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      <invstOrSec>
        <name>CIFC Funding 2022-II Ltd</name>
        <lei>N/A</lei>
        <title>CIFC Funding 2022-II Ltd</title>
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          <isin value="US12567QAJ13"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TX Trust 2024-HOU</name>
        <lei>N/A</lei>
        <title>TX Trust 2024-HOU</title>
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          <isin value="US90216DAG79"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Secu</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2015-C29</title>
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          <isin value="US46644RBE45"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Gracie Point International Funding 2025-1 LLC</name>
        <lei>N/A</lei>
        <title>Gracie Point International Funding 2025-1 LLC</title>
        <cusip>38411WAD4</cusip>
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          <isin value="US38411WAD48"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BLP Commercial Mortgage Trust 2024-IND2</name>
        <lei>N/A</lei>
        <title>BLP Commercial Mortgage Trust 2024-IND2</title>
        <cusip>05625AAN1</cusip>
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          <isin value="US05625AAN19"/>
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        <balance>856655.83000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>8.01063000</annualizedRt>
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      <invstOrSec>
        <name>Gracie Point International Funding 2025-1 LLC</name>
        <lei>N/A</lei>
        <title>Gracie Point International Funding 2025-1 LLC</title>
        <cusip>38411WAC6</cusip>
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          <isin value="US38411WAC64"/>
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        <curCd>USD</curCd>
        <valUSD>127201.98000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgag</name>
        <lei>5493002S7XBI8CVRR075</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2015-NXS1</title>
        <cusip>94989HBM1</cusip>
        <identifiers>
          <isin value="US94989HBM16"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.85803600</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mor</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2020-NNN</title>
        <cusip>46652BBL2</cusip>
        <identifiers>
          <isin value="US46652BBL27"/>
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        <balance>366000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133590.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HESTIA RE LTD</name>
        <lei>549300QRKQ1ZKOXEMZ38</lei>
        <title>Hestia Re Ltd</title>
        <cusip>42815KAA0</cusip>
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          <isin value="US42815KAA07"/>
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        <balance>7142.86000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3571.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.73000000</annualizedRt>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2015-CCRE25 Mortgage Trust</title>
        <cusip>12593PBB7</cusip>
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          <isin value="US12593PBB76"/>
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        <balance>831794.59000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.76799000</annualizedRt>
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      <invstOrSec>
        <name>CIFC Funding Ltd</name>
        <lei>N/A</lei>
        <title>CIFC Funding 2020-II Ltd</title>
        <cusip>12547JAE3</cusip>
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          <isin value="US12547JAE38"/>
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        <balance>385000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
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      <invstOrSec>
        <name>Lmrk Issuer Co 2 LLC</name>
        <lei>549300TATF7H68SRLE80</lei>
        <title>Lmrk Issuer Co 2 LLC</title>
        <cusip>50209AAJ0</cusip>
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          <isin value="US50209AAJ07"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-15</maturityDt>
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          <annualizedRt>6.20000000</annualizedRt>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2022-R07</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2022-R07</title>
        <cusip>20754MAL1</cusip>
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          <isin value="US20754MAL19"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-25</maturityDt>
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          <annualizedRt>15.87419000</annualizedRt>
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      <invstOrSec>
        <name>CD Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CD 2017-CD3 Mortgage Trust</title>
        <cusip>12515GAH0</cusip>
        <identifiers>
          <isin value="US12515GAH02"/>
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        <balance>1978000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>730700.69000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.57459000</annualizedRt>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Secu</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2015-C27</title>
        <cusip>46644ABL5</cusip>
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          <isin value="US46644ABL52"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>871750.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.89810000</annualizedRt>
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      <invstOrSec>
        <name>Capital Automotive Reit</name>
        <lei>N/A</lei>
        <title>CARS-DB4 LP</title>
        <cusip>12510HAH3</cusip>
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          <isin value="US12510HAH30"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>759039.50000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.52000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC</name>
        <lei>N/A</lei>
        <title>Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC</title>
        <cusip>209031AC7</cusip>
        <identifiers>
          <isin value="US209031AC71"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1044915.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Mosaic Solar Loan Trust 2019-2</name>
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      <invstOrSec>
        <name>Hertz Vehicle Financing III LLC</name>
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      <invstOrSec>
        <name>Rad CLO 6 Ltd</name>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
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        <name>Flexential Issuer LLC</name>
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        <name>TruPS Financials Note Securitization 2025-2</name>
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        <name>Oportun Issuance Trust 2024-1</name>
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      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 40 Ltd</name>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
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        <name>BONANZA RE LTD</name>
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        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Societe Generale SA</name>
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        <name>Apollo Aviation Securitization</name>
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        <name>Palmer Square CLO 2021-4 Ltd</name>
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        <name>Fannie Mae - CAS</name>
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        <name>JP Morgan Chase Commercial Mor</name>
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        <name>Bank</name>
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          <maturityDt>2052-10-17</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mor</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2019-ICON UES</title>
        <cusip>46651CAL2</cusip>
        <identifiers>
          <isin value="US46651CAL28"/>
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        <balance>377000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>372792.08000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.45210000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMBB Commercial Mortgage Secu</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2016-C1</title>
        <cusip>46645LBF3</cusip>
        <identifiers>
          <isin value="US46645LBF31"/>
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        <balance>1189000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1159915.75000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.70574100</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Magnetite CLO Ltd</name>
        <lei>549300WG00K34O9YA435</lei>
        <title>Magnetite XXIII Ltd</title>
        <cusip>55954RAG5</cusip>
        <identifiers>
          <isin value="US55954RAG56"/>
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        <balance>1125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1130856.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.48400000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BENCHMARK Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2019-B14 Mortgage Trust</title>
        <cusip>08162YAJ1</cusip>
        <identifiers>
          <isin value="US08162YAJ10"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>788810.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.77268100</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 48 Ltd</name>
        <lei>549300FC7JRIZ6YLHK36</lei>
        <title>Neuberger Berman Loan Advisers CLO 48 Ltd</title>
        <cusip>64135GAU2</cusip>
        <identifiers>
          <isin value="US64135GAU22"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1003507.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.01846000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2023-R02</title>
        <cusip>20755AAD4</cusip>
        <identifiers>
          <isin value="US20755AAD46"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4311284.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.42419000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hotwire Funding LLC</name>
        <lei>254900ZCO90MCT7Y9348</lei>
        <title>Hotwire Funding LLC</title>
        <cusip>44148JAM1</cusip>
        <identifiers>
          <isin value="US44148JAM18"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>778304.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.18800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Bank Discount Notes</name>
        <lei>2549001DPIFGXC1TOL40</lei>
        <title>Federal Home Loan Bank Discount Notes</title>
        <cusip>313385TA4</cusip>
        <identifiers>
          <isin value="US313385TA41"/>
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        <balance>2145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2135758.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Avis Budget Rental Car Funding</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>Avis Budget Rental Car Funding AESOP LLC</title>
        <cusip>05377REU4</cusip>
        <identifiers>
          <isin value="US05377REU41"/>
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        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>542005.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.08000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2023-R04</title>
        <cusip>20754QAF5</cusip>
        <identifiers>
          <isin value="US20754QAF54"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2165050.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.22419000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>5493000ISONLNOUKGB71</lei>
        <title>Freddie Mac STACR REMIC Trust 2021-DNA6</title>
        <cusip>35564KLV9</cusip>
        <identifiers>
          <isin value="US35564KLV97"/>
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        <balance>2280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2381518.37000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.37419000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust 2016-GS4</title>
        <cusip>36251XAY3</cusip>
        <identifiers>
          <isin value="US36251XAY31"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.90827000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal Home Loan Bank Discount Notes</name>
        <lei>2549001DPIFGXC1TOL40</lei>
        <title>Federal Home Loan Bank Discount Notes</title>
        <cusip>313385RM0</cusip>
        <identifiers>
          <isin value="US313385RM07"/>
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        <balance>541000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>540630.77000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TruPS Financials Note Securitization 2025-2</name>
        <lei>N/A</lei>
        <title>TruPS Financials Note Securitization 2025-2</title>
        <cusip>89822HAC5</cusip>
        <identifiers>
          <isin value="US89822HAC51"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1011493.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
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          <annualizedRt>6.22243000</annualizedRt>
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      <invstOrSec>
        <name>SMR 2022-IND Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SMR 2022-IND Mortgage Trust</title>
        <cusip>78458MAG9</cusip>
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          <isin value="US78458MAG96"/>
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        <balance>1602435.01000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1612956.44000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
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          <annualizedRt>7.70012000</annualizedRt>
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      <invstOrSec>
        <name>PKHL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>PKHL Commercial Mortgage Trust 2021-MF</title>
        <cusip>69356GAA7</cusip>
        <identifiers>
          <isin value="US69356GAA76"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
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          <annualizedRt>4.74548000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 34 Ltd</name>
        <lei>5493009EGZQAPYYVLD80</lei>
        <title>Neuberger Berman Loan Advisers CLO 34 Ltd</title>
        <cusip>64132PAN1</cusip>
        <identifiers>
          <isin value="US64132PAN15"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502889.50000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.88444000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MTN Commercial Mortgage Trust 2022-LPFL</name>
        <lei>N/A</lei>
        <title>MTN Commercial Mortgage Trust 2022-LPFL</title>
        <cusip>62475WAL9</cusip>
        <identifiers>
          <isin value="US62475WAL90"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1003488.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.60516900</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Residential Reinsurance 2025 Ltd</name>
        <lei>N/A</lei>
        <title>Residential Reinsurance 2025 Ltd</title>
        <cusip>76091DAC5</cusip>
        <identifiers>
          <isin value="US76091DAC56"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>257350.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.78281000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DK Trust</name>
        <lei>N/A</lei>
        <title>DK Trust</title>
        <cusip>23292LAG7</cusip>
        <identifiers>
          <isin value="US23292LAG77"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1005243.00000000</valUSD>
        <pctVal>0.948837217731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.62526000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cantor Commercial Real Estate</name>
        <lei>N/A</lei>
        <title>CF 2020-P1 Mortgage Trust</title>
        <cusip>12529WAN6</cusip>
        <identifiers>
          <isin value="US12529WAN65"/>
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        <balance>23911.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23774.84000000</valUSD>
        <pctVal>0.022440795944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.84000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MFT Trust 2020-ABC</name>
        <lei>N/A</lei>
        <title>MFT Trust 2020-ABC</title>
        <cusip>55317BAG2</cusip>
        <identifiers>
          <isin value="US55317BAG23"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>531507.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.59259000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2023-R05</title>
        <cusip>207942AC7</cusip>
        <identifiers>
          <isin value="US207942AC73"/>
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        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2410960.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.62419000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Helios Issuer, LLC</name>
        <lei>N/A</lei>
        <title>Sunnova Helios XII Issuer LLC</title>
        <cusip>86745YAC8</cusip>
        <identifiers>
          <isin value="US86745YAC84"/>
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        <balance>430875.04000000</balance>
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        <curCd>USD</curCd>
        <valUSD>316321.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2023-R06</title>
        <cusip>20754EAF2</cusip>
        <identifiers>
          <isin value="US20754EAF25"/>
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        <balance>2280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2403700.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.18758000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARDN 2025-ARCP Mortgage Trust</name>
        <lei>N/A</lei>
        <title>ARDN 2025-ARCP Mortgage Trust</title>
        <cusip>039961AG2</cusip>
        <identifiers>
          <isin value="US039961AG23"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1004032.40000000</valUSD>
        <pctVal>0.947694546421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.75012000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2015-CCRE24 Mortgage Trust</title>
        <cusip>12593JBL9</cusip>
        <identifiers>
          <isin value="US12593JBL98"/>
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        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1655325.00000000</valUSD>
        <pctVal>1.562442083597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.46300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lmdv Issuer Co LLC</name>
        <lei>254900A6HRP8XHJJGM20</lei>
        <title>Lmdv Issuer Co LLC</title>
        <cusip>538908AE4</cusip>
        <identifiers>
          <isin value="US538908AE48"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>999900.00000000</valUSD>
        <pctVal>0.943794021952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.88000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mexico Remittances Funding Fiduciary Estate Management Sarl</name>
        <lei>54930007WQ6S3GFCM563</lei>
        <title>Mexico Remittances Funding Fiduciary Estate Management Sarl</title>
        <cusip>593035AB4</cusip>
        <identifiers>
          <isin value="US593035AB42"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1030000.00000000</valUSD>
        <pctVal>0.972205063117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lmrk Issuer Co 2 LLC</name>
        <lei>549300TATF7H68SRLE80</lei>
        <title>Lmrk Issuer Co 2 LLC</title>
        <cusip>50209AAK7</cusip>
        <identifiers>
          <isin value="US50209AAK79"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402462.00000000</valUSD>
        <pctVal>0.379879217584</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>5493000ISA3AUOXQEF68</lei>
        <title>Freddie Mac STACR REMIC Trust 2022-DNA2</title>
        <cusip>35564KSJ9</cusip>
        <identifiers>
          <isin value="US35564KSJ96"/>
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        <balance>4400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4575663.84000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.10603000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cantor Commercial Real Estate Lending 2019-CF1</name>
        <lei>N/A</lei>
        <title>Cantor Commercial Real Estate Lending 2019-CF1</title>
        <cusip>12529MAL2</cusip>
        <identifiers>
          <isin value="US12529MAL28"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>854724.20000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.35240000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gracie Point International Funding 2024-1 LLC</name>
        <lei>N/A</lei>
        <title>Gracie Point International Funding 2024-1 LLC</title>
        <cusip>38410KAD1</cusip>
        <identifiers>
          <isin value="US38410KAD19"/>
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        <balance>173000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>173303.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.34021000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp Trust 2018-TWR</title>
        <cusip>36251SAU2</cusip>
        <identifiers>
          <isin value="US36251SAU24"/>
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        <balance>892000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74469.07000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.97266000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2021-R03</title>
        <cusip>20754AAJ2</cusip>
        <identifiers>
          <isin value="US20754AAJ25"/>
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        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>646606.25000000</valUSD>
        <pctVal>0.610324145721</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.37419000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ILPT Commercial Mortgage Trust 2025-LPF2</name>
        <lei>N/A</lei>
        <title>ILPT Commercial Mortgage Trust 2025-LPF2</title>
        <cusip>451955AJ7</cusip>
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          <isin value="US451955AJ74"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>DOLP Trust</name>
        <lei>N/A</lei>
        <title>DOLP Trust 2021-NYC</title>
        <cusip>23345LAC3</cusip>
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          <isin value="US23345LAC37"/>
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        <balance>33000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.66526200</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2022-R05</title>
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          <isin value="US20754DAJ63"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ExteNet Issuer LLC</name>
        <lei>N/A</lei>
        <title>ExteNet Issuer LLC</title>
        <cusip>30227XAL5</cusip>
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          <isin value="US30227XAL55"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-25</maturityDt>
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          <annualizedRt>9.05000000</annualizedRt>
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      <invstOrSec>
        <name>MVW 2020-1 LLC</name>
        <lei>N/A</lei>
        <title>MVW 2020-1 LLC</title>
        <cusip>55400EAD1</cusip>
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          <isin value="US55400EAD13"/>
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        <balance>95764.03000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Natixis Commercial Mortgage Se</name>
        <lei>N/A</lei>
        <title>Natixis Commercial Mortgage Securities Trust 2019-MILE</title>
        <cusip>63875FAN6</cusip>
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          <isin value="US63875FAN69"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-15</maturityDt>
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      <invstOrSec>
        <name>Mosaic Solar Loans LLC</name>
        <lei>N/A</lei>
        <title>Mosaic Solar Loan Trust 2020-2</title>
        <cusip>61946PAD5</cusip>
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          <isin value="US61946PAD50"/>
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        <balance>450704.14000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-20</maturityDt>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mor</name>
        <lei>N/A</lei>
        <title>JPMCC Commercial Mortgage Securities Trust 2017-JP6</title>
        <cusip>48128KAA9</cusip>
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          <isin value="US48128KAA97"/>
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        <balance>1500000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-15</maturityDt>
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          <annualizedRt>4.44632300</annualizedRt>
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      <invstOrSec>
        <name>Frontier Issuer LLC</name>
        <lei>N/A</lei>
        <title>Frontier Issuer LLC</title>
        <cusip>35910EAC8</cusip>
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          <isin value="US35910EAC84"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1544266.05000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bonanza RE Ltd</name>
        <lei>5493003F0CXUQ2C83105</lei>
        <title>Bonanza RE Ltd</title>
        <cusip>09785EAR2</cusip>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Bank Discount Notes</name>
        <lei>2549001DPIFGXC1TOL40</lei>
        <title>Federal Home Loan Bank Discount Notes</title>
        <cusip>313385RG3</cusip>
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          <isin value="US313385RG39"/>
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        <balance>681000.00000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CD Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CD 2016-CD2 Mortgage Trust</title>
        <cusip>12515ABJ8</cusip>
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          <isin value="US12515ABJ88"/>
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        <balance>1500000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Elmwood CLO 26 Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO 26 Ltd</title>
        <cusip>29004DAA4</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-04-18</maturityDt>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2013-LC13 Mortgage Trust</title>
        <cusip>12626GAT0</cusip>
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          <isin value="US12626GAT04"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-10</maturityDt>
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      <invstOrSec>
        <name>Cayuga Park CLO Ltd</name>
        <lei>549300SVH2QJEV4A2G21</lei>
        <title>Cayuga Park CLO Ltd</title>
        <cusip>149790AM9</cusip>
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        <balance>750000.00000000</balance>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Capital Automotive LP</name>
        <lei>N/A</lei>
        <title>Cars Net Lease Mortgage Notes Series 2020-1</title>
        <cusip>14576AAE2</cusip>
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          <isin value="US14576AAE29"/>
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        <balance>2000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apidos CLO XLII Ltd</name>
        <lei>213800XUV3WLXWBKOJ53</lei>
        <title>Apidos CLO XLII Ltd</title>
        <cusip>03770GAW6</cusip>
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        <balance>750000.00000000</balance>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-20</maturityDt>
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      <invstOrSec>
        <name>Allegro CLO XIII Ltd</name>
        <lei>254900E6QZJ305P65V74</lei>
        <title>Allegro CLO XIII Ltd</title>
        <cusip>01750XAE7</cusip>
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        <balance>500000.00000000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-20</maturityDt>
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          <annualizedRt>10.18444000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REESE PARK CLO LTD</name>
        <lei>N/A</lei>
        <title>REESE PARK CLO LTD</title>
        <cusip>758464AN1</cusip>
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          <isin value="US758464AN13"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>345270.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.90454000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NEW YORK (THE)</name>
        <lei>529900MRL9Z13ZCRVD74</lei>
        <title>Lucid Prime Fund LLC</title>
        <cusip>956DUU007</cusip>
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          <ticker value="956DUU007"/>
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        <balance>-7068000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-7068000.00000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="529900MRL9Z13ZCRVD74" name="Lucid Prime Fund LLC"/>
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          <isTriParty>N</isTriParty>
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          <maturityDt>2026-01-15</maturityDt>
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            <repurchaseCollateral>
              <principalAmt>3175000.00000000</principalAmt>
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              <collateralVal>3125780.07000000</collateralVal>
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              <invstCat>ABS</invstCat>
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            <repurchaseCollateral>
              <principalAmt>5800000.00000000</principalAmt>
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              <invstCat>ACMO</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CIFC Funding Ltd</name>
        <lei>N/A</lei>
        <title>CIFC Funding Ltd</title>
        <cusip>12575YAA3</cusip>
        <identifiers>
          <isin value="US12575YAA38"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501505.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.51876000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-CCRE15 Mortgage Trust</title>
        <cusip>12591RBF6</cusip>
        <identifiers>
          <isin value="US12591RBF64"/>
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        <balance>925000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>893266.30000000</valUSD>
        <pctVal>0.843143708322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.96259200</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 40 Ltd</name>
        <lei>549300Y2YE54ON4DJE28</lei>
        <title>Neuberger Berman Loan Advisers CLO 40 Ltd</title>
        <cusip>64134JAS2</cusip>
        <identifiers>
          <isin value="US64134JAS24"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>502291.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.90001000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PKHL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>PKHL Commercial Mortgage Trust 2021-MF</title>
        <cusip>69356GAL3</cusip>
        <identifiers>
          <isin value="US69356GAL32"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>699414.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.86548000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GRACIE POINT INTERNATIONAL FUNDING 2023-2</name>
        <lei>N/A</lei>
        <title>GRACIE POINT INTERNATIONAL FUNDING 2023-2</title>
        <cusip>38410JAC6</cusip>
        <identifiers>
          <isin value="US38410JAC62"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002652.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.59671000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Start Ltd.</name>
        <lei>N/A</lei>
        <title>Start II LTD</title>
        <cusip>85573LAB7</cusip>
        <identifiers>
          <isin value="US85573LAB71"/>
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        <balance>375329.35000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>374628.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.09500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Mortgage Loan T</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Mortgage Loan Trust 2007-15AR</title>
        <cusip>61756XAG0</cusip>
        <identifiers>
          <isin value="US61756XAG07"/>
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        <balance>166022.21000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>115032.31000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.23965000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp Trust 2018-TWR</title>
        <cusip>36251SAS7</cusip>
        <identifiers>
          <isin value="US36251SAS77"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65789.85000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.84800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Secu</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2014-C22</title>
        <cusip>46642NBK1</cusip>
        <identifiers>
          <isin value="US46642NBK19"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1887941.60000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.51317500</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zayo Issuer LLC</name>
        <lei>N/A</lei>
        <title>Zayo Issuer LLC</title>
        <cusip>98919WAE3</cusip>
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          <isin value="US98919WAE30"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>518551.20000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.65900000</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>Hardee's Funding LLC and Carls</name>
        <lei>N/A</lei>
        <title>Hardee's Funding LLC</title>
        <cusip>411707AH5</cusip>
        <identifiers>
          <isin value="US411707AH55"/>
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        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>459644.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.98100000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>5493000IS4M3TZMRB410</lei>
        <title>Freddie Mac STACR REMIC Trust 2022-DNA3</title>
        <cusip>35564KWA3</cusip>
        <identifiers>
          <isin value="US35564KWA32"/>
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        <balance>3250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3435851.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.21800000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MRCD Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MRCD 2019-MARK Mortgage Trust</title>
        <cusip>55348UAS7</cusip>
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          <isin value="US55348UAS78"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>2.71752000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2022-R01</title>
        <cusip>20754LAJ8</cusip>
        <identifiers>
          <isin value="US20754LAJ89"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2177644.14000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.87419000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2023-R06</title>
        <cusip>20754EAJ4</cusip>
        <identifiers>
          <isin value="US20754EAJ47"/>
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        <balance>3110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3368645.95000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-25</maturityDt>
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        <name>Armor RE II Ltd</name>
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        <name>Hin Timeshare Trust</name>
        <lei>N/A</lei>
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        <name>MetroNet Infrastructure Issuer LLC</name>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage S</name>
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        <name>LUNAR AIRCRAFT 2020-1 LIMITED</name>
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        <name>Frontier Issuer LLC</name>
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        <name>Uniti Fiber Abs Issuer LLC</name>
        <lei>N/A</lei>
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          <isin value="US91326EAC93"/>
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        <name>Elara Hgv Timeshare Issuer 2025-A LLC</name>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-UBS3 Mortgage Trust</title>
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        <name>Freddie Mac Discount Notes</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Discount Notes</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>CIP Commercial Mortgage Trust 2025-SBAY</name>
        <lei>N/A</lei>
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        <cusip>12576AAJ5</cusip>
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        <name>CD Commercial Mortgage Trust</name>
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        <name>Freddie Mac - STACR</name>
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        <name>Oportun Funding LLC</name>
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        <name>Ares LXIII CLO Ltd</name>
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        <name>ARDN 2025-ARCP Mortgage Trust</name>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
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        <title>COMM 2014-CCRE17 Mortgage Trust</title>
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        <name>COMM Mortgage Trust</name>
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        <title>COMM 2015-CCRE23 Mortgage Trust</title>
        <cusip>12593ABF1</cusip>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.18771000</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>JP Morgan Chase Commercial Mor</name>
        <lei>N/A</lei>
        <title>JPMCC Commercial Mortgage Securities Trust 2017-JP7</title>
        <cusip>465968AM7</cusip>
        <identifiers>
          <isin value="US465968AM74"/>
        </identifiers>
        <balance>1849000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1277292.16000000</valUSD>
        <pctVal>1.205621267021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.41785300</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>Oportun Issuance Trust 2025-B</name>
        <lei>N/A</lei>
        <title>Oportun Issuance Trust 2025-B</title>
        <cusip>68378QAE3</cusip>
        <identifiers>
          <isin value="US68378QAE35"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1007880.90000000</valUSD>
        <pctVal>0.951327100970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.40000000</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>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp Trust 2018-TWR</title>
        <cusip>36251SAN8</cusip>
        <identifiers>
          <isin value="US36251SAN80"/>
        </identifiers>
        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>155359.05000000</valUSD>
        <pctVal>0.146641606806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.64800000</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>ACRE COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>ACRE Commercial Mortgage 2021-FL4 Ltd</title>
        <cusip>00489TAJ5</cusip>
        <identifiers>
          <isin value="US00489TAJ51"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1436515.80000000</valUSD>
        <pctVal>1.355910615542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.94895000</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>Centersquare Issuer LLC</name>
        <lei>N/A</lei>
        <title>Centersquare Issuer LLC</title>
        <cusip>15201EAB0</cusip>
        <identifiers>
          <isin value="US15201EAB02"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>979864.00000000</valUSD>
        <pctVal>0.924882273753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</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>Cajun Global LLC</name>
        <lei>N/A</lei>
        <title>Cajun Global LLC</title>
        <cusip>12803VAD7</cusip>
        <identifiers>
          <isin value="US12803VAD73"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>495925.95000000</valUSD>
        <pctVal>0.468098756816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.72000000</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>Freddie Mac Multifamily</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Multifamily ML Certificates</title>
        <cusip>35833TAB1</cusip>
        <identifiers>
          <isin value="US35833TAB17"/>
        </identifiers>
        <balance>7411158.08000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>651366.68000000</valUSD>
        <pctVal>0.614817460429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.22665000</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>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-CR14 Mortgage Trust</title>
        <cusip>12630DBB9</cusip>
        <identifiers>
          <isin value="US12630DBB91"/>
        </identifiers>
        <balance>393695.32000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>385467.09000000</valUSD>
        <pctVal>0.363837918993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.79165800</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>Natixis Commercial Mortgage Se</name>
        <lei>N/A</lei>
        <title>Natixis Commercial Mortgage Securities Trust 2019-MILE</title>
        <cusip>63875FAG1</cusip>
        <identifiers>
          <isin value="US63875FAG19"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>518894.04000000</valUSD>
        <pctVal>0.489778070785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.43000000</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>Gracie Point International Funding 2025-1 LLC</name>
        <lei>N/A</lei>
        <title>Gracie Point International Funding 2025-1 LLC</title>
        <cusip>38411WAB8</cusip>
        <identifiers>
          <isin value="US38411WAB81"/>
        </identifiers>
        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>325013.59000000</valUSD>
        <pctVal>0.306776560951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.02465000</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 Bank Discount Notes</name>
        <lei>2549001DPIFGXC1TOL40</lei>
        <title>Federal Home Loan Bank Discount Notes</title>
        <cusip>313385RS7</cusip>
        <identifiers>
          <isin value="US313385RS76"/>
        </identifiers>
        <balance>214000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>213749.62000000</valUSD>
        <pctVal>0.201755789129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac STACR REMIC Trust 2022-DNA3</name>
        <lei>5493000IS4M3TZMRB410</lei>
        <title>Freddie Mac STACR REMIC Trust 2022-DNA3</title>
        <cusip>35564KWG0</cusip>
        <identifiers>
          <isin value="US35564KWG02"/>
        </identifiers>
        <balance>2945000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3238365.00000000</valUSD>
        <pctVal>3.056655193419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>15.08743000</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>SUMIT 2022-BVUE Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SUMIT 2022-BVUE Mortgage Trust</title>
        <cusip>865592AC3</cusip>
        <identifiers>
          <isin value="US865592AC30"/>
        </identifiers>
        <balance>127100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>385303.65000000</valUSD>
        <pctVal>0.363683649871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.08232500</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>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
        <cusip>973MHZ000</cusip>
        <identifiers>
          <ticker value="973MHZ000"/>
        </identifiers>
        <balance>-8975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-8975000.00000000</valUSD>
        <pctVal>-8.47139848687</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="ES7IP3U3RHIGC71XBU11" name="Royal Bank of Canada"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.39000000</repurchaseRt>
          <maturityDt>2026-01-16</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>13970000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>14325143.83000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>ACMO</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Barclays Commercial Mortgage S</name>
        <lei>N/A</lei>
        <title>BBCMS Trust 2015-SRCH</title>
        <cusip>05547HAN1</cusip>
        <identifiers>
          <isin value="US05547HAN17"/>
        </identifiers>
        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1665761.83000000</valUSD>
        <pctVal>1.572293286479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.95655000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-12-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Nuveen Mortgage and Income Fund </ncom:nameOfApplicant>
      <ncom:signature>Gina Spunder</ncom:signature>
      <ncom:signerName>Gina Spunder</ncom:signerName>
      <ncom:title>Director, Fund Financial Reporting</ncom:title>
    </signature>
  </formData>
</edgarSubmission>