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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FREDDIE MAC POOL FR 12/51 FIXED 2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FREDDIE MAC POOL FR 02/52 FIXED 2</name>
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        <name>AandD MORTGAGE TRUST 2024-NQM4 ADMT 2024 NQM4 M1 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AandD MORTGAGE TRUST 2025-NQM4 ADMT 2025 NQM4 M1 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Agate Bay Mortgage Trust 2013-1</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>FANNIE MAE OR FREDDIE MAC MBS 30YR TBA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FANNIE MAE OR FREDDIE MAC MBS 30YR TBA</name>
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        <identifiers>
          <isin value="US01F0606750"/>
          <ticker value="FNCL"/>
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        <balance>300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>306468.75</valUSD>
        <pctVal>0.1525810903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE POOL FN 06/53 FIXED VAR</title>
        <cusip>3140XMGW0</cusip>
        <identifiers>
          <isin value="US3140XMGW06"/>
          <ticker value="FN"/>
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        <balance>61474.26</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59346.43</valUSD>
        <pctVal>0.0295467091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</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>ANGEL OAK MORTGAGE TRUST 2022- AOMT 2022 5 A1 144A</name>
        <lei>N/A</lei>
        <title>ANGEL OAK MORTGAGE TRUST 2022- AOMT 2022 5 A1 144A</title>
        <cusip>03464HAA3</cusip>
        <identifiers>
          <isin value="US03464HAA32"/>
          <ticker value="AOMT"/>
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        <balance>311014.12</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>310428.36</valUSD>
        <pctVal>0.1545524548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-05-25</maturityDt>
          <couponKind>Variable</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>ANGEL OAK MORTGAGE TRUST 2022- AOMT 2022 2 A2 144A</name>
        <lei>N/A</lei>
        <title>ANGEL OAK MORTGAGE TRUST 2022- AOMT 2022 2 A2 144A</title>
        <cusip>03464PAB3</cusip>
        <identifiers>
          <isin value="US03464PAB31"/>
          <ticker value="AOMT"/>
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        <balance>951494.27</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>881958.97</valUSD>
        <pctVal>0.4390994556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.762000000000</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>ANGEL OAK MORTGAGE TRUST 2022- AOMT 2022 3 A1 144A</name>
        <lei>N/A</lei>
        <title>ANGEL OAK MORTGAGE TRUST 2022- AOMT 2022 3 A1 144A</title>
        <cusip>03464TAA7</cusip>
        <identifiers>
          <isin value="US03464TAA79"/>
          <ticker value="AOMT"/>
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        <balance>326729.86</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>314853.29</valUSD>
        <pctVal>0.1567554874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANGEL OAK MORTGAGE TRUST 2022- AOMT 2022 6 A1 144A</name>
        <lei>N/A</lei>
        <title>ANGEL OAK MORTGAGE TRUST 2022- AOMT 2022 6 A1 144A</title>
        <cusip>03465VAA1</cusip>
        <identifiers>
          <isin value="US03465VAA17"/>
          <ticker value="AOMT"/>
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        <balance>645614.64</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>642831.2</valUSD>
        <pctVal>0.3200453077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.300000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANGEL OAK MORTGAGE TRUST 2024- AOMT 2024 10 M1 144A</name>
        <lei>N/A</lei>
        <title>ANGEL OAK MORTGAGE TRUST 2024- AOMT 2024 10 M1 144A</title>
        <cusip>034933AD3</cusip>
        <identifiers>
          <isin value="US034933AD30"/>
          <ticker value="AOMT"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200213.06</valUSD>
        <pctVal>0.0996797455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.007000000000</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>ANGEL OAK MORTGAGE TRUST 2025- AOMT 2025 13 M1 144A</name>
        <lei>N/A</lei>
        <title>ANGEL OAK MORTGAGE TRUST 2025- AOMT 2025 13 M1 144A</title>
        <cusip>034952AF8</cusip>
        <identifiers>
          <isin value="US034952AF83"/>
          <ticker value="AOMT"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>494736.6</valUSD>
        <pctVal>0.2463136938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.738000000000</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>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE POOL FN 07/52 FIXED VAR</title>
        <cusip>3140XHRP4</cusip>
        <identifiers>
          <isin value="US3140XHRP41"/>
          <ticker value="FN"/>
        </identifiers>
        <balance>257799.29</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250245.56</valUSD>
        <pctVal>0.1245893436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</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>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE POOL FN 10/52 FIXED VAR</title>
        <cusip>3140XJPY3</cusip>
        <identifiers>
          <isin value="US3140XJPY32"/>
          <ticker value="FN"/>
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        <balance>111187.22</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107790.36</valUSD>
        <pctVal>0.0536654085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-01</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>Arby's Funding Llc</name>
        <lei>N/A</lei>
        <title>ARBYS FUNDING LLC ARBYS 2020 1A A2 144A</title>
        <cusip>038779AB0</cusip>
        <identifiers>
          <isin value="US038779AB06"/>
          <ticker value="ARBYS"/>
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        <balance>518375</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>507042.18</valUSD>
        <pctVal>0.2524402526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.237000000000</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>ARROYO MORTGAGE TRUST 2019-1 ARRW 2019 1 A3 144A</name>
        <lei>N/A</lei>
        <title>ARROYO MORTGAGE TRUST 2019-1 ARRW 2019 1 A3 144A</title>
        <cusip>042859AC2</cusip>
        <identifiers>
          <isin value="US042859AC26"/>
          <ticker value="ARRW"/>
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        <balance>68897.16</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67329.61</valUSD>
        <pctVal>0.0335212817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.208000000000</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>AUTONATION FINANCE TRUST 2026- DRVPNK 2026 1A D 144A</name>
        <lei>N/A</lei>
        <title>AUTONATION FINANCE TRUST 2026- DRVPNK 2026 1A D 144A</title>
        <cusip>05330WAG4</cusip>
        <identifiers>
          <isin value="US05330WAG42"/>
          <ticker value="DRVPNK"/>
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        <balance>605000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>598290.61</valUSD>
        <pctVal>0.2978699577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.070000000000</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>Avis Budget Rental Car Funding (AESOP) LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>AVIS BUDGET RENTAL CAR FUNDING AESOP 2025 4A C 144A</title>
        <cusip>05377RLC6</cusip>
        <identifiers>
          <isin value="US05377RLC69"/>
          <ticker value="AESOP"/>
        </identifiers>
        <balance>600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>591434.88</valUSD>
        <pctVal>0.2944567068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.260000000000</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>BAHA TRUST 2024-MAR BAHA 2024 MAR B 144A</name>
        <lei>N/A</lei>
        <title>BAHA TRUST 2024-MAR BAHA 2024 MAR B 144A</title>
        <cusip>05493XAE0</cusip>
        <identifiers>
          <isin value="US05493XAE04"/>
          <ticker value="BAHA"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1029428.5</valUSD>
        <pctVal>0.5125198669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.069416000000</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>BBCMS MORTGAGE TRUST 2024-C30 BBCMS 2024 C30 A5</name>
        <lei>N/A</lei>
        <title>BBCMS MORTGAGE TRUST 2024-C30 BBCMS 2024 C30 A5</title>
        <cusip>05493YAE8</cusip>
        <identifiers>
          <isin value="US05493YAE86"/>
          <ticker value="BBCMS"/>
        </identifiers>
        <balance>300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>308602.02</valUSD>
        <pctVal>0.1536431779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.532000000000</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>BANK 2026-BNK52 BANK 2026 BNK52 A5</name>
        <lei>N/A</lei>
        <title>BANK 2026-BNK52 BANK 2026 BNK52 A5</title>
        <cusip>05495BBH8</cusip>
        <identifiers>
          <isin value="US05495BBH87"/>
          <ticker value="BANK"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1036907.6</valUSD>
        <pctVal>0.5162434740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.586000000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BBCMS MORTGAGE TRUST 2024-5C27 BBCMS 2024 5C27 B</name>
        <lei>N/A</lei>
        <title>BBCMS MORTGAGE TRUST 2024-5C27 BBCMS 2024 5C27 B</title>
        <cusip>05555FAF1</cusip>
        <identifiers>
          <isin value="US05555FAF18"/>
          <ticker value="BBCMS"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205964.22</valUSD>
        <pctVal>0.1025430660</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FLEXENTIAL ISSUER LLC FLX 2025 2A A2 144A</name>
        <lei>N/A</lei>
        <title>FLEXENTIAL ISSUER LLC FLX 2025 2A A2 144A</title>
        <cusip>33938MAM1</cusip>
        <identifiers>
          <isin value="US33938MAM10"/>
          <ticker value="FLX"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>495494.8</valUSD>
        <pctVal>0.2466911776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.460000000000</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>Freddie Mac Mscr Trust Mn14</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MSCR TRUST MN14 MSCR 2026 MN14 M2 144A</title>
        <cusip>35562HAB4</cusip>
        <identifiers>
          <isin value="US35562HAB42"/>
          <ticker value="MSCR"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400570.64</valUSD>
        <pctVal>0.1994314429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.290340000000</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>BBCMS MORTGAGE TRUST 2024-5C29 BBCMS 2024 5C29 B</name>
        <lei>N/A</lei>
        <title>BBCMS MORTGAGE TRUST 2024-5C29 BBCMS 2024 5C29 B</title>
        <cusip>05555PAG7</cusip>
        <identifiers>
          <isin value="US05555PAG72"/>
          <ticker value="BBCMS"/>
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        <balance>845000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>849038.76</valUSD>
        <pctVal>0.4227095250</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.858000000000</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>BOS TRUST 2026-LYRK BOSTN 2026 LYRK D 144A</name>
        <lei>N/A</lei>
        <title>BOS TRUST 2026-LYRK BOSTN 2026 LYRK D 144A</title>
        <cusip>05595BAG0</cusip>
        <identifiers>
          <isin value="US05595BAG05"/>
          <ticker value="BOSTN"/>
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        <balance>420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>412642.52</valUSD>
        <pctVal>0.2054416498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.393698000000</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>BX TRUST 2019-OC11 BX 2019 OC11 D 144A</name>
        <lei>N/A</lei>
        <title>BX TRUST 2019-OC11 BX 2019 OC11 D 144A</title>
        <cusip>05606FAL7</cusip>
        <identifiers>
          <isin value="US05606FAL76"/>
          <ticker value="BX"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>472529.15</valUSD>
        <pctVal>0.2352573074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.075457000000</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>BANK 2024-BNK47 BANK 2024 BNK47 A5</name>
        <lei>N/A</lei>
        <title>BANK 2024-BNK47 BANK 2024 BNK47 A5</title>
        <cusip>06540GAV0</cusip>
        <identifiers>
          <isin value="US06540GAV05"/>
          <ticker value="BANK"/>
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        <balance>843000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>877804.35</valUSD>
        <pctVal>0.4370310018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.716000000000</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>BBCMS MORTGAGE TRUST 2025-C32 BBCMS 2025 C32 A5</name>
        <lei>N/A</lei>
        <title>BBCMS MORTGAGE TRUST 2025-C32 BBCMS 2025 C32 A5</title>
        <cusip>07337AAD8</cusip>
        <identifiers>
          <isin value="US07337AAD81"/>
          <ticker value="BBCMS"/>
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        <balance>1047000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1092609.31</valUSD>
        <pctVal>0.5439755924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.720000000000</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>BRAVO RESIDENTIAL FUNDING TRUS BRAVO 2021 NQM1 M1 144A</name>
        <lei>N/A</lei>
        <title>BRAVO RESIDENTIAL FUNDING TRUS BRAVO 2021 NQM1 M1 144A</title>
        <cusip>10569TAD0</cusip>
        <identifiers>
          <isin value="US10569TAD00"/>
          <ticker value="BRAVO"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>88999.75</valUSD>
        <pctVal>0.0443101585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.316000000000</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>BRCK TRUST 2025-830B BRCK 2025 830B B 144A</name>
        <lei>N/A</lei>
        <title>BRCK TRUST 2025-830B BRCK 2025 830B B 144A</title>
        <cusip>10635AAE9</cusip>
        <identifiers>
          <isin value="US10635AAE91"/>
          <ticker value="BRCK"/>
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        <balance>773000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>766319.66</valUSD>
        <pctVal>0.3815263033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.357265000000</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>BUSINESS JET SECURITIES 2024-2 BJETS 2024 2A A 144A</name>
        <lei>N/A</lei>
        <title>BUSINESS JET SECURITIES 2024-2 BJETS 2024 2A A 144A</title>
        <cusip>12326TAA6</cusip>
        <identifiers>
          <isin value="US12326TAA60"/>
          <ticker value="BJETS"/>
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        <balance>146772.34</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>146813.51</valUSD>
        <pctVal>0.0730937997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.364000000000</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>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE POOL FN 03/52 FIXED VAR</title>
        <cusip>3140XKW89</cusip>
        <identifiers>
          <isin value="US3140XKW894"/>
          <ticker value="FN"/>
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        <balance>1002939.71</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>815013.68</valUSD>
        <pctVal>0.4057695146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</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>GINNIE MAE II POOL G2 03/53 FIXED 2.5</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GINNIE MAE II POOL G2 03/53 FIXED 2.5</title>
        <cusip>36179XVM5</cusip>
        <identifiers>
          <isin value="US36179XVM54"/>
          <ticker value="G2"/>
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        <balance>403053.94</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>345093.98</valUSD>
        <pctVal>0.1718113698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</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>Freddie Mac Mscr Trust Mn12</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MSCR TRUST MN12 MSCR 2025 MN12 M2 144A</title>
        <cusip>355913AB0</cusip>
        <identifiers>
          <isin value="US355913AB01"/>
          <ticker value="MSCR"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400453.72</valUSD>
        <pctVal>0.1993732321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.377760000000</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>Freddie Mac Mscr Trust Mn12</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MSCR TRUST MN12 MSCR 2025 MN12 B1 144A</title>
        <cusip>355913AC8</cusip>
        <identifiers>
          <isin value="US355913AC83"/>
          <ticker value="MSCR"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75865.75</valUSD>
        <pctVal>0.0377711556</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.127760000000</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>
      <invstOrSec>
        <name>Freddie Mac Mscr Trust Mn13</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MSCR TRUST MN13 MSCR 2026 MN13 M2 144A</title>
        <cusip>355921AB3</cusip>
        <identifiers>
          <isin value="US355921AB35"/>
          <ticker value="MSCR"/>
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        <balance>1035000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1044745.56</valUSD>
        <pctVal>0.5201457462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.577760000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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        <name>VERDANT RECEIVABLES 2025-1 LLC VERD 2025 1A D 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust 2024-7</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>VISIO 2020-1 TRUST VISIO 2020 1 A3 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VTR COMMERCIAL MORTGAGE TRUST VTR 2025 STEM D 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GINNIE MAE II POOL G2 10/51 FIXED 3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GINNIE MAE II POOL G2 05/53 FIXED 3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WHARF COMMERCIAL MORTGAGE TRUS WHARF 2025 DC D 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WELLS FARGO COMMERCIAL MORTGAG WFCM 2024 C63 A5</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Willis Engine Structured Trust V</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WILLIS ENGINE STRUCTURED TRUST WESTF 2025 B A 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GCAT 2024-NQM2 TRUST GCAT 2024 NQM2 M1 144A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CLI Funding VIII LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CANON MUSIC ISSUER TRUST CANON 2026 1A A 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE A GNR 2017 159 IO</title>
        <cusip>38380JAH1</cusip>
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          <isin value="US38380JAH14"/>
          <ticker value="GNR"/>
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        <curCd>USD</curCd>
        <valUSD>63909.34</valUSD>
        <pctVal>0.0318184375</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-06-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.413110000000</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>Hotwire Funding LLC</name>
        <lei>N/A</lei>
        <title>HOTWIRE FUNDING LLC HWIRE 2024 1A B 144A</title>
        <cusip>44148JAK5</cusip>
        <identifiers>
          <isin value="US44148JAK51"/>
          <ticker value="HWIRE"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253174.7</valUSD>
        <pctVal>0.1260476697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.672000000000</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>COLT 2024-5 MORTGAGE LOAN TRUS COLT 2024 5 M1 144A</name>
        <lei>N/A</lei>
        <title>COLT 2024-5 MORTGAGE LOAN TRUS COLT 2024 5 M1 144A</title>
        <cusip>19685AAD1</cusip>
        <identifiers>
          <isin value="US19685AAD19"/>
          <ticker value="COLT"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199248.36</valUSD>
        <pctVal>0.0991994519</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.655000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLT 2021-4 MORTGAGE LOAN TRUS COLT 2021 4 B1 144A</name>
        <lei>N/A</lei>
        <title>COLT 2021-4 MORTGAGE LOAN TRUS COLT 2021 4 B1 144A</title>
        <cusip>19688GAE3</cusip>
        <identifiers>
          <isin value="US19688GAE35"/>
          <ticker value="COLT"/>
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        <balance>700000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>560333.69</valUSD>
        <pctVal>0.2789724087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.764000000000</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>IRV TRUST 2025-200P IRV 2025 200P B 144A</name>
        <lei>N/A</lei>
        <title>IRV TRUST 2025-200P IRV 2025 200P B 144A</title>
        <cusip>45006HAC5</cusip>
        <identifiers>
          <isin value="US45006HAC51"/>
          <ticker value="IRV"/>
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        <balance>550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>549005.49</valUSD>
        <pctVal>0.2733324565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.621261000000</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>JERSEY MIKE'S FUNDING JMIKE 2025 1A A2 144A</name>
        <lei>N/A</lei>
        <title>JERSEY MIKE'S FUNDING JMIKE 2025 1A A2 144A</title>
        <cusip>476681AE1</cusip>
        <identifiers>
          <isin value="US476681AE10"/>
          <ticker value="JMIKE"/>
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        <balance>794000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>801467.01</valUSD>
        <pctVal>0.3990250564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.610000000000</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>GCAT 2023-INV1 TRUST GCAT 2023 INV1 A1 144A</name>
        <lei>N/A</lei>
        <title>GCAT 2023-INV1 TRUST GCAT 2023 INV1 A1 144A</title>
        <cusip>36830QAA0</cusip>
        <identifiers>
          <isin value="US36830QAA04"/>
          <ticker value="GCAT"/>
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        <balance>589847.52</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>599201.91</valUSD>
        <pctVal>0.2983236652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jimmy John's Funding LLC</name>
        <lei>N/A</lei>
        <title>JIMMY JOHNS FUNDING LLC JIMMY 2026 1A A2 144A</title>
        <cusip>47760QAJ2</cusip>
        <identifiers>
          <isin value="US47760QAJ22"/>
          <ticker value="JIMMY"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>401442.68</valUSD>
        <pctVal>0.1998656040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.685000000000</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>Kinetic ABS Issuer LLC</name>
        <lei>N/A</lei>
        <title>KINETIC ABS ISSUER LLC UNITK 2026 1A B 144A</title>
        <cusip>49459AAC4</cusip>
        <identifiers>
          <isin value="US49459AAC45"/>
          <ticker value="UNITK"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>983670.4</valUSD>
        <pctVal>0.4897383572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.561000000000</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>COLT 2021-HX1 MORTGAGE LOAN TR COLT 2021 HX1 B1 144A</name>
        <lei>N/A</lei>
        <title>COLT 2021-HX1 MORTGAGE LOAN TR COLT 2021 HX1 B1 144A</title>
        <cusip>19688KAE4</cusip>
        <identifiers>
          <isin value="US19688KAE47"/>
          <ticker value="COLT"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76911.56</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.110000000000</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>COLT 2025-1 MORTGAGE LOAN TRUS COLT 2025 1 A3 144A</name>
        <lei>N/A</lei>
        <title>COLT 2025-1 MORTGAGE LOAN TRUS COLT 2025 1 A3 144A</title>
        <cusip>196920AE2</cusip>
        <identifiers>
          <isin value="US196920AE23"/>
          <ticker value="COLT"/>
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        <balance>279141.16</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>280315.23</valUSD>
        <pctVal>0.1395600805</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.084000000000</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>CONCORD MUSIC ROYALTIES LLC TUNES 2025 2A A 144A</name>
        <lei>N/A</lei>
        <title>CONCORD MUSIC ROYALTIES LLC TUNES 2025 2A A 144A</title>
        <cusip>20633KAL2</cusip>
        <identifiers>
          <isin value="US20633KAL26"/>
          <ticker value="TUNES"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>252249.18</valUSD>
        <pctVal>0.1255868826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2075-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.785000000000</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>CONNECTICUT AVENUE SECURITIES CAS 2023 R06 1B1 144A</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES CAS 2023 R06 1B1 144A</title>
        <cusip>20754EAF2</cusip>
        <identifiers>
          <isin value="US20754EAF25"/>
          <ticker value="CAS"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>417987.88</valUSD>
        <pctVal>0.2081029354</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.527760000000</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>FANNIE MAE   CAS CAS 2025 R06 1B1</name>
        <lei>N/A</lei>
        <title>FANNIE MAE   CAS CAS 2025 R06 1B1</title>
        <cusip>20754YCL3</cusip>
        <identifiers>
          <isin value="US20754YCL39"/>
          <ticker value="CAS"/>
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        <balance>270000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>271743.63</valUSD>
        <pctVal>0.1352925522</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.477760000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CROSS 2024-H5 MORTGAGE TRUST CROSS 2024 H5 A3 144A</name>
        <lei>N/A</lei>
        <title>CROSS 2024-H5 MORTGAGE TRUST CROSS 2024 H5 A3 144A</title>
        <cusip>22757HAC5</cusip>
        <identifiers>
          <isin value="US22757HAC51"/>
          <ticker value="CROSS"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>112551.84</valUSD>
        <pctVal>0.0560359987</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-08-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.158000000000</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>CROSS 2026-NQM1 MORTGAGE TRUST CROSS 2026 NQM1 A2 144A</name>
        <lei>N/A</lei>
        <title>CROSS 2026-NQM1 MORTGAGE TRUST CROSS 2026 NQM1 A2 144A</title>
        <cusip>22758EAF4</cusip>
        <identifiers>
          <isin value="US22758EAF43"/>
          <ticker value="CROSS"/>
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        <balance>949919.97</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>936014</valUSD>
        <pctVal>0.4660117441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.953000000000</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>CROSS 2026-NQM4 MORTGAGE TRUST CROSS 2026 NQM4 A2 144A</name>
        <lei>N/A</lei>
        <title>CROSS 2026-NQM4 MORTGAGE TRUST CROSS 2026 NQM4 A2 144A</title>
        <cusip>22758FAF1</cusip>
        <identifiers>
          <isin value="US22758FAF18"/>
          <ticker value="CROSS"/>
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        <balance>971917.17</balance>
        <units>PA</units>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
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        <lei>549300M8ZYFG0OCMTT87</lei>
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        <curCd>USD</curCd>
        <valUSD>277708.33</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.925850000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE A GNR 2025 73 IO</title>
        <cusip>38381MJE1</cusip>
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          <isin value="US38381MJE12"/>
          <ticker value="GNR"/>
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        <valUSD>227922.98</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.675220000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE A GNR 2023 197 IO</title>
        <cusip>38384GVP2</cusip>
        <identifiers>
          <isin value="US38384GVP26"/>
          <ticker value="GNR"/>
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        <balance>1605441.85</balance>
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        <curCd>USD</curCd>
        <valUSD>129106.1</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>1.244460000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HILTON GRAND VACATIONS TRUST 2 HGVT 2026 2A D 144A</name>
        <lei>N/A</lei>
        <title>HILTON GRAND VACATIONS TRUST 2 HGVT 2026 2A D 144A</title>
        <cusip>43285MAD9</cusip>
        <identifiers>
          <isin value="US43285MAD92"/>
          <ticker value="HGVT"/>
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        <curCd>USD</curCd>
        <valUSD>486363.45</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOUSTON GALLERIA MALL TRUST 20 HGMT 2025 HGLR A 144A</name>
        <lei>N/A</lei>
        <title>HOUSTON GALLERIA MALL TRUST 20 HGMT 2025 HGLR A 144A</title>
        <cusip>44216XAA3</cusip>
        <identifiers>
          <isin value="US44216XAA37"/>
          <ticker value="HGMT"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1209205.22</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.643912000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HUNDRED ACRE WOOD TRUST 2021-I HAWT 2021 INV3 B1 144A</name>
        <lei>N/A</lei>
        <title>HUNDRED ACRE WOOD TRUST 2021-I HAWT 2021 INV3 B1 144A</title>
        <cusip>44555QBZ1</cusip>
        <identifiers>
          <isin value="US44555QBZ19"/>
          <ticker value="HAWT"/>
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        <balance>708052.93</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>618776.52</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-25</maturityDt>
          <couponKind>Variable</couponKind>
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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>HUDSON YARDS 2025-SPRL MORTGAG HY 2025 SPRL C 144A</name>
        <lei>N/A</lei>
        <title>HUDSON YARDS 2025-SPRL MORTGAG HY 2025 SPRL C 144A</title>
        <cusip>44855PAE8</cusip>
        <identifiers>
          <isin value="US44855PAE88"/>
          <ticker value="HY"/>
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        <balance>550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>561018.92</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IMPERIAL FUND MORTGAGE TRUST 2 IMPRL 2022 NQM5 A3 144A</name>
        <lei>N/A</lei>
        <title>IMPERIAL FUND MORTGAGE TRUST 2 IMPRL 2022 NQM5 A3 144A</title>
        <cusip>45276QAC8</cusip>
        <identifiers>
          <isin value="US45276QAC87"/>
          <ticker value="IMPRL"/>
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        <balance>58638.43</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58428.76</valUSD>
        <pctVal>0.0290898302</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust 2019-Inv1</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST 2019- JPMMT 2019 INV1 B3 144A</title>
        <cusip>46591DAZ2</cusip>
        <identifiers>
          <isin value="US46591DAZ24"/>
          <ticker value="JPMMT"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust 2019-Inv1</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST 2019- JPMMT 2019 INV1 B5 144A</title>
        <cusip>46591DBB4</cusip>
        <identifiers>
          <isin value="US46591DBB47"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust 2019-INV3</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST 2019- JPMMT 2019 INV3 A15 144A</title>
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          <isin value="US46591LBH33"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust 2019-INV3</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST 2019- JPMMT 2019 INV3 B3 144A</title>
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          <isin value="US46591LBW00"/>
          <ticker value="JPMMT"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2021- JPMMT 2021 12 A12 144A</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST 2021- JPMMT 2021 12 A12 144A</title>
        <cusip>46592WBL9</cusip>
        <identifiers>
          <isin value="US46592WBL90"/>
          <ticker value="JPMMT"/>
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        <valUSD>206144.59</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>JG WENTWORTH XXXV LLC HENDR 2015 2A A 144A</name>
        <lei>N/A</lei>
        <title>JG WENTWORTH XXXV LLC HENDR 2015 2A A 144A</title>
        <cusip>46619RAA4</cusip>
        <identifiers>
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          <ticker value="HENDR"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust 2019-INV2</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST 2019- JPMMT 2019 INV2 B4 144A</title>
        <cusip>46651DBH8</cusip>
        <identifiers>
          <isin value="US46651DBH89"/>
          <ticker value="JPMMT"/>
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        <balance>336239.1</balance>
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        <curCd>USD</curCd>
        <valUSD>320069.9</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.709477000000</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>JP MORGAN MORTGAGE TRUST 2021- JPMMT 2021 6 A12 144A</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST 2021- JPMMT 2021 6 A12 144A</title>
        <cusip>46653PBJ5</cusip>
        <identifiers>
          <isin value="US46653PBJ57"/>
          <ticker value="JPMMT"/>
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        <balance>300563.87</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>291130.67</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. MORGAN MORTGAGE TRUST 202 JPMMT 2021 14 A12 144A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. MORGAN MORTGAGE TRUST 202 JPMMT 2023 4 2A6 144A</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Jersey Mike's Funding LLC</name>
        <lei>N/A</lei>
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          <isin value="US476681AG67"/>
          <ticker value="JMIKE"/>
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        <curCd>USD</curCd>
        <valUSD>763848.14</valUSD>
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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>
          <annualizedRt>5.481000000000</annualizedRt>
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      <invstOrSec>
        <name>LMRK Issuer Co. 2 LLC</name>
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          <isin value="US50209AAH41"/>
          <ticker value="LMRK"/>
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        <curCd>USD</curCd>
        <valUSD>797601.16</valUSD>
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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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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>MFA 2020-NQM3 TRUST MFRA 2020 NQM3 M1 144A</name>
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        <title>MFA 2020-NQM3 TRUST MFRA 2020 NQM3 M1 144A</title>
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          <isin value="US552757AD83"/>
          <ticker value="MFRA"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>MVW 2023-2 LLC MVWOT 2023 2A C 144A</name>
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        <identifiers>
          <isin value="US55400WAC38"/>
          <ticker value="MVWOT"/>
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        <balance>38344.27</balance>
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        <curCd>USD</curCd>
        <valUSD>39193.22</valUSD>
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        <assetCat>ABS-O</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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      <invstOrSec>
        <name>MANHATTAN WEST 2026-2MW MORTGA MNW 2026 2MW B 144A</name>
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        <title>MANHATTAN WEST 2026-2MW MORTGA MNW 2026 2MW B 144A</title>
        <cusip>563126AC5</cusip>
        <identifiers>
          <isin value="US563126AC51"/>
          <ticker value="MNW"/>
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        <curCd>USD</curCd>
        <valUSD>1307220.98</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.718332000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Metronet Infrastructure Issuer LLC</name>
        <lei>N/A</lei>
        <title>METRONET INFRASTRUCTURE ISSUER MNET 2025 2A B 144A</title>
        <cusip>59170JAZ1</cusip>
        <identifiers>
          <isin value="US59170JAZ12"/>
          <ticker value="MNET"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249033.08</valUSD>
        <pctVal>0.1239856882</pctVal>
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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>5.590000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Metronet Infrastructure Issuer LLC</name>
        <lei>N/A</lei>
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        <cusip>59170JBB3</cusip>
        <identifiers>
          <isin value="US59170JBB35"/>
          <ticker value="MNET"/>
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        <balance>260000</balance>
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        <curCd>USD</curCd>
        <valUSD>265112.2</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>7.830000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Metronet Infrastructure Issuer LLC</name>
        <lei>N/A</lei>
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        <cusip>59170JBH0</cusip>
        <identifiers>
          <isin value="US59170JBH05"/>
          <ticker value="MNET"/>
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        <curCd>USD</curCd>
        <valUSD>402443.68</valUSD>
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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>NATIONAL COMMERCIAL MORTGAGE T NATL 2026 IND C 144A</name>
        <lei>N/A</lei>
        <title>NATIONAL COMMERCIAL MORTGAGE T NATL 2026 IND C 144A</title>
        <cusip>62881KAE9</cusip>
        <identifiers>
          <isin value="US62881KAE91"/>
          <ticker value="NATL"/>
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        <curCd>USD</curCd>
        <valUSD>500780</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>NY COMMERCIAL MORTGAGE TRUST 2 NY 2025 299P A 144A</name>
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          <isin value="US62957FAA75"/>
          <ticker value="NY"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>NEIGHBORLY ISSUER 2022-1 NBLY 2022 1A A2 144A</name>
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        <title>NEIGHBORLY ISSUER 2022-1 NBLY 2022 1A A2 144A</title>
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          <isin value="US64016NAC11"/>
          <ticker value="NBLY"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust 2024-NQM3</name>
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        <title>NEW RESIDENTIAL MORTGAGE LOAN NRZT 2024 NQM3 A2 144A</title>
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        <identifiers>
          <isin value="US647910AD02"/>
          <ticker value="NRZT"/>
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        <curCd>USD</curCd>
        <valUSD>463443.69</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>New Residential Mortgage Loan Trust 2026-NQM5</name>
        <lei>N/A</lei>
        <title>NEW RESIDENTIAL MORTGAGE LOAN NRZT 2026 NQM5 B1 144A</title>
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          <isin value="US647913AJ11"/>
          <ticker value="NRZT"/>
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        <valUSD>495850.6</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust 2026-NQM3</name>
        <lei>N/A</lei>
        <title>NEW RESIDENTIAL MORTGAGE LOAN 02/66 1</title>
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        <identifiers>
          <isin value="US64832PAG90"/>
          <ticker value="NRZT"/>
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        <curCd>USD</curCd>
        <valUSD>714980.84</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.189000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NYMT Loan Trust 2025-CP1</name>
        <lei>N/A</lei>
        <title>NYMT LOAN TRUST 2025-CP1 NYMT 2025 CP1 A1 144A</title>
        <cusip>67121VAA2</cusip>
        <identifiers>
          <isin value="US67121VAA26"/>
          <ticker value="NYMT"/>
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        <balance>437191.24</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>419967.74</valUSD>
        <pctVal>0.2090886450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.750000000000</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>Obx 2025-Nqm23 Trust</name>
        <lei>N/A</lei>
        <title>OBX 2025-NQM23 TRUST OBX 2025 NQM23 M1 144A</title>
        <cusip>67123BAL0</cusip>
        <identifiers>
          <isin value="US67123BAL09"/>
          <ticker value="OBX"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>491523.75</valUSD>
        <pctVal>0.2447141175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.670000000000</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>OBX 2024-NQM12 Trust</name>
        <lei>N/A</lei>
        <title>OBX 2024-NQM12 TRUST OBX 2024 NQM12 A2 144A</title>
        <cusip>67448PAB9</cusip>
        <identifiers>
          <isin value="US67448PAB94"/>
          <ticker value="OBX"/>
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        <balance>135093.3</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>135111.94</valUSD>
        <pctVal>0.0672679584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.779000000000</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>OBX 2020-EXP2 Trust</name>
        <lei>N/A</lei>
        <title>OBX 2020-EXP2 TRUST OBX 2020 EXP2 A8 144A</title>
        <cusip>67448VAF7</cusip>
        <identifiers>
          <isin value="US67448VAF76"/>
          <ticker value="OBX"/>
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        <balance>59258.71</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51227.5</valUSD>
        <pctVal>0.0255045508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.000000000000</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>OBX 2023-NQM10 Trust</name>
        <lei>N/A</lei>
        <title>OBX 2023-NQM10 TRUST OBX 2023 NQM10 A3 144A</title>
        <cusip>67449CAC5</cusip>
        <identifiers>
          <isin value="US67449CAC55"/>
          <ticker value="OBX"/>
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        <balance>202570.02</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>203153.56</valUSD>
        <pctVal>0.1011437273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.173000000000</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>OBX 2026-INV3 TRUST OBX 2026 INV3 A2 144A</name>
        <lei>N/A</lei>
        <title>OBX 2026-INV3 TRUST OBX 2026 INV3 A2 144A</title>
        <cusip>67449NAB3</cusip>
        <identifiers>
          <isin value="US67449NAB38"/>
          <ticker value="OBX"/>
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        <balance>980494.31</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>981360.09</valUSD>
        <pctVal>0.4885881270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000</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>OXFORD FINANCE CREDIT FUND III OXFINF 2025 A A2 144A</name>
        <lei>N/A</lei>
        <title>OXFORD FINANCE CREDIT FUND III OXFINF 2025 A A2 144A</title>
        <cusip>69145VAA0</cusip>
        <identifiers>
          <isin value="US69145VAA08"/>
          <ticker value="OXFINF"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250243.25</valUSD>
        <pctVal>0.1245881935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.878000000000</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>PGandE Wildfire Recovery Funding LLC</name>
        <lei>N/A</lei>
        <title>PGandE WILDFIRE RECOVERY FUNDING SR SECURED 06/43 5.081</title>
        <cusip>693342AH0</cusip>
        <identifiers>
          <isin value="US693342AH00"/>
          <ticker value="PCG"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>971187.42</valUSD>
        <pctVal>0.4835234766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.081000000000</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>PMT LOAN TRUST 2025-INV6 PMTLT 2025 INV6 A29 144A</name>
        <lei>N/A</lei>
        <title>PMT LOAN TRUST 2025-INV6 PMTLT 2025 INV6 A29 144A</title>
        <cusip>69382MBE3</cusip>
        <identifiers>
          <isin value="US69382MBE30"/>
          <ticker value="PMTLT"/>
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        <balance>258407.06</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>260877.17</valUSD>
        <pctVal>0.1298824857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000</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>
      <invstOrSec>
        <name>PENN COMMERCIAL MORTGAGE TRUST P11 2025 P11 B 144A</name>
        <lei>N/A</lei>
        <title>PENN COMMERCIAL MORTGAGE TRUST P11 2025 P11 B 144A</title>
        <cusip>69382VAC8</cusip>
        <identifiers>
          <isin value="US69382VAC81"/>
          <ticker value="P11"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1020701.6</valUSD>
        <pctVal>0.5081750196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.124567000000</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>PRKCM 2026-AFC2 TRUST PRKCM 2026 AFC2 A1 144A</name>
        <lei>N/A</lei>
        <title>PRKCM 2026-AFC2 TRUST PRKCM 2026 AFC2 A1 144A</title>
        <cusip>69383YAE7</cusip>
        <identifiers>
          <isin value="US69383YAE77"/>
          <ticker value="PRKCM"/>
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        <balance>738575.49</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>736214.63</valUSD>
        <pctVal>0.3665379618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.368000000000</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>PMT LOAN TRUST 2025-INV11 PMTLT 2025 INV11 A29 144A</name>
        <lei>N/A</lei>
        <title>PMT LOAN TRUST 2025-INV11 PMTLT 2025 INV11 A29 144A</title>
        <cusip>729916BE5</cusip>
        <identifiers>
          <isin value="US729916BE59"/>
          <ticker value="PMTLT"/>
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        <balance>436074.44</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>433297.95</valUSD>
        <pctVal>0.2157253346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000</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>
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      </invstOrSec>
      <invstOrSec>
        <name>PMT LOAN TRUST 2025-INV8 PMTLT 2025 INV8 A28 144A</name>
        <lei>N/A</lei>
        <title>PMT LOAN TRUST 2025-INV8 PMTLT 2025 INV8 A28 144A</title>
        <cusip>73015EBD0</cusip>
        <identifiers>
          <isin value="US73015EBD04"/>
          <ticker value="PMTLT"/>
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        <balance>324283.63</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>327642.88</valUSD>
        <pctVal>0.1631230195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000</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>
      <invstOrSec>
        <name>PROGRESS RESIDENTIAL 2025-SFR3 PROG 2025 SFR3 D 144A</name>
        <lei>N/A</lei>
        <title>PROGRESS RESIDENTIAL 2025-SFR3 PROG 2025 SFR3 D 144A</title>
        <cusip>74334BAG2</cusip>
        <identifiers>
          <isin value="US74334BAG23"/>
          <ticker value="PROG"/>
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        <balance>600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>545810.04</valUSD>
        <pctVal>0.2717415430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.390000000000</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>PROGRESS RESIDENTIAL 2025-SFR2 PROG 2025 SFR2 D 144A</name>
        <lei>N/A</lei>
        <title>PROGRESS RESIDENTIAL 2025-SFR2 PROG 2025 SFR2 D 144A</title>
        <cusip>74334GAG1</cusip>
        <identifiers>
          <isin value="US74334GAG10"/>
          <ticker value="PROG"/>
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        <balance>496889.15</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>459656.3</valUSD>
        <pctVal>0.2288483228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.555000000000</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>PROGRESS RESIDENTIAL 2026-SFR1 PROG 2026 SFR1 D 144A</name>
        <lei>N/A</lei>
        <title>PROGRESS RESIDENTIAL 2026-SFR1 PROG 2026 SFR1 D 144A</title>
        <cusip>74334HAG9</cusip>
        <identifiers>
          <isin value="US74334HAG92"/>
          <ticker value="PROG"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>369734.92</valUSD>
        <pctVal>0.1840793139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-17</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>
      <invstOrSec>
        <name>PROGRESS RESIDENTIAL 2025-SFR5 PROG 2025 SFR5 D 144A</name>
        <lei>N/A</lei>
        <title>PROGRESS RESIDENTIAL 2025-SFR5 PROG 2025 SFR5 D 144A</title>
        <cusip>74334RAG7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ROCK TRUST 2024-CNTR ROCC 2024 CNTR D 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RATE MORTGAGE TRUST 2024-J3 RATE 2024 J3 B3 144A</name>
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          <isin value="US75409UCJ97"/>
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        <fairValLevel>2</fairValLevel>
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        <name>READY CAPITAL MORTGAGE TRUST 2 RCMT 2019 5 E 144A</name>
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          <isin value="US75575MAN83"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RESIDENTIAL MORTGAGE LOAN TRUS RMLT 2019 3 B2 144A</name>
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          <isin value="US76119NAF42"/>
          <ticker value="RMLT"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Retained Vantage Data Centers Issuer LLC</name>
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          <ticker value="VDCR"/>
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        <fairValLevel>2</fairValLevel>
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        <name>RIDE 2025-SHRE RIDE 2025 SHRE E 144A</name>
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      <invstOrSec>
        <name>Sesac Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SEB FUNDING LLC SEB4P 2024 1A A2 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SLG OFFICE TRUST 2026-OMA SLG 2026 OMA E 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SEQUOIA MORTGAGE TRUST 2025-3 SEMT 2025 3 A20 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SEQUOIA MORTGAGE TRUST 2025-1 SEMT 2025 1 A1 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SEQUOIA MORTGAGE TRUST 2025-S2 SEMT 2025 S2 A2 144A</name>
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        <title>SEQUOIA MORTGAGE TRUST 2025-S2 SEMT 2025 S2 A2 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SEQUOIA MORTGAGE TRUST 2024-1 SEMT 2024 1 B2 144A</name>
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        <title>SEQUOIA MORTGAGE TRUST 2024-1 SEMT 2024 1 B2 144A</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SEQUOIA MORTGAGE TRUST 2025-4 SEMT 2025 4 A19 144A</name>
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        <title>SEQUOIA MORTGAGE TRUST 2025-4 SEMT 2025 4 A19 144A</title>
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          <isin value="US81749MAU18"/>
          <ticker value="SEMT"/>
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        <curCd>USD</curCd>
        <valUSD>263846.99</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SEQUOIA MORTGAGE TRUST 2025-S1 SEMT 2025 S1 A1 144A</name>
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        <title>SEQUOIA MORTGAGE TRUST 2025-S1 SEMT 2025 S1 A1 144A</title>
        <cusip>81749TAA0</cusip>
        <identifiers>
          <isin value="US81749TAA07"/>
          <ticker value="SEMT"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>SEQUOIA MORTGAGE TRUST 2025-12 SEMT 2025 12 A2 144A</name>
        <lei>N/A</lei>
        <title>SEQUOIA MORTGAGE TRUST 2025-12 SEMT 2025 12 A2 144A</title>
        <cusip>81749XAB9</cusip>
        <identifiers>
          <isin value="US81749XAB91"/>
          <ticker value="SEMT"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEQUOIA MORTGAGE TRUST 2026-1 SEMT 2026 1 A2 144A</name>
        <lei>N/A</lei>
        <title>SEQUOIA MORTGAGE TRUST 2026-1 SEMT 2026 1 A2 144A</title>
        <cusip>81750KAB3</cusip>
        <identifiers>
          <isin value="US81750KAB35"/>
          <ticker value="SEMT"/>
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        <balance>693600.93</balance>
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        <curCd>USD</curCd>
        <valUSD>662876.49</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.500000000000</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>
        <name>ServiceMaster Funding LLC</name>
        <lei>N/A</lei>
        <title>SERVICEMASTER FUNDING LLC SERV 2021 1 A2II 144A</title>
        <cusip>81761TAG0</cusip>
        <identifiers>
          <isin value="US81761TAG04"/>
          <ticker value="SERV"/>
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        <balance>473245.09</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>407846.36</valUSD>
        <pctVal>0.2030537936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.113000000000</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>
        <name>SERVPRO Master Issuer LLC</name>
        <lei>N/A</lei>
        <title>SERVPRO MASTER ISSUER LLC SPRO 2024 1A A2 144A</title>
        <cusip>817743AJ6</cusip>
        <identifiers>
          <isin value="US817743AJ65"/>
          <ticker value="SPRO"/>
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        <balance>195500</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199697.42</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>2054-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.174000000000</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>SIERRA TIMESHARE 2025-3 RECEIV SRFC 2025 3A C 144A</name>
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        <title>SIERRA TIMESHARE 2025-3 RECEIV SRFC 2025 3A C 144A</title>
        <cusip>82650FAC1</cusip>
        <identifiers>
          <isin value="US82650FAC14"/>
          <ticker value="SRFC"/>
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        <balance>139038</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>136913.18</valUSD>
        <pctVal>0.0681647388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.980000000000</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>Sierra Timeshare 2025-1 Receivables Funding LLC</name>
        <lei>N/A</lei>
        <title>SIERRA TIMESHARE 2025-1 RECEIV SRFC 2025 1A D 144A</title>
        <cusip>82653CAD3</cusip>
        <identifiers>
          <isin value="US82653CAD39"/>
          <ticker value="SRFC"/>
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        <balance>235231.7</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>234685.37</valUSD>
        <pctVal>0.1168424175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.860000000000</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>Sonic Capital LLC</name>
        <lei>N/A</lei>
        <title>SONIC CAPITAL LLC SONIC 2021 1A A2II 144A</title>
        <cusip>83546DAQ1</cusip>
        <identifiers>
          <isin value="US83546DAQ16"/>
          <ticker value="SONIC"/>
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        <balance>1357312.54</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1156871.27</valUSD>
        <pctVal>0.5759695883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.636000000000</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>
        <name>STORE MASTER FUNDING I-VII AND STR 2019 1 A2 144A</name>
        <lei>N/A</lei>
        <title>STORE MASTER FUNDING I-VII AND STR 2019 1 A2 144A</title>
        <cusip>86212XAB6</cusip>
        <identifiers>
          <isin value="US86212XAB64"/>
          <ticker value="STR"/>
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        <balance>548447.72</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>471670.69</valUSD>
        <pctVal>0.2348299073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.650000000000</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>STORE MASTER FUNDING I-VII AND STR 2019 1 A4 144A</name>
        <lei>N/A</lei>
        <title>STORE MASTER FUNDING I-VII AND STR 2019 1 A4 144A</title>
        <cusip>86212XAD2</cusip>
        <identifiers>
          <isin value="US86212XAD21"/>
          <ticker value="STR"/>
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        <balance>116049.98</balance>
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        <curCd>USD</curCd>
        <valUSD>104399.05</valUSD>
        <pctVal>0.0519769826</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.490000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TVC MORTGAGE TRUST 2026-RRTL1 TVC 2026 RRTL1 A1 144A</name>
        <lei>N/A</lei>
        <title>TVC MORTGAGE TRUST 2026-RRTL1 TVC 2026 RRTL1 A1 144A</title>
        <cusip>87306XAA3</cusip>
        <identifiers>
          <isin value="US87306XAA37"/>
          <ticker value="TVC"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>494221.2</valUSD>
        <pctVal>0.2460570925</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.964000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>321 Henderson Receivables V LLC</name>
        <lei>N/A</lei>
        <title>321 HENDERSON RECEIVABLES V LL HENDR 2008 3A A1 144A</title>
        <cusip>88576VAA8</cusip>
        <identifiers>
          <isin value="US88576VAA89"/>
          <ticker value="HENDR"/>
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        <balance>479719.49</balance>
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        <curCd>USD</curCd>
        <valUSD>523886.5</valUSD>
        <pctVal>0.2608265064</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust 2019-1</name>
        <lei>N/A</lei>
        <title>TOWD POINT MORTGAGE TRUST 2019 TPMT 2019 1 M2 144A</title>
        <cusip>89177BAD7</cusip>
        <identifiers>
          <isin value="US89177BAD73"/>
          <ticker value="TPMT"/>
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        <balance>2264000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1906270.11</valUSD>
        <pctVal>0.9490715509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.750000000000</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>TOWD POINT MORTGAGE TRUST 2019 TPMT 2019 4 B1B 144A</name>
        <lei>N/A</lei>
        <title>TOWD POINT MORTGAGE TRUST 2019 TPMT 2019 4 B1B 144A</title>
        <cusip>89178BBA1</cusip>
        <identifiers>
          <isin value="US89178BBA17"/>
          <ticker value="TPMT"/>
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        <balance>315000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244530.47</valUSD>
        <pctVal>0.1217439812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRICON RESIDENTIAL 2024-SFR4 T TCN 2024 SFR4 C 144A</name>
        <lei>N/A</lei>
        <title>TRICON RESIDENTIAL 2024-SFR4 T TCN 2024 SFR4 C 144A</title>
        <cusip>895975AC4</cusip>
        <identifiers>
          <isin value="US895975AC42"/>
          <ticker value="TCN"/>
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        <balance>350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340633.79</valUSD>
        <pctVal>0.1695907824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.800000000000</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>
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        <fairValLevel>2</fairValLevel>
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        <name>TRICON RESIDENTIAL 2024-SFR3 T TCN 2024 SFR3 C 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRICON RESIDENTIAL 2025-SFR2 T TCN 2025 SFR2 D 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Trinity Rail Leasing 2025 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EFMT 2025-CES1 EFMT 2025 CES1 A2 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ESTN TRUST 2026-TOWN ESTN 2026 TOWN A 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Elara HGV Timeshare Issuer 2021-A LLC</name>
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        <name>ELARA HGV TIMESHARE ISSUER 202 EHGVT 2025 A D 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FS COMMERCIAL MORTGAGE TRUST 2 FS 2023 4SZN B 144A</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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      </invstOrSec>
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        <name>Fannie Mae Pool</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
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        <name>Fannie Mae Pool</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Domino's Pizza Master Issuer LLC</name>
        <lei>N/A</lei>
        <title>DOMINO'S PIZZA MASTER ISSUER L DPABS 2025 1A A2II 144A</title>
        <cusip>25755TAR1</cusip>
        <identifiers>
          <isin value="US25755TAR14"/>
          <ticker value="DPABS"/>
        </identifiers>
        <balance>165000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>164229.32</valUSD>
        <pctVal>0.0817645803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.217000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Driven Brands Funding LLC</name>
        <lei>N/A</lei>
        <title>DRIVEN BRANDS FUNDING LLC HONK 2024 1A A2 144A</title>
        <cusip>26209XAH4</cusip>
        <identifiers>
          <isin value="US26209XAH44"/>
          <ticker value="HONK"/>
        </identifiers>
        <balance>623887.5</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>627244.01</valUSD>
        <pctVal>0.3122849392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.372000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Driven Brands Funding LLC</name>
        <lei>N/A</lei>
        <title>DRIVEN BRANDS FUNDING LLC HONK 2025 1A A2 144A</title>
        <cusip>26209XAK7</cusip>
        <identifiers>
          <isin value="US26209XAK72"/>
          <ticker value="HONK"/>
        </identifiers>
        <balance>597000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>577624.19</valUSD>
        <pctVal>0.2875808013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.296000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Duke Energy Progress NC Storm Funding II LL</name>
        <lei>N/A</lei>
        <title>DUKE ENERGY PROGRESS NC STORM SR SECURED 01/48 4.89</title>
        <cusip>26443NAA7</cusip>
        <identifiers>
          <isin value="US26443NAA72"/>
          <ticker value="DUK"/>
        </identifiers>
        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>488410.98</valUSD>
        <pctVal>0.2431643679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.890000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELLINGTON FINANCIAL MORTGAGE T EFMT 2022 4 A1 144A</name>
        <lei>N/A</lei>
        <title>ELLINGTON FINANCIAL MORTGAGE T EFMT 2022 4 A1 144A</title>
        <cusip>268432AA9</cusip>
        <identifiers>
          <isin value="US268432AA90"/>
          <ticker value="EFMT"/>
        </identifiers>
        <balance>211544.31</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211013.59</valUSD>
        <pctVal>0.1050569875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.900000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deduction of sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-27</ncom:dateSigned>
      <ncom:nameOfApplicant>John Hancock Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/Salvatore Schiavone</ncom:signature>
      <ncom:signerName>Salvatore Schiavone</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
