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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>CVS Pass-Through Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Element Fleet Management Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PVH Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Meta Platforms, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Principal Life Global Funding II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AES Panama Generation Holdings SRL</name>
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        <name>FNMA</name>
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        <name>Syensqo Finance America LLC</name>
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        <name>Roper Technologies, Inc.</name>
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        <name>Philip Morris International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>F&amp;G Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Credit Auto Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>World Omni Select Auto Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumisho Air Lease Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santander Holdings USA, Inc.</name>
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        <title>Santander Holdings USA, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Cousins Properties LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAD Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EPR Properties</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Nutrien Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alexander Funding Trust II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Credit Auto Lease Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Exeter Select Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Truist Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLS Auto Receivables Issuer Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LXP Industrial Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Western-Southern Global Funding</name>
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        <name>Var Energi ASA</name>
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        <name>Fells Point Funding Trust</name>
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        <name>Lincoln Financial Global Funding</name>
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        <name>South Bow USA Infrastructure Holdings LLC</name>
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        <name>University of Michigan</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>AutoNation Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Navient Private Education Refi Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aviation Capital Group LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Extra Space Storage LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>720 East CLO V Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Veros Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Avolon Holdings Funding Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ARI Fleet Lease Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Realty Income Corp.</name>
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        <name>World Omni Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GM Financial Automobile Leasing Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Amazon.com, Inc.</name>
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        <name>Antares Holdings LP</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BofA Auto Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Exelon Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilton Grand Vacations Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Navient Private Education Refi Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <name>First-Citizens Bank &amp; Trust Co.</name>
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        <name>Avilease Capital Ltd.</name>
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        <name>BFLD Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CubeSmart LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wise CLO Ltd.</name>
        <lei>254900UJ1RZE30CBZ497</lei>
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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>GLS Auto Receivables Issuer Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <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>American Credit Acceptance Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Athene Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NLG Global Funding</name>
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        <name>Deutsche Bank AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Westlake Automobile Receivables Trust</name>
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        <name>United Airlines, Inc.</name>
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        <name>Morgan Stanley</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Element Fleet Management Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Capital America</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Atmos Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>OWN Equipment Fund II LLC</name>
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        <name>Air Canada</name>
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        <name>PK ALIFT Loan Funding 7 LP</name>
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        <name>Extended Stay America Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CarMax Auto Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Targa Resources Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GM Financial Automobile Leasing Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Capital America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Guardian Life Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jackson National Life Global Funding</name>
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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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        <name>McCormick &amp; Co., Inc.</name>
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        <name>Westlake Corp.</name>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <name>Glencore Funding LLC</name>
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        <name>Reach Abs Trust</name>
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        <name>GLS Auto Select Receivables Issuer Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LYB International Finance III LLC</name>
        <lei>984500A51LA0B8EB4053</lei>
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        <name>Chase Auto Owner Trust</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>MSD Investment Corp.</name>
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        <name>UBS Group AG</name>
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        <name>Bluepeak ABS Issuer LLC</name>
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        <name>Alimentation Couche-Tard, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Wheels Fleet Lease Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Pool</name>
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        <name>GLS Auto Receivables Issuer Trust</name>
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        <name>Liberty Utilities Co.</name>
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        <name>Blue Owl Technology Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Schlumberger Holdings Corp.</name>
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        <name>FNMA</name>
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        <name>MSD Investment Corp.</name>
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        <name>Las Vegas Sands Corp.</name>
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        <name>SBA Tower Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Columbia Pipelines Operating Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NY Commercial Mortgage Trust</name>
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          <isin value="US62957FAA75"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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          <isin value="US3140Q9W746"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NGPL PipeCo LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
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        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810TF57"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NatWest Group plc</name>
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        <title>NatWest Group plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XJXV0</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DT Midstream, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Southern California Edison Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federation des Caisses Desjardins du Quebec</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IPALCO Enterprises, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MSD Investment Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ally Auto Receivables Trust</name>
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        <name>Enterprise Fleet Financing LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <fairValLevel>2</fairValLevel>
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        <name>Paramount Global</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Marex Group plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAD Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aventura Mall Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <title>UMBS</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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        <name>Intuit, Inc.</name>
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        <name>Rocket Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Airlines Pass-Through Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cerberus Loan Funding XXXVII LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JBS NV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>APA Corp.</name>
        <lei>549300VCIWLRHYVSHC79</lei>
        <title>APA Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Carvana Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLS Auto Select Receivables Trust</name>
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        <name>GLS Auto Select Receivables Issuer Trust</name>
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        <name>FNMA</name>
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        <name>Sompo Holdings, Inc.</name>
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        <name>Golub Capital BDC, Inc.</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>NTT Finance Corp.</name>
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        <name>TFDXX LEX BLACKROCK FED FUND</name>
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        <name>Brightstar Lottery plc</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>RGA Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pinnacle Financial Partners, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>USB Auto Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sonoco Products Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DLLAD LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kyndryl Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VeriSign, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ArcelorMittal SA</name>
        <lei>2EULGUTUI56JI9SAL165</lei>
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        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2023-19, Class WB</title>
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        <name>CVS Health Corp.</name>
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        <name>FNMA</name>
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        <name>AutoNation, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ares Capital Corp.</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>FHLMC Pool</name>
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        <name>GLS Auto Receivables Issuer Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLS Auto Select Receivables Trust</name>
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        <name>Australian Metcoal Financing Pty. 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>Westlake Automobile Receivables 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>CNH Industrial Capital LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ING Bank NV</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CarMax Select Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="17196.97000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Imperial Brands Finance plc</name>
        <lei>2138008L3B3MCG1DFS50</lei>
        <title>Imperial Brands Finance plc</title>
        <cusip>45262BAN3</cusip>
        <identifiers>
          <isin value="US45262BAN38"/>
        </identifiers>
        <balance>8495000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8442215.30000000</valUSD>
        <pctVal>0.244620956102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XKW55</cusip>
        <identifiers>
          <isin value="US3140XKW555"/>
        </identifiers>
        <balance>1649757.84000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1652039.98000000</valUSD>
        <pctVal>0.047869378482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3138X32U5</cusip>
        <identifiers>
          <isin value="US3138X32U57"/>
        </identifiers>
        <balance>61240.58000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58945.86000000</valUSD>
        <pctVal>0.001708010530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Barings BDC, Inc.</name>
        <lei>549300GSF4KFZP6ONG49</lei>
        <title>Barings BDC, Inc.</title>
        <cusip>06759LAE3</cusip>
        <identifiers>
          <isin value="US06759LAE39"/>
        </identifiers>
        <balance>3582000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3523634.21000000</valUSD>
        <pctVal>0.102100543373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</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>Eastman Chemical Co.</name>
        <lei>FDPVHDGJ1IQZFK9KH630</lei>
        <title>Eastman Chemical Co.</title>
        <cusip>277432BB5</cusip>
        <identifiers>
          <isin value="US277432BB57"/>
        </identifiers>
        <balance>8515000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8352845.87000000</valUSD>
        <pctVal>0.242031394638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>36179XVU7</cusip>
        <identifiers>
          <isin value="US36179XVU70"/>
        </identifiers>
        <balance>1758142.39630000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1808939.81000000</valUSD>
        <pctVal>0.052415695422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Nationwide Variable Insurance Trust</ncom:nameOfApplicant>
      <ncom:signature>David Majewski</ncom:signature>
      <ncom:signerName>David Majewski</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
