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        <fairValLevel>2</fairValLevel>
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        <name>Iron Mountain, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Agree Realty Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lsf12 Helix Parent LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Minerals Technologies, Inc.</name>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Partners Group Holding AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Europe SE</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CP Iris Holdco I, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LSF12 Crown US Commercial Bidco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp.</name>
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        <name>Fedex Freight Holding Co., Inc.</name>
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        <name>Incora Top Holdco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GB AIT Buyer, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Consumers Energy Co.</name>
        <lei>7NKTFWJ1G6MELP9TU740</lei>
        <title>Consumers Energy Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Molina Healthcare, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Evonik Industries AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Berry Global, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Novartis Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gen Digital, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Signal Peak CLO 12 Ltd.</name>
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        <name>Dominion Energy, Inc.</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
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        <name>Sensata Technologies, Inc.</name>
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        <name>Osmosis Buyer Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>Berkshire Hathaway Energy Co.</name>
        <lei>549300JD0S5IZJE9LY15</lei>
        <title>Berkshire Hathaway Energy Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ECL Entertainment LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Regatta XI Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gates Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Crowdstrike Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Waste Management, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hunter Douglas, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Applied Systems, Inc.</name>
        <lei>N/A</lei>
        <title>Applied Systems, Inc., 1st Lien Term Loan B</title>
        <cusip>03827FBD2</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DBC Mortgage Trust</name>
        <lei>N/A</lei>
        <title>DBC Mortgage Trust, Series 2025-DBC, Class A</title>
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          <isin value="US23306HAA32"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ATI, Inc.</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ATI, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>15208.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYJ3SMQF9"/>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>Canadian Imperial Bank of Commerce</title>
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          <other otherDesc="Inhouse Asset ID" value="BYJ5HYC65"/>
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        <assetCat>SN</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>K. Hovnanian Enterprises, Inc.</name>
        <lei>549300JJCQ0KAI7CJG32</lei>
        <title>K. Hovnanian Enterprises, Inc.</title>
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          <isin value="US48251UAP30"/>
          <other otherDesc="Inhouse Asset ID" value="48251UAP3"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Permian Resources Operating LLC</name>
        <lei>5493004CTVUMQLRPOE23</lei>
        <title>Permian Resources Operating LLC</title>
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          <isin value="US71424VAB62"/>
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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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        <name>Microchip Technology, Inc.</name>
        <lei>5493007PTFULNYZJ1R12</lei>
        <title>Microchip Technology, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Atlas CC Acquisition Corp.</name>
        <lei>N/A</lei>
        <title>Atlas CC Acquisition Corp., 1st Lien Term Loan C</title>
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          <isin value="US04921TAS33"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amphenol Corp.</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>Amphenol Corp., Class A</title>
        <cusip>032095101</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2024-WCL1, Class A</title>
        <cusip>20047DAA2</cusip>
        <identifiers>
          <isin value="US20047DAA28"/>
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        <balance>914000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lion Finance Group plc</name>
        <lei>213800XKDG12NQG8VC53</lei>
        <title>Lion Finance Group plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BF4HYT85"/>
          <other otherDesc="Inhouse Asset ID" value="SBF4HYT82"/>
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        <balance>393.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75389197"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>Muenchener Rueckversicherungs-Gesellschaft AG</name>
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        <name>Polen Capital CLO Ltd.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Stonebriar ABF Issuer LLC</name>
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        <name>J.P. Morgan Structured Products BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chubb INA Holdings LLC</name>
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        <name>SLM Corp.</name>
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        <name>Cheniere Corpus Christi Holdings LLC</name>
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        <name>Otis Worldwide Corp.</name>
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        <name>GGAM Finance Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northrop Grumman Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CNT Holdings I Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Philip Morris International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NN Group NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tokyu Fudosan Holdings Corp.</name>
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        <name>Northrop Grumman Corp.</name>
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        <name>Virgin Media Bristol LLC</name>
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        <name>Government National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Duke Energy Progress LLC</name>
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        <name>ITT Holdings LLC</name>
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        <title>ITT Holdings LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>KLA Corp.</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLA Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>AmeriTex HoldCo Intermediate LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale SA</name>
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        <name>Venture Global LNG, Inc.</name>
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        <name>Prime Healthcare Services, Inc.</name>
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        <name>Light &amp; Wonder International, Inc.</name>
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        <name>VICI Properties LP</name>
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        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
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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>1</fairValLevel>
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        <name>TKO Worldwide Holdings LLC</name>
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        <name>Societe Generale SA</name>
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        <name>Federal National Mortgage Association</name>
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        <name>NiSource, Inc.</name>
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        <name>Equinix Asia Financing Corp. Pte. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sanofi SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Nomura Bank International plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Bank NA</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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        <fairValLevel>2</fairValLevel>
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        <name>GE Vernova, Inc.</name>
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        <name>Kennedy Lewis CLO 16 Ltd.</name>
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        <name>Palmer Square CLO Ltd.</name>
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        <name>Bank of Montreal</name>
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        <name>Medical Solutions Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Asurion LLC</name>
        <lei>549300KNQVXGIOXWK278</lei>
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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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        <fairValLevel>2</fairValLevel>
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        <name>British American Tobacco plc</name>
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        <name>Aedifica SA</name>
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        <name>Check Point Software Technologies Ltd.</name>
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        <name>Alliant Holdings Intermediate LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <name>Societe Generale SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mondelez International, Inc.</name>
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        <name>Omnicom Group, Inc.</name>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>Ares Strategic Income Fund</name>
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        <name>Trans-Allegheny Interstate Line Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Skeena Resources Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>Consumers Energy Co.</name>
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        <name>Triton Container International Ltd.</name>
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        <name>Galaxy US Opco, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Societe Generale SA</name>
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        <name>American Express Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Brookfield Property REIT, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>USI, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Columbus McKinnon Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Baxter International, Inc.</name>
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        <name>Societe Generale SA</name>
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        <name>RR 8 Ltd.</name>
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        <name>Enbridge, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Coloplast A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays Bank plc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Johnson &amp; Johnson</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lsf12 Helix Parent LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OQ Chemicals International Holding GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Digicel International Finance Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>American Express Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Motorola Solutions, Inc.</name>
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        <name>Barclays plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CVS Health Corp.</name>
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        <name>Lloyds Banking Group plc</name>
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        <name>American Homes 4 Rent</name>
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        <name>Citigroup, Inc.</name>
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        <name>Swedish Krona</name>
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        <title>Swedish Krona</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>M&amp;T Bank Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rexel SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Midcontinent Communications</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays Bank plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Textron, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Akzo Nobel NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global Calcasieu Pass, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CRC Insurance Group LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nutrien Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rio Tinto Finance USA plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indra Sistemas SA</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PBF Holding Co. LLC</name>
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      <invstOrSec>
        <name>Azuria Water Solutions, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Wholesale Mortgage LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OHA Credit Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>QXO Building Products, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DTE Electric Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Snap, Inc.</name>
        <lei>549300JNC0L6VP8A2Q35</lei>
        <title>Snap, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Enbridge, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
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        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-08</maturityDt>
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        <name>EastGroup Properties, Inc.</name>
        <lei>31TIGQQZC4P6JMHKSW85</lei>
        <title>EastGroup Properties, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
        <cusip>68389XDH5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Acushnet Co.</name>
        <lei>549300H805O14KEFES79</lei>
        <title>Acushnet Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>American Tower Corp.</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp.</title>
        <cusip>03027XBS8</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-15</maturityDt>
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          <annualizedRt>2.30000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Industria de Diseno Textil SA</name>
        <lei>549300TTCXZOGZM2EY83</lei>
        <title>Industria de Diseno Textil SA</title>
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          <isin value="ES0148396007"/>
          <other otherDesc="Inhouse Asset ID" value="SBP9DL901"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>3622AC3F5</cusip>
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          <isin value="US3622AC3F59"/>
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        <name>Regions Financial Corp.</name>
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        <name>Range Resources Corp.</name>
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        <name>Vistra Corp.</name>
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        <name>Morgan Stanley Europe SE</name>
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        <name>Bausch + Lomb Corp.</name>
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        <name>Ardonagh Finco Ltd.</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>Southern California Edison Co.</name>
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        <name>Citigroup Global Markets Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Reworld Holding Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wayfair LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EquipmentShare.com, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Cheniere Energy Partners LP</name>
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        <title>Cheniere Energy Partners LP</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Motorola Solutions, Inc.</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>Motorola Solutions, Inc.</title>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Synopsys, Inc.</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
        <title>Synopsys, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MKS Instruments, Inc.</name>
        <lei>N/A</lei>
        <title>MKS Instruments, Inc., 1st Lien Term Loan B</title>
        <cusip>55314NBB9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Dynasty Acquisition Co., Inc.</name>
        <lei>549300L1RCRPOAUCB870</lei>
        <title>Dynasty Acquisition Co., Inc., 1st Lien Term Loan B2</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Archrock Partners LP</name>
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        <title>Archrock Partners LP</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Traverse Midstream Partners LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Harvest Midstream I LP</name>
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        <title>Harvest Midstream I LP</title>
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        <fairValLevel>2</fairValLevel>
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        <name>WhiteWater Matterhorn Holdings LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Baker Hughes Holdings LLC</name>
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        <title>Baker Hughes Holdings LLC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mexican Peso</name>
        <lei>N/A</lei>
        <title>Mexican Peso</title>
        <cusip>N/A</cusip>
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        <name>Coherent Corp.</name>
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        <name>Steel Dynamics, Inc.</name>
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        <name>Morgan Stanley Europe SE</name>
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        <name>Grifols International Services USA, Inc.</name>
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        <name>Pathfinder Power LLC</name>
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        <name>CaixaBank SA</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
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        <name>RR Donnelley &amp; Sons Co.</name>
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        <name>Herc Holdings, Inc.</name>
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        <name>Johnson Controls International plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pregis TopCo LLC</name>
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        <name>Axalta Coating Systems US Holdings, Inc.</name>
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        <name>Realty Income Corp.</name>
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        <name>Publicis Groupe SA</name>
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        <name>nVent Electric plc</name>
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        <name>MLTI Trust</name>
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        <name>BFLD Commercial Mortgage Trust</name>
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        <name>Assurant, Inc.</name>
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        <name>Gryphon Acquire NewCo LLC</name>
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      <invstOrSec>
        <name>HONO Mortgage Trust</name>
        <lei>N/A</lei>
        <title>HONO Mortgage Trust, Series 2021-LULU, Class A</title>
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        <name>Vmed O2 UK Financing I plc</name>
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        <name>CommonSpirit Health</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>NEXTDC Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Bank of America Corp.</name>
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        <name>Clear Channel Outdoor Holdings, Inc.</name>
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        <name>AltaGas Ltd.</name>
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        <name>Scientific Games Holdings LP</name>
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        <name>LoanCore 2025 Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westinghouse Air Brake Technologies Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fidelity National Information Services, Inc.</name>
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        <name>MidAmerican Energy Co.</name>
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        <name>Ohio Power Co.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>RealPage, Inc.</name>
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        <name>Talen Energy Supply LLC</name>
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        <name>Telefonaktiebolaget LM Ericsson</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wellington Management CLO 3 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fertitta Entertainment LLC</name>
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        <name>America Movil SAB de CV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLP Capital LP</name>
        <lei>2549005PXW31DRW8EC44</lei>
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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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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays Bank plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Eiffage SA</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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        <name>Medical Solutions Holdings, Inc.</name>
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        <name>PepsiCo, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alterra Mountain Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Novo Nordisk A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Air Liquide SA</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AHP Health Partners, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Service Electric &amp; Gas Co.</name>
        <lei>549300RUHPVD434XUK18</lei>
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        <name>Albertsons Cos., Inc.</name>
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        <title>Albertsons Cos., Inc.</title>
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        <name>Imperial Brands plc</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>Imperial Brands plc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sotera Health Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nationwide Building Society</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gilead Sciences, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Reckitt Benckiser Group plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>South Bow Corp.</name>
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        <title>South Bow Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Bank of Montreal</name>
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        <title>Bank of Montreal</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian National Railway Co.</name>
        <lei>3SU7BEP7TH9YEQOZCS77</lei>
        <title>Canadian National Railway Co.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Vale Overseas Ltd.</name>
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        <title>Vale Overseas Ltd.</title>
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        <valUSD>197400.00000000</valUSD>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Homes 4 Rent LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sprint Capital Corp.</name>
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        <title>Sprint Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays plc</name>
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        <title>Barclays plc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Qualys, Inc.</name>
        <lei>549300EMBXYOW9W1XA17</lei>
        <title>Qualys, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>QXO Building Products, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CarVal CLO IV Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WestJet Airlines Ltd.</name>
        <lei>254900XF58XEBILWE361</lei>
        <title>WestJet Airlines Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vertiv Holdings Co.</name>
        <lei>549300KTTIRAOGXCRV69</lei>
        <title>Vertiv Holdings Co., Class A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <name>General Dynamics Corp.</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>General Dynamics Corp.</title>
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        <name>Recordati Industria Chimica e Farmaceutica SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Multi-Color Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OAK-Eagle Acquireco, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Talen Energy Supply LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wilsonart LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CTM CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jump Financial LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Citigroup Global Markets Holdings, Inc.</name>
        <lei>82VOJDD5PTRDMVVMGV31</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AddTech AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SWF Holdings I Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Airlines, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KeyBank NA</name>
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        <title>Keybank National Association</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sirius XM Radio LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kyocera Corp.</name>
        <lei>N/A</lei>
        <title>Kyocera Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>Toyota Motor Credit Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Morgan Stanley Capital I</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust, Series 2017-HR2, Class B</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>4.06100160</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>N/A</lei>
        <title>NRG Energy, Inc., 1st Lien Term Loan</title>
        <cusip>62937NBF3</cusip>
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          <isin value="US62937NBF33"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale SA</name>
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        <name>Golub Capital Partners CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sherwin-Williams Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cotiviti, Inc.</name>
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        <name>Snam SpA</name>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>Fiserv, Inc.</name>
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        <name>Madison Safety &amp; Flow LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Scotts Miracle-Gro Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ON Semiconductor Corp.</name>
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        <name>APA Corp.</name>
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        <name>Molson Coors Beverage Co.</name>
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        <name>Morgan Stanley Europe SE</name>
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        <name>Bank of America Corp.</name>
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        <name>CTP NV</name>
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        <name>Six Flags Entertainment Corp.</name>
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        <name>Societe Generale SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orion US Finco, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Otis Worldwide Corp.</name>
        <lei>549300ZLBKR8VSU25153</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>PPL Capital Funding, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Darden Restaurants, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Deep Blue Operating I LLC</name>
        <lei>254900D4FS23P1TU7R69</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Installed Building Products, Inc.</name>
        <lei>549300I95Y9P9YM5FI86</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Anticimex Global AB</name>
        <lei>N/A</lei>
        <title>Anticimex Global AB, Facility 1st Lien Term Loan B8</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Rocket Cos., Inc.</name>
        <lei>N/A</lei>
        <title>Rocket Cos., Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GE Vernova, Inc.</name>
        <lei>254900DP080RU6OK2553</lei>
        <title>GE Vernova, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Polaris Newco LLC</name>
        <lei>254900LEPDAG7EDOA064</lei>
        <title>Polaris Newco LLC, 1st Lien Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Dynasty Acquisition Co., Inc.</name>
        <lei>549300L1RCRPOAUCB870</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NVIDIA Corp.</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Howard Hughes Corp. (The)</name>
        <lei>549300BVHY25JZC1KI49</lei>
        <title>Howard Hughes Corp. (The)</title>
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        <name>Crescent Energy Finance LLC</name>
        <lei>54930061FUL6DBLFUW14</lei>
        <title>Crescent Energy Finance LLC</title>
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        <invCountry>US</invCountry>
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        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>Live Nation Entertainment, Inc., 1st Lien Term Loan B</title>
        <cusip>53803HAY6</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYDT3F431"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.63903000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lonza Group AG</name>
        <lei>N/A</lei>
        <title>Lonza Group AG, Facility 1st Lien Term Loan B</title>
        <cusip>L4780EAC8</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BRWLGBMW3"/>
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        <curCd>USD</curCd>
        <valUSD>205810.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LifePoint Health, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Discovery Purchaser Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Propulsion BC Finco SARL</name>
        <lei>N/A</lei>
        <title>Propulsion BC Finco SARL, 1st Lien Term Loan</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Team Health Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kajima Corp.</name>
        <lei>N/A</lei>
        <title>Kajima Corp.</title>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
        <cusip>N/A</cusip>
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          <isin value="XS2878561484"/>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chicago US MidCo III LP</name>
        <lei>N/A</lei>
        <title>Chicago US MidCo III LP, 1st Lien Term Loan</title>
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          <isin value="US16825PAB94"/>
          <other otherDesc="Inhouse Asset ID" value="BYDSB5B38"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AHP Health Partners, Inc.</name>
        <lei>549300QMM8MQ6SM5KX05</lei>
        <title>AHP Health Partners, Inc., 1st Lien Term Loan B</title>
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          <isin value="US00130MAL81"/>
          <other otherDesc="Inhouse Asset ID" value="BYDRG33W5"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Honeywell Aerospace, Inc.</name>
        <lei>213800ZUAQRBYL67JS90</lei>
        <title>Honeywell Aerospace, Inc.</title>
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          <other otherDesc="Inhouse Asset ID" value="43849RAC9"/>
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        <curCd>USD</curCd>
        <valUSD>62139.44000000</valUSD>
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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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        <name>ITT Holdings LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="BYDXEWSR4"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AZZ, Inc.</name>
        <lei>549300HD1X2NFLWPYC83</lei>
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          <other otherDesc="Inhouse Asset ID" value="BRY22RQY5"/>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Staples, Inc.</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>Staples, Inc.</title>
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          <isin value="US855030AQ50"/>
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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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        <name>AmWINS Group, Inc.</name>
        <lei>549300SJE7MUB8NMRG61</lei>
        <title>AmWINS Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ohio Power Co.</name>
        <lei>06ZODLC132CY1O2Y7D77</lei>
        <title>Ohio Power Co., Series P</title>
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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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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
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          <isin value="US345397C924"/>
          <other otherDesc="Inhouse Asset ID" value="345397C92"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rollins, Inc.</name>
        <lei>549300F2A0BXT4SGWD84</lei>
        <title>Rollins, Inc.</title>
        <cusip>775711104</cusip>
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          <isin value="US7757111049"/>
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        <balance>1883.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aretec Group, Inc.</name>
        <lei>549300NV2T8A33L0PQ58</lei>
        <title>Aretec Group, Inc., 1st Lien Term Loan B4</title>
        <cusip>04009DAJ3</cusip>
        <identifiers>
          <isin value="US04009DAJ37"/>
          <other otherDesc="Inhouse Asset ID" value="BYDUG1H72"/>
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        <balance>74583.58830000</balance>
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        <curCd>USD</curCd>
        <valUSD>74371.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.62031000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>iShares J.P. Morgan EM Local Currency Bond ETF</name>
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        <name>Gates Global LLC</name>
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        <name>Peraton Corp.</name>
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        <name>Meta Platforms, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>East Japan Railway Co.</name>
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        <name>Rocket Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Carrier Global Corp.</name>
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        <name>Ellington Financial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Navient Corp.</name>
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        <name>Jupiter Borrower, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lowe's Cos., Inc.</name>
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        <name>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Meade Pipeline Co. LLC</name>
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        <name>Government National Mortgage Association</name>
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        <name>Generac Holdings, Inc.</name>
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        <name>AthenaHealth Group, Inc.</name>
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        <name>Venture Global Plaquemines LNG LLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Pinnacle Buyer LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Europe SE</name>
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        <name>Infinity Natural Resources LLC</name>
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        <name>Transocean International Ltd.</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>Welltower OP LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Houston Galleria Mall Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gaia Purchaser, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Baker Hughes Holdings LLC</name>
        <lei>549300XU3XH6F05YEQ93</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Canon, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Palantir Technologies, Inc.</name>
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        <name>LYB International Finance III LLC</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Georgia Power Co.</name>
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        <name>GFL Environmental Holdings US, Inc.</name>
        <lei>N/A</lei>
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        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GS Mortgage Securities Corp. Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Knife River Corp.</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>Comcast Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Alabama Power Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>SIRVA Worldwide, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Standard Building Solutions, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>STONEPEAK MOTION FINCO LLC</name>
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        <name>Jones DesLauriers Insurance Management, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WEX, Inc.</name>
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        <name>Barclays Bank plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Service Enterprise Group, Inc.</name>
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        <name>Delek Logistics Partners LP</name>
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        <name>Directv Financing LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>LEX Mortgage Trust</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <name>Antero Resources Corp.</name>
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        <name>Elia Group SA</name>
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        <name>TransDigm, Inc.</name>
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        <name>HalseyPoint CLO 4 Ltd.</name>
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        <name>Prime Security Services Borrower LLC</name>
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        <name>SAP SE</name>
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        <name>Ardonagh Group Finance Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verizon Communications, Inc.</name>
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        <name>Healthpeak OP LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OHA Credit Funding 2 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Wynn Macau Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nomura Bank International plc</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Morgan Stanley Bank NA</name>
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        <name>Extra Space Storage LP</name>
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        <name>Penn Entertainment, Inc.</name>
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        <name>ADT Security Corp. (The)</name>
        <lei>5493009JEEDYLVRA0J13</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Summer BC Holdco B SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Europe SE</name>
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        <name>Government National Mortgage Association</name>
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        <name>Public Service Electric &amp; Gas Co.</name>
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        <name>RR Donnelley &amp; Sons Co.</name>
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        <name>Societe Generale SA</name>
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        <name>BNP Paribas Issuance BV</name>
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        <name>RR 38 Ltd.</name>
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        <name>GTCR Everest Borrower LLC</name>
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        <name>Reworld Holding Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <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 National Mortgage Association</name>
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        <name>Norsk Hydro ASA</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Public Service Co.</name>
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        <fairValLevel>2</fairValLevel>
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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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        <fairValLevel>2</fairValLevel>
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        <name>Graham Packaging Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>John Deere Capital Corp.</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>CBOE Global Markets, Inc.</name>
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        <name>Societe Generale SA</name>
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        <name>Allianz SE</name>
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        <name>Ingenovis Health, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brand Industrial Services, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Garda World Security Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MAC Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Denso Corp.</name>
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        <name>Sembcorp Industries Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>CoreLogic, Inc.</name>
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        <name>Berkshire Hathaway Energy Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SS&amp;C Technologies, Inc.</name>
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        <name>Weatherford International Ltd.</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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        <name>Alliant Holdings Intermediate LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vale Overseas Ltd.</name>
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        <name>EQT Corp.</name>
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        <name>Boeing Co. (The)</name>
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        <name>Bank of Montreal</name>
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        <name>New Mountain CLO 2 Ltd.</name>
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        <name>Interstate Power &amp; Light Co.</name>
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        <name>CCO Holdings LLC</name>
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        <name>DISH DBS Corp.</name>
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        <name>Walmart, Inc.</name>
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        <name>TC Energy Corp.</name>
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        <name>Nutrien Ltd.</name>
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        <name>Great Canadian Gaming Corp.</name>
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        <name>Telenet Financing USD LLC</name>
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        <name>Atlas CC Acquisition Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BP Capital Markets America, Inc.</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BP Capital Markets America, Inc.</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Mavis Tire Express Services Topco Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Electric Power Co., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Tower Corp.</name>
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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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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Digicel International Finance Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crown Castle, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Honda Motor Co. Ltd.</name>
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        <title>Honda Motor Co. Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2025-SPOT, Class A</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aimbridge Topco LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Primaris REIT</name>
        <lei>549300WUM45OXSEVOT03</lei>
        <title>Primaris REIT</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp REMIC. Variable Rate Notes, Series 5491, Class FA</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>QuidelOrtho Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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          <isin value="US01F0606750"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CNX Resources Corp.</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX Resources Corp.</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Viper Energy Partners LLC</name>
        <lei>54930010ZZ02MRGRI973</lei>
        <title>Viper Energy Partners LLC</title>
        <cusip>92764MAA2</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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        <name>Southern Copper Corp.</name>
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        <name>CMG Media Corp.</name>
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        <name>Blue Owl Capital Corp.</name>
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        <name>Everpure, Inc.</name>
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        <name>Tenneco, Inc.</name>
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        <name>LYB International Finance II BV</name>
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        <name>Southern California Edison Co.</name>
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        <name>Morgan Stanley Europe SE</name>
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        <name>M6 ETX Holdings II Midco LLC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Birch Grove CLO 9 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenneco, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Comstock Resources, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Altria Group, Inc.</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>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Finastra USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRQ Sales LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Zurich Insurance Group AG</name>
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        <name>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aalberts NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Naked Juice LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aena SME SA</name>
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        <name>Gainwell Acquisition Corp.</name>
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        <name>Caesars Entertainment, Inc.</name>
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        <name>Discovery Global Holdings, Inc.</name>
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        <name>Citigroup Global Markets Holdings, Inc.</name>
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        <name>Weber-Stephen Products LLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Hubbell, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Broadcom, Inc.</name>
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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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        <name>Nordson Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Century Communities, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lockheed Martin Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Airlines Pass-Through Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Symphony CLO XXIX Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DaVita, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Osaic Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fidelity National Information Services, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ArcelorMittal SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EQT Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Compass Group Diversified Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kraken Oil &amp; Gas Partners LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SHR Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>General Electric Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas Issuance BV</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Altice France SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Storage</name>
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        <name>GB AIT Buyer, Inc.</name>
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        <name>Evergy, Inc.</name>
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        <name>Midwest Gaming Borrower LLC</name>
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        <name>Nutanix, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Level 3 Financing, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Coca-Cola Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Prologis, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Tritax Big Box REIT plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brand Industrial Services, Inc.</name>
        <lei>549300B658W2BPDQMW42</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Reynolds Consumer Products LLC</name>
        <lei>N/A</lei>
        <title>Reynolds Consumer Products LLC, 1st Lien Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Elevance Health, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Humana, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Safran SA</name>
        <lei>969500UIC89GT3UL7L24</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Gray Media, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Media, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AS Mileage Plan IP Ltd.</name>
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          <other otherDesc="Inhouse Asset ID" value="BYJ3Q8XT4"/>
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        <assetCat>LON</assetCat>
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        <invCountry>KY</invCountry>
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        <name>J.P. Morgan Structured Products BV</name>
        <lei>XZYUUT6IYN31D9K77X08</lei>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sanmina Corp.</name>
        <lei>N/A</lei>
        <title>Sanmina Corp., 1st Lien Term Loan B1</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Trust</name>
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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>Mizuho Markets Cayman LP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SE Cosmos LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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        <title>Comcast Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Foundry JV Holdco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Hexcel Corp.</name>
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        <name>Emerson Electric Co.</name>
        <lei>FGLT0EWZSUIRRITFOA30</lei>
        <title>Emerson Electric Co.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>MFA Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Techtronic Industries Co. Ltd.</name>
        <lei>549300HZW2SBE758OK89</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>LSTR Trust</name>
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        <name>ON Semiconductor Corp.</name>
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        <name>Canadian Tire Corp. Ltd.</name>
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        <name>Maya SAS</name>
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        <name>McDonald's Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AL Sydbank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Garrett Motion Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Perrigo Investments LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WEX, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Belden, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Constellation Renewables LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BRAVO Residential Funding Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Station Casinos LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Star Parent, Inc.</name>
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        <name>Kongsberg Gruppen ASA</name>
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        <name>Fincantieri SpA</name>
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        <name>PRPM Issuer LLC</name>
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        <name>HCA, Inc.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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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>Blackstone Private Credit Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Caterpillar Financial Services Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>QXO Building Products, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gibraltar Industries, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>J.P. Morgan Structured Products BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Life Global Funding I</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <name>Alliant Energy Corp.</name>
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        <name>Walker &amp; Dunlop, Inc.</name>
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        <name>WEC US Holdings, Inc.</name>
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        <name>NYC Trust</name>
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        <name>Mondelez International, Inc.</name>
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        <name>Omnicom Group, Inc.</name>
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        <name>Aggreko Holdings, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>DBWF Mortgage Trust</name>
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        <name>Black Pearl Compute LLC</name>
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        <name>Trimaran Cavu Ltd.</name>
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        <name>BOC Hong Kong Holdings Ltd.</name>
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        <name>Vail Resorts, Inc.</name>
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        <name>NCL Corp. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Madison IAQ LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilton Domestic Operating Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Element Materials Technology Group US Holdings, Inc.</name>
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        <name>Ares Capital Corp.</name>
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        <name>BIP Pipeco Holding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JetBlue Airways Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Broadcom, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Millicom International Cellular SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>WEC Energy Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CLP Holdings Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Expand Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Albertsons Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Philip Morris International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Shimadzu Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas Issuance BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Savor Acquisition, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>A10 Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bunzl plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LYB Finance Co. BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PECF USS Intermediate Holding III Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays Bank plc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>South32 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PACCAR, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NXP Semiconductors NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Apple Bidco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OHA Credit Funding 6 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Broadcom, Inc.</name>
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        <title>Broadcom, Inc.</title>
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        <name>Energy Transfer LP</name>
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        <name>Baker Hughes Co.</name>
        <lei>N/A</lei>
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        <name>Outfront Media Capital LLC</name>
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        <name>Jetblue Airways Corp.</name>
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        <name>Peer Holding III BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Mizuho Markets Cayman LP</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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        <fairValLevel>2</fairValLevel>
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        <name>Buckeye Partners LP</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>Societe Generale SA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DERBY BUYER LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sempra</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EQT Corp.</name>
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        <name>BNP Paribas Issuance BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Uniti Group LP</name>
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        <title>Uniti Group LP</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Mauser Packaging Solutions Holding Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Rosen International SARL</name>
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        <name>Sedgwick Claims Management Services, Inc.</name>
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        <name>Expand Energy Corp.</name>
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        <name>Trinitas CLO XXIII Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Epicor Software Corp.</name>
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        <name>Churchill Downs, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Ringkjoebing Landbobank A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Honda Finance Corp.</name>
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        <name>Element Fleet Management Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Express Co.</name>
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        <name>APH Somerset Investor 2 LLC</name>
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        <lei>549300V2JRLO5DIFGE82</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Rio Tinto Finance USA plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Apple, 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>Froneri US, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Howard Midstream Energy Partners LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas Issuance BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <name>Evolution Mining Ltd.</name>
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        <name>Anywhere Real Estate Group LLC</name>
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        <name>PRA Health Sciences, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Merck &amp; Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Novelis, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AthenaHealth Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alphabet, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Entergy Corp.</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
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        <name>Dorman Products, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Amgen, Inc.</name>
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        <name>Grupo Financiero Banorte SAB de CV</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>MasTec, Inc.</name>
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        <name>ACREC LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nomura Bank International plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHNGE Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ProAmpac PG Borrower LLC</name>
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      <invstOrSec>
        <name>HB Fuller Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FirstEnergy Transmission LLC</name>
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        <name>UnitedHealth Group, Inc.</name>
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        <name>Service Properties Trust</name>
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        <name>Spruce Hill Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SLG Commercial Mortgage Trust</name>
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        <title>SLG Commercial Mortgage Trust, Series 2026-PAT, Class A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Clarios Global LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Credit Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC Holdings plc</name>
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        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
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        <name>Lindblad Expeditions LLC</name>
        <lei>549300MPUWOG67Y2R254</lei>
        <title>Lindblad Expeditions LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>American Homes 4 Rent LP</name>
        <lei>549300N4PXZ37U8QKI55</lei>
        <title>American Homes 4 Rent LP</title>
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        <name>Hyperion Refinance SARL</name>
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        <name>Nexus Buyer LLC</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <name>VICI Properties LP</name>
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        <name>Brink's Co. (The)</name>
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        <name>Froneri International Ltd.</name>
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        <name>Kennedy Lewis CLO 6 Ltd.</name>
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        <name>Teva Pharmaceutical Finance Netherlands IV BV</name>
        <lei>549300GKSD1RG56QRY33</lei>
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        <name>Solstice Advanced Materials, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>American Tower Corp.</name>
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        <name>Realty Income Corp.</name>
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        <name>RENK Group AG</name>
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        <name>PG&amp;E Corp.</name>
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        <name>FMC Corp.</name>
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        <name>Barclays plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lockheed Martin Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DCP Midstream Operating LP</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>Asurion LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CenterPoint Energy, Inc.</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Citizens Financial Group, Inc.</name>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Webuild SpA</name>
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        <name>Flowserve Corp.</name>
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        <name>BNP Paribas Issuance BV</name>
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        <name>APA Corp.</name>
        <lei>549300VCIWLRHYVSHC79</lei>
        <title>APA Corp.</title>
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        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>Altria Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Performance Food Group, Inc.</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>Performance Food Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AmeriGas Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bouygues SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apidos CLO XXXIX Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Whirlpool Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bridge Street CLO VI Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brookfield Residential Properties, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Millrose Properties, Inc.</name>
        <lei>N/A</lei>
        <title>Millrose Properties, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARES Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>ARES Commercial Mortgage Trust, Series 2026-GCP, Class A</title>
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          <isin value="US04021QAA76"/>
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        <curCd>USD</curCd>
        <valUSD>1000000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.87539000</annualizedRt>
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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Legence Holdings LLC</name>
        <lei>N/A</lei>
        <title>Legence Holdings LLC, 1st Lien Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Equinix, Inc.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>Equinix, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SWF Holdings I Corp.</name>
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        <title>SWF Holdings I Corp., Delayed Draw 1st Lien Term Loan</title>
        <cusip>78489HAH1</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYD8N0AZ0"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FS Trust</name>
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        <title>FS Trust, Series 2026-HULA, Class A</title>
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          <isin value="US30345AAA60"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Viking Cruises Ltd.</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>Viking Cruises Ltd.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Boots Group Finco LP</name>
        <lei>254900YVLYOVF1PF1N93</lei>
        <title>Boots Group Finco LP, 1st Lien Term Loan</title>
        <cusip>09947PAB7</cusip>
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          <isin value="US09947PAB76"/>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Diamondback Energy, Inc.</name>
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        <name>VICI Properties LP</name>
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        <name>BNP Paribas SA</name>
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        <name>Duke Energy Florida LLC</name>
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        <name>GSMS Trust</name>
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        <name>Iron Mountain, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Flatiron CLO 26 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Netflix, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wellness Pet LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Columbus McKinnon Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mattamy Group Corp.</name>
        <lei>5493008TNY7A82WCXU31</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Rolls-Royce Holdings plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Deluxe Corp.</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>Deluxe Corp.</title>
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        <name>Windstream Services LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Nomura Bank International plc</name>
        <lei>WGII3666BEDR02O24131</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FS KKR Capital Corp.</name>
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        <name>NRTH Commercial Mortgage Trust</name>
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        <name>American Express Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Novartis Capital Corp.</name>
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        <name>Voya CLO Ltd.</name>
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        <name>Bank of Montreal</name>
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        <name>H &amp; M Hennes &amp; Mauritz AB</name>
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        <name>Met Tower Global Funding</name>
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        <name>Glencore Canada Corp.</name>
        <lei>549300ED6C93BGYAS129</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Nexstar Media, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NTT Finance Corp.</name>
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        <name>HUB International Ltd.</name>
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        <name>BAHA Trust</name>
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        <name>TransAlta Corp.</name>
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        <title>TransAlta Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SpareBank 1 Sor-Norge ASA</name>
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        <name>Morgan Stanley Europe SE</name>
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        <name>Whirlpool Corp.</name>
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        <name>CareTrust REIT, Inc.</name>
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        <name>Motorola Solutions, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.39392000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cobham Ultra SeniorCo SARL</name>
        <lei>N/A</lei>
        <title>Cobham Ultra SeniorCo SARL, Facility 1st Lien Term Loan B</title>
        <cusip>L1802PAC3</cusip>
        <identifiers>
          <isin value="XAL1802PAC31"/>
          <other otherDesc="Inhouse Asset ID" value="BRWV0ECW3"/>
        </identifiers>
        <balance>140222.20980000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>140602.21000000</valUSD>
        <pctVal>0.016021040673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.79057000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EOG Resources, Inc.</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
        <title>EOG Resources, Inc.</title>
        <cusip>26875PAU5</cusip>
        <identifiers>
          <isin value="US26875PAU57"/>
          <other otherDesc="Inhouse Asset ID" value="26875PAU5"/>
        </identifiers>
        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14858.41000000</valUSD>
        <pctVal>0.001693054404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GFL Environmental Services, Inc.</name>
        <lei>N/A</lei>
        <title>GFL Environmental Services, Inc., 1st Lien Term Loan</title>
        <cusip>36257SAB8</cusip>
        <identifiers>
          <isin value="US36257SAB88"/>
          <other otherDesc="Inhouse Asset ID" value="BYDE207V3"/>
        </identifiers>
        <balance>265136.75440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>265004.19000000</valUSD>
        <pctVal>0.030196132099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.15559000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>Garda World Security Corp.</title>
        <cusip>36485MAP4</cusip>
        <identifiers>
          <isin value="US36485MAP41"/>
          <other otherDesc="Inhouse Asset ID" value="36485MAP4"/>
        </identifiers>
        <balance>469000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>479812.34000000</valUSD>
        <pctVal>0.054672632918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hensoldt AG</name>
        <lei>894500686FYLLZD3M624</lei>
        <title>Hensoldt AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000HAG0005"/>
          <other otherDesc="Inhouse Asset ID" value="SBN0SDX80"/>
        </identifiers>
        <balance>965.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
        <valUSD>74956.07000000</valUSD>
        <pctVal>0.008540934358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Co. (The)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co. (The)</title>
        <cusip>842587EA1</cusip>
        <identifiers>
          <isin value="US842587EA18"/>
          <other otherDesc="Inhouse Asset ID" value="842587EA1"/>
        </identifiers>
        <balance>49000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47859.95000000</valUSD>
        <pctVal>0.005453443481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Linde plc</name>
        <lei>5299003QR1WT0EF88V51</lei>
        <title>Linde plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE000S9YS762"/>
          <other otherDesc="Inhouse Asset ID" value="SBNZHB812"/>
        </identifiers>
        <balance>1881.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>976126.14000000</valUSD>
        <pctVal>0.111225538997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Europe SE</name>
        <lei>54930056FHWP7GIWYY08</lei>
        <title>Morgan Stanley Europe SE, Series BSKz</title>
        <cusip>61780D232</cusip>
        <identifiers>
          <isin value="US61780D2320"/>
          <other otherDesc="Inhouse Asset ID" value="BYJ5HUJV1"/>
        </identifiers>
        <balance>1107.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>178173.83000000</valUSD>
        <pctVal>0.020302171476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>20.07000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
        <cusip>46284VAQ4</cusip>
        <identifiers>
          <isin value="US46284VAQ41"/>
          <other otherDesc="Inhouse Asset ID" value="46284VAQ4"/>
        </identifiers>
        <balance>56000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56586.54000000</valUSD>
        <pctVal>0.006447802341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mizuho Markets Cayman LP</name>
        <lei>549300KHUXLS6Q30KT26</lei>
        <title>Mizuho Markets Cayman LP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3278790491"/>
          <other otherDesc="Inhouse Asset ID" value="BYJ6FT2Y6"/>
        </identifiers>
        <balance>79.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40851.06000000</valUSD>
        <pctVal>0.004654809435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>24.42000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Melrose Industries plc</name>
        <lei>213800RGNXXZY2M7TR85</lei>
        <title>Melrose Industries plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BNGDN821"/>
          <other otherDesc="Inhouse Asset ID" value="SBNGDN820"/>
        </identifiers>
        <balance>1502.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75389197"/>
        <valUSD>9471.09000000</valUSD>
        <pctVal>0.001079191558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      
      
      <explntrNote note="IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate." noteItem="C.11.f.i.2"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds II</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
