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        <name>Marble Point CLO XXIII Ltd.</name>
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        <name>CNH EQUIPMENT TRUST 2022-B</name>
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        <name>KINGS PARK CLO LTD</name>
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        <name>Venture Global Plaquemines Lng LLC</name>
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        <name>CSMC 2020-West</name>
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        <name>Springcastle I Spv Llc</name>
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        <name>Credit Agricole Corporate &amp; Investment Bank New York Branch</name>
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        <name>Equipmentshare Com Inc.</name>
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        <name>Western Midstream Operating LP</name>
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        <name>First Quantum Minerals Ltd.</name>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>Nelnet Student Loan Trust 2015-2</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>1011778 BC Unlimited Liability Company</name>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <name>Chord Energy Corp.</name>
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        <name>UnitedHealth Group Inc.</name>
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        <title>UNH 3.7 05/15/27</title>
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        <name>PLYM COMMERCIAL MORTGAGE TRUST 2026-IND</name>
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        <name>Royal Bank of Canada</name>
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        <name>CHEVY CHASE FUNDING LLC MORTGAGE-BACKED CERTIFICATES SERIES 2004-3</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Goldman Sachs Group, Inc.</name>
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        <name>ARI FLEET LEASE TRUST 2025-B</name>
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        <name>Synopsys Inc</name>
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        <name>eBay Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Brightwood Capital MM CLO 2023-1 Ltd./ Brightwood Capital MM CLO 2023-1 LLC</name>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <name>Harborview Mtg Loan Trust</name>
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        <name>BX 2021-PAC MORTGAGE TRUST</name>
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        <name>Mars Inc.</name>
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        <name>Pacific Gas and Electric Company</name>
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        <name>Petco Health and Wellness Company Inc</name>
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        <name>SLM PRIVATE EDUCATION LOAN TRUST 2010-C</name>
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        <name>Amrize Finance US LLC</name>
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        <name>AERCAP IRELAND CAPITAL DAC</name>
        <lei>549300TI38531ODB1G63</lei>
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      <invstOrSec>
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        <name>Energy Transfer LP</name>
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        <name>CoreLogic Inc</name>
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        <name>HALSEYPOINT CLO 3 LTD</name>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Citigroup Inc.</name>
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        <name>Alphabet Inc.</name>
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        <name>Centerpoint Energy Houston Electric LLC</name>
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      <invstOrSec>
        <name>Comm 2017-Panw Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>NTT Finance Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
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        <name>FEDEX FREIGHT HOLDING COMPANY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Abbott Laboratories</name>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>Permian Resources Operating, LLC</name>
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        <name>Broadcom Inc</name>
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        <name>Viking Cruises, Ltd.</name>
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        <name>BENCHMARK 2023-V3 MORTGAGE TRUST</name>
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        <name>Government National Mortgage Association</name>
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        <name>CSMC 2020-West</name>
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        <name>The Toronto-Dominion Bank</name>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>Altria Group, Inc.</name>
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        <name>Ascensus Group Holdings Inc (f/k/a Mercury Borrower Inc)</name>
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        <name>Versant Media Group Inc</name>
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        <name>ABRY LIQUID CREDIT CLO 2025-2 LTD</name>
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        <name>Oracle Corp.</name>
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        <name>United States Treasury Notes</name>
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        <name>Federal National Mortgage Association</name>
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        <name>CITIBANK NA</name>
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        <name>Sedgwick CMS</name>
        <lei>549300BIN4DWJG5VWF64</lei>
        <title>Sedgwick CMS Term Loan B 250 2031-07-01</title>
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        <name>Angel Oak Mortgage Trust 2021-7</name>
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        <name>GALAXY 36 CLO LTD</name>
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        <name>Banco Santander SA</name>
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        <name>EQT Corporation</name>
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        <name>Solventum Corp.</name>
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        <name>FREDDIE MAC STACR REMIC TRUST 2021-DNA3</name>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <name>Mill City Mortgage Loan Trust 2018-2</name>
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        <name>U.S. Bancorp.</name>
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        <name>MPLX LP</name>
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        <name>Benchmark 2020-B16 Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>UnitedHealth Group Inc.</name>
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        <name>SYCAMORE TREE CLO 2025-6 LTD</name>
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        <name>AERCAP IRELAND CAPITAL DAC</name>
        <lei>549300TI38531ODB1G63</lei>
        <title>AER 2.45 10/29/26</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-29</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
        <lei>549300E2R8NH2QE50368</lei>
        <title>Neuberger Berman Loan Advisers Clo 51 Ltd</title>
        <cusip>64135BAW9</cusip>
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          <isin value="US64135BAW90"/>
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        <valUSD>730361.35000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-23</maturityDt>
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          <annualizedRt>0.01000000</annualizedRt>
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      <invstOrSec>
        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 2.1 03/22/28</title>
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          <isin value="US92343VGH15"/>
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        <balance>820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>792539.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.10000000</annualizedRt>
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      <invstOrSec>
        <name>AmWINS Group Inc</name>
        <lei>549300SJE7MUB8NMRG61</lei>
        <title>AmWINS Group Term Loan B 200 2032-01-01</title>
        <cusip>03234TBB3</cusip>
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          <isin value="US03234TBB35"/>
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        <curCd>USD</curCd>
        <valUSD>436150.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW RSDNTL MTG LN TR 2022-NQM2</name>
        <lei>N/A</lei>
        <title>NRZT 2022-NQM2 A1</title>
        <cusip>64831MAA0</cusip>
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          <isin value="US64831MAA09"/>
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        <balance>733288.24000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2062-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.07900000</annualizedRt>
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      <invstOrSec>
        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HRI 7 06/15/30 144A</title>
        <cusip>42704LAF1</cusip>
        <identifiers>
          <isin value="US42704LAF13"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73397.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ellington Financial Mortgage Trust 2019-1</name>
        <lei>N/A</lei>
        <title>EFMT 2021-2 A1</title>
        <cusip>31572LAA4</cusip>
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          <isin value="US31572LAA44"/>
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        <balance>486896.74000000</balance>
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        <curCd>USD</curCd>
        <valUSD>422144.54000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.93100000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT 3.125 05/15/26 144A</title>
        <cusip>26884LAM1</cusip>
        <identifiers>
          <isin value="US26884LAM19"/>
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        <balance>1960000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1954337.56000000</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>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Santander UK Group Holdings PLC</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>SANUK V1.673 06/14/27</title>
        <cusip>80281LAQ8</cusip>
        <identifiers>
          <isin value="US80281LAQ86"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1390364.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.67300000</annualizedRt>
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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>FNMA F 12/11/26</title>
        <cusip>3135G1AB7</cusip>
        <identifiers>
          <isin value="US3135G1AB74"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250150.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.81859000</annualizedRt>
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      <invstOrSec>
        <name>STWD 2025-FL4 LLC</name>
        <lei>N/A</lei>
        <title>STWD 2025-FL4 A</title>
        <cusip>863922AA8</cusip>
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          <isin value="US863922AA87"/>
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        <balance>1020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1022104.77000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-19</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2025-18 FH</title>
        <cusip>3136BVAP3</cusip>
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          <isin value="US3136BVAP36"/>
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        <curCd>USD</curCd>
        <valUSD>1838508.84000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.06721000</annualizedRt>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>HYNMTR 5.95 09/21/26 144A</title>
        <cusip>44891ACM7</cusip>
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          <isin value="US44891ACM71"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-21</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Cim Trust</name>
        <lei>N/A</lei>
        <title>CIM 2021-R6 A1</title>
        <cusip>12567RAA8</cusip>
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          <isin value="US12567RAA86"/>
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        <balance>541364.84000000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.42500000</annualizedRt>
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      <invstOrSec>
        <name>EXTENDED STAY AMERICA INC</name>
        <lei>549300IESZBC3BJUJW64</lei>
        <title>ESA 2025-ESH A</title>
        <cusip>30227TAA8</cusip>
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          <isin value="US30227TAA88"/>
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        <balance>910000.00000000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Swedbank Sparbanken Svenge Ab</name>
        <lei>N/A</lei>
        <title>Swedbank Sparbanken Svenge Ab 3.75% CP 22/07/2026</title>
        <cusip>87019W2J3</cusip>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Diamondback Energy Inc</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>FANG 5.2 04/18/27</title>
        <cusip>25278XAX7</cusip>
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          <isin value="US25278XAX75"/>
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        <balance>1110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1124485.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Venture Global LNG Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENLNG 9.5 02/01/29 144A</title>
        <cusip>92332YAC5</cusip>
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          <isin value="US92332YAC57"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>450711.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
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        <balance>890000.00000000</balance>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREDDIE MAC STACR REMIC TRUST 2022-DNA2</name>
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        <balance>880000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MLTI TRUST 2026-SF75</name>
        <lei>ANGGYXNX0JLX3X63JN86</lei>
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        <balance>910000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PALMER SQUARE CLO 2021-1 LTD</name>
        <lei>549300O6Q3S8TEDA9I81</lei>
        <title>PLMRS 2021-1A A1AR</title>
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        <identifiers>
          <isin value="US69701WAJ53"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Wendys Funding Llc</name>
        <lei>5493009DRVSTWJOXUL48</lei>
        <title>WEN 2019-1A A2II</title>
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          <isin value="US95058XAH17"/>
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        <balance>818302.83000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>APEX CREDIT CLO 2021-2 LTD</name>
        <lei>254900H6CNZLCIDMYC58</lei>
        <title>APEXC 2021-2A A1AR</title>
        <cusip>03755QAA1</cusip>
        <identifiers>
          <isin value="US03755QAA13"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Columbia Cent CLO 32 Ltd.</name>
        <lei>549300NBGVSLUALOY827</lei>
        <title>CECLO 2022-32A A1R2</title>
        <cusip>19737TBG0</cusip>
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          <isin value="US19737TBG04"/>
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        <balance>1070000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-24</maturityDt>
          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP V4.792 05/09/29 144A</title>
        <cusip>09659W3C6</cusip>
        <identifiers>
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        <balance>1230000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-09</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SPIRIT AEROSYSTEMS INC</name>
        <lei>N/A</lei>
        <title>Spirit Contingent TL</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Millrose Properties Inc.</name>
        <lei>N/A</lei>
        <title>MRP 6.25 09/15/32 144A</title>
        <cusip>601137AB8</cusip>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Obx 2021-Nqm2 Trust</name>
        <lei>N/A</lei>
        <title>OBX 2021-NQM2 A3</title>
        <cusip>670857AC5</cusip>
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          <isin value="US670857AC59"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>MF1 2021-FL7 LTD</name>
        <lei>N/A</lei>
        <title>MF1 2021-FL7 A</title>
        <cusip>55284AAA6</cusip>
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        <balance>198326.64000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198457.34000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-21</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Bravo Residential Funding Trust 2021-NMQ2</name>
        <lei>N/A</lei>
        <title>BRAVO 2021-NQM2 A1</title>
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          <isin value="US10569EAA91"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>Magnetite CLO Ltd</name>
        <lei>549300J3BCFSIZAJJW77</lei>
        <title>Magnetite XXXI Ltd</title>
        <cusip>55952FAL2</cusip>
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          <isin value="US55952FAL22"/>
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        <balance>730000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>NYC COMMERCIAL MORTGAGE TRUST 2025-28L</name>
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        <title>NYC 2025-28L F</title>
        <cusip>67123JAL3</cusip>
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          <isin value="US67123JAL35"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>GREYSTONE CRE NOTES 2021-FL3 LTD</name>
        <lei>N/A</lei>
        <title>GSTNE 2021-FL3 A</title>
        <cusip>39809PAA3</cusip>
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          <isin value="US39809PAA30"/>
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        <balance>101081.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101280.51000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.79854000</annualizedRt>
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      <invstOrSec>
        <name>Ellington Financial Mortgage Trust 2019-1</name>
        <lei>N/A</lei>
        <title>EFMT 2022-1 A1</title>
        <cusip>31573CAA3</cusip>
        <identifiers>
          <isin value="US31573CAA36"/>
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        <balance>257516.48000000</balance>
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        <curCd>USD</curCd>
        <valUSD>234061.08000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.20600000</annualizedRt>
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        <name>Government National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Connecticut Avenue Securities Trust 2023-R05</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Philip Morris International Inc.</name>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>522 Funding CLO LTD</name>
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        <name>Figre Trust 2023-HE1</name>
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        <name>ATLAS SENIOR LOAN FUND XXVI LTD</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>280 Park Avenue Trust</name>
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        <name>Indymac ABS, Inc.</name>
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        <name>Fifth Third Auto Trust 2023-1</name>
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        <name>FREDDIE MAC STACR REMIC TRUST 2024-DNA1</name>
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        <name>Morgan Stanley</name>
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        <name>SCMS 2025-BNC1 MORTGAGE TRUST</name>
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        <name>Arbor Realty Commercial Real Estate Notes 2016-FL1 Ltd.</name>
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        <name>BRAVO Residential Funding Trust 2022-NQM3</name>
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        <name>Constellation Energy Generation LLC</name>
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        <title>CEG 3.9 01/08/28</title>
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        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
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        <name>Glencore Funding LLC</name>
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        <name>Air Lease Corporation</name>
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        <title>AL 5.3 02/01/28</title>
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          <couponKind>Fixed</couponKind>
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        <name>Nissan Motor Acceptance Co LLC</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>NSANY 2 03/09/26 144A</title>
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        <invCountry>US</invCountry>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>Glencore Funding LLC</name>
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        <name>Truist Insurance Holdings, LLC</name>
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        <name>Mill City Mortgage Loan Trust 2015-2</name>
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        <name>Cooperatieve Rabobank U.A.</name>
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        <name>United Airlines Holdings Inc</name>
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        <name>APEX CREDIT CLO 2020 LTD</name>
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        <name>Diamondback Energy Inc</name>
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        <title>FANG 3.25 12/01/26</title>
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        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Capital I Trust 2011-C2</name>
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        <name>GS MORTGAGE SECURITIES CORP</name>
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        <name>BXMT 2026-FL6 LTD</name>
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        <name>Targa Resources Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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        <name>Cheniere Energy Inc</name>
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        <name>United Rentals (North America), Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Spirit Airlines, LLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR SD2549</title>
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        <name>EQT Corporation</name>
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        <name>United States Treasury Notes</name>
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        <name>Goldman Sachs Group, Inc.</name>
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        <name>Ford Credit Floorplan Master Owner Trust A</name>
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        <name>Vertiv Group Corp.</name>
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        <name>Paychex Inc</name>
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        <name>Synopsys Inc</name>
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        <title>SNPS 4.65 04/01/28</title>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Jane Street Group LLC</name>
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        <title>Jane Street Group Term Loan B 200 2031-12-01</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Bank USA</name>
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        <name>Structured Asset Securities Corp.</name>
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        <name>Bombardier Inc.</name>
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        <name>Broadcom Inc</name>
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        <name>Spirit Aviation Holdings Inc.</name>
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        <name>Humana Inc.</name>
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        <name>Southern California Edison Company</name>
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        <name>OCCU AUTO RECEIVABLES TRUST 2023-1</name>
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        <name>Government National Mortgage Association</name>
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        <name>RTX Corp.</name>
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        <name>Las Vegas Sands Corp</name>
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        <name>CHICAGO MERCANTILE EXCHANGE</name>
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        <name>Battery Park CLO Ltd.</name>
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        <name>NAVIENT PRIVATE EDUCATION REFI LOAN</name>
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        <name>Virgin Media Bristol LLC</name>
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        <name>Spirit Airlines Contingent</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>ELMWOOD CLO 29 LTD</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>Spirit Airlines, LLC</name>
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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>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
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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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      <invstOrSec>
        <name>Canadian Pacific Railway Company</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
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        <title>MS V5.656 04/18/30</title>
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          <isin value="US61747YFQ35"/>
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        <curCd>USD</curCd>
        <valUSD>2277328.74000000</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>2030-04-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65600000</annualizedRt>
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        <name>Teva Pharmaceutical Finance Netherlands III B.V.</name>
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        <title>TEVA 5.125 05/09/29</title>
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        <curCd>USD</curCd>
        <valUSD>212452.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-09</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Cencora Inc</name>
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        <title>COR 4.625 12/15/27</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>AERCAP IRELAND CAPITAL DAC</name>
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        <title>AER 6.1 01/15/27</title>
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        <balance>1890000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
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        <name>Bank of Nova Scotia</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MidCap Financial Issuer Trust</name>
        <lei>N/A</lei>
        <title>MIDCAP 5.37 04/15/29 144A</title>
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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>5.37000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2016-H07 FK</title>
        <cusip>38376RRL2</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>Nexstar Media Inc</name>
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        <title>Nexstar Broadcasting Term Loan B 250 2032-06-14</title>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>TPMT 2019-HY1 B1</title>
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        <invCountry>US</invCountry>
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        <debtSec>
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      <invstOrSec>
        <name>New Century Home Equity Loan Trust 2005-1</name>
        <lei>N/A</lei>
        <title>NCHET 2004-2 M2</title>
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        <name>HILDENE COM 2015-R FDG CDO LTD</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Alphabet Inc.</name>
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        <title>GOOGL 3.875 11/15/28</title>
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        <name>DELTA AIR LINES INC</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>DAL 2 06/10/28 AA</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Legacy Mortgage Trust 2018-Rpl5</name>
        <lei>N/A</lei>
        <title>LMAT 2021-GS5 A1</title>
        <cusip>52475XAA2</cusip>
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        <balance>943658.78000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>UnitedHealth Group Inc.</name>
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        <name>Setanta Aircraft Leasing DAC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>BANK 2021-BNK36</name>
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        <name>SV RNO Property Owner 1 LLC</name>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM3</name>
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        <name>Amazon.com, Inc.</name>
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        <name>SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-B</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Aon North America Inc.</name>
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        <name>Legacy Mortgage Trust 2018-Rpl5</name>
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        <name>PRKCM 2024-HOME1 TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>ONSLOW BAY FINANCIAL LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Spirit Airlines, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verizon Communications Inc.</name>
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        <name>GM Financial Consumer Automobile Receivables Trust 2019-3</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-16</maturityDt>
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      <invstOrSec>
        <name>AIMCO CLO 22 LTD / LLC</name>
        <lei>N/A</lei>
        <title>AIMCO 2024-22A A</title>
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          <isin value="US00901UAA16"/>
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        <balance>323000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>323419.90000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2019-H16 CF</title>
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          <isin value="US38380LF651"/>
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        <curCd>USD</curCd>
        <valUSD>867141.08000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2069-10-20</maturityDt>
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        <name>CARVAL CLO XI-C LTD /LLC</name>
        <lei>254900BDRF474L9PWM54</lei>
        <title>CARVL 2024-3A A1</title>
        <cusip>14688RAA8</cusip>
        <identifiers>
          <isin value="US14688RAA86"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.05763000</annualizedRt>
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      <invstOrSec>
        <name>UBS AG LONDON BRANCH</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS 1.25 06/01/26</title>
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          <isin value="US902674ZZ69"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1192014.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>1.25000000</annualizedRt>
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      <invstOrSec>
        <name>1261229 Bc Ltd.</name>
        <lei>N/A</lei>
        <title>BHCCN 10 04/15/32 144A</title>
        <cusip>68288AAA5</cusip>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Mckesson Corp.</name>
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        <name>Royal Caribbean Group</name>
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        <name>Navient Student Loan Trust 2014-4</name>
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        <title>NAVSL 2021-1A A1B</title>
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        <name>The Connecticut Light and Power Company</name>
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        <name>Rent-A-Center Inc</name>
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        <name>Csmc 2019-Afc1 Trust</name>
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        <name>Columbia Pipelines Holding Co. LLC</name>
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        <title>CPGX 6.055 08/15/26 144A</title>
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        <name>Japan Tobacco Inc</name>
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        <title>JAPTOB 4.85 05/15/28 144A</title>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>NEE 5.15 06/15/29</title>
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        <name>Citigroup Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Inversiones CMPC SA</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Perusahaan Listrik Negara PT</name>
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        <name>Prosus NV</name>
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        <name>SOTHEBY'S</name>
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        <name>Georgia-Pacific LLC</name>
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        <name>OBX 2021-NQM3 TR</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHICAGO MERCANTILE EXCHANGE</name>
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        <name>Humana Inc.</name>
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        <name>SLM Student Loan Trust</name>
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        <name>BX COMMERCIAL MORTGAGE TRUST 2024-B</name>
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        <name>Mercedes-Benz Finance North America LLC</name>
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        <name>Medline Borrower LP</name>
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        <name>Bank of America Corp.</name>
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        <name>Capital One Prime Auto Receivables Trust 2023-1</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX COMMERCIAL MORTGAGE TRUST 2022-A</name>
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        <title>BX 2022-AHP A</title>
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          <isin value="US05610FAA57"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Western Midstream Operating LP</name>
        <lei>L6D8A6MLSY454J2JXJ60</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Airlines Pass Through Trust 2015-1A</name>
        <lei>N/A</lei>
        <title>AAL 3.375 05/01/27</title>
        <cusip>023770AA8</cusip>
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          <isin value="US023770AA81"/>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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          <isin value="US694308JF52"/>
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        <balance>2330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2271808.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.10000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 784985</title>
        <cusip>3622AANA8</cusip>
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          <isin value="US3622AANA84"/>
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        <balance>18750.93000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17992.40000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Bayswater Park CLO Ltd. / Bayswater Park CLO LLC</name>
        <lei>254900BXH0PMWI87VS84</lei>
        <title>BAYPK 2023-1A AR</title>
        <cusip>072929AQ5</cusip>
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          <isin value="US072929AQ56"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>649675.07000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Phantom 2026-1 Aviation Ltd. / Phantom 2026-1 Aviation LLC</name>
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        <title>PHNTOM 2026-1A A</title>
        <cusip>71711GAA3</cusip>
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          <isin value="US71711GAA31"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.24000000</annualizedRt>
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      <invstOrSec>
        <name>Asurion LLC / Asurion Co-Issuer Inc</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion First-lien Term Loan B-14 375 2033-02-09</title>
        <cusip>04649VBF6</cusip>
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          <isin value="US04649VBF67"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Continental Resources, Inc.</name>
        <lei>XXRTID9RYWOZ0UPIVR53</lei>
        <title>CLR 4.375 01/15/28</title>
        <cusip>212015AS0</cusip>
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          <isin value="US212015AS02"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>831925.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC 4.3 07/22/27 GMTN</title>
        <cusip>94974BGL8</cusip>
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          <isin value="US94974BGL80"/>
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        <balance>2000000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SYMPHONY CLO 52 LTD</name>
        <lei>N/A</lei>
        <title>SYMP 2025-52A AR</title>
        <cusip>87170MAC6</cusip>
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          <isin value="US87170MAC64"/>
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        <balance>790000.00000000</balance>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MAD COMMERCIAL MORTGAGE TRUST 2025-11MD</name>
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        <title>MAD 2025-11MD A</title>
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        <name>MF1 2026-FL21 LLC</name>
        <lei>N/A</lei>
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        <name>LPL Holdings Inc.</name>
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        <title>LPLA 4.9 04/03/28</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>NRZT 2021-NQM3 A1</title>
        <cusip>64831TAA5</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GFL Environmental Holdings (US) Inc.</name>
        <lei>N/A</lei>
        <title>GFLCN 5.5 02/01/34 144A</title>
        <cusip>36273TAA8</cusip>
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          <isin value="US36273TAA88"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OCEAN TRAILS CLO X</name>
        <lei>635400RMMLHBGDGXBC03</lei>
        <title>OCTR 2020-10A AR2</title>
        <cusip>67516CAW9</cusip>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>571067.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>ENTERPRISE FLEET FIN 2021-1</name>
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        <name>APIDOS CLO XXX LTD</name>
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        <name>Vontier Corporation</name>
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        <name>Spirit Aviation Holdings Inc.</name>
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        <name>AIMCO CLO 15 LTD</name>
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        <name>Bayfront Iabs VII Pte Ltd.</name>
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        <name>Government National Mortgage Association</name>
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        <name>BX CML MTG TR 2021-CIP</name>
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        <name>Altria Group, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <name>HUB International Ltd</name>
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        <name>Government National Mortgage Association</name>
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        <name>Hyundai Capital America</name>
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        <name>Roche Holdings, Inc.</name>
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        <name>Altria Group, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Benchmark 2020-B16 Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US08163MAE75"/>
        </identifiers>
        <balance>620000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>565991.55000000</valUSD>
        <pctVal>0.124719863089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.66900000</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>American Express Company</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AXP V5.645 04/23/27</title>
        <cusip>025816DT3</cusip>
        <identifiers>
          <isin value="US025816DT39"/>
        </identifiers>
        <balance>690000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>691541.31000000</valUSD>
        <pctVal>0.152385556823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.64500000</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>CHICAGO BOARD OF TRADE</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>Ultra U.S. Treasury Bond Futures, Jun-2026,ETH</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="UBM6"/>
          <other otherDesc="FIGI" value="BBG01XB0MZQ3"/>
        </identifiers>
        <balance>-2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3784.70000000</valUSD>
        <pctVal>-0.00083398288</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>United States Treasury Bonds</issuerName>
                <issueTitle>T 4.75 11/15/53</issueTitle>
                <identifiers>
                  <cusip value="912810TV0"/>
                  <isin value="US912810TV08"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-18</expDate>
            <notionalAmt>-239402.80000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-3784.70000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lockheed Martin Corporation</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>LMT 4.15 08/15/28</title>
        <cusip>539830CK3</cusip>
        <identifiers>
          <isin value="US539830CK31"/>
        </identifiers>
        <balance>720000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>727510.37000000</valUSD>
        <pctVal>0.160311569567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</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>CROSS MORTGAGE TR 2024-H2</name>
        <lei>N/A</lei>
        <title>CROSS 2024-H2 A1</title>
        <cusip>22757BAA2</cusip>
        <identifiers>
          <isin value="US22757BAA26"/>
        </identifiers>
        <balance>208470.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>210636.58000000</valUSD>
        <pctVal>0.046415119482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.09300000</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>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP V5.125 01/13/29 144A</title>
        <cusip>09659W2V5</cusip>
        <identifiers>
          <isin value="US09659W2V59"/>
        </identifiers>
        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>867804.64000000</valUSD>
        <pctVal>0.191226310515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-13</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>Lightning Power LLC</name>
        <lei>254900BWCHJ03XRL8K59</lei>
        <title>LIGPLL 7.25 08/15/32 144A</title>
        <cusip>53229KAA7</cusip>
        <identifiers>
          <isin value="US53229KAA79"/>
        </identifiers>
        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>116854.32000000</valUSD>
        <pctVal>0.025749597837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RB5145</title>
        <cusip>3133KYWE5</cusip>
        <identifiers>
          <isin value="US3133KYWE57"/>
        </identifiers>
        <balance>1951185.27000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1720933.31000000</valUSD>
        <pctVal>0.379218677044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA F 06/18/26</title>
        <cusip>3135G07G2</cusip>
        <identifiers>
          <isin value="US3135G07G27"/>
        </identifiers>
        <balance>1210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1210367.45000000</valUSD>
        <pctVal>0.266712219735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.77493000</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>Black Pearl Compute LLC</name>
        <lei>N/A</lei>
        <title>BLKPRL 6.125 02/15/31 144A</title>
        <cusip>09216NAA8</cusip>
        <identifiers>
          <isin value="US09216NAA81"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204940.37000000</valUSD>
        <pctVal>0.045159923125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</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>SLM STUDENT LOAN TRUST 2005-4</name>
        <lei>549300L7X3DWAOC00Z83</lei>
        <title>SLMA 2005-4 B</title>
        <cusip>78442GPL4</cusip>
        <identifiers>
          <isin value="US78442GPL40"/>
        </identifiers>
        <balance>106605.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102578.85000000</valUSD>
        <pctVal>0.022603906591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.32862000</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>PALMER SQ LN FDG 24-1 LTD /LLC</name>
        <lei>N/A</lei>
        <title>PSTAT 2024-1A A1R</title>
        <cusip>69703NAJ3</cusip>
        <identifiers>
          <isin value="US69703NAJ37"/>
        </identifiers>
        <balance>920000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>920369.84000000</valUSD>
        <pctVal>0.202809389003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.47963000</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>Flutter Treasury Designated Activity Co.</name>
        <lei>635400JE8VLL9UFVIC38</lei>
        <title>FLTR 5.875 06/04/31 144A</title>
        <cusip>344045AB5</cusip>
        <identifiers>
          <isin value="US344045AB55"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>399111.63000000</valUSD>
        <pctVal>0.087946803889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Legg Mason Partners Income Trust</ncom:nameOfApplicant>
      <ncom:signature>Christopher Berarducci</ncom:signature>
      <ncom:signerName>Christopher Berarducci</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>