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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>EnerSys</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
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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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Uniti Group L.P./ Uniti Group Finance 2019 Inc / CSL Capital LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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                <issueTitle>USD versus JPY</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5266940"/>
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            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>149.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>206963.21000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Brazil Notas do Tesouro Nacional</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazil Notas do Tesouro Nacional, Class NTNF</title>
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          <isin value="BRSTNCNTF204"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association, IO</title>
        <cusip>38385GPN3</cusip>
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          <isin value="US38385GPN33"/>
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        <balance>44477887.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>517820.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.59986000</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>Province of Ontario</name>
        <lei>C7PVKCRGLG18EBQGZV36</lei>
        <title>Province of Ontario</title>
        <cusip>683234SL3</cusip>
        <identifiers>
          <isin value="CA683234SL32"/>
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        <balance>13800000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CAD" exchangeRt="1.35840000"/>
        <valUSD>11496257.96000000</valUSD>
        <pctVal>0.684361237790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital Services LLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5102768"/>
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        <balance>48000000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3010800.48000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>MORGAN STANLEY CAPITAL SERVICES LLC</counterpartyName>
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                  <derivAddlInfo>
                    <name>N/A</name>
                    <lei>N/A</lei>
                    <title>Morgan Stanley Capital Services LLC</title>
                    <cusip>N/A</cusip>
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                      <other otherDesc="CADIS_ID" value="2988374"/>
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                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerConditional desc="N/A" issuerCat="OTHER"/>
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                  <otherRecDesc fixedOrFloating="Other">Other</otherRecDesc>
                  <otherPmntDesc fixedOrFloating="Other">Other</otherPmntDesc>
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                  <upfrontRcpt>0.00000000</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>48000000.00000000</notionalAmt>
                  <curCd>USD</curCd>
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            <shareNo>1.00000000</shareNo>
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            <expDt>2035-09-24</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>102000.48000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHS/Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems, Inc.</title>
        <cusip>12543DBM1</cusip>
        <identifiers>
          <isin value="US12543DBM11"/>
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        <balance>173000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>163442.77000000</valUSD>
        <pctVal>0.009729591731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>
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      <invstOrSec>
        <name>Iris Holding, Inc. (Intertape)</name>
        <lei>54930013SPZ2NB3I3V40</lei>
        <title>Iris Holding, Inc. (Intertape), First Lien Term Loan</title>
        <cusip>46271BAB6</cusip>
        <identifiers>
          <isin value="US46271BAB62"/>
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        <balance>183524.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>173823.44000000</valUSD>
        <pctVal>0.010347543084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.51339000</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>RMAC Securities No. 1 PLC</name>
        <lei>213800C48M2JTBGZT736</lei>
        <title>RMAC Securities No. 1 PLC, Series 2006-NS2X, Class A2</title>
        <cusip>BCC0QYR40</cusip>
        <identifiers>
          <isin value="XS0257367960"/>
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        <balance>775837.94000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73490000"/>
        <valUSD>1041409.90000000</valUSD>
        <pctVal>0.061994135021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.01604000</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>La Banque Postale</name>
        <lei>96950066U5XAAIRCPA78</lei>
        <title>La Banque Postale</title>
        <cusip>ZQ5981241</cusip>
        <identifiers>
          <isin value="FR0013461795"/>
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        <balance>3800000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
        <valUSD>4463030.86000000</valUSD>
        <pctVal>0.265679957275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>EURIBOR ICE SWAP RATE 11:00AM EURIBOR ICE SWAP RATE 11:00AM</name>
              <title>EURIBOR ICE SWAP RATE 11:00AM EURIBOR ICE SWAP RATE 11:00AM</title>
              <curCd>EUR</curCd>
              <identifiers>
                <ticker value="EUAMDB05"/>
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          <currencyInfos>
            <currencyInfo convRatio="1.00000000" curCd="EUR"/>
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          <delta>XXXX</delta>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VoltaGrid LLC</name>
        <lei>254900R5BEUGIKK1FM03</lei>
        <title>VoltaGrid LLC</title>
        <cusip>92874BAA3</cusip>
        <identifiers>
          <isin value="US92874BAA35"/>
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        <balance>661000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>686373.81000000</valUSD>
        <pctVal>0.040859176249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kioxia Holdings Corp.</name>
        <lei>35380080RTKRARNH4R73</lei>
        <title>Kioxia Holdings Corp.</title>
        <cusip>49726JAB4</cusip>
        <identifiers>
          <isin value="US49726JAB44"/>
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        <balance>306000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>320156.07000000</valUSD>
        <pctVal>0.019058584551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</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>Newgate Funding PLC</name>
        <lei>2138006KF4KS6D5P1697</lei>
        <title>Newgate Funding PLC, Series 2006-2, Class CB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS0257994888"/>
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        <balance>1009106.50000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
        <valUSD>1111406.02000000</valUSD>
        <pctVal>0.066160937078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.55200000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Axle &amp; Manufacturing, Inc.</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
        <title>American Axle &amp; Manufacturing, Inc.</title>
        <cusip>02406PBD1</cusip>
        <identifiers>
          <isin value="US02406PBD15"/>
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        <balance>327000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>319463.51000000</valUSD>
        <pctVal>0.019017357116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Eurosail-UK NC PLC</name>
        <lei>213800HEU63KH3XHB844</lei>
        <title>Eurosail-UK NC PLC, Series 2007-1X, Class D1A</title>
        <cusip>BCC0VXRD6</cusip>
        <identifiers>
          <isin value="XS0284935094"/>
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        <balance>2800000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
        <valUSD>2891872.83000000</valUSD>
        <pctVal>0.172150422890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.96200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Deutsche Bank Aktiengesellschaft</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5328462"/>
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        <balance>-73360000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38900000"/>
        <valUSD>-158921.98000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>AUD versus USD</issuerName>
                <issueTitle>AUD versus USD</issueTitle>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>0.75000000</exercisePrice>
            <exercisePriceCurCd>AUD</exercisePriceCurCd>
            <expDt>2026-07-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>45817.07000000</unrealizedAppr>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RLGH Finance Bermuda Ltd.</name>
        <lei>549300JARQYXR76TRX40</lei>
        <title>RLGH Finance Bermuda Ltd.</title>
        <cusip>YN6819620</cusip>
        <identifiers>
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        <name>United Airlines Holdings, Inc.</name>
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        <name>Freddie Mac</name>
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        <name>Navient Corp.</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust 2024-NQM2</name>
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      </invstOrSec>
      <invstOrSec>
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        <lei>N/A</lei>
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          <other otherDesc="Internal SystemID" value="5326357"/>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Call</putOrCall>
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              <otherRefInst>
                <issuerName>EUR versus USD</issuerName>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
        <cusip>3136FCQE9</cusip>
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          <isin value="US3136FCQE97"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>APLD ComputeCo LLC</name>
        <lei>N/A</lei>
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          <isin value="US00202DAA54"/>
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        <curCd>USD</curCd>
        <valUSD>170990.17000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Endo Finance Holdings L.P.</name>
        <lei>N/A</lei>
        <title>Endo Finance Holdings L.P.</title>
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          <isin value="US29281RAA77"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36225A3G3</cusip>
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          <isin value="US36225A3G35"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
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                <issuerName>CHF versus JPY</issuerName>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OBX 2024-NQM12 Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Argentine Republic Government International Bond</name>
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        <cusip>040114HS2</cusip>
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        <curCd>USD</curCd>
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        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HA Sustainable Infrastructure Capital, Inc.</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>HA Sustainable Infrastructure Capital, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Ludgate Funding PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>2549005U12N6A8G3H936</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
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      <invstOrSec>
        <name>Sensata Technologies, Inc.</name>
        <lei>5493002MMDDCUNV7NY90</lei>
        <title>Sensata Technologies, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>IM Pastor 4, FTA</name>
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        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FREMF Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aberdeen Group PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Multifamily Structured Pass-Through Ctfs.</name>
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        <name>Berry Global, Inc.</name>
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        <name>Sociedad Quimica y Minera de Chile S.A.</name>
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        <name>WULF Compute LLC</name>
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        <name>Citigroup Inc.</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>BP Capital Markets PLC</name>
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          <isin value="US05565QDV77"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>Frontier Mortgage Funding 2025-1 PLC</name>
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          <isin value="XS3179829927"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-12-20</maturityDt>
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          <annualizedRt>6.23540000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>ING Groep N.V.</name>
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        <title>ING Groep N.V.</title>
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          <isin value="US456837AR44"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
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            <dbtSecRefInstrument>
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                <ticker value="H15T5Y"/>
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          <currencyInfos>
            <currencyInfo convRatio="1.00000000" curCd="USD"/>
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        <securityLending>
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      <invstOrSec>
        <name>Owens-Brockway Glass Container Inc.</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
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                <issuerName>USD versus KRW</issuerName>
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      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust</name>
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          <isin value="US17307GRB67"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>2.81792500</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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        <securityLending>
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      <invstOrSec>
        <name>SBNA Auto Receivables Trust 2025-SF1</name>
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          <isin value="US78437XAC02"/>
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        <balance>533661.21000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Banco Macro S.A.</name>
        <lei>579100KKDKKIFEBKK040</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Saks Global Enterprises LLC</name>
        <lei>5493007HQSJGRH78Q684</lei>
        <title>Saks Global Enterprises LLC</title>
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          <isin value="US79380MAB19"/>
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        <balance>339720.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3397.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>CMA CGM S.A.</name>
        <lei>969500BZJ49IICIBZZ08</lei>
        <title>CMA CGM S.A.</title>
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          <isin value="XS3193815977"/>
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        <balance>575000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Newday Funding Master Issuer PLC - Series 2025-1</name>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Barclays Bank PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank PLC</title>
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        <balance>9030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9400681.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
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        <balance>-73525000.00000000</balance>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <name>Paramount Global</name>
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        <name>Fannie Mae REMICs</name>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
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        <name>Delphos Securities S.a.r.l. - Compartment Verdant Rock</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Janus Henderson Group PLC</name>
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        <name>OneMain Finance Corp.</name>
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        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>Westlake Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilcorp Energy I, L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Claire's Holdings LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Telecom Italia Capital S.A.</name>
        <lei>549300777DJZOR5C4L39</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Voyager Parent, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
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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>Hera Financing 2024-1 DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OneMain Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Switch ABS Issuer LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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        </derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>Studio City Finance Ltd.</name>
        <lei>254900D6R731QAUIG324</lei>
        <title>Studio City Finance Ltd.</title>
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          <isin value="US86389QAG73"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal FX Forward Identifier" value="26DUKBB3CT5"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Standard Chartered Bank</counterpartyName>
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      <invstOrSec>
        <name>Banco BBVA Argentina S.A.</name>
        <lei>579100KKDBKJFDKKD024</lei>
        <title>Banco BBVA Argentina S.A.</title>
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          <isin value="ARP125991090"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal FX Forward Identifier" value="26ACKBCGV15"/>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26CEKBB3F1M"/>
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        <units>NC</units>
        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Morgan Stanley Capital Services LLC</counterpartyName>
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      <invstOrSec>
        <name>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</name>
        <lei>N/A</lei>
        <title>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</title>
        <cusip>00774MBK0</cusip>
        <identifiers>
          <isin value="US00774MBK09"/>
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        <balance>316000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>327362.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.95000000</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>Univision Communications Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications Inc.</title>
        <cusip>914906BA9</cusip>
        <identifiers>
          <isin value="US914906BA95"/>
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        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134628.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>529900ZTXRUUVE8G8W08</lei>
        <title>Freddie Mac, Series 2023-HQA3, Class M2</title>
        <cusip>35564NAA1</cusip>
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          <isin value="US35564NAA19"/>
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        <balance>6900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7174785.60000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BNPP Securities Corp</title>
        <cusip>N/A</cusip>
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        <assetCat>DCR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                    <name>N/A</name>
                    <lei>N/A</lei>
                    <title>Intercontinental Exchange, Inc.</title>
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                      <other otherDesc="CADIS_ID" value="5102426"/>
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                    <units>NC</units>
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                    <pctVal>N/A</pctVal>
                    <assetCat>DCR</assetCat>
                    <issuerConditional desc="N/A" issuerCat="OTHER"/>
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                      <indexIdentifier>N/A</indexIdentifier>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Deutsche Bank Aktiengesellschaft</title>
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          <other otherDesc="Internal SystemID" value="5330514"/>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
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                <issueTitle>USD versus JPY</issueTitle>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>Mexican Bonos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexican Bonos, Series M</title>
        <cusip>YR0988158</cusip>
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          <isin value="MX0MGO0001I5"/>
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        <balance>1241000000.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="17.46850000"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</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>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26CDKBB18K0"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-14784.66000000</valUSD>
        <pctVal>-0.00088011666</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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        <name>Towd Point Mortgage Funding 2024 - Granite 6 PLC</name>
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        <name>CMS Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-25</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Jane Street Group / JSG Finance Inc.</name>
        <lei>5493002N1IVX6KHGYO08</lei>
        <title>Jane Street Group / JSG Finance Inc.</title>
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          <isin value="US47077WAD02"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vale Overseas Ltd.</name>
        <lei>254900BA3U6G5DNV5V04</lei>
        <title>Vale Overseas Ltd.</title>
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          <isin value="US91911TAT07"/>
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        <balance>2520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2532348.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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            <putOrCall>Call</putOrCall>
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                    <curCd>USD</curCd>
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                  <otherRecDesc fixedOrFloating="Other">Other</otherRecDesc>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
        <cusip>31364JF57</cusip>
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          <isin value="US31364JF573"/>
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        <balance>15225.38000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Seagate Data Storage Technology Pte. Ltd.</name>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <title>Bank of America, National Association</title>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>USD versus MXN</issuerName>
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          <other otherDesc="Internal FX Forward Identifier" value="26CFKBB9B1N"/>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Bank of America, National Association</counterpartyName>
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      <invstOrSec>
        <name>GCAT 2024-INV3 Trust</name>
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        <balance>298520.37000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>305706.32000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Muthoot Finance Ltd.</name>
        <lei>335800HAMJMBFL4RRF02</lei>
        <title>Muthoot Finance Ltd.</title>
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        <balance>3650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3713417.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>3137HL4V1</cusip>
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          <isin value="US3137HL4V12"/>
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        <balance>71611499.52000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2050645.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.38817300</annualizedRt>
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      <invstOrSec>
        <name>Cresud S.A. Comercial Inmobiliaria Financiera y Agropecuaria</name>
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        <title>Cresud S.A. Comercial Inmobiliaria Financiera y Agropecuaria</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>GMR Hyderabad International Airport Ltd.</name>
        <lei>335800NSPGIN89SVOU83</lei>
        <title>GMR Hyderabad International Airport Ltd.</title>
        <cusip>AP5111855</cusip>
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          <isin value="USY3004WAA00"/>
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        <balance>4650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4593269.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Australia Government Bond</name>
        <lei>213800J6B7JSBDETCB42</lei>
        <title>Australia Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="AU0000XCLWV6"/>
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        <balance>10670000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
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        <title>JPMorgan Chase Bank, National Association</title>
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        <balance>-36200000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus ZAR</issuerName>
                <issueTitle>USD versus ZAR</issueTitle>
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            <shareNo>1.00000000</shareNo>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
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          <other otherDesc="Internal FX Forward Identifier" value="26DNKBCCD8D"/>
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        <units>NC</units>
        <curCd>N/A</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>OBX 2024-NQM12 Trust</name>
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        <name>Eurosail PLC</name>
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        <name>RMAC Securities No. 1 PLC</name>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Vista Energy Argentina S.A.U</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>OBX 2024-NQM12 Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave Compute Acquisition Co. VIII, LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Countrywide Home Loans Mortgage Pass-Through Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Argentine Republic Government International Bond</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>Argentine Republic Government International Bond</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>254900U0V0TUGIF39T29</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Viatris Inc.</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>Viatris Inc.</title>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SV RNO Property Owner 1, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Fideicomiso Financiero Invernea Proteina 2</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Fannie Mae Interest STRIPS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust 2024-NQM5</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oak-Eagle AcquireCo, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Keurig Dr Pepper Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Univision Communications Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PacifiCorp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ONEOK, Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK, Inc.</title>
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        <balance>3698000.00000000</balance>
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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>Nexstar Media Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Zurich Finance (Ireland) DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Connecticut Avenue Securities</name>
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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</title>
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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>Advance Auto Parts, Inc.</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>Fedex Freight Holding Co., Inc.</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>Discovery Global Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Egypt Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AECOM</name>
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        <name>Telenet Finance Luxembourg Notes S.a.r.l.</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <cusip>36202DFF3</cusip>
        <identifiers>
          <isin value="US36202DFF33"/>
        </identifiers>
        <balance>5316.96000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5467.37000000</valUSD>
        <pctVal>0.000325467305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>EURO-BTP Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F2Y2EW5"/>
        </identifiers>
        <balance>728.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
        <valUSD>-458070.03000000</valUSD>
        <pctVal>-0.02726847064</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Eurex Deutschland</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Republic of Italy Government International Bond</issuerName>
                <issueTitle>Republic of Italy Government International Bond</issueTitle>
                <identifiers>
                  <cusip value="YW6730231"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-08</expDate>
            <notionalAmt>85537175.36000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-458070.03000000</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>JPMorgan Chase Bank, National Association</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5283012"/>
        </identifiers>
        <balance>3680000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>313900.32000000</valUSD>
        <pctVal>0.018686185738</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus BRL</issuerName>
                <issueTitle>USD versus BRL</issueTitle>
                <identifiers>
                  <other otherDesc="CADIS_ID" value="5283012"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>5.05000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-06-10</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-39379.68000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>UBS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5326952"/>
        </identifiers>
        <balance>36680000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>42988.96000000</valUSD>
        <pctVal>0.002559091660</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>UBS AG</counterpartyName>
              <counterpartyLei>BFM8T61CT2L1QCEMIK50</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus MXN</issuerName>
                <issueTitle>USD versus MXN</issueTitle>
                <identifiers>
                  <other otherDesc="CADIS_ID" value="5326952"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>17.10000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-06-12</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-108499.44000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26CGKBBXMV4"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-212066.41000000</valUSD>
        <pctVal>-0.01262411050</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <amtCurSold>30209176.90000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>35313183.49000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-06-17</settlementDt>
            <unrealizedAppr>-212066.41000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EnerSys</name>
        <lei>7ZS3DE5PN30BYUJFWP05</lei>
        <title>EnerSys</title>
        <cusip>29275YAC6</cusip>
        <identifiers>
          <isin value="US29275YAC66"/>
        </identifiers>
        <balance>308000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304244.19000000</valUSD>
        <pctVal>0.018111365557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</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>RCKT Mortgage Trust</name>
        <lei>2549002LEW4WNQBOMB89</lei>
        <title>RCKT Mortgage Trust, Series 2025-CES6, Class A1A</title>
        <cusip>748949AA2</cusip>
        <identifiers>
          <isin value="US748949AA22"/>
        </identifiers>
        <balance>859192.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>863445.85000000</valUSD>
        <pctVal>0.051400105384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.47200000</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>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>313921R34</cusip>
        <identifiers>
          <isin value="US313921R349"/>
        </identifiers>
        <balance>56673.86000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4892.08000000</valUSD>
        <pctVal>0.000291220842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.14500000</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>Hilcorp Energy I, L.P.</name>
        <lei>549300ITPIHLG0LHEC09</lei>
        <title>Hilcorp Energy I, L.P.</title>
        <cusip>431318BG8</cusip>
        <identifiers>
          <isin value="US431318BG88"/>
        </identifiers>
        <balance>98000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100007.59000000</valUSD>
        <pctVal>0.005953356154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>UBS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5134302"/>
        </identifiers>
        <balance>5420000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78140000"/>
        <valUSD>31083.41000000</valUSD>
        <pctVal>0.001850365659</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>UBS AG</counterpartyName>
              <counterpartyLei>BFM8T61CT2L1QCEMIK50</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CHF versus JPY</issuerName>
                <issueTitle>CHF versus JPY</issueTitle>
                <identifiers>
                  <other otherDesc="CADIS_ID" value="5134302"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>165.00000000</exercisePrice>
            <exercisePriceCurCd>CHF</exercisePriceCurCd>
            <expDt>2026-10-23</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-282388.65000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>31392JDD8</cusip>
        <identifiers>
          <isin value="US31392JDD81"/>
        </identifiers>
        <balance>112150.30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11996.36000000</valUSD>
        <pctVal>0.000714131833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rogers Communications Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>Rogers Communications Inc.</title>
        <cusip>775109DG3</cusip>
        <identifiers>
          <isin value="US775109DG30"/>
        </identifiers>
        <balance>2190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2236559.40000000</valUSD>
        <pctVal>0.133140241346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2212574.08000000"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LCH CLEARNET (US) LLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5303121"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-142752.72000000</valUSD>
        <pctVal>-0.00849793284</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>LCH CLEARNET (US) LLC</counterpartyName>
              <counterpartyLei>WAM6YERMS7OXFZUOY219</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="UNITED STATES SOFR SECURED OVERNIGHT FINANCING RATE UNITED STATES SOFR SECURED OVE" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.75420000"/>
            <terminationDt>2031-04-30</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>80960000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-142752.72000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36208WEG4</cusip>
        <identifiers>
          <isin value="US36208WEG42"/>
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        <balance>80.69000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81.40000000</valUSD>
        <pctVal>0.000004845664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26CQKBB7MTP"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-6581508.94000000</valUSD>
        <pctVal>-0.39179093061</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Goldman Sachs Bank USA</counterpartyName>
              <counterpartyLei>KD3XUN7C6T14HNAYLU02</counterpartyLei>
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            <amtCurSold>501584000.00000000</amtCurSold>
            <curSold>BRL</curSold>
            <amtCurPur>94711758.15000000</amtCurPur>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>Flash Compute LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ONEOK, Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>2962478.32000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLT 2024-INV1 Mortgage Loan Trust</name>
        <lei>213800D3JCL6LSBI3544</lei>
        <title>COLT 2024-INV1 Mortgage Loan Trust, Series 2024-INV1, Class A3</title>
        <cusip>12672RAC6</cusip>
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          <isin value="US12672RAC60"/>
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        <balance>695724.58000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>700807.82000000</valUSD>
        <pctVal>0.041718419055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2068-12-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Prairie ECI Acquiror L.P.</name>
        <lei>254900Q6KU2LVSIISH22</lei>
        <title>Prairie ECI Acquiror L.P., Term Loan B</title>
        <cusip>73955HAG9</cusip>
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          <isin value="US73955HAG92"/>
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        <balance>324875.66000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326906.13000000</valUSD>
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        <assetCat>LON</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Clarios Global L.P./ Clarios US Finance Co.</name>
        <lei>549300474L1ZLXZY2P98</lei>
        <title>Clarios Global L.P./ Clarios US Finance Co.</title>
        <cusip>18060TAD7</cusip>
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          <isin value="US18060TAD72"/>
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        <balance>487000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>503368.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs</title>
        <cusip>31392KGA8</cusip>
        <identifiers>
          <isin value="US31392KGA88"/>
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        <balance>22481.10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22701.63000000</valUSD>
        <pctVal>0.001351406315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.75428000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>CPI Property Group S.A.</name>
        <lei>222100CO2ZOTEPGJO223</lei>
        <title>CPI Property Group S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2231191748"/>
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        <balance>4100000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Murray Energy Corp.</name>
        <lei>549300WM5IIFYHZYTT63</lei>
        <title>Murray Energy Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>1116.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>148242.19000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WaMu Mortgage Pass-Through Ctfs. Trust</name>
        <lei>N/A</lei>
        <title>WaMu Mortgage Pass-Through Ctfs. Trust, Series 2003-AR10, Class A7</title>
        <cusip>92922FEB0</cusip>
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          <isin value="US92922FEB04"/>
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        <balance>17895.73000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17364.03000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.66022600</annualizedRt>
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      <invstOrSec>
        <name>RMAC Securities No. 1 PLC</name>
        <lei>213800C48M2JTBGZT736</lei>
        <title>RMAC Securities No. 1 PLC, Series 2007-NS1X, Class A2</title>
        <cusip>BCC0YPXG6</cusip>
        <identifiers>
          <isin value="XS0307493162"/>
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        <balance>809968.19000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73490000"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.01604000</annualizedRt>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust</name>
        <lei>N/A</lei>
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        <cusip>10569HAA2</cusip>
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        <balance>1849586.14000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>7.13000000</annualizedRt>
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      <invstOrSec>
        <name>Newgate Funding PLC</name>
        <lei>2138006KF4KS6D5P1697</lei>
        <title>Newgate Funding PLC, Series 2007-3X, Class CB</title>
        <cusip>BCC11HRV2</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>CME Group Inc.</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rate Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Rate Mortgage Trust, Series 2024-J3, Class A2</title>
        <cusip>75409UAB8</cusip>
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          <isin value="US75409UAB89"/>
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        <balance>599711.34000000</balance>
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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>2054-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Funding 2024 - Granite 6 PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pavillion Consumer 2025-1 PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SC Germany S.A. Compartment Consumer Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Caturus Energy, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NESCO Holdings II, Inc.</name>
        <lei>254900FAHT0HW9T6L409</lei>
        <title>NESCO Holdings II, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Argentina Treasury Bond BONTE</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>Argentina Treasury Bond BONTE</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Repsol E&amp;P Capital Markets US LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Asurion LLC/ Asurion Co-Issuer Inc.</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion LLC/ Asurion Co-Issuer Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco de Credito e Inversiones S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Weir Group Inc.</name>
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        <title>Weir Group Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Solventum Corp.</name>
        <lei>254900I70403OSGY4M28</lei>
        <title>Solventum Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Fideicomiso Dorrego y Libertador</name>
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          <isin value="AREQUI490WP8"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue Securities</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pavillion Consumer 2025-1 PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Osaic Holdings, Inc.</name>
        <lei>549300XL60BDV6UW5C86</lei>
        <title>Osaic Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CCO Holdings, LLC/CCO Holdings Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Celanese US Holdings LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>Celanese US Holdings LLC</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.20000000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust, Series 2017-C4, Class XA</title>
        <cusip>17326FAF4</cusip>
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          <isin value="US17326FAF45"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-12</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Roller Bearing Co. of America, Inc.</name>
        <lei>254900U9XW6S76H2P167</lei>
        <title>Roller Bearing Co. of America, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CEMEX S.A.B. de C.V.</name>
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        <title>CEMEX S.A.B. de C.V.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lloyds Banking Group PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group PLC</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Cheniere Energy, Inc.</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>Cheniere Energy, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain Inc.</title>
        <cusip>46284VAN1</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Auburn 15 PLC</name>
        <lei>635400AVCSC2I7SWKL40</lei>
        <title>Auburn 15 PLC, Series F</title>
        <cusip>BCC3FPT01</cusip>
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        <balance>1666000.00000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Cipher Compute LLC</name>
        <lei>N/A</lei>
        <title>Cipher Compute LLC</title>
        <cusip>17253NAA5</cusip>
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          <isin value="US17253NAA54"/>
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        <balance>323000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>335196.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ivory Coast Government International Bond</name>
        <lei>254900ICW11T82O6H590</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Infinity Natural Resources, LLC</name>
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        <curCd>USD</curCd>
        <valUSD>340842.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Comstock Resources, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <other otherDesc="Internal SystemID" value="5328663"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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      <invstOrSec>
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        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal FX Forward Identifier" value="26CEKBB08PJ"/>
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        <curCd>N/A</curCd>
        <valUSD>-6569.04000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
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        <balance>-1295815000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Melco Resorts Finance Ltd.</name>
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        <title>Melco Resorts Finance Ltd.</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
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      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Versant Media Group, Inc.</name>
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        <name>A&amp;K Travel Group Holdings Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
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        <curCd>USD</curCd>
        <valUSD>7301.12000000</valUSD>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Harvest Funding PLC</name>
        <lei>635400GYAAYKXXRBNI54</lei>
        <title>Harvest Funding PLC</title>
        <cusip>BCC3TQWV2</cusip>
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        <balance>2190000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73490000"/>
        <valUSD>2970195.38000000</valUSD>
        <pctVal>0.176812889360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Organon &amp; Co. / Organon Foreign Debt Co-Issuer B.V.</name>
        <lei>549300AMCKY57OK2CO56</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>MASTR Asset Backed Securities Trust</name>
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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>J.P. Morgan Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Brundage-Bone Concrete Pumping Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Bristow Group Inc.</name>
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        <name>Fannie Mae Grantor Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>EnPro Inc.</name>
        <lei>549300Y5CFT2LKCFDN54</lei>
        <title>EnPro Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State Street Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Gray Media, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FirstCash, Inc.</name>
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        <name>Constellation Software Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>N/A</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>Fannie Mae REMICs</name>
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        <name>Freddie Mac REMICs</name>
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        <name>Fedex Freight Holding Co., Inc.</name>
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        <name>Freddie Mac REMICs</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>Charles Schwab Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dell International LLC / EMC Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>BRAVO Residential Funding Trust</name>
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        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Bath &amp; Body Works, Inc.</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Prosil Acquisition S.A.</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>Freedom Mortgage Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Prosus N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Repsol E&amp;P Capital Markets US LLC</name>
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        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CVR Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Iron Mountain Inc.</name>
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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>Aeropuertos Dominicanos Siglo XXI, S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>TMF Trust Co. (Argentina) S.A.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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                <indexName>MARKIT ITRX EUR SNR FIN</indexName>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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      <invstOrSec>
        <name>Excelerate Energy L.P.</name>
        <lei>LGL4IE90TNTFYJ55BK06</lei>
        <title>Excelerate Energy L.P.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Provident Funding Associates L.P./ PFG Finance Corp.</name>
        <lei>N/A</lei>
        <title>Provident Funding Associates L.P./ PFG Finance Corp.</title>
        <cusip>74387UAK7</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eurosail PLC</name>
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        <name>Hannover Rueck SE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Penske Truck Leasing Co. L.P./ PTL Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Paramount Global</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Residential Accredit Loans, Inc. Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GGAM Finance Ltd.</name>
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        <title>GGAM Finance Ltd.</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Freddie Mac REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Beignet Investor LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Federal Home Loan Mortgage Corp.</title>
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        <name>Getty Images, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hiscox Ltd.</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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        <name>GFL Environmental Holdings (US), Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE S.A.</name>
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          <isin value="FR001400FB22"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
        <cusip>31385XQT7</cusip>
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          <isin value="US31385XQT71"/>
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        <balance>4490.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4610.93000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>YR2832081</cusip>
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          <isin value="USH42097FA09"/>
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        <balance>3750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3836343.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Banco del Estado de Chile</name>
        <lei>5493004R4EJC0W0XVQ72</lei>
        <title>Banco del Estado de Chile</title>
        <cusip>05957AAC3</cusip>
        <identifiers>
          <isin value="US05957AAC36"/>
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        <balance>1003000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1064433.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.95000000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>31395VZ51</cusip>
        <identifiers>
          <isin value="US31395VZ513"/>
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        <balance>115927.66000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4868.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.39572000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>Level 3 Financing, Inc.</title>
        <cusip>527298CQ4</cusip>
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          <isin value="US527298CQ43"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>327038.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal FX Forward Identifier" value="26DBKBB0PF3"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>UBS AG</counterpartyName>
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        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>3137HMMH0</cusip>
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          <isin value="US3137HMMH02"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Northriver Midstream Finance L.P.</name>
        <lei>549300SOLNLY3BL6GF18</lei>
        <title>Northriver Midstream Finance L.P.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nationstar Mortgage Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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      <invstOrSec>
        <name>N/A</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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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global LNG, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Entergy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>General Motors Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sociedad Quimica y Minera de Chile S.A.</name>
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        <name>Harvest Funding PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DaVita Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>Federal National Mortgage Association</name>
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        <name>Auburn 15 PLC</name>
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        <name>Fannie Mae REMICs</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Frontier Mortgage Funding 2025-1 PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</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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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Jane Street Group / JSG Finance Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>N/A</name>
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        <name>Reinsurance Group of America, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freeport-McMoRan Inc.</name>
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        <name>MGM China Holdings Ltd.</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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        <name>Cleveland-Cliffs Inc.</name>
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        <name>American Airlines 2026-1 Class B Pass Through Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Global Aircraft Leasing Co., Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal FX Forward Identifier" value="26CPKBBZ5LX"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <isin value="US31393JC553"/>
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        <balance>2914.07000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US31392EQ291"/>
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        <balance>7484.17000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lancashire Holdings Ltd.</name>
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        <title>Lancashire Holdings Ltd.</title>
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        <balance>3700000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal FX Forward Identifier" value="26DUKBB42TM"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Venture Global Plaquemines LNG, LLC</name>
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        <title>Venture Global Plaquemines LNG, LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>UBS AG</title>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
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        <name>N/A</name>
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          <other otherDesc="Internal FX Forward Identifier" value="26DEKBB23TD"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Harvest Funding PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Paramount Global</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Enterprise Stone &amp; Lime Co, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OBX Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Directv Financing LLC / Directv Financing Co-Obligor Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Genesis Energy L.P./ Genesis Energy Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dominican Republic International Bond</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic International Bond</title>
        <cusip>ZP6620006</cusip>
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          <isin value="USP3579ECF27"/>
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        <balance>720000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>RCKT Mortgage Trust</name>
        <lei>2549008EA2IHW9G2TZ48</lei>
        <title>RCKT Mortgage Trust, Series 2025-CES5, Class A1A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>706451BG5</cusip>
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        <balance>158000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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      <invstOrSec>
        <name>Forvia SE</name>
        <lei>969500F0VMZLK2IULV85</lei>
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        <curCd>USD</curCd>
        <valUSD>345152.43000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>India Government Bond</name>
        <lei>335800IV7VCDQGIOI391</lei>
        <title>India Government Bond</title>
        <cusip>YW7593752</cusip>
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          <isin value="IN0020240118"/>
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        <currencyConditional curCd="INR" exchangeRt="94.91380000"/>
        <valUSD>6719871.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.09000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>Freddie Mac STRIPS</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac STRIPS, IO</title>
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          <isin value="US31282YCV92"/>
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        <curCd>USD</curCd>
        <valUSD>1510.02000000</valUSD>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eurosail PLC</name>
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          <isin value="XS0266252625"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Sunoco L.P.</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vistra Corp.</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>Vistra Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wynn Macau, Ltd.</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
        <title>Wynn Macau, Ltd.</title>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vantage Data Centers Issuer, LLC</name>
        <lei>N/A</lei>
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        <balance>2520000.00000000</balance>
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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>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs</title>
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        <identifiers>
          <isin value="US31359UZG39"/>
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        <balance>18079.16000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18276.55000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue Securities</name>
        <lei>N/A</lei>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>667532.64000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp. /Six Flags Theme Parks Inc./ Canada's Wonderland Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Deutsche Bank Aktiengesellschaft</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs</title>
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        <curCd>USD</curCd>
        <valUSD>13336.86000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Carvana Co.</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>Carvana Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>International Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MGM China Holdings Ltd.</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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              <counterpartyName>Bank of America, National Association</counterpartyName>
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      <invstOrSec>
        <name>M&amp;G PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Meridian Arc Holdco LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>MPT Operating Partnership L.P./ MPT Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <title>Goldman Sachs International</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TransCanada Trust</name>
        <lei>549300Y0MFCAXLBWUV51</lei>
        <title>TransCanada Trust, Series 16-A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMBB Commercial Mortgage Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Global Partners L.P./ GLP Finance Corp.</name>
        <lei>549300PCHWTW9P4DU444</lei>
        <title>Global Partners L.P./ GLP Finance Corp.</title>
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        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
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        <balance>10842000.00000000</balance>
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        <valUSD>10691487.02000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Beazley Insurance DAC</name>
        <lei>549300WWULDAFCPEU084</lei>
        <title>Beazley Insurance DAC</title>
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          <isin value="XS2010045438"/>
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        <balance>2880000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-10</maturityDt>
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      <invstOrSec>
        <name>Southern Co. (The)</name>
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        <title>Southern Co. (The), Series 21-A</title>
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          <isin value="US842587DJ36"/>
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        <balance>5367000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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            <putOrCall>Put</putOrCall>
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            <shareNo>1.00000000</shareNo>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal SystemID" value="5306922"/>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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                <issuerName>USD versus ZAR</issuerName>
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        <name>N/A</name>
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          <other otherDesc="Internal FX Forward Identifier" value="26DRKBB784P"/>
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        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hera Financing 2024-1 DAC</name>
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        <cusip>BCC3H4L95</cusip>
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        <currencyConditional curCd="GBP" exchangeRt="0.73490000"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OBX Trust</name>
        <lei>2549004JS8G77DOXE933</lei>
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          <isin value="US67121YAA64"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Energy Transfer L.P.</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer L.P.</title>
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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>Mcdermott International, Ltd.</name>
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        <balance>749.69600000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>USD versus BRL</issuerName>
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        <name>Hilton Grand Vacations Trust</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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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Bank of America, National Association</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>USD versus INR</issuerName>
                <issueTitle>USD versus INR</issueTitle>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-530948.62000000</unrealizedAppr>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>31392EG61</cusip>
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          <isin value="US31392EG615"/>
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        <balance>358.32000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1.24000000</valUSD>
        <pctVal>0.000000073816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
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        <balance>1721703.93000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1722810.99000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.31000000</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>Sunoco L.P.</name>
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        <title>Sunoco L.P.</title>
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          <isin value="US86765KAE91"/>
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        <balance>160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>165783.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.87500000</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>Ecopetrol S.A.</name>
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        <title>Ecopetrol S.A.</title>
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          <isin value="US279158AT64"/>
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        <balance>4600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4882729.80000000</valUSD>
        <pctVal>0.290664233644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</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>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="5255319"/>
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        <balance>5520000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>60642.72000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus JPY</issuerName>
                <issueTitle>USD versus JPY</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5255319"/>
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            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-302021.28000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of South Africa Government Bond</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa Government Bond, Series 2040</title>
        <cusip>EK7733067</cusip>
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          <isin value="ZAG000125980"/>
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        <balance>315000000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>3137HC5W8</cusip>
        <identifiers>
          <isin value="US3137HC5W84"/>
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        <balance>21503302.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1126241.90000000</valUSD>
        <pctVal>0.067044102821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.35484000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Iliad Holding</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>Iliad Holding</title>
        <cusip>449691AG9</cusip>
        <identifiers>
          <isin value="US449691AG96"/>
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        <balance>82000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>83353.33000000</valUSD>
        <pctVal>0.004961943990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Repsol E&amp;P Capital Markets US LLC</name>
        <lei>894500D0J12FRZ3Q0M15</lei>
        <title>Repsol E&amp;P Capital Markets US LLC</title>
        <cusip>76026AAC1</cusip>
        <identifiers>
          <isin value="US76026AAC18"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>918708.26000000</valUSD>
        <pctVal>0.054689823781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.97600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BNP Paribas</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="5330528"/>
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        <balance>73350000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5075846.41000000</valUSD>
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        <assetCat>DIR</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>BNP PARIBAS SECURITIES CORP.</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                    <lei>N/A</lei>
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                    <cusip>N/A</cusip>
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                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DIR</assetCat>
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                  <upfrontRcpt>0.00000000</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>185846.41000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4967495"/>
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        <balance>23230000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Bank of America, National Association</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EUR versus USD</issuerName>
                <issueTitle>EUR versus USD</issueTitle>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-1444292.96000000</unrealizedAppr>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Intercontinental Exchange, Inc.</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="4043885"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
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        <pctVal>0.006562435895</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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                <issuerName>UBS 1.5% 30 NOV 2024</issuerName>
                <issueTitle>N/A</issueTitle>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>SBNA Auto Receivables Trust 2025-SF1</name>
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        <cusip>78437XAD8</cusip>
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          <isin value="US78437XAD84"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>702301.60000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <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>Oak-Eagle AcquireCo, Inc.</name>
        <lei>6488ICS9P20290MA1H31</lei>
        <title>Oak-Eagle AcquireCo, Inc.</title>
        <cusip>67124CAB9</cusip>
        <identifiers>
          <isin value="US67124CAB90"/>
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        <balance>330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>343608.18000000</valUSD>
        <pctVal>0.020454666222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>South Bow Canadian infrastructure Holdings Ltd.</name>
        <lei>2549004FYUSYLPBT1G26</lei>
        <title>South Bow Canadian infrastructure Holdings Ltd.</title>
        <cusip>836720AG7</cusip>
        <identifiers>
          <isin value="US836720AG73"/>
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        <balance>3819000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3988006.03000000</valUSD>
        <pctVal>0.237402183606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5298144"/>
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        <balance>-122670000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-760111.16000000</valUSD>
        <pctVal>-0.04524869014</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>Bank of America, National Association</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Bank of America, National Association</counterpartyName>
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                  <derivAddlInfo>
                    <name>N/A</name>
                    <lei>N/A</lei>
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                    <cusip>N/A</cusip>
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                    <balance>1.00000000</balance>
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                    <curCd>USD</curCd>
                    <valUSD>N/A</valUSD>
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                    <issuerConditional desc="N/A" issuerCat="OTHER"/>
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                  <otherRecDesc fixedOrFloating="Other">Other</otherRecDesc>
                  <otherPmntDesc fixedOrFloating="Other">Other</otherPmntDesc>
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            <shareNo>1.00000000</shareNo>
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            <expDt>2026-12-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>558591.34000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp.</title>
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          <isin value="US15135BAX91"/>
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        <balance>385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>335727.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal SystemID" value="5326949"/>
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        <balance>3670000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus MXN</issuerName>
                <issueTitle>USD versus MXN</issueTitle>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-249585.69000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="5235782"/>
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        <balance>259220000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>10230456.88000000</valUSD>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>Morgan Stanley Capital Services LLC</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Morgan Stanley Capital Services LLC</counterpartyName>
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                  <derivAddlInfo>
                    <name>N/A</name>
                    <lei>N/A</lei>
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                    <cusip>N/A</cusip>
                    <identifiers>
                      <other otherDesc="CADIS_ID" value="2988374"/>
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                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerConditional desc="N/A" issuerCat="OTHER"/>
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                  <otherRecDesc fixedOrFloating="Other">Other</otherRecDesc>
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                  <upfrontRcpt>0.00000000</upfrontRcpt>
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            <shareNo>1.00000000</shareNo>
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            <expDt>2026-11-04</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-1556716.70000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891ADV6</cusip>
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          <isin value="US44891ADV61"/>
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        <balance>7133000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7172046.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-23</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs</title>
        <cusip>31392FJ73</cusip>
        <identifiers>
          <isin value="US31392FJ731"/>
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        <balance>5294.97000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5350.37000000</valUSD>
        <pctVal>0.000318502407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.75964000</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>OBX Trust</name>
        <lei>N/A</lei>
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          <isin value="US67117DAC48"/>
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        <balance>600354.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>600102.04000000</valUSD>
        <pctVal>0.035723500318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.70000000</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>N/A</name>
        <lei>N/A</lei>
        <title>JPMorgan Chase Bank, National Association</title>
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        <identifiers>
          <other otherDesc="Internal SystemID" value="5324446"/>
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        <balance>-1830000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-371934.69000000</valUSD>
        <pctVal>-0.02214091626</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus BRL</issuerName>
                <issueTitle>USD versus BRL</issueTitle>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>100205.31000000</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>Santander Consumo 8 Fondo de Titulizacion</name>
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        <title>Santander Consumo 8 Fondo de Titulizacion, Series 8E</title>
        <cusip>BCC3M1R32</cusip>
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        <balance>4500000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.70400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Invesco Government &amp; Agency Portfolio</name>
        <lei>5493007T1J7WZ5QI1A47</lei>
        <title>Invesco Government &amp; Agency Portfolio, Institutional Class</title>
        <cusip>825252885</cusip>
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          <isin value="US8252528851"/>
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        <balance>17200547.19000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17200547.19000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>46.76000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>Bank of America, National Association</counterpartyName>
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            <amtCurPur>10124.87000000</amtCurPur>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Energy Transfer L.P.</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer L.P.</title>
        <cusip>29273VAX8</cusip>
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        <balance>2105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2232429.69000000</valUSD>
        <pctVal>0.132894403661</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Credit Suisse Group AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>Credit Suisse Group AG</title>
        <cusip>225436AA2</cusip>
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        <balance>7385000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
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              <title>United States Dollar</title>
              <curCd>USD</curCd>
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                <ticker value="USSW5"/>
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          <currencyInfos>
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          <delta>XXXX</delta>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>34860000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>34.86000000</valUSD>
        <pctVal>0.000002075182</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Goldman Sachs International</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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                <issuerName>USD versus JPY</issuerName>
                <issueTitle>USD versus JPY</issueTitle>
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                  <other otherDesc="CADIS_ID" value="4962643"/>
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            </descRefInstrmnt>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ESAB Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>EZCORP, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Genesis Energy L.P./ Genesis Energy Finance Corp.</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust 2024-NQM1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
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        <name>Fibercop S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Akbank Turk A.S.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Electricite de France</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunoco L.P.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vistra Corp.</name>
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          <isin value="US92840MAD48"/>
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        <balance>159000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>171987.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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          <isin value="US3136A1QW80"/>
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        <balance>71424.02000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4974.93000000</valUSD>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.79036000</annualizedRt>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
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          <isin value="US71654QDE98"/>
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        <balance>189000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>185022.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-28</maturityDt>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
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          <isin value="US31397PM493"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>3.24572000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
        <cusip>3136FAYU8</cusip>
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          <isin value="US3136FAYU81"/>
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        <balance>203283.52000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Obx 2024-Nqm18 Trust</name>
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        <balance>1694828.93000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Newell Brands Inc.</name>
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        <title>Newell Brands Inc.</title>
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          <isin value="US651229BF23"/>
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        <balance>188000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
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      <invstOrSec>
        <name>KeHE Distributors LLC / KeHE Finance Corp. / NextWave Distribution Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26CEKBB3G1X"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
        <valUSD>-775866.94000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Bank of America, National Association</counterpartyName>
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            <amtCurSold>32073949.65000000</amtCurSold>
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            <amtCurPur>42865390.38000000</amtCurPur>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JPMorgan Chase Bank, National Association</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5214542"/>
        </identifiers>
        <balance>-54770000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
        <valUSD>-80093.87000000</valUSD>
        <pctVal>-0.00476791145</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EUR versus MXN</issuerName>
                <issueTitle>EUR versus MXN</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5214542"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>532646.83000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs</title>
        <cusip>31339GRA1</cusip>
        <identifiers>
          <isin value="US31339GRA12"/>
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        <balance>2479.18000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2570.90000000</valUSD>
        <pctVal>0.000153043217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
        <cusip>3136FCQG4</cusip>
        <identifiers>
          <isin value="US3136FCQG46"/>
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        <balance>22301.96000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3035.65000000</valUSD>
        <pctVal>0.000180709340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-25</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>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26CPKBCGF94"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>361207.93000000</valUSD>
        <pctVal>0.021502362502</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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            <amtCurSold>46807166.70000000</amtCurSold>
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            <amtCurPur>40110000.00000000</amtCurPur>
            <curPur>EUR</curPur>
            <settlementDt>2026-06-17</settlementDt>
            <unrealizedAppr>361207.93000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>3137HMLK4</cusip>
        <identifiers>
          <isin value="US3137HMLK40"/>
        </identifiers>
        <balance>37234651.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1299861.70000000</valUSD>
        <pctVal>0.077379523412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.45484000</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>Ludgate Funding PLC</name>
        <lei>213800LADM2GPWI3P269</lei>
        <title>Ludgate Funding PLC, Series 2006-1X, Class A2A</title>
        <cusip>BCC0U5WJ9</cusip>
        <identifiers>
          <isin value="XS0274267862"/>
        </identifiers>
        <balance>4344169.77000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73490000"/>
        <valUSD>5825997.78000000</valUSD>
        <pctVal>0.346816074061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.05582000</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>Hera Financing 2024-1 DAC</name>
        <lei>635400VJTRWYKL9GM761</lei>
        <title>Hera Financing 2024-1 DAC, Series 2024-1A, Class C</title>
        <cusip>BCC3H4LB0</cusip>
        <identifiers>
          <isin value="XS2891740792"/>
        </identifiers>
        <balance>1774386.03000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73490000"/>
        <valUSD>2425355.69000000</valUSD>
        <pctVal>0.144379103867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.49580000</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>Genesis Energy L.P./ Genesis Energy Finance Corp.</name>
        <lei>N/A</lei>
        <title>Genesis Energy L.P./ Genesis Energy Finance Corp.</title>
        <cusip>37185LAS1</cusip>
        <identifiers>
          <isin value="US37185LAS16"/>
        </identifiers>
        <balance>209000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>210595.51000000</valUSD>
        <pctVal>0.012536549231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eurosail-UK NC PLC</name>
        <lei>213800HEU63KH3XHB844</lei>
        <title>Eurosail-UK NC PLC, Series 2007-1X, Class D1C</title>
        <cusip>BCC0VXRF1</cusip>
        <identifiers>
          <isin value="XS0284950994"/>
        </identifiers>
        <balance>1750000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73490000"/>
        <valUSD>2125030.45000000</valUSD>
        <pctVal>0.126501029653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.75642000</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>CHS/Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems, Inc.</title>
        <cusip>12543DBK5</cusip>
        <identifiers>
          <isin value="US12543DBK54"/>
        </identifiers>
        <balance>181000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>169469.45000000</valUSD>
        <pctVal>0.010088354225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5291788"/>
        </identifiers>
        <balance>-36800000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-163870.40000000</valUSD>
        <pctVal>-0.00975504813</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Bank of America, National Association</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus ZAR</issuerName>
                <issueTitle>USD versus ZAR</issueTitle>
                <identifiers>
                  <other otherDesc="CADIS_ID" value="5291788"/>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>17.75000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-06-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>335505.60000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BZ9</cusip>
        <identifiers>
          <isin value="US893647BZ96"/>
        </identifiers>
        <balance>335000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>342785.74000000</valUSD>
        <pctVal>0.020405707156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-31</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>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26CDKBB451K"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-945331.00000000</valUSD>
        <pctVal>-0.05627465002</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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            <amtCurSold>75769214000.00000000</amtCurSold>
            <curSold>COP</curSold>
            <amtCurPur>19677248.74000000</amtCurPur>
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            <settlementDt>2026-06-17</settlementDt>
            <unrealizedAppr>-945331.00000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JPMorgan Chase Bank, National Association</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5326951"/>
        </identifiers>
        <balance>-36680000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-18853.52000000</valUSD>
        <pctVal>-0.00112233200</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus ZAR</issuerName>
                <issueTitle>USD versus ZAR</issueTitle>
                <identifiers>
                  <other otherDesc="CADIS_ID" value="5326951"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>16.80000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-06-12</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>158677.68000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Navient Corp.</name>
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        <name>Electricite de France</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
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        <name>FMC Corp.</name>
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        <name>Angel Oak Mortgage Trust</name>
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      <invstOrSec>
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          <other otherDesc="Internal FX Forward Identifier" value="26CUKBB5254"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>UBS AG</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>1261229 B.C. Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Electricite de France</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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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>USD versus ZAR</issuerName>
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        <name>TrueNoord Capital DAC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>254900RIVK2GCJ08H839</lei>
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        <curCd>USD</curCd>
        <valUSD>4156884.65000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal FX Forward Identifier" value="26DAKBB872C"/>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Danaos Corp.</name>
        <lei>734IM3DNDNT36T7YTD24</lei>
        <title>Danaos Corp.</title>
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          <isin value="US23585WAC82"/>
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        <balance>327000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>336116.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc.</title>
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          <isin value="US172967QJ33"/>
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        <balance>341000.00000000</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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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bausch and Lomb, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <title>JPMorgan Chase Bank, National Association</title>
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        <fairValLevel>2</fairValLevel>
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                <indexName>MARKIT ITRX EUR SNR FIN</indexName>
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      <invstOrSec>
        <name>Freddie Mac STRIPS</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac STRIPS, IO</title>
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        <curCd>USD</curCd>
        <valUSD>2273.06000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>25490076N7JFR2Y3CU63</lei>
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        <cusip>36272UAC2</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue Securities</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Great Hall Mortgages No.1 PLC</name>
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        <cusip>BCC0YMFK4</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ESAB Corp.</name>
        <lei>549300ZNV0SWBXEIWT04</lei>
        <title>ESAB Corp.</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <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>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2017-C42, Class XA</title>
        <cusip>95001GAG8</cusip>
        <identifiers>
          <isin value="US95001GAG82"/>
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        <balance>5217035.71000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57561.64000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.95969600</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>31392F6J1</cusip>
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          <isin value="US31392F6J15"/>
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        <balance>10698.00000000</balance>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>Transocean International Ltd.</title>
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          <isin value="US893814AA10"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Funding 2024 - Granite 7 PLC</name>
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        <cusip>BCC3JPGS0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>SGUS LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <title>CME Group Inc.</title>
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        <name>Hilcorp Energy I, L.P.</name>
        <lei>549300ITPIHLG0LHEC09</lei>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Ecopetrol S.A.</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol S.A.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mortgage Funding 2008-1 PLC</name>
        <lei>213800AHT9AB4TA6OJ88</lei>
        <title>Mortgage Funding 2008-1 PLC, Series 2008-1, Class B2</title>
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        <fairValLevel>2</fairValLevel>
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        <name>American Airlines Inc./AAdvantage Loyalty IP Ltd.</name>
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        <name>CoreWeave, Inc.</name>
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        <name>Eurosail PLC</name>
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          <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>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5336966"/>
        </identifiers>
        <balance>-36675000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-208130.63000000</valUSD>
        <pctVal>-0.01238981728</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Goldman Sachs International</counterpartyName>
              <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus BRL</issuerName>
                <issueTitle>USD versus BRL</issueTitle>
                <identifiers>
                  <other otherDesc="CADIS_ID" value="5336966"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>4.87500000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-06-22</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-20354.63000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Electricite de France</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>Electricite de France</title>
        <cusip>ZN7006218</cusip>
        <identifiers>
          <isin value="FR001400EFQ6"/>
        </identifiers>
        <balance>2600000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
        <valUSD>3278078.07000000</valUSD>
        <pctVal>0.195140851341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.50000000</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>TELUS Corp.</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>TELUS Corp.</title>
        <cusip>87971MCQ4</cusip>
        <identifiers>
          <isin value="US87971MCQ42"/>
        </identifiers>
        <balance>2178000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2179065.04000000</valUSD>
        <pctVal>0.129717657100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1507090.42000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26CEKBB3F3W"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-82245.80000000</valUSD>
        <pctVal>-0.00489601378</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Bank of America, National Association</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <amtCurSold>3400000.00000000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>4543947.00000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-06-17</settlementDt>
            <unrealizedAppr>-82245.80000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JPMorgan Chase Bank, National Association</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4441171"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
        <valUSD>3496615.13000000</valUSD>
        <pctVal>0.208150153447</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank NA</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>MARKIT ITRX EUR SNR FIN</indexName>
                <indexIdentifier>ITRAXX-XOVERS42V4-5Y</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.00000000"/>
            <otherPmntDesc fixedOrFloating="Other">The Fund makes or receivers a payment if a defined credit event occurs with respect to the reference instrument</otherPmntDesc>
            <terminationDt>2029-12-20</terminationDt>
            <upfrontPmnt>1906187.59000000</upfrontPmnt>
            <pmntCurCd>EUR</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>EUR</rcptCurCd>
            <notionalAmt>24150000.00000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>1374324.21000000</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>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26CDKBB189V"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>117.00000000</valUSD>
        <pctVal>0.000006964898</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <amtCurSold>244000.00000000</amtCurSold>
            <curSold>SEK</curSold>
            <amtCurPur>26604.32000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-06-17</settlementDt>
            <unrealizedAppr>117.00000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs</title>
        <cusip>31394V7G9</cusip>
        <identifiers>
          <isin value="US31394V7G93"/>
        </identifiers>
        <balance>85492.08000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98827.72000000</valUSD>
        <pctVal>0.005883119622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.78132400</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>FMC Corp.</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC Corp.</title>
        <cusip>302491AY1</cusip>
        <identifiers>
          <isin value="US302491AY14"/>
        </identifiers>
        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33979.23000000</valUSD>
        <pctVal>0.002022751053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</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>Group 1 Automotive, Inc.</name>
        <lei>549300US8QAZJLWYAF63</lei>
        <title>Group 1 Automotive, Inc.</title>
        <cusip>398905AN9</cusip>
        <identifiers>
          <isin value="US398905AN98"/>
        </identifiers>
        <balance>705000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>686751.08000000</valUSD>
        <pctVal>0.040881634771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5262218"/>
        </identifiers>
        <balance>-55100000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-526535.60000000</valUSD>
        <pctVal>-0.03134416052</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Goldman Sachs International</counterpartyName>
              <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus KRW</issuerName>
                <issueTitle>USD versus KRW</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5262218"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>1475.00000000</exercisePrice>
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            <expDt>2026-05-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-71960.60000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Intercontinental Exchange, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CADIS_ID" value="5315668"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6078401.7</valUSD>
        <pctVal>-0.36184143794</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Citigroup Global Markets Inc.</counterpartyName>
              <counterpartyLei>MBNUM2BPBDO7JBLYG310</counterpartyLei>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>ITRAXX EUROPE CROSSOVER SERIES 45 VERSION 1</indexName>
                <indexIdentifier>2I667KNC8</indexIdentifier>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.00000000"/>
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            <upfrontPmnt>6177669.25</upfrontPmnt>
            <pmntCurCd>EUR</pmntCurCd>
            <upfrontRcpt>0.00</upfrontRcpt>
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            <notionalAmt>68100000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>99267.55</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Last Mile Logistics Pan Euro Finance DAC</name>
        <lei>635400NOPX1IKIAX7N90</lei>
        <title>Last Mile Logistics Pan Euro Finance DAC, Series E</title>
        <cusip>BCC316NC8</cusip>
        <identifiers>
          <isin value="XS2356565585"/>
        </identifiers>
        <balance>5324768.88000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85200000"/>
        <valUSD>6248244.69000000</valUSD>
        <pctVal>0.371952028646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.69900000</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>BB Blue Financing DAC</name>
        <lei>635400ZEZBP91CFF7965</lei>
        <title>BB Blue Financing DAC, Series A1</title>
        <cusip>BZ1196758</cusip>
        <identifiers>
          <isin value="XS2533145756"/>
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        <balance>1677083.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1628103.43000000</valUSD>
        <pctVal>0.096919439567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.39500000</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>Brookfield Infrastructure Finance ULC</name>
        <lei>984500CDDWC47U7DBA74</lei>
        <title>Brookfield Infrastructure Finance ULC</title>
        <cusip>11276BAA7</cusip>
        <identifiers>
          <isin value="US11276BAA70"/>
        </identifiers>
        <balance>1112000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1127076.50000000</valUSD>
        <pctVal>0.067093785761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1111517.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>31394CKG6</cusip>
        <identifiers>
          <isin value="US31394CKG68"/>
        </identifiers>
        <balance>4371.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205.14000000</valUSD>
        <pctVal>0.000012211787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nationstar Mortgage Holdings LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Morgan Stanley Capital Services LLC</counterpartyName>
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      <invstOrSec>
        <name>Energuate Trust 2 0</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jupiter Mortgage No.1 PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Teva Pharmaceutical Finance Netherlands III B.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Freddie Mac REMICs</name>
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        <name>Nexstar Media Inc.</name>
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        <name>OneMain Finance Corp.</name>
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        <name>Freddie Mac REMICs</name>
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        <title>Freddie Mac REMICs, IO</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>EUR versus HUF</issuerName>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs</title>
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          <isin value="US31397NP418"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-25</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
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          <isin value="US1248EPCV30"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal FX Forward Identifier" value="26DRKBB992J"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26CEKBB15F3"/>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
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            <amtCurSold>19805285.20000000</amtCurSold>
            <curSold>AUD</curSold>
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        <securityLending>
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      <invstOrSec>
        <name>SS&amp;C Technologies, Inc.</name>
        <lei>549300KY09TR3J12JU49</lei>
        <title>SS&amp;C Technologies, Inc.</title>
        <cusip>78466CAC0</cusip>
        <identifiers>
          <isin value="US78466CAC01"/>
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        <balance>310000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>309906.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26CDKBB18MQ"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-38736.91000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>Subway Funding LLC</name>
        <lei>N/A</lei>
        <title>Subway Funding LLC, Series 2024-1A, Class A2I</title>
        <cusip>864300AC2</cusip>
        <identifiers>
          <isin value="US864300AC28"/>
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        <balance>282695.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>284911.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.26800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>PennyMac Financial Services, Inc.</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PennyMac Financial Services, Inc.</title>
        <cusip>70932MAB3</cusip>
        <identifiers>
          <isin value="US70932MAB37"/>
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        <balance>158000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>151059.71000000</valUSD>
        <pctVal>0.008992440016</pctVal>
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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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      <invstOrSec>
        <name>HA Sustainable Infrastructure Capital, Inc.</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>HA Sustainable Infrastructure Capital, Inc.</title>
        <cusip>41068XAG5</cusip>
        <identifiers>
          <isin value="US41068XAG51"/>
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        <balance>321000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340853.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5317845"/>
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        <balance>-18260000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Goldman Sachs International</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>USD versus BRL</issuerName>
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            <shareNo>1.00000000</shareNo>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>UBS AG</title>
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        <balance>7335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>882818.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
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                <issuerName>USD versus JPY</issuerName>
                <issueTitle>USD versus JPY</issueTitle>
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            <shareNo>1.00000000</shareNo>
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            <expDt>2026-10-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>160321.10000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>5299002OYNAPMJKK2A73</lei>
        <title>Freddie Mac, Series 2024-HQA2, Class M2</title>
        <cusip>35564NEC3</cusip>
        <identifiers>
          <isin value="US35564NEC39"/>
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        <balance>3450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3471970.64000000</valUSD>
        <pctVal>0.206683090535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Greystar Real Estate Partners, LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Intercontinental Exchange Inc</counterpartyName>
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                <issuerName>ISPIM FRN 03 MAR 2017 EMTN</issuerName>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Mercantil del Norte, S.A.</name>
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        <fairValLevel>2</fairValLevel>
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            <dbtSecRefInstrument>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Cushman &amp; Wakefield US Borrower LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Marriott Ownership Resorts, Inc.</name>
        <lei>BW4532OH033VURR0IT68</lei>
        <title>Marriott Ownership Resorts, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Asurion LLC/ Asurion Co-Issuer Inc.</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion LLC/ Asurion Co-Issuer Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bell Canada</name>
        <lei>5493000G3EFX9S7TDE29</lei>
        <title>Bell Canada</title>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Brink's Co. (The)</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
        <title>Brink's Co. (The)</title>
        <cusip>109696AD6</cusip>
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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>Newday Funding Master Issuer PLC - Series 2024-3</name>
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        <fairValLevel>2</fairValLevel>
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          <other otherDesc="Internal FX Forward Identifier" value="26CFKBB63R6"/>
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        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VB-S1 Issuer LLC</name>
        <lei>N/A</lei>
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        <balance>3710000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs</title>
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          <isin value="US31392MJE30"/>
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        <balance>9943.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10270.41000000</valUSD>
        <pctVal>0.000611387681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue Securities</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>7141324.99000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal FX Forward Identifier" value="26CGKBB082Z"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <indexBasketInfo>
                <indexName>MARKIT CDX.NA.HY.39 12/27* CDX HY CDSI S39 5Y PRC</indexName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>Carriage Services, Inc.</name>
        <lei>N/A</lei>
        <title>Carriage Services, Inc.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue Securities</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Euro-Bund Future</title>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Short</payOffProf>
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                <issuerName>Bundesrepublik Deutschland Bundesanleihe</issuerName>
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      <invstOrSec>
        <name>Newday Funding Master Issuer PLC - Series 2025-2</name>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Telecomunicaciones Digitales, S.A.</name>
        <lei>5299008Q5GONPYNF9J32</lei>
        <title>Telecomunicaciones Digitales, S.A.</title>
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          <isin value="USP1926LAA37"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1683403.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CME Group Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5268301"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="BRL" exchangeRt="4.95180000"/>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CME Group Inc</counterpartyName>
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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>CoreWeave, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>OneMain Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Connecticut Avenue Securities</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bayer US Finance LLC</name>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1571010.49000000</valUSD>
        <pctVal>0.093520751470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.83800000</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>EMRLD Borrower L.P.</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMRLD Borrower L.P., Incremental Term Loan B</title>
        <cusip>26872NAD1</cusip>
        <identifiers>
          <isin value="US26872NAD12"/>
        </identifiers>
        <balance>455813.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>456964.13000000</valUSD>
        <pctVal>0.027202637477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.94961000</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>Dominican Republic International Bond</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic International Bond</title>
        <cusip>25714PEF1</cusip>
        <identifiers>
          <isin value="US25714PEF18"/>
        </identifiers>
        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1135140.00000000</valUSD>
        <pctVal>0.067573798201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>AIM Investment Funds (Invesco Investment Funds)</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Principal Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
