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      <invstOrSec>
        <name>BALTIMORE GAS &amp; ELECTRIC COMPANY</name>
        <lei>88V8C2WYSOD1SPSSLH72</lei>
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        <curCd>USD</curCd>
        <valUSD>21455.9</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-15</maturityDt>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <valUSD>62822.02</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-01</maturityDt>
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          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC 6.5 05/02/36 **</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SUNOCO LP</name>
        <lei>54930001NJU8E40NQ561</lei>
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        <curCd>USD</curCd>
        <valUSD>100950.8</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>TABCORP FINANCE PTY LTD</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PACIFIC GAS &amp; ELECTRIC COMPANY</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM5771</title>
        <cusip>3140X9MV4</cusip>
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          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>FN CB8339</title>
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          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>VERIZON COMMUNICATIONS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PHILIP MORRIS INTERNATIONAL INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>FN MA3210</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CAPITAL ONE FINANCIAL CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <title>FHR 5112 KI</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0216</title>
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        <fairValLevel>2</fairValLevel>
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        <name>COLT 2025-11 MORTGAGE LOAN TRUST</name>
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        <title>COLT 2025-11 A1</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2025-NQM6</name>
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        <cusip>80265DAA1</cusip>
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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>SAGARD-HALSEYPOINT CLO 8 LTD</name>
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        <name>AGL CORE CLO 38 LTD</name>
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        <name>BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CWABS ASSET-BACKED CERTIFICATES TRUST 2006-14</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EQT CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RLGH FINANCE BERMUDA LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>VMC Finance 2026-FL6 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SOLARIS ENERGY INFRASTRUCTURE LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GS FINANCE CORP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>VOLKSWAGEN BANK GMBH</name>
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        <title>VW 4 11/26/30 EMTN</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CC2735</title>
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        <fairValLevel>2</fairValLevel>
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        <name>MERCURY FINANCIAL CREDITCARD</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY ABS CAPITAL I INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WORLDLINE SA</name>
        <lei>549300CJMQNCA0U4TS33</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS1267</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQUIPMENTSHARE.COM INC</name>
        <lei>254900PWJK48CGPKPI80</lei>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DOMINION ENERGY INC</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <cusip>X7360WCY6</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELI LILLY &amp; COMPANY</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-14</maturityDt>
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      <invstOrSec>
        <name>HCA INC</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 5.45 09/15/34</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ANGEL OAK MORTGAGE TRUST 2024-11</name>
        <lei>2549009VFCBSE99NTJ29</lei>
        <title>AOMT 2024-11 A1</title>
        <cusip>03463QAA4</cusip>
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          <isin value="US03463QAA40"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB5145</title>
        <cusip>3140QQWF8</cusip>
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          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JUPITER MORTGAGE N.1 PLC</name>
        <lei>6354009QIELPOGEAFS09</lei>
        <title>JUPIT 1X DR</title>
        <cusip>G5210VAR0</cusip>
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          <isin value="XS2737622485"/>
          <ticker value="JUPIT"/>
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        <currencyConditional curCd="GBP" exchangeRt=".7419773"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FNA 8 LLC</name>
        <lei>N/A</lei>
        <title>FNH 2025-1 A</title>
        <cusip>30340WAA3</cusip>
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          <isin value="US30340WAA36"/>
          <ticker value="FNH"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VERIZON COMMUNICATIONS INC</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 4.522 09/15/48</title>
        <cusip>92343VCX0</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Burlington Stores</name>
        <lei>N/A</lei>
        <title>Burlington Stores Term Loan B-7 175 2031-09-08</title>
        <cusip>121575AL8</cusip>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>PACIFIC GAS &amp; ELECTRIC COMPANY</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 5.9 10/01/54</title>
        <cusip>694308KT3</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>URUGUAY, REPUBLICA ORIENTAL DEL - MINISTERIO DE ECONOMIA Y FINANZAS</name>
        <lei>549300RDR012H2V82H43</lei>
        <title>URUGUA 5.25 09/10/60</title>
        <cusip>760942BG6</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BRACCAN MORTGAGE FUNDING 2024-1 PLC</name>
        <lei>635400RGKRFPCFMYJF13</lei>
        <title>BRACN 2024-1 X</title>
        <cusip>G12855AB1</cusip>
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          <isin value="XS2887186877"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CHL MORTGAGE PASS-THROUGH TRUST</name>
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        <title>CWHL 2006-17 A6</title>
        <cusip>17025AAF9</cusip>
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          <isin value="US17025AAF93"/>
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        <valUSD>2164.34</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MARRIOTT INTERNATIONAL INC</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>MAR 5.1 05/01/38</title>
        <cusip>571903BZ5</cusip>
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          <isin value="US571903BZ55"/>
          <ticker value="MAR"/>
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        <curCd>USD</curCd>
        <valUSD>140657.57</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>LYRA MUSIC ASSETS (DELAWARE) LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GENERAL MOTORS FINANCIAL COMPANY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COMM 2025-167G MORTGAGE TRUST</name>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>JCP DIRECT LENDING CLO 2023-1 LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2024-IGLG</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DT MIDSTREAM INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DAI-ICHI LIFE INSURANCE CO LTD (THE)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IIFL FINANCE LTD</name>
        <lei>335800CZ46UJRS34JR78</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WISE CLO 2026-1 LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>QTS ISSUER ABS II, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INDYMAC INDX MORTGAGE LOAN TRUST 2006-AR41</name>
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        <title>INDX 2006-AR41 A3</title>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-25</maturityDt>
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      <invstOrSec>
        <name>OWL ROCK CLO VII LLC</name>
        <lei>254900D8EL7HUYR9U819</lei>
        <title>OR 2022-7A AR</title>
        <cusip>69121BAQ7</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>EQUITABLE HOLDINGS INC</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>EQH V6.7 03/28/55</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ENSTAR GROUP LTD</name>
        <lei>213800AMAL5QFXVUCN04</lei>
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          <isin value="US29359UAD19"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BCP VOYAGER MASTER FUND 2009</name>
        <lei>N/A</lei>
        <title>VOOML 2009-1 SAA7</title>
        <cusip>92911BAA8</cusip>
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          <ticker value="VGPMF"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BM1922</title>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MAUSER PACKAGING SOLUTIONS HOLDING COMPANY</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>BWY 9.25 04/15/30 144A</title>
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          <ticker value="BWY"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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        <name>OHIO POWER COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NGPL PIPECO LLC</name>
        <lei>549300K3NT1HSQFEM073</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ANGEL OAK MORTGAGE TRUST 2021-2</name>
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        <title>AOMT 2021-2 A1</title>
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          <isin value="US03465DAA19"/>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC (THE)</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>APA CORP</name>
        <lei>549300VCIWLRHYVSHC79</lei>
        <title>APA 5.1 09/01/40 .</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB1430</title>
        <cusip>3140QLSU1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>FN CB1425</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SUMITOMO MITSUI FINANCIAL GROUP INC</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OPEN TEXT HOLDINGS INC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORTIMER 2025-1 PLC</name>
        <lei>213800PI5SCJ8WPLJX58</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SLAM 2021-1 LLC</name>
        <lei>N/A</lei>
        <title>SLAM 2021-1A A</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN BANKS</name>
        <lei>2549001DPIFGXC1TOL40</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA8592</title>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JP MORGAN CHASE &amp; COMPANY</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>VELOCITY COMMERCIAL CAPITAL LOAN TR</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SANTANDER UK GROUP HOLDINGS PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SURA ASSET MANAGEMENT SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MARINER FINANCE ISSUANCE TRUST 2025-A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VIPER ENERGY PARTNERS LLC</name>
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        <name>TOTALENERGIES CAPITAL USA LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VENTURE GLOBAL PLAQUEMINES LNG LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VERUS SECURITIZATION TRUST 2025-6</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TRAFIGURA FUNDING SA</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>HEIDELBERG MATERIALS FINANCE LUXEMBOURG SA</name>
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        <fairValLevel>3</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHENIERE ENERGY PARTNERS LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3027</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SIRIUS XM RADIO LLC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>SIRI 5 08/01/27 144A</title>
        <cusip>82967NBA5</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQT AB</name>
        <lei>213800U7P9GOIRKCTB34</lei>
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        <curCd>USD</curCd>
        <valUSD>315688.43</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PFP 2025-12 LTD</name>
        <lei>N/A</lei>
        <title>PFP 2025-12 A</title>
        <cusip>69382JAA9</cusip>
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          <isin value="US69382JAA97"/>
          <ticker value="PFP"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1503792.6</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>CALIFORNIA (CA), STATE OF</name>
        <lei>9845007J7054602FF597</lei>
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          <ticker value="CAS"/>
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        <curCd>USD</curCd>
        <valUSD>46117.95</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY (NY)</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <cusip>64972FL20</cusip>
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          <ticker value="NYCUTL"/>
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        <curCd>USD</curCd>
        <valUSD>94019.82</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.011000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ARCHWEST 2025-RTL1</name>
        <lei>N/A</lei>
        <title>ARCHW 2025-RTL1 A1</title>
        <cusip>039966AA4</cusip>
        <identifiers>
          <isin value="US039966AA40"/>
          <ticker value="ARCHW"/>
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        <balance>350000</balance>
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        <curCd>USD</curCd>
        <valUSD>347322.57</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.196000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GILEAD SCIENCES INC</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILD 4.75 03/01/46</title>
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          <ticker value="GILD"/>
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        <balance>100000</balance>
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        <curCd>USD</curCd>
        <valUSD>85857.39</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ALTRIA GROUP INC</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>MO 4.45 05/06/50</title>
        <cusip>02209SBK8</cusip>
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          <ticker value="MO"/>
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        <curCd>USD</curCd>
        <valUSD>323498.95</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.450000000000</annualizedRt>
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        <name>GLP CAPITAL LP / GLP FINANCING II INC</name>
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        <balance>350000</balance>
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        <curCd>USD</curCd>
        <valUSD>327820.54</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>DISCOVERY GLOBAL HOLDINGS INC</name>
        <lei>549300DXR29GD4N0A520</lei>
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        <balance>2066000</balance>
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        <curCd>USD</curCd>
        <valUSD>2050505</valUSD>
        <pctVal>0.2174747142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Scooters Coffee Issuer LLC / Harvest Roasting Issuer LLC</name>
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        <title>SCOOT 2026-1A A2</title>
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          <isin value="US809142AA01"/>
          <ticker value="SCOOT"/>
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        <curCd>USD</curCd>
        <valUSD>215591.33</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>
          <annualizedRt>6.380000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK &amp; NEW JERSEY PORT AUTHORITY (THE) (NY)</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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        <cusip>73358WCX0</cusip>
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        <curCd>USD</curCd>
        <valUSD>66486.25</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.647000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H032688</cusip>
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          <isin value="US21H0326882"/>
          <ticker value="GNR"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CHENIERE CORPUS CHRISTI HOLDINGS LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MEIJI YASUDA LIFE INSURANCE COMPANY</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>COMMONWEALTH BANK OF AUSTRALIA</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
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          <ticker value="CBAAU"/>
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        <curCd>USD</curCd>
        <valUSD>339902.29</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-03-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.929000000000</annualizedRt>
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        <securityLending>
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        <name>STATION PLACE SECURIT FRN</name>
        <lei>N/A</lei>
        <title>STATION PLACE SECURIT FRN</title>
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          <isin value="US857936AA67"/>
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        <curCd>USD</curCd>
        <valUSD>1750000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2026-09-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STREAM INNOVATIONS 2025-1 ISSUER TRUST</name>
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          <isin value="US86324XAA37"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TCW CLO 2024-2 LTD</name>
        <lei>N/A</lei>
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        <cusip>87252GAJ5</cusip>
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          <isin value="US87252GAJ58"/>
          <ticker value="TAMCO"/>
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        <curCd>USD</curCd>
        <valUSD>300361.68</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.899520000000</annualizedRt>
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      <invstOrSec>
        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BSPRT 2025-FL12 ISSUER LLC</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FS RIALTO 2026-FL11 ISSUER LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GSR MORTGAGE LOAN TRUST 2007-1F</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
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          <ticker value="WFC"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WENDY'S FUNDING LLC</name>
        <lei>5493009DRVSTWJOXUL48</lei>
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          <ticker value="WEN"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIGRE TRUST 2023-HE1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>200 PARK FUNDING TRUST</name>
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        <title>MET 5.74 02/15/55</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM3</name>
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        <title>BRAVO 2025-NQM8 A2</title>
        <cusip>10571JAD8</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RWC COMMERCIAL MORTGAGE 2025-1</name>
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          <isin value="US78348LAA89"/>
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        <fairValLevel>2</fairValLevel>
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        <name>DB MASTER FINANCE LLC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FIRSTENERGY TRANSMISSION LLC</name>
        <lei>549300AINIIPOLYX2R63</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>AUSNET SERVICES HOLDINGS PTY LTD</name>
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        <cusip>Q0708RBT3</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GGP TRUST 2026-TY</name>
        <lei>N/A</lei>
        <title>GGP 2026-TY A</title>
        <cusip>373914AA8</cusip>
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          <ticker value="GGP"/>
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        <balance>525000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 5.35 05/15/45</title>
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          <ticker value="ET"/>
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        <curCd>USD</curCd>
        <valUSD>19226.33</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>COLTES 7.75 09/18/30 B</title>
        <cusip>P6S32JH78</cusip>
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          <isin value="COL17CT03342"/>
          <ticker value="COLTC"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-18</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>01F050684</cusip>
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          <isin value="US01F0506844"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>01F042483</cusip>
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          <ticker value="FNMA"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MICROSOFT CORP</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>MSFT 3.75 02/12/45</title>
        <cusip>594918BD5</cusip>
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          <ticker value="MSFT"/>
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        <curCd>USD</curCd>
        <valUSD>76182.08</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA3310</title>
        <cusip>36179RVB2</cusip>
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          <isin value="US36179RVB22"/>
          <ticker value="GNR"/>
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        <curCd>USD</curCd>
        <valUSD>23871.51</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-15YR</title>
        <cusip>01F040487</cusip>
        <identifiers>
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          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>156116.54</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DB MASTER FINANCE LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WESTPAC BANKING CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ANHEUSER-BUSCH INBEV FINANCE INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TRITON CONTAINER INTERNATIONAL LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BEACON FUNDING TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BP CAPITAL MARKETS PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AUSTRALIA, COMMONWEALTH OF</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NYMT LOAN TRUST 2025-INV1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2020-PJ4</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JEFFERIES CREDIT PARTNERS DIRECT LENDING CLO 2025-1 LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>GARFUNKELUX HOLDCO 3 SA</name>
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        <name>MERCK &amp; COMPANY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>RAKUTEN GROUP INC</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>SAGE AR FUNDING 2026 N.1 PLC</name>
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        <name>EQT CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHILE, REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLOBAL PAYMENTS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COREBRIDGE FINANCIAL INC</name>
        <lei>549300XY1661QCIA7J65</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PERIMETER MASTER NOTE BUSINESS TRUST</name>
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        <title>PMNBT 2026-1A A</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENGIE SA</name>
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        <title>ENGIFP V6.481 PERP MTN</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>LMDV ISSUER COMPANY LLC</name>
        <lei>254900A6HRP8XHJJGM20</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VEOLIA ENVIRONNEMENT SA</name>
        <lei>969500LENY69X51OOT31</lei>
        <title>VIEFP V2 PERP</title>
        <cusip>F9686QF52</cusip>
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          <isin value="FR0014006IX6"/>
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        <currencyConditional curCd="EUR" exchangeRt=".8671898"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THAIOIL TREASURY CENTER COMPANY LTD</name>
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        <title>TOPTB V6.1 PERP REGS</title>
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          <isin value="USY86218AC16"/>
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        <valUSD>194018.28</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EFMT 2026-NQM1</name>
        <lei>254900H3V169GPKPIM43</lei>
        <title>EFMT 2026-NQM1 A1LC</title>
        <cusip>26846GAC1</cusip>
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          <isin value="US26846GAC15"/>
          <ticker value="EFMT"/>
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        <curCd>USD</curCd>
        <valUSD>162376.52</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMFAM HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>AMFAHI 3.833 03/11/51 144A</title>
        <cusip>03115AAC7</cusip>
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          <isin value="US03115AAC71"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED WHOLESALE MORTGAGE LLC</name>
        <lei>549300HW662MN1WU8550</lei>
        <title>UWMLLC 5.5 04/15/29 144A</title>
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          <isin value="US913229AA80"/>
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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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        <name>BROADCOM INC</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>AVGO 5.15 11/15/31</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>UKRAIN 0 02/01/30 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>QTS ISSUER ABS II, LLC</name>
        <lei>N/A</lei>
        <title>QTSII 2026-1A B</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CSTL Commercial Mortgage Trust 2026-GATE3</name>
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        <title>CSTL 2026-GATE3 E</title>
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          <ticker value="CSTL"/>
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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>AETHON UNITED BR LP / AETHON UNITED FINANCE CORP</name>
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        <title>AETUNI 7.5 10/01/29 144A</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITI SERVICES LLC / WINDSTREAM FINANCE CORP</name>
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        <title>WIN 8.25 10/01/31 144A</title>
        <cusip>97381AAA0</cusip>
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          <ticker value="WIN"/>
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        <curCd>USD</curCd>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>UNION PACIFIC CORP</name>
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        <name>LEBANESE, REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>BERKSHIRE HATHAWAY ENERGY COMPANY</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>CAPITAL ONE FINANCIAL CORP</name>
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        <name>FEDERAL HOME LOAN BANKS</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>A&amp;D MORTGAGE TRUST 2024-NQM5</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FIRSTENERGY CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VENEZUELA, BOLIVARIAN REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <invCountry>VE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BURLINGTON NORTHERN SANTA FE LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TENNESSEE VALLEY AUTHORITY (TN)</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>APPLOVIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SUNRISE FINCO I BV</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GS FINANCE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>RAIZEN FUELS FINANCE SA</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BOOZ ALLEN HAMILTON INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CENTERPOINT ENERGY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WALT DISNEY COMPANY (THE)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MORGAN STANLEY RESECURITIZATION TRUST 2015-R2</name>
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        <fairValLevel>3</fairValLevel>
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        <name>WASTE MANAGEMENT INC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>FN AS8380</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ARGENTINA, REPUBLIC OF - SUBSECRETARIA DE FINANCIAMIENTO</name>
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        <cusip>040114HV5</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <title>FN CA7073</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HCA INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARGENTUM NETHERLANDS BV</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>COCA-COLA COMPANY (THE)</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LOWE'S COMPANIES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Entain (fka GVC Holdings)</name>
        <lei>213800ATWJIEYQ8NF838</lei>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PLAINS ALL AMERICAN PIPELINE LP / PLAINS ALL AMERICAN FINANCE CORP</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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        <name>SUMITOMO LIFE INSURANCE COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CAPITAL ONE FINANCIAL CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ENBRIDGE INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>NELNET STUDENT LOAN TRUST 2025-B</name>
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        <name>D2 MULTIFAMILY CREDIT 2026-FL1 ISSUER LTD</name>
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        <name>ORACLE CORP</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>POLAND, REPUBLIC OF - STATE TREASURY</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN BANKS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HOPE GAS HLDGS LLC 6.18%</name>
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        <fairValLevel>3</fairValLevel>
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        <name>ARES DIRECT LENDING CLO 5 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GOLUB CAPITAL PARTNERS CLO 16(M)-R2 LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <title>T 3.875 08/15/34</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HOMES 2024-NQM2 TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GENESIS ENERGY LP / GENESIS ENERGY FINANCE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BERKSHIRE HATHAWAY FINANCE CORP</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BENCHMARK 2020-B21 MORTGAGE TRUST</name>
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          <ticker value="BMARK"/>
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        <curCd>USD</curCd>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP GLOBAL MARKETS HOLDINGS INC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQT CORP</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALPHABET INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LEVEL 3 FINANCING INC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC</name>
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        <curCd>USD</curCd>
        <valUSD>13302.71</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>MIDAMERICAN ENERGY COMPANY</name>
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        <balance>51000</balance>
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        <curCd>USD</curCd>
        <valUSD>32485.99</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.150000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANTERO RESOURCES CORP</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
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          <ticker value="AR"/>
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        <balance>862000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>863472.3</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SC0111</title>
        <cusip>3132D9DQ4</cusip>
        <identifiers>
          <isin value="US3132D9DQ47"/>
          <ticker value="FHLMC"/>
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        <balance>78862.54</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>72986.67</valUSD>
        <pctVal>0.0077409005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SC0063</title>
        <cusip>3132D9B86</cusip>
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          <isin value="US3132D9B869"/>
          <ticker value="FHLMC"/>
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        <balance>93817.5</balance>
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        <curCd>USD</curCd>
        <valUSD>90091.25</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN BANKS</name>
        <lei>2549001DPIFGXC1TOL40</lei>
        <title>FR SD7541</title>
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          <isin value="US3132DVLW36"/>
          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB1431</title>
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          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB1428</title>
        <cusip>3140QLSS6</cusip>
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          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA8636</title>
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        <curCd>USD</curCd>
        <valUSD>16576.13</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <title>T 4 11/15/35</title>
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          <ticker value="T"/>
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        <curCd>USD</curCd>
        <valUSD>5687.81</valUSD>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EGYPT, ARAB REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SYNCHRONY FINANCIAL</name>
        <lei>549300RS7EWPM9MA6C78</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FR RA7506</title>
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          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>PETROLEOS MEXICANOS SA DE CV</name>
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        <name>STUDIO CITY FINANCE LTD</name>
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        <name>NEW YORK &amp; NEW JERSEY PORT AUTHORITY (THE) (NY)</name>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>MELCO RESORTS FINANCE LTD</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>INTEL CORP</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BQ0697</title>
        <cusip>3140KKX33</cusip>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC SERVICE COMPANY OF COLORADO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DIAMONDBACK ENERGY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>BSPDF 2026-FL4 Issuer LLC</name>
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        <name>FIGRE TRUST 2026-HE5</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HV STRUCTURED SLTN. TL</name>
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        <name>Allison Transmission</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <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>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LOCKHEED MARTIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>ORACLE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>Resurgent Trade and Investment Ltd.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>LEX TRUST 2026-450</name>
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        <name>MADISON PARK FUNDING LXV LTD</name>
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        <name>PLYM COMMERCIAL MORTGAGE TRUST 2026-IND</name>
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        <fairValLevel>2</fairValLevel>
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        <name>245 PARK AVENUE TRUST 2017-245P</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HOST HOTELS &amp; RESORTS LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRUIST BANK</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ISHARES TRUST</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TOWD POINT MORTGAGE TRUST 2025-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TELUS CORP</name>
        <lei>894500TX134IMF6NW757</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Obsidian Issuer 2025-1 LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>DYAL CAP IV A 5.94%</name>
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        <fairValLevel>3</fairValLevel>
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        <name>EVERSOURCE ENERGY</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>XCEL ENERGY INC</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>XEL V5.75 12/03/56</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3384</title>
        <cusip>31418CXN9</cusip>
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          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CFK TRUST 2019-FAX</name>
        <lei>N/A</lei>
        <title>CFK 2019-FAX D</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ALTRIA GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FOUNDRY JV HOLDCO LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TELUS CORP</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>TCN V7 10/15/55</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GOLUB CAPITAL PARTNERS CLO 54(M)-R</name>
        <lei>2549007JA1TZWEDGPD41</lei>
        <title>GOCAP 2021-54A A2R</title>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PRUDENTIAL FINANCIAL INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COX COMMUNICATIONS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US BANCORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WALMART INC</name>
        <lei>Y87794H0US1R65VBXU25</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>WYETH LLC</name>
        <lei>549300Q9GR3WRH4N4836</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>POLAND, REPUBLIC OF - STATE TREASURY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>1345 TRUST 2025-AOA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALABAMA POWER COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NBCUNIVERSAL MEDIA LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PEPSICO INC</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MINISTERO DELL'ECONOMIA E DELLE FINANZE - DIPARTIMENTO DEL TESORO</name>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEXT PROPERTIES (TRUST 2401)</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>DOWSON 2024-1 PLC</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TPG OPERATING GROUP II LP</name>
        <lei>2549001H9RJQNZT7MU11</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>THOR FINANCECO LLC 5.22%</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>CAFL 2025-RRTL2 Issuer LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BXP TRUST 2017-GM</name>
        <lei>N/A</lei>
        <title>BXP 2017-GM D</title>
        <cusip>056083AL2</cusip>
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          <isin value="US056083AL23"/>
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        <fairValLevel>2</fairValLevel>
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        <name>IMPAC SECURED ASSETS CORP MORTGAGE PASS THROUGH CERTIFICATES SERIES 2006-3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Insured Lending 1 Ltd.</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>POST HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUMITOMO LIFE INSURANCE COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BARCLAYS MORTGAGE LOAN TRUST 2026-NQM2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>EGYPT, ARAB REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <name>SERVPRO MASTER ISSUER LLC</name>
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        <name>WEC ENERGY GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AITX FINCO LLC 5.38%</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JAPAN HOUSING FINANCE AGENCY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BAKER HUGHES HOLDINGS LLC / BAKER HUGHES CO-OBLIGOR INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OPTION ONE MORTGAGE LOAN TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DOW CHEMICAL COMPANY (THE)</name>
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        <name>SPECTRUM MANAGEMENT HOLDING COMPANY LLC</name>
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        <name>VENEZUELA, BOLIVARIAN REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <name>TRANSDIGM INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP INC</name>
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        <name>EQT CORP</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
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        <name>COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO</name>
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        <name>MACQUARIE GROUP LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MAPLE GROVE FUNDING TRUST I</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>EXTRA SPACE STORAGE LP</name>
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        <name>DOWSON 2024-1 PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMGEN INC</name>
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        <name>FLORIDA POWER &amp; LIGHT COMPANY</name>
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        <name>DOW CHEMICAL COMPANY (THE)</name>
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        <name>APPLE INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DIAMONDBACK ENERGY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GEORGIA POWER COMPANY</name>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>NATWEST GROUP PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PG&amp;E CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>2023-MIC TRUST/THE</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UK LOGISTICS 2025-1 DAC</name>
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        <name>SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2025-RRTL1</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Aramark</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VB-S1 ISSUER LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VELOCITY COMMERCIAL CAPITAL LOAN TRUST 2016-2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR TA4389</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ABBOTT LABORATORIES</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CNO FINANCIAL GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STACK INFRASTRUCTURE ISSUER LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COREBRIDGE LIFE HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WASHINGTON MUTUAL BANK</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FLUTTER TREASURY DAC</name>
        <lei>635400JE8VLL9UFVIC38</lei>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GCAT 2025-INV3 TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HANOVER INSURANCE GROUP INC (THE)</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GXO LOGISTICS INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ICON INVESTMENTS SIX DAC</name>
        <lei>635400FQ1M7J2CHLAS59</lei>
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        <curCd>USD</curCd>
        <valUSD>204055.28</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-08</maturityDt>
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      <invstOrSec>
        <name>GLOBAL ATLANTIC (FIN) COMPANY</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASCOT GROUP LTD</name>
        <lei>213800DJV7WRJBE2II28</lei>
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        <cusip>04365XAB4</cusip>
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        <curCd>USD</curCd>
        <valUSD>319503.45</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN NATIONAL GROUP INC</name>
        <lei>549300RK5RZQ740FPL83</lei>
        <title>ANGINC V7 12/01/55</title>
        <cusip>025676AR8</cusip>
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        <curCd>USD</curCd>
        <valUSD>264559.46</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EVERGY METRO INC</name>
        <lei>1128SIJQ26096WL7IO82</lei>
        <title>EVRG 5.125 08/15/35</title>
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        <curCd>USD</curCd>
        <valUSD>852256.62</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>GA GLOBAL FUNDING TRUST</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GEN DIGITAL INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
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        <title>NEXTERA ENERGY CAPITAL HOLDINGS INC PUBLIC OFFERING OF 60NC5 FIXED-FOR-LIFE JUNIOR SUBORDINATED DEBENTURES DUE 15-APR-2086</title>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.125 06/15/29</title>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>MUTUAL OF OMAHA INSURANCE COMPANY</name>
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        <name>MACQUARIE BANK LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CRANE HLDNGS CO TL</name>
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        <title>CRANE HLDNGS CO TL</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T INC</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GLP CAPITAL LP / GLP FINANCING II INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HONEYWELL AEROSPACE INC</name>
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        <title>HONA 3.9 03/16/28 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TRITON CONTAINER INTERNATIONAL LTD / TAL INTERNATIONAL CONTAINER CORP</name>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PFP 2026-13 LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHARLES SCHWAB CORP (THE)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VENTURE GLOBAL LNG INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MAPS 2026-1 TRUST</name>
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        <name>ACREC 2026-FL4 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>POLARIS INC</name>
        <lei>549300QJSN8UVWN1EI78</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Fnma Pass-Thru I</name>
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        <name>DOMINION ENERGY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HF SINCLAIR CORP</name>
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        <name>ONEOK INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CEAMER FIN IV LLC 0.0%</name>
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        <fairValLevel>3</fairValLevel>
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        <name>LHOME MORTGAGE TRUST 2026-RTL1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WSP GLOBAL INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SIERRA PACIFIC POWER COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BAKER HUGHES HOLDINGS LLC / BAKER HUGHES CO-OBLIGOR INC</name>
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        <name>FIGRE TRUST 2026-HE2</name>
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        <name>VERUS SECURITIZATION TRUST 2023-8</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GRAND RIVER FUNDING TRUST I / GRAND RIVER FUNDING TRUST II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CASTLELAKE AIRCRAFT STRUCTURED TRUST 2021-1</name>
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        <name>ARES LOAN FUNDING VIII LTD</name>
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        <name>RD MICHIGAN PROPERTY OWNER I LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>DYCOM INDS INC TL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ACRES COMMERCIAL REALTY 2021-FL2 ISSUER LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BRSP 2026-FL3 Ltd / BRSP 2026-FL3 LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Phantom 2026-1 Aviation Ltd. / Phantom 2026-1 Aviation LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CROSS 2026-NQM1 MORTGAGE TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VB-S1 ISSUER LLC</name>
        <lei>N/A</lei>
        <title>VBTEL 2026-1A C2</title>
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        <fairValLevel>2</fairValLevel>
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        <name>LOEWS CORP</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CARS DB4 LP</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>EVERSOURCE ENERGY</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>ABBOTT LABORATORIES</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>ABT 5.5 03/15/56</title>
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        <curCd>USD</curCd>
        <valUSD>209689.63</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PROLOGIS TARGETED U.S. LOGISTICS FUND LP</name>
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        <curCd>USD</curCd>
        <valUSD>191132.62</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TARGA RESOURCES CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMAZON.COM INC</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSCANADA PIPELINES LTD</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3140U7FF4</cusip>
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          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ELECTRICITE DE FRANCE SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF 6.125 04/22/56 144A</title>
        <cusip>285039AQ6</cusip>
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          <ticker value="EDF"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <title>HUM 6.887 11/15/55</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERIPRISE FINANCIAL INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STORE MASTER FUNDING I LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNIVERSAL HEALTH SERVICES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IQVIA INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CERBERUS LOAN FUNDING 50 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ANZ GROUP HOLDINGS LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NTT FINANCE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONWIDE BUILDING SOCIETY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SYMETRA LIFE INSURANCE COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2023-FIG</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2025-HE1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EAGLE FUNDING LUXCO SARL</name>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TPG OPERATING GROUP II LP</name>
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        <assetCat>DBT</assetCat>
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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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        <curCd>USD</curCd>
        <valUSD>44216.39</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2018-2</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VERIZON COMMUNICATIONS INC</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <curCd>USD</curCd>
        <valUSD>196665.9</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OBX 2025-NQM10 TRUST</name>
        <lei>254900NDJVO62R77II89</lei>
        <title>OBX 2025-NQM10 A3</title>
        <cusip>67121LAC0</cusip>
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          <ticker value="OBX"/>
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        <balance>554424.79</balance>
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        <curCd>USD</curCd>
        <valUSD>552861.31</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RCKT MORTGAGE TRUST 2025-CES6</name>
        <lei>2549002LEW4WNQBOMB89</lei>
        <title>RCKT 2025-CES6 A1A</title>
        <cusip>748949AA2</cusip>
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        <curCd>USD</curCd>
        <valUSD>1116008.02</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.472000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GULFSTREAM NATURAL GAS SYSTEM LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX 5.4 09/15/35</title>
        <cusip>55336VCC2</cusip>
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          <isin value="US55336VCC28"/>
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        <curCd>USD</curCd>
        <valUSD>514579.7</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.400000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>VERUS SECURITIZATION TRUST 2025-7</name>
        <lei>213800OVCAXDOBS94P47</lei>
        <title>VERUS 2025-7 A3</title>
        <cusip>924931AG3</cusip>
        <identifiers>
          <isin value="US924931AG31"/>
          <ticker value="VERUS"/>
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        <balance>810728.69</balance>
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        <curCd>USD</curCd>
        <valUSD>805748.55</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.535000000000</annualizedRt>
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      <invstOrSec>
        <name>ONEOK INC</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>OKE 6.25 10/15/55</title>
        <cusip>682680DD2</cusip>
        <identifiers>
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          <ticker value="OKE"/>
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        <balance>275000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>263989.58</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX 6.2 09/15/55</title>
        <cusip>55336VCD0</cusip>
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          <ticker value="MPLX"/>
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        <balance>325000</balance>
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        <curCd>USD</curCd>
        <valUSD>311566.59</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VB-S1 ISSUER LLC</name>
        <lei>N/A</lei>
        <title>VBTEL 2026-1A D</title>
        <cusip>91825HAC8</cusip>
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          <ticker value="VBTOW"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>488667.6</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.193000000000</annualizedRt>
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        <name>HLEND CLO 2026-5 LLC</name>
        <lei>529900N6JRXPABMGOA33</lei>
        <title>HLEND 2026-5A B</title>
        <cusip>403967AE2</cusip>
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          <ticker value="HLEND"/>
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        <balance>150000</balance>
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        <curCd>USD</curCd>
        <valUSD>149184.78</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>EVERSOURCE ENERGY</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
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        <cusip>30040WBD9</cusip>
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        <curCd>USD</curCd>
        <valUSD>99518.4</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.350000000000</annualizedRt>
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      <invstOrSec>
        <name>REINSURANCE GROUP OF AMERICA INC</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>RGA V6.375 09/15/56</title>
        <cusip>759351AV1</cusip>
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          <isin value="US759351AV17"/>
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        <balance>295000</balance>
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        <curCd>USD</curCd>
        <valUSD>287861.09</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WSP GLOBAL INC</name>
        <lei>549300IQ87LU6X6ERQ78</lei>
        <title>WSPCN 5.039 09/18/31 144A</title>
        <cusip>92938WAG8</cusip>
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          <isin value="US92938WAG87"/>
          <ticker value="WSPCN"/>
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        <balance>200000</balance>
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        <curCd>USD</curCd>
        <valUSD>196998.55</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NOVARTIS CAPITAL CORP</name>
        <lei>5493002KF87V5RSRQS84</lei>
        <title>NOVNVX 5.7 03/18/56</title>
        <cusip>66989HBL1</cusip>
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        <curCd>USD</curCd>
        <valUSD>144961.05</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-03-18</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ALTDE 2026-1 TRUST</name>
        <lei>N/A</lei>
        <title>ALTDE 2026-1A A</title>
        <cusip>02090EAA4</cusip>
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          <isin value="US02090EAA47"/>
          <ticker value="ALTDE"/>
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        <balance>490520.51</balance>
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        <curCd>USD</curCd>
        <valUSD>483943.61</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.521000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BROADRIDGE FINANCIAL SOLUTIONS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BLACKSTONE STRTG 5.92%</name>
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        <fairValLevel>3</fairValLevel>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ACREC 2026-FL4 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>EQT TRUST 2026-IND1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AREIT 2026-CRE12 LTD / AREIT 2026-CRE12 LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ACCENTURE CAPITAL INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELDRIDGE CLO 2026-4 LTD / ELDRIDGE CLO 2026-4 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NLTM 2026-NQM1 Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAYVIEW OPPORTUNITY MASTER FUND VII TRUST 2026-CES1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMAZON.COM INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ELDRIDGE CLO 2026-4 LTD / ELDRIDGE CLO 2026-4 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PRPM 2025-3 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TACO BELL FUNDING LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AVILEASE CAPITAL LTD</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Aaset 2026-1 Ltd /Aaset 2026-1 LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED STATES STEEL CORP</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NLTM 2026-NQM1 Trust</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>NLTM 2026-NQM1 Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STAR 2026-SFR8 TRUST</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLUB CAPITAL PARTNERS CLO 16(M)-R3 LTD</name>
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        <title>GOCAP 2013-16A A1R3</title>
        <cusip>38181EAC4</cusip>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-09</maturityDt>
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      <invstOrSec>
        <name>LINCOLN NATIONAL CORP</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>LNC V6.8 07/15/56</title>
        <cusip>534187CA5</cusip>
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          <isin value="US534187CA58"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MAPS TRUST 2026-2</name>
        <lei>N/A</lei>
        <title>MAPSL 2026-2A A</title>
        <cusip>56564QAA0</cusip>
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          <isin value="US56564QAA04"/>
          <ticker value="MAPSL"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FIGRE TRUST 2026-EXP1</name>
        <lei>N/A</lei>
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        <cusip>316939AB3</cusip>
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          <isin value="US316939AB37"/>
          <ticker value="FIGRE"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GA GLOBAL FUNDING TRUST</name>
        <lei>54930029I8ROQ4OROZ88</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NLTM 2026-NQM1 Trust</name>
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          <ticker value="NLT"/>
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        <fairValLevel>2</fairValLevel>
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        <name>GOLDMAN SACHS GROUP INC (THE)</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>HPS PRIVATE CREDIT CLO 2025-3 LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flutter Entertainment</name>
        <lei>635400EG4YIJLJMZJ782</lei>
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          <ticker value="FLTR"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPACE EXPLORATION TECHNOLOGIES CORP</name>
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        <title>SPCX 5.65 07/15/33 144A</title>
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          <ticker value="SPCX"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Colonial Enterprises</name>
        <lei>2549009FT92RXWA46910</lei>
        <title>Colonial Enterprises Term Loan B 175 2033-01-01</title>
        <cusip>19682LAC2</cusip>
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          <isin value="US19682LAC28"/>
          <ticker value="COLPLN"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FXO AUDUSD PUT 0.69 06082</name>
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        <units>NC</units>
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        <pctVal>0.0000020522</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>OTCEXCH</counterpartyName>
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            <exercisePriceCurCd>AUD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-556.62</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO AUDUSD PUT 0.69 06082</name>
        <lei>N/A</lei>
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        <currencyConditional curCd="AUD" exchangeRt="1.421161"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <indexBasketInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO EURHUF CALL 370 28092</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9NXFPJU"/>
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        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt=".8671898"/>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            <exercisePriceCurCd>EUR</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-33.7</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 3500 0110</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N9RUEU"/>
        </identifiers>
        <balance>-34000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-123.48</valUSD>
        <pctVal>-0.0000130962</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>600.38</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 3500 1809</name>
        <lei>N/A</lei>
        <title>FXO USDCOP CALL 3500 1809</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N99G5U"/>
        </identifiers>
        <balance>-35000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-85</valUSD>
        <pctVal>-0.0000090150</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
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            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3500.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-09-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1021</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 3500 1809</name>
        <lei>N/A</lei>
        <title>FXO USDCOP CALL 3500 1809</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N99G6U"/>
        </identifiers>
        <balance>-25000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-60.72</valUSD>
        <pctVal>-0.0000064399</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            <delta>XXXX</delta>
            <unrealizedAppr>729.28</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 4150 0608</name>
        <lei>N/A</lei>
        <title>FXO USDCOP CALL 4150 0608</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N8LD0U"/>
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        <balance>-25000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
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                <indexIdentifier>N/A</indexIdentifier>
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            <delta>XXXX</delta>
            <unrealizedAppr>267.1</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 4150 0608</name>
        <lei>N/A</lei>
        <title>FXO USDCOP CALL 4150 0608</title>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N8LH1U"/>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Call</putOrCall>
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            <delta>XXXX</delta>
            <unrealizedAppr>373.94</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 4150 1108</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N8MTTU"/>
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        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <delta>XXXX</delta>
            <unrealizedAppr>422.91</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FXO USDCOP CALL 4150 1108</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>302.08</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FXO USDCOP CALL 4150 1108</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N95BTU"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
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            <delta>XXXX</delta>
            <unrealizedAppr>-220.08</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 4150 1108</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N95BPU"/>
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        <balance>50000</balance>
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        <pctVal>0.0000000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
              <indexBasketInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-157.2</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP PUT 3200 11092</name>
        <lei>N/A</lei>
        <title>FXO USDCOP PUT 3200 11092</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N9WCLU"/>
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        <balance>-66000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1405.27</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FXO USDCOP PUT 3200 11092</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>OTCEXCH</counterpartyName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP PUT 3300 11092</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP PUT 3300 11092</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N9WCPU"/>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <descRefInstrmnt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDHUF PUT 315 270826</name>
        <lei>N/A</lei>
        <title>FXO USDHUF PUT 315 270826</title>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9NXFPFU"/>
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        <curCd>USD</curCd>
        <valUSD>571.49</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            <delta>XXXX</delta>
            <unrealizedAppr>106.03</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDHUF PUT 315 270826</name>
        <lei>N/A</lei>
        <title>FXO USDHUF PUT 315 270826</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9NXFPEU"/>
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        <balance>46000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
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            <delta>XXXX</delta>
            <unrealizedAppr>76.21</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDINR CALL 95 140826</name>
        <lei>N/A</lei>
        <title>FXO USDINR CALL 95 140826</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N9823U"/>
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        <balance>-78000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            <delta>XXXX</delta>
            <unrealizedAppr>19.69</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDINR CALL 95 140826</name>
        <lei>N/A</lei>
        <title>FXO USDINR CALL 95 140826</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N9817U"/>
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        <balance>-51000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <delta>XXXX</delta>
            <unrealizedAppr>12.88</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDINR CALL 96.15 080</name>
        <lei>N/A</lei>
        <title>FXO USDINR CALL 96.15 080</title>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N9UGHU"/>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <delta>XXXX</delta>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDINR CALL 96.15 080</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N9UGJU"/>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
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            <delta>XXXX</delta>
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        <securityLending>
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      <invstOrSec>
        <name>FXO USDINR PUT 92.4 08012</name>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6FWJU"/>
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        <balance>93000</balance>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      <invstOrSec>
        <name>FXO USDINR PUT 92.4 08012</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>OTCEXCH</counterpartyName>
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            <descRefInstrmnt>
              <indexBasketInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-1242.7</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDJPY CALL 162 13082</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9NX6YEU"/>
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        <balance>415000</balance>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
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                <indexIdentifier>N/A</indexIdentifier>
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            <curCd>USD</curCd>
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            <expDt>2026-08-13</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-2350.97</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FXO USDJPY PUT 162 130826</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>OTCEXCH</counterpartyName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDKRW CALL 1460 0110</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDKRW CALL 1460 0110</name>
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          <isin value="N/A"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDKRW CALL 1478 2008</name>
        <lei>N/A</lei>
        <title>FXO USDKRW CALL 1478 2008</title>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9NX9GCU"/>
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        <balance>20000</balance>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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              <indexBasketInfo>
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                <indexIdentifier>N/A</indexIdentifier>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDKRW CALL 1500 0110</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9NXFRCU"/>
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        <balance>-69000</balance>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDKRW CALL 1500 0110</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9NXFRBU"/>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDKRW CALL 1580 0409</name>
        <lei>N/A</lei>
        <title>FXO USDKRW CALL 1580 0409</title>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N93HHU"/>
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        <balance>84000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <delta>XXXX</delta>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDKRW PUT 1478 20082</name>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9NXARLU"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
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            <descRefInstrmnt>
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            <delta>XXXX</delta>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDMXN CALL 17.6 2008</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N9D66U"/>
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        <balance>49000</balance>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyLei>N/A</counterpartyLei>
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        <securityLending>
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      <invstOrSec>
        <name>FXO USDMXN CALL 17.6 2008</name>
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          <isin value="N/A"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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        <securityLending>
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      <invstOrSec>
        <name>FXO USDTHB PUT 33.5 11082</name>
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          <isin value="N/A"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
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            <delta>XXXX</delta>
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        <securityLending>
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      <invstOrSec>
        <name>FXO USDTHB PUT 33.5 11082</name>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyLei>N/A</counterpartyLei>
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            <delta>XXXX</delta>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTRY CALL 49 040926</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N9SJ5U"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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      <invstOrSec>
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      <invstOrSec>
        <name>FXO USDZAR PUT 16.25 0608</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>FXODIG EURHUF PUT 339 11</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FXODIG EURHUF PUT 345 05</name>
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      <invstOrSec>
        <name>FXODIG EURHUF PUT 350 05</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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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>OPT. S&amp;P50 P 6700 18/9/26</name>
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        <fairValLevel>1</fairValLevel>
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        <securityLending>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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            <unrealizedAppr>-2687.5</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>OPT. US 10Y C 110 21/8/26</name>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>Chicago Board of Trade</counterpartyName>
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            <descRefInstrmnt>
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      <invstOrSec>
        <name>P 21AUG26 EURX P 21AUG</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SWO USD RCV 4 PAY SOFR 1D</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>SWO_CDX CDX.NA.IG.46 (5Y)</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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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>FXODIG USDINR PUT 94 260</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FXODIG USDJPY CALL 161 0</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OPT. EUR C 114.75 21/8/26</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PUT DEC 26 CME 3M PUT DEC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SWO AUD RCV 4.805 PAY BBS</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Morgan Stanley &amp; Co. International PLC</counterpartyName>
                    <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO EUR RCV 3.13 PAY EURI</name>
                    <lei>N/A</lei>
                    <title>SWO EUR RCV 3.13 PAY EURI</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N9VZAU_ref"/>
                    </identifiers>
                    <balance>-989700</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <currencyConditional curCd="EUR" exchangeRt=".8671898"/>
                    <valUSD>-5914.99</valUSD>
                    <pctVal>-0.000006273385</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <fixedRecDesc amount="0" curCd="EUR" fixedOrFloating="Fixed" fixedRt="3.13"/>
                  <floatingPmntDesc curCd="EUR" fixedOrFloating="Floating" floatingRtIndex="EURIB" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
                    </rtResetTenors>
                  </floatingPmntDesc>
                  <terminationDt>2031-10-14</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>EUR</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>EUR</rcptCurCd>
                  <notionalAmt>-989700</notionalAmt>
                  <curCd>EUR</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>EUR</curCd>
            <exercisePrice>3.130000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-10-12</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-2631.08</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO EUR RCV 3.2 PAY EURIB</name>
        <lei>N/A</lei>
        <title>SWO EUR RCV 3.2 PAY EURIB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N8WXMU"/>
        </identifiers>
        <balance>-6478000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt=".8671898"/>
        <valUSD>-5090.13</valUSD>
        <pctVal>-0.0005398546</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>CITIBANK NA - LONDON</counterpartyName>
                    <counterpartyLei>31OGKFG0Y1795OV0AK56</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO EUR RCV 3.2 PAY EURIB</name>
                    <lei>N/A</lei>
                    <title>SWO EUR RCV 3.2 PAY EURIB</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N8WXMU_ref"/>
                    </identifiers>
                    <balance>-6478000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <currencyConditional curCd="EUR" exchangeRt=".8671898"/>
                    <valUSD>-5090.13</valUSD>
                    <pctVal>-0.000005398546</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <fixedRecDesc amount="0" curCd="EUR" fixedOrFloating="Fixed" fixedRt="3.2"/>
                  <floatingPmntDesc curCd="EUR" fixedOrFloating="Floating" floatingRtIndex="EURIB" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
                    </rtResetTenors>
                  </floatingPmntDesc>
                  <terminationDt>2028-09-01</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>EUR</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>EUR</rcptCurCd>
                  <notionalAmt>-6478000</notionalAmt>
                  <curCd>EUR</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>EUR</curCd>
            <exercisePrice>3.200000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-08-28</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-783.24</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO EUR RCV 3.2 PAY EURIB</name>
        <lei>N/A</lei>
        <title>SWO EUR RCV 3.2 PAY EURIB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N89Z3U"/>
        </identifiers>
        <balance>-5298000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt=".8671898"/>
        <valUSD>-12122.25</valUSD>
        <pctVal>-0.0012856749</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Deutsche Bank AG</counterpartyName>
                    <counterpartyLei>7LTWFZYICNSX8D621K86</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO EUR RCV 3.2 PAY EURIB</name>
                    <lei>N/A</lei>
                    <title>SWO EUR RCV 3.2 PAY EURIB</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N89Z3U_ref"/>
                    </identifiers>
                    <balance>-5298000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <currencyConditional curCd="EUR" exchangeRt=".8671898"/>
                    <valUSD>-12122.25</valUSD>
                    <pctVal>-0.000012856749</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <fixedRecDesc amount="0" curCd="EUR" fixedOrFloating="Fixed" fixedRt="3.2"/>
                  <floatingPmntDesc curCd="EUR" fixedOrFloating="Floating" floatingRtIndex="EURIB" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
                    </rtResetTenors>
                  </floatingPmntDesc>
                  <terminationDt>2028-10-22</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>EUR</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>EUR</rcptCurCd>
                  <notionalAmt>-5298000</notionalAmt>
                  <curCd>EUR</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>EUR</curCd>
            <exercisePrice>3.200000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-10-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-3899.23</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO EUR RCV 3.52 PAY EURI</name>
        <lei>N/A</lei>
        <title>SWO EUR RCV 3.52 PAY EURI</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N8JYNU"/>
        </identifiers>
        <balance>-1101000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt=".8671898"/>
        <valUSD>-5692.08</valUSD>
        <pctVal>-0.0006036969</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Goldman Sachs International</counterpartyName>
                    <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO EUR RCV 3.52 PAY EURI</name>
                    <lei>N/A</lei>
                    <title>SWO EUR RCV 3.52 PAY EURI</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N8JYNU_ref"/>
                    </identifiers>
                    <balance>-1101000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <currencyConditional curCd="EUR" exchangeRt=".8671898"/>
                    <valUSD>-5692.08</valUSD>
                    <pctVal>-0.000006036969</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <fixedRecDesc amount="0" curCd="EUR" fixedOrFloating="Fixed" fixedRt="3.52"/>
                  <floatingPmntDesc curCd="EUR" fixedOrFloating="Floating" floatingRtIndex="EURIB" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
                    </rtResetTenors>
                  </floatingPmntDesc>
                  <terminationDt>2036-11-10</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>EUR</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>EUR</rcptCurCd>
                  <notionalAmt>-1101000</notionalAmt>
                  <curCd>EUR</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>EUR</curCd>
            <exercisePrice>3.520000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-11-06</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1130.61</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO EUR RCV EURIB 6M PAY</name>
        <lei>N/A</lei>
        <title>SWO EUR RCV EURIB 6M PAY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N8WXNU"/>
        </identifiers>
        <balance>3239000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt=".8671898"/>
        <valUSD>12817.96</valUSD>
        <pctVal>0.0013594613</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>CITIBANK NA - LONDON</counterpartyName>
                    <counterpartyLei>31OGKFG0Y1795OV0AK56</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO EUR RCV EURIB 6M PAY</name>
                    <lei>N/A</lei>
                    <title>SWO EUR RCV EURIB 6M PAY</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N8WXNU_ref"/>
                    </identifiers>
                    <balance>3239000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <currencyConditional curCd="EUR" exchangeRt=".8671898"/>
                    <valUSD>12817.96</valUSD>
                    <pctVal>0.000013594613</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="EUR" fixedOrFloating="Floating" floatingRtIndex="EURIB" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="EUR" fixedOrFloating="Fixed" fixedRt="2.9"/>
                  <terminationDt>2028-09-01</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>EUR</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>EUR</rcptCurCd>
                  <notionalAmt>3239000</notionalAmt>
                  <curCd>EUR</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>EUR</curCd>
            <exercisePrice>2.900000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-08-28</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>6395.41</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO GBP RCV 4.8 PAY SONIA</name>
        <lei>N/A</lei>
        <title>SWO GBP RCV 4.8 PAY SONIA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N8KRWU"/>
        </identifiers>
        <balance>-1164672</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt=".7419773"/>
        <valUSD>-2398.79</valUSD>
        <pctVal>-0.0002544135</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>CITIBANK NA - LONDON</counterpartyName>
                    <counterpartyLei>31OGKFG0Y1795OV0AK56</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO GBP RCV 4.8 PAY SONIA</name>
                    <lei>N/A</lei>
                    <title>SWO GBP RCV 4.8 PAY SONIA</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N8KRWU_ref"/>
                    </identifiers>
                    <balance>-1164672</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <currencyConditional curCd="GBP" exchangeRt=".7419773"/>
                    <valUSD>-2398.79</valUSD>
                    <pctVal>-0.000002544135</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <fixedRecDesc amount="0" curCd="GBP" fixedOrFloating="Fixed" fixedRt="4.8"/>
                  <floatingPmntDesc curCd="GBP" fixedOrFloating="Floating" floatingRtIndex="SONIA" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
                    </rtResetTenors>
                  </floatingPmntDesc>
                  <terminationDt>2028-11-09</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>GBP</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>GBP</rcptCurCd>
                  <notionalAmt>-1164672</notionalAmt>
                  <curCd>GBP</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>GBP</curCd>
            <exercisePrice>4.800000000000</exercisePrice>
            <exercisePriceCurCd>GBP</exercisePriceCurCd>
            <expDt>2026-11-09</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1582.2</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO GBP RCV SONIA 1D PAY</name>
        <lei>N/A</lei>
        <title>SWO GBP RCV SONIA 1D PAY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N8KRVU"/>
        </identifiers>
        <balance>1747000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt=".7419773"/>
        <valUSD>846.45</valUSD>
        <pctVal>0.0000897737</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>CITIBANK NA - LONDON</counterpartyName>
                    <counterpartyLei>31OGKFG0Y1795OV0AK56</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO GBP RCV SONIA 1D PAY</name>
                    <lei>N/A</lei>
                    <title>SWO GBP RCV SONIA 1D PAY</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N8KRVU_ref"/>
                    </identifiers>
                    <balance>1747000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <currencyConditional curCd="GBP" exchangeRt=".7419773"/>
                    <valUSD>846.45</valUSD>
                    <pctVal>0.000000897737</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="GBP" fixedOrFloating="Floating" floatingRtIndex="SONIA" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="GBP" fixedOrFloating="Fixed" fixedRt="5.5"/>
                  <terminationDt>2028-11-09</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>GBP</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>GBP</rcptCurCd>
                  <notionalAmt>1747000</notionalAmt>
                  <curCd>GBP</curCd>
                </swapDeriv>
              </nestedDerivInfo>
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            <principalAmt>1</principalAmt>
            <curCd>GBP</curCd>
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            <exercisePriceCurCd>GBP</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-1523.18</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO JPY RCV 1.1 PAY TONAR</name>
        <lei>N/A</lei>
        <title>SWO JPY RCV 1.1 PAY TONAR</title>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N8GJZU"/>
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        <balance>322730000</balance>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>OTCEXCH</counterpartyName>
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            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                    <lei>N/A</lei>
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                    </identifiers>
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                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
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                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>JPY</rcptCurCd>
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                  <curCd>JPY</curCd>
                </swapDeriv>
              </nestedDerivInfo>
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            <exercisePriceCurCd>JPY</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-86.84</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO JPY RCV 2.85 PAY TONA</name>
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        <title>SWO JPY RCV 2.85 PAY TONA</title>
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        <identifiers>
          <isin value="N/A"/>
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        </identifiers>
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        <units>NC</units>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
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                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO JPY RCV 2.85 PAY TONA</name>
                    <lei>N/A</lei>
                    <title>SWO JPY RCV 2.85 PAY TONA</title>
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                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N92LFU_ref"/>
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                    <balance>-10000000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
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                    <pctVal>-0.000000217294</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <fixedRecDesc amount="0" curCd="JPY" fixedOrFloating="Fixed" fixedRt="2.85"/>
                  <floatingPmntDesc curCd="JPY" fixedOrFloating="Floating" floatingRtIndex="TONAR" floatingRtSpread="0" pmntAmt="0">
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                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
                    </rtResetTenors>
                  </floatingPmntDesc>
                  <terminationDt>2036-09-07</terminationDt>
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                  <pmntCurCd>JPY</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>JPY</rcptCurCd>
                  <notionalAmt>-10000000</notionalAmt>
                  <curCd>JPY</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
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            <curCd>JPY</curCd>
            <exercisePrice>2.850000000000</exercisePrice>
            <exercisePriceCurCd>JPY</exercisePriceCurCd>
            <expDt>2026-09-03</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-17.47</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO JPY RCV TONAR 1D PAY</name>
        <lei>N/A</lei>
        <title>SWO JPY RCV TONAR 1D PAY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N92LEU"/>
        </identifiers>
        <balance>10000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="159.105"/>
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        <pctVal>0.0001434502</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Bank Of America, N.A. (DERIV)</counterpartyName>
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                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO JPY RCV TONAR 1D PAY</name>
                    <lei>N/A</lei>
                    <title>SWO JPY RCV TONAR 1D PAY</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N92LEU_ref"/>
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                    <balance>10000000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
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                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="JPY" fixedOrFloating="Floating" floatingRtIndex="TONAR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
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                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="JPY" fixedOrFloating="Fixed" fixedRt="2.52"/>
                  <terminationDt>2036-09-07</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>JPY</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>JPY</rcptCurCd>
                  <notionalAmt>10000000</notionalAmt>
                  <curCd>JPY</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
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            <curCd>JPY</curCd>
            <exercisePrice>2.520000000000</exercisePrice>
            <exercisePriceCurCd>JPY</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>577.91</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO JPY RCV TONAR 1D PAY</name>
        <lei>N/A</lei>
        <title>SWO JPY RCV TONAR 1D PAY</title>
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          <isin value="N/A"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                    <counterpartyName>Bank Of America, N.A. (DERIV)</counterpartyName>
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                  <derivAddlInfo>
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                    <lei>N/A</lei>
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                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>JPY</rcptCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>198.45</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>SWO USD RCV 3.7 PAY SOFR</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Put</putOrCall>
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            <descRefInstrmnt>
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                <swapDeriv derivCat="SWP">
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                  <derivAddlInfo>
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                    <lei>N/A</lei>
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      <invstOrSec>
        <name>SWO USD RCV 3.707 PAY SOF</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <descRefInstrmnt>
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                    <counterpartyName>CITIBANK NA - LONDON</counterpartyName>
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                  <derivAddlInfo>
                    <name>SWO USD RCV 3.707 PAY SOF</name>
                    <lei>N/A</lei>
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                  <curCd>USD</curCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-25038.37</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>SWO USD RCV 3.85 PAY SOFR</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
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                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Goldman Sachs International</counterpartyName>
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                  <derivAddlInfo>
                    <name>SWO USD RCV 3.85 PAY SOFR</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>FXO EURUSD CALL 1.16 1009</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>FXO EURUSD PUT 1.1325 250</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FXO USDBRL PUT 5.25 31082</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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      <invstOrSec>
        <name>FXO USDCLP CALL 975 10082</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N95PSU"/>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <delta>XXXX</delta>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCLP CALL 975 10082</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9NXDF1U"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <descRefInstrmnt>
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            <delta>XXXX</delta>
            <unrealizedAppr>-23.51</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCLP CALL 975 10082</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9NXDF2U"/>
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        <balance>52000</balance>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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      <invstOrSec>
        <name>FXO USDCLP CALL 975 10082</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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      <invstOrSec>
        <name>FXO USDCNH CALL 6.74 2209</name>
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          <isin value="N/A"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Call</putOrCall>
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      <invstOrSec>
        <name>FXO USDCNH CALL 6.74 2209</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FXO USDCOP CALL 3400 1310</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FXO USDCOP CALL 3400 1310</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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        <name>IRS CLP RCV 4.7748% PAY CAMAR1D 16-SEP-2028</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IRS_CCP CZK RCV 4.31% PAY PRBOR6M 16-SEP-2028</name>
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      <invstOrSec>
        <name>IRS_CCP KRW RCV KWCDC3M PAY 4.065% 16-SEP-2031</name>
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      <invstOrSec>
        <name>IRS_CCP ZAR RCV 7.62% PAY JIBAR3M 16-SEP-2033</name>
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      <invstOrSec>
        <name>IRS_CCP MYR RCV KLIBO3M PAY 3.6% 17-SEP-2031</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS COP RCV 11.2% PAY COOVI1D 16-SEP-2028</name>
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        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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        <name>IRS COP RCV 11.2% PAY COOVI1D 16-SEP-2028</name>
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      <invstOrSec>
        <name>IRS_CCP KRW RCV 3.71% PAY KWCDC3M 17-JUN-2028</name>
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        <name>IRS_CCP ZAR RCV 7.4675% PAY JIBAR3M 16-SEP-2033</name>
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      <invstOrSec>
        <name>IRS_CCP KRW RCV 3.765% PAY KWCDC3M 26-JUN-2028</name>
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        <name>OIS_CCP INR RCV 5.9785% PAY MIBOR1D 29-JUN-2029</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS COP RCV 10.4567% PAY COOVI1D 16-SEP-2029</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS COP RCV 10.45% PAY COOVI1D 16-SEP-2029</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IRS_CCP PLN RCV WIBOR6M PAY 3.984% 16-SEP-2031</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS COP RCV 10.46875% PAY COOVI1D 16-SEP-2029</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>CITIBANK NA - LONDON</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS COP RCV 11% PAY COOVI1D 16-SEP-2028</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IRS COP RCV 11% PAY COOVI1D 16-SEP-2028</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      <invstOrSec>
        <name>EQIX RCV IBOXX $ LI PAY SOFR 1D 21-09-26</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank, N.A.</counterpartyName>
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      <invstOrSec>
        <name>IRS_CCP CZK RCV 4.231% PAY PRBOR6M 16-SEP-2031</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OIS_CCP MXN RCV MXIBTIEF1D PAY 7.66% 09-JUL-2031</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      <invstOrSec>
        <name>OIS_CCP SGD RCV SIBCS1D PAY 2.128% 16-SEP-2031</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EQIX RCV SOFR 1D PAY IBOXX USD 21-09-26</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OIS_CCP SGD RCV SIBCS1D PAY 2.13% 16-SEP-2031</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS CLP RCV 4.7748% PAY CAMAR1D 16-SEP-2028</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS_CCP CNY RCV CNRR07D PAY 1.56% 16-SEP-2031</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OIS_CCP THB RCV THBRO1D PAY 2.002% 17-JUN-2031</name>
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        <title>OIS_CCP THB RCV THBRO1D PAY 2.002% 17-JUN-2031</title>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      <invstOrSec>
        <name>OIS_CCP THB RCV THBRO1D PAY 1.9997% 17-JUN-2031</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OIS_CCP BRL RCV BZDIO1D PAY 14.035% 03-JAN-2028</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS_CCP CZK RCV 4.59% PAY PRBOR6M 17-JUN-2031</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP BRL RCV 13.8% PAY BZDIO1D 03-JAN-2028</name>
        <lei>N/A</lei>
        <title>OIS_CCP BRL RCV 13.8% PAY BZDIO1D 03-JAN-2028</title>
        <cusip>000000000</cusip>
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          <isin value="N/A"/>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Barclays Bank Plc Wholesale</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP INR RCV 6.5082% PAY MIBOR1D 17-JUN-2031</name>
        <lei>N/A</lei>
        <title>OIS_CCP INR RCV 6.5082% PAY MIBOR1D 17-JUN-2031</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N7PGJU"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <counterparties>
              <counterpartyName>Morgan Stanley &amp; Co. International PLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0" curCd="INR" fixedOrFloating="Fixed" fixedRt="6.508200000000"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 4.05% 17-DEC-2030</name>
        <lei>N/A</lei>
        <title>IRS_CCP PLN RCV WIBOR6M PAY 4.05% 17-DEC-2030</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H77U"/>
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        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
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            <swapFlag>Y</swapFlag>
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            <curCd>PLN</curCd>
            <unrealizedAppr>-382.11</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP ZAR RCV JIBAR3M PAY 6.72% 17-DEC-2026</name>
        <lei>N/A</lei>
        <title>IRS_CCP ZAR RCV JIBAR3M PAY 6.72% 17-DEC-2026</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H75U"/>
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        <balance>3917000</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="ZAR" fixedOrFloating="Floating" floatingRtIndex="3M JIBAR" floatingRtSpread="0.000000000000" pmntAmt="2043.770000000000">
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            <fixedPmntDesc amount="-1964.26" curCd="ZAR" fixedOrFloating="Fixed" fixedRt="6.720000000000"/>
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            <unrealizedAppr>435.64</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 3.95% 17-DEC-2027</name>
        <lei>N/A</lei>
        <title>IRS_CCP PLN RCV WIBOR6M PAY 3.95% 17-DEC-2027</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H73U"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>OIS_CCP MXN RCV 7.32% PAY MXIBTIEF1D 05-NOV-2030</name>
        <lei>N/A</lei>
        <title>OIS_CCP MXN RCV 7.32% PAY MXIBTIEF1D 05-NOV-2030</title>
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          <isin value="N/A"/>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 4% 17-DEC-2026</name>
        <lei>N/A</lei>
        <title>IRS_CCP PLN RCV WIBOR6M PAY 4% 17-DEC-2026</title>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H57U"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>IRS_CCP ZAR RCV JIBAR3M PAY 6.8675% 17-DEC-2030</name>
        <lei>N/A</lei>
        <title>IRS_CCP ZAR RCV JIBAR3M PAY 6.8675% 17-DEC-2030</title>
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        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>OIS_CCP BRL RCV BZDIO1D PAY 13.864% 04-JAN-2027</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP Paribas SA, Paris - Derivatives</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>IRS_CCP CZK RCV 3.89% PAY PRBOR6M 17-DEC-2030</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 3.880216% 17-DEC-2027</name>
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      <invstOrSec>
        <name>IRS_CCP HUF RCV 6.285% PAY BUBOR6M 17-DEC-2030</name>
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      <invstOrSec>
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        <name>OIS_CCP MXN RCV 6.975% PAY MXIBTIEF1D 05-NOV-2026</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.947% PAY SOFR1D 02-JUL-2029</name>
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      <invstOrSec>
        <name>OIS_CCP BRL RCV 14.01% PAY BZDIO1D 03-JAN-2028</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS_CCP CZK RCV 4.305% PAY PRBOR6M 17-JUN-2031</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IRS_CCP KRW RCV KWCDC3M PAY 3.873% 17-JUN-2036</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OIS_CCP COP RCV 11.74% PAY COOVI1D 16-SEP-2028</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>OIS_CCP BRL RCV 13.75% PAY BZDIO1D 03-JAN-2028</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS CLP RCV CAMAR1D PAY 5.415% 17-JUN-2036</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IRS CLP RCV CAMAR1D PAY 5.415% 17-JUN-2036</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS_CCP CNY RCV CNRR07D PAY 1.611% 16-SEP-2031</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 4.402% 17-JUN-2031</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 4.12% 17-JUN-2031</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 3.49% 18-MAR-2028</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS_CCP CZK RCV 3.741% PAY PRBOR6M 18-MAR-2031</name>
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      <invstOrSec>
        <name>IRS COP RCV 10.78% PAY COOVI1D 18-MAR-2028</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS COP RCV COOVI1D PAY 10.595% 18-MAR-2030</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OIS_CCP BRL RCV BZDIO1D PAY 13.695% 04-JAN-2027</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OIS_CCP MXN RCV 8% PAY MXIBTIEF1D 28-DEC-2035</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OIS_CCP MXN RCV 7.53% PAY MXIBTIEF1D 03-JAN-2031</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.228% PAY SOFR1D 11-DEC-2027</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OIS_CCP INR RCV 5.714% PAY MIBOR1D 17-DEC-2030</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS_CCP CNY RCV 1.583% PAY CNRR07D 17-DEC-2030</name>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>Morgan Stanley &amp; Co. International PLC</counterpartyName>
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      <invstOrSec>
        <name>IRS_CCP CNY RCV 1.535% PAY CNRR07D 17-DEC-2028</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>Morgan Stanley &amp; Co. International PLC</counterpartyName>
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      <invstOrSec>
        <name>OIS_CCP BRL RCV BZDIO1D PAY 13.883% 04-JAN-2027</name>
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        <title>OIS_CCP BRL RCV BZDIO1D PAY 13.883% 04-JAN-2027</title>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      <invstOrSec>
        <name>OIS_CCP BRL RCV 13.02% PAY BZDIO1D 02-JAN-2029</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.6675% PAY SOFR1D 21-JUL-2027</name>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.3855% PAY SOFR1D 07-AUG-2028</name>
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    <signature>
      <ncom:dateSigned>2026-08-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Morningstar Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>D. Scott Schilling</ncom:signature>
      <ncom:signerName>D. Scott Schilling</ncom:signerName>
      <ncom:title>Chief Compliance Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
