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      <invstOrSec>
        <name>GINNIE MAE II POOL</name>
        <lei>N/A</lei>
        <title>G2SF 2.0 MA7051 12-20-50</title>
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        <valUSD>785381.79</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CG Symbol" value="MZO66848"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Lch Clearnet (Us)</counterpartyName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
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        <lei>N/A</lei>
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          <other otherDesc="CG Symbol" value="MZO66875"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Lch Clearnet (Us)</counterpartyName>
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            <swapFlag>Y</swapFlag>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RISKLESS ISSUER</name>
        <lei>N/A</lei>
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          <other otherDesc="CG Symbol" value="MZO66989"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>126108.04</valUSD>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Lch Clearnet (Us)</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <unrealizedAppr>126108.039999999994</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RISKLESS ISSUER</name>
        <lei>N/A</lei>
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        <identifiers>
          <other otherDesc="CG Symbol" value="MZO68676"/>
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        <balance>1.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>264549.47</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Lch Clearnet (Us)</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
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            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <unrealizedAppr>264549.469999999972</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RISKLESS ISSUER</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CG Symbol" value="MZO70218"/>
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        <balance>1.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>58136.50</valUSD>
        <pctVal>0.0031036710</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Lch Clearnet (Us)</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="489.250000000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.275000000000"/>
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      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
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        <identifiers>
          <other otherDesc="CG Symbol" value="PFS2951"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2467250.00</valUSD>
        <pctVal>-0.1317164312</pctVal>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
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                  <other otherDesc="CGSymbol" value="PFS2951_REF"/>
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            <shareNo>1000000.000000000000</shareNo>
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            <delta>XXXX</delta>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>SOFR 90DAY FUT OPT SFRZ6P P @ 97 12-11-26</title>
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          <other otherDesc="CG Symbol" value="PFS2952"/>
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        <balance>709.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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            <writtenOrPur>Purchased</writtenOrPur>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>SOFR 90DAY FUT SFRZ6 03-16-27</title>
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          <ticker value="SR3Z6"/>
          <other otherDesc="CG Symbol" value="ULS2984"/>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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            <expDate>2027-03-17</expDate>
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      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>SOFR 90DAY FUT SFRM6 09-15-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SR3M6"/>
          <other otherDesc="CG Symbol" value="ULS2985"/>
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        <balance>26.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-31804.55</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
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                  <other otherDesc="CGSymbol" value="ULS2985_REF"/>
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            <expDate>2026-09-16</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>SOFR 90DAY FUT SFRU6 12-15-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SR3U6"/>
          <other otherDesc="CG Symbol" value="ULS3049"/>
        </identifiers>
        <balance>555.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-358062.70</valUSD>
        <pctVal>-0.0191155096</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>SOFR 90DAY FUT SFRU6 12-15-26</issueTitle>
                <identifiers>
                  <other otherDesc="CGSymbol" value="ULS3049_REF"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-12-16</expDate>
            <notionalAmt>133317937.500000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-358062.700000000012</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>UST 10YR FUT ULTRA UXYU6 09-21-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TNU6"/>
          <other otherDesc="CG Symbol" value="ULU10104"/>
        </identifiers>
        <balance>524.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>633290.59</valUSD>
        <pctVal>0.0338088059</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>UST 10YR FUT ULTRA UXYU6 09-21-26</issueTitle>
                <identifiers>
                  <other otherDesc="CGSymbol" value="ULU10104_REF"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-09-30</expDate>
            <notionalAmt>58933625.000000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>633290.589999999967</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>UST 20YR FUT USU6 09-21-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ZBU6"/>
          <other otherDesc="CG Symbol" value="ULU10105"/>
        </identifiers>
        <balance>180.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>544462.82</valUSD>
        <pctVal>0.0290666530</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>UST 20YR FUT USU6 09-21-26</issueTitle>
                <identifiers>
                  <other otherDesc="CGSymbol" value="ULU10105_REF"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-09-30</expDate>
            <notionalAmt>20430000.000000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>544462.819999999949</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>UST 10YR FUT TYU6 09-21-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ZNU6"/>
          <other otherDesc="CG Symbol" value="ULU10106"/>
        </identifiers>
        <balance>53.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-27406.83</valUSD>
        <pctVal>-0.0014631391</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>UST 10YR FUT TYU6 09-21-26</issueTitle>
                <identifiers>
                  <other otherDesc="CGSymbol" value="ULU10106_REF"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-09-30</expDate>
            <notionalAmt>-5824203.389999999665</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-27406.830000000002</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>UST 30YR FUT ULTRA WNU6 09-21-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UBU6"/>
          <other otherDesc="CG Symbol" value="ULU10107"/>
        </identifiers>
        <balance>118.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>319381.16</valUSD>
        <pctVal>0.0170504597</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>UST 30YR FUT ULTRA WNU6 09-21-26</issueTitle>
                <identifiers>
                  <other otherDesc="CGSymbol" value="ULU10107_REF"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-09-30</expDate>
            <notionalAmt>13706437.500000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>319381.159999999974</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>UST 2YR FUT TUU6 09-30-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ZTU6"/>
          <other otherDesc="CG Symbol" value="ULU10128"/>
        </identifiers>
        <balance>4335.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-687756.40</valUSD>
        <pctVal>-0.0367165137</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>UST 2YR FUT TUU6 09-30-26</issueTitle>
                <identifiers>
                  <other otherDesc="CGSymbol" value="ULU10128_REF"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-10-05</expDate>
            <notionalAmt>893585731.350000023842</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-687756.400000000023</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>UST 5YR FUT FVU6 09-30-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ZFU6"/>
          <other otherDesc="CG Symbol" value="ULU10129"/>
        </identifiers>
        <balance>2852.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>798127.19</valUSD>
        <pctVal>0.0426087608</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>UST 5YR FUT FVU6 09-30-26</issueTitle>
                <identifiers>
                  <other otherDesc="CGSymbol" value="ULU10129_REF"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-10-05</expDate>
            <notionalAmt>305297701.759999990463</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>798127.189999999944</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RISKLESS ISSUER</name>
        <lei>N/A</lei>
        <title>OIS RECFIX USD 3.18% 04-17-23/04-17-30 LCH</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CG Symbol" value="MZO52063"/>
        </identifiers>
        <balance>1.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-67648.36</valUSD>
        <pctVal>-0.0036114705</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Lch Clearnet (Us)</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="229.670000000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.180000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="3.620000000000" pmntAmt="261.950000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-04-17</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2600000.000000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-67648.360000000001</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RISKLESS ISSUER</name>
        <lei>N/A</lei>
        <title>OIS PAYFIX USD 2.974% 04-17-23/04-17-53 LCH</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CG Symbol" value="MZO52075"/>
        </identifiers>
        <balance>1.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>160016.80</valUSD>
        <pctVal>0.0085426454</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Lch Clearnet (Us)</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="3.620000000000" pmntAmt="80.600000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="66.090000000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="2.974000000000"/>
            <terminationDt>2053-04-17</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>800000.000000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>160016.799999999988</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RISKLESS ISSUER</name>
        <lei>N/A</lei>
        <title>OIS PAYFIX USD 3.044% 04-18-23/04-18-53 LCH</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CG Symbol" value="MZO52138"/>
        </identifiers>
        <balance>1.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>151026.08</valUSD>
        <pctVal>0.0080626675</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Lch Clearnet (Us)</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="3.620000000000" pmntAmt="82.220000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="67.640000000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.044000000000"/>
            <terminationDt>2053-04-18</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>800000.000000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>151026.079999999987</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RISKLESS ISSUER</name>
        <lei>N/A</lei>
        <title>OIS RECFIX USD 3.275% 04-18-23/04-18-30 LCH</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CG Symbol" value="MZO52141"/>
        </identifiers>
        <balance>1.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-59003.62</valUSD>
        <pctVal>-0.0031499630</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Lch Clearnet (Us)</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="236.530000000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.275000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="3.620000000000" pmntAmt="267.220000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-04-18</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2600000.000000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-59003.620000000003</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RISKLESS ISSUER</name>
        <lei>N/A</lei>
        <title>OIS RECFIX USD 3.342% 04-19-23/04-19-30 LCH</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CG Symbol" value="MZO52200"/>
        </identifiers>
        <balance>1.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-52925.08</valUSD>
        <pctVal>-0.0028254545</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Lch Clearnet (Us)</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="241.370000000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.342000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="3.620000000000" pmntAmt="261.880000000000">
              <rtResetTenors>
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        <lei>254900HROIFWPRGM1V77</lei>
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        <lei>254900HROIFWPRGM1V77</lei>
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        <lei>254900HROIFWPRGM1V77</lei>
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        <name>UNITED STATES TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <lei>254900HROIFWPRGM1V77</lei>
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        <lei>254900HROIFWPRGM1V77</lei>
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        <lei>254900HROIFWPRGM1V77</lei>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT</name>
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          <isin value="US911759MJ48"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PRIVATE EXPORT FUNDING CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SOUTHAVEN COMBINED CYCLE GENERATION LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TENNESSEE VALLEY AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <lei>254900HROIFWPRGM1V77</lei>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <lei>254900HROIFWPRGM1V77</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES TREASURY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
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    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-27</ncom:dateSigned>
      <ncom:nameOfApplicant>AMERICAN FUNDS INSURANCE SERIES</ncom:nameOfApplicant>
      <ncom:signature>Scott Lewis</ncom:signature>
      <ncom:signerName>Scott Lewis</ncom:signerName>
      <ncom:title>Compliance Specialist Senior</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
