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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <name>Province of Ontario</name>
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        <name>CHS/Community Health Systems, Inc.</name>
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        <name>Neptune Bidco US Inc.</name>
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        <title>Neptune Bidco US Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Iris Holding, Inc. (Intertape)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RMAC Securities No. 1 PLC</name>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-12</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>VoltaGrid LLC</name>
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        <balance>661000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>664678.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26FBKBB2NRP"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>7295.84000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Bank of America, National Association</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>Newgate Funding PLC</name>
        <lei>2138006KF4KS6D5P1697</lei>
        <title>Newgate Funding PLC, Series 2006-2, Class CB</title>
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        <identifiers>
          <isin value="XS0257994888"/>
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        <balance>1009106.50000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.74700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="5428396"/>
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        <balance>3665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200856.66000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>USD versus BRL</issuerName>
                <issueTitle>USD versus BRL</issueTitle>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-109385.59000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Swedbank AB</name>
        <lei>M312WZV08Y7LYUC71685</lei>
        <title>Swedbank AB</title>
        <cusip>ZF8591991</cusip>
        <identifiers>
          <isin value="XS2759983385"/>
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        <balance>3600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3776580.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Axle &amp; Manufacturing, Inc.</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
        <title>American Axle &amp; Manufacturing, Inc.</title>
        <cusip>02406PBD1</cusip>
        <identifiers>
          <isin value="US02406PBD15"/>
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        <balance>665000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>655322.26000000</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>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
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          <other otherDesc="Internal SystemID" value="5475667"/>
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        <balance>-305360000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                    <lei>N/A</lei>
                    <title>Bank of America, National Association</title>
                    <cusip>N/A</cusip>
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                      <other otherDesc="CADIS_ID" value="2988374"/>
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                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DIR</assetCat>
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                  <otherPmntDesc fixedOrFloating="Other">Other</otherPmntDesc>
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            <delta>XXXX</delta>
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        <securityLending>
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      <invstOrSec>
        <name>Eurosail-UK NC PLC</name>
        <lei>213800HEU63KH3XHB844</lei>
        <title>Eurosail-UK NC PLC, Series 2007-1X, Class D1A</title>
        <cusip>BCC0VXRD6</cusip>
        <identifiers>
          <isin value="XS0284935094"/>
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        <balance>2800000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
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        <pctVal>0.173933567054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-13</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
        <cusip>N/A</cusip>
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        <balance>3665000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>USD versus BRL</issuerName>
                <issueTitle>USD versus BRL</issueTitle>
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            <shareNo>1.00000000</shareNo>
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      <invstOrSec>
        <name>RLGH Finance Bermuda Ltd.</name>
        <lei>549300JARQYXR76TRX40</lei>
        <title>RLGH Finance Bermuda Ltd.</title>
        <cusip>YN6819620</cusip>
        <identifiers>
          <isin value="XS3096112688"/>
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        <balance>3600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3687779.48000000</valUSD>
        <pctVal>0.225904319952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Allison Transmission, Inc.</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission, Inc.</title>
        <cusip>019736AG2</cusip>
        <identifiers>
          <isin value="US019736AG29"/>
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        <balance>698000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>647851.63000000</valUSD>
        <pctVal>0.039685800818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>UBS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5226053"/>
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        <balance>5480000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CHF" exchangeRt="0.80850000"/>
        <valUSD>83204.90000000</valUSD>
        <pctVal>0.005096927962</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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                <issuerName>CHF versus JPY</issuerName>
                <issueTitle>CHF versus JPY</issueTitle>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>170.00000000</exercisePrice>
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            <delta>XXXX</delta>
            <unrealizedAppr>-208026.28000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Starz Capital Holdings 1, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust</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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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACNR Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Rentals (North America), Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals (North America), Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <title>Goldman Sachs International</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>254900UAXEQWZ9070741</lei>
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        <cusip>36274YAE8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Harvest Midstream I, L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Credit Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Airlines Holdings, Inc.</name>
        <lei>98450079DA0B78DD6764</lei>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>JPMorgan Chase Bank, National Association</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cross 2026-NQM8 Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>31396KV58</cusip>
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          <isin value="US31396KV588"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OBX 2024-NQM12 Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Argentine Republic Government International Bond</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>Argentine Republic Government International Bond</title>
        <cusip>040114HS2</cusip>
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          <isin value="US040114HS26"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
        <cusip>3140QPRW9</cusip>
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          <isin value="US3140QPRW90"/>
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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>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HA Sustainable Infrastructure Capital, Inc.</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>HA Sustainable Infrastructure Capital, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ludgate Funding PLC</name>
        <lei>213800LADM2GPWI3P269</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sensata Technologies, Inc.</name>
        <lei>5493002MMDDCUNV7NY90</lei>
        <title>Sensata Technologies, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Navient Corp.</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>Navient Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IM Pastor 4, FTA</name>
        <lei>95980020140005262912</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
        <lei>529900XX8WXEM4FBIH80</lei>
        <title>Freddie Mac, Series 2025-DNA2, Class A1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF Mortgage Trust, Series 2017-K62, Class B</title>
        <cusip>302949AQ5</cusip>
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        <name>Citigroup Inc.</name>
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        <name>SBNA Auto Receivables Trust 2025-SF1</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>Cross 2026-NQM8 Mortgage Trust</name>
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        <name>Government National Mortgage Association</name>
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        <name>Fannie Mae REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Paramount Global</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
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          <isin value="US893647BR70"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Delphos Securities S.a.r.l. - Compartment Verdant Rock</name>
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        <cusip>DC2400489</cusip>
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          <isin value="XS3243869636"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westlake Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Claire's Holdings LLC</name>
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        <valUSD>0.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Fiesta Purchaser, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Sinclair Television Group, Inc.</name>
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        <balance>60000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
        <lei>5493000IS30HKV5IAS29</lei>
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        <curCd>USD</curCd>
        <valUSD>72784.55000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hera Financing 2024-1 DAC</name>
        <lei>635400VJTRWYKL9GM761</lei>
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        <cusip>BCC3H4L87</cusip>
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          <isin value="XS2891740362"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
        <cusip>682691AK6</cusip>
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          <isin value="US682691AK62"/>
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        <balance>191000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193238.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>31392GNQ4</cusip>
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          <isin value="US31392GNQ46"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-25</maturityDt>
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      <invstOrSec>
        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
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          <isin value="US816851BW83"/>
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        <balance>2088000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Switch ABS Issuer LLC</name>
        <lei>N/A</lei>
        <title>Switch ABS Issuer LLC, Series 2025-2A, Class A22</title>
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        <balance>2880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2799193.54000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Studio City Finance Ltd.</name>
        <lei>254900D6R731QAUIG324</lei>
        <title>Studio City Finance Ltd.</title>
        <cusip>86389QAG7</cusip>
        <identifiers>
          <isin value="US86389QAG73"/>
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        <balance>376000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>358046.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5437131"/>
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        <balance>18375000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2014010.25000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Bank of America, National Association</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>USD versus KRW</issuerName>
                <issueTitle>USD versus KRW</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5437131"/>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>1168760.25000000</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>5493000IRILHAKSCHN59</lei>
        <title>Freddie Mac, Series 2023-DNA1, Class M1</title>
        <cusip>35564KP37</cusip>
        <identifiers>
          <isin value="US35564KP373"/>
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        <balance>1099474.17000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1111142.23000000</valUSD>
        <pctVal>0.068065845910</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.71674000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Banco BBVA Argentina S.A.</name>
        <lei>579100KKDBKJFDKKD024</lei>
        <title>Banco BBVA Argentina S.A.</title>
        <cusip>P1624B102</cusip>
        <identifiers>
          <isin value="ARP125991090"/>
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        <balance>860393.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ARS" exchangeRt="1485.51400000"/>
        <valUSD>5786095.63000000</valUSD>
        <pctVal>0.354442017362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26ACKBCGV15"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-389067.86000000</valUSD>
        <pctVal>-0.02383334220</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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            <amtCurSold>12420000.00000000</amtCurSold>
            <curSold>AUD</curSold>
            <amtCurPur>8328852.00000000</amtCurPur>
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            <settlementDt>2027-01-08</settlementDt>
            <unrealizedAppr>-389067.86000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5405100"/>
        </identifiers>
        <balance>3665000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>320386.97000000</valUSD>
        <pctVal>0.019626119449</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Goldman Sachs International</counterpartyName>
              <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus KRW</issuerName>
                <issueTitle>USD versus KRW</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5405100"/>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>1310.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-02-04</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-113915.53000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Univision Communications Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications Inc.</title>
        <cusip>914906BA9</cusip>
        <identifiers>
          <isin value="US914906BA95"/>
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        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129942.05000000</valUSD>
        <pctVal>0.007959931063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>529900ZTXRUUVE8G8W08</lei>
        <title>Freddie Mac, Series 2023-HQA3, Class M2</title>
        <cusip>35564NAA1</cusip>
        <identifiers>
          <isin value="US35564NAA19"/>
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        <balance>6900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7173253.11000000</valUSD>
        <pctVal>0.439415880058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.96600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mexican Bonos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexican Bonos, Series M</title>
        <cusip>YR0988158</cusip>
        <identifiers>
          <isin value="MX0MGO0001I5"/>
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        <balance>1241000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="17.31950000"/>
        <valUSD>72189203.95000000</valUSD>
        <pctVal>4.422133458550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
        <cusip>3136FCWD4</cusip>
        <identifiers>
          <isin value="US3136FCWD41"/>
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        <balance>2601.17000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>332.79000000</valUSD>
        <pctVal>0.000020385898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Claire's Stores, Inc.</name>
        <lei>549300N5HNYXI6JY7625</lei>
        <title>Claire's Stores, Inc., Term Loan</title>
        <cusip>17958DAL1</cusip>
        <identifiers>
          <isin value="US17958DAL10"/>
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        <balance>196048.47000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14703.64000000</valUSD>
        <pctVal>0.000900708898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.16960000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>31395U5F4</cusip>
        <identifiers>
          <isin value="US31395U5F46"/>
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        <balance>252988.02000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15271.62000000</valUSD>
        <pctVal>0.000935501959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.98000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rocket Cos., Inc.</name>
        <lei>N/A</lei>
        <title>Rocket Cos., Inc.</title>
        <cusip>77311WAA9</cusip>
        <identifiers>
          <isin value="US77311WAA99"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>307638.86000000</valUSD>
        <pctVal>0.018845201519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jupiter Mortgage No.1 PLC</name>
        <lei>6354009QIELPOGEAFS09</lei>
        <title>Jupiter Mortgage No.1 PLC, Series 1A, Class ER</title>
        <cusip>BCC3D7YQ0</cusip>
        <identifiers>
          <isin value="XS2737623616"/>
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        <balance>3070000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74200000"/>
        <valUSD>4146262.82000000</valUSD>
        <pctVal>0.253989884096</pctVal>
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      <invstOrSec>
        <name>Jane Street Group / JSG Finance Inc.</name>
        <lei>5493002N1IVX6KHGYO08</lei>
        <title>Jane Street Group / JSG Finance Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Vale Overseas Ltd.</name>
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        <curCd>USD</curCd>
        <valUSD>2515968.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>USD versus MXN</issuerName>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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                <indexName>MARKIT ITRX EUR SNR FIN</indexName>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>GCAT 2024-INV3 Trust</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Muthoot Finance Ltd.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cresud S.A. Comercial Inmobiliaria Financiera y Agropecuaria</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GMR Hyderabad International Airport Ltd.</name>
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        <title>GMR Hyderabad International Airport Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of South Africa Government Bond</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa Government Bond, Series 2048</title>
        <cusip>EJ2359143</cusip>
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          <isin value="ZAG000096173"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OBX 2024-NQM12 Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
        <cusip>3136FAKM1</cusip>
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          <isin value="US3136FAKM12"/>
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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>Caturus Energy, LLC</name>
        <lei>254900LM244SIFQ1QY31</lei>
        <title>Caturus Energy, LLC</title>
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        <balance>292000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eurosail PLC</name>
        <lei>213800PBNX9J895VX562</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>RMAC Securities No. 1 PLC</name>
        <lei>213800C48M2JTBGZT736</lei>
        <title>RMAC Securities No. 1 PLC, Series 2006-NS4X, Class A3</title>
        <cusip>BCC0UJFM1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs</title>
        <cusip>31359SVH0</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>British Telecommunications Ltd.</name>
        <lei>549300OWFMSO9NYV4H90</lei>
        <title>British Telecommunications Ltd.</title>
        <cusip>11102AAF8</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <fairValLevel>2</fairValLevel>
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        <name>Cloud Software Group, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CVS Health Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AES Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alba PLC</name>
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        <name>Fannie Mae Connecticut Avenue Securities</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pampa Energia S.A.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gaia Purchaser, Inc.</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>CVR Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Venture Global Plaquemines LNG, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mexican Udibonos</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>UBS Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Interest STRIPS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Residential Mortgage Loan Trust 2024-NQM5</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oak-Eagle AcquireCo, Inc.</name>
        <lei>6488ICS9P20290MA1H31</lei>
        <title>Oak-Eagle AcquireCo, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Intercontinental Exchange Inc</counterpartyName>
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                <indexName>BNP FRN 13 APR 2017 EMTN</indexName>
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            <swapFlag>Y</swapFlag>
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        <name>Advance Auto Parts, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FedEx Freight Holding Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alba PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Lightpath Fiber Issuer LLC</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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              <otherRefInst>
                <issuerName>EUR versus USD</issuerName>
                <issueTitle>EUR versus USD</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5447053"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-441182.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26FOKBCRF2F"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-63992.72000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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            <amtCurSold>9595000.00000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>11019303.87000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-09-16</settlementDt>
            <unrealizedAppr>-63992.72000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CD Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CD Mortgage Trust, Series 2017-CD6, Class XA</title>
        <cusip>125039AG2</cusip>
        <identifiers>
          <isin value="US125039AG28"/>
        </identifiers>
        <balance>3708079.54000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26396.71000000</valUSD>
        <pctVal>0.001616997668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.85615300</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>International Finance Corp.</name>
        <lei>QKL54NQY28TCDAI75F60</lei>
        <title>International Finance Corp.</title>
        <cusip>BV9969148</cusip>
        <identifiers>
          <isin value="XS2471908645"/>
        </identifiers>
        <balance>1084680000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="17.31950000"/>
        <valUSD>5861950.29000000</valUSD>
        <pctVal>0.359088687661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-26</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FTAI Aviation Investors LLC</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FTAI Aviation Investors LLC</title>
        <cusip>34960PAH4</cusip>
        <identifiers>
          <isin value="US34960PAH47"/>
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        <balance>327000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>322989.80000000</valUSD>
        <pctVal>0.019785562427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carrix, Inc.</name>
        <lei>EC2837NM50M2I72ZCF05</lei>
        <title>Carrix, Inc.</title>
        <cusip>144567AA2</cusip>
        <identifiers>
          <isin value="US144567AA25"/>
        </identifiers>
        <balance>372000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>371211.85000000</valUSD>
        <pctVal>0.022739526858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs</title>
        <cusip>31392GCE3</cusip>
        <identifiers>
          <isin value="US31392GCE35"/>
        </identifiers>
        <balance>29950.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29965.29000000</valUSD>
        <pctVal>0.001835600120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.23056000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5450969"/>
        </identifiers>
        <balance>-18275000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-340024.65000000</valUSD>
        <pctVal>-0.02082907552</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Goldman Sachs International</counterpartyName>
              <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus BRL</issuerName>
                <issueTitle>USD versus BRL</issueTitle>
                <identifiers>
                  <other otherDesc="CADIS_ID" value="5450969"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>5.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-12-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>293569.60000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orazul Energy Peru S.A.</name>
        <lei>N/A</lei>
        <title>Orazul Energy Peru S.A.</title>
        <cusip>685948AA9</cusip>
        <identifiers>
          <isin value="US685948AA92"/>
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        <balance>1359000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1353263.65000000</valUSD>
        <pctVal>0.082897609856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nissan Motor Co., Ltd.</name>
        <lei>353800DRBDH1LUTNAY26</lei>
        <title>Nissan Motor Co., Ltd.</title>
        <cusip>654744AD3</cusip>
        <identifiers>
          <isin value="US654744AD34"/>
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        <balance>520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>482164.73000000</valUSD>
        <pctVal>0.029536227973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.81000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Egypt Government International Bond</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government International Bond</title>
        <cusip>03846JAH3</cusip>
        <identifiers>
          <isin value="US03846JAH32"/>
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        <balance>2415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2547776.00000000</valUSD>
        <pctVal>0.156070504701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>3133TDQN9</cusip>
        <identifiers>
          <isin value="US3133TDQN92"/>
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        <balance>4955.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192.71000000</valUSD>
        <pctVal>0.000011804941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>31397L5D7</cusip>
        <identifiers>
          <isin value="US31397L5D76"/>
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        <balance>30231.95000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1217.80000000</valUSD>
        <pctVal>0.000074599439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.31944000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>3133TDBM7</cusip>
        <identifiers>
          <isin value="US3133TDBM74"/>
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        <balance>622.64000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21.06000000</valUSD>
        <pctVal>0.000001290083</pctVal>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AECOM</name>
        <lei>0EEB8GF0W0NPCIHZX097</lei>
        <title>AECOM</title>
        <cusip>00766TAE0</cusip>
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          <isin value="US00766TAE01"/>
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        <balance>481000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>478774.27000000</valUSD>
        <pctVal>0.029328536714</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Directv Financing, LLC</name>
        <lei>N/A</lei>
        <title>Directv Financing, LLC</title>
        <cusip>254945AA6</cusip>
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          <isin value="US254945AA66"/>
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        <balance>156000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159023.12000000</valUSD>
        <pctVal>0.009741366037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LCH CLEARNET (US) LLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5461527"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
        <valUSD>-802572.44000000</valUSD>
        <pctVal>-0.04916361790</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LCH CLEARNET (US) LLC</counterpartyName>
              <counterpartyLei>WAM6YERMS7OXFZUOY219</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="2.70400000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="EUR006M" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
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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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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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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>Federal National Mortgage Association</title>
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          <isin value="US3140QVK379"/>
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        <balance>5192906.58000000</balance>
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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>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ONEOK, Inc.</name>
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        <title>ONEOK, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLT 2024-INV1 Mortgage Loan Trust</name>
        <lei>213800D3JCL6LSBI3544</lei>
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        <cusip>12672RAC6</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Prairie ECI Acquiror L.P.</name>
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        <title>Prairie ECI Acquiror L.P., Term Loan B</title>
        <cusip>73955HAG9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Clarios Global L.P./ Clarios US Finance Co.</name>
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        <title>Clarios Global L.P./ Clarios US Finance Co.</title>
        <cusip>18060TAD7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs</title>
        <cusip>31392KGA8</cusip>
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        <balance>21178.95000000</balance>
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        <valUSD>21398.90000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Murray Energy Corp.</name>
        <lei>549300WM5IIFYHZYTT63</lei>
        <title>Murray Energy Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="2598737"/>
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        <balance>1116.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>WaMu Mortgage Pass-Through Ctfs. Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>RMAC Securities No. 1 PLC</name>
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        <cusip>BCC0YPXG6</cusip>
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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>BRAVO Residential Funding Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>1608672.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Newgate Funding PLC</name>
        <lei>2138006KF4KS6D5P1697</lei>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <curCd>N/A</curCd>
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        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CME Group Inc.</title>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>EUR versus HUF</issuerName>
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      <invstOrSec>
        <name>Rate Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Rate Mortgage Trust, Series 2024-J3, Class A2</title>
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          <isin value="US75409UAB89"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
        <cusip>BP3850578</cusip>
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          <isin value="DE000DL19VZ9"/>
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        <balance>5000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>5493000IS4M3TZMRB410</lei>
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        <curCd>USD</curCd>
        <valUSD>7094150.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Funding 2024 - Granite 6 PLC</name>
        <lei>635400ZB5U3EBVBSFK52</lei>
        <title>Towd Point Mortgage Funding 2024 - Granite 6 PLC, Series 2024-GR6X, Class F</title>
        <cusip>BCC3FHZW2</cusip>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pavillion Consumer 2025-1 PLC</name>
        <lei>213800XK4G6W1NHSJJ12</lei>
        <title>Pavillion Consumer 2025-1 PLC, Series 2025-1A, Class D</title>
        <cusip>BCC3PRM86</cusip>
        <identifiers>
          <isin value="XS3185375345"/>
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        <balance>3600000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74200000"/>
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        <pctVal>0.296774565708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>SC Germany S.A. Compartment Consumer Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.07000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Caturus Energy, LLC</name>
        <lei>254900LM244SIFQ1QY31</lei>
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        <cusip>149482AA9</cusip>
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          <isin value="US149482AA91"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank, N.A.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Morgan Stanley Bank, National Association</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>USD versus KRW</issuerName>
                <issueTitle>USD versus KRW</issueTitle>
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      <invstOrSec>
        <name>MFA 2026-INVR1 Trust</name>
        <lei>254900VNM4GQ52EHDS81</lei>
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        <cusip>58003NAE4</cusip>
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          <isin value="US58003NAE40"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.38700000</annualizedRt>
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        <name>NESCO Holdings II, Inc.</name>
        <lei>254900FAHT0HW9T6L409</lei>
        <title>NESCO Holdings II, Inc.</title>
        <cusip>64083YAA9</cusip>
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          <isin value="US64083YAA91"/>
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        <balance>488000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>484922.96000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Argentina Treasury Bond BONTE</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>Argentina Treasury Bond BONTE</title>
        <cusip>N/A</cusip>
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          <isin value="AR0193433734"/>
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        <balance>10335000000.00000000</balance>
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        <currencyConditional curCd="ARS" exchangeRt="1485.51400000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>29.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Repsol E&amp;P Capital Markets US LLC</name>
        <lei>894500D0J12FRZ3Q0M15</lei>
        <title>Repsol E&amp;P Capital Markets US LLC</title>
        <cusip>76026AAB3</cusip>
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          <isin value="US76026AAB35"/>
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        <curCd>USD</curCd>
        <valUSD>1392191.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20400000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LCH CLEARNET (US) LLC</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="5442471"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42120000"/>
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        <pctVal>0.012682366533</pctVal>
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        <assetCat>DIR</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>LCH CLEARNET (US) LLC</counterpartyName>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>AUD</rcptCurCd>
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      <invstOrSec>
        <name>Asurion LLC/ Asurion Co-Issuer Inc.</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion LLC/ Asurion Co-Issuer Inc.</title>
        <cusip>045941AB7</cusip>
        <identifiers>
          <isin value="US045941AB79"/>
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        <balance>160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145902.02000000</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>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Banco de Credito e Inversiones S.A.</name>
        <lei>549300E9E5Y3PKW24142</lei>
        <title>Banco de Credito e Inversiones S.A.</title>
        <cusip>05890MAC7</cusip>
        <identifiers>
          <isin value="US05890MAC73"/>
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        <balance>1725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1819288.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Weir Group Inc.</name>
        <lei>2138009WEPEV2V98AV65</lei>
        <title>Weir Group Inc.</title>
        <cusip>94877DAA2</cusip>
        <identifiers>
          <isin value="US94877DAA28"/>
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        <balance>1568000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1571896.64000000</valUSD>
        <pctVal>0.096290530228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain Inc.</title>
        <cusip>46284VAR2</cusip>
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        <balance>141000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>139401.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5450970"/>
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        <balance>7310000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>836717.22000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Goldman Sachs International</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>USD versus BRL</issuerName>
                <issueTitle>USD versus BRL</issueTitle>
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      <invstOrSec>
        <name>Solventum Corp.</name>
        <lei>254900I70403OSGY4M28</lei>
        <title>Solventum Corp.</title>
        <cusip>83444MAN1</cusip>
        <identifiers>
          <isin value="US83444MAN11"/>
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        <balance>1556000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1563163.89000000</valUSD>
        <pctVal>0.095755583396</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fideicomiso Dorrego y Libertador</name>
        <lei>N/A</lei>
        <title>Fideicomiso Dorrego y Libertador</title>
        <cusip>BCC39CJP3</cusip>
        <identifiers>
          <isin value="AREQUI490WP8"/>
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        <balance>83227881.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ARS" exchangeRt="1485.51400000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue Securities</name>
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        <name>Pavillion Consumer 2025-1 PLC</name>
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        <name>VMED 02 UK Financing I PLC</name>
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        <name>Osaic Holdings, Inc.</name>
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        <name>Freddie Mac REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <name>Newell Brands Inc.</name>
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        <name>Celanese US Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cheniere Energy, Inc.</name>
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        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Auburn 15 PLC</name>
        <lei>635400AVCSC2I7SWKL40</lei>
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        <name>Verizon Communications Inc.</name>
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        <name>Discovery Global Holdings, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bristow Group Inc.</name>
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        <name>Fannie Mae Grantor Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal SystemID" value="4272677"/>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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      <invstOrSec>
        <name>Athora Netherlands N.V.</name>
        <lei>724500MKKXKEVWMN9E13</lei>
        <title>Athora Netherlands N.V.</title>
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          <isin value="XS2929365083"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>EnPro Inc.</name>
        <lei>549300Y5CFT2LKCFDN54</lei>
        <title>EnPro Inc.</title>
        <cusip>29355XAH0</cusip>
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          <isin value="US29355XAH08"/>
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        <balance>318000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>319369.31000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Horizon Mutual Holdings, Inc.</name>
        <lei>254900R6BWV4LUXBN549</lei>
        <title>Horizon Mutual Holdings, Inc.</title>
        <cusip>43990FAA6</cusip>
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          <isin value="US43990FAA66"/>
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        <balance>341000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>322145.16000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
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      <invstOrSec>
        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp.</title>
        <cusip>857477CS0</cusip>
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          <isin value="US857477CS03"/>
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        <balance>8733000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8872824.06000000</valUSD>
        <pctVal>0.543527425163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.45000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Navoiy Kon-Metallurgiya Kombinati Aksiyadorlik Jamiyati</name>
        <lei>213800YLNAGERZ4C3M60</lei>
        <title>Navoiy Kon-Metallurgiya Kombinati Aksiyadorlik Jamiyati</title>
        <cusip>63890CAA2</cusip>
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          <isin value="US63890CAA27"/>
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        <balance>1380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1409285.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>UZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Deutsche Bank Aktiengesellschaft</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TMF Trust Co. (Argentina) S.A.</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Gray Media, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Media, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
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          <isin value="US3136FAHB93"/>
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        <curCd>USD</curCd>
        <valUSD>7440.51000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>EUR versus INR</issuerName>
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        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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      <invstOrSec>
        <name>FedEx Freight Holding Co., Inc.</name>
        <lei>984500Y1DA5A58ICE336</lei>
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          <isin value="US314352AC96"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Mortgage Loan Trust</name>
        <lei>N/A</lei>
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          <isin value="US17292BAK26"/>
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        <balance>1264498.70000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chile Electricity Lux MPC II S.a.r.l.</name>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <indexBasketInfo>
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        <name>Minerva Luxembourg S.A.</name>
        <lei>222100NM3G3RCPGZ2Z17</lei>
        <title>Minerva Luxembourg S.A.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</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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        <name>Mars, Inc.</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>Mars, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>VCI COMPUTE II LLC</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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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3136FAXJ46"/>
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        <balance>92978.18000000</balance>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-25</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3136FCCL86"/>
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        <balance>72069.29000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bath &amp; Body Works, Inc.</name>
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        <title>Bath &amp; Body Works, Inc.</title>
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          <isin value="US501797AL82"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Magnera Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <otherRefInst>
                <issuerName>USD versus CLP</issuerName>
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      <invstOrSec>
        <name>Rithm Capital Corp.</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>Rithm Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bread Financial Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Par Petroleum, LLC</name>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Yondr JK 1, LLC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
        <cusip>3140QRR47</cusip>
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          <isin value="US3140QRR471"/>
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        <balance>12433676.85000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12386157.58000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Standard Life PLC</name>
        <lei>2138001P49OLAEU33T68</lei>
        <title>Standard Life PLC</title>
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          <isin value="XS1802140894"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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            <dbtSecRefInstrument>
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                <ticker value="GUKG5"/>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Discovery Global Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>Discovery Global Holdings, Inc.</title>
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          <isin value="US254948AS14"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VB-S1 Issuer LLC</name>
        <lei>N/A</lei>
        <title>VB-S1 Issuer LLC, Series 2026-1A, Class C2</title>
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        <identifiers>
          <isin value="US91825HAA23"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6791626.10000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.69300000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EchoStar Corp.</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>EchoStar Corp.</title>
        <cusip>278768AA4</cusip>
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          <isin value="US278768AA44"/>
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        <balance>485000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>492493.25000000</valUSD>
        <pctVal>0.030168927758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <otherRefInst>
                <issuerName>USD versus ZAR</issuerName>
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      <invstOrSec>
        <name>CVR Energy, Inc.</name>
        <lei>529900SOYZIXZBTXB558</lei>
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          <isin value="US12662PAH10"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain Inc.</title>
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          <isin value="US46284VAP67"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-08-20</maturityDt>
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        <name>Aeropuertos Dominicanos Siglo XXI, S.A.</name>
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        <title>Aeropuertos Dominicanos Siglo XXI, S.A.</title>
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          <isin value="US007866AE69"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Whirlpool Corp.</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>Whirlpool Corp.</title>
        <cusip>963320BF2</cusip>
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          <isin value="US963320BF20"/>
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        <curCd>USD</curCd>
        <valUSD>488165.61000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>31393AHH3</cusip>
        <identifiers>
          <isin value="US31393AHH32"/>
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        <balance>18326.42000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2417.60000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-25</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TMF Trust Co. (Argentina) S.A.</name>
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          <other otherDesc="Internal SystemID" value="4235549"/>
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        <balance>395904.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>379429.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-07</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Carrix Holdings, LLC</name>
        <lei>EC2837NM50M2I72ZCF05</lei>
        <title>Carrix Holdings, LLC, Delayed Draw Term Loan</title>
        <cusip>14456PAN4</cusip>
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          <ticker value="CARRIX"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74906.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26FBKBBX5QW"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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          <isin value="US3136BUWY22"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank, N.A.</title>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>USD versus CLP</issuerName>
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      <invstOrSec>
        <name>Excelerate Energy L.P.</name>
        <lei>LGL4IE90TNTFYJ55BK06</lei>
        <title>Excelerate Energy L.P.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>BNP Paribas</title>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>BNP PARIBAS SECURITIES CORP.</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                    <lei>N/A</lei>
                    <title>BNP Paribas</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <other otherDesc="CADIS_ID" value="1203360"/>
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                    <units>NC</units>
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        <name>Hannover Rueck SE</name>
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        <name>Fannie Mae REMICs</name>
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        <name>Beignet Investor LLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26FPKBCG41S"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>99765.48000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs</title>
        <cusip>31392CE67</cusip>
        <identifiers>
          <isin value="US31392CE671"/>
        </identifiers>
        <balance>22787.37000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23036.86000000</valUSD>
        <pctVal>0.001411181503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.73056000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26FBKBBXGNS"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-2838.20000000</valUSD>
        <pctVal>-0.00017386116</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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            <amtCurSold>3400000.00000000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>4579409.34000000</amtCurPur>
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            <unrealizedAppr>-2838.20000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5223015"/>
        </identifiers>
        <balance>-36500000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-850450.00000000</valUSD>
        <pctVal>-0.05209647972</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Goldman Sachs International</counterpartyName>
              <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus CLP</issuerName>
                <issueTitle>USD versus CLP</issueTitle>
                <identifiers>
                  <other otherDesc="CADIS_ID" value="5223015"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
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            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-01-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-67525.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5535850"/>
        </identifiers>
        <balance>-7285000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
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        <pctVal>-0.00029546106</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>Goldman Sachs International</counterpartyName>
              <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Goldman Sachs International</counterpartyName>
                    <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
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                  <derivAddlInfo>
                    <name>N/A</name>
                    <lei>N/A</lei>
                    <title>Goldman Sachs International</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <other otherDesc="CADIS_ID" value="1203360"/>
                    </identifiers>
                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerConditional desc="N/A" issuerCat="OTHER"/>
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                  <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
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                      <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
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            <delta>XXXX</delta>
            <unrealizedAppr>10398.99000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hiscox Ltd.</name>
        <lei>5493007JXOLJ0QCY2D70</lei>
        <title>Hiscox Ltd.</title>
        <cusip>YN0550619</cusip>
        <identifiers>
          <isin value="XS3085134594"/>
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        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1874742.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Societe Generale</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale</title>
        <cusip>83370RAC2</cusip>
        <identifiers>
          <isin value="US83370RAC25"/>
        </identifiers>
        <balance>3700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3858115.80000000</valUSD>
        <pctVal>0.236338704856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BNP Paribas</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5469947"/>
        </identifiers>
        <balance>-182205000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1423981.27000000</valUSD>
        <pctVal>-0.08722959769</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>BNP PARIBAS SECURITIES CORP.</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>BNP PARIBAS SECURITIES CORP.</counterpartyName>
                    <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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                  <derivAddlInfo>
                    <name>N/A</name>
                    <lei>N/A</lei>
                    <title>BNP Paribas</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <other otherDesc="CADIS_ID" value="2988374"/>
                    </identifiers>
                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerConditional desc="N/A" issuerCat="OTHER"/>
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                  <otherRecDesc fixedOrFloating="Other">Other</otherRecDesc>
                  <otherPmntDesc fixedOrFloating="Other">Other</otherPmntDesc>
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                  <upfrontRcpt>0.00000000</upfrontRcpt>
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            <shareNo>1.00000000</shareNo>
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            <expDt>2026-10-13</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-490180.64000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GFL Environmental Holdings (US), Inc.</name>
        <lei>N/A</lei>
        <title>GFL Environmental Holdings (US), Inc.</title>
        <cusip>36273TAA8</cusip>
        <identifiers>
          <isin value="US36273TAA88"/>
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        <balance>28000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25936.59000000</valUSD>
        <pctVal>0.001588811846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BPCE S.A.</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE S.A.</title>
        <cusip>ZM4787812</cusip>
        <identifiers>
          <isin value="FR001400FB22"/>
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        <balance>8700000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
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        <pctVal>0.635694264037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
        <cusip>31385XQT7</cusip>
        <identifiers>
          <isin value="US31385XQT71"/>
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        <balance>3906.30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4006.04000000</valUSD>
        <pctVal>0.000245400178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26GOKBBWQ41"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-31477.60000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LCH CLEARNET (US) LLC</title>
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          <other otherDesc="Internal SystemID" value="5466388"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220145.66000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>LCH CLEARNET (US) LLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <notionalAmt>139650000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>220145.66000000</unrealizedAppr>
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      <invstOrSec>
        <name>UBS Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco del Estado de Chile</name>
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          <isin value="US05957AAC36"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
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          <isin value="US31395VZ513"/>
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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>Level 3 Financing, Inc.</name>
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        <title>Level 3 Financing, Inc.</title>
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          <isin value="US527298CQ43"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal FX Forward Identifier" value="26GSKBCDQLD"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal FX Forward Identifier" value="26FBKBBZH43"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>3137HMMH0</cusip>
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          <isin value="US3137HMMH02"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Northriver Midstream Finance L.P.</name>
        <lei>549300SOLNLY3BL6GF18</lei>
        <title>Northriver Midstream Finance L.P.</title>
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          <isin value="US66679NAB64"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Nationstar Mortgage Holdings LLC</name>
        <lei>N/A</lei>
        <title>Nationstar Mortgage Holdings LLC</title>
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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>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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          <isin value="US36208PTH19"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>APLD ComputeCo 2 LLC</name>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
        <lei>5493000PGBS1C22ELQ16</lei>
        <title>Element Fleet Management Corp.</title>
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      <invstOrSec>
        <name>CoreWeave, Inc.</name>
        <lei>984500511DP2B6186053</lei>
        <title>CoreWeave, Inc.</title>
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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>Lithia Motors, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bridgegate Funding PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Greystar Real Estate Partners, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Invesco Private Prime Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ares Capital Corp.</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>GS Mortgage-Backed Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac STRIPS</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Alhambra SME Funding DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CROWN Americas LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
        <lei>254900GRN1I3WMM1H095</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sunoco L.P.</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco L.P.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DaVita Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DaVita Inc.</title>
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          <isin value="US23918KAY47"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group PLC</title>
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          <isin value="US92857WBW91"/>
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        <balance>688000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>631048.05000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>31393FG91</cusip>
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          <isin value="US31393FG917"/>
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        <balance>14205.05000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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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>Federal National Mortgage Association</title>
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          <isin value="US3140XKNH99"/>
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        <balance>12870154.85000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
        <cusip>3136FAA83</cusip>
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          <isin value="US3136FAA839"/>
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        <balance>110139.91000000</balance>
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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>Telecommunications Co. Telekom Srbija Akcionarsko drustvo, Belgrade</name>
        <lei>254900OVY0XI1DFYC092</lei>
        <title>Telecommunications Co. Telekom Srbija Akcionarsko drustvo, Belgrade</title>
        <cusip>87945BAA8</cusip>
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          <isin value="US87945BAA89"/>
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        <balance>1877000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>RS</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Deutsche Bank Aktiengesellschaft</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="5429561"/>
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        <balance>3665000.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.42120000"/>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>AUD versus USD</issuerName>
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      <invstOrSec>
        <name>RCKT Mortgage Trust</name>
        <lei>N/A</lei>
        <title>RCKT Mortgage Trust, Series 2026-CES1, Class A1A</title>
        <cusip>74939BAA4</cusip>
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          <isin value="US74939BAA44"/>
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        <balance>1393480.58000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Auburn 15 PLC</name>
        <lei>635400AVCSC2I7SWKL40</lei>
        <title>Auburn 15 PLC, Series E</title>
        <cusip>BCC3FPSY8</cusip>
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          <isin value="XS2813765786"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.74200000"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>31392AZY7</cusip>
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          <isin value="US31392AZY71"/>
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        <balance>1065.78000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87.78000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Deutsche Bank Aktiengesellschaft</title>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>USD versus ZAR</issuerName>
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      <invstOrSec>
        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
        <cusip>3136FCHZ2</cusip>
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          <isin value="US3136FCHZ28"/>
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        <balance>33723.80000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4283.35000000</valUSD>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Oceaneering International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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        <name>Muthoot Finance Ltd.</name>
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        <name>Freddie Mac REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jane Street Group / JSG Finance Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VCI ASSET HOLDINGS 2 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Reinsurance Group of America, Inc.</name>
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        <name>Freeport-McMoRan Inc.</name>
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        <name>MGM China Holdings Ltd.</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Core &amp; Main L.P.</name>
        <lei>549300ZSLF8Q660SCD17</lei>
        <title>Core &amp; Main L.P.</title>
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          <isin value="US21867FAC86"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
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          <other otherDesc="Internal SystemID" value="5448411"/>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Bank of America, National Association</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>EUR versus HUF</issuerName>
                <issueTitle>EUR versus HUF</issueTitle>
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            <shareNo>1.00000000</shareNo>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="WNU6"/>
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        <balance>-32.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>81903.01000000</valUSD>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Board of Trade of the City of Chicago, Inc.</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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                <issuerName>U.S. Treasury Notes/Bonds</issuerName>
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                  <cusip value="912810TL2"/>
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            <expDate>2026-09-21</expDate>
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            <unrealizedAppr>81903.01000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Telefonica Europe, B.V.</name>
        <lei>7245007FZS0M65WUGP67</lei>
        <title>Telefonica Europe, B.V.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2646608401"/>
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        <balance>3600000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
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        <pctVal>0.274494286057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26FBKBBXL9S"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-2488.32000000</valUSD>
        <pctVal>-0.00015242837</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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            <amtCurSold>2980854.22000000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>4014868.13000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-09-16</settlementDt>
            <unrealizedAppr>-2488.32000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Airlines 2026-1 Class B Pass Through Trust</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
        <title>American Airlines 2026-1 Class B Pass Through Trust, Series B</title>
        <cusip>02380KAA9</cusip>
        <identifiers>
          <isin value="US02380KAA97"/>
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        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>152640.40000000</valUSD>
        <pctVal>0.009350376275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Global Aircraft Leasing Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Global Aircraft Leasing Co., Ltd.</title>
        <cusip>37960JAC2</cusip>
        <identifiers>
          <isin value="US37960JAC27"/>
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        <balance>943000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>959195.08000000</valUSD>
        <pctVal>0.058757936428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs</title>
        <cusip>31393JC55</cusip>
        <identifiers>
          <isin value="US31393JC553"/>
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        <balance>2734.58000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2734.90000000</valUSD>
        <pctVal>0.000167533261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.24000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs</title>
        <cusip>31392EQ29</cusip>
        <identifiers>
          <isin value="US31392EQ291"/>
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        <balance>7003.95000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7080.67000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.73056000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lancashire Holdings Ltd.</name>
        <lei>5493002UNUYXLHOWF752</lei>
        <title>Lancashire Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2312752400"/>
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        <balance>3700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3608022.03000000</valUSD>
        <pctVal>0.221018574316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Venture Global Plaquemines LNG, LLC</name>
        <lei>549300TKP4I6OJ02BF90</lei>
        <title>Venture Global Plaquemines LNG, LLC</title>
        <cusip>922966AC0</cusip>
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          <isin value="US922966AC03"/>
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        <balance>121000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124913.26000000</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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          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>CHF versus JPY</issuerName>
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      <invstOrSec>
        <name>Seagate Data Storage Technology Pte. Ltd.</name>
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        <title>Seagate Data Storage Technology Pte. Ltd.</title>
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        <curCd>USD</curCd>
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        <invCountry>SG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Harvest Funding PLC</name>
        <lei>635400GYAAYKXXRBNI54</lei>
        <title>Harvest Funding PLC</title>
        <cusip>BCC3TQWX8</cusip>
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          <isin value="XS3317472036"/>
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        <balance>1770000.00000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>3136BUPP9</cusip>
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        <balance>31162891.36000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1414929.27000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.18392000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26GQKBCCW37"/>
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        <balance>1.00000000</balance>
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        <name>OBX Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave Compute Acquisition Co. VIII, LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Directv Financing LLC / Directv Financing Co-Obligor Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Genesis Energy L.P./ Genesis Energy Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cushman &amp; Wakefield U.S. Borrower, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dominican Republic International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>RCKT Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Forvia SE</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eurosail PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sunoco L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wynn Macau, Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vantage Data Centers Issuer, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue Securities</name>
        <lei>N/A</lei>
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          <isin value="US20755CAB46"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp. /Six Flags Theme Parks Inc./ Canada's Wonderland Co.</name>
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        <title>Six Flags Entertainment Corp. /Six Flags Theme Parks Inc./ Canada's Wonderland Co.</title>
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          <isin value="US83002YAA73"/>
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        <balance>160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>161353.44000000</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>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>Goldman Sachs International</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Intercontinental Exchange Inc</counterpartyName>
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                    <name>N/A</name>
                    <lei>N/A</lei>
                    <title>Intercontinental Exchange, Inc.</title>
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                      <other otherDesc="CADIS_ID" value="5315668"/>
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                    <pctVal>N/A</pctVal>
                    <assetCat>DCR</assetCat>
                    <issuerConditional desc="N/A" issuerCat="OTHER"/>
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                    <indexBasketInfo>
                      <indexName>N/A</indexName>
                      <indexIdentifier>N/A</indexIdentifier>
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                  <upfrontRcpt>0.00000000</upfrontRcpt>
                  <rcptCurCd>EUR</rcptCurCd>
                  <notionalAmt>38500000.00000000</notionalAmt>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>85783.79000000</unrealizedAppr>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs</title>
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          <isin value="US3133TTX300"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Carvana Co.</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>Carvana Co.</title>
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          <isin value="US146869AM47"/>
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        <balance>451590.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>497051.32000000</valUSD>
        <pctVal>0.030448143940</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>International Finance Corp.</name>
        <lei>QKL54NQY28TCDAI75F60</lei>
        <title>International Finance Corp.</title>
        <cusip>AM4724424</cusip>
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          <isin value="XS1566184385"/>
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        <balance>10300000.00000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="47.51880000"/>
        <valUSD>89583.47000000</valUSD>
        <pctVal>0.005487663505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
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        <balance>-728820000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>Goldman Sachs International</counterpartyName>
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                    <counterpartyName>Goldman Sachs International</counterpartyName>
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                    <name>N/A</name>
                    <lei>N/A</lei>
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                    <cusip>N/A</cusip>
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                      <other otherDesc="CADIS_ID" value="2988374"/>
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                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DIR</assetCat>
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                  <otherPmntDesc fixedOrFloating="Other">Other</otherPmntDesc>
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                  <upfrontRcpt>0.00000000</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>41805.12000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Deutsche Bank Aktiengesellschaft</title>
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          <other otherDesc="Internal SystemID" value="5537639"/>
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        <balance>7285000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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                <issuerName>USD versus JPY</issuerName>
                <issueTitle>USD versus JPY</issueTitle>
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      <invstOrSec>
        <name>Volkswagen International Finance N.V.</name>
        <lei>5299004PWNHKYTR23649</lei>
        <title>Volkswagen International Finance N.V.</title>
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          <isin value="XS3071332962"/>
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        <balance>3700000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>M&amp;G PLC</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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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                    <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Global Partners L.P./ GLP Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sempra</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Southern Co. (The)</name>
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        <name>Hera Financing 2024-1 DAC</name>
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        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OBX Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer L.P.</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer L.P.</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>Core Scientific Finance I LLC</name>
        <lei>N/A</lei>
        <title>Core Scientific Finance I LLC</title>
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          <isin value="US21874LAA08"/>
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        <balance>164000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BPCE S.A.</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE S.A., Series NC5.</title>
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          <isin value="FR0014005V34"/>
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        <balance>3000000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>31397TEH1</cusip>
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          <isin value="US31397TEH14"/>
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        <balance>116486.12000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7199.79000000</valUSD>
        <pctVal>0.000441041464</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.33000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>5493000IRJ8RDHSNEL96</lei>
        <title>Freddie Mac, Series 2022-HQA3, Class M2</title>
        <cusip>35564KE70</cusip>
        <identifiers>
          <isin value="US35564KE708"/>
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        <balance>3745000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3910698.27000000</valUSD>
        <pctVal>0.239559777914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.96600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sabine Oil &amp; Gas Holdings, Inc.</name>
        <lei>2MNR4Q42DBL85U7RD221</lei>
        <title>Sabine Oil &amp; Gas Holdings, Inc.</title>
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        <identifiers>
          <isin value="US78532M1045"/>
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        <balance>2510.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>175.70000000</valUSD>
        <pctVal>0.000010762950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26GIKBB98DB"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>25218.50000000</valUSD>
        <pctVal>0.001544823415</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>HSBC BANK USA, NATIONAL ASSOCIATION</counterpartyName>
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            <amtCurPur>2546633.29000000</amtCurPur>
            <curPur>EUR</curPur>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>S &amp; S Holdings, L.L.C.</name>
        <lei>N/A</lei>
        <title>S &amp; S Holdings, L.L.C.</title>
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          <isin value="US78525CAA36"/>
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        <balance>169000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>163339.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs</title>
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          <isin value="US31392RNB32"/>
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        <balance>21409.38000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21640.06000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Allison Transmission, Inc.</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission, Inc.</title>
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        <balance>164000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161688.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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                    <lei>N/A</lei>
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        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>25490076N7JFR2Y3CU63</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sunoco L.P.</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco L.P.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Goldman Sachs International</counterpartyName>
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                  <derivAddlInfo>
                    <name>N/A</name>
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                    <cusip>N/A</cusip>
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                      <other otherDesc="CADIS_ID" value="1203360"/>
                    </identifiers>
                    <balance>1.00000000</balance>
                    <units>NC</units>
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                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerConditional desc="N/A" issuerCat="OTHER"/>
                  </derivAddlInfo>
                  <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
                  <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ICE LIBOR USD 3 MONTH ICE LIBOR USD 3 MONTH" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
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                      <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
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                  </floatingPmntDesc>
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                  <upfrontRcpt>0.00000000</upfrontRcpt>
                  <rcptCurCd>EUR</rcptCurCd>
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                  <curCd>EUR</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>3.18000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2027-05-28</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>720500.76000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ecopetrol S.A.</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol S.A.</title>
        <cusip>279158AT6</cusip>
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          <isin value="US279158AT64"/>
        </identifiers>
        <balance>4600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4879647.80000000</valUSD>
        <pctVal>0.298915248009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5415810"/>
        </identifiers>
        <balance>36800000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>218702.40000000</valUSD>
        <pctVal>0.013397172258</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Bank of America, National Association</counterpartyName>
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            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus MXN</issuerName>
                <issueTitle>USD versus MXN</issueTitle>
                <identifiers>
                  <other otherDesc="CADIS_ID" value="5415810"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>16.25000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-09-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-439833.60000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5255319"/>
        </identifiers>
        <balance>5520000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3637.68000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus JPY</issuerName>
                <issueTitle>USD versus JPY</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5255319"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>135.00000000</exercisePrice>
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            <expDt>2026-08-13</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-359026.32000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic of South Africa Government Bond</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa Government Bond, Series 2040</title>
        <cusip>EK7733067</cusip>
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          <isin value="ZAG000125980"/>
        </identifiers>
        <balance>315000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.52130000"/>
        <valUSD>18765252.17000000</valUSD>
        <pctVal>1.149513291995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>3137HC5W8</cusip>
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          <isin value="US3137HC5W84"/>
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        <balance>19849110.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1060426.84000000</valUSD>
        <pctVal>0.064959145591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.38392000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COX Asset Mexico S.A. de CV</name>
        <lei>4469000001ERQUPOUR24</lei>
        <title>COX Asset Mexico S.A. de CV</title>
        <cusip>22389AAA0</cusip>
        <identifiers>
          <isin value="US22389AAA07"/>
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        <balance>1324000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1320007.39000000</valUSD>
        <pctVal>0.080860412990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Standard Chartered PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered PLC</title>
        <cusip>853254CM0</cusip>
        <identifiers>
          <isin value="US853254CM07"/>
        </identifiers>
        <balance>6900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7088135.40000000</valUSD>
        <pctVal>0.434201778049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Repsol E&amp;P Capital Markets US LLC</name>
        <lei>894500D0J12FRZ3Q0M15</lei>
        <title>Repsol E&amp;P Capital Markets US LLC</title>
        <cusip>76026AAC1</cusip>
        <identifiers>
          <isin value="US76026AAC18"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>903892.72000000</valUSD>
        <pctVal>0.055370249584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.97600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26FHKBCHMHS"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>23245.56000000</valUSD>
        <pctVal>0.001423965953</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC BANK USA, NATIONAL ASSOCIATION</counterpartyName>
              <counterpartyLei>1IE8VN30JCEQV1H4R804</counterpartyLei>
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            <amtCurSold>3725000.00000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>4326036.57000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-09-16</settlementDt>
            <unrealizedAppr>23245.56000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LCH CLEARNET (US) LLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5461530"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>309195.39000000</valUSD>
        <pctVal>0.018940550726</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LCH CLEARNET (US) LLC</counterpartyName>
              <counterpartyLei>WAM6YERMS7OXFZUOY219</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="UNITED STATES SOFR SECURED OVERNIGHT FINANCING RATE UNITED STATES SOFR SECURED OVE" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
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            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.02000000"/>
            <terminationDt>2028-08-06</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>124985000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>309195.39000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>UBS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5407401"/>
        </identifiers>
        <balance>27480000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>171008.04000000</valUSD>
        <pctVal>0.010475532821</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>UBS AG</counterpartyName>
              <counterpartyLei>BFM8T61CT2L1QCEMIK50</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus ZAR</issuerName>
                <issueTitle>USD versus ZAR</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5407401"/>
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            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>16.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-11-10</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-357981.96000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26FBKBBX8X2"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-1862.17000000</valUSD>
        <pctVal>-0.00011407196</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Bank of America, National Association</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
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            <amtCurSold>203764.25000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>3654919400.00000000</amtCurPur>
            <curPur>IDR</curPur>
            <settlementDt>2026-09-16</settlementDt>
            <unrealizedAppr>-1862.17000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COX Asset Mexico S.A. de CV</name>
        <lei>4469000001ERQUPOUR24</lei>
        <title>COX Asset Mexico S.A. de CV</title>
        <cusip>22389AAB8</cusip>
        <identifiers>
          <isin value="US22389AAB89"/>
        </identifiers>
        <balance>1372000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1377488.00000000</valUSD>
        <pctVal>0.084381534083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1020368.06000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Intercontinental Exchange, Inc.</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>Intercontinental Exchange Inc</counterpartyName>
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                <indexName>CDS EUR R F  1.00000 FIX CCPSOVEREIG\</indexName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>SBNA Auto Receivables Trust 2025-SF1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Phoenix Aviation Capital Ltd.</name>
        <lei>8945008YQAKXZQ3VYJ15</lei>
        <title>Phoenix Aviation Capital Ltd.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <units>NC</units>
        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Bank of America, National Association</counterpartyName>
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      <invstOrSec>
        <name>Oak-Eagle AcquireCo, Inc.</name>
        <lei>6488ICS9P20290MA1H31</lei>
        <title>Oak-Eagle AcquireCo, Inc.</title>
        <cusip>67124CAB9</cusip>
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          <isin value="US67124CAB90"/>
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        <balance>457000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>481720.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>South Bow Canadian infrastructure Holdings Ltd.</name>
        <lei>2549004FYUSYLPBT1G26</lei>
        <title>South Bow Canadian infrastructure Holdings Ltd.</title>
        <cusip>836720AG7</cusip>
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        <balance>3819000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3974337.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp.</title>
        <cusip>15135BAX9</cusip>
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          <isin value="US15135BAX91"/>
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        <balance>403000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>N/A</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <title>BNP Paribas</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Greystar Real Estate Partners, LLC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>3</fairValLevel>
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        <name>N/A</name>
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        <title>CME Group Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs</title>
        <cusip>31392FJ73</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Residential Mortgage Loan Trust 2024-NQM1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Discovery Communications, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Prairie Acquiror L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fibercop S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Akbank Turk A.S.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Electricite de France</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunoco L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Interest STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Interest STRIPS, IO</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Obx 2024-Nqm18 Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Saks Global Enterprises LLC</name>
        <lei>5493007HQSJGRH78Q684</lei>
        <title>Saks Global Enterprises LLC</title>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Newell Brands Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Interest STRIPS</name>
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        <name>Petco Health and Wellness Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac REMICs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ludgate Funding PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hera Financing 2024-1 DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Genesis Energy L.P./ Genesis Energy Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Eurosail-UK NC PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHS/Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
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        <name>Icahn Enterprises L.P.</name>
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        <name>Rate Mortgage Trust</name>
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        <name>Navient Corp.</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>1261229 B.C. Ltd.</name>
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        <name>Electricite de France</name>
        <lei>549300X3UK4GG3FNMO06</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GCAT Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FMC Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TrueNoord Capital DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GS Mortgage-Backed Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Danaos Corp.</name>
        <lei>734IM3DNDNT36T7YTD24</lei>
        <title>Danaos Corp.</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bausch and Lomb, Inc.</name>
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        <name>N/A</name>
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        <name>Freddie Mac STRIPS</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac STRIPS, IO</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CWHEQ Revolving Home Equity Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2065-10-25</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal FX Forward Identifier" value="26FBKBBXQBB"/>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>N/A</name>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Bank of America, National Association</counterpartyName>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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          <isin value="US36210APC52"/>
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        <balance>2729.49000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2753.52000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue Securities</name>
        <lei>N/A</lei>
        <title>Fannie Mae Connecticut Avenue Securities, Series 2023-R03, Class 2M1</title>
        <cusip>20753ACJ1</cusip>
        <identifiers>
          <isin value="US20753ACJ16"/>
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        <balance>2996176.10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.11600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Great Hall Mortgages No.1 PLC</name>
        <lei>213800TM9KICQKGTYR78</lei>
        <title>Great Hall Mortgages No.1 PLC, Series 2007-2X, Class EB</title>
        <cusip>BCC0YMFK4</cusip>
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          <isin value="XS0308356467"/>
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        <balance>4570000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.15800000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Deutsche Bank Aktiengesellschaft</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>ESAB Corp.</name>
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        <title>ESAB Corp.</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2017-C42, Class XA</title>
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        <balance>5167809.08000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
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        <balance>9329.74000000</balance>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Funding 2024 - Granite 7 PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
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                <issuerName>USD versus BRL</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-114639.36000000</unrealizedAppr>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>31394DQF0</cusip>
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          <isin value="US31394DQF05"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ecopetrol S.A.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mortgage Funding 2008-1 PLC</name>
        <lei>213800AHT9AB4TA6OJ88</lei>
        <title>Mortgage Funding 2008-1 PLC, Series 2008-1, Class B2</title>
        <cusip>BCC1318Z7</cusip>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>U.S. Treasury Notes/Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes/Bonds</title>
        <cusip>912810FE3</cusip>
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          <isin value="US912810FE39"/>
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        <curCd>USD</curCd>
        <valUSD>46623353.79000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association, IO</title>
        <cusip>38381NB49</cusip>
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          <isin value="US38381NB498"/>
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        <curCd>USD</curCd>
        <valUSD>698917.04000000</valUSD>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>0.82861000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>PNC Financial Services Group, Inc. (The)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group, Inc. (The)</title>
        <cusip>693475BT1</cusip>
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          <isin value="US693475BT12"/>
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        <curCd>USD</curCd>
        <valUSD>4211097.03000000</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>Variable</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Airlines Inc./AAdvantage Loyalty IP Ltd.</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
        <title>American Airlines Inc./AAdvantage Loyalty IP Ltd.</title>
        <cusip>00253XAB7</cusip>
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          <isin value="US00253XAB73"/>
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        <balance>750750.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>747316.11000000</valUSD>
        <pctVal>0.045778750745</pctVal>
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        <issuerCat>CORP</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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        <name>CoreWeave, Inc.</name>
        <lei>984500511DP2B6186053</lei>
        <title>CoreWeave, Inc.</title>
        <cusip>21873SAC2</cusip>
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        <balance>129000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>116608.75000000</valUSD>
        <pctVal>0.007143165829</pctVal>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
        <cusip>682691AA8</cusip>
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          <isin value="US682691AA80"/>
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        <curCd>USD</curCd>
        <valUSD>69728.75000000</valUSD>
        <pctVal>0.004271412088</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="5407397"/>
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        <balance>2750000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>294690.00000000</valUSD>
        <pctVal>0.018051986136</pctVal>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
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            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>USD versus KRW</issuerName>
                <issueTitle>USD versus KRW</issueTitle>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-93060.00000000</unrealizedAppr>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America, National Association</title>
        <cusip>N/A</cusip>
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        <balance>7344000.00000000</balance>
        <units>NC</units>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
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                <issueTitle>USD versus BRL</issueTitle>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>4.75000000</exercisePrice>
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            <expDt>2026-08-12</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-796251.17000000</unrealizedAppr>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eurosail PLC</name>
        <lei>213800NEJVUXH4MS6Y78</lei>
        <title>Eurosail PLC, Series 2007-2X, Class D1A</title>
        <cusip>BCC0WM139</cusip>
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          <isin value="XS0291441417"/>
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        <balance>8400000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-13</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Electricite de France</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>Electricite de France</title>
        <cusip>ZN7006218</cusip>
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          <isin value="FR001400EFQ6"/>
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        <balance>2600000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TELUS Corp.</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>TELUS Corp.</title>
        <cusip>87971MCQ4</cusip>
        <identifiers>
          <isin value="US87971MCQ42"/>
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        <balance>2178000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2151428.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs</title>
        <cusip>31394V7G9</cusip>
        <identifiers>
          <isin value="US31394V7G93"/>
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        <balance>82564.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>91441.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.88795100</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5474566"/>
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        <balance>3645000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1858.95000000</valUSD>
        <pctVal>0.000113874714</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Goldman Sachs International</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus MXN</issuerName>
                <issueTitle>USD versus MXN</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5474566"/>
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            <shareNo>1.00000000</shareNo>
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            <expDt>2026-10-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-349154.55000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FMC Corp.</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC Corp.</title>
        <cusip>302491AY1</cusip>
        <identifiers>
          <isin value="US302491AY14"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35072.17000000</valUSD>
        <pctVal>0.002148435055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
        <cusip>88033GDU1</cusip>
        <identifiers>
          <isin value="US88033GDU13"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20410.16000000</valUSD>
        <pctVal>0.001250276308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BB Blue Financing DAC</name>
        <lei>635400ZEZBP91CFF7965</lei>
        <title>BB Blue Financing DAC, Series A1</title>
        <cusip>BZ1196758</cusip>
        <identifiers>
          <isin value="XS2533145756"/>
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        <balance>1677083.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1590724.06000000</valUSD>
        <pctVal>0.097443851769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.39500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>UBS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5407399"/>
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        <balance>-27480000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-151552.20000000</valUSD>
        <pctVal>-0.00928371581</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>UBS AG</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>USD versus ZAR</issuerName>
                <issueTitle>USD versus ZAR</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5407399"/>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>17.85000000</exercisePrice>
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            <expDt>2026-11-10</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>255151.80000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brookfield Infrastructure Finance ULC</name>
        <lei>984500CDDWC47U7DBA74</lei>
        <title>Brookfield Infrastructure Finance ULC</title>
        <cusip>11276BAA7</cusip>
        <identifiers>
          <isin value="US11276BAA70"/>
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        <balance>1112000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1128420.90000000</valUSD>
        <pctVal>0.069124294827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="754754.44000000"/>
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      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs, IO</title>
        <cusip>31394CKG6</cusip>
        <identifiers>
          <isin value="US31394CKG68"/>
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        <balance>4031.97000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170.33000000</valUSD>
        <pctVal>0.000010433997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.01944000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nationstar Mortgage Holdings LLC</name>
        <lei>N/A</lei>
        <title>Nationstar Mortgage Holdings LLC</title>
        <cusip>63861CAF6</cusip>
        <identifiers>
          <isin value="US63861CAF68"/>
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        <balance>294000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>291060.00000000</valUSD>
        <pctVal>0.017829621245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Energuate Trust 2 0</name>
        <lei>2549000ZL9MU01FZK194</lei>
        <title>Energuate Trust 2 0</title>
        <cusip>29277RAB1</cusip>
        <identifiers>
          <isin value="US29277RAB15"/>
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        <balance>1440000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1419719.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Jupiter Mortgage No.1 PLC</name>
        <lei>6354009QIELPOGEAFS09</lei>
        <title>Jupiter Mortgage No.1 PLC, Series 1A, Class FR</title>
        <cusip>BCC3D7YR8</cusip>
        <identifiers>
          <isin value="XS2737623707"/>
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        <balance>1897000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74200000"/>
        <valUSD>2562008.59000000</valUSD>
        <pctVal>0.156942358233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.74902000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BNP Paribas</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="5534346"/>
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        <balance>-7285000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                    <counterpartyName>BNP PARIBAS SECURITIES CORP.</counterpartyName>
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                    <name>N/A</name>
                    <lei>N/A</lei>
                    <title>BNP Paribas</title>
                    <cusip>N/A</cusip>
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                      <other otherDesc="CADIS_ID" value="1203360"/>
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                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
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                  <upfrontRcpt>0.00000000</upfrontRcpt>
                  <rcptCurCd>EUR</rcptCurCd>
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                  <curCd>EUR</curCd>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>3.40000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-08-28</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-24182.93000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Teva Pharmaceutical Finance Netherlands III B.V.</name>
        <lei>5493004T21MOAFINJP35</lei>
        <title>Teva Pharmaceutical Finance Netherlands III B.V.</title>
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          <isin value="US88167AAF84"/>
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        <balance>433000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>319402.91000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>3137HKLF9</cusip>
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          <isin value="US3137HKLF98"/>
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        <balance>47810754.88000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1577850.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.53392000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nexstar Media Inc.</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>Nexstar Media Inc.</title>
        <cusip>65346UAB5</cusip>
        <identifiers>
          <isin value="US65346UAB52"/>
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        <balance>166000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>165293.62000000</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>2033-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
        <cusip>682691AJ9</cusip>
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          <isin value="US682691AJ99"/>
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        <balance>267000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266039.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="5415811"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>USD versus ZAR</issuerName>
                <issueTitle>USD versus ZAR</issueTitle>
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        <securityLending>
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      <invstOrSec>
        <name>Freddie Mac REMICs</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICs, IO</title>
        <cusip>3137HKW67</cusip>
        <identifiers>
          <isin value="US3137HKW679"/>
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        <balance>55372377.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2857945.59000000</valUSD>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.33392000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association, IO</title>
        <cusip>38375JSQ9</cusip>
        <identifiers>
          <isin value="US38375JSQ93"/>
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        <balance>186780.60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7296.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.73036000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue Securities</name>
        <lei>N/A</lei>
        <title>Fannie Mae Connecticut Avenue Securities, Series 2023-R06, Class 1B1</title>
        <cusip>20754EAF2</cusip>
        <identifiers>
          <isin value="US20754EAF25"/>
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        <balance>1310000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1373068.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.51600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26FBKBBZH4K"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>606302.94000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Petrobras Global Finance B.V.</name>
        <lei>549300FNENFFSMO3GT38</lei>
        <title>Petrobras Global Finance B.V.</title>
        <cusip>71647NBN8</cusip>
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          <isin value="US71647NBN84"/>
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        <balance>1875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1830468.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Fideicomiso Dorrego y Libertador</name>
        <lei>N/A</lei>
        <title>Fideicomiso Dorrego y Libertador, Series 1A</title>
        <cusip>BCC39CJN8</cusip>
        <identifiers>
          <isin value="AREQUI600WO5"/>
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        <balance>7698968.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6902124.81000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26FBKBBXMBB"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>0.25000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>U.S. International Development Finance Corp.</name>
        <lei>254900QI8QTIK0FY6E92</lei>
        <title>U.S. International Development Finance Corp., Series 4</title>
        <cusip>90376PEX5</cusip>
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          <isin value="US90376PEX50"/>
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        <balance>1120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1105415.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.13000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Re-REMIC Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Re-REMIC Trust, Series 2012-R3, Class 1B</title>
        <cusip>61761KAB2</cusip>
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        <balance>4580648.32000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4140935.86000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>PMT Loan Trust</name>
        <lei>N/A</lei>
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        <cusip>693967AG6</cusip>
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          <isin value="US693967AG62"/>
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        <balance>687360.48000000</balance>
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        <curCd>USD</curCd>
        <valUSD>687877.99000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
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        <balance>-36645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-351645.42000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Goldman Sachs International</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>USD versus MXN</issuerName>
                <issueTitle>USD versus MXN</issueTitle>
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                  <other otherDesc="CADIS_ID" value="5414160"/>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>18.00000000</exercisePrice>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Clydesdale Acquisition Holdings, Inc.</name>
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        <title>Clydesdale Acquisition Holdings, Inc.</title>
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          <isin value="US18972EAB11"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae REMICs</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICs</title>
        <cusip>31397NP41</cusip>
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          <isin value="US31397NP418"/>
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        <balance>46554.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47103.87000000</valUSD>
        <pctVal>0.002885467468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.67056000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CCO Holdings, LLC/CCO Holdings Capital Corp.</title>
        <cusip>1248EPCV3</cusip>
        <identifiers>
          <isin value="US1248EPCV30"/>
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        <balance>163000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>155180.01000000</valUSD>
        <pctVal>0.009505946551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>Goodyear Tire &amp; Rubber Co. (The)</title>
        <cusip>382550BR1</cusip>
        <identifiers>
          <isin value="US382550BR12"/>
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        <balance>369000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>328105.61000000</valUSD>
        <pctVal>0.020098944392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="327993.87000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Pinewood Finco PLC</name>
        <lei>984500EF3F7CA63ND769</lei>
        <title>Pinewood Finco PLC</title>
        <cusip>DN5597725</cusip>
        <identifiers>
          <isin value="XS3444189008"/>
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        <balance>119000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74200000"/>
        <valUSD>160715.88000000</valUSD>
        <pctVal>0.009845060360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5535851"/>
        </identifiers>
        <balance>-7285000.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
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        <pctVal>-0.00245971956</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>Goldman Sachs International</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>
                    <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
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                  <derivAddlInfo>
                    <name>N/A</name>
                    <lei>N/A</lei>
                    <title>Goldman Sachs International</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <other otherDesc="CADIS_ID" value="1203360"/>
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                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <currencyConditional curCd="EUR" exchangeRt="0.86720000"/>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerConditional desc="N/A" issuerCat="OTHER"/>
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                  <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
                  <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ICE LIBOR USD 3 MONTH ICE LIBOR USD 3 MONTH" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
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                      <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
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                  <terminationDt>2049-12-31</terminationDt>
                  <upfrontPmnt>0.00000000</upfrontPmnt>
                  <pmntCurCd>EUR</pmntCurCd>
                  <upfrontRcpt>0.00000000</upfrontRcpt>
                  <rcptCurCd>EUR</rcptCurCd>
                  <notionalAmt>7285000.00000000</notionalAmt>
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            <shareNo>1.00000000</shareNo>
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            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-08-28</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-24931.49000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Subway Funding LLC</name>
        <lei>N/A</lei>
        <title>Subway Funding LLC, Series 2024-1A, Class A2I</title>
        <cusip>864300AC2</cusip>
        <identifiers>
          <isin value="US864300AC28"/>
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        <balance>281977.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>283769.02000000</valUSD>
        <pctVal>0.017382993705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.26800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HA Sustainable Infrastructure Capital, Inc.</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>HA Sustainable Infrastructure Capital, Inc.</title>
        <cusip>41068XAG5</cusip>
        <identifiers>
          <isin value="US41068XAG51"/>
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        <balance>321000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>337158.18000000</valUSD>
        <pctVal>0.020653482612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal FX Forward Identifier" value="26FPKBB6QSN"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
        <valUSD>-3110982.69000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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            <unrealizedAppr>-3110982.69000000</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>UBS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5330508"/>
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        <balance>7335000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>240081.89000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>UBS AG</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>USD versus JPY</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-482415.61000000</unrealizedAppr>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>5299002OYNAPMJKK2A73</lei>
        <title>Freddie Mac, Series 2024-HQA2, Class M2</title>
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          <isin value="US35564NEC39"/>
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        <balance>3450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3470334.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.41600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Goldman Sachs International</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="5435909"/>
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        <balance>116800000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>87126.96000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Intercontinental Exchange Inc</counterpartyName>
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                  <derivAddlInfo>
                    <name>N/A</name>
                    <lei>N/A</lei>
                    <title>Intercontinental Exchange, Inc.</title>
                    <cusip>N/A</cusip>
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                      <other otherDesc="CADIS_ID" value="5435913"/>
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                    <balance>1.00000000</balance>
                    <units>NC</units>
                    <curCd>USD</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DCR</assetCat>
                    <issuerConditional desc="N/A" issuerCat="OTHER"/>
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                  <descRefInstrmnt>
                    <indexBasketInfo>
                      <indexName>N/A</indexName>
                      <indexIdentifier>N/A</indexIdentifier>
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                  <otherRecDesc fixedOrFloating="Other">Other</otherRecDesc>
                  <otherPmntDesc fixedOrFloating="Other">Other</otherPmntDesc>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Connecticut Avenue Securities</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Carriage Services, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Seadrill Finance Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae Connecticut Avenue Securities</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Newday Funding Master Issuer PLC - Series 2025-2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Telecomunicaciones Digitales, S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CenterPoint Energy, Inc.</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Cousins Properties L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fibercop S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae REMICs</name>
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        <name>OneMain Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <amtCurSold>23255000.00000000</amtCurSold>
            <curSold>BRL</curSold>
            <amtCurPur>4544655.07000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-08-04</settlementDt>
            <unrealizedAppr>-42899.06000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RCKT Mortgage Trust</name>
        <lei>2549008EA2IHW9G2TZ48</lei>
        <title>RCKT Mortgage Trust, Series 2025-CES5, Class A1B</title>
        <cusip>74942CAB5</cusip>
        <identifiers>
          <isin value="US74942CAB54"/>
        </identifiers>
        <balance>1373322.33000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1377673.84000000</valUSD>
        <pctVal>0.084392918185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.83800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMRLD Borrower L.P.</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMRLD Borrower L.P., Incremental Term Loan B</title>
        <cusip>26872NAD1</cusip>
        <identifiers>
          <isin value="US26872NAD12"/>
        </identifiers>
        <balance>454665.06000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>455187.92000000</valUSD>
        <pctVal>0.027883694802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.07267000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dominican Republic International Bond</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic International Bond</title>
        <cusip>25714PEF1</cusip>
        <identifiers>
          <isin value="US25714PEF18"/>
        </identifiers>
        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1123800.00000000</valUSD>
        <pctVal>0.068841229834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>AIM Investment Funds (Invesco Investment Funds)</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Principal Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
