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        <name>Federal National Mortgage Association</name>
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        <name>EnBW Energie Baden-Wuerttemberg AG</name>
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        <name>Ahlstrom Holding 3 Oy</name>
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        <name>OCP CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <name>Elanco Animal Health, Inc.</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>BCP V Modular Services Finance II plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ajax Mortgage Loan Trust</name>
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        <name>NRG Energy, Inc.</name>
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        <name>Chemours Co. (The)</name>
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        <name>CP Iris Holdco I, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EFG Holding S.A.E.</name>
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        <name>BlueMountain CLO Ltd.</name>
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        <name>Essendi SA</name>
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        <name>Providus CLO XIV DAC</name>
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        <name>Celestial Dynasty Ltd.</name>
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        <name>Veolia Environnement SA</name>
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        <name>Navient Private Education Loan Trust</name>
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        <name>OCP CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <name>10x Future Technologies Services Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KKR CLO 21 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Mizuho Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ING Groep NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cross Ocean Bosphorus CLO XII DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LendingClub Rated Notes Issuer Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Norwegian Krone</name>
        <lei>N/A</lei>
        <title>Norwegian Krone</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Port of Beaumont Navigation District</name>
        <lei>549300G8PKBXALUKJY33</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sunac China Holdings Ltd.</name>
        <lei>549300OLARYHDXP3WK18</lei>
        <title>Sunac China Holdings Ltd.</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Invesco Euro CLO V DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cars Alliance Auto Leases France V</name>
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        <name>Clarios Global LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Romania</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sensata Technologies, Inc.</name>
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        <name>Valero Energy Corp.</name>
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        <name>CENT</name>
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        <name>NCR Voyix Corp.</name>
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        <name>Osmosis Buyer Ltd.</name>
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        <name>Mosaic Solar Loan Trust</name>
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        <name>N/A</name>
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        <name>CEDR Commercial Mortgage Trust</name>
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        <name>Japan</name>
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        <name>N/A</name>
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        <name>Bain Capital Credit CLO</name>
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        <name>Fortress Credit BSL XXVIII Ltd.</name>
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        <name>OCP Euro CLO DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Space Exploration Technologies Corp.</name>
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        <name>NVIDIA Corp.</name>
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        <name>Lottomatica Group SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Albertsons Cos., Inc.</name>
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      <invstOrSec>
        <name>Conseco Finance Securitizations Corp.</name>
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        <name>PG&amp;E Corp.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Venture Global LNG, Inc.</name>
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        <name>Minejesa Capital BV</name>
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        <name>Keisei Electric Railway Co. Ltd.</name>
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        <name>Valaris Ltd.</name>
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        <name>Altice France SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sobha Sukuk I Holding Ltd.</name>
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        <name>Apidos CLO XXXIX Ltd.</name>
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        <name>Ares LXX CLO Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Idun European Loan Conduit No. 42 Sarl</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Birch Grove CLO 4 Ltd.</name>
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        <name>Match Group Holdings II LLC</name>
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        <name>Arini US CLO III Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <fairValLevel>2</fairValLevel>
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        <name>Turkiye Varlik Fonu Yonetimi A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banca Monte dei Paschi di Siena SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Navoi Mining &amp; Metallurgical Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nidda Healthcare Holding GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GSAT Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Anchorage Capital CLO 31 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Asbury Automotive Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pierpont BTL plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>QTS Issuer ABS II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LendingClub Rated Notes Issuer Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ukraine</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Dollar General Corp.</title>
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        <name>Nickel Industries Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AstraZeneca plc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CRSO Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PLYM Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Canyon CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mobius Merger Sub, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Intesa Sanpaolo SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Resecuritization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VZ Secured Financing BV</name>
        <lei>549300MG611MYCOWY949</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Pepper Prime Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CIFC Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sun Country Airlines Pass-Through Trusts</name>
        <lei>N/A</lei>
        <title>Sun Country Airlines Pass-Through Trusts, Series 2022-1A</title>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Olympic Tower Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Olympic Tower Mortgage Trust, Series 2017-OT, Class XA</title>
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        <fairValLevel>2</fairValLevel>
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        <name>RR 14 Ltd.</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Henley CLO I DAC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vista Point Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Post CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BAHA Trust</name>
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          <isin value="US05493XAA81"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Penta CLO DAC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays Mortgage Trust</name>
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        <title>Barclays Mortgage Trust, Series 2021-NPL1, Class C</title>
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          <isin value="US06744JAC09"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Posco International Corp.</name>
        <lei>988400B6ECL5BWA8KC19</lei>
        <title>Posco International Corp.</title>
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        <curCd>USD</curCd>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P 500 Index</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Nikkei 225 Index</title>
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        <fairValLevel>1</fairValLevel>
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        <name>New South Wales Treasury Corp.</name>
        <lei>TC7LRO17HPNPLTAV0H77</lei>
        <title>New South Wales Treasury Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Nomura Securities International, Inc.</name>
        <lei>OXTKY6Q8X53C9ILVV871</lei>
        <title>Nomura Securities International, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Whirlpool Corp.</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>Whirlpool Corp.</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>NVR, Inc.</title>
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          <isin value="US62944T1051"/>
          <other otherDesc="Inhouse Asset ID" value="62944T105"/>
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        <balance>200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>92170.00000000</valUSD>
        <pctVal>0.000190436938</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Barclays Bank</counterpartyName>
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        <fairValLevel>2</fairValLevel>
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        <name>Post Holdings, Inc.</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Grace Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Arab Republic of Egypt</name>
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        <name>Snorkel AI, Inc., Series C</name>
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        <name>Bear Stearns Asset-Backed Securities I Trust</name>
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        <name>MHP</name>
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        <name>Compartment Driver UK Ten</name>
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        <name>Greystone CRE Notes LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Utilities Water Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arcano Euro CLO II DAC</name>
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        <name>Warwick Capital CLO 6 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Light &amp; Wonder International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Benefit Street Partners CLO XVI Ltd.</name>
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        <name>Upland CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Summer BC Holdco B SARL</name>
        <lei>984500NRF59D5DB9B654</lei>
        <title>Summer BC Holdco B SARL</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilton Domestic Operating Co., Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>Hilton Domestic Operating Co., Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>RR 19 Ltd.</name>
        <lei>549300RJ4N2AJDFNE876</lei>
        <title>RR 19 Ltd., Series 2021-19A, Class DR</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>PRPM Trust</name>
        <lei>N/A</lei>
        <title>PRPM Trust, Series 2025-NQM3, Class B1</title>
        <cusip>69382NAE2</cusip>
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        <name>Sona Fios CLO III DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Targa Resources Corp.</name>
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        <name>Alphabet, Inc.</name>
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        <name>N/A</name>
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        <title>Tencent Music Entertainment Group</title>
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        <name>Auto ABS Italian Stella Loans SRL</name>
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        <name>Hilton Domestic Operating Co., Inc.</name>
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        <name>Loanpal Solar Loan Ltd.</name>
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        <name>CSMC Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>McGraw-Hill Education, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Avoca CLO Xxx DAC</name>
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                <indexName>Markit CDX North American High Yield Index Series 45-V2</indexName>
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        <name>Hilton Domestic Operating Co., Inc.</name>
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        <name>1988 Asset Management Euro CLO DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Co.</name>
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        <name>Howard Hughes Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>London Cards No. 2 plc</name>
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        <name>Auto ABS Italian Stella Loans SRL</name>
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        <name>Republic of Armenia</name>
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        <name>Voya Euro CLO IV DAC</name>
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        <name>Rockford Tower Europe CLO DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MHP</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>EDP SA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Golub Capital Private Credit Fund CLO 2</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>London Wall Mortgage Capital plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Polaris plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Perrigo Finance Unlimited Co.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Republic of Latvia</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Encompass Health Corp.</name>
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        <title>Encompass Health Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CVC Cordatus Loan Fund XXX DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Benefit Street Partners CLO 44 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mehilainen Yhtiot Oy</name>
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        <title>Mehilainen Yhtiot Oy, Facility 1st Lien Term Loan B7</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Stratton Mortgage Funding plc</name>
        <lei>635400HN3D5CAXKQB937</lei>
        <title>Stratton Mortgage Funding plc, Series 2024-3, Class B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
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        <name>iShares Trust</name>
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        <name>Santander Mortgage Asset Receivable Trust</name>
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        <name>Conseco Finance Corp.</name>
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        <name>Edgewell Personal Care Co.</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
        <title>Edgewell Personal Care Co.</title>
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        <name>Asset-Backed European Securitisation Transaction Twenty-Four SRL</name>
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        <name>GS Mortgage-Backed Securities Trust</name>
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        <name>Grupo Aeroportuario del Sureste SAB de CV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Quikrete Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Linde plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BlueMountain CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Mercantil del Norte SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bethpage Park CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RSA Security LLC</name>
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        <name>Aesir European Loan Conduit No. DAC</name>
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        <name>Commerzbank AG</name>
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        <name>College Avenue Student Loans LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JobsOhio Beverage System</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Tencent Holdings Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>BlueMountain CLO XXII Ltd.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Panorama Auto Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Shin Kong Life Singapore Pte. Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TK Elevator Midco GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GoodLeap Home Improvement Solutions Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SLM Private Education Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commercial Mortgage Trust</name>
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        <name>Xerox Corp.</name>
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        <name>EagleRock Land LLC</name>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <name>Scotts Miracle-Gro Co. (The)</name>
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        <name>Together Asset-Backed Securitisation 14 plc</name>
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        <name>Ballyrock CLO 29 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Newell Brands, Inc.</name>
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        <name>UK Logistics DAC</name>
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        <name>Cintas Corp. No. 2</name>
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        <name>OCP Euro CLO DAC</name>
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        <name>Chord Energy Corp.</name>
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        <name>South Bow Canadian Infrastructure Holdings Ltd.</name>
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        <name>Pagaya AI Technology in Housing Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arcline FM Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARES Loan Funding I Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Equate Petrochemical Co. KSCC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jubilee Place BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>XPLR Infrastructure Operating Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Somnigroup International, Inc.</name>
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        <name>Volkswagen Financial Services NV</name>
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        <name>Elstree 1st plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hops Hill No. 5 plc</name>
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        <name>American Home Mortgage Assets Trust</name>
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        <name>OneMain Financial Issuance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Islamic Republic of Pakistan</name>
        <lei>529900LOP29R5WKHOD86</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Goldman Sachs Finance Corp. International Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vita Scientia DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Singapore</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mumbai International Airport Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ryohin Keikaku Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TUI Cruises GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Velocity plc</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>Dowson plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HarborView Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Residential Mortgage Loan Trust</name>
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        <name>Ares XLI CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Centene Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ABN AMRO Bank NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Atrium Hotel Portfolio Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Asimi Funding plc</name>
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        <name>Fremont Home Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hops Hill No. 4 plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SMBC Aviation Capital Finance DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Newday Funding Master Issuer plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pierpont BTL plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Barclays Mortgage Loan Trust, Series 2025-NQM1, Class A2</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Chemours Co. (The)</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>AerCap Ireland Capital DAC</name>
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        <name>Entegris, Inc.</name>
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        <name>HA Sustainable Infrastructure Capital, Inc.</name>
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        <title>HA Sustainable Infrastructure Capital, Inc.</title>
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        <name>New Zealand Dollar</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GMR Energy Ltd.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>NCR Voyix Corp.</name>
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        <name>Mondelez International, Inc.</name>
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        <name>Sandstone Peak III Ltd.</name>
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        <name>ITG Communications LLC</name>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <name>Golden Ray SA-Compartment 1</name>
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      </invstOrSec>
      <invstOrSec>
        <name>COLT Mortgage Loan Trust</name>
        <lei>213800DOQUYA3TO33M98</lei>
        <title>COLT Mortgage Loan Trust, Series 2025-7, Class B1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ajax Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Ajax Mortgage Loan Trust, Series 2021-E, Class SA</title>
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          <isin value="US009740AH49"/>
          <other otherDesc="Inhouse Asset ID" value="009740AH4"/>
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        <curCd>USD</curCd>
        <valUSD>9033.29000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.00001080</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Variable Rate Notes, Series 2024-91, Class FA</title>
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          <isin value="US3136BTYT46"/>
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        <curCd>USD</curCd>
        <valUSD>48486255.54000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.82775840</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
        <lei>N/A</lei>
        <title>Six Flags Entertainment Corp.</title>
        <cusip>83003AAA8</cusip>
        <identifiers>
          <isin value="US83003AAA88"/>
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        <balance>9801000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sapphire XXXII Trust</name>
        <lei>N/A</lei>
        <title>Sapphire XXXII Trust, Series 2025-1, Class A1L</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU3FN0096822"/>
          <other otherDesc="Inhouse Asset ID" value="BYDG5MPH8"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Pepper Residential Securities Trust No. 41</name>
        <lei>N/A</lei>
        <title>Pepper Residential Securities Trust No. 41, Series 41, Class A2</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU3FN0101465"/>
          <other otherDesc="Inhouse Asset ID" value="BYDRFAKH4"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.44435618"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-07-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.44880030</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COLT Mortgage Loan Trust</name>
        <lei>213800A53WDNKWGEVL75</lei>
        <title>COLT Mortgage Loan Trust, Series 2025-12, Class A1LC</title>
        <cusip>19688UAC6</cusip>
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          <isin value="US19688UAC62"/>
          <other otherDesc="Inhouse Asset ID" value="19688UAC6"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2966446.50000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Service Corp. International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>Service Corp. International</title>
        <cusip>817565CE2</cusip>
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          <isin value="US817565CE22"/>
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        <curCd>USD</curCd>
        <valUSD>1555600.26000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>GS Finance Corp.</name>
        <lei>549300FR80KBVO6DRL61</lei>
        <title>GS Finance Corp.</title>
        <cusip>40058XL69</cusip>
        <identifiers>
          <isin value="US40058XL694"/>
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        <balance>62541000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60811178.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.35000120</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2020-VIV4, Class A</title>
        <cusip>05608MAA4</cusip>
        <identifiers>
          <isin value="US05608MAA45"/>
          <other otherDesc="Inhouse Asset ID" value="05608MAA4"/>
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        <balance>2733497.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2528051.47000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.84300000</annualizedRt>
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      <invstOrSec>
        <name>SDAL Trust</name>
        <lei>N/A</lei>
        <title>SDAL Trust, Series 2025-DAL, Class A</title>
        <cusip>78437RAA7</cusip>
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          <isin value="US78437RAA77"/>
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        <balance>4137000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4140645.52000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.06670920</annualizedRt>
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      <invstOrSec>
        <name>Boots Group Finco LP</name>
        <lei>254900YVLYOVF1PF1N93</lei>
        <title>Boots Group Finco LP</title>
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          <isin value="XS3134602070"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Prudential plc</title>
        <cusip>N/A</cusip>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
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      <invstOrSec>
        <name>Vedanta Resources Finance II plc</name>
        <lei>8945002DGA3BBXO3N634</lei>
        <title>Vedanta Resources Finance II plc</title>
        <cusip>N/A</cusip>
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          <isin value="XS3427418788"/>
          <other otherDesc="Inhouse Asset ID" value="BYJ75L2D8"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4975000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Nationwide Building Society</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>Nationwide Building Society</title>
        <cusip>N/A</cusip>
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          <isin value="XS3086813436"/>
          <other otherDesc="Inhouse Asset ID" value="BYDKYJL47"/>
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        <balance>1100000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley ABS Capital I, Inc. Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley ABS Capital I, Inc. Trust, Series 2005-HE5, Class M4</title>
        <cusip>61744CUV6</cusip>
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          <isin value="US61744CUV61"/>
          <other otherDesc="Inhouse Asset ID" value="61744CUV6"/>
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        <balance>7873432.05640000</balance>
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        <curCd>USD</curCd>
        <valUSD>6650562.08000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Triaxx Prime CDO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>AREIT LLC</name>
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        <name>Kingdom of Spain</name>
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        <name>N/A</name>
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        <name>Antares CLO Ltd.</name>
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        <name>Japan</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bain Capital Credit CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth Bank of Australia</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invesco Euro CLO IV DAC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Youni Italy SRL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sony Group Corp.</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>Sony Group Corp.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Guatemala</name>
        <lei>529900QKDFFU9UWW5315</lei>
        <title>Republic of Guatemala</title>
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        <invCountry>GT</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>XP, Inc.</name>
        <lei>5493008KDA8NBZRJST80</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Islamic Republic of Pakistan</name>
        <lei>529900LOP29R5WKHOD86</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Standard Chartered plc</name>
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        <title>Standard Chartered plc</title>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10051800.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New Immo Holding SA</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New Mountain CLO 3 Ltd.</name>
        <lei>549300CEYMYPINCEX579</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Owens-Brockway Glass Container, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gallatin CLO VIII Ltd.</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CRC Insurance Group LLC</name>
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        <title>CRC Insurance Group LLC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PetSmart LLC</name>
        <lei>894500NGJMHSFNESGA67</lei>
        <title>PetSmart LLC</title>
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        <name>Together Asset-Backed Securitisation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toucan FinCo. Ltd.</name>
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        <name>Finance Ireland Auto Receivables No. DAC</name>
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        <name>Iskandar Enterprise LLC</name>
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        <name>Mattamy Group Corp.</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <name>TAGUS-Sociedade de Titularizacao de Creditos SA</name>
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        <name>GreenPoint Mortgage Funding Trust</name>
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        <name>Albion Financing 1 SARL</name>
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        <name>APLD ComputeCo 3 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Ukraine</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Sisecam UK plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Madison Park Funding XIV Ltd.</name>
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        <name>BlueMountain CLO XXIX Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sartorius Finance BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Whitebox CLO V Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Benefit Street Partners CLO V-B Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Turkiye (The)</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
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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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        <name>Nissan Motor Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SC Austria SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>National Australia Bank Ltd.</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
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          <other otherDesc="Inhouse Asset ID" value="BYDN89763"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Diameter Capital CLO 1 Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US25255FAG00"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Asimi Funding plc</name>
        <lei>213800AXPL92U14G2M23</lei>
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          <isin value="XS3219320887"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Sekisui House Ltd.</title>
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          <isin value="JP3420600003"/>
          <other otherDesc="Inhouse Asset ID" value="S67939066"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Avoca CLO XVIII DAC</name>
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        <name>SCG Commercial Mortgage Trust</name>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <name>Harben Finance</name>
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        <name>Paramount Global</name>
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        <name>JumpCloud, Inc., Series E-1</name>
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        <name>SLG Office Trust</name>
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        <name>Cas Capital No. 2 Ltd.</name>
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        <name>College Avenue Student Loans LLC</name>
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        <name>Blue Racer Midstream LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freeport Indonesia PT</name>
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        <name>Pilgrim's Pride Corp.</name>
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        <name>SG Residential Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Manufacturers &amp; Traders Trust Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tesla, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Quarzo SRL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>J.P. Morgan Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Severn Trent Utilities Finance plc</name>
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        <name>Twin Bridges plc</name>
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        <name>Nickel Resources International Holdings Co. Ltd.</name>
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        <name>Yum! Brands, Inc.</name>
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        <name>Anthropic PBC, Series F</name>
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        <name>Directv Financing LLC</name>
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        <name>Bayview Commercial Asset Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Affirm Asset Securitization Trust</name>
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        <name>IVY Hill Middle Market Credit Fund XVIII Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Co-Operative Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Saudi Arabian Oil Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kennedy Lewis CLO 4 Ltd.</name>
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        <name>Citigroup, Inc.</name>
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        <name>OCP CLO Ltd.</name>
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        <name>CQP Holdco LP</name>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <name>Zeitview</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Braccan Mortgage Funding plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Whitebox CLO III Ltd.</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>Polaris plc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Cross Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MVM Energetika Zrt.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Trust 2401</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <name>N/A</name>
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        <title>Cathay Financial Holding Co. Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHG Healthcare Services, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barings CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carrington Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nidda Healthcare Holding GmbH</name>
        <lei>N/A</lei>
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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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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Flutter Financing BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>245 Park Avenue Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Betclic Everest Group</name>
        <lei>N/A</lei>
        <title>Betclic Everest Group, Facility 1st Lien Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BCPE Empire Holdings, Inc.</name>
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        <cusip>05550HAT2</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Suisse First Boston Mortgage Securities Corp.</name>
        <lei>N/A</lei>
        <title>Credit Suisse First Boston Mortgage Securities Corp., Series 2004-CF2, Class 1B</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KKR Financial CLO Ltd.</name>
        <lei>549300ZUUB37M3VWNC17</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>AFG Trust</name>
        <lei>N/A</lei>
        <title>AFG Trust, Series 2026-1, Class A1L</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PKHL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>PKHL Commercial Mortgage Trust, Series 2021-MF, Class F</title>
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          <isin value="US69356GAQ29"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SG Mortgage Securities Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Graphic Packaging International LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KRE Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fortuna Consumer Loan ABS DAC</name>
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          <isin value="XS2746465272"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIB Group plc</name>
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          <isin value="XS2959514519"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Melco Resorts Finance Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>Multiversity SpA</issuerName>
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        <fairValLevel>2</fairValLevel>
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        <name>CRNCL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clariane SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Grifols SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARES Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of the Philippine Islands</name>
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        <title>Bank of the Philippine Islands</title>
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        <name>Cloud Software Group, Inc.</name>
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        <name>Federal Republic of Nigeria</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Crown Point CLO 9 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Auto Abs Spanish Loans Fondo De Titulizacion</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Muangthai Capital PCL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EG FincoLtd.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lanebrook Mortgage Transaction plc</name>
        <lei>213800KIKUC4SBO49X16</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELM Trust</name>
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          <isin value="US26860XAU54"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ajax Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Ajax Mortgage Loan Trust, Series 2022-A, Class C</title>
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          <isin value="US009695AH02"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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          <isin value="US31410KD841"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fanatics Holdings, Inc.</name>
        <lei>254900SDMEGPMGGZLF87</lei>
        <title>Fanatics Holdings, Inc.</title>
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          <other otherDesc="Inhouse Asset ID" value="BRWWAH4F9"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Bank of Ireland Group plc</name>
        <lei>635400C8EK6DRI12LJ39</lei>
        <title>Bank of Ireland Group plc</title>
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          <isin value="XS2528657567"/>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>London Cards No3 plc</name>
        <lei>N/A</lei>
        <title>London Cards No. 3 plc, Series 3X, Class C</title>
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          <isin value="XS3201308676"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Insignia (Daintree Bidco Pty Ltd)</name>
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        <title>Insignia (Daintree Bidco Pty Ltd), 1st Lien Term Loan B</title>
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        <fairValLevel>3</fairValLevel>
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        <name>Autonoria Spain FT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
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        <name>J.P. Morgan Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Grifols International Services USA, Inc.</name>
        <lei>N/A</lei>
        <title>Grifols International Services USA, Inc., 1st Lien Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Braccan Mortgage Funding plc</name>
        <lei>635400RGKRFPCFMYJF13</lei>
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          <isin value="XS2887186364"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Nippon Steel Corp.</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Bank of America N.A.</counterpartyName>
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      <invstOrSec>
        <name>RBC Capital Markets LLC</name>
        <lei>549300LCO2FLSSVFFR64</lei>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Arab Republic of Egypt</title>
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          <isin value="XS2989586941"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
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          <isin value="DE000A4DE982"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="3437526"/>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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      <invstOrSec>
        <name>Bletchley Park Funding plc</name>
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          <isin value="XS3075488950"/>
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        <fairValLevel>2</fairValLevel>
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        <name>National Health Investors, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Bulgaria</name>
        <lei>529900PG0XCL4LICL838</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>Sun Hung Kai Properties Capital Market Ltd.</issuerName>
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                <issuerName>ADLER Real Estate GmbH</issuerName>
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        <name>Allied Credit ABS Trust</name>
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          <isin value="AU3FN0108932"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Builders &amp; Contractors Supply Co., Inc.</name>
        <lei>549300H5GQ4C1BEKG397</lei>
        <title>American Builders &amp; Contractors Supply Co., Inc.</title>
        <cusip>024747AG2</cusip>
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        <valUSD>417443.96000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dwight Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>Endeavour Trade And Investment Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DBC Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vmed O2 UK Financing I plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Promigas SA ESP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Panorama Auto Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Golub Capital Partners CLO 78M</name>
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        <name>N/A</name>
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        <name>INEOS US Finance LLC</name>
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        <name>SMB Private Education Loan Trust</name>
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        <name>Republic Finance Issuance Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RLGH Finance Bermuda Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wireless PropCo Funding LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ION Platform Finance SARL</name>
        <lei>N/A</lei>
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          <isin value="US46206RAD70"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
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          <isin value="XS2598063480"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>Electricite de France SA</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Avoca CLO XVIII DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Carlsberg Breweries A/S</name>
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        <title>Carlsberg Breweries A/S</title>
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        <name>BX Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Harvest CLO XXIII DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enel SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hermitage plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series 2025H</title>
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        <name>MDGH GMTN RSC Ltd.</name>
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        <name>Mineral Resources Ltd.</name>
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        <name>Jackson National Life Global Funding</name>
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        <name>Nippon Steel Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SC Germany SA Compartment Consumer</name>
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        <name>Trimaran CAVU Ltd.</name>
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        <name>Raiffeisen Bank International AG</name>
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        <name>Ecopetrol SA</name>
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        <name>Cesar SpA</name>
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        <name>Federative Republic of Brazil</name>
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        <title>Letras do Tesouro Nacional Treasury Bills</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Upgrade Master Pass-Thru Trust</name>
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        <name>Fashion Show Mall LLC</name>
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        <name>Sound Point Euro CLO III Funding DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Govt of the Hong Kong Special Admin Region of the People Republic of China (The)</name>
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        <name>A&amp;D Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gemgarto plc</name>
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        <name>Hops Hill No. 5 plc</name>
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        <name>Whatabrands LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Australia Bank Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aston Martin Capital Holdings Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TAGUS-Sociedade de Titularizacao de Creditos SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Multiversity SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Securities LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CarVal CLO I Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>PacifiCorp</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>OVH Groupe SA</name>
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        <name>Arab Republic of Egypt</name>
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        <name>Japan</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AM Green BV</name>
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        <name>Dave &amp; Buster's, Inc.</name>
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        <name>Anchorage Capital CLO 29 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Origen Manufactured Housing Contract Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Park Blue CLO 2025-VII Ltd.</name>
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        <name>Iceland Bondco plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Golden Bar Securitisation SRL</name>
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        <name>Clarify Health Solutions, Inc.</name>
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        <name>OCP Euro CLO DAC</name>
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        <name>RBC Capital Markets LLC</name>
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        <name>N/A</name>
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        <title>NDIRS</title>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>N/A</name>
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        <name>British American Tobacco plc</name>
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        <name>TER Finance Jersey Ltd.</name>
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        <name>Republic of Turkiye (The)</name>
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        <name>Novelis Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Reperforming Loan REMIC Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GAMMA Sociedade de Titularizacao de Creditos SA Consumer Totta 3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MLTI Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cobham Ultra SeniorCo SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Elmwood CLO 23 Ltd.</name>
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        <name>Triaxx Prime CDO Ltd.</name>
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        <name>Bank Negara Indonesia Persero Tbk. PT</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HarborView Mortgage Loan Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Turk Telekomunikasyon A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Bank of America N.A.</counterpartyName>
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        <name>Benchmark Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arini European CLO II DAC</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CONE Trust</name>
        <lei>N/A</lei>
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          <isin value="US20682AAN00"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
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          <isin value="US09629VAE39"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mariner Finance Issuance Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Signal Peak CLO 8 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ajax Mortgage Loan Trust</name>
        <lei>N/A</lei>
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          <isin value="US009691AC01"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>C-BASS Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Romania New Leu</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Red &amp; Black Auto Italy SRL</name>
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        <fairValLevel>2</fairValLevel>
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        <title>iShares MSCI Emerging Markets ETF</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OakEagle AcquireCo, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Engineering - Ingegneria Informatica - SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bank AG</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pacific National Finance Pty. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OCP CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Auto1 Car Funding SARL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Finsbury Square Green plc</name>
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      <invstOrSec>
        <name>Spirit Airlines Pass Through Trust</name>
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        <name>Verdelite Static CLO Ltd.</name>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <name>Polaris plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ares European CLO XII DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Klabin SA</name>
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        <name>GreenSky Home Improvement Issuer Trust</name>
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        <name>N/A</name>
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        <name>Albertsons Cos., Inc.</name>
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        <name>Hungary</name>
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        <name>Hops Hill No. 3 plc</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Buyer Ltd.</name>
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          <isin value="XS2929941503"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CP ALL PCL</name>
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          <isin value="TH0737010Y16"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>XPLR Infrastructure Operating Partners LP</name>
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          <isin value="US98379YAA01"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bell Telephone Co. of Canada or Bell Canada</name>
        <lei>5493000G3EFX9S7TDE29</lei>
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          <isin value="US0778FPAP47"/>
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        <balance>1552000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-15</maturityDt>
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      <invstOrSec>
        <name>Nomura Asset Acceptance Corp. Alternative Loan Trust</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-25</maturityDt>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="DE000A2E4K43"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Barclays Bank</counterpartyName>
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                <issuerName>N/A</issuerName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>RapidSOS, Inc.</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="BRYTBH9X9"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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        <name>Danish Krone</name>
        <lei>N/A</lei>
        <title>Danish Krone</title>
        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Queensland Treasury Corp.</name>
        <lei>98INKCEEHOU5YJS0HQ88</lei>
        <title>Queensland Treasury Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="XS3045728683"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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                <issuerName>Vistra Operations Co. LLC</issuerName>
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      <invstOrSec>
        <name>Synchrony Financial</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>Synchrony Financial</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>213800IRNLDELLG4XV07</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>NDIRS</title>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Charles River Laboratories International, Inc.</name>
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        <name>Northwoods Capital 19 Euro DAC</name>
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        <name>Venture Global LNG, Inc.</name>
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        <name>Auto ABS Italian Stella Loans SRL</name>
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        <name>Kingdom of Morocco</name>
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        <name>AAdvantage Loyalty IP Ltd.</name>
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        <name>Valaris Ltd.</name>
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        <name>Duke Energy Corp.</name>
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        <name>Latitude Australia Credit Card Master Trust</name>
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        <name>RBC Capital Markets LLC</name>
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        <name>Organon &amp; Co.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Newday Funding Master Issuer plc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Motorola Solutions, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MC Brazil Downstream Trading SARL</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Beazer Homes USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CBQ Finance Ltd.</name>
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        <name>St. Paul's CLO XII DAC</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>Oriental Republic of Uruguay</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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                <indexName>Markit CMBX North American BBB- 9</indexName>
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        <name>Hill FL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Homes Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
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        <title>Tenet Healthcare Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cedar Funding VII CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KKR CLO 34 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>ARES XLIV CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Golub Capital Partners CLO Ltd.</name>
        <lei>2549003VC5PGFRGCQU51</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLT Mortgage Loan Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Hops Hill NO 6 plc</name>
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        <name>Toro European CLO 2 DAC</name>
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        <name>Builders FirstSource, 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>BNP Paribas SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bear Stearns Asset-Backed Securities I Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AIMCO CLO 22 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ukraine</name>
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        <name>Golden Ray SA-Compartment 1</name>
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        <name>Veolia Environnement SA</name>
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        <name>BFLD Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <name>Carlyle Euro CLO DAC</name>
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        <name>Barclays Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hops Hill NO 6 plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PCL Funding XII plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Bryant Park Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Iron Mountain Information Management Services, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Santander Mortgage Asset Receivable Trust</name>
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        <name>Deephaven Residential Mortgage Trust</name>
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        <name>Arab Republic of Egypt</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SoftBank Group Corp.</name>
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        <name>ESC Investments &amp; Realty Corp., Inc.</name>
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        <name>Energean Israel Finance Ltd.</name>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <name>ByteDance Ltd., Series E-1</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
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        <name>Deephaven Residential Mortgage Trust</name>
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        <name>Euro Parfums Fze</name>
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        <name>Alexandrite Monnet UK Holdco plc</name>
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        <name>Dynamo Newco II GmbH</name>
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        <name>Texas Debt Capital Euro CLO DAC</name>
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        <name>Trinitas CLO XXV Ltd.</name>
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        <name>Turkcell Iletisim Hizmetleri A/S</name>
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        <name>Kingdom of Spain</name>
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        <name>Tallgrass Energy Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Seagate Data Storage Technology Pte. Ltd.</name>
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        <name>iShares Trust</name>
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        <name>NEXTDC Ltd.</name>
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        <name>Navient Private Education Refi Loan Trust</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>Sound Point CLO IX Ltd.</name>
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        <name>Sixth Street CLO XXII Ltd.</name>
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        <name>APA Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bridge Street CLO IV Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>True Corp. PCL</name>
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        <name>Regional Management Issuance Trust</name>
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        <name>CVC Cordatus Loan Fund XIX DAC</name>
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        <name>Arab Republic of Egypt</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Signal Harmonic CLO I DAC</name>
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        <name>Vivion Investments SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aiven OY</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Clue Opco LLC</name>
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        <name>Qnity Electronics, Inc.</name>
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        <name>Newbridge Park CLO DAC</name>
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        <name>Pierpont BTL plc</name>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <name>Mortimer BTL plc</name>
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        <name>Engie SA</name>
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        <name>Bear Stearns Mortgage Funding Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Garden &amp; Pet Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EMRLD Borrower LP</name>
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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>Panorama Auto Trust</name>
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        <name>SF Holding Investment 2023 Ltd.</name>
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        <name>IQVIA, Inc.</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Red &amp; Black Auto Italy SRL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Braccan Mortgage Funding plc</name>
        <lei>2138006RXLKWX319BI66</lei>
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          <isin value="XS3305916416"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Rockford Tower Europe CLO DAC</name>
        <lei>635400NARJYDXJRPGF02</lei>
        <title>Rockford Tower Europe CLO DAC, Series 2025-1X, Class A</title>
        <cusip>N/A</cusip>
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          <isin value="XS3025432249"/>
          <other otherDesc="Inhouse Asset ID" value="BYDFMBDR6"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-25</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Pikes Peak CLO 6</name>
        <lei>635400BKNXKWEO3G2J74</lei>
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          <isin value="US72133BAC81"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Deep Blue Operating I LLC</name>
        <lei>254900D4FS23P1TU7R69</lei>
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          <isin value="US24369TAD37"/>
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        <curCd>USD</curCd>
        <valUSD>475893.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Allied Credit ABS Trust</name>
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          <isin value="AU3FN0108957"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Saluda Grade Alternative Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US795935AA37"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>Aegis Lux 1a SARL</name>
        <lei>529900WB6L9XYCR8YT98</lei>
        <title>Aegis Lux 1a SARL</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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        <name>Arbour CLO DAC</name>
        <lei>N/A</lei>
        <title>Arbour CLO DAC</title>
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          <isin value="XS2814888991"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Paraguay</name>
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        <title>Republic of Paraguay</title>
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          <isin value="USP75744AF25"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</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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        <name>Saudi Electricity Sukuk Programme Co.</name>
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                <issuerName>Allwyn Entertainment Financing UK plc</issuerName>
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        <name>LendingClub Rated Notes Issuer Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Ghana</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Discovery Purchaser Corp.</name>
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        <name>SoftBank Group Corp.</name>
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        <name>RMAC Securities No.1 plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bear Stearns ALT-A Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays Bank plc</name>
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        <name>London Bridge Mortgages plc</name>
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        <name>Broadcom, Inc.</name>
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        <name>Saudi Arabian Oil Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Dowson plc</name>
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        <name>N/A</name>
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        <name>iQIYI, Inc.</name>
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        <name>Bear Stearns Asset-Backed Securities I Trust</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Verus Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wand NewCo 3, Inc.</name>
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        <name>BAMLL Commercial Mortgage Securities Trust</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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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Silver Point SCF CLO VII Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arbor Realty Commercial Real Estate Notes LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Symphony CLO 30 Ltd.</name>
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        <name>Nelnet Student Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gogo Intermediate Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Signal Peak CLO 7 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Corp. Nacional del Cobre de Chile</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHL Mortgage Pass-Through Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rockford Tower CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Thunder Logistics DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Victory Street CLO II DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <title>Barrick Mining Corp.</title>
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        <name>Nissan Motor Acceptance Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Republic of Nigeria</name>
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        <name>Peraton Corp.</name>
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        <name>Asset-Backed European Securitisation Transaction Twenty-Five SRL</name>
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        <name>Albertsons Cos., Inc.</name>
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        <name>Penta CLO DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mosaic Co. (The)</name>
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        <name>Neuberger Berman Loan Advisers CLO 36R Ltd.</name>
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        <name>Neuberger Berman Loan Advisers Euro CLO DAC</name>
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        <name>Soundview Home Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Viking Cruises Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Eni SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Penta CLO DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Mexican States</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>iShares Trust</name>
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        <name>Nelnet Student Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Matador Bidco SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SMB Private Education Loan Trust</name>
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        <name>RB Global Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>New Immo Holding SA</name>
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        <name>Boyd Gaming Corp.</name>
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        <name>CIT Mortgage Loan Trust</name>
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        <name>US Foods, Inc.</name>
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        <name>Sandstone Peak IV Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dominion Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Idun European Loan Conduit No. 42 Sarl</name>
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        <name>Trimaran CAVU Ltd.</name>
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        <name>LT Autorahoitus V DAC</name>
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        <name>N/A</name>
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        <name>Travel + Leisure Co.</name>
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        <name>Avantor Funding, Inc.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Hermitage 2024 plc</name>
        <lei>635400OUUMGTAI2EJA52</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2847617078"/>
          <other otherDesc="Inhouse Asset ID" value="BYD4D1YL3"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-21</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Dominican Republic</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP3579ECV76"/>
          <other otherDesc="Inhouse Asset ID" value="BYD4J2DG9"/>
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        <balance>152950000.00000000</balance>
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        <currencyConditional curCd="DOP" exchangeRt="59.80000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.75000000</annualizedRt>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Angel Oak Mortgage Trust, Series 2020-R1, Class M1</title>
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          <isin value="US034651AD14"/>
          <other otherDesc="Inhouse Asset ID" value="034651AD1"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>558628.32000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Trinitas CLO XXIII Ltd.</name>
        <lei>635400HEV45BA22Y6W50</lei>
        <title>Trinitas CLO XXIII Ltd., Series 2023-23A, Class D1R</title>
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        <identifiers>
          <isin value="US89642TAU79"/>
          <other otherDesc="Inhouse Asset ID" value="89642TAU7"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2002792.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.57523080</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PMF plc</name>
        <lei>635400CIMKRXMLBEGI82</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2701158029"/>
          <other otherDesc="Inhouse Asset ID" value="BRYUR9586"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-07-16</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Red &amp; Black Auto Italy SRL</name>
        <lei>8156003B1C9DCDE30892</lei>
        <title>Red &amp; Black Auto Italy SRL, Series 2, Class B</title>
        <cusip>N/A</cusip>
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          <isin value="IT0005560278"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.00899960</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Household Capital RMBS</name>
        <lei>N/A</lei>
        <title>Household Capital RMBS, Series 2025-1, Class A</title>
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        <identifiers>
          <isin value="AU3FN0099164"/>
          <other otherDesc="Inhouse Asset ID" value="Z973B20S3"/>
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        <balance>5221149.57000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44435618"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2087-07-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.23140045</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Banco Espirito Santo SA</name>
        <lei>635400JV7IJL16OWIT96</lei>
        <title>Banco Espirito Santo SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTBEQKOM0019"/>
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        <balance>6100000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
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        <pctVal>0.003168168987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>Y</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ZF Invest</name>
        <lei>N/A</lei>
        <title>ZF Invest, Facility 1st Lien Term Loan B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYJ00UBU0"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
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        <pctVal>0.004703857457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Mountain CLO 5 Ltd.</name>
        <lei>2549000KVE2J1UOHZ207</lei>
        <title>New Mountain CLO 5 Ltd., Series CLO-5A, Class D1R</title>
        <cusip>64754WAQ6</cusip>
        <identifiers>
          <isin value="US64754WAQ69"/>
          <other otherDesc="Inhouse Asset ID" value="64754WAQ6"/>
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        <balance>1010000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1010450.06000000</valUSD>
        <pctVal>0.002087740215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.82522920</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIC Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0267001375"/>
          <other otherDesc="Inhouse Asset ID" value="S61961520"/>
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        <balance>713000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84285000"/>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>Bank of America N.A.</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CVB Financial Corp.</title>
        <cusip>126600105</cusip>
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          <isin value="US1266001056"/>
          <other otherDesc="Inhouse Asset ID" value="126600105"/>
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        <balance>-72435.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-148491.75000000</valUSD>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>Whitebox CLO IV Ltd.</name>
        <lei>549300SN372GTCE2YI66</lei>
        <title>Whitebox CLO IV Ltd., Series 2023-4AR, Class A1R2</title>
        <cusip>96467KBC2</cusip>
        <identifiers>
          <isin value="US96467KBC27"/>
          <other otherDesc="Inhouse Asset ID" value="96467KBC2"/>
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        <balance>14750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14750000.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00587000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gen Digital, Inc.</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
        <title>Gen Digital, Inc.</title>
        <cusip>668771AK4</cusip>
        <identifiers>
          <isin value="US668771AK49"/>
          <other otherDesc="Inhouse Asset ID" value="668771AK4"/>
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        <balance>2469000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2476448.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Santander Consumo 10 FT</name>
        <lei>N/A</lei>
        <title>Santander Consumo 10 FT, Series 10, Class C</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0306018039"/>
          <other otherDesc="Inhouse Asset ID" value="BYJ0Q85S3"/>
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        <balance>4900000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
        <valUSD>5605839.20000000</valUSD>
        <pctVal>0.011582498138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <name>Chow Tai Fook Jewellery Group Ltd.</name>
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        <name>Government National Mortgage Association</name>
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        <name>WEX, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tecta America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Delek Logistics Partners LP</name>
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        <name>Securitized Asset-Backed Receivables LLC Trust</name>
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        <name>Red &amp; Black Auto Germany 10 UG</name>
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        <name>Bear Stearns Asset-Backed Securities I Trust</name>
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        <name>National Fuel Gas Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fortuna Consumer Loan ABS DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Nissan Motor Co. Ltd.</name>
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        <name>Ursa Major Technologies, Inc., Series D</name>
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        <name>Fairbridge BV</name>
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        <name>N/A</name>
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        <name>Patrick Terminals Finance Pty. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen International Finance NV</name>
        <lei>5299004PWNHKYTR23649</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Frontier Mortgage Funding plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <title>BeOne Medicines Ltd., Class H</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Open Text Holdings, Inc.</name>
        <lei>391200TOWHX99FWE8G92</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fidelity Grand Harbour CLO DAC</name>
        <lei>635400KEG2CHBBPUQL38</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Symphony CLO 41 Ltd.</name>
        <lei>N/A</lei>
        <title>Symphony CLO 41 Ltd., Series 2024-41A, Class C</title>
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          <isin value="US871971AG27"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Axalta Coating Systems LLC</name>
        <lei>549300G80QONCHILSF69</lei>
        <title>Axalta Coating Systems LLC</title>
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        <balance>1481000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="BYJ774566"/>
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        <balance>-20728949.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Societe Generale SA</counterpartyName>
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>Pikes Peak CLO 12 Ltd.</name>
        <lei>21380087HZCMQFA48I12</lei>
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          <isin value="US72133LAM46"/>
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        <balance>3695000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sompo Holdings, Inc.</name>
        <lei>353800CWW4SRGEYEB512</lei>
        <title>Sompo Holdings, Inc.</title>
        <cusip>N/A</cusip>
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          <isin value="USJ7621AAB73"/>
          <other otherDesc="Inhouse Asset ID" value="BYJ2PHCC7"/>
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        <balance>9950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9768469.31000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.41100000</annualizedRt>
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      <invstOrSec>
        <name>Guotai Junan Holdings Ltd.</name>
        <lei>254900LPP2WWVAHJTP31</lei>
        <title>Guotai Junan Holdings Ltd.</title>
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          <isin value="XS3222775630"/>
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        <balance>8000000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84285000"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Guotai Junan International Holdings Ltd.</name>
              <title>Guotai Junan International Holdings Ltd.</title>
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            <currencyInfo convRatio="235.84905700" curCd="HKD"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SoftBank Group Corp.</name>
        <lei>5493003BZYYYCDIO0R13</lei>
        <title>SoftBank Group Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2361255057"/>
          <other otherDesc="Inhouse Asset ID" value="BRWP257E9"/>
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        <balance>10687000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>Newell Brands, Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>Newell Brands, Inc.</title>
        <cusip>651229BG0</cusip>
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          <isin value="US651229BG06"/>
          <other otherDesc="Inhouse Asset ID" value="651229BG0"/>
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        <balance>841000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>878649.89000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Nelnet Student Loan Trust</name>
        <lei>N/A</lei>
        <title>Nelnet Student Loan Trust, Series 2021-A, Class B2</title>
        <cusip>64035DAJ5</cusip>
        <identifiers>
          <isin value="US64035DAJ54"/>
          <other otherDesc="Inhouse Asset ID" value="64035DAJ5"/>
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        <balance>38500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34646377.15000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Whitebox CLO III Ltd.</name>
        <lei>549300JXCQSPB1A61C68</lei>
        <title>Whitebox CLO III Ltd., Series 2021-3A, Class SUB</title>
        <cusip>96467JAC6</cusip>
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          <isin value="US96467JAC62"/>
          <other otherDesc="Inhouse Asset ID" value="96467JAC6"/>
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        <balance>11345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5747776.34000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00001095</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>KraneShares CSI China Internet ETF</title>
        <cusip>00CC240E1</cusip>
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          <isin value="US00CC240E10"/>
          <other otherDesc="Inhouse Asset ID" value="Z974NQ1N5"/>
          <other otherDesc="Option Ticker" value="KWEB UC 07/17/26 C31 Equity"/>
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        <balance>10500.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6507.48000000</valUSD>
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        <assetCat>DE</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Granite Ridge Resources, Inc.</name>
        <lei>254900CAHJQKOQ1YZC67</lei>
        <title>Granite Ridge Resources, Inc.</title>
        <cusip>387432AA5</cusip>
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          <isin value="US387432AA56"/>
          <other otherDesc="Inhouse Asset ID" value="387432AA5"/>
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        <balance>58219000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57659979.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NDIRS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYJ46AUP0"/>
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        <balance>71000000.00000000</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.07750000"/>
        <valUSD>-29503.08000000</valUSD>
        <pctVal>-0.00006095775</pctVal>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
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        <name>ECARAT DE SA Compartment Lease</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Mila BV</name>
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        <name>Audax Senior Debt CLO LLC</name>
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        <name>Golden Bar Securitisation SRL</name>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <name>Republic Finance Issuance Trust</name>
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        <name>AES Andes SA</name>
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        <name>Ajax Mortgage Loan Trust</name>
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        <name>Becton Dickinson &amp; Co.</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northwoods Capital XIV-B Ltd.</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>Structured Asset Mortgage Investments II Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Turk Telekomunikasyon A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Nelnet Student Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Molossus BTL plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JFL-Tiger Acquisition Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Polaris plc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Finsbury Square plc</name>
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        <name>Hermitage 2026 plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RBC Capital Markets LLC</name>
        <lei>549300LCO2FLSSVFFR64</lei>
        <title>RBC Capital Markets LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>New World China Land Ltd.</name>
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        <name>Credit-Based Asset Servicing &amp; Securitization LLC</name>
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        <name>Penta CLO 6 DAC</name>
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        <lei>88Q84GB3X55CF5OC7582</lei>
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        <name>Great Lakes CLO VII Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BankAmerica Manufactured Housing Contract Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Congolese International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PRKCM Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Boels Topholding BV</name>
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        <name>Wynn Macau Ltd.</name>
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        <name>Noria DE</name>
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        <name>Auto1 Car Funding SARL</name>
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        <name>ADLER Group SA</name>
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        <title>ADLER Group SA</title>
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        <fairValLevel>3</fairValLevel>
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        <name>SoftBank Group Corp.</name>
        <lei>5493003BZYYYCDIO0R13</lei>
        <title>SoftBank Group Corp.</title>
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        <name>GAMMA Sociedade de Titularizacao de Creditos SA Consumer Totta 3</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Advanced Micro Devices, Inc.</name>
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        <name>Anchorage Capital CLO 9 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SBA Communications Corp.</name>
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        <name>KeHE Distributors LLC</name>
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        <name>Sixth Street CLO XII Ltd.</name>
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        <name>VDK Groep BV</name>
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        <name>Heimstaden AB</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Morgan Stanley</name>
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        <name>Vantage Data Centers Germany Borrower Lux SARL</name>
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        <name>Sisecam UK plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMDB Commercial Mortgage Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Reese Park CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Navient Refinance Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COLT Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Navient Refinance Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gemgarto plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bolivarian Republic of Venezuela</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital Four CLO VIII DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barbados</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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      <invstOrSec>
        <name>Wynn Macau Ltd.</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
        <title>Wynn Macau Ltd.</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Aethon United BR 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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        <name>Garda World Security Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tennessee Housing Development Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Polaris plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bbva Consumer Auto FT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cairn CLO XX DAC</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>Federal Republic of Nigeria</name>
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        <name>Trestles CLO IX Ltd.</name>
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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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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Progress Residential Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bell Telephone Co. of Canada or Bell Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <title>Johnson Controls International plc</title>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Residential Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Quarz International, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>OHA Credit Partners XVII Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Mountain CLO 2 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
        <lei>254900IG6Y30I2QE2R92</lei>
        <title>Sri Lanka Government Bond</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Pikes Peak CLO 18</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Perimeter Master Note Business Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rakuten Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Greystone CRE Notes 2025 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Raizen Fuels Finance SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Romania</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greenko Wind Projects Mauritius Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Clariant International Financial Services Luxembourg Sarl</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Golden Bar Securitisation SRL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Plurinational State of Bolivia</name>
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        <name>Republic of Singapore</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arab Republic of Egypt</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>UK Logistics DAC</name>
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        <name>SGB-SMIT MidCo GmbH</name>
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        <name>CML The Ben</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Warwick Capital CLO 7 Ltd.</name>
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        <name>Project Alpha Intermediate Holding, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Navoi Mining &amp; Metallurgical Co.</name>
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        <name>Starwood Property Trust, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Continuum Energy Aura Pte. Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ION Platform Finance US, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Icon Parent I, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wellfleet CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hellenic Republic</name>
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        <name>SSE plc</name>
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        <name>First Horizon Alternative Mortgage Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Commercial Mortgage Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Otsuka Corp.</title>
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        <name>CNX Resources Corp.</name>
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        <name>Palmer Square CLO Ltd.</name>
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        <name>Ambac Assurance Corp.</name>
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        <name>Twin Bridges plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>J&amp;F LUXEMBOURG FINANCE SARL</name>
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        <name>Ares LXIII CLO Ltd.</name>
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        <name>Arcano Euro CLO IV DAC</name>
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        <name>Sunrise Spv 98 Srl</name>
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        <name>India Cleantech Energy</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sixth Street CLO XXV Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CarVal CLO I Ltd.</name>
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        <name>Asia Vital Components Co. Ltd.</name>
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        <name>British Telecommunications Ltd.</name>
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        <name>Verus Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rossini SARL</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <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>CML Hotel Adeline</name>
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        <fairValLevel>3</fairValLevel>
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        <name>CSAIL Commercial Mortgage Trust</name>
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        <name>Romania</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Herc Holdings, Inc.</name>
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        <name>Barclays Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>RCI Banque SA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global Plaquemines LNG LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Asbury Automotive Group, Inc.</name>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <name>Lummus Technology Holdings V LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Aldar Properties PJSC</name>
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        <name>AGL CLO 23 Ltd.</name>
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        <name>SC Germany SA Compartment Consumer</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Epic Games, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>California Buyer Ltd.</name>
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        <name>Equinix Asia Financing Corp. Pte. Ltd.</name>
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        <name>Vedanta Resources Finance II plc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Canyon CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Columbia Cent CLO 29 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tunisian Republic</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Regional Management Issuance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>USA Compression Partners LP</name>
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        <name>Block, Inc.</name>
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        <name>Canyon CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Contra Costa Community College District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sound Point Euro CLO III Funding DAC</name>
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        <name>MidOcean Credit CLO XI Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Booking Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vita Global Finco Ltd.</name>
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        <name>UKG, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenneco, Inc.</name>
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      <invstOrSec>
        <name>AGL Core CLO 36 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MCR Mortgage Trust</name>
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      <invstOrSec>
        <name>ECARAT DE SA Compartment</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Foundation Finance Trust</name>
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        <name>SC Germany SA Compartment Leasing</name>
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        <name>Dryden 61 CLO Ltd.</name>
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        <name>Trinitas CLO XI Ltd.</name>
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        <name>FIGRE Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Grupo Televisa SAB</name>
        <lei>549300O4AF0C816ILN62</lei>
        <title>Grupo Televisa SAB</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Adani Ports &amp; Special Economic Zone Ltd.</name>
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        <name>SoftBank Group Corp.</name>
        <lei>5493003BZYYYCDIO0R13</lei>
        <title>SoftBank Group Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Thaioil Treasury Center Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</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>Light &amp; Wonder International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Mortgage Loan Trust</name>
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        <name>J.P. Morgan Mortgage Trust</name>
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        <name>Henley CLO X DAC</name>
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        <name>Deephaven Residential Mortgage Trust</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Wilsonart LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>Screaming Eagle Acquistion Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Avoca CLO XVIII DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FIGRE Trust</name>
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          <isin value="US31684RAA68"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Finance Corp. International Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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              <title>Sands China Ltd.</title>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>SC Germany SA Compartment Consumer</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Structured Adjustable Rate Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sixth Street CLO XI Ltd.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Talen Energy Supply LLC</name>
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        <title>Talen Energy Supply LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Knowlton Development Corp., Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Ricoh Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3973400009"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Bank of America N.A.</counterpartyName>
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        <name>Crown PropTech Acquisitions</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Mutual Asset-Backed Certificates Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Quimper AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cotiviti, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aston Martin Capital Holdings Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>BRCK Trust</name>
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        <name>BBCMS Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dowson plc</name>
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          <isin value="XS2919891791"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Bidvest Group UK plc (The)</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Wellfleet CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Debt Capital Euro CLO DAC</name>
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        <name>CWABS Asset-Backed Certificates Trust</name>
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        <name>VanEck Semiconductor ETF</name>
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        <title>Localiza Rent a Car SA</title>
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        <name>DaVita, Inc.</name>
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        <name>Emirates Reit Sukuk III Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Apidos CLO XXXI</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Apidos CLO LIV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trinitas CLO XXXII Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stellantis NV</name>
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        <name>280 Park Avenue Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fibercop SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Mutual Asset-Backed Certificates Trust</name>
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        <name>Imperial Brands Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AB BSL CLO 3 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cellnex Finance Co. SA</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AutoFlorence 2 SRL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citizen Irish Auto Receivables Trust DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AES Andes SA</name>
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        <name>N/A</name>
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        <name>SHR Trust</name>
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        <name>Autonoria Spain</name>
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        <name>Sunoco LP</name>
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        <name>Digicel Group Holdings Ltd.</name>
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        <name>Ohsho Food Service Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NBK Tier 1 Ltd.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <title>Fuji Electric Co. Ltd.</title>
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        <name>Federative Republic of Brazil</name>
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        <name>China City Construction International Co. Ltd.</name>
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        <name>Carnival Corp. Ltd.</name>
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        <name>Galaxy 36 CLO Ltd.</name>
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        <name>Palmer Square CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Olympus Water US Holding Corp.</name>
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        <name>Morglas Abs plc</name>
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        <name>UK Logistics DAC</name>
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        <name>FS</name>
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        <name>Sibanye-Stillwater UK Financing plc</name>
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        <name>N/A</name>
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        <name>Esab Corp.</name>
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        <title>Esab Corp.</title>
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        <name>Lendingclub Rated Notes Issuer Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US02147DAU54"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Worldline SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OZLM XIX Ltd.</name>
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        <name>N/A</name>
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        <name>Jupiter Mortgage No. 1 plc</name>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US12642SAA50"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Hungary</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government Bond</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sage AR Funding</name>
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          <isin value="XS3032971031"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Henley CLO XII DAC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>GS Mortgage Securities Corp. Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>iShares Trust</name>
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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>FT Santander Consumer Spain Auto</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nishimatsuya Chain Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Shinhan Card Co. Ltd.</name>
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        <name>Tennessee Housing Development Agency</name>
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        <name>CIFC European Funding CLO II DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SC Germany SA Compartment Consumer</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Frontier Mortgage Funding plc</name>
        <lei>213800LC7EZKPEODCU70</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Barings Euro CLO DAC</name>
        <lei>5493007R4SFFXIAHHB67</lei>
        <title>Barings Euro CLO DAC, Series 2020-1A, Class CRR</title>
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        <name>Cyprium Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jupiter Borrower, Inc.</name>
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        <name>Option One Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Flatiron CLO 25 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sixth Street CLO XVII Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ellington Financial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Amentum Holdings, Inc.</name>
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        <name>Hermitage 2024 plc</name>
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        <name>COLT Mortgage Loan Trust</name>
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        <name>Caesars Entertainment, Inc.</name>
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      <invstOrSec>
        <name>Country Garden Holdings Co. Ltd.</name>
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        <name>Residential Mortgage Loan Trust</name>
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        <name>FS Rialto Issuer LLC</name>
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        <name>Marcobre SAC</name>
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        <name>Arab Republic of Egypt</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Titanium 2l Bondco SARL</name>
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        <name>East One plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DEMIRE Deutsche Mittelstand Real Estate AG</name>
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        <name>Ares LXXIV CLO Ltd.</name>
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        <name>Northwestern Mutual Global Funding</name>
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        <name>Verdelite Static CLO Ltd.</name>
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        <name>Vmed O2 UK Financing I plc</name>
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        <name>Navient Education Loan Trust</name>
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        <name>Nexstar Media, Inc.</name>
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        <name>A&amp;D Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Republic of Nigeria</name>
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        <name>Autonoria Spain FT</name>
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        <name>Althea Acquisition Bidco SARL</name>
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        <name>Voya CLO Ltd.</name>
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        <name>Lyra Music Assets Delaware LP</name>
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        <name>N/A</name>
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        <name>PENN Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ReNew Energy Global plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Sunrise Spv 98 Srl</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PennantPark CLO VII LLC</name>
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        <name>Global Switch Finance BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Satus plc</name>
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        <name>Indicor LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BlueMountain CLO Ltd.</name>
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        <name>ZF North America Capital, Inc.</name>
        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZF North America Capital, Inc.</title>
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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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        <name>Arini European CLO VII DAC</name>
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        <name>SM Energy Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PCL Funding IX plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>Genesis Energy LP</name>
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        <name>Pikes Peak CLO 10</name>
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        <name>APLD ComputeCo 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>CIFC European Funding CLO II DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Vonovia SE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Capital Certificates</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Foundation Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ziggo Bond Co. BV</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Fertitta Entertainment LLC</name>
        <lei>N/A</lei>
        <title>Fertitta Entertainment LLC, 1st Lien Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Alstria SARL</name>
        <lei>529900QIJIGPI0DRL085</lei>
        <title>alstria SARL</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Blackthorn Park CLO DAC</name>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>California Resources Corp.</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>California Resources Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tikehau CLO VI DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <title>OIS</title>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CME Group Inc.</counterpartyName>
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      <invstOrSec>
        <name>Virgin Media O2 Vendor Financing Notes VIII DAC</name>
        <lei>9845005B6BA02AB5D715</lei>
        <title>Virgin Media O2 Vendor Financing Notes VIII DAC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AES Corp. (The)</name>
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        <name>Massachusetts Institute of Technology</name>
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        <name>Basswood Park CLO Ltd.</name>
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        <name>Arini European CLO II DAC</name>
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        <name>Maya SAS</name>
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        <name>Sagard-HalseyPoint CLO 10 Ltd.</name>
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        <name>Battalion CLO XIX Ltd.</name>
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        <name>West China Cement Ltd.</name>
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        <name>RASC Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley &amp; Co LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RBC Capital Markets LLC</name>
        <lei>549300LCO2FLSSVFFR64</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Belden, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hungary</name>
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          <isin value="XS2558594391"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Auto Abs Spanish Loans Fondo De Titulizacion</name>
        <lei>9598007ZVMKDJKZFAC54</lei>
        <title>Auto Abs Spanish Loans Fondo De Titulizacion, Series 2026-1, Class D</title>
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          <isin value="ES0306016033"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlyle US CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Progroup AG</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Octagon 54 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sixth Street CLO XVI Ltd.</name>
        <lei>549300YD05LZSDNMVF16</lei>
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          <isin value="US83012DBQ51"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AutoFlorence 3 SRL</name>
        <lei>815600F88BB8BFD30863</lei>
        <title>AutoFlorence 3 SRL, Series 3, Class C</title>
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          <isin value="IT0005545725"/>
          <other otherDesc="Inhouse Asset ID" value="BRYJ1GKD5"/>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <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>1</fairValLevel>
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      <invstOrSec>
        <name>Goldstory SAS</name>
        <lei>969500NWR67ONUJD4A26</lei>
        <title>Goldstory SAS</title>
        <cusip>N/A</cusip>
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        <name>iShares Ethereum Trust ETF</name>
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        <name>HarborView Mortgage Loan Trust</name>
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        <name>FTAI Aviation Investors LLC</name>
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        <name>Hermitage 2026 plc</name>
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        <name>Auto ABS Italian Stella Loans SRL</name>
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        <name>BBAM US CLO VI Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GoTo Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Beignet Investor LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ukraine</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Houston Center</name>
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        <name>Stena International SA</name>
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        <name>OCS Group Holding Ltd.</name>
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          <other otherDesc="Inhouse Asset ID" value="BYDTAX6B4"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CD Mortgage Trust</name>
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        <name>EquipmentShare.com, 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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        <fairValLevel>2</fairValLevel>
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        <name>Star Energy Geothermal Wayang Windu Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Essendi SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NYC Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GGAM Finance Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Financial Services NV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <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>N/A</name>
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        <title>IRS</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Lendmark Funding Trust</name>
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        <name>Mila BV</name>
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        <name>Soundview Home Loan Trust</name>
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        <name>Vail Resorts, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NCL Corp. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lebanese Republic</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JumpCloud, Inc., Series F</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Rossini SARL</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cheniere Energy Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <name>Argentine Republic (The)</name>
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        <name>BRCK Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Danske Bank A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Upgrade Master Pass-Thru Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MF1 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Symphony CLO 40 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Silver Point Euro CLO DAC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Carlyle US CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Element Materials Technology Group US Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NYC Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Canyon Capital CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JetBlue Airways Corp.</name>
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        <name>Intrum Investments &amp; Financing AB</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Asset-Backed European Securitisation Transaction Twenty-Four SRL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Debt Capital Euro CLO DAC</name>
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          <isin value="XS3401024875"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Silver Point CLO 6 Ltd.</name>
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          <isin value="US82808MAA18"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OHA Credit Funding 10-R Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arbour CLO VI DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cedar Funding XIV CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Park Blue CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Zoom Communications, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing Corp.</counterpartyName>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Mirae Asset Securities Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cleveland-Cliffs, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Anchorage Capital CLO 18 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>Caesars Entertainment, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Wyndham Hotels &amp; Resorts, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INT Commercial Mortgage Trust</name>
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        <name>Hungary</name>
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        <title>Hungary Government Bond</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Dilosk Rmbs No. 8 Sts DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hong Kong Government Infrastructure Bond Programme</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Ajax Mortgage Loan Trust</name>
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        <name>CoreWeave, Inc.</name>
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        <name>CNX Resources Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MCR Mortgage Trust</name>
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        <name>California Street CLO IX LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Loire Finco Luxembourg SARL</name>
        <lei>N/A</lei>
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        <name>Fondo de Titulizacion Santander Consumo 9</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>N/A</name>
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        <name>Infrastrutture Wireless Italiane SpA</name>
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        <name>Fair Isaac Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ashtead Capital, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <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>Ajax Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenet Healthcare Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cameco Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ADT Security Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SG Residential Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Panorama Auto Trust</name>
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        <name>Symphony CLO 40 Ltd.</name>
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        <name>Vestis Corp.</name>
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        <name>IDOM, Inc.</name>
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        <title>IDOM, Inc.</title>
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        <name>Belfius Bank SA</name>
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        <title>Belfius Bank SA</title>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>OSG Corp.</title>
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        <name>Lewey Park CLO Ltd.</name>
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        <name>ARES Loan Funding I Ltd.</name>
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        <name>Diameter Capital CLO 2 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Studio City Finance Ltd.</name>
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        <name>LCM 34 Ltd.</name>
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        <name>Argentine Republic (The)</name>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <name>TAGUS - Sociedade de Titularizacao de Creditos SA</name>
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        <name>Kingdom of Spain</name>
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        <name>Arbor Realty Collateralized Loan Obligation Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ERO Copper Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Brignole Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trinitas CLO XXIII Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>BX Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Securities LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Harben Finance</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Voya CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <title>Mitsubishi Heavy Industries Ltd.</title>
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      <invstOrSec>
        <name>American Residential Services LLC</name>
        <lei>549300UXCBZIG9PCNR39</lei>
        <title>American Residential Services LLC, 1st Lien Term Loan</title>
        <cusip>02927HAK4</cusip>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <name>Trinitas CLO XXXV Ltd.</name>
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        <name>Elect Global Investments Ltd.</name>
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        <name>United Airlines Holdings, Inc.</name>
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        <name>AREIT Ltd.</name>
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        <name>Deep Instinct Ltd.</name>
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        <name>Satus plc</name>
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        <name>Sixth Street CLO XX Ltd.</name>
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        <name>Republic of Cote d'Ivoire</name>
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        <name>Motion Finco SARL</name>
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        <name>Trustee for Progress Trust (The)</name>
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        <name>Commonwealth Financing Authority</name>
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        <fairValLevel>3</fairValLevel>
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        <name>United Mexican States</name>
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        <name>TAGUS-Sociedade de Titularizacao de Creditos SA</name>
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        <name>Select Medical Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BlueMountain CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Bright Machines, Inc.</name>
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        <name>Republic of Benin</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Zelis Payments Buyer, Inc.</name>
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        <title>Amentum Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Asset-Backed European Securitisation Transaction Twenty-Four SRL</name>
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        <name>Muthoot Finance Ltd.</name>
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        <name>Providus CLO II DAC</name>
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        <name>HalseyPoint CLO 6 Ltd.</name>
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        <name>OCP CLO Ltd.</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rocket Mortgage LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CQS US CLO Ltd.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fidelity Grand Harbour CLO DAC</name>
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          <isin value="XS2991308607"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Power Finance Corp. Ltd.</name>
        <lei>3358003Q6D9LIJJZ1614</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Saudi Awwal Bank</name>
        <lei>558600TQS0WENZUC5190</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Playtika Holding Corp.</name>
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        <title>Playtika Holding Corp., Facility 1st Lien Term Loan B1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
        <lei>254900MN6N176YEZLX15</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CSMC Trust</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Silver Point Euro CLO DAC</name>
        <lei>254900E59SU5T0V8CI79</lei>
        <title>Silver Point Euro CLO DAC, Series 1A, Class D</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WRKCo, Inc.</name>
        <lei>549300JEB576INN13W07</lei>
        <title>WRKCo, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley Bank NA</name>
        <lei>G1MLHIS0N32I3QPILB75</lei>
        <title>Morgan Stanley Bank NA</title>
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        <name>Venture 31 CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bbva Consumer Fondo de Titulizacion</name>
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        <name>SLG Commercial Mortgage Trust</name>
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        <name>Neptune BidCo US, Inc.</name>
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        <name>RR 17 Ltd.</name>
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        <name>New Residential Mortgage Loan Trust</name>
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        <name>Continuum Green Energy India Pvt</name>
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        <name>IndusInd Bank Ltd.</name>
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        <name>GC Treasury Center Co. Ltd.</name>
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        <name>RR 16 Ltd.</name>
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        <name>ADMI Corp.</name>
        <lei>5493008U1LYGMQWO7N12</lei>
        <title>ADMI Corp., 1st Lien Term Loan</title>
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        <name>Brink's Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Celanese US Holdings LLC</name>
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        <name>Kennedy Lewis CLO 6 Ltd.</name>
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        <lei>N/A</lei>
        <title>OIS</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Trestles CLO VIII Ltd.</name>
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        <name>Chart Industries, Inc.</name>
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        <name>Alternative Loan Trust</name>
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        <name>Volcan Cia Minera SAA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hologic, Inc.</name>
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        <name>Barclays Mortgage Loan Trust</name>
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        <name>Government National Mortgage Association</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Grand Harbour CLO DAC</name>
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        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BlackRock ETF Trust II</name>
        <lei>549300PLJCTZLQ2LE832</lei>
        <title>iShares AAA CLO Active ETF</title>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Crown Point CLO 9 Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US22846DBA00"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FMC Corp.</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC Corp.</title>
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          <isin value="US302491AX31"/>
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        <balance>1164000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Atrium Hotel Portfolio Trust</name>
        <lei>N/A</lei>
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          <isin value="US049917AN77"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hill FL</name>
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        <title>Hill FL BV, Series 2024-1FL, Class D</title>
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          <isin value="XS2744968517"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wynn Macau Ltd.</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
        <title>Wynn Macau Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="USG98149AH33"/>
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        <balance>10646000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-26</maturityDt>
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      <invstOrSec>
        <name>PRPM Trust</name>
        <lei>N/A</lei>
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          <isin value="US69383FAB40"/>
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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>
        <debtSec>
          <maturityDt>2070-10-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Deutsche Lufthansa AG</name>
        <lei>529900PH63HYJ86ASW55</lei>
        <title>Deutsche Lufthansa AG</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Whirlpool Corp.</title>
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          <isin value="US9633201069"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank N.A.</counterpartyName>
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      <invstOrSec>
        <name>Avoca CLO XXII DAC</name>
        <lei>5493000BN1WPGQDK4X78</lei>
        <title>Avoca CLO XXII DAC, Series 22X, Class B1</title>
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          <isin value="XS2296330587"/>
          <other otherDesc="Inhouse Asset ID" value="Z958WY2L4"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Japan</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="JP1300721MA9"/>
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        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OpenAir.com</name>
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        <fairValLevel>3</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="3379774"/>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RBC Europe Ltd.</name>
        <lei>TXDSU46SXBWIGJ8G8E98</lei>
        <title>RBC Europe Ltd.</title>
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          <other otherDesc="Inhouse Asset ID" value="BYDJ649H9"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
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        <currencyConditional curCd="SGD" exchangeRt="1.29375000"/>
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        <name>INEOS Quattro Holdings UK Ltd.</name>
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        <name>WuXi AppTec Co. Ltd.</name>
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        <name>Arena Luxembourg Finance SARL</name>
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        <name>Diameter Capital CLO 2 Ltd.</name>
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        <name>Pony SA</name>
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        <name>RB Global Holdings, Inc.</name>
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        <name>Medline Borrower LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <title>CME Bitcoin</title>
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        <name>Exmoor Funding plc</name>
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        <name>Elmwood CLO 23 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Trivium Packaging Finance BV</name>
        <lei>724500GMZWW3PVYET548</lei>
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        <name>Signal Peak CLO 14 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Velocity Commercial Capital Loan Trust</name>
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        <title>Velocity Commercial Capital Loan Trust, Series 2020-1, Class M1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Marriott Ownership Resorts, Inc.</name>
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        <name>BlueMountain CLO Ltd.</name>
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        <name>MidOcean Credit CLO XV Ltd.</name>
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        <name>CSMC Trust</name>
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        <name>Breeze Aviation Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sequoia Mortgage Trust</name>
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        <name>GSAA Home Equity Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fontainebleau Miami Beach Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Boots Group Bidco Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Idun European Loan Conduit No. 42 Sarl</name>
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        <name>NCB Tier 1 Sukuk Ltd.</name>
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        <name>Rockford Tower Europe CLO DAC</name>
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        <name>PPM CLO 6-R Ltd.</name>
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        <name>Ajax Mortgage Loan Trust</name>
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        <name>SCG Commercial Mortgage Trust</name>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CACI International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bryant Park Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CSTL Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CIFC Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GT Loan Financing I Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Ecuador</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>N/A</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>K+S AG</name>
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        <name>Mattamy Group Corp.</name>
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        <name>Instituto Costarricense de Electricidad</name>
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        <name>ROBLOX Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Taurus UK DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Madison Park Funding XXVII Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Ares Loan Funding IV Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CSN Resources SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Auto ABS Italian Stella Loans SRL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALLO Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>One New York Plaza Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Regatta 30 Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</name>
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        <name>VOLT CVI LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Athens International Airport SA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Brink's Co. (The)</name>
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        <name>CS Treasury Management Services B Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenet Healthcare Corp.</name>
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        <name>Community Health Systems, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jazz Financing Lux SARL</name>
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        <name>Regional Management Issuance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Allwyn International AG</name>
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        <name>Panorama Auto Trust</name>
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        <name>PRKCM Trust</name>
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        <name>Wise CLO Ltd.</name>
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        <name>Acadia Healthcare Co., Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>LendingClub Rated Notes Issuer Trust</name>
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        <name>Renault SA</name>
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        <title>Renault SA</title>
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        <name>N/A</name>
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        <name>Washington Mutual Asset-Backed Certificates Trust</name>
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        <name>Ellington Financial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vehis Auto Leasing</name>
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        <fairValLevel>3</fairValLevel>
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        <name>N/A</name>
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        <name>Match Group Holdings II LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USD Currency</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYJ5B94B4"/>
        </identifiers>
        <balance>-20641929.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-555955.87000000</valUSD>
        <pctVal>-0.00114868757</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Morgan Stanley &amp; Co. International plc</counterpartyName>
              <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>USD Currency</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>1510.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-247111.33000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="3446656"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-2578.16000000</valUSD>
        <pctVal>-0.00000532686</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas</counterpartyName>
              <counterpartyLei>R0MUWSFPU8MPRO8K5P83</counterpartyLei>
            </counterparties>
            <amtCurSold>200000.00000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>172223.56000000</amtCurPur>
            <curPur>EUR</curPur>
            <settlementDt>2026-09-16</settlementDt>
            <unrealizedAppr>-2578.16000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BRYTH31J3"/>
        </identifiers>
        <balance>419054622.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-5886186.89000000</valUSD>
        <pctVal>-0.01216173819</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CME Group Inc.</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.25013000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
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            </floatingPmntDesc>
            <terminationDt>2028-12-15</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>419054622.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-5886186.89000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYJ0K8D68"/>
        </identifiers>
        <balance>77035000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="PLN" exchangeRt="3.76180000"/>
        <valUSD>-398366.31000000</valUSD>
        <pctVal>-0.00082308408</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LCH Clearnet</counterpartyName>
              <counterpartyLei>549300TXTCI7WVVJS380</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="WIBOR" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.40200000"/>
            <terminationDt>2031-06-17</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>77035000.00000000</notionalAmt>
            <curCd>PLN</curCd>
            <unrealizedAppr>-398366.31000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Romania</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romania Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RODFIUK7ZV55"/>
          <other otherDesc="Inhouse Asset ID" value="BYD8T72Q8"/>
        </identifiers>
        <balance>116120000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="RON" exchangeRt="4.58520000"/>
        <valUSD>25410683.55000000</valUSD>
        <pctVal>0.052502254240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mars, Inc.</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>Mars, Inc.</title>
        <cusip>571676BC8</cusip>
        <identifiers>
          <isin value="US571676BC81"/>
          <other otherDesc="Inhouse Asset ID" value="571676BC8"/>
        </identifiers>
        <balance>34012000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33507491.16000000</valUSD>
        <pctVal>0.069231463860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYDSJ1UJ3"/>
        </identifiers>
        <balance>22791000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
        <valUSD>634581.08000000</valUSD>
        <pctVal>0.001311138959</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP Paribas</counterpartyName>
              <counterpartyLei>R0MUWSFPU8MPRO8K5P83</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>iTraxx Europe Crossover42-V3</indexName>
                <indexIdentifier>2I667KMF2</indexIdentifier>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.00000000"/>
            <otherPmntDesc fixedOrFloating="Other">Payout of notional amount upon default event with regard to the reference instrument</otherPmntDesc>
            <terminationDt>2029-12-20</terminationDt>
            <upfrontPmnt>1557879.27000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>22791000.00000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>634581.08000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BFLD Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BFLD Commercial Mortgage Trust, Series 2025-5MW, Class F</title>
        <cusip>088921AF8</cusip>
        <identifiers>
          <isin value="US088921AF87"/>
          <other otherDesc="Inhouse Asset ID" value="088921AF8"/>
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        <balance>29630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31282376.21000000</valUSD>
        <pctVal>0.064634045196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.15456680</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aroundtown Finance SARL</name>
        <lei>8945006LEXV2KWSWVP51</lei>
        <title>Aroundtown Finance SARL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3285553361"/>
          <other otherDesc="Inhouse Asset ID" value="BYDXYYSN7"/>
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        <balance>4592000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
        <valUSD>4952847.27000000</valUSD>
        <pctVal>0.010233319622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Republic of Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Republic of Indonesia</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IDG000025701"/>
          <other otherDesc="Inhouse Asset ID" value="BYDP9TKB7"/>
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        <balance>2042163000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="IDR" exchangeRt="17880.00000000"/>
        <valUSD>108394197.26000000</valUSD>
        <pctVal>0.223958544507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>VZ Holding AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0528751586"/>
          <other otherDesc="Inhouse Asset ID" value="SBMFJ1809"/>
        </identifiers>
        <balance>13300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.80800000"/>
        <valUSD>112747.24000000</valUSD>
        <pctVal>0.000232952578</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>VZ Holding AG</issueTitle>
                <identifiers>
                  <isin value="CH0528751586"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
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                <rtResetTenor rateTenor="Month" rateTenorUnit="0" resetDt="Day" resetDtUnit="1"/>
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            <terminationDt>2027-02-10</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2013082.00000000</notionalAmt>
            <curCd>CHF</curCd>
            <unrealizedAppr>112747.24000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      <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"/>
      <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="BYDWFLWU7 - The index uses a listed options based approach to replicate a weekly short variance profile which may provide further return benefit in normal or bullish markets. The index is constructed as a basket of strategies based on the three listed weekly expiries weighted by the average liquidity of the options for each expiry (15% Mon, 25% Wed, 60% Fri)." noteItem="C.11.f.i.1"/>
      <explntrNote note="BYDWF9NX8 - The Index aims to provide notional exposure to the Underlying Index with semi-annual rule-based notional increases or decreases, as the case may be, in exposure to the Underlying Index with the purpose of reinvesting potential gains or reducing exposure to notional losses." noteItem="C.11.f.i.1"/>
      
      <explntrNote note="Unique security identifier BYDYRJ9B3 is an Asset Swapped Convertible Option Transaction with a variable exercise price of 1D TONA + 110." noteItem="C.11.c.v"/>
      <explntrNote note="Unique security identifier BRYW4KWQ2 is an Asset Swapped Convertible Option Transaction with a variable exercise price of 1D TONAR + 55." noteItem="C.11.c.v"/>
      <explntrNote note="Unique security identifier BRYSYWYX5 is an Asset Swapped Convertible Option Transaction with a variable exercise price of 1D TONAR + 60." noteItem="C.11.c.v"/>
      
      
      
      <explntrNote note="Unique security identifier BRYY6L5J0 is an Asset Swapped Convertible Option Transaction with a Fixed exercise price of 1.42%." noteItem="C.11.c.v"/>
      <explntrNote note="BYDWFM568 - Goldman Sachs TY Weekly Volatility Carry Index (GSVLTYI2) is a synthetic rules-based proprietary Index which is calculated on an &quot;excess return&quot; basis and does not include a synthetic interest rate return on a notional cash amount representing any money market component of the Index. The Index provides short exposure to delta-hedged weekly put and call options on US Treasury 10-Year T-Note listed on the Chicago Mercantile Exchange, where such options are hedged multiple times each day on an intraday basis." noteItem="C.11.f.i.1"/>
      <explntrNote note="BYDWFLSW8 - The index sells on a daily basis variance replicating strips of OTC calls and puts. The option strips are delta hedged daily and kept until expiry. The Index trades the most liquid Emerging Market FX Pairs for OTC Options, covering multiple regions (Eastern Europe, Asia, Latam), physically delivered options and Cash settled NDFs." noteItem="C.11.f.i.1"/>
      <explntrNote note="BYDWFM5C5 - The Goldman Sachs Systematic Skew US Series I1D Excess Return Index is a synthetic rules-based proprietary index which is calculated on an &quot;excess return&quot; basis and does not include any synthetic interest rate return on a notional cash amount. The Index intends to provide a synthetic exposure to the performance of the Goldman Sachs Systematic Skew US Series I1D Total Return Index in the specified strategy currency." noteItem="C.11.f.i.1"/>
      <explntrNote note="BYDWFM5G6 - The BNP Paribas AIR Intraday US Ultimate 1bd ER Index seeks to capture the average positive spread between implied and realized volatility through 1DTE put options, while maintaining an intraday delta hedge." noteItem="C.11.f.i.1"/>
      <explntrNote note="BYJ364VW0 - The UBS EU Front End Daily Short 1 Day Volatility Index aims to monetise the implied vs realised volatility risk premium from the front end of the EuroSTOXX 50 volatility term structure." noteItem="C.11.f.i.1"/>
      <explntrNote note="Unique security identifier BRYW4L1X9 is an Asset Swapped Convertible Option Transaction with a variable exercise price of 1D TONAR + 65." noteItem="C.11.c.v"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds V</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
