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        <units>NC</units>
        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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                  <cusip value="91282CPY1"/>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG GILT</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>LONG GILT</title>
        <cusip>00002G9M6</cusip>
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          <ticker value="G9M6"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LONG GILT</name>
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          <ticker value="G9M6"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LONG GILT</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>LONG GILT</title>
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          <ticker value="G9M6"/>
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        <fairValLevel>1</fairValLevel>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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      <invstOrSec>
        <name>OSAKA EXCHANGE</name>
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          <ticker value="JBM6"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OSAKA EXCHANGE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE MONTREAL EXCHANGE / BOURSE DE MONTREAL</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE MONTREAL EXCHANGE / BOURSE DE MONTREAL</name>
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        <fairValLevel>1</fairValLevel>
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        <lei>549300DKBYNOI0B1NP44</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <lei>ZBUT11V806EZRVTWT807</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>RCV 100.00 PAY 5.00 06/20/2031</title>
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          <other otherDesc="In-House" value="AA9N7SLKU"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN SECURITIES INC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>RCV 1.00 PAY 100.00 06/20/2036</title>
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          <other otherDesc="In-House" value="AA9N7QQ6U"/>
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      <invstOrSec>
        <name>JP MORGAN CHASE BANK NA</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>RCV 100.00 PAY 1.00 06/20/2031</title>
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          <other otherDesc="In-House" value="2396018730"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 1.00 PAY 100.00 06/20/2029</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
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        <name>BARCLAYS BANK INTL</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Avis Budget Rental Car Funding AESOP LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>AESOP 2025-3A A</title>
        <cusip>05377RKW3</cusip>
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          <isin value="US05377RKW33"/>
          <ticker value="AESOP"/>
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        <balance>113000</balance>
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        <curCd>USD</curCd>
        <valUSD>112062.63</valUSD>
        <pctVal>0.0163716953</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.170000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>COLT 2023-2 MORTGAGE LOAN TRUST</name>
        <lei>213800IHRVKO9R6JZ883</lei>
        <title>COLT 2023-2 A1</title>
        <cusip>12598UAA4</cusip>
        <identifiers>
          <isin value="US12598UAA43"/>
          <ticker value="COLT"/>
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        <balance>148010.5</balance>
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        <curCd>USD</curCd>
        <valUSD>148172.84</valUSD>
        <pctVal>0.0216471859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2068-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.596000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META 4.6 11/15/32</title>
        <cusip>30303MAC6</cusip>
        <identifiers>
          <isin value="US30303MAC64"/>
          <ticker value="META"/>
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        <balance>1150000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1138717.63</valUSD>
        <pctVal>0.1663599901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.600000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SA0142</title>
        <cusip>3132CJEP4</cusip>
        <identifiers>
          <isin value="US3132CJEP49"/>
          <ticker value="FHLMC"/>
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        <balance>1750000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1769065.25</valUSD>
        <pctVal>0.2584500931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Petroleos Mexicanos Sa De CV</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PEMEX 6.7 02/16/32</title>
        <cusip>71643VAB1</cusip>
        <identifiers>
          <isin value="US71643VAB18"/>
          <ticker value="PEMEX"/>
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        <balance>3543000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3467464.11</valUSD>
        <pctVal>0.5065762396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.700000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sierra Pacific Power Company</name>
        <lei>QB888G5GSVGE1LD1WV84</lei>
        <title>BRKHEC V6.375 09/15/56</title>
        <cusip>826418BS3</cusip>
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          <isin value="US826418BS35"/>
          <ticker value="BRKHEC"/>
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        <balance>1659000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1645443</valUSD>
        <pctVal>0.2403896049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.375000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4 03/31/30</title>
        <cusip>91282CMU2</cusip>
        <identifiers>
          <isin value="US91282CMU26"/>
          <ticker value="T"/>
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        <balance>1300000</balance>
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        <curCd>USD</curCd>
        <valUSD>1304671.88</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEA Finance LLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>URWFP 4.125 09/20/28 144A</title>
        <cusip>92928QAE8</cusip>
        <identifiers>
          <isin value="US92928QAE89"/>
          <ticker value="URWFP"/>
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        <balance>125000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>123381.84</valUSD>
        <pctVal>0.0180253657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CDX.NA.IG.45</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N7FDK1</cusip>
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          <other otherDesc="In-House" value="AA9N7FDK1"/>
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        <balance>-67400000</balance>
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        <curCd>USD</curCd>
        <valUSD>-93268.12</valUSD>
        <pctVal>-0.0136259272</pctVal>
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        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Belgium (Kingdom Of)</name>
        <lei>549300SZ25JZFHRHWD76</lei>
        <title>BGB 3.5 06/22/55 101</title>
        <cusip>B1121KLN3</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>BKO 1.9 09/16/27</title>
        <cusip>D2R8H4MD8</cusip>
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          <isin value="DE000BU22106"/>
          <ticker value="BKO"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <pctVal>0.2724703664</pctVal>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.900000000000</annualizedRt>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCEGP V4 01/20/34 EMTN</title>
        <cusip>F1883JJD5</cusip>
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          <isin value="FR001400WP90"/>
          <ticker value="BPCEGP"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF V7.5 PERP EMTN</title>
        <cusip>F3R505JM9</cusip>
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          <isin value="FR001400EFQ6"/>
          <ticker value="EDF"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Informa PLC</name>
        <lei>5493006VM2LKUPSEDU20</lei>
        <title>INFLN 3.25 10/23/30 EMTN</title>
        <cusip>G4770LBC9</cusip>
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          <isin value="XS2919102207"/>
          <ticker value="INFLN"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 1 03/20/62 15</title>
        <cusip>J2S39LUV4</cusip>
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          <isin value="JP1400151N57"/>
          <ticker value="JGB"/>
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        <currencyConditional curCd="JPY" exchangeRt="0.006301"/>
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        <pctVal>0.0069968435</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Koninklijke KPN N.V.</name>
        <lei>549300YO0JZHAL7FVP81</lei>
        <title>KPN 3.375 02/17/35 GMTN</title>
        <cusip>N4297BLL6</cusip>
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          <isin value="XS3003295519"/>
          <ticker value="KPN"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
        <valUSD>659200.44</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <name>Peru (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Italy (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Romania (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>W. P. Carey Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>London Power Networks PLC</name>
        <lei>213800JDI3GTKPG4XI38</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>P3 Group S.a r.l.</name>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FA4350</title>
        <cusip>3140W4ZQ3</cusip>
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          <isin value="US3140W4ZQ31"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUNNOVA HESTIA I 2023-GRIDI</name>
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        <title>SNVA 2023-GRID1 1A</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <curCd>USD</curCd>
        <valUSD>813844</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BALLYROCK CLO 24 LTD</name>
        <lei>254900B0CDDYIJW8YL36</lei>
        <title>BALLY 2023-24A A1R</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Brown &amp; Brown Inc</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>BRO 5.65 06/11/34</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Canada (Government of)</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM8784</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS7743</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GFL Environmental Inc.</name>
        <lei>894500E7NLBY9VZRT696</lei>
        <title>GFLCN 6.75 01/15/31 144A</title>
        <cusip>36168QAQ7</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Huntington Bancshares Incorporated</name>
        <lei>549300XTVCVV9I7B5T19</lei>
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        <cusip>446150BL7</cusip>
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        <curCd>USD</curCd>
        <valUSD>497710.32</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Intel Corporation</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Pacific Gas and Electric Company</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PENFED AUTO RECEIVABLES OWNER TRUST 2025-A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Repsol E&amp;p Capital Markets US LLC</name>
        <lei>894500D0J12FRZ3Q0M15</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Spire Inc</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SR V6.25 06/01/56</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VERUS SEC TR 2023-4</name>
        <lei>2138008DC17PCNG48R87</lei>
        <title>VERUS 2023-4 A1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 44</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N73ZF1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CDX.NA.IG.38</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 44</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Australia (Commonwealth of)</name>
        <lei>213800J6B7JSBDETCB42</lei>
        <title>ACGB 4.5 04/21/33 140</title>
        <cusip>Q08184MK8</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Australia (Commonwealth of)</name>
        <lei>213800J6B7JSBDETCB42</lei>
        <title>ACGB 3 03/21/47 150</title>
        <cusip>Q08184MX0</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Queensland Treasury Corporation</name>
        <lei>98INKCEEHOU5YJS0HQ88</lei>
        <title>QTC 4.5 08/22/35</title>
        <cusip>Q7943Q6L8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Canada (Government of)</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>DBR 2.9 08/15/56</title>
        <cusip>D2R8H4LP2</cusip>
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          <ticker value="BKO"/>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS V7 PERP 144a</title>
        <cusip>902613BS6</cusip>
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        <balance>680000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <cusip>91087BBL3</cusip>
        <identifiers>
          <isin value="US91087BBL36"/>
          <ticker value="MEX"/>
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        <balance>335000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>324112.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Caixabank S.A.</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
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        <cusip>E2R193Q98</cusip>
        <identifiers>
          <isin value="XS2652072864"/>
          <ticker value="CABKSM"/>
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        <balance>500000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <pctVal>0.0906162701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>European Union</name>
        <lei>529900FZRK8FGMPEOM08</lei>
        <title>EU 3.125 12/04/30 UFA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EU000A3LNF05"/>
          <ticker value="EU"/>
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        <balance>830000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
        <valUSD>966320.25</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.125000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.125 11/30/29</title>
        <cusip>91282CMA6</cusip>
        <identifiers>
          <isin value="US91282CMA61"/>
          <ticker value="T"/>
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        <balance>5850000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5898445.13</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.375 12/31/29</title>
        <cusip>91282CMD0</cusip>
        <identifiers>
          <isin value="US91282CMD01"/>
          <ticker value="T"/>
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        <balance>2175000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2211788</valUSD>
        <pctVal>0.3231292992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>France (Republic Of)</name>
        <lei>969500KCGF3SUYJHPV70</lei>
        <title>FRTR 3 11/25/34 OAT</title>
        <cusip>F26348DT0</cusip>
        <identifiers>
          <isin value="FR001400QMF9"/>
          <ticker value="FRTR"/>
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        <balance>319000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
        <valUSD>352085.06</valUSD>
        <pctVal>0.0514375694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF 2 12/09/49 EMTN</title>
        <cusip>F4065QLG3</cusip>
        <identifiers>
          <isin value="FR0013465424"/>
          <ticker value="EDF"/>
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        <balance>1000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <pctVal>0.0998055924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 1.5 07/31/53</title>
        <cusip>G4527HWA5</cusip>
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          <isin value="GB00BM8Z2V59"/>
          <ticker value="UKIN"/>
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        <balance>10720000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="1.323592"/>
        <valUSD>6145855.98</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Switzerland (Government Of)</name>
        <lei>5067006OA1BJ88912Q83</lei>
        <title>SWISS 3.5 04/08/33</title>
        <cusip>H7351PYD2</cusip>
        <identifiers>
          <isin value="CH0015803239"/>
          <ticker value="SWISS"/>
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        <balance>930000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="1.250625"/>
        <valUSD>1424352.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Italy (Republic Of)</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 3.65 08/01/35 10Y</title>
        <cusip>T6025AAC8</cusip>
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          <isin value="IT0005631590"/>
          <ticker value="ITALY"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.650000000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Portugal (Republic Of)</name>
        <lei>549300P6U1FJ3IMP7K42</lei>
        <title>PGB 2.875 10/20/34 11Y</title>
        <cusip>X6694NCT6</cusip>
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          <isin value="PTOTESOE0021"/>
          <ticker value="PORTUG"/>
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        <balance>550000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Treasury Corporation of Victoria</name>
        <lei>549300ZJM7BQW1P9UV75</lei>
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        <cusip>Q9194YRJ5</cusip>
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          <ticker value="TCV"/>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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        <name>Singapore (Republic of)</name>
        <lei>549300ZSV6VOGFH1ER70</lei>
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          <isin value="SG3261987691"/>
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        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4 11/15/35</title>
        <cusip>91282CPJ4</cusip>
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          <isin value="US91282CPJ44"/>
          <ticker value="T"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sequoia Logistics 2025-1 DAC</name>
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          <isin value="XS2967783031"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Belgium (Kingdom Of)</name>
        <lei>549300SZ25JZFHRHWD76</lei>
        <title>BGB 3.3 06/22/54 98</title>
        <cusip>B1121KHY4</cusip>
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          <isin value="BE0000358672"/>
          <ticker value="BELG"/>
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        <balance>1050000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.300000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Czech (Republic of)</name>
        <lei>3157007EFDLQABN47912</lei>
        <title>CZGB 3 03/03/33 156</title>
        <cusip>N/A</cusip>
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          <isin value="CZ0001007256"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Volkswagen International Finance N.V.</name>
        <lei>5299004PWNHKYTR23649</lei>
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          <isin value="XS3071335478"/>
          <ticker value="VW"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sartorius Finance BV</name>
        <lei>529900JCAKTMRXK9EA58</lei>
        <title>SRTGR 4.5 09/14/32</title>
        <cusip>N7750FAD0</cusip>
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          <ticker value="SRTGR"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Aptiv PLC / Aptiv Global Financing DAC</name>
        <lei>N/A</lei>
        <title>APTV 4.25 06/11/36</title>
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          <isin value="XS2839195877"/>
          <ticker value="APTV"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMIBK V3.686 10/06/36 EMTN</title>
        <cusip>J7771XDT3</cusip>
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          <isin value="XS3189681011"/>
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        <balance>720000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-06</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BMS Ireland Capital Funding DAC</name>
        <lei>9845002AC2D55DFID596</lei>
        <title>BMY 3.363 11/10/33</title>
        <cusip>05594KAB2</cusip>
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          <isin value="XS3215466338"/>
          <ticker value="BMY"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Royalty Pharma PLC</name>
        <lei>549300FGFN7VOK8BZR03</lei>
        <title>RPRX 5.9 09/02/54</title>
        <cusip>78081BAS2</cusip>
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          <isin value="US78081BAS25"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>643254.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.900000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.5 09/30/29</title>
        <cusip>91282CLN9</cusip>
        <identifiers>
          <isin value="US91282CLN91"/>
          <ticker value="T"/>
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        <balance>11147200</balance>
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        <curCd>USD</curCd>
        <valUSD>11013085.25</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V4.099 05/22/36</title>
        <cusip>U6176TPF9</cusip>
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          <isin value="XS3057365465"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-22</maturityDt>
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        <name>Global Payments Inc</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>GPN 4.875 03/17/31</title>
        <cusip>37940XAS1</cusip>
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          <isin value="XS2597994065"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</annualizedRt>
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        <name>Quebec (Province Of)</name>
        <lei>549300WN65YFEQH74Y36</lei>
        <title>Q 4.2 12/01/57</title>
        <cusip>74814ZFU2</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.200000000000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V3.493 10/22/34</title>
        <cusip>U17408SZ6</cusip>
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          <isin value="XS3214409834"/>
          <ticker value="C"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.493000000000</annualizedRt>
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        <name>Var Energi ASA</name>
        <lei>549300LIVN3FFOJN2K47</lei>
        <title>VARNO V7.862 11/15/83</title>
        <cusip>R9576ZAG3</cusip>
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          <isin value="XS2708134023"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2083-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.862000000000</annualizedRt>
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        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX 3.875 05/16/31</title>
        <cusip>P6625ABM3</cusip>
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          <isin value="XS3265539729"/>
          <ticker value="MEX"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NextEra Energy Capital Holdings Inc</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE V4.75 02/26/56</title>
        <cusip>65339KEC0</cusip>
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          <isin value="XS3303020385"/>
          <ticker value="NEE"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-02-26</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMZN 4.05 03/16/39</title>
        <cusip>023135DR4</cusip>
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          <isin value="XS3305169768"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.050000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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        <name>China (People's Republic Of)</name>
        <lei>300300CHN201808MOF68</lei>
        <title>CGB 3.81 09/14/50 INBK</title>
        <cusip>Y6S39BYR5</cusip>
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          <isin value="CND10003N750"/>
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        <currencyConditional curCd="CNY" exchangeRt="0.144756"/>
        <valUSD>644512.04</valUSD>
        <pctVal>0.0941594420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.810000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</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>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Foundry JV Holdco LLC.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <name>DATABANK ISSUER II LLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>New Residential Mortgage Loan Trust</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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        <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>Oracle Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos Sa De CV</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>Alphabet Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RWE Finance US LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Romania (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American National Group Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Apollo Debt Solutions BDC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Textainer Marine Containers Ltd</name>
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        <name>United States Treasury Notes</name>
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        <name>United States Treasury Notes</name>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Viatris Inc</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>VTRS 4 06/22/50</title>
        <cusip>92556VAF3</cusip>
        <identifiers>
          <isin value="US92556VAF31"/>
          <ticker value="VTRS"/>
        </identifiers>
        <balance>646000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>423393.13</valUSD>
        <pctVal>0.0618552616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CDX.NA.IG.45</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N77H11</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9N77H11"/>
        </identifiers>
        <balance>-17050000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-6.82</valUSD>
        <pctVal>-0.0000009964</pctVal>
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        <issuerConditional desc="Swaptions" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>CDX SWAPTIONS</issuerName>
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            <shareNo>-17050000</shareNo>
            <exercisePrice>0.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>10223.18</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 44</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N78DF1</cusip>
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          <other otherDesc="In-House" value="AA9N78DF1"/>
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        <balance>-12000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1016.69</valUSD>
        <pctVal>-0.0001485325</pctVal>
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        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swaptions" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>BANK OF AMERICA LLC</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CDX SWAPTIONS</issuerName>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-12000000</shareNo>
            <exercisePrice>0.525000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-04-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>11092.05</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 44</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N79691</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9N79691"/>
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        <balance>-12200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-428.68</valUSD>
        <pctVal>-0.0000626276</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swaptions" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>CITIBANK NA</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CDX SWAPTIONS</issuerName>
                <issueTitle>CDX SWAPTIONS</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-12200000</shareNo>
            <exercisePrice>0.500000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-04-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2391.6</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CDX.NA.IG.45</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N7E101</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9N7E101"/>
        </identifiers>
        <balance>33700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52073.24</valUSD>
        <pctVal>0.0076075960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swaptions" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CDX SWAPTIONS</issuerName>
                <issueTitle>CDX SWAPTIONS</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>33700000</shareNo>
            <exercisePrice>0.575000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-05-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-11956.76</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 44</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N7G211</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9N7G211"/>
        </identifiers>
        <balance>23500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22343.96</valUSD>
        <pctVal>0.0032643220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swaptions" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>CITIBANK NA</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CDX SWAPTIONS</issuerName>
                <issueTitle>CDX SWAPTIONS</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>23500000</shareNo>
            <exercisePrice>0.575000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-05-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-21116.21</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 45</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N7TS21</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9N7TS21"/>
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        <balance>20525000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33908.62</valUSD>
        <pctVal>0.0049538512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swaptions" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CDX SWAPTIONS</issuerName>
                <issueTitle>CDX SWAPTIONS</issueTitle>
                <identifiers>
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                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>20525000</shareNo>
            <exercisePrice>0.650000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-05-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-7916.69</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bahn Finance GmbH (Berlin)</name>
        <lei>52990063S23N13HU4E98</lei>
        <title>DBHNGR 0.625 04/15/36 EMTN</title>
        <cusip>D1T0VZDC2</cusip>
        <identifiers>
          <isin value="XS2331271242"/>
          <ticker value="DBHNGR"/>
        </identifiers>
        <balance>360000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
        <valUSD>312059.92</valUSD>
        <pctVal>0.0455901304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Deutsche Bahn Finance GmbH (Berlin)</name>
        <lei>52990063S23N13HU4E98</lei>
        <title>DBHNGR 1.375 03/03/34 EMTN</title>
        <cusip>D1T0VZDM0</cusip>
        <identifiers>
          <isin value="XS2451376219"/>
          <ticker value="DBHNGR"/>
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        <balance>134000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <pctVal>0.0193753429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>DBR 2.3 02/15/33 TWIN</title>
        <cusip>D1444RCB2</cusip>
        <identifiers>
          <isin value="DE000BU2Z007"/>
          <ticker value="BKO"/>
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        <balance>4911000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
        <valUSD>5485338.88</valUSD>
        <pctVal>0.8013759493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.300000000000</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>Spain (Kingdom of)</name>
        <lei>9598007A56S18711AH60</lei>
        <title>SPGB 0.7 04/30/32</title>
        <cusip>E8922AMC1</cusip>
        <identifiers>
          <isin value="ES0000012K20"/>
          <ticker value="SPAIN"/>
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        <balance>3175000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
        <valUSD>3191022.44</valUSD>
        <pctVal>0.4661897274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.700000000000</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>Indigo Group SAS</name>
        <lei>213800H5J9NKEXSUQX44</lei>
        <title>VPARKI 4.5 04/18/30</title>
        <cusip>F5197NAD7</cusip>
        <identifiers>
          <isin value="FR001400LCK1"/>
          <ticker value="VPARKI"/>
        </identifiers>
        <balance>400000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
        <valUSD>474916.44</valUSD>
        <pctVal>0.0693825161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCEGP V3.625 10/01/33 EMTN</title>
        <cusip>F1883JTX0</cusip>
        <identifiers>
          <isin value="FR0014012X82"/>
          <ticker value="BPCEGP"/>
        </identifiers>
        <balance>200000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
        <valUSD>224600.32</valUSD>
        <pctVal>0.0328127940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>United Kingdom of Great Britain and Northern Ireland</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>United Kingdom of Great Britain and Northern Ireland</name>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Mondi Finance PLC</name>
        <lei>213800BJV32JT6IRCS96</lei>
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          <isin value="XS3025943419"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-18</maturityDt>
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          <annualizedRt>3.750000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
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          <isin value="JP1103461H35"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.100000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
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          <isin value="JP1300801PA2"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.800000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 1.6 12/20/53 81</title>
        <cusip>J2S39LU44</cusip>
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          <isin value="JP1300811Q17"/>
          <ticker value="JGB"/>
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        <balance>606049984</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006301"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.600000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 1.8 03/20/54 82</title>
        <cusip>J2S39LY81</cusip>
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          <isin value="JP1300821Q49"/>
          <ticker value="JGB"/>
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        <balance>87750000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006301"/>
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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>2054-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.800000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 2.2 06/20/54 83</title>
        <cusip>J2S39L3F9</cusip>
        <identifiers>
          <isin value="JP1300831Q70"/>
          <ticker value="JGB"/>
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        <balance>866600016</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006301"/>
        <valUSD>4050121.88</valUSD>
        <pctVal>0.5916991342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.200000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New South Wales Treasury Corporation</name>
        <lei>TC7LRO17HPNPLTAV0H77</lei>
        <title>NSWTC 4.25 02/20/36</title>
        <cusip>Q6715QJL2</cusip>
        <identifiers>
          <isin value="AU3SG0002728"/>
          <ticker value="NSWTC"/>
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        <balance>1060400</balance>
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        <currencyConditional curCd="AUD" exchangeRt="0.68995"/>
        <valUSD>657868.25</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Queensland Treasury Corporation</name>
        <lei>98INKCEEHOU5YJS0HQ88</lei>
        <title>QTC 2 08/22/33</title>
        <cusip>Q7943QZ36</cusip>
        <identifiers>
          <isin value="AU3CB0284172"/>
          <ticker value="QTC"/>
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        <currencyConditional curCd="AUD" exchangeRt="0.68995"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Italy (Republic Of)</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 2.15 03/01/72 50Y</title>
        <cusip>T6052BZK7</cusip>
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          <isin value="IT0005441883"/>
          <ticker value="ITALY"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2072-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.150000000000</annualizedRt>
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      <invstOrSec>
        <name>Prysmian S.p.A.</name>
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        <title>PRYIM V5.25 PERP .</title>
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          <isin value="XS3076304602"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2500-12-31</maturityDt>
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          <annualizedRt>5.250000000000</annualizedRt>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <cusip>U6176TQL5</cusip>
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          <isin value="XS3281048572"/>
          <ticker value="MS"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Iceland (Republic Of)</name>
        <lei>254900IPCJWRC6XAJN15</lei>
        <title>ICEGB 6.5 01/24/31</title>
        <cusip>X3446PER1</cusip>
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          <ticker value="ICELND"/>
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        <invCountry>IS</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Hungary (Republic Of)</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>HGB 2.25 04/20/33 33/A</title>
        <cusip>X51627GG0</cusip>
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          <ticker value="REPHUN"/>
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        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Deutsche Bahn Finance GmbH (Berlin)</name>
        <lei>52990063S23N13HU4E98</lei>
        <title>DBHNGR 1.125 05/29/51 EMTN</title>
        <cusip>D1T0VZDG3</cusip>
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          <isin value="XS2357951164"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-29</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>Cellnex Finance Company S.A.U.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Korea (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Korea (Republic Of)</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>Vertiv Holdings Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Switzerland (Government Of)</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>Avis Budget Rental Car Funding AESOP LLC</name>
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        <title>AESOP 2023-4A A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Avolon Holdings Funding Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FA1205</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Fnma Pass-Thru I</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SL3456</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Foundry JV Holdco LLC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Amazon.com, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Intel Corporation</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTC 5.7 02/10/53</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Kraft Heinz Foods Company</name>
        <lei>5493003STKEZ2S0RNU91</lei>
        <title>KHC 4.375 06/01/46</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amazon.com, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ares Capital 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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      <invstOrSec>
        <name>Brown &amp; Brown Inc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 3.65 03/25/41</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Peru (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vertiv Holdings Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ITRAXX EUROPE SERIES 44</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Anheuser-Busch Inbev SA/NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ontario (Province Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Japan (Government Of)</name>
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        <name>Ministerio de Hacienda y Credito Publico</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fiserv Funding ULC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Romania (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Eagle Funding Luxco S.a.r.l.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Mexico (United Mexican States)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Notes</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Credit Company LLC</name>
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        <name>ALIGNED DATA CENTERS ISSUER LLC</name>
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        <name>United States Treasury Notes</name>
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        <title>T 3.75 04/30/27</title>
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        <name>United States Treasury Notes</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Volksbank Wien AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ITRAXX EUROPE SERIES 44</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kraft Heinz Foods Company</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MERCHANTS FLEET FUNDING LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ontario (Province Of)</name>
        <lei>C7PVKCRGLG18EBQGZV36</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CYRUSONE DATA CENTERS ISSUER I LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Posco</name>
        <lei>9884000N94NH7G6LQ816</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ITRAXX EUROPE SERIES 44</name>
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        <name>Volksbank Wien AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Take-Two Interactive Software Inc.</name>
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        <name>Regatta XXV FDG 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>Queensland Treasury Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Germany (Federal Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Germany (Federal Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bank Aktiengesellschaft, Frankfurt Branch</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Germany (Federal Republic Of)</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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        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wintershall Dea Finance 2 B.V.</name>
        <lei>529900DV88FUQZSVVL48</lei>
        <title>HBRLN V3 PERP NC8</title>
        <cusip>N963A2AA6</cusip>
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          <isin value="XS2286041947"/>
          <ticker value="HBRLN"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Netherlands (Kingdom Of)</name>
        <lei>254900G14ALGVKORFN62</lei>
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        <cusip>N4580ZKC0</cusip>
        <identifiers>
          <isin value="NL0000102234"/>
          <ticker value="NETHER"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX 4.875 05/16/36</title>
        <cusip>P6625ABP6</cusip>
        <identifiers>
          <isin value="XS3265540909"/>
          <ticker value="MEX"/>
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        <balance>1614000</balance>
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        <pctVal>0.2652784375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chile (Republic Of)</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>BTPCL 4.7 09/01/30</title>
        <cusip>P9T38EAW8</cusip>
        <identifiers>
          <isin value="CL0002454248"/>
          <ticker value="CHILE"/>
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        <balance>90000000</balance>
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        <currencyConditional curCd="CLP" exchangeRt="0.00108"/>
        <valUSD>95153.59</valUSD>
        <pctVal>0.0139013833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.700000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Australia (Commonwealth of)</name>
        <lei>213800J6B7JSBDETCB42</lei>
        <title>ACGB 3.25 06/21/39 147</title>
        <cusip>Q08184MU6</cusip>
        <identifiers>
          <isin value="AU000XCLWAP3"/>
          <ticker value="ACGB"/>
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        <balance>1385000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="0.68995"/>
        <valUSD>786500.5</valUSD>
        <pctVal>0.1149031261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Zealand (Government Of)</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>NZGB 3.5 04/14/33 0433</title>
        <cusip>Q54627BK1</cusip>
        <identifiers>
          <isin value="NZGOVDT433C9"/>
          <ticker value="NZTB"/>
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        <balance>670000</balance>
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        <currencyConditional curCd="NZD" exchangeRt="0.57465"/>
        <valUSD>362665.28</valUSD>
        <pctVal>0.0529832777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Thailand (Kingdom Of)</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAIGB 2.41 03/17/35</title>
        <cusip>Y603FFAA2</cusip>
        <identifiers>
          <isin value="TH0623A3F302"/>
          <ticker value="THAIGB"/>
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        <balance>44980000</balance>
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        <currencyConditional curCd="THB" exchangeRt="0.030321"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.410000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>BFCM 3.75 02/03/34 EMTN</title>
        <cusip>F07337UJ9</cusip>
        <identifiers>
          <isin value="FR001400N6I8"/>
          <ticker value="BFCM"/>
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        <balance>400000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
        <valUSD>456863.03</valUSD>
        <pctVal>0.0667450184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>France (Republic Of)</name>
        <lei>969500KCGF3SUYJHPV70</lei>
        <title>FRTR 4 10/25/38 OAT</title>
        <cusip>F43750JP8</cusip>
        <identifiers>
          <isin value="FR0010371401"/>
          <ticker value="FRTR"/>
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        <balance>1475000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
        <valUSD>1711931.54</valUSD>
        <pctVal>0.2501031920</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Thailand (Kingdom Of)</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAIGB 2 12/17/31</title>
        <cusip>Y6065BNK9</cusip>
        <identifiers>
          <isin value="TH0623X3BC03"/>
          <ticker value="THAIGB"/>
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        <balance>62850000</balance>
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        <currencyConditional curCd="THB" exchangeRt="0.030321"/>
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        <pctVal>0.2818026682</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Africa Finance Corporation</name>
        <lei>213800LXFHRRXIJRXW97</lei>
        <title>AFRFIN 4.375 04/17/26 REGS</title>
        <cusip>V0055BAJ4</cusip>
        <identifiers>
          <isin value="XS1983289791"/>
          <ticker value="AFRFIN"/>
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        <balance>363000</balance>
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        <curCd>USD</curCd>
        <valUSD>362631.25</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
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        <name>Finland (Republic Of)</name>
        <lei>743700M6Y2OQRVSBRD14</lei>
        <title>RFGB 3 09/15/33 10Y</title>
        <cusip>X27717MY4</cusip>
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          <isin value="FI4000550249"/>
          <ticker value="FINL"/>
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        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Wintershall Dea Finance B.V.</name>
        <lei>529900SUC9JUI6M74U66</lei>
        <title>HBRLN 1.823 09/25/31</title>
        <cusip>N9639XAD4</cusip>
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          <isin value="XS2055079904"/>
          <ticker value="HBRLN"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Volkswagen International Finance N.V.</name>
        <lei>5299004PWNHKYTR23649</lei>
        <title>VW V4.375 PERP .</title>
        <cusip>N93695TS8</cusip>
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          <isin value="XS2342732646"/>
          <ticker value="VW"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 5.25 05/30/32 144a</title>
        <cusip>X7360WCX8</cusip>
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          <isin value="XS2829703680"/>
          <ticker value="ROMANI"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Medtronic, Inc.</name>
        <lei>D56MRZY2INAN94ZONZ37</lei>
        <title>MDT 4.15 10/15/43</title>
        <cusip>585055BX3</cusip>
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          <isin value="XS2834367992"/>
          <ticker value="MDT"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>CTP NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chile (Republic Of)</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GA Global Funding Trust</name>
        <lei>54930029I8ROQ4OROZ88</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verallia</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC V3.911 05/13/34 EMTN</title>
        <cusip>G4634UU34</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VOD V4.625 09/12/55 EMTN</title>
        <cusip>G9376VEA5</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.8 12/20/47 57</title>
        <cusip>J2S39KUZ7</cusip>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cooperatieve Rabobank U.A.</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>RABOBK V4.875 PERP</title>
        <cusip>N22616MH1</cusip>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AUTONATION FINANCE TRUST 2025-1</name>
        <lei>N/A</lei>
        <title>DRVPNK 2025-1A A3</title>
        <cusip>05330QAC6</cusip>
        <identifiers>
          <isin value="US05330QAC69"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>SANTAN 5.127 11/06/35</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Carvana Auto Receivables Trust 2019-3</name>
        <lei>N/A</lei>
        <title>CRVNA 2021-N2 C</title>
        <cusip>14686KAD9</cusip>
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        <curCd>USD</curCd>
        <valUSD>45841.55</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>1.070000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7550</title>
        <cusip>3132DVL78</cusip>
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          <ticker value="FHLMC"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Severn Trent Utilities Finance PLC</name>
        <lei>213800KY9PT6WBH33232</lei>
        <title>SVTLN 5.25 04/04/36 EMTN</title>
        <cusip>G80571AK1</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MBONO 8 02/21/36 M</title>
        <cusip>P4R1NQAV3</cusip>
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          <isin value="MX0MGO0001L9"/>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>WEA Finance LLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>URWFP 2.875 01/15/27 REGS</title>
        <cusip>U94303AF8</cusip>
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          <isin value="USU94303AF86"/>
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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>2.875000000000</annualizedRt>
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        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 5.625 02/22/36 144A</title>
        <cusip>N/A</cusip>
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          <isin value="XS2771480139"/>
          <ticker value="ROMANI"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>BMS Ireland Capital Funding DAC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Alimentation Couche-Tard Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Colombia (Republic Of)</name>
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        <name>Poland (Republic of)</name>
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        <name>Federal National Mortgage Association</name>
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        <name>GLP Capital L.P. and GLP Financing II, Inc.</name>
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        <name>New Zealand (Government Of)</name>
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        <name>Cellnex Finance Company S.A.U.</name>
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        <name>Autostrade per l'Italia S.p.A.</name>
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        <name>Intesa Sanpaolo S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Heathrow Funding Ltd.</name>
        <lei>7TI96JO3DYEIQWZ7Z726</lei>
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        <cusip>G4R1K8AA2</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Blackstone Private Credit Fund</name>
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        <valUSD>381825.41</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citadel Finance LLC</name>
        <lei>549300BQL283NCR7P163</lei>
        <title>CITADL 5.9 02/10/30 144A</title>
        <cusip>17287HAD2</cusip>
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          <isin value="US17287HAD26"/>
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        <curCd>USD</curCd>
        <valUSD>1296249.25</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.900000000000</annualizedRt>
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      <invstOrSec>
        <name>Corporacion Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>CDEL 6.3 09/08/53 144A</title>
        <cusip>21987BBH0</cusip>
        <identifiers>
          <isin value="US21987BBH06"/>
          <ticker value="CDEL"/>
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        <balance>220000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>220933.23</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-08</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>ENIIM 5.95 05/15/54 144A</title>
        <cusip>26874RAP3</cusip>
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          <ticker value="ENIIM"/>
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        <curCd>USD</curCd>
        <valUSD>428825.79</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SB8505</title>
        <cusip>3132D6NW6</cusip>
        <identifiers>
          <isin value="US3132D6NW65"/>
          <ticker value="FHLMC"/>
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        <balance>817087.06</balance>
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        <curCd>USD</curCd>
        <valUSD>776476.25</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC.</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>FABSJV 6.2 01/25/37</title>
        <cusip>350930AJ2</cusip>
        <identifiers>
          <isin value="US350930AJ29"/>
          <ticker value="FABSJV"/>
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        <balance>630000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>651034</valUSD>
        <pctVal>0.0951122622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.200000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Merck &amp; Co., Inc</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>MRK 5.55 12/04/55</title>
        <cusip>58933YCB9</cusip>
        <identifiers>
          <isin value="US58933YCB92"/>
          <ticker value="MRK"/>
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        <balance>1170000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1136189.13</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>2055-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.550000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NTT Finance Corp</name>
        <lei>3538007PR116187GD960</lei>
        <title>NTT 4.091 07/16/37 144A</title>
        <cusip>62954WAZ8</cusip>
        <identifiers>
          <isin value="XS3100082737"/>
          <ticker value="NTT"/>
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        <balance>376000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.091000000000</annualizedRt>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 6.625 02/17/28 144A</title>
        <cusip>77586RAQ3</cusip>
        <identifiers>
          <isin value="US77586RAQ39"/>
          <ticker value="ROMANI"/>
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        <curCd>USD</curCd>
        <valUSD>694668.75</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.625000000000</annualizedRt>
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      <invstOrSec>
        <name>Societe Generale S.A.</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCGEN V9.375 PERP 144A</title>
        <cusip>83370RAC2</cusip>
        <identifiers>
          <isin value="US83370RAC25"/>
          <ticker value="SOCGEN"/>
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        <balance>350000</balance>
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        <curCd>USD</curCd>
        <valUSD>365950.91</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.375000000000</annualizedRt>
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      <invstOrSec>
        <name>Gildan Activewear Inc.</name>
        <lei>549300SB3IBI34M00Z45</lei>
        <title>GILCN 4.7 10/07/30 144A</title>
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          <isin value="US375916AF02"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>INVESCO CLO 2022-2. LTD.</name>
        <lei>54930008L2A8UYGN7A86</lei>
        <title>INVCO 2023-3A AR</title>
        <cusip>46091RAL7</cusip>
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          <isin value="US46091RAL78"/>
          <ticker value="INVCO"/>
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        <valUSD>975125.75</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.625 02/15/46</title>
        <cusip>912810UT3</cusip>
        <identifiers>
          <isin value="US912810UT33"/>
          <ticker value="T"/>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-02-15</maturityDt>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.5 02/15/33</title>
        <cusip>91282CGM7</cusip>
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          <ticker value="T"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.375 02/29/28</title>
        <cusip>91282CQB0</cusip>
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          <isin value="US91282CQB09"/>
          <ticker value="T"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000</annualizedRt>
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        <name>CDX.NA.IG.45</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
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        <curCd>USD</curCd>
        <valUSD>-68778.6</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <derivativeInfo>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>CDX OPTIONS</issuerName>
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                  <cusip value="N/A"/>
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            <shareNo>-17000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-25853.6</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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          <isin value="US61748UAN28"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mosaic Solar Loan Trust 2023-2</name>
        <lei>N/A</lei>
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          <isin value="US61945WAA71"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.360000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OCTAGON 61</name>
        <lei>N/A</lei>
        <title>OCT61 2023-2A A1R</title>
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          <isin value="US675947AL91"/>
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        <balance>680000</balance>
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        <curCd>USD</curCd>
        <valUSD>680450.81</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.684810000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Onemain Financial Issuance Trust 2014-2</name>
        <lei>N/A</lei>
        <title>OMFIT 2020-2A A</title>
        <cusip>682696AA7</cusip>
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          <isin value="US682696AA77"/>
          <ticker value="OMFIT"/>
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        <balance>582940</balance>
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        <curCd>USD</curCd>
        <valUSD>574958</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 5.2 09/26/35</title>
        <cusip>68389XDM4</cusip>
        <identifiers>
          <isin value="US68389XDM48"/>
          <ticker value="ORCL"/>
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        <balance>780000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>731636.06</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>2035-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.200000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 6.85 02/04/66</title>
        <cusip>68389XEC5</cusip>
        <identifiers>
          <isin value="US68389XEC56"/>
          <ticker value="ORCL"/>
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        <balance>550000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>505627.09</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.850000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F022642</cusip>
        <identifiers>
          <isin value="US01F0226427"/>
          <ticker value="FNMA"/>
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        <balance>4690000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3942531.25</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F030645</cusip>
        <identifiers>
          <isin value="US01F0306450"/>
          <ticker value="FNMA"/>
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        <balance>6290000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5523748.5</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Anheuser-Busch Inbev SA/NV</name>
        <lei>5493008H3828EMEXB082</lei>
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        <cusip>B639CJRD2</cusip>
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        <invCountry>BE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aareal Bank AG</name>
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        <cusip>D0037WVL3</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>DBR 0 05/15/35</title>
        <cusip>D2R8H4FE4</cusip>
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          <isin value="DE0001102515"/>
          <ticker value="BKO"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>Banco Santander SA</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pfizer Investment Enterprises Pte Ltd.</name>
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        <invCountry>SG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Bonds</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.125 11/30/31</title>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Notes</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Notes</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.625 09/30/30</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Western Alliance Bank</name>
        <lei>SI7YQSVPFZBSQ878IC17</lei>
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        <cusip>95758BCL1</cusip>
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          <ticker value="WAL"/>
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        <balance>590000</balance>
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        <curCd>USD</curCd>
        <valUSD>577863.69</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F052649</cusip>
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          <isin value="US01F0526495"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Aptiv PLC</name>
        <lei>N/A</lei>
        <title>APTV 3.1 12/01/51</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Ares Capital Corp.</name>
        <lei>WEQ82666OJYSI5GUAB47</lei>
        <title>ARCC 5.5 09/01/30</title>
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          <ticker value="ARCC"/>
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        <curCd>USD</curCd>
        <valUSD>329026.05</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Blackstone Private Credit Fund</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>BCRED 6.25 01/25/31</title>
        <cusip>09261HBG1</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Brown &amp; Brown Inc</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>BRO 5.25 06/23/32</title>
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        <fairValLevel>2</fairValLevel>
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        <name>COLT 2023-4 MORTGAGE LOAN TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Denmark (Kingdom Of)</name>
        <lei>549300PTO6LS1PTM6607</lei>
        <title>DGB 4.5 11/15/39 31Y</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BACR V9.25 PERP</title>
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        <fairValLevel>2</fairValLevel>
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        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Ireland (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Italy (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 2.2 03/20/64 17</title>
        <cusip>J2S39L2J2</cusip>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CDX.NA.IG.45</name>
        <lei>N/A</lei>
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        <cusip>AA9N7EXT1</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 44</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>European Union</name>
        <lei>529900FZRK8FGMPEOM08</lei>
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        <cusip>B3S09CAH9</cusip>
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        <invCountry>XX</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Belgium (Kingdom Of)</name>
        <lei>549300SZ25JZFHRHWD76</lei>
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        <cusip>B1121KRV9</cusip>
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          <ticker value="BELG"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.400000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Iceland (Republic Of)</name>
        <lei>254900IPCJWRC6XAJN15</lei>
        <title>ICEGB 4.5 02/17/42</title>
        <cusip>X20146AZ3</cusip>
        <identifiers>
          <isin value="IS0000033884"/>
          <ticker value="ICELND"/>
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        <balance>286078016</balance>
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        <currencyConditional curCd="ISK" exchangeRt="0.008061"/>
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        <pctVal>0.2627524198</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IS</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Kreditanstalt Fuer Wiederaufbau</name>
        <lei>549300GDPG70E3MBBU98</lei>
        <title>KFW 0.375 04/23/30 EMTN</title>
        <cusip>D4S46MCX1</cusip>
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          <isin value="DE000A11QTF7"/>
          <ticker value="KFW"/>
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        <balance>1070000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>CHTR 4.8 03/01/50</title>
        <cusip>161175BT0</cusip>
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          <ticker value="CHTR"/>
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        <curCd>USD</curCd>
        <valUSD>1207369.84</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Corporacion Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>CDEL 5.95 01/08/34 144A</title>
        <cusip>21987BBG2</cusip>
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        <curCd>USD</curCd>
        <valUSD>552130.56</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H022648</cusip>
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          <isin value="US21H0226488"/>
          <ticker value="GNR"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H050649</cusip>
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          <ticker value="GNR"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>ENT AUTO RECEIVABLES TRUST 2023-1</name>
        <lei>N/A</lei>
        <title>ENT 2023-1A A3</title>
        <cusip>293601AE0</cusip>
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          <isin value="US293601AE08"/>
          <ticker value="ENT"/>
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        <balance>85094.18</balance>
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        <curCd>USD</curCd>
        <valUSD>85443.62</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>ES V6.1 08/15/56 A</title>
        <cusip>30040WBC1</cusip>
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          <isin value="US30040WBC10"/>
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        <balance>230000</balance>
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        <curCd>USD</curCd>
        <valUSD>227156.84</valUSD>
        <pctVal>0.0331862866</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Northumbrian Water Finance plc</name>
        <lei>213800JTFA6F3S7XX781</lei>
        <title>NWGLN 6.375 10/28/34 EMTN</title>
        <cusip>G6661MAK7</cusip>
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          <isin value="XS2550206333"/>
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        <balance>549000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>CAT 3.742 09/04/26 EMTN</title>
        <cusip>U1491MBF8</cusip>
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          <isin value="XS2623668634"/>
          <ticker value="CAT"/>
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        <pctVal>0.4240548304</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.742000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Realty Income Corporation</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>O 5.125 07/06/34</title>
        <cusip>756109BV5</cusip>
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          <isin value="XS2644969698"/>
          <ticker value="O"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <pctVal>0.0474418358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eurofins Scientific SE</name>
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        <name>CI Financial Corp</name>
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        <name>Werfen SA</name>
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        <name>Bayer AG</name>
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        <fairValLevel>2</fairValLevel>
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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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        <name>Ubisoft Entertainment S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Engie SA</name>
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        <name>Eversource Energy</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ford Auto Securitization Trust II</name>
        <lei>549300OMOD4L2OWKWN21</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OBX 2025-NQM18 TRUST</name>
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        <title>OBX 2025-NQM18 A1</title>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2065-09-25</maturityDt>
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          <annualizedRt>5.057000000000</annualizedRt>
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      <invstOrSec>
        <name>PG&amp;E Corporation</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
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          <isin value="US69331CAM01"/>
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        <curCd>USD</curCd>
        <valUSD>422694.06</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>DBR 4.75 07/04/34</title>
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          <isin value="DE0001135226"/>
          <ticker value="BKO"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Realty Income Corporation</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>O 3.875 06/20/35 .</title>
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          <isin value="XS3097936176"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>France (Republic Of)</name>
        <lei>969500KCGF3SUYJHPV70</lei>
        <title>FRTR 3.25 05/25/55 OAT</title>
        <cusip>F26348DM5</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</annualizedRt>
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        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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        <cusip>G0809LJJ9</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.25 05/15/50</title>
        <cusip>912810SN9</cusip>
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          <isin value="US912810SN90"/>
          <ticker value="T"/>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.125 05/15/40</title>
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          <isin value="US912810SR05"/>
          <ticker value="T"/>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Cadent Finance PLC</name>
        <lei>5493005M8TJ0J6IMUF67</lei>
        <title>CDTFIN 3.75 04/16/33 EMTN</title>
        <cusip>G1746KAY1</cusip>
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          <isin value="XS2801122917"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Yorkshire Water Finance PLC</name>
        <lei>213800O8BDOGHJMTCP32</lei>
        <title>KEL 6.6011 04/17/31 .</title>
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          <isin value="XS0439817577"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Japan (Government Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Japan (Government Of)</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.5 11/15/33</title>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.125 02/28/27</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-28</maturityDt>
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          <annualizedRt>4.125000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.25 08/15/35</title>
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          <isin value="US91282CNT44"/>
          <ticker value="T"/>
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        <balance>7889700</balance>
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        <curCd>USD</curCd>
        <valUSD>7860113.63</valUSD>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.625 12/31/30</title>
        <cusip>91282CPR6</cusip>
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          <isin value="US91282CPR69"/>
          <ticker value="T"/>
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        <balance>7400000</balance>
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        <curCd>USD</curCd>
        <valUSD>7299406.38</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.7 12/20/50 69</title>
        <cusip>J2S39LKG8</cusip>
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          <isin value="JP1300691M16"/>
          <ticker value="JGB"/>
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        <balance>23950000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006301"/>
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        <pctVal>0.0116619353</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.700000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Poland (Republic of)</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>POLGB 6 10/25/33 1033</title>
        <cusip>X8T024CH6</cusip>
        <identifiers>
          <isin value="PL0000115291"/>
          <ticker value="POLAND"/>
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        <balance>3125000</balance>
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        <currencyConditional curCd="PLN" exchangeRt="0.269382"/>
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        <pctVal>0.1256078656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Italy (Republic Of)</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 0.95 03/01/37 16Y</title>
        <cusip>T6052BYU6</cusip>
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          <isin value="IT0005433195"/>
          <ticker value="ITALY"/>
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        <balance>1652000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <pctVal>0.2053641156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>National Grid North America Inc.</name>
        <lei>5Q3U0WRKWZZGRMPYFT08</lei>
        <title>NGGLN 4.668 09/12/33 EMTN</title>
        <cusip>U6300AEQ7</cusip>
        <identifiers>
          <isin value="XS2680745382"/>
          <ticker value="NGGLN"/>
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        <balance>501000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
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        <pctVal>0.0881720360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.668000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEA Finance LLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>URWFP 2.875 01/15/27 144A</title>
        <cusip>92928QAH1</cusip>
        <identifiers>
          <isin value="US92928QAH11"/>
          <ticker value="URWFP"/>
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        <balance>683000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>674537.5</valUSD>
        <pctVal>0.0985459862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CDX.NA.IG.45</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N73871</cusip>
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          <other otherDesc="In-House" value="AA9N73871"/>
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        <balance>-17000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-6.8</valUSD>
        <pctVal>-0.0000009934</pctVal>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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                <issuerName>CDX OPTIONS</issuerName>
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            <delta>XXXX</delta>
            <unrealizedAppr>9768.2</unrealizedAppr>
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      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 44</name>
        <lei>N/A</lei>
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        <cusip>AA9N74QQ1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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            <delta>XXXX</delta>
            <unrealizedAppr>12402.6</unrealizedAppr>
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      <invstOrSec>
        <name>CDX.NA.IG.45</name>
        <lei>N/A</lei>
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        <cusip>AA9N77E61</cusip>
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          <other otherDesc="In-House" value="AA9N77E61"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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      <invstOrSec>
        <name>Oncor Electric Delivery Company LLC</name>
        <lei>549300SP2X2BS1KERD24</lei>
        <title>ONCRTX 3.625 06/15/34 REGS</title>
        <cusip>U68279AQ8</cusip>
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          <isin value="XS3095367119"/>
          <ticker value="ONCRTX"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 4.625 04/03/49 REGS</title>
        <cusip>X7360WBA9</cusip>
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          <isin value="XS1968706876"/>
          <ticker value="ROMANI"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</annualizedRt>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 3.375 01/28/50 REGS</title>
        <cusip>X7360WBF8</cusip>
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          <isin value="XS2109813142"/>
          <ticker value="ROMANI"/>
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        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stryker Corporation</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>SYK 2.125 11/30/27</title>
        <cusip>863667AT8</cusip>
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          <isin value="XS1914502304"/>
          <ticker value="SYK"/>
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        <balance>1500000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.155856"/>
        <valUSD>1704946.38</valUSD>
        <pctVal>0.2490827009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 44</name>
        <lei>N/A</lei>
        <title>CDX SWAPTIONS</title>
        <cusip>AA9N7DU21</cusip>
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          <other otherDesc="In-House" value="AA9N7DU21"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Veolia Environnement S.A.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arkema SA</name>
        <lei>9695000EHMS84KKP2785</lei>
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          <isin value="FR0014012JL7"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RLGH Finance Bermuda Ltd.</name>
        <lei>549300JARQYXR76TRX40</lei>
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        <invCountry>BM</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Greece (Republic Of)</name>
        <lei>2138003EKTMKZ5598902</lei>
        <title>GGB 4.375 07/18/38</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
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        <cusip>J2S39LA61</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Japan (Government Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Korea (Republic Of)</name>
        <lei>549300O0QCVSQGPGDT58</lei>
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        <cusip>Y7277F8G8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Eagle Funding Luxco S.a.r.l.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos Sa De CV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ING Groep N.V.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc</name>
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        <cusip>05724BAH2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Iceland (Republic Of)</name>
        <lei>254900IPCJWRC6XAJN15</lei>
        <title>ICEGB 7 09/17/35</title>
        <cusip>X20146BU3</cusip>
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        <invCountry>IS</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Peru (Republic Of)</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>PERUGB 6.15 08/12/32</title>
        <cusip>P6S32DDY6</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>PE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>New South Wales Treasury Corporation</name>
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        <name>Italy (Republic Of)</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>Greece (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mexico (United Mexican States)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DS Smith PLC</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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        <name>Northumbrian Water Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Becton, Dickinson and Company</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyota Motor Finance (Netherlands) B.V.</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>Chile (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
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        <cusip>023135DQ6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Malaysia (Government Of)</name>
        <lei>254900GSIL471JOBYY43</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>China (People's Republic Of)</name>
        <lei>300300CHN201808MOF68</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>China (People's Republic Of)</name>
        <lei>300300CHN201808MOF68</lei>
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        <cusip>Y6S39BXL9</cusip>
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        <fairValLevel>2</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-08-25</ncom:dateSigned>
      <ncom:nameOfApplicant>EMPOWER FUNDS, INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/Kelly New</ncom:signature>
      <ncom:signerName>Kelly New</ncom:signerName>
      <ncom:title>Treasurer, Empower Funds, Inc.</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
