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      <invstOrSec>
        <name>Nexstar Media, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Iron Mountain, Inc.</name>
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      <invstOrSec>
        <name>Genesis Energy LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Olympus Water US Holding Corp.</name>
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        <title>Olympus Water US Holding Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
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      <invstOrSec>
        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>Transocean International Ltd.</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
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      <invstOrSec>
        <name>Clarios Global LP</name>
        <lei>N/A</lei>
        <title>Clarios Global LP</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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      <invstOrSec>
        <name>Hanesbrands, Inc.</name>
        <lei>GX5LWVWZLL5S4W1L2F20</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NCR Voyix Corp.</name>
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        <name>Froneri Lux FinCo. Sarl</name>
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        <name>Hilcorp Energy I LP</name>
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        <name>Genesis Energy LP</name>
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        <name>Permian Resources Operating LLC</name>
        <lei>5493004CTVUMQLRPOE23</lei>
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        <name>Nassau Cos. of New York (The)</name>
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        <name>Bread Financial Holdings, Inc.</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>Bread Financial Holdings, Inc.</title>
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      <invstOrSec>
        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Freedom Mortgage Holdings LLC</name>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arsenal AIC Parent LLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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          <isin value="US126307AZ02"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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      <invstOrSec>
        <name>Clarios Global LP</name>
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        <title>Clarios Global LP, 1st Lien Term Loan</title>
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          <isin value="XAC8000CAM55"/>
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        <valUSD>223498.99000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-06</maturityDt>
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      <invstOrSec>
        <name>Credit Acceptance Corp.</name>
        <lei>N/A</lei>
        <title>Credit Acceptance Corp.</title>
        <cusip>225310AQ4</cusip>
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          <isin value="US225310AQ40"/>
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        <balance>800000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-15</maturityDt>
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          <annualizedRt>9.25000000</annualizedRt>
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        <name>FTAI Aviation Investors LLC</name>
        <lei>529900E7PUVK6BC8PE80</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sotheby's</name>
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        <title>Sotheby's</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Mauser Packaging Solutions Holding Co.</name>
        <lei>549300DNGHXL0OMHW304</lei>
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        <name>Varex Imaging Corp.</name>
        <lei>549300CWYWPVCT8E9W67</lei>
        <title>Varex Imaging Corp.</title>
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        <name>Enova International, Inc.</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>Enova International, Inc.</title>
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        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
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        <name>Six Flags Entertainment Corp.</name>
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        <name>SPDR Bloomberg High Yield Bond ETF</name>
        <lei>549300NCLW2248PN7J24</lei>
        <title>SPDR Bloomberg High Yield Bond ETF</title>
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        <name>WESCO Distribution, Inc.</name>
        <lei>549300I2CEZJG9N4AH67</lei>
        <title>WESCO Distribution, Inc.</title>
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        <name>AmeriTex HoldCo Intermediate LLC</name>
        <lei>N/A</lei>
        <title>AmeriTex HoldCo Intermediate LLC</title>
        <cusip>030727AB7</cusip>
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        <balance>325000.00000000</balance>
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        <name>Sunoco LP</name>
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      <invstOrSec>
        <name>goeasy Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Post Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cloud Software Group, Inc.</name>
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        <name>GGAM Finance Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aramark Services, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Modena Buyer LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Smyrna Ready Mix Concrete LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IHO Verwaltungs GmbH</name>
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        <name>Constellium SE</name>
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        <name>Gen Digital, Inc.</name>
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        <name>ZF North America Capital, Inc.</name>
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        <name>Rocket Software, Inc.</name>
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        <name>Central Parent LLC</name>
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        <name>Live Nation Entertainment, Inc.</name>
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        <name>Nufarm Australia Ltd.</name>
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        <name>Maxam Prill Sarl</name>
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        <name>Dycom Industries, Inc.</name>
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        <name>Cinemark USA, Inc.</name>
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        <name>Clarivate Science Holdings Corp.</name>
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        <name>Voyager Parent LLC</name>
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        <name>Greystar Real Estate Partners LLC</name>
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        <name>ALLSPRING GOVT FUND LEX</name>
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        <name>Minerals Technologies, Inc.</name>
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        <name>Ahead DB Holdings LLC</name>
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        <name>EG Global Finance plc</name>
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        <name>MSCI, Inc.</name>
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        <name>Dye &amp; Durham Ltd.</name>
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        <name>DISH Network Corp.</name>
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        <name>Sound Inpatient Physicians, Inc.</name>
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        <name>SPDR Portfolio High Yield Bond ETF</name>
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        <name>CCO Holdings LLC</name>
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        <name>Sabre GLBL, Inc.</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>Sabre GLBL, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
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          <isin value="US92332YAE14"/>
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        <curCd>USD</curCd>
        <valUSD>155250.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LifePoint Health, Inc.</name>
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        <title>LifePoint Health, Inc.</title>
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          <isin value="US53219LAV18"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESCO Distribution, Inc.</name>
        <lei>549300I2CEZJG9N4AH67</lei>
        <title>WESCO Distribution, Inc.</title>
        <cusip>95081QAS3</cusip>
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          <isin value="US95081QAS30"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
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          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>Genesee &amp; Wyoming, Inc.</name>
        <lei>G617XSG94Z7G0RMW3L02</lei>
        <title>Genesee &amp; Wyoming, Inc.</title>
        <cusip>371559AB1</cusip>
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          <isin value="US371559AB15"/>
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        <balance>230000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>NCR Voyix Corp.</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>NCR Voyix Corp.</title>
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          <isin value="US62886EBA55"/>
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        <balance>178000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174974.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>McAfee Corp.</name>
        <lei>2549009UKR8UEZYVCR93</lei>
        <title>McAfee Corp.</title>
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          <isin value="US579063AB46"/>
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        <balance>762000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>706625.46000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IQVIA, Inc.</name>
        <lei>549300PLWY28YB00C717</lei>
        <title>IQVIA, Inc.</title>
        <cusip>46266TAC2</cusip>
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          <isin value="US46266TAC27"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>515432.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>Buckeye Partners LP</name>
        <lei>549300C1PQJLVEIUBK50</lei>
        <title>Buckeye Partners LP</title>
        <cusip>118230AM3</cusip>
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          <isin value="US118230AM30"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116727.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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      <invstOrSec>
        <name>Amynta Agency Borrower, Inc. and Amynta Warranty Borrower, Inc.</name>
        <lei>N/A</lei>
        <title>Amynta Agency Borrower, Inc. and Amynta Warranty Borrower, Inc.</title>
        <cusip>03238AAA3</cusip>
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        <curCd>USD</curCd>
        <valUSD>743567.25000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Global Auto Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>Global Auto Holdings Ltd.</title>
        <cusip>00033GAA3</cusip>
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          <isin value="US00033GAA31"/>
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        <balance>474000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>463880.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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        <name>Windstream Services LLC</name>
        <lei>N/A</lei>
        <title>Windstream Services LLC</title>
        <cusip>97381AAA0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>8.25000000</annualizedRt>
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        <name>Icahn Enterprises LP</name>
        <lei>N/A</lei>
        <title>Icahn Enterprises LP</title>
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        <balance>125000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
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        <name>Zayo Group Holdings, Inc.</name>
        <lei>529900Z6OTS7RT0V0I47</lei>
        <title>Zayo Group Holdings, Inc.</title>
        <cusip>98919VAB1</cusip>
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        <balance>328000.00000000</balance>
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        <valUSD>302383.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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        <name>Flutter Treasury DAC</name>
        <lei>635400JE8VLL9UFVIC38</lei>
        <title>Flutter Treasury DAC</title>
        <cusip>344045AB5</cusip>
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          <isin value="US344045AB55"/>
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        <balance>311000.00000000</balance>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-04</maturityDt>
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        <name>Surgery Center Holdings, Inc.</name>
        <lei>54930054EVI5HWPPW113</lei>
        <title>Surgery Center Holdings, Inc.</title>
        <cusip>86881WAF9</cusip>
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        <balance>557000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Genesis Energy LP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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        <name>Panther Escrow Issuer LLC</name>
        <lei>N/A</lei>
        <title>Panther Escrow Issuer LLC</title>
        <cusip>69867RAA5</cusip>
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          <isin value="US69867RAA59"/>
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        <balance>1051000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1093040.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
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      <invstOrSec>
        <name>NESCO Holdings II, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Summit Midstream Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Toucan FinCo Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US89157UAA51"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Service Properties Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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      <invstOrSec>
        <name>Clarios Global LP</name>
        <lei>N/A</lei>
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          <isin value="US18060TAE55"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-15</maturityDt>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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      <invstOrSec>
        <name>Blue Racer Midstream LLC</name>
        <lei>N/A</lei>
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          <isin value="US095796AK46"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>NGL Energy Operating LLC</name>
        <lei>N/A</lei>
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        <balance>777000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
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        <name>Service Corp. International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-15</maturityDt>
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        <name>LBM Acquisition LLC</name>
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        <curCd>USD</curCd>
        <valUSD>370925.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>US Foods, Inc.</name>
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        <title>US Foods, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Trivium Packaging Finance BV</name>
        <lei>724500GMZWW3PVYET548</lei>
        <title>Trivium Packaging Finance BV</title>
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        <invCountry>NL</invCountry>
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        <name>Reworld Holding Corp.</name>
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        <name>LABL, Inc.</name>
        <lei>5493004FUZN8R6Y3VB98</lei>
        <title>LABL, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Viking Baked Goods Acquisition Corp.</name>
        <lei>254900DBFD2H1FJK0893</lei>
        <title>Viking Baked Goods Acquisition Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Delek Logistics Partners LP</name>
        <lei>N/A</lei>
        <title>Delek Logistics Partners LP</title>
        <cusip>24665FAD4</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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      <invstOrSec>
        <name>Prestige Brands, Inc.</name>
        <lei>549300JBVP4J6D42I235</lei>
        <title>Prestige Brands, Inc.</title>
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        <name>Raising Cane's Restaurants LLC</name>
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        <name>ZoomInfo Technologies LLC</name>
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        <name>Univision Communications, Inc.</name>
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        <name>Novelis Corp.</name>
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        <name>Virgin Media Secured Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Scientific Games Holdings LP</name>
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          <maturityDt>2030-03-01</maturityDt>
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        <name>MPT Operating Partnership LP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
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        <name>Planview Parent, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Caribbean Cruises Ltd.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Crocs, Inc.</name>
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        <name>MPT Operating Partnership LP</name>
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        <name>First Brands Group LLC</name>
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        <name>Kinetik Holdings LP</name>
        <lei>549300RD6AJIMYC0HY12</lei>
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        <name>Acadia Healthcare Co., Inc.</name>
        <lei>5493005CW985Y9D0NC11</lei>
        <title>Acadia Healthcare Co., Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Armor Holdco, Inc.</name>
        <lei>254900X6HLK0YPTHHF09</lei>
        <title>Armor Holdco, Inc.</title>
        <cusip>04625PAA9</cusip>
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        <invCountry>US</invCountry>
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        <name>Proofpoint, Inc.</name>
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        <cusip>74345HAJ0</cusip>
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        <invCountry>US</invCountry>
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        <name>NCL Corp. Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCL Corp. Ltd.</title>
        <cusip>62886HBZ3</cusip>
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        <balance>404000.00000000</balance>
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        <valUSD>406290.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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      <invstOrSec>
        <name>Rivers Enterprise Lender LLC</name>
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      <invstOrSec>
        <name>NOVA Chemicals Corp.</name>
        <lei>549300ZOD6N7RI2FJP09</lei>
        <title>NOVA Chemicals Corp.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lightning Power LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilton Domestic Operating Co., Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>Hilton Domestic Operating Co., Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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      <invstOrSec>
        <name>Novelis Corp.</name>
        <lei>549300G5F3W3B52WYL23</lei>
        <title>Novelis Corp.</title>
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          <isin value="US670001AE60"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-01</maturityDt>
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          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>Herc Holdings, Inc.</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>Transocean International Ltd.</title>
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        <balance>275000.00000000</balance>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-15</maturityDt>
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          <annualizedRt>6.80000000</annualizedRt>
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      <invstOrSec>
        <name>Forvia SE</name>
        <lei>969500F0VMZLK2IULV85</lei>
        <title>Forvia SE</title>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202700.00000000</valUSD>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-15</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Tecta America Corp.</name>
        <lei>N/A</lei>
        <title>Tecta America Corp., 1st Lien Term Loan</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-18</maturityDt>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Allied Universal Holdco LLC</name>
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        <name>Advanced Drainage Systems, Inc.</name>
        <lei>6QQTOZ5MF5DHM7K92I60</lei>
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        <name>Enpro, Inc.</name>
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        <name>Mauser Packaging Solutions Holding Co.</name>
        <lei>549300DNGHXL0OMHW304</lei>
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        <name>Charles River Laboratories International, Inc.</name>
        <lei>549300BSQ0R4UZ5KX287</lei>
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        <name>Arsenal AIC Parent LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Sound Inpatient Physicians, Inc.</name>
        <lei>N/A</lei>
        <title>Sound Inpatient Physicians, Inc., 1st Lien Term Loan C</title>
        <cusip>83607JAF8</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chobani LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amkor Technology, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Owens-Brockway Glass Container, Inc.</name>
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          <isin value="US69073TAT07"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jump Financial LLC</name>
        <lei>N/A</lei>
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          <isin value="US48138UAE73"/>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-26</maturityDt>
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      <invstOrSec>
        <name>Sirius XM Radio LLC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
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          <isin value="US82967NBJ63"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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      <invstOrSec>
        <name>Genesis Energy LP</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>211622.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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      <invstOrSec>
        <name>Acadia Healthcare Co., Inc.</name>
        <lei>5493005CW985Y9D0NC11</lei>
        <title>Acadia Healthcare Co., Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Icahn Enterprises LP</name>
        <lei>N/A</lei>
        <title>Icahn Enterprises LP</title>
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        <curCd>USD</curCd>
        <valUSD>506625.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>Caesars Entertainment, Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>WR Grace Holdings LLC</name>
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        <name>CCO Holdings LLC</name>
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        <name>DaVita, Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
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        <name>RXO, Inc.</name>
        <lei>549300KL8CA6GP8XPM30</lei>
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        <name>OneMain Finance Corp.</name>
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        <name>Zebra Technologies Corp.</name>
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        <invCountry>US</invCountry>
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        <name>Terex Corp.</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>Terex Corp.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Husky Injection Molding Systems Ltd.</name>
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        <name>IQVIA, Inc.</name>
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        <name>Qnity Electronics, Inc.</name>
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        <name>Sealed Air Corp.</name>
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        <name>Sirius XM Radio LLC</name>
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        <name>IQVIA, Inc.</name>
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        <name>Freedom Mortgage Holdings LLC</name>
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        <name>goeasy Ltd.</name>
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        <name>Avient Corp.</name>
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        <name>CNX Midstream Partners LP</name>
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        <name>Sound Inpatient Physicians, Inc.</name>
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        <name>AmWINS Group, Inc.</name>
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        <name>Broadstreet Partners Group LLC</name>
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      <invstOrSec>
        <name>VICI Properties LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Howden UK Refinance plc</name>
        <lei>N/A</lei>
        <title>Howden UK Refinance plc</title>
        <cusip>44287GAA4</cusip>
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          <isin value="US44287GAA40"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Genesis Energy LP</name>
        <lei>N/A</lei>
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          <isin value="US37185LAR33"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>156795.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>Station Casinos LLC</name>
        <lei>5493004E7Q60TX54WL62</lei>
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          <isin value="US857691AG41"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294753.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Wand NewCo 3, Inc.</name>
        <lei>549300Y3VZEWMSQW8494</lei>
        <title>Wand NewCo 3, Inc.</title>
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          <isin value="US933940AA60"/>
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        <balance>601000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>633332.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-30</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Froneri Lux FinCo. Sarl</name>
        <lei>9845005YBZ75E5AA3B94</lei>
        <title>Froneri Lux FinCo. Sarl</title>
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          <isin value="US35901MAA53"/>
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        <curCd>USD</curCd>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Open Text Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Open Text Holdings, Inc.</title>
        <cusip>683720AC0</cusip>
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          <isin value="US683720AC08"/>
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        <balance>492000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>454755.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Applied Systems, Inc.</name>
        <lei>N/A</lei>
        <title>Applied Systems, Inc., 2nd Lien Term Loan</title>
        <cusip>03827FBC4</cusip>
        <identifiers>
          <isin value="US03827FBC41"/>
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        <balance>975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>996530.93000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.50150000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="134398"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-5616.45000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>Grifols SA</name>
        <lei>959800HSSNXWRKBK4N60</lei>
        <title>Grifols SA</title>
        <cusip>39843UAA0</cusip>
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          <isin value="US39843UAA07"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>267093.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>S&amp;S Holdings LLC</name>
        <lei>N/A</lei>
        <title>S&amp;S Holdings LLC</title>
        <cusip>78525CAA3</cusip>
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          <isin value="US78525CAA36"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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        <name>AthenaHealth Group, Inc.</name>
        <lei>254900AA3KZN4Q7A5Z33</lei>
        <title>AthenaHealth Group, Inc., 1st Lien Initial Term Loan</title>
        <cusip>04686RAB9</cusip>
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          <isin value="US04686RAB96"/>
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        <balance>298500.00000000</balance>
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        <valUSD>297540.62000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.91340000</annualizedRt>
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        <name>Venture Global Plaquemines LNG LLC</name>
        <lei>549300TKP4I6OJ02BF90</lei>
        <title>Venture Global Plaquemines LNG LLC</title>
        <cusip>922966AD8</cusip>
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          <isin value="US922966AD85"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>318090.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>White Cap Buyer LLC</name>
        <lei>N/A</lei>
        <title>White Cap Buyer LLC</title>
        <cusip>96350RAA2</cusip>
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          <isin value="US96350RAA23"/>
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        <balance>391000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Upbound Group, Inc.</name>
        <lei>529900QUHE15UQNCCJ63</lei>
        <title>Upbound Group, Inc.</title>
        <cusip>76009NAL4</cusip>
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          <isin value="US76009NAL47"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>740820.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>LifePoint Health, Inc.</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>LifePoint Health, Inc.</title>
        <cusip>53219LAW9</cusip>
        <identifiers>
          <isin value="US53219LAW90"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>247783.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <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>Beach Acquisition Bidco LLC</name>
        <lei>254900F2FNX3GBTB6202</lei>
        <title>Beach Acquisition Bidco LLC</title>
        <cusip>07337JAC1</cusip>
        <identifiers>
          <isin value="US07337JAC18"/>
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        <balance>825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>891000.00000000</valUSD>
        <pctVal>0.346014244797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Darling Ingredients, Inc.</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
        <title>Darling Ingredients, Inc.</title>
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        <name>Cloud Software Group, Inc.</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
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      <invstOrSec>
        <name>Nationstar Mortgage Holdings, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Forvia SE</name>
        <lei>969500F0VMZLK2IULV85</lei>
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        <name>SS&amp;C Technologies, Inc.</name>
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      <invstOrSec>
        <name>Clarios Global LP</name>
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        <name>Delek Logistics Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-30</maturityDt>
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        <name>Sirius XM Radio LLC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
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          <maturityDt>2031-09-01</maturityDt>
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        <name>Resideo Funding, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Axalta Coating Systems LLC</name>
        <lei>N/A</lei>
        <title>Axalta Coating Systems LLC</title>
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          <maturityDt>2027-06-15</maturityDt>
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        <name>Newell Brands, Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
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        <name>Williams Scotsman, Inc.</name>
        <lei>549300DAKDS8SCO1OT57</lei>
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        <name>Energizer Holdings, Inc.</name>
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        <name>Ardonagh Group Finance Ltd.</name>
        <lei>254900SRT1BTAJ76NW62</lei>
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        <name>Park Intermediate Holdings LLC</name>
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        <name>Fiesta Purchaser, Inc.</name>
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        <name>Ardagh Metal Packaging Finance USA LLC</name>
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        <name>ADT Security Corp. (The)</name>
        <lei>5493009JEEDYLVRA0J13</lei>
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      <invstOrSec>
        <name>JP MORGAN PRIME VAR 12/50</name>
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        <name>SunCoke Energy, Inc.</name>
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      <invstOrSec>
        <name>Transocean International Ltd.</name>
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        <name>Kingpin Intermediate Holdings LLC</name>
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        <name>AECOM</name>
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      <invstOrSec>
        <name>Open Text Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Stonex Escrow Issuer LLC</name>
        <lei>N/A</lei>
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        <name>LABL, Inc.</name>
        <lei>5493004FUZN8R6Y3VB98</lei>
        <title>LABL, Inc.</title>
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        <name>Kaseya, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arcosa, Inc.</name>
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        <name>Celanese US Holdings LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>Celanese US Holdings LLC</title>
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        <name>Helios Software Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Helios Software Holdings, Inc.</title>
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        <name>Primo Water Holdings, Inc.</name>
        <lei>N/A</lei>
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        <name>Champions Financing, Inc.</name>
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      <invstOrSec>
        <name>Kaseya, Inc.</name>
        <lei>N/A</lei>
        <title>Kaseya, Inc., 2nd Lien Initial Term Loan</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Harvest Midstream I LP</name>
        <lei>549300DW5M17KJOXCY66</lei>
        <title>Harvest Midstream I LP</title>
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        <balance>300000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>HB Fuller Co.</name>
        <lei>JSMX3Z5FOYM8V0Q52357</lei>
        <title>HB Fuller Co.</title>
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        <name>Howden UK Refinance plc</name>
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        <name>Block, Inc.</name>
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        <name>Ellucian Holdings, Inc.</name>
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        <name>Asurion LLC</name>
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        <name>CCO Holdings LLC</name>
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        <name>Outfront Media Capital LLC</name>
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        <name>Ascent Resources Utica Holdings LLC</name>
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        <name>Brand Industrial Services, Inc.</name>
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        <name>Garda World Security Corp.</name>
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        <name>CCO Holdings LLC</name>
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        <name>ION Trading Technologies Sarl</name>
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        <name>FTAI Aviation Investors LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Great Canadian Gaming Corp.</name>
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        <name>Bread Financial Holdings, Inc.</name>
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        <name>MS GOVT US LEX</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EMRLD Borrower LP</name>
        <lei>98450099EE3A0ZD5F786</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Alliant Holdings Intermediate LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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      <invstOrSec>
        <name>Suburban Propane Partners LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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        <name>Shift4 Payments LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-15</maturityDt>
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        <name>Cinemark USA, Inc.</name>
        <lei>54930008H2137JSCPQ09</lei>
        <title>Cinemark USA, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
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        <name>1011778 BC ULC</name>
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        <title>1011778 BC ULC</title>
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        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>Gray Media, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Media, Inc.</title>
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        <name>VistaJet Malta Finance plc</name>
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        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <name>Herc Holdings, Inc.</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings, Inc.</title>
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        <name>RHP Hotel Properties LP</name>
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        <name>VT Topco, Inc.</name>
        <lei>5493007T812R37X02Y38</lei>
        <title>VT Topco, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wyndham Hotels &amp; Resorts, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Owens-Brockway Glass Container, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Rentals North America, Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NOVA Chemicals Corp.</name>
        <lei>549300ZOD6N7RI2FJP09</lei>
        <title>NOVA Chemicals Corp.</title>
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        <curCd>USD</curCd>
        <valUSD>570260.75000000</valUSD>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Arterra Wines Canada, Inc.</name>
        <lei>N/A</lei>
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          <isin value="XAC0451BAD82"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-25</maturityDt>
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      <invstOrSec>
        <name>Goat Holdco LLC</name>
        <lei>N/A</lei>
        <title>Goat Holdco LLC</title>
        <cusip>38021MAA4</cusip>
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          <isin value="US38021MAA45"/>
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        <balance>442000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Constellium SE</name>
        <lei>724500KRJEMC79KAAU28</lei>
        <title>Constellium SE</title>
        <cusip>21039CAB0</cusip>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71343.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Allied Universal Holdco LLC</name>
        <lei>N/A</lei>
        <title>Allied Universal Holdco LLC</title>
        <cusip>019576AF4</cusip>
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          <isin value="US019576AF49"/>
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        <balance>482000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>495409.24000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>First Brands Group LLC</name>
        <lei>N/A</lei>
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        <cusip>31935HAG2</cusip>
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          <isin value="US31935HAG20"/>
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        <balance>146997.67800000</balance>
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        <curCd>USD</curCd>
        <valUSD>52000.43000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-30</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Quikrete Holdings, Inc.</name>
        <lei>5493007KIN86DIZWZT22</lei>
        <title>Quikrete Holdings, Inc.</title>
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        <balance>125000.00000000</balance>
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        <valUSD>129687.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Azorra Finance Ltd.</name>
        <lei>254900MC1HXDAVUUP395</lei>
        <title>Azorra Finance Ltd.</title>
        <cusip>05480AAA3</cusip>
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          <isin value="US05480AAA34"/>
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        <balance>1075000.00000000</balance>
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        <valUSD>1127406.25000000</valUSD>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Rivers Enterprise Borrower LLC</name>
        <lei>N/A</lei>
        <title>Rivers Enterprise Borrower LLC</title>
        <cusip>76883NAA9</cusip>
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          <isin value="US76883NAA90"/>
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        <balance>850000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Carnival Corp.</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp.</title>
        <cusip>143658CA8</cusip>
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          <isin value="US143658CA82"/>
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        <balance>504000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Neptune Bidco US, Inc.</name>
        <lei>549300VG15T3VCYZ4531</lei>
        <title>Neptune Bidco US, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>HUB International Ltd.</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HUB International Ltd.</title>
        <cusip>44332PAH4</cusip>
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          <isin value="US44332PAH47"/>
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        <balance>458000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>United Rentals North America, Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America, Inc.</title>
        <cusip>911365BR4</cusip>
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          <isin value="US911365BR47"/>
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        <balance>242000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.12500000</annualizedRt>
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        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC Holdings LLC</title>
        <cusip>126307BH9</cusip>
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          <isin value="US126307BH94"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>195000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Blue Racer Midstream LLC</name>
        <lei>N/A</lei>
        <title>Blue Racer Midstream LLC</title>
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        <name>Zayo Group Holdings, Inc.</name>
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        <name>Concentra Health Services, Inc.</name>
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        <name>Outfront Media Capital LLC</name>
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        <name>HealthEquity, Inc.</name>
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        <name>Camelot Finance SA</name>
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        <name>iShares Broad USD High Yield Corporate Bond ETF</name>
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        <name>PROG Holdings, Inc.</name>
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        <name>UKG, Inc.</name>
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        <name>Comstock Resources, Inc.</name>
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        <name>Carnival Corp.</name>
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        <name>Ellucian Holdings, Inc.</name>
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        <name>Performance Food Group, Inc.</name>
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        <name>Nationstar Mortgage Holdings, Inc.</name>
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        <name>Fortress Intermediate 3, Inc.</name>
        <lei>254900NLAZ3JQJW5JP75</lei>
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        <name>Aris Water Holdings LLC</name>
        <lei>5493007AWQW8ZKCHVV46</lei>
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        <name>INVESCO GOVT AND AGCY LEX</name>
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        <name>Kaiser Aluminum Corp.</name>
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        <name>Illuminate Buyer LLC</name>
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        <name>Crescent Energy Finance LLC</name>
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        <name>Victra Holdings LLC</name>
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        <name>DaVita, Inc.</name>
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        <name>Gray Media, Inc.</name>
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        <name>Clydesdale Acquisition Holdings, Inc.</name>
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        <name>Wildfire Intermediate Holdings LLC</name>
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        <name>Sirius XM Radio LLC</name>
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        <name>Venture Global Plaquemines LNG LLC</name>
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        <name>CSC Holdings LLC</name>
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        <name>Magnera Corp.</name>
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      <invstOrSec>
        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INEOS Quattro Finance 2 plc</name>
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        <title>INEOS Quattro Finance 2 plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gray Media, Inc.</name>
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          <isin value="US389375AN64"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Matador Resources Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>First Brands Group LLC</name>
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          <isin value="US31935HAD98"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-30</maturityDt>
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      <invstOrSec>
        <name>ASGN, Inc.</name>
        <lei>LZBNYYCBUKY537072438</lei>
        <title>ASGN, Inc.</title>
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          <isin value="US00191UAA07"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Park River Holdings, Inc.</name>
        <lei>254900PGY077KWCROT75</lei>
        <title>Park River Holdings, Inc.</title>
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          <isin value="US70082LAC19"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Parent, Inc.</name>
        <lei>N/A</lei>
        <title>Central Parent, Inc.</title>
        <cusip>15477CAA3</cusip>
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          <isin value="US15477CAA36"/>
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        <balance>511000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Leia Finco U.S. LLC</name>
        <lei>N/A</lei>
        <title>Leia Finco U.S. LLC, 2nd Lien Initial Term Loan</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-11</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Fiesta Purchaser, Inc.</name>
        <lei>N/A</lei>
        <title>Fiesta Purchaser, Inc.</title>
        <cusip>31659AAA4</cusip>
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          <isin value="US31659AAA43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Light &amp; Wonder International, Inc.</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>Light &amp; Wonder International, Inc.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-09-01</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Permian Resources Operating LLC</name>
        <lei>5493004CTVUMQLRPOE23</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>Garda World Security Corp.</title>
        <cusip>36485MAL3</cusip>
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        <invCountry>CA</invCountry>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>DaVita, Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DaVita, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Nationstar Mortgage Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Nationstar Mortgage Holdings, Inc.</title>
        <cusip>63861CAF6</cusip>
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          <isin value="US63861CAF68"/>
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        <invCountry>US</invCountry>
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        <name>LBM Acquisition LLC</name>
        <lei>549300FAEB3VWZL4NI86</lei>
        <title>LBM Acquisition LLC</title>
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        <balance>298000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Simmons Foods, Inc.</name>
        <lei>N/A</lei>
        <title>Simmons Foods, Inc.</title>
        <cusip>82873MAA1</cusip>
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          <isin value="US82873MAA18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>SM Energy Co.</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co.</title>
        <cusip>78454LAY6</cusip>
        <identifiers>
          <isin value="US78454LAY65"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>350000.00000000</valUSD>
        <pctVal>0.135920298181</pctVal>
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      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
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      <invstOrSec>
        <name>Outfront Media Capital LLC</name>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
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        <name>Prairie Acquiror LP</name>
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        <name>Stagwell Global LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Novelis Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pebblebrook Hotel LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
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        <name>Virgin Media Finance plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WEX, Inc.</name>
        <lei>T9M5IGROL1TL1G5OV478</lei>
        <title>WEX, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Station Casinos LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cushman &amp; Wakefield US Borrower LLC</name>
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        <name>Flutter Treasury DAC</name>
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        <balance>249000.00000000</balance>
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        <invCountry>IE</invCountry>
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        <name>EquipmentShare.com, Inc.</name>
        <lei>254900PWJK48CGPKPI80</lei>
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        <name>Matthews International Corp.</name>
        <lei>549300ZVC5O0ATML6U61</lei>
        <title>Matthews International Corp.</title>
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        <name>GGAM Finance Ltd.</name>
        <lei>254900X2QXEN0FVXRF65</lei>
        <title>GGAM Finance Ltd.</title>
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        <invCountry>KY</invCountry>

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        <name>StoneX Group, Inc.</name>
        <lei>549300JUF07L8VF02M60</lei>
        <title>StoneX Group, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>VistaJet Malta Finance plc</name>
        <lei>N/A</lei>
        <title>VistaJet Malta Finance plc</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
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        <name>NCL Corp. Ltd.</name>
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        <name>Madison IAQ LLC</name>
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        <name>EnerSys</name>
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        <name>Hillenbrand, Inc.</name>
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        <name>Open Text Corp.</name>
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        <name>Magnera Corp.</name>
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        <name>DaVita, Inc.</name>
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        <name>Ontario Gaming GTA LP</name>
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        <name>ACCO Brands Corp.</name>
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        <name>Camelot Return Merger Sub, Inc.</name>
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        <name>Pike Corp.</name>
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        <name>ATS Corp.</name>
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        <name>McGraw-Hill Education, Inc.</name>
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        <name>1011778 BC ULC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Acrisure LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AdaptHealth LLC</name>
        <lei>N/A</lei>
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          <isin value="US00653VAE11"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Beacon Mobility Corp.</name>
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          <isin value="US073644AA49"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freedom Mortgage Corp.</name>
        <lei>549300LYRWPSYPK6S325</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>12.00000000</annualizedRt>
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        <name>Rocket Cos., Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMN Healthcare, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Champ Acquisition Corp.</name>
        <lei>N/A</lei>
        <title>Champ Acquisition Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>Olympus Water US Holding Corp.</name>
        <lei>549300YU2GGVCBN3MY89</lei>
        <title>Olympus Water US Holding Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Leia Finco U.S. LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-09</maturityDt>
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        <name>Asurion LLC</name>
        <lei>549300KNQVXGIOXWK278</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Northern Oil &amp; Gas, Inc.</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
        <title>Northern Oil &amp; Gas, Inc.</title>
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        <name>WESCO Distribution, Inc.</name>
        <lei>549300I2CEZJG9N4AH67</lei>
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        <name>Helios Software Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Helios Software Holdings, Inc.</title>
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        <name>Rocket Cos., Inc.</name>
        <lei>N/A</lei>
        <title>Rocket Cos., Inc.</title>
        <cusip>77311WAB7</cusip>
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          <isin value="US77311WAB72"/>
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        <name>Loyalty Ventures, Inc.</name>
        <lei>N/A</lei>
        <title>Loyalty Ventures, Inc., 1st Lien Term Loan B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US54912FAD24"/>
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        <balance>305296.66000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-03</maturityDt>
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      <invstOrSec>
        <name>Ascend Learning LLC</name>
        <lei>N/A</lei>
        <title>Ascend Learning LLC, 1st Lien Initial Term Loan</title>
        <cusip>04349HAN4</cusip>
        <identifiers>
          <isin value="US04349HAN44"/>
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        <balance>847875.00000000</balance>
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        <valUSD>846638.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.16340000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Select Medical Corp.</name>
        <lei>549300X05KS0JKR8CB50</lei>
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        <name>Aretec Group, Inc.</name>
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        <name>Osaic Holdings, Inc.</name>
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        <name>Truist Insurance Holdings LLC</name>
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        <name>Playtika Holding Corp.</name>
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        <name>Marriott International, Inc.</name>
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        <name>Graphic Packaging International LLC</name>
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        <name>Newell Brands, Inc.</name>
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        <name>Lamb Weston Holdings, Inc.</name>
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        <name>XPO, Inc.</name>
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        <name>KnowBe4, Inc.</name>
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        <name>Acrisure LLC</name>
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        <name>Rocket Mortgage LLC</name>
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        <name>AthenaHealth Group, Inc.</name>
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        <name>Getty Images, Inc.</name>
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        <name>New Enterprise Stone &amp; Lime Co., Inc.</name>
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        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
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        <invCountry>US</invCountry>
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        <name>EquipmentShare.com, Inc.</name>
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      <invstOrSec>
        <name>Alliant Holdings Intermediate LLC</name>
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        <name>Nexus Buyer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Heartland Dental LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Acrisure LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-06</maturityDt>
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        <name>Solstice Advanced Materials, Inc.</name>
        <lei>2138004GZ4H9TW6HK435</lei>
        <title>Solstice Advanced Materials, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CACI International, Inc.</name>
        <lei>SYRPI2D1O9WRTS2WX210</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Watco Cos. LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Chart Industries, Inc.</name>
        <lei>EM7QGKC1GYOF3LSZSL80</lei>
        <title>Chart Industries, Inc.</title>
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        <name>RB Global Holdings, Inc.</name>
        <lei>254900LH3N0EGB1LQ203</lei>
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        <name>Medline Borrower LP</name>
        <lei>254900QT3R363TVK6F09</lei>
        <title>Medline Borrower LP</title>
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        <name>Trivium Packaging Finance BV</name>
        <lei>724500GMZWW3PVYET548</lei>
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        <invCountry>NL</invCountry>
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        <name>Veritiv Operating Co.</name>
        <lei>5493004G8OK5L1UTIY12</lei>
        <title>Veritiv Operating Co.</title>
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        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>Starwood Property Trust, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>American Airlines, Inc.</name>
        <lei>N/A</lei>
        <title>American Airlines, Inc.</title>
        <cusip>00253XAB7</cusip>
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          <isin value="US00253XAB73"/>
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        <balance>325000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-20</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>EquipmentShare.com, Inc.</name>
        <lei>254900PWJK48CGPKPI80</lei>
        <title>EquipmentShare.com, Inc.</title>
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      <invstOrSec>
        <name>MEG Energy Corp.</name>
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        <name>1011778 BC ULC</name>
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        <name>Churchill Downs, Inc.</name>
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        <name>Buckeye Partners LP</name>
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        <name>Nexus Buyer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lithia Motors, Inc.</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neogen Food Safety Corp.</name>
        <lei>N/A</lei>
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        <name>Gen Digital, Inc.</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
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        <name>Caesars Entertainment, Inc.</name>
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        <name>LCM Investments Holdings II LLC</name>
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        <name>Allied Universal Holdco LLC</name>
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        <name>HAT Holdings I LLC</name>
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        <name>Grifols SA</name>
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        <name>Olympus Water US Holding Corp.</name>
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        <name>TransDigm, Inc.</name>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Unisys Corp.</name>
        <lei>549300T21W22FIJJOW08</lei>
        <title>Unisys Corp.</title>
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          <isin value="US909214BX53"/>
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        <balance>556000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>590688.84000000</valUSD>
        <pctVal>0.229390295042</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>Waste Pro USA, Inc.</name>
        <lei>549300BY1QXU5BI3UF28</lei>
        <title>Waste Pro USA, Inc.</title>
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        <valUSD>1018278.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Cast &amp; Crew LLC</name>
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        <balance>617120.38880000</balance>
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        <curCd>USD</curCd>
        <valUSD>554829.49000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-29</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.91340000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LifePoint Health, Inc.</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>LifePoint Health, Inc.</title>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>813750.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="324167.33000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Acrisure LLC</name>
        <lei>N/A</lei>
        <title>Acrisure LLC</title>
        <cusip>00489LAF0</cusip>
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          <isin value="US00489LAF04"/>
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        <balance>275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>264687.50000000</valUSD>
        <pctVal>0.102789725499</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco LP</title>
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        <balance>326000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>341912.06000000</valUSD>
        <pctVal>0.132779397562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>Garda World Security Corp.</title>
        <cusip>36485MAP4</cusip>
        <identifiers>
          <isin value="US36485MAP41"/>
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        <balance>695000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>720749.75000000</valUSD>
        <pctVal>0.279898631239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Royal Caribbean Cruises Ltd.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd.</title>
        <cusip>780153BV3</cusip>
        <identifiers>
          <isin value="US780153BV38"/>
        </identifiers>
        <balance>460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>471769.05000000</valUSD>
        <pctVal>0.183208542710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hillenbrand, Inc.</name>
        <lei>U246OE781574J2BUD366</lei>
        <title>Hillenbrand, Inc.</title>
        <cusip>431571AF5</cusip>
        <identifiers>
          <isin value="US431571AF58"/>
        </identifiers>
        <balance>394000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>403830.30000000</valUSD>
        <pctVal>0.156824956544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>2025-10-30</ncom:dateSigned>
      <ncom:nameOfApplicant>EQ Advisors Trust</ncom:nameOfApplicant>
      <ncom:signature>Brian Walsh</ncom:signature>
      <ncom:signerName>Brian Walsh</ncom:signerName>
      <ncom:title>Chief Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
