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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital One Financial Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Bank USA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Truist Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>First National Master Note Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nutrien Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Global Payments Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brunswick Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enbridge Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Navient Private Education Refi Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>eBay Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pacific Life Global Funding II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Principal Life Global Funding II</name>
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        <name>Enbridge Inc.</name>
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        <title>Enbridge Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Principal Life Global Funding II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Owens Corning</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alphabet Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carvana Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCG Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State Street Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citizens Bank, N.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ING Groep N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BMW US Capital, LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>John Deere Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SFS Auto Receivables Securitization Trust 2026-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Group PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Regions Bank</name>
        <lei>EQTWLK1G7ODGC2MGLV11</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Fleet Financing LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
        <title>Truist Bank</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-27</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>DLLST LLC</name>
        <lei>N/A</lei>
        <title>DLLST LLC, Series 2024-1A, Class A3</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.05000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Banco Bilbao Vizcaya Argentaria S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Life Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gildan Activewear Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Huntington National Bank (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Agilent Technologies, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyota Auto Receivables Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fidelity National Information Services, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Corebridge Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
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        <name>Avolon Holdings Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Wheels Fleet Lease Funding 1 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BofA Securities, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wheels Fleet Lease Funding 1 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CarMax Auto Owner Trust</name>
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        <name>World Omni Automobile Lease Securitization Trust</name>
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        <name>Global Payments Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Synopsys, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Storage Operating Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Mitsui Trust Bank, Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Eli Lilly and Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Wheels Fleet Lease Funding 1 LLC</name>
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        <name>SoFi Consumer Loan Program 2026-3</name>
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        <name>F&amp;G Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Principal Life Global Funding II</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Porsche Innovative Lease Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fidelity National Information Services, Inc.</name>
        <lei>6WQI0GK1PRFVBA061U48</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>USAA Capital Corp.</name>
        <lei>5493007XLF4LU3U2W757</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Fifth Third Bank, N.A.</name>
        <lei>QFROUN1UWUYU0DVIWD51</lei>
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        <valUSD>5306758.14000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-28</maturityDt>
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        <name>Daimler Truck Finance North America LLC</name>
        <lei>5493003HSDTSCZRXBA58</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Equitable America Global Funding</name>
        <lei>98450066CCBIACF06694</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-15</maturityDt>
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        <name>BofA Auto Trust 2026-1</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Private Bank, N.A.</name>
        <lei>549300GS0W0TEUQS8571</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Aviation Capital Group LLC</name>
        <lei>549300ODEK8HY3445C77</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <lei>254900HROIFWPRGM1V77</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Natixis S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Bank USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GreatAmerica Leasing Receivables Funding LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Dollarama Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GlaxoSmithKline Capital PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>U.S. Treasury Notes/Bonds</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nordea Bank Abp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Svenska Handelsbanken AB</name>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Intesa Sanpaolo SpA/New York NY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Amazon.com, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jackson National Life Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aircastle Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Zions Bancorp., N.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Dell Equipment Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Novartis Capital Corp.</name>
        <lei>5493002KF87V5RSRQS84</lei>
        <title>Novartis Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Mitsui Trust Bank, Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cooperatieve Rabobank U.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Carvana Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westpac Banking Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dollarama Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TELUS Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mercedes-Benz Finance North America LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>MassMutual Global Funding II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Nova Scotia (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alliant Energy Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Intesa Sanpaolo SpA/New York NY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Navient Private Education Refi Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Roper Technologies, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volvo Financial Equipment LLC</name>
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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>Jefferies Financial Group Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Zions Bancorp., N.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Mitsui Banking Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Fleet Financing LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dell Equipment Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Markets PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Athene Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sherwin-Williams Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Skandinaviska Enskilda Banken AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Zions BanCorp., N.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Group of America Finance, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Honda Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Harley-Davidson Motorcycle Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Australia and New Zealand Banking Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Honeywell Aerospace Inc.</name>
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        <name>RWE AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Met Tower Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Capital America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mizuho Bank, Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State Street Corp.</name>
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        <title>State Street Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Southern Co. Gas Capital Corp.</name>
        <lei>E8CD46SWUD2TSN8PA636</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>F&amp;G Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enbridge Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Glencore Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Caterpillar Financial Services Corp.</name>
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        <name>Global Payments Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pinnacle West Capital Corp.</name>
        <lei>TWSEY0NEDUDCKS27AH81</lei>
        <title>Pinnacle West Capital Corp.</title>
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        <name>BANCO BILBAO VIZCAYA ARGENTARIA S.A. (NEW YORK BRANCH)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barings Equipment Finance LLC 2025-B</name>
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        <fairValLevel>2</fairValLevel>
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        <name>USAA Capital 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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        <name>Marriott International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sherwin-Williams Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Equitable America Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AutoNation Finance Trust 2026-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mid-America Apartments, L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pfizer Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>SCCU Auto Receivables Trust 2026-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CarMax Auto Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AutoNation Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aviation Capital Group LLC</name>
        <lei>549300ODEK8HY3445C77</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Mitsui Trust Bank, Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Mercedes-Benz Finance North America LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Honda Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Navistar Financial Dealer Note Master Owner Trust II 2025-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Fleet Financing LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <fairValLevel>2</fairValLevel>
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        <name>M&amp;T Equipment LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westlake Automobile Receivables Trust</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>Hyundai Capital America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PayPal Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jackson National Life Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lowe`s Cos., Inc.</name>
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        <title>Lowe`s Cos., Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PayPal Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Auxilior Term Funding 2026-1 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>National Rural Utilities Cooperative Finance Corp., Series D</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gildan Activewear Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyota Motor Credit Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Masco Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FCCU Auto Receivables Trust 2026-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Zoetis Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>eBay Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CNO Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Keurig Dr Pepper Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>General Motors Financial Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC USA Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wheels Fleet Lease Funding 2026-1 LLC</name>
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        <name>M&amp;T Equipment 2026-LEAF1 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GA Global Funding Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Life Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gordon Brothers Equipment Finance 2026-1 LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
        <lei>5493000PGBS1C22ELQ16</lei>
        <title>Element Fleet Management Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-29</maturityDt>
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          <annualizedRt>4.80000000</annualizedRt>
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        <name>GreatAmerica Leasing Receivables Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
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        <name>Cardinal Health, Inc.</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
        <title>Cardinal Health, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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        <name>U.S. Treasury Notes/Bonds</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citizens Bank, N.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Morgan Capital Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chesapeake Funding II LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Gildan Activewear Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Group of America Finance, LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Hewlett Packard Enterprise Co.</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>Hewlett Packard Enterprise Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Nissan Auto Lease Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
        <title>Metropolitan Life Global Funding I</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ServiceNow, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SoFi Consumer Loan Program Trust 2026-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wheels Fleet Lease Funding 1 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Salesforce, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Cargill, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Synchrony Card Funding, LLC</name>
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        <name>Global Payments Inc.</name>
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        <name>Alphabet Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TELUS Corp.</name>
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          <maturityDt>2026-12-18</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>46252156</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>8164556.9</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>ABS</invstCat>
            </repurchaseCollateral>
            <repurchaseCollateral>
              <principalAmt>9664764</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>8335443.99</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citizens Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Citizens Auto Receivables Trust, Series 2024-2, Class A3</title>
        <cusip>17331XAD3</cusip>
        <identifiers>
          <isin value="US17331XAD30"/>
        </identifiers>
        <balance>2493992.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2501632.03000000</valUSD>
        <pctVal>0.141458216897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.33000000</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>Daimler Truck Finance North America LLC</name>
        <lei>5493003HSDTSCZRXBA58</lei>
        <title>Daimler Truck Finance North America LLC</title>
        <cusip>233853AY6</cusip>
        <identifiers>
          <isin value="US233853AY62"/>
        </identifiers>
        <balance>5905000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5942748.95000000</valUSD>
        <pctVal>0.336040896444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61748UAY8</cusip>
        <identifiers>
          <isin value="US61748UAY82"/>
        </identifiers>
        <balance>4268000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4269074.17000000</valUSD>
        <pctVal>0.241400658709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.86800000</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>Global Payments Inc.</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>Global Payments Inc.</title>
        <cusip>37961DJ19</cusip>
        <identifiers>
          <isin value="US37961DJ195"/>
        </identifiers>
        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7499152.50000000</valUSD>
        <pctVal>0.424049871511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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>Protective Life Global Funding</name>
        <lei>635400EVYITCJYWL2I50</lei>
        <title>Protective Life Global Funding</title>
        <cusip>743672AJ6</cusip>
        <identifiers>
          <isin value="US743672AJ68"/>
        </identifiers>
        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7004836.93000000</valUSD>
        <pctVal>0.396098119104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.49662200</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>Wheels Fleet Lease Funding 1 LLC</name>
        <lei>549300BSFY0E0XXREF43</lei>
        <title>Wheels Fleet Lease Funding 1 LLC, Series 2025-3A, Class A1</title>
        <cusip>96328GCP0</cusip>
        <identifiers>
          <isin value="US96328GCP00"/>
        </identifiers>
        <balance>5350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5307923.32000000</valUSD>
        <pctVal>0.300143809828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.08000000</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>U.S. Bank N.A.</name>
        <lei>6BYL5QZYBDK8S7L73M02</lei>
        <title>U.S. Bank N.A.</title>
        <cusip>90331HPT4</cusip>
        <identifiers>
          <isin value="US90331HPT40"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10034531.90000000</valUSD>
        <pctVal>0.567416379767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.57463000</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>2026-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Management Trust</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>
</edgarSubmission>
