill Mortgage Loan Trust, Series 2020-SH2, Class B1</title>
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          <isin value="US85214RAC79"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>STDIO Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>STDIO Commercial Mortgage Trust, Series 2025-RLGH, Class A</title>
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          <isin value="US85781AAA16"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Stream Innovations Issuer Trust</name>
        <lei>N/A</lei>
        <title>Stream Innovations Issuer Trust, Series 2025-1A, Class A</title>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Structured Asset Securities Corp. Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Structured Asset Securities Corp. Mortgage Loan Trust, Series 2007-MN1A, Class A1</title>
        <cusip>863613AA3</cusip>
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          <isin value="US863613AA32"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Summit Issuer LLC</name>
        <lei>N/A</lei>
        <title>Summit Issuer LLC, Series 2025-1A, Class A2</title>
        <cusip>86613XAN5</cusip>
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          <isin value="US86613XAN57"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TCI-Symphony CLO Ltd.</name>
        <lei>N/A</lei>
        <title>TCI-Symphony CLO Ltd., Series 2017-1A, Class D</title>
        <cusip>87232BAE2</cusip>
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          <isin value="US87232BAE20"/>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>TCI-Flatiron CLO Ltd.</name>
        <lei>N/A</lei>
        <title>TCI-Flatiron CLO Ltd., Series 2018-1A, Class DR2</title>
        <cusip>87232CAG5</cusip>
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          <isin value="US87232CAG50"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.41889000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MIC Trust (The)</name>
        <lei>N/A</lei>
        <title>MIC Trust (The), Series 2023-MIC, Class A</title>
        <cusip>87256GAA0</cusip>
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          <isin value="US87256GAA04"/>
          <other otherDesc="Inhouse Asset ID" value="87256GAA0"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>383230.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.73151200</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Taco Bell Funding LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>25490034D0KGIZRC3Y05</lei>
        <title>Towd Point Mortgage Trust, Series 2026-FIX2, Class A1A</title>
        <cusip>89183VCG6</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trinitas CLO XX Ltd.</name>
        <lei>5493007IXHTJ7TQMIW41</lei>
        <title>Trinitas CLO XX Ltd., Series 2022-20A, Class D1R</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Trinitas CLO XXIX Ltd.</name>
        <lei>2549000HOL90CNMWDO78</lei>
        <title>Trinitas CLO XXIX Ltd., Series 2024-29A, Class D1</title>
        <cusip>89643BAL5</cusip>
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          <isin value="US89643BAL53"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>1211 Avenue of the Americas Trust</name>
        <lei>N/A</lei>
        <title>1211 Avenue of the Americas Trust, Series 2015-1211, Class A1A2</title>
        <cusip>90117PAC9</cusip>
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          <isin value="US90117PAC95"/>
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        <curCd>USD</curCd>
        <valUSD>357050.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90050000</annualizedRt>
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      <invstOrSec>
        <name>280 Park Avenue Mortgage Trust</name>
        <lei>N/A</lei>
        <title>280 Park Avenue Mortgage Trust, Series 2017-280P, Class E</title>
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          <isin value="US90205FAN06"/>
          <other otherDesc="Inhouse Asset ID" value="90205FAN0"/>
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        <curCd>USD</curCd>
        <valUSD>234037.50000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.07988880</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust, Series 2019-C17, Class XA</title>
        <cusip>90278MBB2</cusip>
        <identifiers>
          <isin value="US90278MBB28"/>
          <other otherDesc="Inhouse Asset ID" value="90278MBB2"/>
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        <balance>2998503.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119295.46000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>1.57727160</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UPG HI Issuer Trust</name>
        <lei>N/A</lei>
        <title>UPG HI Issuer Trust, Series 2025-2, Class A</title>
        <cusip>90321EAA0</cusip>
        <identifiers>
          <isin value="US90321EAA01"/>
          <other otherDesc="Inhouse Asset ID" value="90321EAA0"/>
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        <balance>83141.77000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82530.11000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US Bank NA</name>
        <lei>N/A</lei>
        <title>US Bank NA, Series 2026-RVM1, Class B1</title>
        <cusip>90355PAJ5</cusip>
        <identifiers>
          <isin value="US90355PAJ57"/>
          <other otherDesc="Inhouse Asset ID" value="90355PAJ5"/>
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        <balance>238592.79000000</balance>
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        <curCd>USD</curCd>
        <valUSD>236230.89000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95900000</annualizedRt>
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      <invstOrSec>
        <name>UNIV Trust</name>
        <lei>N/A</lei>
        <title>UNIV Trust, Series 2025-APTS, Class A</title>
        <cusip>91336XAA9</cusip>
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          <isin value="US91336XAA90"/>
          <other otherDesc="Inhouse Asset ID" value="91336XAA9"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.30471160</annualizedRt>
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      <invstOrSec>
        <name>UNIV Trust</name>
        <lei>N/A</lei>
        <title>UNIV Trust, Series 2025-APTS, Class B</title>
        <cusip>91336XAE1</cusip>
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          <isin value="US91336XAE13"/>
          <other otherDesc="Inhouse Asset ID" value="91336XAE1"/>
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        <balance>400000.00000000</balance>
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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>Floating</couponKind>
          <annualizedRt>5.90470920</annualizedRt>
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      <invstOrSec>
        <name>Upgrade Master Pass-Thru Trust</name>
        <lei>N/A</lei>
        <title>Upgrade Master Pass-Thru Trust, Series 2025-ST4, Class A</title>
        <cusip>91533MAA4</cusip>
        <identifiers>
          <isin value="US91533MAA45"/>
          <other otherDesc="Inhouse Asset ID" value="91533MAA4"/>
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        <balance>67447.72000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67560.82000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Upgrade Master Pass-Thru Trust</name>
        <lei>N/A</lei>
        <title>Upgrade Master Pass-Thru Trust, Series 2025-ST6, Class B</title>
        <cusip>91533QAB3</cusip>
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          <isin value="US91533QAB32"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Upgrade Master Pass-Thru Trust</name>
        <lei>N/A</lei>
        <title>Upgrade Master Pass-Thru Trust, Series 2025-ST7, Class A</title>
        <cusip>91533RAA3</cusip>
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          <isin value="US91533RAA32"/>
          <other otherDesc="Inhouse Asset ID" value="91533RAA3"/>
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        <balance>70746.09000000</balance>
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        <valUSD>70746.29000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.54600000</annualizedRt>
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      <invstOrSec>
        <name>Upgrade Master Pass-Thru Trust</name>
        <lei>N/A</lei>
        <title>Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class B</title>
        <cusip>91535BAB4</cusip>
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          <isin value="US91535BAB45"/>
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        <balance>144000.00000000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Upgrade Master Pass-Thru Trust</name>
        <lei>N/A</lei>
        <title>Upgrade Master Pass-Thru Trust, Series 2025-ST8, Class C</title>
        <cusip>91535UAC0</cusip>
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          <isin value="US91535UAC09"/>
          <other otherDesc="Inhouse Asset ID" value="91535UAC0"/>
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        <balance>228000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226542.10000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UPX HIL Issuer Trust</name>
        <lei>N/A</lei>
        <title>UPX HIL Issuer Trust, Series 2025-1, Class A</title>
        <cusip>916925AA8</cusip>
        <identifiers>
          <isin value="US916925AA80"/>
          <other otherDesc="Inhouse Asset ID" value="916925AA8"/>
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        <balance>161455.51000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161012.59000000</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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        <name>VCC 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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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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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>Velocity Commercial Capital Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Velocity Commercial Capital Loan 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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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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>Velocity Commercial Capital Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Velocity Commercial Capital Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>2138008DC17PCNG48R87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <lei>213800TTP1CNX4WER720</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Vista Point Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vista Point Securitization Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Vista Point Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VTR Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>VTR Commercial Mortgage Trust, Series 2025-STEM, Class A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>VTR Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>VTR Commercial Mortgage Trust, Series 2025-STEM, Class D</title>
        <cusip>92890YAG0</cusip>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.70893840</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Voya CLO Ltd., Series 2017-3A, Class CRR</title>
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            <notionalAmt>3700000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>81130.82000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYDP7VY11"/>
        </identifiers>
        <balance>1930000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21150.00000000</valUSD>
        <pctVal>0.003573158290</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CME Group Inc.</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.49070000"/>
            <terminationDt>2027-08-11</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>8264.73000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1930000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>21150.00000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYDYFG2C7"/>
        </identifiers>
        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9065.88000000</valUSD>
        <pctVal>0.001531622897</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CME Group Inc.</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.77570000"/>
            <terminationDt>2034-02-05</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1700000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>9065.88000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wireless PropCo Funding LLC</name>
        <lei>N/A</lei>
        <title>Wireless PropCo Funding LLC, Series 2025-1A, Class B</title>
        <cusip>97655EAE3</cusip>
        <identifiers>
          <isin value="US97655EAE32"/>
          <other otherDesc="Inhouse Asset ID" value="97655EAE3"/>
        </identifiers>
        <balance>448000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>423938.46000000</valUSD>
        <pctVal>0.071621712673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</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>MCM Associates Ltd.</name>
        <lei>N/A</lei>
        <title>MCM Associates Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BRWRKT687"/>
        </identifiers>
        <balance>824735.27180000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>788820.03000000</valUSD>
        <pctVal>0.133266138533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</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>MCM Associates Ltd.</name>
        <lei>N/A</lei>
        <title>MCM Associates Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BRWRKT6A2"/>
        </identifiers>
        <balance>552540.89000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>439054.24000000</valUSD>
        <pctVal>0.074175427786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 5-Year Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="FVM620262"/>
          <other otherDesc="Future Ticker" value="FVM6 Comdty"/>
        </identifiers>
        <balance>831.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-403013.72000000</valUSD>
        <pctVal>-0.06808661063</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>U.S. Treasury 5-Year Note</issueTitle>
                <identifiers>
                  <ticker value="FVM6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-30</expDate>
            <notionalAmt>89598679.27000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-403013.72000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 2-Year Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="TUM620269"/>
          <other otherDesc="Future Ticker" value="TUM6 Comdty"/>
        </identifiers>
        <balance>604.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-212081.47000000</valUSD>
        <pctVal>-0.03582981857</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>U.S. Treasury 2-Year Note</issueTitle>
                <identifiers>
                  <ticker value="TUM6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-30</expDate>
            <notionalAmt>125103500.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-212081.47000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 10-Year Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="TYM620261"/>
          <other otherDesc="Future Ticker" value="TYM6 Comdty"/>
        </identifiers>
        <balance>299.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-94083.38000000</valUSD>
        <pctVal>-0.01589479003</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>U.S. Treasury 10-Year Note</issueTitle>
                <identifiers>
                  <ticker value="TYM6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-18</expDate>
            <notionalAmt>33053515.63000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-94083.38000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Long Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="USM620262"/>
          <other otherDesc="Future Ticker" value="USM6 Comdty"/>
        </identifiers>
        <balance>9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-12107.16000000</valUSD>
        <pctVal>-0.00204542785</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>U.S. Treasury Long Bond</issueTitle>
                <identifiers>
                  <ticker value="USM6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-18</expDate>
            <notionalAmt>1014187.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-12107.16000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 10-Year Ultra Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="UXYM62026"/>
          <other otherDesc="Future Ticker" value="UXYM6 Comdty"/>
        </identifiers>
        <balance>68.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-187084.66000000</valUSD>
        <pctVal>-0.03160676614</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>U.S. Treasury 10-Year Ultra Note</issueTitle>
                <identifiers>
                  <ticker value="UXYM6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-18</expDate>
            <notionalAmt>7670187.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-187084.66000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Ultra Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="WNM620261"/>
          <other otherDesc="Future Ticker" value="WNM6 Comdty"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5584.10000000</valUSD>
        <pctVal>0.000943398260</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>U.S. Treasury Ultra Bond</issueTitle>
                <identifiers>
                  <ticker value="WNM6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-18</expDate>
            <notionalAmt>-114843.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>5584.10000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      
      <explntrNote note="IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate." noteItem="C.11.f.i.2"/>
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock ETF Trust II</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
