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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>Advanced Drainage Systems, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ahead DB Holdings LLC</name>
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        <name>Alarm.com Holdings, Inc.</name>
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        <name>Albertsons Cos., Inc.</name>
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        <name>Albertsons Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alibaba Group Holding Ltd.</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Arab Republic of Egypt</name>
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        <name>Arches Buyer, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</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>Benchmark Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Benin Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Berry Global, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BHMS Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Blue Racer Midstream LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BMO Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Boeing Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Bombardier, Inc.</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Cote d'Ivoire</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Box, Inc.</name>
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        <title>Box, Inc.</title>
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      <invstOrSec>
        <name>Boyne USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BP Capital Markets America, Inc.</name>
        <lei>5493009NTB34VXE1T760</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
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          <isin value="US107927AF22"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
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          <isin value="US107933AF08"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
        <lei>N/A</lei>
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          <isin value="US10806EAF16"/>
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        <balance>900000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
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          <isin value="US10806HAF47"/>
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        <balance>975000.00000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
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        <cusip>10807HAF3</cusip>
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          <isin value="US10807HAF38"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293468.17000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
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          <isin value="US10807UAF49"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
        <lei>N/A</lei>
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          <isin value="US10807VAF22"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Broadcom, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Buckeye Partners LP</name>
        <lei>549300C1PQJLVEIUBK50</lei>
        <title>Buckeye Partners LP</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Builders FirstSource, Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>Builders FirstSource, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
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      <invstOrSec>
        <name>Builders FirstSource, Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>Builders FirstSource, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <name>CD Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CD&amp;R Smokey Buyer, Inc.</name>
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        <name>Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COLT Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CSC Holdings LLC</name>
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        <name>CSMC Mortgage-Backed Trust</name>
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        <name>Countrywide Asset-Backed Certificates</name>
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        <name>Alternative Loan Trust</name>
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        <name>Alternative Loan Trust</name>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Caturus Energy LLC</name>
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        <name>Celanese US Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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          <isin value="US172967PG03"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SM Energy Co.</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SM Energy Co.</name>
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        <name>Commercial Metals Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Acceptance Auto Loan Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Acceptance Auto Loan Trust</name>
        <lei>N/A</lei>
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          <isin value="US22537GAA85"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Acceptance Auto Loan Trust</name>
        <lei>N/A</lei>
        <title>Credit Acceptance Auto Loan Trust, Series 2024-1A, Class B</title>
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          <isin value="US22537GAC42"/>
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        <balance>663000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>669386.88000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Acceptance Auto Loan Trust</name>
        <lei>N/A</lei>
        <title>Credit Acceptance Auto Loan Trust, Series 2024-1A, Class C</title>
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          <isin value="US22537GAE08"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS Group AG</name>
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        <curCd>USD</curCd>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crown Castle, Inc.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cyprium Corp.</name>
        <lei>N/A</lei>
        <title>Cyprium Corp.</title>
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          <isin value="US23292NAA63"/>
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        <curCd>USD</curCd>
        <valUSD>74025.46000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DT Auto Owner Trust</name>
        <lei>N/A</lei>
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          <isin value="US23345YAJ01"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DailyPay Securitization Trust 2025-1</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>DaVita, Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DaVita, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>DaVita, Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DaVita, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Deephaven Residential Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DRC International Bond</name>
        <lei>N/A</lei>
        <title>Republic of Congo</title>
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        <fairValLevel>2</fairValLevel>
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        <name>DRC International Bond</name>
        <lei>N/A</lei>
        <title>Republic of Congo</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
        <cusip>25160PAR8</cusip>
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        <balance>810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>797482.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-06</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>Digicel International Finance Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DISH Network Corp.</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>DISH DBS Corp.</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>Drive Auto Receivables Trust</name>
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        <name>Drive Auto Receivables Trust</name>
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        <name>EMRLD Borrower LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Emera US Finance LP</name>
        <lei>N/A</lei>
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          <isin value="US29103DAT37"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
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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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        <curCd>N/A</curCd>
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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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          <other otherDesc="Inhouse Asset ID" value="29152"/>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Goldman Sachs</counterpartyName>
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      <invstOrSec>
        <name>Enbridge, Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge, Inc., Series NC5</title>
        <cusip>29250NBS3</cusip>
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          <isin value="US29250NBS36"/>
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        <balance>3034000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2084-01-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Enbridge, Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge, Inc.</title>
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          <isin value="US29250NBT19"/>
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        <balance>123000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140672.27000000</valUSD>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2084-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>Encompass Health Corp.</title>
        <cusip>29261AAA8</cusip>
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          <isin value="US29261AAA88"/>
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        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14934.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>Energizer Holdings, Inc.</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>Energizer Holdings, Inc.</title>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>405115.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Energizer Holdings, Inc.</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>Energizer Holdings, Inc.</title>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216577.22000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
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          <isin value="US29273VAX82"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>ENEL Finance International NV</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
        <title>ENEL Finance International NV</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ENEL Finance International NV</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ENEL Finance International NV</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
        <title>ENEL Finance International NV</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Endo Finance Holdings LP</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>FHLMC</name>
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        <cusip>3137F8ZX4</cusip>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <cusip>3137F9YZ8</cusip>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <cusip>3137F9ZA2</cusip>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series K070, Class X3</title>
        <cusip>3137FCJN5</cusip>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series K072, Class X3</title>
        <cusip>3137FEBT6</cusip>
        <identifiers>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series K088, Class X3</title>
        <cusip>3137FL6H2</cusip>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series K737, Class X3</title>
        <cusip>3137FQXM0</cusip>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series K-1517, Class X1</title>
        <cusip>3137FWHG8</cusip>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, REMIC, Series 5023, Class MI</title>
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      <invstOrSec>
        <name>FHLMC</name>
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        <cusip>3137FXQX9</cusip>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series K127, Class X1</title>
        <cusip>3137FXZ50</cusip>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series K127, Class X3</title>
        <cusip>3137FXZ68</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series K-1520, Class X1</title>
        <cusip>3137FYTY2</cusip>
        <identifiers>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <cusip>3137HJZV2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, REMIC, Series 2010-68, Class SJ</title>
        <cusip>31398TJQ5</cusip>
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          <isin value="US31398TJQ58"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.82341880</annualizedRt>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <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>GFL Environmental Holdings US, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gap, Inc. (The)</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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        <fairValLevel>2</fairValLevel>
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        <name>Global Payments, Inc.</name>
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        <name>Global Medical Response, Inc.</name>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2021-107, Class XI</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Granite Construction, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gray Media, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Media, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Gray Media, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <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>Hertz Corp. (The)</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Jazz Investments I 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>JELD-WEN Holding, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jersey Central Power &amp; Light Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JetBlue Airways Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>JetBlue Airways Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMCC Commercial Mortgage Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KBC Group NV</name>
        <lei>213800X3Q9LSAKRUWY91</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Kinetik Holdings LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kioxia Holdings Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kite Realty Group LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Knight-Swift Transportation Holdings, Inc.</name>
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        <name>Grupo Antolin Irausa SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kodiak Gas Services LLC</name>
        <lei>549300ZQBRWEUOVOM131</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Kodiak Gas Services LLC</name>
        <lei>549300ZQBRWEUOVOM131</lei>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>LHOME Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US50205PAA03"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LHOME Mortgage Trust</name>
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          <isin value="US50205WAA53"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lhome Mortgage Trust</name>
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          <isin value="US50206RAA59"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LYB International Finance III LLC</name>
        <lei>984500A51LA0B8EB4053</lei>
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        <cusip>50249AAR4</cusip>
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          <isin value="US50249AAR41"/>
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        <balance>912000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crescent Energy Finance LLC</name>
        <lei>54930061FUL6DBLFUW14</lei>
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        <cusip>516806AK2</cusip>
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          <isin value="US516806AK23"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>445852.38000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>Lehman Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Lehman Mortgage Trust, Series 2005-2, Class 2A5</title>
        <cusip>52520MBW2</cusip>
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          <isin value="US52520MBW29"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
        <title>Lendmark Funding Trust, Series 2024-2A, Class A</title>
        <cusip>52590AAA2</cusip>
        <identifiers>
          <isin value="US52590AAA25"/>
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        <balance>511000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
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          <isin value="US52590AAD63"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
        <title>Lendmark Funding Trust, Series 2025-3A, Class C</title>
        <cusip>525951AC3</cusip>
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          <isin value="US525951AC35"/>
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        <balance>735000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
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          <isin value="US525951AD18"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
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        <cusip>52603GAA4</cusip>
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          <isin value="US52603GAA40"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
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          <isin value="US52603GAC06"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
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          <isin value="US52604QAA13"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lendingpoint Asset Securitization Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
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        <cusip>52607MAA7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>Level 3 Financing, Inc.</title>
        <cusip>527298CM3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Life360, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Live Nation Entertainment, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Live Nation Entertainment, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Live Nation Entertainment, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Live Nation Entertainment, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lsf12 Helix Parent LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lyft, 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>MKS, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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              <title>MKS, Inc.</title>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MPT Operating Partnership LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>MRCD MARK Mortgage Trust</name>
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          <isin value="US55348UAS78"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MYT Holding LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Madison IAQ LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Madison IAQ LLC</name>
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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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        <name>Magnetite XL Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Maple Parent Holdings Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Maple Parent Holdings Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mariner Finance issuance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mars, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Marvell Technology, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Marvell Technology, Inc.</name>
        <lei>254900WVU0BM7ZCJ9E93</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Masterbrand, Inc.</name>
        <lei>549300E0Y4BR5Z9RDZ64</lei>
        <title>Masterbrand, Inc.</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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        <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>NextEra Energy Capital Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Nexstar Media, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NiSource, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Noble Finance II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Conair Holdings LLC</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>NOVA Chemicals Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Novelis Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OCP CLO Ltd.</name>
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        <name>OBX Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ON Semiconductor Corp.</name>
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        <name>ON Semiconductor Corp.</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Altar Bidco, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>1261229 BC Ltd.</name>
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        <invCountry>CA</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Oportun Issuance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Option One Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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        <name>Oracle Corp.</name>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>PG&amp;E Corp.</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
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        <name>Perrigo Finance Unlimited Co.</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>Republic of Poland</name>
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        <name>Primo Water Holdings, Inc.</name>
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        <name>Progress Residential Trust</name>
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        <name>Provident Funding Mortgage Trust</name>
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        <name>Provident Funding Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indonesia Asahan Aluminium PT</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>QXO Building Products, 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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>RHP Hotel Properties LP</name>
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        <name>Radiology Partners, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Anywhere Real Estate Group LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Anywhere Real Estate Group LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Regency Centers LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Callaway Golf Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Renaissance Home Equity Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Renaissance Home Equity Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic Finance Issuance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>RingCentral, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>EMRLD Borrower LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rocket Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Rocket Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rocket Mortgage LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rockies Express Pipeline LLC</name>
        <lei>W2ZGZGZKY5GGNY6F3V51</lei>
        <title>Rockies Express Pipeline LLC</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SM Energy Co.</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>Rocket Software, Inc.</name>
        <lei>549300PVG26ISP5X1556</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego Gas &amp; Electric Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego Gas &amp; Electric Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Mortgage Asset Receivable Trust</name>
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          <isin value="US802635AD49"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander UK Group Holdings plc</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>Santander UK Group Holdings plc</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Santander UK Group Holdings plc</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>Santander UK Group Holdings plc</title>
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          <isin value="US80281LAT26"/>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Santander Drive Auto Receivables Trust, Series 2024-3, Class D</title>
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          <isin value="US80287LAF67"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
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          <isin value="US80287NAF24"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
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          <isin value="US80288JAF03"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Santander Drive Auto Receivables Trust, Series 2022-6, Class C</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Santander Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Santander Drive Auto Receivables Trust, Series 2023-4, Class B</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Mortgage Asset Receivable Trust</name>
        <lei>2549005ZY4JF8SF73087</lei>
        <title>Santander Mortgage Asset Receivable Trust, Series 2026-NQM3, Class A1A</title>
        <cusip>802929AD1</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santos Finance Ltd.</name>
        <lei>213800BKUBSWG53XNS94</lei>
        <title>Santos Finance Ltd.</title>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Scotts Miracle-Gro Co. (The)</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>Scotts Miracle-Gro Co. (The)</title>
        <cusip>810186AS5</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Scotts Miracle-Gro Co. (The)</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>Scotts Miracle-Gro Co. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Shutterfly Finance LLC</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>Quikrete Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sinclair Television Group, 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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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Small Business Administration</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Modena Buyer LLC</name>
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        <name>Smyrna Ready Mix Concrete LLC</name>
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        <name>Snap, Inc.</name>
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        <name>Snowflake, Inc.</name>
        <lei>254900CJNSY1K7T53Z16</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Starwood Mortgage Residential Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State Street Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Stellantis Finance US, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Stellantis Financial Services US Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stifel SBA IO Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Structured Asset Investment Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BCPE Pequod Buyer, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunoco LP</name>
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        <name>Surgery Center Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Suriname Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Suriname Government International Bond</name>
        <lei>254900SYU4G5JM13TN77</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Suzano Austria GmbH</name>
        <lei>254900287ZNSGVP1R341</lei>
        <title>Suzano Austria GmbH</title>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenet Healthcare Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenet Healthcare Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Terex Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TopBuild Corp.</name>
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        <name>Toorak Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TotalEnergies Capital International SA</name>
        <lei>549300U37G2I8G4RUG09</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TotalEnergies Capital SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TransCanada PipeLines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada PipeLines Ltd.</title>
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          <isin value="US89352HBK41"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-10-17</maturityDt>
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      <invstOrSec>
        <name>TransCanada PipeLines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada PipeLines Ltd.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-10-17</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Transcanada Trust</name>
        <lei>549300Y0MFCAXLBWUV51</lei>
        <title>Transcanada Trust, Series 16-A</title>
        <cusip>89356BAB4</cusip>
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          <isin value="US89356BAB45"/>
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        <balance>810000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BU0</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Genesys Cloud Services, Inc.</name>
        <lei>254900CRMBG6WX4HX396</lei>
        <title>Genesys Cloud Services, Inc., 1st Lien Term Loan</title>
        <cusip>39479UAY9</cusip>
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          <isin value="US39479UAY91"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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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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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HUB International Ltd.</name>
        <lei>N/A</lei>
        <title>HUB International Ltd., 1st Lien Term Loan</title>
        <cusip>44332EAZ9</cusip>
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        <balance>544660.14900000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Boxer Parent Co., Inc.</name>
        <lei>5493006T045HLTF7YX04</lei>
        <title>Boxer Parent Co., Inc., 1st Lien Term Loan</title>
        <cusip>05988HAQ0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Quikrete Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Quikrete Holdings, Inc., 1st Lien Term Loan B-3</title>
        <cusip>74839XAL3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>TriMas Corp.</name>
        <lei>75G1WUQ8QK4P5MZOYD78</lei>
        <title>TriMas Corp.</title>
        <cusip>896215AH3</cusip>
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          <isin value="US896215AH37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trinidad Generation UnLtd</name>
        <lei>N/A</lei>
        <title>Trinidad Generation UnLtd</title>
        <cusip>89636DAB2</cusip>
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        <balance>351000.00000000</balance>
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        <invCountry>TT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trinity Industries, Inc.</name>
        <lei>R1JB4KXN77XFCXOQKV49</lei>
        <title>Trinity Industries, Inc.</title>
        <cusip>896522AJ8</cusip>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRTX Issuer Ltd.</name>
        <lei>N/A</lei>
        <title>TRTX Issuer Ltd., Series 2025-FL6, Class A</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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>United Rentals North America, 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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        <name>Univision Communications, Inc.</name>
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        <name>VF Corp.</name>
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        <name>Vale Overseas Ltd.</name>
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        <name>Voya CLO Ltd.</name>
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        <name>WP Carey, Inc.</name>
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        <name>Wix.com Ltd.</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>Wabash National Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chariot Buyer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wand NewCo 3, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Neon Maple US Debt Mergersub, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sanmina Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PetSmart LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Icon Parent I, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Altafiber Virginia LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TKO Worldwide Holdings LLC</name>
        <lei>N/A</lei>
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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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      <invstOrSec>
        <name>NCR Atleos LLC</name>
        <lei>N/A</lei>
        <title>NCR Atleos LLC, 1st Lien Term Loan B</title>
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          <isin value="US63001PAG63"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.68600000</annualizedRt>
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      <invstOrSec>
        <name>Varsity Brands, Inc.</name>
        <lei>N/A</lei>
        <title>Varsity Brands, Inc., 1st Lien Term Loan</title>
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          <isin value="US92227QAG10"/>
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        <balance>615657.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>616044.86000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.44960000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Weekley Homes LLC</name>
        <lei>N/A</lei>
        <title>Weekley Homes LLC</title>
        <cusip>948565AD8</cusip>
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          <isin value="US948565AD85"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121943.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U2V4</cusip>
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          <isin value="US95000U2V48"/>
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        <balance>1410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1400248.14000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.52600000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U3E1</cusip>
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          <isin value="US95000U3E14"/>
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        <balance>2720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2773526.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.57400000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U3F8</cusip>
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          <isin value="US95000U3F88"/>
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        <balance>2798000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2878385.17000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.55700000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U3K7</cusip>
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          <isin value="US95000U3K73"/>
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        <balance>1160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1184721.04000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-23</maturityDt>
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          <annualizedRt>5.49900000</annualizedRt>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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          <isin value="US95000U3P60"/>
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        <balance>1045000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.24400000</annualizedRt>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U3V3</cusip>
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          <isin value="US95000U3V39"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.60500000</annualizedRt>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95002YAC7</cusip>
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          <isin value="US95002YAC75"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>Dayforce Bidco LLC</name>
        <lei>N/A</lei>
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          <isin value="US23923YAB74"/>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.66339000</annualizedRt>
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        <name>Welltower OP LLC</name>
        <lei>T6IZ0MBEG5ACZDTR7D06</lei>
        <title>Welltower OP LLC</title>
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          <isin value="US95040QAM69"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Welltower OP LLC</name>
        <lei>T6IZ0MBEG5ACZDTR7D06</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wendy's Funding LLC</name>
        <lei>5493009DRVSTWJOXUL48</lei>
        <title>Wendy's Funding LLC, Series 2025-1A, Class A2I</title>
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          <isin value="US95058XAR98"/>
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        <curCd>USD</curCd>
        <valUSD>1619779.98000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.42200000</annualizedRt>
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        <name>WESCO Distribution, Inc.</name>
        <lei>549300I2CEZJG9N4AH67</lei>
        <title>WESCO Distribution, Inc.</title>
        <cusip>95081QAQ7</cusip>
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          <isin value="US95081QAQ73"/>
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        <balance>208000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212663.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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>Western Funding Auto Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Western Funding Auto Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westlake Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westlake Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westlake Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PAREXEL International Corp.</name>
        <lei>549300GCZVUYB6P2OA17</lei>
        <title>PAREXEL International Corp., 1st Lien Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Williams Scotsman, Inc.</name>
        <lei>549300DAKDS8SCO1OT57</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Williams Scotsman, Inc.</name>
        <lei>549300DAKDS8SCO1OT57</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>LSF12 Crown US Commercial Bidco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Belron Finance 2019 LLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Petco Health &amp; Wellness Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Neptune Bidco US, Inc.</name>
        <lei>N/A</lei>
        <title>Neptune Bidco US, Inc., 1st Lien Term Loan B</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>First Student Bidco, Inc.</name>
        <lei>N/A</lei>
        <title>First Student Bidco, Inc., 1st Lien Term Loan B</title>
        <cusip>33718FAQ3</cusip>
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        <balance>125610.78000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>First Student Bidco, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WULF Compute LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wynn Resorts Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
        <title>Wynn Resorts Finance LLC</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>XPO, Inc.</name>
        <lei>54930096DB9LCLPN7H13</lei>
        <title>XPO, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Xerox Corp.</name>
        <lei>4KF48RN45X1OO8UBLY20</lei>
        <title>Xerox Corp.</title>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39393.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>10.25000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Xerox Holdings Corp.</name>
        <lei>5493000Y33XDVO2CXC18</lei>
        <title>Xerox Holdings Corp.</title>
        <cusip>98421MAC0</cusip>
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          <isin value="US98421MAC01"/>
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        <balance>81000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36450.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VSE Corp.</name>
        <lei>N/A</lei>
        <title>VSE Corp., 1st Lien Term Loan B</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>Yinson Bergenia Production BV</name>
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        <title>Yinson Bergenia Production BV</title>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Zoetis, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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              <title>Zoetis, Inc.</title>
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        <name>AWS Claire's LLC</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="US05455VAB62"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>GB AIT Buyer, Inc.</name>
        <lei>N/A</lei>
        <title>GB AIT Buyer, Inc., 1st Lien Term Loan</title>
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          <other otherDesc="Inhouse Asset ID" value="993374"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Labl  dec33</name>
        <lei>N/A</lei>
        <title>Labl  dec33</title>
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        <valUSD>37345.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
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        <name>Serta Simmons Bedding LLC</name>
        <lei>N/A</lei>
        <title>Serta Simmons Bedding LLC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SSB Equipment Co., Inc.</name>
        <lei>N/A</lei>
        <title>SSB Equipment Co., Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>Altice France Sa</name>
        <lei>N/A</lei>
        <title>Altice France Sa</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Escrow Rite Aid</name>
        <lei>N/A</lei>
        <title>Escrow Rite Aid</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Multi-Color Corp.</name>
        <lei>N/A</lei>
        <title>Multi-Color Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="PCED0C1"/>
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        <balance>24198.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24056.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Kingdom of Morocco</name>
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        <fairValLevel>1</fairValLevel>
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        <name>General Electric Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Heathrow Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Mexican States</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Paraguay</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Peru LNG Srl</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KazMunayGas National Co. JSC</name>
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        <name>Vodafone Group plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen International Finance NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pro-Gest SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Islamic Republic of Pakistan</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CFAMC III Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KazMunayGas National Co. JSC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VF Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ZF Europe Finance BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Cote d'Ivoire</name>
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        <name>Silgan Holdings, Inc.</name>
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        <name>Veolia Environnement SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IQVIA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MV24 Capital BV</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>RELX Finance BV</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Brightstar Lottery plc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Ziggo Bond Co. BV</name>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Africa Finance Corp.</name>
        <lei>213800LXFHRRXIJRXW97</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Lune Holdings SARL</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NGG Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INEOS Styrolution Ludwigshafen GmbH</name>
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        <invCountry>DE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</name>
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        <title>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Romania</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Japan</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Bond</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BP Capital Markets plc</name>
        <lei>549300CRVT18MXX0AG93</lei>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>New Immo Holding SA</name>
        <lei>5493007LOTJ0I8E94R81</lei>
        <title>New Immo Holding SA</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Birkenstock Financing SARL</name>
        <lei>5299004DSXRFOZZ5UG09</lei>
        <title>Birkenstock Financing SARL</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>200000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>
        
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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>Iliad Holding SAS</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>Guara Norte SARL</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Agrifarma SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AXA SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alpek SAB de CV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Loxam SAS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AXA SA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Rexel SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Studio City Finance Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>EDP SA</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>CTEC II GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Renault SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC Holdings plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EC Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Ecuador</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Intesa Sanpaolo SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rakuten Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TK Elevator Midco GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arab Republic of Egypt</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Grid Electricity Distribution East Midlands plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TK Elevator Midco GmbH</name>
        <lei>254900K869UN2ZWVB351</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CaixaBank SA</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
        <title>CaixaBank SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2652072864"/>
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        <balance>1800000.00000000</balance>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-19</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Organon &amp; Co.</name>
        <lei>N/A</lei>
        <title>Organon &amp; Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2332250708"/>
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        <balance>300000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Abertis Infraestructuras Finance BV</name>
        <lei>5493007WHKI5H75YJ358</lei>
        <title>Abertis Infraestructuras Finance BV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3074459994"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>236112.10000000</valUSD>
        <pctVal>0.017482611357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.74600000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ams-OSRAM AG</name>
        <lei>5299001JPPT2QFTV5D76</lei>
        <title>ams-OSRAM AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A283WZ3"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>571540.18000000</valUSD>
        <pctVal>0.042318944441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isContngtConvrtbl>N</isContngtConvrtbl>
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            <dbtSecRefInstrument>
              <name>ams-OSRAM AG</name>
              <title>ams-OSRAM AG</title>
              <curCd>CHF</curCd>
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                <isin value="AT0000A3EPA4"/>
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          <currencyInfos>
            <currencyInfo convRatio="6.48738700" curCd="EUR"/>
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          <delta>XXXX</delta>
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        <securityLending>
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      <invstOrSec>
        <name>Wynn Macau Ltd.</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
        <title>Wynn Macau Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USG98149AH33"/>
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        <balance>589000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>586791.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</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>Cooperatieve Rabobank UA</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>Cooperatieve Rabobank UA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2202900424"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>703255.22000000</valUSD>
        <pctVal>0.052071612154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-29</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>N/A</name>
              <title>N/A</title>
              <curCd>EUR</curCd>
              <identifiers>
                <cusip value="N/A"/>
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          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="N/A" 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>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romania Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2201851685"/>
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        <balance>950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>646209.00000000</valUSD>
        <pctVal>0.047847699471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-14</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Avantor Funding, Inc.</name>
        <lei>5493003VM0XB4U8YD238</lei>
        <title>Avantor Funding, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2205083749"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>464870.64000000</valUSD>
        <pctVal>0.034420737990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Republic of Colombia</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3183159733"/>
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        <balance>417000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>469377.36000000</valUSD>
        <pctVal>0.034754432173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>OI European Group BV</name>
        <lei>72450053F5WRDY8CDZ66</lei>
        <title>OI European Group BV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2624554320"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>118594.02000000</valUSD>
        <pctVal>0.008781138962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Birkenstock Financing SARL</name>
        <lei>5299004DSXRFOZZ5UG09</lei>
        <title>Birkenstock Financing SARL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2338167104"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>234674.82000000</valUSD>
        <pctVal>0.017376189841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>Electricite de France SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013534336"/>
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        <balance>400000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2463450408"/>
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        <balance>1100000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <isContngtConvrtbl>Y</isContngtConvrtbl>
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              <title>N/A</title>
              <curCd>EUR</curCd>
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          <currencyInfos>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Verisure Midholding AB</name>
        <lei>549300496LYEZ55X1M49</lei>
        <title>Verisure Midholding AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2287912450"/>
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        <balance>509787.23000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Braskem Netherlands Finance BV</name>
        <lei>2549000TLMHFQ74DS330</lei>
        <title>Braskem Netherlands Finance BV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USN15516AG70"/>
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        <balance>570000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>327750.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bankinter SA</name>
        <lei>VWMYAEQSTOPNV0SUGU82</lei>
        <title>Bankinter SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0213679OO6"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>120347.94000000</valUSD>
        <pctVal>0.008911005673</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <name>Amber Finco plc</name>
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        <name>Enel SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EnfraGen Energia Sur SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Novelis Sheet Ingot GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Lorca Telecom Bondco SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Adler Pelzer Holding GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Leasing GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UniCredit SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Heathrow Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WMG Acquisition Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dolcetto Holdco SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Istanbul Metropolitan Municipality</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>eircom Finance DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Kenya</name>
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        <fairValLevel>2</fairValLevel>
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        <name>888 Acquisitions Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Intesa Sanpaolo SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kaixo Bondco Telecom SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Angola</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AI Candelaria -spain- SA</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>United Mexican States</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Turkcell Iletisim Hizmetleri A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Mexican States</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RAC Bond Co. plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Poland</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Electricite de France SA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Telefonica Europe BV</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Republic of Colombia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IHO Verwaltungs GmbH</name>
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      <invstOrSec>
        <name>Czech Republic</name>
        <lei>3157007EFDLQABN47912</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rossini SARL</name>
        <lei>549300EC5JCCW6F83R11</lei>
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          <isin value="XS2854303729"/>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CaixaBank SA</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
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          <isin value="XS2555187801"/>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Telecom Italia SpA</name>
        <lei>549300W384M3RI3VXU42</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS2637954582"/>
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        <balance>380000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UniCredit SpA</name>
        <lei>549300TRUWO2CD2G5692</lei>
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          <isin value="XS2577053825"/>
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        <balance>781000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-17</maturityDt>
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      <invstOrSec>
        <name>Chile Electricity Lux Mpc II Sarl</name>
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          <isin value="USL1567LAA19"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-20</maturityDt>
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        <name>Commerzbank AG</name>
        <lei>851WYGNLUQLFZBSYGB56</lei>
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          <isin value="DE000CZ45WB5"/>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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            <dbtSecRefInstrument>
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      <invstOrSec>
        <name>Credit Agricole SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
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          <isin value="FR001400N2U2"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Verisure Holding AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iliad Holding SAS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CT Investment GmbH</name>
        <lei>529900VYBTC7HKBCNB72</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>EDP SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Progroup AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Valeo SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kingdom of Morocco</name>
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        <invCountry>MA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group plc</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group plc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>United Mexican States</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Honduras</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>KBC Group NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IHS Holding Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Telefonica Europe BV</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CaixaBank SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benin Government International Bond</name>
        <lei>635400Q11P6AE5A5Y230</lei>
        <title>Benin Government Bond</title>
        <cusip>N/A</cusip>
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        <invCountry>BJ</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Grupo Antolin Irausa SA</name>
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        <title>Grupo Antolin Irausa SA</title>
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        <fairValLevel>2</fairValLevel>
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        <name>OEG Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aroundtown SA</name>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Q-Park Holding I BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cheplapharm Arzneimittel GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Perrigo Finance Unlimited Co.</name>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ZF Europe Finance BV</name>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Carnival plc</name>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Boots Group Finco LP</name>
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        <title>Boots Group Finco LP</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Republic of Ecuador</name>
        <lei>5299003Y2U5XK0A35H71</lei>
        <title>Republic of Ecuador</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>EC</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-31</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Grupo Nutresa SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Veolia Environnement SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EDP SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INEOS Finance plc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Repsol Europe Finance Sarl</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Amcor UK Finance plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>eircom Finance DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alstom SA</name>
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        <name>Banijay Entertainment SAS</name>
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        <name>Schaeffler AG</name>
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        <name>Republic of Colombia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OTP Bank Nyrt.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Scottish Hydro Electric Transmission plc</name>
        <lei>549300ECJZDA7203MK64</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Far East Horizon Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PLT VII Finance SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fressnapf Holding SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Congolese International Bond</name>
        <lei>529900BXT90HR4QTB688</lei>
        <title>Republic of Congo</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Forvia SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fibercop SpA</name>
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          <isin value="XS2804500226"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Fibercop SpA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-24</maturityDt>
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        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
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        <curCd>USD</curCd>
        <valUSD>532500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-19</maturityDt>
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        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
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          <isin value="FR0014017V71"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>IHO Verwaltungs GmbH</name>
        <lei>529900JL0HDVGZMUJF32</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>RCI Banque SA</name>
        <lei>96950001WI712W7PQG45</lei>
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          <isin value="FR001400Y5Z1"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Congolese International Bond</name>
        <lei>529900BXT90HR4QTB688</lei>
        <title>Republic of Congo</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Greenko Wind Projects Mauritius Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Orbia Advance Corp. SAB de CV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romania Government Bond</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Beach Acquisition Bidco LLC</name>
        <lei>254900F2FNX3GBTB6202</lei>
        <title>Beach Acquisition Bidco LLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Tyco Electronics Group SA</name>
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        <name>Altice France SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Paprec Holding SA</name>
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        <name>Viridien</name>
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        <name>Azule Energy Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Benteler International Austria GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Heathrow Funding Ltd.</name>
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        <name>Punch Finance plc</name>
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        <name>Essendi SA</name>
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        <name>Medco Cypress Tree Pte. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BCP V Modular Services Finance II plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nissan Motor Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Eni SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Muthoot Finance Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Silgan Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TotalEnergies SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Country Garden Holdings Co. Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Country Garden Holdings Co. Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <name>Country Garden Holdings Co. Ltd.</name>
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        <name>Republic of South Africa</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cloverie plc for Zurich Insurance Co. Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Sunrise HoldCo IV BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Cote d'Ivoire</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Belden, Inc.</name>
        <lei>68BKYO1JC791TTJHUE82</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="CNU6COM"/>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Czech Repub. Kronas</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Altice France SA</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <descOthUnits>Currencies</descOthUnits>
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        <invCountry>XX</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="FVU6COS"/>
          <other otherDesc="Future Ticker" value="FVU6 Comdty"/>
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        <curCd>USD</curCd>
        <valUSD>-534546.45000000</valUSD>
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        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>United States of America</issuerName>
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        <securityLending>
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      <invstOrSec>
        <name>British Pound</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="ISO Currency code" value="GBP"/>
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        <balance>-171841.75000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Hungarian Forint</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="ISO Currency code" value="HUF"/>
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        <balance>1.16000000</balance>
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        <descOthUnits>Currencies</descOthUnits>
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        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Indonesian Rupiah</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="ISO Currency code" value="IDR"/>
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        <balance>0.50000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="IDR" exchangeRt="17870.00000000"/>
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        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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          <isin value="DE000F2Y2EW5"/>
          <other otherDesc="Future Ticker" value="IKM6 Comdty"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Eurex Clearing</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                  <ticker value="IKM6 Comdty"/>
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        <name>Indian Rupee</name>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="JBM6COS"/>
          <other otherDesc="Future Ticker" value="JBM6 Comdty"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Japan Securities Clearing</counterpartyName>
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            <payOffProf>Short</payOffProf>
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        <name>Japanese Yen</name>
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          <other otherDesc="ISO Currency code" value="JPY"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>New Mexican Pesos</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Grifols SA</name>
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          <isin value="XS2393001891"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Norwegian Krone</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Nidda Healthcare Holding GmbH</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ball Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UniCredit SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cheplapharm Arzneimittel GmbH</name>
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        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bellis Acquisition Co. plc</name>
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        <pctVal>0.012726960572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</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>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Ultra Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="WNU6COS"/>
          <other otherDesc="Future Ticker" value="WNU6 Comdty"/>
        </identifiers>
        <balance>-409.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1031145.62000000</valUSD>
        <pctVal>-0.07634982759</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>United States of America</issuerName>
                <issueTitle>U.S. Treasury Ultra Bond</issueTitle>
                <identifiers>
                  <ticker value="WNU6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-09-21</expDate>
            <notionalAmt>-46881625.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1031145.62000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Crown European Holdings SACA</name>
        <lei>85OKW2SW05RZFQS1W718</lei>
        <title>Crown European Holdings SACA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2872799734"/>
        </identifiers>
        <balance>113000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>135297.09000000</valUSD>
        <pctVal>0.010017895915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INEOS Quattro Finance 2 plc</name>
        <lei>213800V48W4Y5MT5Q131</lei>
        <title>INEOS Quattro Finance 2 plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2915461458"/>
        </identifiers>
        <balance>185000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>190144.48000000</valUSD>
        <pctVal>0.014078999109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</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>Flora Food Management BV</name>
        <lei>2549002VGA888UKFKS25</lei>
        <title>Flora Food Management BV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2848926239"/>
        </identifiers>
        <balance>119000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>133184.10000000</valUSD>
        <pctVal>0.009861442337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</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>Australia 10 Year Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="XMM6COM"/>
          <other otherDesc="Future Ticker" value="XMM6 Comdty"/>
        </identifiers>
        <balance>388.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39130434"/>
        <valUSD>267081.71000000</valUSD>
        <pctVal>0.019775715588</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ASX Clear (Futures)</counterpartyName>
              <counterpartyLei>549300ZD7BBOVZFVHK49</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Australia 10 Year Bond</issueTitle>
                <identifiers>
                  <ticker value="XMM6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-15</expDate>
            <notionalAmt>42302708.80000000</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>267081.71000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ardagh Holdings SA</name>
        <lei>6354006L1NWUUOPYX274</lei>
        <title>Ardagh Holdings SA</title>
        <cusip>985923101</cusip>
        <identifiers>
          <isin value="US9859231014"/>
        </identifiers>
        <balance>16966.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>113787.57000000</valUSD>
        <pctVal>0.008425251664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federative Republic of Brazil</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Notas do Tesouro Nacional</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSTNCNTF2K7"/>
        </identifiers>
        <balance>15000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.04455000"/>
        <valUSD>2342063.46000000</valUSD>
        <pctVal>0.173415022969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.99999990</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic of North Macedonia</name>
        <lei>635400RD1N6RVNCE4958</lei>
        <title>Republic of North Macedonia</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3273796741"/>
        </identifiers>
        <balance>566000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>648833.86000000</valUSD>
        <pctVal>0.048042053794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>Republic of Costa Rica</name>
        <lei>549300S1EK2VN6XVJP58</lei>
        <title>Republic of Costa Rica</title>
        <cusip>221602AE5</cusip>
        <identifiers>
          <isin value="XS3273874563"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733882"/>
        <valUSD>1225501.49000000</valUSD>
        <pctVal>0.090740653559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00100000</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>South African Rand</name>
        <lei>N/A</lei>
        <title>South African Rand</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="ZAR"/>
        </identifiers>
        <balance>3197.71000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="ZAR" exchangeRt="16.21500000"/>
        <valUSD>197.21000000</valUSD>
        <pctVal>0.000014602156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
      <explntrNote note="CNY is confirmed. CNY is an abbreviation for Chinese Yuan for when traded is on-shore markets." noteItem="C.11.e.i"/>
      <explntrNote note="CNY is confirmed. CNY is an abbreviation for Chinese Yuan for when traded is on-shore markets." noteItem="C.11.e.ii"/>
      
      
      
      
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>J.P. Morgan Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
