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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL</name>
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        <invCountry>BR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BRIDGE HOUSING CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BRIDGE HOUSING CORP</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BX TRUST 2026-CLS</name>
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        <cusip>123915AE0</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CPTS 2019-CPT MORTGAGE TRUST</name>
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        <cusip>12654YAE9</cusip>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>COMM 2022-HC MORTGAGE TRUST</name>
        <lei>N/A</lei>
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        <cusip>12659DAE0</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
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        <name>COMM 2025-167G MORTGAGE TRUST</name>
        <lei>N/A</lei>
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        <cusip>12674VAA9</cusip>
        <identifiers>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50268000</annualizedRt>
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        <name>CAISSE D'AMORTISSEMENT DE LA DETTE SOCIALE</name>
        <lei>969500P04DQJS4BPM574</lei>
        <title>Caisse d'Amortissement de la Dette Sociale 4.25%, Due 08/21/2029</title>
        <cusip>12802D2V7</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>ATLANTICA SUSTAINABLE INFRASTRUCTURE GROUP PLC</name>
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        <cusip>13005HAA8</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.37500000</annualizedRt>
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        <name>CALIFORNIA HEALTH FACS FING AUTH</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <cusip>13032UC89</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.69000000</annualizedRt>
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        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>Canadian Imperial Bank of Commerce 7%, Fixed Until 10/28/2030</title>
        <cusip>13607P7Y4</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>1107409.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2085-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>Canadian Imperial Bank of Commerce 6.5%, Fixed until 7/28/2031</title>
        <cusip>13607QUM2</cusip>
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        <valUSD>724533.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>CANADIAN NATIONAL RAILWAY COMPANY</name>
        <lei>3SU7BEP7TH9YEQOZCS77</lei>
        <title>Canadian National Railway Company 4.95%, Due 05/12/2036</title>
        <cusip>136375DY5</cusip>
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          <isin value="US136375DY55"/>
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        <balance>1025000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAPITAL IMPACT PARTNERS</name>
        <lei>N/A</lei>
        <title>Capital Impact Partners 5.335%, Due 08/01/2030</title>
        <cusip>140192AA3</cusip>
        <identifiers>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CONOCOPHILLIPS COMPANY</name>
        <lei>6VJJ5GQWIRDQ06DUXG89</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CONSERVATION FUND (THE)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CONSUMERS 2023 SECURITIZATION FUNDING LLC</name>
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        <name>CONTINENTAL WIND LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA</name>
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        <invCountry>FR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>UBS GROUP AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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        <invCountry>CH</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>INTER-AMERICAN DEVELOPMENT BANK</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>N/A</fairValLevel>
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        <name>INTERNATIONAL DEVELOPMENT ASSOCIATION</name>
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        <title>International Development Association 4.375%, Due 11/27/2029</title>
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        <name>IOWA FIN AUTH</name>
        <lei>549300NQVL49BTHOW391</lei>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
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        <name>KAISER FOUNDATION HOSPITALS</name>
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        <name>KOREA ELECTRIC POWER CORP</name>
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        <invCountry>KR</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
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        <name>KREDITANSTALT FUER WIEDERAUFBAU</name>
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        <title>Kreditanstalt fuer Wiederaufbau 4.375%, Due 02/28/2034</title>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NHP Foundation</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NATIONAL COMMUNITY RENAISSANCE OF CALIFORNIA</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NATIONAL FIN AUTH N H</name>
        <lei>N/A</lei>
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          <isin value="US63607YCG35"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NATIONAL FINANCE AUTHORITY (NH)</name>
        <lei>N/A</lei>
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          <isin value="US63609FAC32"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>NATIONAL FUEL GAS COMPANY</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>National Fuel Gas Company 5.05%, Due 10/15/2031</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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        <name>NATIONAL FUEL GAS COMPANY</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2019-MILE</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NATWEST GROUP PLC</name>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK (NY), CITY OF</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY HOUSING DEVELOPMENT CORP (NY)</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST ENERGY RESH &amp; DEV AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>XPLR INFRASTRUCTURE OPERATING PARTNERS LP</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NYC COMMERCIAL MORTGAGE TRUST 2025-300P</name>
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        <cusip>67121TAG4</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>OAKLAND (CA), CITY OF</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>City of Oakland CA 4.176%, Due 07/15/2029</title>
        <cusip>672240ZK7</cusip>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>OCCIDENTAL PETROLEUM CORP</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <cusip>674599EM3</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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        <name>OMNIS FUNDING TRUST</name>
        <lei>N/A</lei>
        <title>Omnis Funding Trust 6.722%, Due 05/15/2055</title>
        <cusip>68218WAA2</cusip>
        <identifiers>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ONE BRYANT PARK TRUST 2019-OBP</name>
        <lei>N/A</lei>
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        <cusip>68236JAA9</cusip>
        <identifiers>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.51641000</annualizedRt>
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        <name>ONE MARKET PLAZA TRUST 2017-1MKT</name>
        <lei>N/A</lei>
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        <cusip>68245HAA2</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>OREGON (OR), STATE OF</name>
        <lei>549300R5SUGZRD8KP359</lei>
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        <cusip>68609UNU5</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.83200000</annualizedRt>
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        <name>PACIFIC GAS &amp; ELECTRIC COMPANY</name>
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        <title>Pacific Gas and Electric Company 6.7%, Due 04/01/2053</title>
        <cusip>694308KK2</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
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        <name>PATTERSON-UTI ENERGY INC</name>
        <lei>254900XGFBKIXD6G0697</lei>
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        <cusip>703481AE1</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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        <name>PEPSICO INC</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
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        <cusip>713448FM5</cusip>
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        <curCd>USD</curCd>
        <valUSD>1067982.40000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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        <name>PG&amp;E RECOVERY FUNDING LLC</name>
        <lei>N/A</lei>
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        <cusip>71710TAG3</cusip>
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        <valUSD>875385.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.83800000</annualizedRt>
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        <name>PHILADELPHIA REDEVELOPMENT AUTHORITY (PA)</name>
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        <title>Redevelopment Authority of the City of Philadelphia</title>
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        <curCd>USD</curCd>
        <valUSD>993965.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.22600000</annualizedRt>
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        <name>PHILADELPHIA PA REDEV AUTH</name>
        <lei>N/A</lei>
        <title>Redevelopment Authority of the City of Philadelphia</title>
        <cusip>717868KK8</cusip>
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        <curCd>USD</curCd>
        <valUSD>494372.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.13200000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>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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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>QTS FAYETTEVILLE I DC1-2 LLC / QTS TRS FAYETTEVILLE I DCI-2 LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>QUEBEC, PROVINCE OF - DIRECTION DE L'EMISSION DES EMPRUNTS MINISTRE DES FINANCES</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RWE FINANCE US LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SLG OFFICE TRUST COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES 2021-OVA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STWD TRUST 2021-LIH</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SMURFIT WESTROCK FINANCING DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SOLAR STAR FUNDING LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SOUTHERN CALIFORNIA EDISON COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SOUTHERN CALIFORNIA EDISON COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STARWOOD PROPERTY TRUST INC</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <cusip>85571BBF1</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>EQUINOR ASA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SUNRUN JUPITER ISSUER 2022-1 LLC</name>
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        <fairValLevel>N/A</fairValLevel>
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        <name>SWITCH ABS ISSUER LLC</name>
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        <name>TESLA AUTO LEASE TRUST 2024-A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TESLA ELECTRIC VEHICLE TRUST 2023-1</name>
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        <name>TOPAZ SOLAR FARMS LLC</name>
        <lei>N/A</lei>
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        <cusip>89054XAC9</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOTE SHIPHOLDINGS INC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOTALENERGIES CAPITAL SA</name>
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        <invCountry>FR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TOTALENERGIES CAPITAL SA</name>
        <lei>529900QI55ZLJVCMPA71</lei>
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        <invCountry>FR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRINITY RAIL LEASING 2025 LLC</name>
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        <cusip>89657MAA8</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRINITY RAIL LEASING 2022 LLC</name>
        <lei>N/A</lei>
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        <cusip>89657MAC4</cusip>
        <identifiers>
          <isin value="US89657MAC47"/>
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        <curCd>USD</curCd>
        <valUSD>1186662.46000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.35000000</annualizedRt>
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      <invstOrSec>
        <name>TRUSTEES OF DARTMOUTH COLLEGE</name>
        <lei>JVPL1XBV6YI9538FWQ05</lei>
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        <cusip>89837RAE2</cusip>
        <identifiers>
          <isin value="US89837RAE27"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>995640.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.27300000</annualizedRt>
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      <invstOrSec>
        <name>TURKCELL ILETISIM HIZMETLERI AS</name>
        <lei>7890003EX1LTLS2FFL84</lei>
        <title>Turkcell Iletisim Hizmetleri A/S 7.65%, Due 01/24/2032</title>
        <cusip>900111AD7</cusip>
        <identifiers>
          <isin value="US900111AD77"/>
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        <balance>1025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1058826.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>200 PARK FUNDING TRUST</name>
        <lei>N/A</lei>
        <title>200 Park Funding Trust 5.74%, Due 02/15/2055</title>
        <cusip>901928AA9</cusip>
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          <isin value="US901928AA97"/>
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        <balance>975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>958348.12000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.74000000</annualizedRt>
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      <invstOrSec>
        <name>UBS GROUP AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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        <cusip>902613BF4</cusip>
        <identifiers>
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        <balance>625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>673930.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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          <annualizedRt>9.25000000</annualizedRt>
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        <name>USAA CAPITAL CORP</name>
        <lei>5493007XLF4LU3U2W757</lei>
        <title>USAA Capital Corporation 2.125%, Due 05/01/2030</title>
        <cusip>90327QD55</cusip>
        <identifiers>
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        <balance>1000000.00000000</balance>
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        <valUSD>916343.38000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.12500000</annualizedRt>
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        <name>UNILEVER CAPITAL CORP</name>
        <lei>MYF1DAS6G5WY7PRWCU78</lei>
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        <cusip>904764BR7</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>UNITED NATIONS DEVELOPMENT CORP</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note 4.75%, Due 02/15/2056</title>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note 5%, Due 05/15/2046</title>
        <cusip>912810UV8</cusip>
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        <issuerCat>UST</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note 3.875%, Due 04/30/2031</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note 3.75%, Due 04/30/2028</title>
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        <issuerCat>UST</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note 4.125%, Due 04/30/2033</title>
        <cusip>91282CQN4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>N/A</fairValLevel>
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        <name>WALMART INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>N/A</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>WESTERN MIDSTREAM OPERATING LP</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>XPLR INFRASTRUCTURE OPERATING PARTNERS LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>XYLEM INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>YOUNG MEN'S CHRISTIAN ASSOCIATION OF GREATER NEW YORK</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ZIONS BANCORP NA</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ExGen Renewables IV</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Vistra Zero Operating Company</name>
        <lei>N/A</lei>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>HANWHA Q CELLS AMERICAS HOLDINGS CORP</name>
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        <name>BB BLUE FINANCING DAC</name>
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        <name>BB BLUE FINANCING DAC</name>
        <lei>635400ZEZBP91CFF7965</lei>
        <title>BB Blue Financing DAC 4.395%, Due 09/20/2037</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>N/A</fairValLevel>
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        <name>INTER-AMERICAN DEVELOPMENT BANK</name>
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        <name>WLB ASSET VII PTE LTD</name>
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      <ncom:dateSigned>2026-05-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Unified Series Trust</ncom:nameOfApplicant>
      <ncom:signature>Zachary Richmond</ncom:signature>
      <ncom:signerName>Zachary Richmond</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
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  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
