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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG GILT</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
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        <cusip>00002G9U6</cusip>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-313386.10</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG GILT</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>LONG GILT</title>
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        <valUSD>16154.61</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>FBTP Sep 2026</title>
        <cusip>00002IKU6</cusip>
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          <isin value="DE000F3A9ER7"/>
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        <units>NC</units>
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        <pctVal>0.0026933797</pctVal>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>FBTP Sep 2026</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH</name>
        <lei>8NAV47T0Y26Q87Y0QP81</lei>
        <title>RCV 0.00 PAY 0.00 01/02/2031</title>
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          <other otherDesc="In-House" value="2328564191"/>
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        <units>OU</units>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <derivativeInfo>
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      <invstOrSec>
        <name>JP MORGAN CHASE BANK NA</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>BANK OF AMERICA</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>7245000NHIQTPK869X55</lei>
        <title>RCV 0.00 PAY 0.00 01/02/2031</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>7245000NHIQTPK869X55</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
        <title>RCV 100.00 PAY 5.00 12/20/2030</title>
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          <other otherDesc="In-House" value="2437426481"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>JP MORGAN CHASE BANK NA</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
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        <fairValLevel>2</fairValLevel>
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        <lei>7H6GLXDRUGQFU57RNE97</lei>
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        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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      <invstOrSec>
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        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 1.00 PAY 100.00 06/20/2031</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
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        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
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          <other otherDesc="In-House" value="AA9N92HSU"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>RCV 1.00 PAY 100.00 06/20/2031</title>
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        <fairValLevel>2</fairValLevel>
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        <name>DEUTSCHE BANK</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
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      <invstOrSec>
        <name>CITIBANK</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>RCNB6OTYUAMMP879YW96</lei>
        <title>RCV 1.00 PAY 100.00 06/20/2036</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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            <upfrontRcpt>-26397.160000000000</upfrontRcpt>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>RCNB6OTYUAMMP879YW96</lei>
        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9N8VHVU"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
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            <descRefInstrmnt>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS BANK INTL</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>RCV 5.00 PAY 100.00 06/20/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2399252921"/>
        </identifiers>
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        <units>OU</units>
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        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
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              <counterpartyName>BARCLAYS BANK INTL</counterpartyName>
              <counterpartyLei>G5GSEF7VJP5I7OUK5573</counterpartyLei>
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            <descRefInstrmnt>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS BANK INTL</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2396095821"/>
        </identifiers>
        <balance>11813.7999999999</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
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              <counterpartyName>BARCLAYS BANK INTL</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <curCd>USD</curCd>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS BANK INTL</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2396049516"/>
        </identifiers>
        <balance>17762.5499999999</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-21890.2799999999</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
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              <counterpartyName>BARCLAYS BANK INTL</counterpartyName>
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            <descRefInstrmnt>
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            <swapFlag>Y</swapFlag>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS BANK INTL</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2396074242"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9N8UR9U"/>
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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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
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          <other otherDesc="In-House" value="AA9N8US2U"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 0.00 PAY 0.00 07/28/2053</title>
        <cusip>N/A</cusip>
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          <other otherDesc="In-House" value="AA9N6SB5U"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-28</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 0.00 PAY 0.00 07/28/2053</title>
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          <other otherDesc="In-House" value="AA9N6TU7U"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-28</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FORD MOTOR CREDIT COMPANY 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>HSBC HOLDINGS PLC</name>
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        <fairValLevel>2</fairValLevel>
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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>KRAFT HEINZ FOODS COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2022-NQM1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SOCIETE GENERALE SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STANDARD CHARTERED PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS GROUP AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <title>T 3.5 09/30/29</title>
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        <name>VIATRIS INC</name>
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        <title>VTRS 4 06/22/50</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CANADA, HER MAJESTY IN RIGHT OF - DEPARTMENT OF FINANCE</name>
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        <title>CAN 2.5 05/01/28</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>INVERSIONES CMPC SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LLOYDS BANKING GROUP PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY</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>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BUNDESREPUBLIK DEUTSCHLAND - BUNDESMINISTERIUM DER FINANZEN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP PARIBAS SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP PARIBAS SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BANCO SANTANDER SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DEUTSCHE BANK AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CREDIT AGRICOLE SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BANCO SANTANDER SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF MONTREAL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARKEMA SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RLGH FINANCE BERMUDA LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JAPAN, GOVERNMENT OF - MINISTRY OF FINANCE</name>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>POLAND, REPUBLIC OF - STATE TREASURY</name>
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        <cusip>X8T02EDK6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW ZEALAND, HER MAJESTY THE QUEEN IN RIGHT OF - DEBT MANAGEMENT OFFICE OF THE TREASURY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FINLAND, REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <cusip>X27717MY4</cusip>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF MONTREAL</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BACR V5.501 08/09/28</title>
        <cusip>06738EBY0</cusip>
        <identifiers>
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          <ticker value="BACR"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>201774.33</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.501000000000</annualizedRt>
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      <invstOrSec>
        <name>INTESA SANPAOLO SPA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>ISPIM V9.125 PERP</title>
        <cusip>T5R13TRW2</cusip>
        <identifiers>
          <isin value="XS2678939427"/>
          <ticker value="ISPIM"/>
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        <balance>500000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.125000000000</annualizedRt>
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      <invstOrSec>
        <name>TOYOTA MOTOR FINANCE (NETHERLANDS) BV</name>
        <lei>724500OPA8GZSQUNSR96</lei>
        <title>TOYOTA 3.125 04/21/28 EMTN</title>
        <cusip>N87618ZS1</cusip>
        <identifiers>
          <isin value="XS2972972017"/>
          <ticker value="TOYOTA"/>
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        <balance>1500000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <pctVal>0.2317498322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.125000000000</annualizedRt>
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      <invstOrSec>
        <name>BLACKSTONE PRIVATE CREDIT FUND</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>BCRED 6.25 01/25/31</title>
        <cusip>09261HBG1</cusip>
        <identifiers>
          <isin value="US09261HBG11"/>
          <ticker value="BCRED"/>
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        <balance>453000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>453352.55</valUSD>
        <pctVal>0.0611713538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>BLACKSTONE PRIVATE CREDIT FUND</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>BCRED 5.35 03/12/31</title>
        <cusip>09261HBZ9</cusip>
        <identifiers>
          <isin value="US09261HBZ91"/>
          <ticker value="BCRED"/>
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        <balance>402000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>386520.76</valUSD>
        <pctVal>0.0521536676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.350000000000</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>BNP PARIBAS SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP V1.904 09/30/28 144A</title>
        <cusip>09659W2M5</cusip>
        <identifiers>
          <isin value="US09659W2M50"/>
          <ticker value="BNP"/>
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        <balance>200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>193481.55</valUSD>
        <pctVal>0.0261066765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.904000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BROWN &amp; BROWN INC</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>BRO 5.65 06/11/34</title>
        <cusip>115236AG6</cusip>
        <identifiers>
          <isin value="US115236AG61"/>
          <ticker value="BRO"/>
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        <balance>300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>303895.97</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>2034-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.650000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F022675</cusip>
        <identifiers>
          <isin value="US01F0226757"/>
          <ticker value="FNMA"/>
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        <balance>7310000</balance>
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        <curCd>USD</curCd>
        <valUSD>6106705.25</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F030678</cusip>
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          <isin value="US01F0306781"/>
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        <balance>6290000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5483111</valUSD>
        <pctVal>0.7398421453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BROWN &amp; BROWN INC</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>BRO 5.25 06/23/32</title>
        <cusip>115236AL5</cusip>
        <identifiers>
          <isin value="US115236AL56"/>
          <ticker value="BRO"/>
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        <balance>210000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>210210.91</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>2032-06-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CANADA, HER MAJESTY IN RIGHT OF - DEPARTMENT OF FINANCE</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>CAN 2.75 12/01/55</title>
        <cusip>135087P99</cusip>
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          <isin value="CA135087P998"/>
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        <currencyConditional curCd="CAD" exchangeRt="0.705094"/>
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        <pctVal>0.1155472272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>CM V4.243 09/08/28</title>
        <cusip>13607QFD9</cusip>
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          <isin value="US13607QFD97"/>
          <ticker value="CM"/>
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        <balance>170000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>169447.91</valUSD>
        <pctVal>0.0228637912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.243000000000</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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        <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>CITIGROUP INC</name>
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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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CREDIT AGRICOLE SA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>AUTONATION FINANCE TRUST 2025-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC</name>
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        <name>AVOLON HOLDINGS FUNDING LTD</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BPCE SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BALLYROCK CLO 24 LTD</name>
        <lei>254900B0CDDYIJW8YL36</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HEATHROW FUNDING LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <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>IDS FINANCING PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHILE, REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF NOVA SCOTIA (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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        <name>BANCO SANTANDER SA</name>
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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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        <name>ENT AUTO RECEIVABLES TRUST 2023-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>META PLATFORMS INC</name>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF MONTREAL</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BACR V2.279 11/24/27</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FOUNDRY JV HOLDCO LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SB8505</title>
        <cusip>3132D6NW6</cusip>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SC0886</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BACR V7.385 11/02/28</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BROWN &amp; BROWN INC</name>
        <lei>549300PC8KTJ71XKFY89</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>COLT 2023-2 MORTGAGE LOAN TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATION OPERATING CAPITAL CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TRINITY RAIL LEASING 2020 LLC</name>
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        <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>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MERCHANTS FLEET FUNDING LLC</name>
        <lei>254900Z2OOQUA5IN2X83</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ONTARIO (ON), PROVINCE OF - ONTARIO FINANCIAL AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATION OPERATING CAPITAL CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CONSTELLATION ENERGY GENERATION LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION REMIC TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS GROUP AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DNB BANK ASA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>META PLATFORMS INC</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN BANKS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WEA FINANCE LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <title>FR RA6565</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>FN CB9205</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SA0142</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>COLT 2023-4 MORTGAGE LOAN TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</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>UNITED KINGDOM - THE LORD COMMISSIONERS OF HER MAJESTY'S TREASURY DEBT MANAGEMENT OFFICE</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>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FRANCE, REPUBLIC OF - MINISTERE DE L'ECONOMIE, DES FINANCES ET DE L'INDUSTRIE</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BUNDESREPUBLIK DEUTSCHLAND - BUNDESMINISTERIUM DER FINANZEN</name>
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          <ticker value="BKO"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FOUNDRY JV HOLDCO LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GFL ENVIRONMENTAL INC</name>
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        <title>GFLCN 6.75 01/15/31 144A</title>
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          <isin value="US36168QAQ73"/>
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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>
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          <maturityDt>2031-01-15</maturityDt>
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      <invstOrSec>
        <name>JAPAN, GOVERNMENT OF - MINISTRY OF FINANCE</name>
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          <isin value="JP1300691M16"/>
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        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>MINISTERO DELL'ECONOMIA E DELLE FINANZE - DIPARTIMENTO DEL TESORO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLP CAPITAL LP / GLP FINANCING II INC</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC (THE)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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          <isin value="US38141GC779"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HAZINE MUSTESARLIGI VARLIK KIRALAMA AS</name>
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          <isin value="US421790AP11"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INTEL CORP</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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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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        <name>HUNTINGTON BANCSHARES INC</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>HBAN V5.605 01/28/41</title>
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        <fairValLevel>2</fairValLevel>
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        <name>JAPAN, GOVERNMENT OF - MINISTRY OF FINANCE</name>
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        <title>JGB 1.6 12/20/53 81</title>
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        <fairValLevel>2</fairValLevel>
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        <name>JT INTERNATIONAL FINANCIAL SERVICES BV</name>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>P3 GROUP SARL</name>
        <lei>529900GR62MT0O5VW110</lei>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SOUTH KOREA, REPUBLIC OF - MINISTRY OF ECONOMY AND FINANCE</name>
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        <cusip>Y7277FV80</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>AUTOSTRADE PER L'ITALIA SPA</name>
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        <cusip>T0R553AP2</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>FOUNDRY JV HOLDCO LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PNC FINANCIAL SERVICES GROUP INC (THE)</name>
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      <invstOrSec>
        <name>UBS GROUP AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHILE, REPUBLIC OF - MINISTRY OF FINANCE</name>
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          <isin value="CL0002454248"/>
          <ticker value="CHILE"/>
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        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THAILAND, KINGDOM OF - MINISTRY OF FINANCE</name>
        <lei>254900PHJ6MSKT6C7026</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>USB V4.548 07/22/28 MTN</title>
        <cusip>91159HJF8</cusip>
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          <isin value="US91159HJF82"/>
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        <curCd>USD</curCd>
        <valUSD>170025.06</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4 11/15/35</title>
        <cusip>91282CPJ4</cusip>
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          <isin value="US91282CPJ44"/>
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        <balance>2800000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONEMAIN FINANCIAL ISSUANCE TRUST 2014-2</name>
        <lei>N/A</lei>
        <title>OMFIT 2020-2A A</title>
        <cusip>682696AA7</cusip>
        <identifiers>
          <isin value="US682696AA77"/>
          <ticker value="OMFIT"/>
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        <balance>420261.41</balance>
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        <curCd>USD</curCd>
        <valUSD>415598.91</valUSD>
        <pctVal>0.0560772140</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 3.65 03/25/41</title>
        <cusip>68389XBZ7</cusip>
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          <isin value="US68389XBZ78"/>
          <ticker value="ORCL"/>
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        <balance>1074000</balance>
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        <curCd>USD</curCd>
        <valUSD>771244.69</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.650000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 5.95 09/26/55</title>
        <cusip>68389XDR3</cusip>
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        <curCd>USD</curCd>
        <valUSD>499693.1</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 6.85 02/04/66</title>
        <cusip>68389XEC5</cusip>
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        <balance>550000</balance>
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        <valUSD>511933.22</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ITRAXX EUROPE SERIES 45</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N8MLL1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CDX.NA.IG.46</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PG&amp;E CORP</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PCG V6.85 09/15/56</title>
        <cusip>69331CAN8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>PACIFIC GAS &amp; ELECTRIC COMPANY</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PACIFIC GAS &amp; ELECTRIC COMPANY</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 6 05/01/56</title>
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        <fairValLevel>2</fairValLevel>
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        <name>VOLKSWAGEN INTERNATIONAL FINANCE NV</name>
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        <name>BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>10.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Mosaic Solar Loan Trust 2023-2</name>
        <lei>N/A</lei>
        <title>MSAIC 2023-2A A</title>
        <cusip>61945WAA7</cusip>
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          <isin value="US61945WAA71"/>
          <ticker value="MSAIC"/>
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        <curCd>USD</curCd>
        <valUSD>181113.06</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NATIONWIDE BUILDING SOCIETY</name>
        <lei>549300XFX12G42QIKN82</lei>
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        <curCd>USD</curCd>
        <valUSD>197964.88</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BAKER HUGHES HOLDINGS LLC / BAKER HUGHES CO-OBLIGOR INC</name>
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        <title>BHI 3.812 03/11/34</title>
        <cusip>05724BAF6</cusip>
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          <isin value="XS3303590056"/>
          <ticker value="BHI"/>
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        <balance>291000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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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>2034-03-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.812000000000</annualizedRt>
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      <invstOrSec>
        <name>RWE FINANCE US LLC</name>
        <lei>529900J7MYLKI84UP772</lei>
        <title>RWE 5.875 04/16/34 144A</title>
        <cusip>749983AA0</cusip>
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          <isin value="US749983AA01"/>
          <ticker value="RWE"/>
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        <balance>460000</balance>
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        <curCd>USD</curCd>
        <valUSD>473659.12</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>2034-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NATWEST GROUP PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NWG V3.073 05/22/28</title>
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          <isin value="US780097BP50"/>
          <ticker value="NWG"/>
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        <curCd>USD</curCd>
        <valUSD>394906.44</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.073000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SIERRA PACIFIC POWER COMPANY</name>
        <lei>QB888G5GSVGE1LD1WV84</lei>
        <title>BRKHEC V6.375 09/15/56</title>
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          <isin value="US826418BS35"/>
          <ticker value="BRKHEC"/>
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        <curCd>USD</curCd>
        <valUSD>1654690.13</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>2056-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.375000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOCIETE GENERALE SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCGEN V5.519 01/19/28 144A</title>
        <cusip>83368RBV3</cusip>
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          <isin value="US83368RBV33"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>200973.66</valUSD>
        <pctVal>0.0271175951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.519000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPIRE INC (US)</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SR V6.25 06/01/56</title>
        <cusip>84857LAD3</cusip>
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          <isin value="US84857LAD38"/>
          <ticker value="SR"/>
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        <curCd>USD</curCd>
        <valUSD>204206.6</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>2056-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
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      <invstOrSec>
        <name>SUNNOVA HESTIA I ISSUER LLC</name>
        <lei>N/A</lei>
        <title>SNVA 2023-GRID1 1A</title>
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          <ticker value="SNVA"/>
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        <curCd>USD</curCd>
        <valUSD>82497.01</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TAKE-TWO INTERACTIVE SOFTWARE INC</name>
        <lei>BOMSTHHJK882EWYX3334</lei>
        <title>TTWO 5.6 06/12/34</title>
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        <curCd>USD</curCd>
        <valUSD>143231.59</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>
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      <invstOrSec>
        <name>TEXTAINER MARINE CONTAINERS VII LTD</name>
        <lei>549300X48KLHDDGPK024</lei>
        <title>TMCL 2021-1A A</title>
        <cusip>88315LAL2</cusip>
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          <isin value="US88315LAL27"/>
          <ticker value="TMCL"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO</name>
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        <cusip>91087BBK5</cusip>
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        <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>
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        <title>T 1.125 05/15/40</title>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 5 05/15/56</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NATWEST GROUP PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NWG V5.583 03/01/28</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>OBX 2025-NQM18 TRUST</name>
        <lei>254900JLM1WC0WGYCA96</lei>
        <title>OBX 2025-NQM18 A1</title>
        <cusip>673918AC2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>OCTAGON 61 LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ORACLE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CZECH, REPUBLIC - MINISTRY OF FINANCE</name>
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        <invCountry>CZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BANCO SANTANDER SA</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.25 05/15/35</title>
        <cusip>91282CNC1</cusip>
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          <isin value="US91282CNC19"/>
          <ticker value="T"/>
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        <curCd>USD</curCd>
        <valUSD>6176269.5</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.25 08/15/35</title>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 5.7 02/04/36</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PNC FINANCIAL SERVICES GROUP INC (THE)</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>RENAULT SA</name>
        <lei>969500F7JLTX36OUI695</lei>
        <title>RENAUL 3.875 09/30/30 EMTn</title>
        <cusip>F77098UJ2</cusip>
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          <isin value="FR0014010DR1"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>VOLKSWAGEN INTERNATIONAL FINANCE NV</name>
        <lei>5299004PWNHKYTR23649</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>VERTIV HOLDINGS COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VERTIV HOLDINGS COMPANY</name>
        <lei>549300KTTIRAOGXCRV69</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PFIZER INVESTMENT ENTERPRISES PTE LTD</name>
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        <invCountry>SG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>POSCO</name>
        <lei>9884000N94NH7G6LQ816</lei>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PUGET ENERGY INC</name>
        <lei>SYBSJ96YIDMIUY7WDR33</lei>
        <title>PSD V7 09/15/56</title>
        <cusip>745310AS1</cusip>
        <identifiers>
          <isin value="US745310AS11"/>
          <ticker value="PSD"/>
        </identifiers>
        <balance>240000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>242622.95</valUSD>
        <pctVal>0.0327373792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BUNDESREPUBLIK DEUTSCHLAND - BUNDESMINISTERIUM DER FINANZEN</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>DBR 4.75 07/04/34</title>
        <cusip>D20658UR5</cusip>
        <identifiers>
          <isin value="DE0001135226"/>
          <ticker value="BKO"/>
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        <balance>290000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <pctVal>0.0510962369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CDX.NA.IG.46</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N8FG51</cusip>
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          <other otherDesc="In-House" value="AA9N8FG51"/>
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        <curCd>USD</curCd>
        <valUSD>-188.39</valUSD>
        <pctVal>-0.0000254197</pctVal>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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            <putOrCall>Put</putOrCall>
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                <issuerName>CDX SWAPTIONS</issuerName>
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            <shareNo>-33050000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>26284.66</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 45</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N8MMJ1</cusip>
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          <other otherDesc="In-House" value="AA9N8MMJ1"/>
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        <balance>-23200000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1677.97</valUSD>
        <pctVal>-0.0002264103</pctVal>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO LLC</counterpartyName>
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            <putOrCall>Put</putOrCall>
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                <issuerName>CDX SWAPTIONS</issuerName>
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                  <cusip value="N/A"/>
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            <shareNo>-23200000</shareNo>
            <exercisePrice>0.675000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-07-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>30728.34</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REGATTA XXV FUNDING LTD</name>
        <lei>N/A</lei>
        <title>REG25 2023-1A A1R</title>
        <cusip>758978AL4</cusip>
        <identifiers>
          <isin value="US758978AL48"/>
          <ticker value="REG25"/>
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        <balance>575000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>575778.56</valUSD>
        <pctVal>0.0776904289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>REPSOL E&amp;P CAPITAL MARKETS US LLC</name>
        <lei>894500D0J12FRZ3Q0M15</lei>
        <title>REPSEP 5.976 09/16/35 144A</title>
        <cusip>76026AAC1</cusip>
        <identifiers>
          <isin value="US76026AAC18"/>
          <ticker value="REPSEP"/>
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        <balance>400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>407930.4</valUSD>
        <pctVal>0.0550424936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.976000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 45</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N8QF11</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9N8QF11"/>
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        <balance>-22650000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-70400.82</valUSD>
        <pctVal>-0.0094992594</pctVal>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>CITIBANK N A</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CDX SWAPTIONS</issuerName>
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                <identifiers>
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            </descRefInstrmnt>
            <shareNo>-22650000</shareNo>
            <exercisePrice>0.575000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-07-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-37507.6</unrealizedAppr>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CDX.NA.IG.46</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N8RST1</cusip>
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          <other otherDesc="In-House" value="AA9N8RST1"/>
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        <balance>-32300000</balance>
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        <pctVal>-0.0005238646</pctVal>
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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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <derivativeInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>35426.64</unrealizedAppr>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 45</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N8RTY1</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9N8RTY1"/>
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        <balance>4650000</balance>
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        <curCd>USD</curCd>
        <valUSD>1175.79</valUSD>
        <pctVal>0.0001586506</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
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            <shareNo>4650000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-43639.97</unrealizedAppr>
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      <invstOrSec>
        <name>CDX.NA.IG.45</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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            <delta>XXXX</delta>
            <unrealizedAppr>33845.49</unrealizedAppr>
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      <invstOrSec>
        <name>NEW SOUTH WALES TREASURY CORP</name>
        <lei>TC7LRO17HPNPLTAV0H77</lei>
        <title>NSWTC 4.75 02/20/37</title>
        <cusip>Q6715QNE3</cusip>
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        <pctVal>0.1360768239</pctVal>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>QUEENSLAND TREASURY CORP</name>
        <lei>98INKCEEHOU5YJS0HQ88</lei>
        <title>QTC 5.25 08/13/38</title>
        <cusip>Q7944UJA8</cusip>
        <identifiers>
          <isin value="AU3SG0003221"/>
          <ticker value="QTC"/>
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        <balance>1380000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.692348"/>
        <valUSD>928611.69</valUSD>
        <pctVal>0.1252985878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</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>ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMGB 6.75 04/25/35 11Y</title>
        <cusip>X5S007PG6</cusip>
        <identifiers>
          <isin value="RODFIUK7ZV55"/>
          <ticker value="ROMANI"/>
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        <balance>1200000</balance>
        <units>NS</units>
        <currencyConditional curCd="RON" exchangeRt="0.218093"/>
        <valUSD>261755.38</valUSD>
        <pctVal>0.0353189388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>UNITED KINGDOM - THE LORD COMMISSIONERS OF HER MAJESTY'S TREASURY DEBT MANAGEMENT OFFICE</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DEUTSCHE BAHN AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DEUTSCHE BANK AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BUNDESREPUBLIK DEUTSCHLAND - BUNDESMINISTERIUM DER FINANZEN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BUNDESREPUBLIK DEUTSCHLAND - BUNDESMINISTERIUM DER FINANZEN</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BUNDESREPUBLIK DEUTSCHLAND - BUNDESMINISTERIUM DER FINANZEN</name>
        <lei>529900AQBND3S6YJLY83</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <title>T 4.625 11/15/55</title>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FRANCE, REPUBLIC OF - MINISTERE DE L'ECONOMIE, DES FINANCES ET DE L'INDUSTRIE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FRANCE, REPUBLIC OF - MINISTERE DE L'ECONOMIE, DES FINANCES ET DE L'INDUSTRIE</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>INDIGO GROUP SAS</name>
        <lei>213800H5J9NKEXSUQX44</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.5 02/15/33</title>
        <cusip>91282CGM7</cusip>
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          <isin value="US91282CGM73"/>
          <ticker value="T"/>
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        <curCd>USD</curCd>
        <valUSD>3568339.75</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.625 02/15/35</title>
        <cusip>91282CMM0</cusip>
        <identifiers>
          <isin value="US91282CMM00"/>
          <ticker value="T"/>
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        <curCd>USD</curCd>
        <valUSD>3352336</valUSD>
        <pctVal>0.4523343514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BACR V3.941 01/31/36</title>
        <cusip>G0809LJR1</cusip>
        <identifiers>
          <isin value="XS2931242569"/>
          <ticker value="BACR"/>
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        <balance>560000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.941000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CADENT FINANCE PLC</name>
        <lei>5493005M8TJ0J6IMUF67</lei>
        <title>CDTFIN 3.75 04/16/33 EMTN</title>
        <cusip>G1746KAY1</cusip>
        <identifiers>
          <isin value="XS2801122917"/>
          <ticker value="CDTFIN"/>
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        <balance>540000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <pctVal>0.0835106733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.125 02/28/27</title>
        <cusip>91282CMP3</cusip>
        <identifiers>
          <isin value="US91282CMP31"/>
          <ticker value="T"/>
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        <balance>2975000</balance>
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        <curCd>USD</curCd>
        <valUSD>2977001.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.75 04/30/27</title>
        <cusip>91282CMY4</cusip>
        <identifiers>
          <isin value="US91282CMY48"/>
          <ticker value="T"/>
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        <balance>34292000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34200911</valUSD>
        <pctVal>4.6147662094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.875 04/30/30</title>
        <cusip>91282CMZ1</cusip>
        <identifiers>
          <isin value="US91282CMZ13"/>
          <ticker value="T"/>
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        <balance>684000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>676598.94</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.875 07/31/27</title>
        <cusip>91282CNP2</cusip>
        <identifiers>
          <isin value="US91282CNP22"/>
          <ticker value="T"/>
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        <balance>400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>398859.38</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.625 09/30/30</title>
        <cusip>91282CPA3</cusip>
        <identifiers>
          <isin value="US91282CPA35"/>
          <ticker value="T"/>
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        <balance>2120000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2073293.76</valUSD>
        <pctVal>0.2797517875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>WEA FINANCE LLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>URWFP 2.875 01/15/27 144A</title>
        <cusip>92928QAH1</cusip>
        <identifiers>
          <isin value="US92928QAH11"/>
          <ticker value="URWFP"/>
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        <balance>683000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>676425.78</valUSD>
        <pctVal>0.0912708680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V3.526 03/24/28 MTN</title>
        <cusip>95000U2V4</cusip>
        <identifiers>
          <isin value="US95000U2V48"/>
          <ticker value="WFC"/>
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        <balance>275000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>272985.44</valUSD>
        <pctVal>0.0368342230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.526000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V4.9 01/24/28 W</title>
        <cusip>95000U3R2</cusip>
        <identifiers>
          <isin value="US95000U3R27"/>
          <ticker value="WFC"/>
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        <balance>270000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>270611.53</valUSD>
        <pctVal>0.0365139088</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.900000000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>UNITED KINGDOM - THE LORD COMMISSIONERS OF HER MAJESTY'S TREASURY DEBT MANAGEMENT OFFICE</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 1.5 07/31/53</title>
        <cusip>G4527HWA5</cusip>
        <identifiers>
          <isin value="GB00BM8Z2V59"/>
          <ticker value="UKIN"/>
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        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.326453"/>
        <valUSD>6231838.28</valUSD>
        <pctVal>0.8408687335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</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>INFORMA PLC</name>
        <lei>5493006VM2LKUPSEDU20</lei>
        <title>INFLN 3.25 10/23/30 EMTN</title>
        <cusip>G4770LBC9</cusip>
        <identifiers>
          <isin value="XS2919102207"/>
          <ticker value="INFLN"/>
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        <balance>500000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
        <valUSD>567456.19</valUSD>
        <pctVal>0.0765674824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WESTERN ALLIANCE BANK</name>
        <lei>SI7YQSVPFZBSQ878IC17</lei>
        <title>WAL V6.537 11/15/35</title>
        <cusip>95758BCL1</cusip>
        <identifiers>
          <isin value="US95758BCL18"/>
          <ticker value="WAL"/>
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        <balance>590000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>585893.63</valUSD>
        <pctVal>0.0790552663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.537000000000</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>VOLKSBANK WIEN AG</name>
        <lei>529900D4CD6DIB3CI904</lei>
        <title>VOWIBA V5.75 06/21/34</title>
        <cusip>A9092GBQ5</cusip>
        <identifiers>
          <isin value="AT000B122270"/>
          <ticker value="VOWIBA"/>
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        <balance>200000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
        <valUSD>236246.5</valUSD>
        <pctVal>0.0318769978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</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>VODAFONE GROUP PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VOD V4.625 09/12/55 EMTN</title>
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        <name>HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE</name>
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      <invstOrSec>
        <name>BANQUE FEDERATIVE DU CREDIT MUTUEL SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
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        <cusip>F07337UJ9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>FRANCE, REPUBLIC OF - MINISTERE DE L'ECONOMIE, DES FINANCES ET DE L'INDUSTRIE</name>
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        <cusip>F26348BQ8</cusip>
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          <isin value="FR001400H7V7"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FRANCE, REPUBLIC OF - MINISTERE DE L'ECONOMIE, DES FINANCES ET DE L'INDUSTRIE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO</name>
        <lei>254900STKLK2DBJJZ530</lei>
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        <cusip>P87324BE1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>PERUGB 6.15 08/12/32</title>
        <cusip>P6S32DDY6</cusip>
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        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-12</maturityDt>
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      <invstOrSec>
        <name>ELECTRICITE DE FRANCE SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF 2 12/09/49 EMTN</title>
        <cusip>F4065QLG3</cusip>
        <identifiers>
          <isin value="FR0013465424"/>
          <ticker value="EDF"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUEZ SA</name>
        <lei>5493007LKZ37MXEN5D79</lei>
        <title>SUEZFP 5 11/03/32 EMTN</title>
        <cusip>F9155XNJ0</cusip>
        <identifiers>
          <isin value="FR001400DQ92"/>
          <ticker value="VIEFP"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENGIE SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>ENGIFP 4.5 09/06/42 EMTN</title>
        <cusip>F3R09S2F4</cusip>
        <identifiers>
          <isin value="FR001400KHI6"/>
          <ticker value="ENGIFP"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BACR V9.25 PERP</title>
        <cusip>G0809LJC4</cusip>
        <identifiers>
          <isin value="XS2591803841"/>
          <ticker value="BACR"/>
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        <balance>320000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="1.326453"/>
        <valUSD>450994.19</valUSD>
        <pctVal>0.0608531378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW SOUTH WALES TREASURY CORP</name>
        <lei>TC7LRO17HPNPLTAV0H77</lei>
        <title>NSWTC 4.25 02/20/36</title>
        <cusip>Q6715QJL2</cusip>
        <identifiers>
          <isin value="AU3SG0002728"/>
          <ticker value="NSWTC"/>
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        <currencyConditional curCd="AUD" exchangeRt="0.692348"/>
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        <pctVal>0.0912765486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ASTM SPA</name>
        <lei>8156003F2286CFA55E20</lei>
        <title>ATIM 2.375 11/25/33 EMTN</title>
        <cusip>T0510NAB7</cusip>
        <identifiers>
          <isin value="XS2412267788"/>
          <ticker value="ATIM"/>
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        <balance>600000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
        <valUSD>620894.63</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.375000000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC V3.911 05/13/34 EMTN</title>
        <cusip>G4634UU34</cusip>
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          <isin value="XS3069291782"/>
          <ticker value="HSBC"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>YORKSHIRE WATER FINANCE PLC</name>
        <lei>213800O8BDOGHJMTCP32</lei>
        <title>KEL 6.6011 04/17/31 .</title>
        <cusip>G98590AD7</cusip>
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          <isin value="XS0439817577"/>
          <ticker value="KEL"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNITED KINGDOM - THE LORD COMMISSIONERS OF HER MAJESTY'S TREASURY DEBT MANAGEMENT OFFICE</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 5.375 01/31/56</title>
        <cusip>G4527HR45</cusip>
        <identifiers>
          <isin value="GB00BT7J0241"/>
          <ticker value="UKIN"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>UNITED KINGDOM - THE LORD COMMISSIONERS OF HER MAJESTY'S TREASURY DEBT MANAGEMENT OFFICE</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 5.25 01/31/41</title>
        <cusip>G4527HU33</cusip>
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          <isin value="GB00BVP99897"/>
          <ticker value="UKIN"/>
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        <valUSD>3076927.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINISTERO DELL'ECONOMIA E DELLE FINANZE - DIPARTIMENTO DEL TESORO</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 2.15 03/01/72 50Y</title>
        <cusip>T6052BZK7</cusip>
        <identifiers>
          <isin value="IT0005441883"/>
          <ticker value="ITALY"/>
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        <balance>699000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
        <valUSD>477756.76</valUSD>
        <pctVal>0.0644642405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2072-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.150000000000</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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        <name>MORGAN STANLEY</name>
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        <name>ONCOR ELECTRIC DELIVERY COMPANY LLC</name>
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        <name>HELLENIC REPUBLIC - MINISTRY OF FINANCE GENERAL ACCOUNTING OFFICE PUBLIC DEBT DIVISION</name>
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        <name>IRELAND, REPUBLIC OF - NATIONAL TREASURY MANAGEMENT AGENCY</name>
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        <name>MINISTERO DELL'ECONOMIA E DELLE FINANZE - DIPARTIMENTO DEL TESORO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JAPAN, GOVERNMENT OF - MINISTRY OF FINANCE</name>
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        <name>STRYKER CORP</name>
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        <name>DS SMITH PLC</name>
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        <name>JAPAN, GOVERNMENT OF - MINISTRY OF FINANCE</name>
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        <name>EAGLE FUNDING LUXCO SARL</name>
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        <name>UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO</name>
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        <name>COOPERATIEVE RABOBANK UA</name>
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        <name>MEDTRONIC INC</name>
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        <name>COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO</name>
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        <name>UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INFINEON TECHNOLOGIES AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW SOUTH WALES TREASURY CORP</name>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
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        <name>AMAZON.COM INC</name>
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        <name>SOUTH EASTERN POWER NETWORKS PLC</name>
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        <name>BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MALAYSIA, FEDERATION OF</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHINA, PEOPLE'S REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOUTH KOREA, REPUBLIC OF - MINISTRY OF ECONOMY AND FINANCE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOUTH KOREA, REPUBLIC OF - MINISTRY OF ECONOMY AND FINANCE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW SOUTH WALES TREASURY CORP</name>
        <lei>TC7LRO17HPNPLTAV0H77</lei>
        <title>NSWTC 4.75 02/20/35</title>
        <cusip>Q6715QGC5</cusip>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TREASURY CORP OF VICTORIA</name>
        <lei>549300ZJM7BQW1P9UV75</lei>
        <title>TCV 4.75 09/15/36 MTN</title>
        <cusip>Q9194YRJ5</cusip>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ICELAND, REPUBLIC OF - MINISTRY OF FINANCE</name>
        <lei>254900IPCJWRC6XAJN15</lei>
        <title>ICEGB 6.5 02/15/38</title>
        <cusip>X20146CL2</cusip>
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        <invCountry>IS</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>N/A</annualizedRt>
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      <invstOrSec>
        <name>AMCOR UK FINANCE PLC</name>
        <lei>549300DEUV6BE727FP17</lei>
        <title>AMCR 3.95 05/29/32</title>
        <cusip>0234EVAB7</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SINGAPORE, GOVERNMENT OF</name>
        <lei>549300ZSV6VOGFH1ER70</lei>
        <title>SIGB 3.375 09/01/33</title>
        <cusip>V81778CZ9</cusip>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MINISTERO DELL'ECONOMIA E DELLE FINANZE - DIPARTIMENTO DEL TESORO</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 2.15 09/01/52 30Y</title>
        <cusip>T6052BJ90</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>MINISTERO DELL'ECONOMIA E DELLE FINANZE - DIPARTIMENTO DEL TESORO</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 2.45 09/01/50 30Y</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V4.113 04/29/36</title>
        <cusip>U17408FX5</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONAL GRID NORTH AMERICA INC</name>
        <lei>5Q3U0WRKWZZGRMPYFT08</lei>
        <title>NGGLN 4.668 09/12/33 EMTN</title>
        <cusip>U6300AEQ7</cusip>
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          <isin value="XS2680745382"/>
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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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEA FINANCE LLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>URWFP 2.875 01/15/27 REGS</title>
        <cusip>U94303AF8</cusip>
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          <ticker value="URWFP"/>
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        <curCd>USD</curCd>
        <valUSD>274333.72</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <cusip>P9767G4W8</cusip>
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          <ticker value="MEX"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CELLNEX FINANCE COMPANY SAU</name>
        <lei>549300OUROMFTRFA7T23</lei>
        <title>CLNXSM 2 02/15/33 EMTN</title>
        <cusip>E2R41NAB8</cusip>
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          <isin value="XS2300293003"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NORTHUMBRIAN WATER FINANCE PLC</name>
        <lei>213800JTFA6F3S7XX781</lei>
        <title>NWGLN 6.375 10/28/34 EMTN</title>
        <cusip>G6661MAK7</cusip>
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          <isin value="XS2550206333"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GLOBAL PAYMENTS INC</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>GPN 4.875 03/17/31</title>
        <cusip>37940XAS1</cusip>
        <identifiers>
          <isin value="XS2597994065"/>
          <ticker value="GPN"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</annualizedRt>
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      <invstOrSec>
        <name>REALTY INCOME CORP</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>O 5.125 07/06/34</title>
        <cusip>756109BV5</cusip>
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          <isin value="XS2644969698"/>
          <ticker value="O"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000</annualizedRt>
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      <invstOrSec>
        <name>EUROFINS SCIENTIFIC SE</name>
        <lei>529900JEHFM47DYY3S57</lei>
        <title>ERFFP 4.75 09/06/30</title>
        <cusip>L31839CP3</cusip>
        <identifiers>
          <isin value="XS2676883114"/>
          <ticker value="ERFFP"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAYER AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>BAYNGR V7 09/25/83</title>
        <cusip>D0R154AA9</cusip>
        <identifiers>
          <isin value="XS2684846806"/>
          <ticker value="BAYNGR"/>
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        <balance>300000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
        <valUSD>379116.84</valUSD>
        <pctVal>0.0511546486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2083-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</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>ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 5.625 02/22/36 144A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2771480139"/>
          <ticker value="ROMANI"/>
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        <balance>1089000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NORTHUMBRIAN WATER FINANCE PLC</name>
        <lei>213800JTFA6F3S7XX781</lei>
        <title>NWGLN 5.5 10/02/37 EMTN</title>
        <cusip>G6661MAM3</cusip>
        <identifiers>
          <isin value="XS2794482351"/>
          <ticker value="NWGLN"/>
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        <balance>310000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="1.326453"/>
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        <pctVal>0.0521818331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BECTON DICKINSON &amp; COMPANY</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>BDX 3.828 06/07/32</title>
        <cusip>075887CV9</cusip>
        <identifiers>
          <isin value="XS2839004368"/>
          <ticker value="BDX"/>
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        <balance>635000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.828000000000</annualizedRt>
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      <invstOrSec>
        <name>APTIV PLC / APTIV GLOBAL FINANCING DAC</name>
        <lei>N/A</lei>
        <title>APTV 4.25 06/11/36</title>
        <cusip>03837EAA0</cusip>
        <identifiers>
          <isin value="XS2839195877"/>
          <ticker value="APTV"/>
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        <balance>523000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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        <name>WINTERSHALL DEA FINANCE 2 BV</name>
        <lei>529900DV88FUQZSVVL48</lei>
        <title>HBRLN V6.117 PERP REGS</title>
        <cusip>N963A2AC2</cusip>
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          <isin value="XS3066590574"/>
          <ticker value="HBRLN"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.117000000000</annualizedRt>
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      <invstOrSec>
        <name>LONDON POWER NETWORKS PLC</name>
        <lei>213800JDI3GTKPG4XI38</lei>
        <title>UKPONE 3.837 06/11/37 EMTN</title>
        <cusip>G5607DAH3</cusip>
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          <isin value="XS3090913883"/>
          <ticker value="UKPONE"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>REALTY INCOME CORP</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>O 3.875 06/20/35 .</title>
        <cusip>756109CV4</cusip>
        <identifiers>
          <isin value="XS3097936176"/>
          <ticker value="O"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DWR CYMRU (FINANCING) UK PLC</name>
        <lei>213800GDOFO2ED5PNC85</lei>
        <title>GLCCUK 6.25 09/08/37 EMTN</title>
        <cusip>G2885RAR0</cusip>
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          <isin value="XS3172211347"/>
          <ticker value="GLCCUK"/>
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        <currencyConditional curCd="GBP" exchangeRt="1.326453"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE V3.996 05/15/56</title>
        <cusip>65339KDU1</cusip>
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          <isin value="XS3176173568"/>
          <ticker value="NEE"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.142596"/>
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        <pctVal>0.0456535215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.996000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>BMS IRELAND CAPITAL FUNDING DAC</name>
        <lei>9845002AC2D55DFID596</lei>
        <title>BMY 4.581 11/10/55</title>
        <cusip>05594KAE6</cusip>
        <identifiers>
          <isin value="XS3215466767"/>
          <ticker value="BMY"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>FIBERCOP SPA</name>
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        <fairValLevel>2</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-08-19</ncom:dateSigned>
      <ncom:nameOfApplicant>EMPOWER FUNDS, INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/Kelly New</ncom:signature>
      <ncom:signerName>Kelly New</ncom:signerName>
      <ncom:title>Treasurer, Empower Funds, Inc.</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
