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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>WALDORF ENERGY FINANCE PLC</name>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <title>FREDDIE MAC REMICS FHR 3996 QL</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHASE HOME LENDING MORTGAGE TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2174-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BREAN ASSET BACKED SECURITIES TRUST</name>
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          <isin value="US10638QAB77"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SEQUOIA MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>SEQUOIA MORTGAGE TRUST 2026-5 SEMT 2026-5 A1</title>
        <cusip>81750TAA6</cusip>
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          <isin value="US81750TAA60"/>
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        <balance>20000000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CAL FUNDING LIMITED</name>
        <lei>N/A</lei>
        <title>CAL FUNDING IV LTD CAI 2020-1A B</title>
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        <identifiers>
          <isin value="US12807CAC73"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST</name>
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        <title>GS MORTGAGE-BACKED SECURITIES TRUST 2026-PJ6 GSMBS 2026-PJ6 A1</title>
        <cusip>362979AA4</cusip>
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          <isin value="US362979AA41"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MISSION TEX ECONOMIC DEV CORP PWR PUR AGREEMENT REV</name>
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        <title>MISSION TX ECON DEV CORP PWR P MISSION ECONOMIC DEVELOPMENT CORP</title>
        <cusip>605147AA5</cusip>
        <identifiers>
          <isin value="US605147AA57"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>EXTRA SPACE STORAGE LP</name>
        <lei>549300YNKSKNZFR8UC42</lei>
        <title>EXTRA SPACE STORAGE LP 0% CP</title>
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          <isin value="US30227QEK85"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US91282CMK44"/>
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        <curCd>USD</curCd>
        <valUSD>101347656.00000000</valUSD>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>PBF HOLDING COMPANY LLC</name>
        <lei>549300TILVIIV9FLL461</lei>
        <title>PBF HOLDING CO LLC / PBF FINANCE CORP 144A 9.875000% 03/15/2030</title>
        <cusip>69318FAM0</cusip>
        <identifiers>
          <isin value="US69318FAM05"/>
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        <balance>6264000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6730755.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>HOWDEN UK REFINANCE 2 PLC</name>
        <lei>875500O63ODR8S3K5X33</lei>
        <title>HOWDEN UK REFINANCE PLC / HOWDEN UK REFINANCE 2 PL 8.125000% 02/15/2032</title>
        <cusip>44287DAA1</cusip>
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          <isin value="US44287DAA19"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>NORTH TEX TWY AUTH REV</name>
        <lei>N/A</lei>
        <title>N TX TOLLWAY AUTH REVENUE NORTH TEXAS TOLLWAY AUTHORITY</title>
        <cusip>66285WFB7</cusip>
        <identifiers>
          <isin value="US66285WFB72"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BX COMMERCIAL MORTGAGE TRUST 2020-VIV3 BX 2020-VIV3 B</title>
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        <identifiers>
          <isin value="US05608EAA29"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.66200280</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEQUOIA MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>SEQUOIA MORTGAGE TRUST 2025-9 SEMT 2025-9 A2</title>
        <cusip>81750BAB3</cusip>
        <identifiers>
          <isin value="US81750BAB36"/>
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        <balance>7800041.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7628503.09000000</valUSD>
        <pctVal>0.185916821007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>Republic of Ukraine</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association 2</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>KEURIG DR PEPPER INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CHASE HOME LENDING MORTGAGE TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BAC CAPITAL TRUST XIV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SYCAMORE TREE CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Regal Rexnord Corporation</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>VIDEOTRON LTD.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NORTHWEST NATURAL HOLDING COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <title>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2026- ACAR 2026-1 D</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>WALDORF ENERGY FINANCE PLC</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THE FEDERAL HOME LOAN BANKS</name>
        <lei>N/A</lei>
        <title>FEDERAL HOME LOAN BANK 2.150000% 09/23/2036</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>WALDORF ENERGY FINANCE PLC</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CANTOR FITZGERALD, L.P.</name>
        <lei>549300RLUEEVQEMX0450</lei>
        <title>CANTOR FITZGERALD LP 144A 7.200000% 12/12/2028</title>
        <cusip>138616AM9</cusip>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Corporacion Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>CORP NACIONAL DEL COBRE DE CHILE 144A 3.150000% 01/15/2051</title>
        <cusip>21987BBD9</cusip>
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        <invCountry>CL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>J.P. MORGAN MORTGAGE TRUST</name>
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        <title>JP MORGAN MORTGAGE TRUST 2024-7 JPMMT 2024-7 A4</title>
        <cusip>465971AH2</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CBRE SERVICES, INC.</name>
        <lei>549300CTE3HOMEUMM603</lei>
        <title>CBRE SERVICES INC 0% CP</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>F&amp;G ANNUITIES &amp; LIFE, INC.</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US30190AAC80"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>HILLGROVE MINES PTY LTD</name>
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        <cusip>Q46156AA5</cusip>
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        <invCountry>AU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ELMWOOD CLO</name>
        <lei>N/A</lei>
        <title>ELMWOOD CLO V LTD ELMW5 2020-2A D1RR</title>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Paratus Energy Services Ltd.</name>
        <lei>549300XB7T5BX418QX67</lei>
        <title>PARATUS ENERGY SERVICES LTD 9.500000% 06/27/2029</title>
        <cusip>N/A</cusip>
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          <isin value="NO0013256099"/>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ENFIN RESIDENTIAL SOLAR RECEIVABLES TRUST</name>
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        <title>ENFIN RESIDENTIAL SOLAR RECEIVABLES TRUST 2024-1 ENFIN 2024-1A B</title>
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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 GNR 2025-212 AE</title>
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          <isin value="US38384TFF49"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ALEXANDRIA REAL ESTATE EQUITIES, INC.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ALEXANDRIA REAL ESTATE E 0% CP</title>
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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 GNR 2026-39 AJ</title>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FREDDIE MAC POOL FR SD3586</title>
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          <isin value="US3132DQ6X90"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OT MIDCO INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NORTHWEST NATURAL HOLDING COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COMMONBOND STUDENT LOAN TRUST</name>
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        <name>Freddie Mac</name>
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        <name>J.P. MORGAN MORTGAGE TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHASE HOME LENDING MORTGAGE TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LCM LTD.</name>
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        <name>KEURIG DR PEPPER INC.</name>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ROGERS COMMUNICATIONS INC.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>ROGERS COMMUNICATIONS INC COMMERCIAL PAPER (ISITC)</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SEMPRA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TREEHOUSE FOODS, INC.</name>
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        <name>SYCAMORE TREE CLO LTD</name>
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        <title>SYCAMORE TREE CLO 2025-6 LTD STCP 2025-6A C</title>
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        <name>BROOKFIELD INFRASTRUCTURE HOLDINGS (CANADA) INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WALDORF ENERGY FINANCE PLC</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-145 AC</title>
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        <name>Republic of Ukraine</name>
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        <name>NORTHWEST TEX INDPT SCH DIST</name>
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        <name>Altria Group, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <name>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Government National Mortgage Association</name>
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        <name>BRIGHTSTAR RESOURCES LIMITED</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Republic of Ukraine</name>
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        <name>COMM MORTGAGE TRUST</name>
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        <name>Government National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>HEALTHPEAK OP, LLC</name>
        <lei>PZ9HF5U52KPF0MH0QN75</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FIRSTKEY MORTGAGE TRUST</name>
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        <title>FIRSTKEY MORTGAGE TRUST 2015-1 FKMT 2015-1 A3</title>
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        <name>TRICOLOR AUTO SECURITIZATION TRUST</name>
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        <name>BROOKFIELD INFRASTRUCTURE HOLDINGS (CANADA) INC.</name>
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        <name>Government National Mortgage Association</name>
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        <name>DENTSPLY SIRONA INC.</name>
        <lei>9NHEHR1SOZCYXDO8HO28</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THE BOEING COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ELMWOOD CLO</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FIVE MORTGAGE TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>APA CORPORATION</name>
        <lei>549300VCIWLRHYVSHC79</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>WALDORF ENERGY FINANCE PLC</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GENUINE PARTS COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>280 PARK AVENUE MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COLUMBIA PIPELINES HOLDING COMPANY LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>APA CORPORATION</name>
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        <name>THE BOEING COMPANY</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
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        <name>Government National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SEQUOIA MORTGAGE TRUST</name>
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        <name>Telford Finco</name>
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        <name>THE CLOROX COMPANY</name>
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        <name>WF CARD ISSUANCE TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>MISSION TEX ECONOMIC DEV CORP PWR PUR AGREEMENT REV</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Royaume de Belgique</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL FARM CREDIT BANKS FUNDING CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TENNESSEE VALLEY AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SBL HOLDINGS, INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Spire Inc.</name>
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        <name>Rice University</name>
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        <name>SEQUOIA MORTGAGE TRUST</name>
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        <name>WALDORF ENERGY FINANCE PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <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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        <fairValLevel>2</fairValLevel>
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        <name>AVATION GROUP (S) PTE. LTD.</name>
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        <name>MISSION TEX ECONOMIC DEV CORP PWR PUR AGREEMENT REV</name>
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        <name>BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC.</name>
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        <valUSD>5030991.50000000</valUSD>
        <pctVal>0.122611990210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.98000000</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>BLUE OWL TECHNOLOGY FINANCE CORP.</name>
        <lei>254900G5EZJSOD3UKL16</lei>
        <title>BLUE OWL TECHNOLOGY FINANCE CORP 6.125000% 01/23/2031</title>
        <cusip>095924AC0</cusip>
        <identifiers>
          <isin value="US095924AC09"/>
        </identifiers>
        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14442490.50000000</valUSD>
        <pctVal>0.351982805736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The presentation of the A Class returns in Item B.5.a, includes the sales load associated with the share class. " noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Frost Family of Funds</ncom:nameOfApplicant>
      <ncom:signature>Andrew Metzger</ncom:signature>
      <ncom:signerName>Andrew Metzger</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
