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        <name>TALEN ENERGY S 7.625% 06/01/28</name>
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        <name>BELDEN IN 3.875% 03/15/28/EUR/</name>
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        <name>PARSLEY ENERGY  5.25% 08/15/25</name>
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        <name>LIMESTONE RE LTD ZCP 08/31/21</name>
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        <name>EDEN RE II LTD ZCP 03/22/22</name>
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        <name>CLEARWAY ENERGY 4.75% 03/15/28</name>
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        <name>GROUP 1 AUTOMOTIVE 4% 08/15/28</name>
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        <name>T/L DIAMOND SPORTS 0% 8/24/26</name>
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        <name>ARTEX SAC LTD V/R 03/31/21</name>
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        <name>ARTEX SAC LTD 0.0% 12/31/22</name>
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        <name>WINDSTREAM ESCR 7.75% 08/15/28</name>
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        <name>N/A</name>
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        <name>HECLA MINING CO 7.25% 02/15/28</name>
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      <invstOrSec>
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        <name>ENLINK MIDSTRE 5.375% 06/01/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARTEX SAC FORM 0.0% 02/28/2021</name>
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        <name>HOWMET AEROSPA 6.875% 05/01/25</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARTEX SAC LTD BER 0% 12/31/21</name>
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        <name>ARTEX SAC LTD ST A 0% 2/1/21</name>
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        <name>CD&amp;R SMOKEY BUY 6.75% 07/15/25</name>
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      <invstOrSec>
        <name>LIFEPOINT HEALT 6.75% 04/15/25</name>
        <lei>N/A</lei>
        <title>LIFEPOINT HEALTH INC REGD 144A P/P 6.75000000</title>
        <cusip>53219LAT6</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>TEVA PHARMACEUTI 2.8% 07/21/23</name>
        <lei>N/A</lei>
        <title>TEVA PHARMACEUTICALS NE REGD 2.80000000</title>
        <cusip>88167AAD3</cusip>
        <identifiers>
          <isin value="US88167AAD37"/>
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        <balance>5598000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5309255.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>RESILIENCE RE LTD ZCP 04/06/21</name>
        <lei>N/A</lei>
        <title>RESILIENCE RE LTD REGD ZCP 144A P/P 0.00000000</title>
        <cusip>G7527LAE5</cusip>
        <identifiers>
          <isin value="BMG7527LAE58"/>
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        <balance>800000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>80.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>EDEN RE II LTD ZCP 03/22/23</name>
        <lei>549300LKX8PCP3SC3F42</lei>
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        <cusip>27954TAB1</cusip>
        <identifiers>
          <isin value="US27954TAB17"/>
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        <balance>7850.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65565.56000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARCHROCK PARTN 6.875% 04/01/27</name>
        <lei>N/A</lei>
        <title>ARCHROCK PARTNERS LP/FIN REGD 144A P/P 6.87500000</title>
        <cusip>03959KAA8</cusip>
        <identifiers>
          <isin value="US03959KAA88"/>
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        <balance>2700000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2646000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JB POINDEXTER  7.125% 04/15/26</name>
        <lei>549300W6P81HOZZGPQ16</lei>
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        <cusip>730481AJ7</cusip>
        <identifiers>
          <isin value="US730481AJ74"/>
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        <balance>4221000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4486121.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DELTA AIR LINES 3.75% 10/28/29</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>DELTA AIR LINES INC REGD 3.75000000</title>
        <cusip>247361ZT8</cusip>
        <identifiers>
          <isin value="US247361ZT81"/>
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        <balance>2809000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2347210.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PROVIDENT FDG/ 6.375% 06/15/25</name>
        <lei>N/A</lei>
        <title>PROVIDENT FDG/PFG FIN REGD 144A P/P 6.37500000</title>
        <cusip>74387UAJ0</cusip>
        <identifiers>
          <isin value="US74387UAJ07"/>
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        <balance>3538000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3475642.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>IBRD V/R 02/15/21</name>
        <lei>N/A</lei>
        <title>INTERNATIONAL BANK FOR RECONSTRUCTION &amp; DEVELOPMENT V/R SER GDIF 6.08013000</title>
        <cusip>U4586FSG3</cusip>
        <identifiers>
          <isin value="XS1761714721"/>
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        <balance>245000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>245490.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>STANDARD INDUS 4.375% 07/15/30</name>
        <lei>N/A</lei>
        <title>STANDARD INDUSTRIES INC REGD 144A P/P 4.37500000</title>
        <cusip>853496AG2</cusip>
        <identifiers>
          <isin value="US853496AG21"/>
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        <balance>520000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>535600.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FREEDOM MORTGA 8.125% 11/15/24</name>
        <lei>549300LYRWPSYPK6S325</lei>
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        <cusip>35640YAA5</cusip>
        <identifiers>
          <isin value="US35640YAA55"/>
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        <balance>3568000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3594760.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>T/L TRICO GROUP LL 0% 02/02/24</name>
        <lei>N/A</lei>
        <title>T/L TRICO GROUP LLC REGD 0.00000000</title>
        <cusip>N/A</cusip>
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          <other otherDesc="LOANX" value="LX189133"/>
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        <curCd>USD</curCd>
        <valUSD>1440726.33000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>WESTERN GLOBA 10.375% 08/15/25</name>
        <lei>N/A</lei>
        <title>WESTERN GLOBAL AIRLINES REGD 144A P/P 10.37500000</title>
        <cusip>958278AA1</cusip>
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          <isin value="US958278AA10"/>
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        <curCd>USD</curCd>
        <valUSD>3715578.20000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US T BILL ZCP 11/17/20</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BILL ZCP 0.00000000</title>
        <cusip>9127964S5</cusip>
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          <isin value="US9127964S51"/>
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        <balance>22000000.00000000</balance>
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        <valUSD>21999342.20000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>NORTHRIVER MID 5.625% 02/15/26</name>
        <lei>549300SOLNLY3BL6GF18</lei>
        <title>NORTHRIVER MIDSTREAM FIN REGD 144A P/P 5.62500000</title>
        <cusip>66679NAA8</cusip>
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          <isin value="US66679NAA81"/>
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        <balance>4325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4283912.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>HYATT HOTELS C 4.375% 09/15/28</name>
        <lei>T27JQIMTYSH41TCD5186</lei>
        <title>HYATT HOTELS CORP REGD 4.37500000</title>
        <cusip>448579AG7</cusip>
        <identifiers>
          <isin value="US448579AG79"/>
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        <balance>595000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>606029.68000000</valUSD>
        <pctVal>0.097619976855</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANR INC RTS 3/31/23</name>
        <lei>N/A</lei>
        <title>ANR INC RIGHTS EXPIRE 3/31/23 0.00000000</title>
        <cusip>03634H118</cusip>
        <identifiers>
          <isin value="US03634H1187"/>
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        <balance>4728525.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14185.58000000</valUSD>
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      <invstOrSec>
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      <invstOrSec>
        <name>CALPINE CORP 5.25% 06/01/26</name>
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      <invstOrSec>
        <name>APX GROUP INC 6.75% 02/15/27</name>
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          <isin value="US00213MAV63"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>ARTEX SAC LTD V/R 03/31/21</name>
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        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>P&amp;L DEV LLC/PLD 7.75% 11/15/25</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>T/L BUILDERS FIRST 0% 02/29/24</name>
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          <other otherDesc="LOANX" value="LX159595"/>
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        <fairValLevel>2</fairValLevel>
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        <name>THOPAS RE 2019 0.0% 12/31/22</name>
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          <other otherDesc="CLIENT ID" value="BNR48W680"/>
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        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>VIRIBUS RE 2018 0% 12/31/21</name>
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          <other otherDesc="CLIENT ID" value="BNR3MUHU9"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>T/L SPECTACLE 0% 12/23/25</name>
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          <other otherDesc="LOANX" value="LX183154"/>
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        <name>PANGAEA RE 0% 7/1/23</name>
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        <name>SHELF DRILL HOL 8.25% 02/15/25</name>
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          <isin value="US822538AE44"/>
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        <invCountry>AE</invCountry>
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        <name>FORD MOTOR CRE 4.134% 08/04/25</name>
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        <name>TRIUMPH GROUP  8.875% 06/01/24</name>
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        <name>CSC HOLDINGS LLC 7.5% 04/01/28</name>
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        <name>ANGI GROUP LLC 3.875% 08/15/28</name>
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        <name>MDC PARTNERS INC 6.5% 05/01/24</name>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
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        <name>CLEAR CHANNEL  6.625% 08/01/25</name>
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        <name>BOOZ ALLEN HAM 3.875% 09/01/28</name>
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        <name>TRI POINTE GROUP 5.7% 06/15/28</name>
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        <name>SOTHEBY'S 7.375% 10/15/27</name>
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        <name>ALTICE FRANCE HOLD 6% 02/15/28</name>
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        <name>BLUE LOTUS RE 0.0% 12/31/21</name>
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        <name>NATIONSTAR MTG H 5.5% 08/15/28</name>
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        <name>THOPAS RE 2018 0% 12/31/21</name>
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        <name>SUMMIT MATERIALS 6.5% 03/15/27</name>
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        <name>ENLINK MIDSTREA 4.15% 06/01/25</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-31</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ENERGIZER HOLDI 4.75% 06/15/28</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>ENERGIZER HOLDINGS INC REGD 144A P/P 4.75000000</title>
        <cusip>29272WAC3</cusip>
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          <isin value="US29272WAC38"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1852416.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PENSKE AUTOMOTIV 3.5% 09/01/25</name>
        <lei>549300W7UTQ0M4C7LB15</lei>
        <title>PENSKE AUTOMOTIVE GROUP REGD 3.50000000</title>
        <cusip>70959WAJ2</cusip>
        <identifiers>
          <isin value="US70959WAJ27"/>
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        <balance>1285000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1288212.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LIMESTONE RE LTD ZCP 03/01/23</name>
        <lei>5493004PN8HGYC184A27</lei>
        <title>LIMESTONE RE LTD REGD ZCP 144A P/P SER B 0.00000000</title>
        <cusip>G5488XAF7</cusip>
        <identifiers>
          <isin value="XS2012992256"/>
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        <balance>39000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68016.00000000</valUSD>
        <pctVal>0.010956097638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-01</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ISTAR INC 4.75% 10/01/24</name>
        <lei>QFFLKWYYS3UPWD86E794</lei>
        <title>ISTAR INC REGD 4.75000000</title>
        <cusip>45031UCF6</cusip>
        <identifiers>
          <isin value="US45031UCF66"/>
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        <balance>3190000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3046450.00000000</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>2024-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOODYEAR TIRE &amp;  9.5% 05/31/25</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GOODYEAR TIRE &amp; RUBBER REGD 9.50000000</title>
        <cusip>382550BH3</cusip>
        <identifiers>
          <isin value="US382550BH30"/>
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        <balance>968000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1064993.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>T/L SPECTACLE 0% 12/23/25</name>
        <lei>N/A</lei>
        <title>T/L SPECTACLE GARY HOLDINGS LLC REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX183155"/>
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        <balance>256914.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>243586.59000000</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>2025-12-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DCP MIDSTREAM OP 5.6% 04/01/44</name>
        <lei>N/A</lei>
        <title>DCP MIDSTREAM OPERATING REGD 5.60000000</title>
        <cusip>23311VAF4</cusip>
        <identifiers>
          <isin value="US23311VAF40"/>
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        <balance>3400000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2958000.00000000</valUSD>
        <pctVal>0.476478134764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PBF LOGISTICS  6.875% 05/15/23</name>
        <lei>N/A</lei>
        <title>PBF LOGISTICS LP/FINANCE REGD SER WI 6.87500000</title>
        <cusip>69318UAB1</cusip>
        <identifiers>
          <isin value="US69318UAB17"/>
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        <balance>2200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1727000.00000000</valUSD>
        <pctVal>0.278187200385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DELTA AIR LINES 4.75% 10/20/28</name>
        <lei>N/A</lei>
        <title>DELTA AIR LINES/SKYMILES REGD 144A P/P 4.75000000</title>
        <cusip>830867AB3</cusip>
        <identifiers>
          <isin value="US830867AB33"/>
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        <balance>850000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>868880.11000000</valUSD>
        <pctVal>0.139960234667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CF INDUSTRIES  5.375% 03/15/44</name>
        <lei>N/A</lei>
        <title>CF INDUSTRIES INC REGD 5.37500000</title>
        <cusip>12527GAE3</cusip>
        <identifiers>
          <isin value="US12527GAE35"/>
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        <balance>2607000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3200092.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHENIERE ENERG 4.625% 10/15/28</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>CHENIERE ENERGY INC REGD 144A P/P 4.62500000</title>
        <cusip>16411RAJ8</cusip>
        <identifiers>
          <isin value="US16411RAJ86"/>
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        <balance>3068000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3167710.00000000</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>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EDEN RE II LTD ZCP 03/22/22</name>
        <lei>549300LKX8PCP3SC3F42</lei>
        <title>EDEN RE II LTD REGD ZCP 144A P/P SER A 0.00000000</title>
        <cusip>27954GAA1</cusip>
        <identifiers>
          <isin value="US27954GAA13"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9748.25000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2022-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CROWN CORK &amp; S 7.375% 12/15/26</name>
        <lei>N/A</lei>
        <title>CROWN CORK &amp; SEAL CO INC REGD 7.37500000</title>
        <cusip>228255AH8</cusip>
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          <isin value="US228255AH83"/>
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        <curCd>USD</curCd>
        <valUSD>5335183.83000000</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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      <invstOrSec>
        <name>US RENAL CARE 10.625% 07/15/27</name>
        <lei>N/A</lei>
        <title>US RENAL CARE INC REGD 144A P/P 10.62500000</title>
        <cusip>07335BAA4</cusip>
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          <isin value="US07335BAA44"/>
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        <curCd>USD</curCd>
        <valUSD>2435655.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>T/L WATERJET HOL 0% 04/21/2025</name>
        <lei>N/A</lei>
        <title>T/L WATERJET HOLDINGS INC REGD 0.00000000</title>
        <cusip>81946HAB5</cusip>
        <identifiers>
          <isin value="US81946HAB50"/>
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        <balance>2072685.42000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1587330.89000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>HUDBAY MINERAL 6.125% 04/01/29</name>
        <lei>549300WI524AL577IX21</lei>
        <title>HUDBAY MINERALS INC REGD 144A P/P 6.12500000</title>
        <cusip>443628AH5</cusip>
        <identifiers>
          <isin value="US443628AH54"/>
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        <balance>2280000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2331300.00000000</valUSD>
        <pctVal>0.375528558342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMPLIFY ENERGY CORP</name>
        <lei>J0TW5YQRAZXYN7VEU787</lei>
        <title>AMPLIFY ENERGY CORP 0.00000000</title>
        <cusip>03212B103</cusip>
        <identifiers>
          <isin value="US03212B1035"/>
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        <balance>23.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14.96000000</valUSD>
        <pctVal>0.000002409774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>INTESA SANPAOLO SPA V/R /PERP/</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>UNITED NATURAL  6.75% 10/15/28</name>
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      <invstOrSec>
        <name>SURGERY CENTER HO 10% 04/15/27</name>
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        <title>SURGERY CENTER HOLDINGS REGD 144A P/P 10.00000000</title>
        <cusip>86881WAD4</cusip>
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          <isin value="US86881WAD48"/>
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        <name>WELLS FARGO &amp; COMPANY /PFD/CV</name>
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        <name>WILLIAMS SCOTS 4.625% 08/15/28</name>
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      <invstOrSec>
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        <name>HILTON DOMESTI 5.375% 05/01/25</name>
        <lei>N/A</lei>
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        <name>VERSUTUS 2018 0.0% 12/31/21</name>
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        <title>DCP MIDSTREAM OPERATING REGD 3.87500000</title>
        <cusip>23311VAD9</cusip>
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          <isin value="US23311VAD91"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OCI NV 5.25% 11/01/24</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI NV REGD 144A P/P 5.25000000</title>
        <cusip>67091GAC7</cusip>
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          <isin value="US67091GAC78"/>
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        <balance>690000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASBURY AUTOMOTIV 4.5% 03/01/28</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INGLES MARKETS  5.75% 06/15/23</name>
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        <cusip>457030AJ3</cusip>
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          <isin value="US457030AJ39"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>M/I HOMES INC 4.95% 02/01/28</name>
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        <cusip>55305BAS0</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PAR PHARMACEUTIC 7.5% 04/01/27</name>
        <lei>N/A</lei>
        <title>PAR PHARMACEUTICAL INC REGD 144A P/P 7.50000000</title>
        <cusip>69888XAA7</cusip>
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          <isin value="US69888XAA72"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALLIANCE DATA S 4.75% 12/15/24</name>
        <lei>549300G8S4PO686J7H97</lei>
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        <cusip>018581AK4</cusip>
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          <isin value="US018581AK47"/>
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        <balance>2360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2188900.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-15</maturityDt>
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      <invstOrSec>
        <name>DYCOM INDUSTRIE 0.75% 09/15/21</name>
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        <title>DYCOM INDUSTRIES INC REGD CONVERTIBLE 0.75000000</title>
        <cusip>267475AB7</cusip>
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          <isin value="US267475AB73"/>
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        <balance>1765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1720875.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAUSCH HEALTH AM 8.5% 01/31/27</name>
        <lei>N/A</lei>
        <title>BAUSCH HEALTH AMERICAS REGD P/P 8.50000000</title>
        <cusip>91911XAW4</cusip>
        <identifiers>
          <isin value="US91911XAW48"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PURE STORAGE I 0.125% 04/15/23</name>
        <lei>549300NPDB0BZTK3WO90</lei>
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        <cusip>74624MAB8</cusip>
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          <isin value="US74624MAB81"/>
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        <balance>2070000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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              <name>PURE STORAGE INC - CLASS A</name>
              <title>PURE STORAGE INC - CLASS A</title>
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      <invstOrSec>
        <name>TRICIDA INC 3.5% 05/15/27</name>
        <lei>N/A</lei>
        <title>TRICIDA INC REGD 144A P/P CONVERTIBLE 3.50000000</title>
        <cusip>89610FAA9</cusip>
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          <isin value="US89610FAA93"/>
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        <balance>2122000.00000000</balance>
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              <title>TRICIDA INC</title>
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        <name>SPECTRUM BRANDS  5.5% 07/15/30</name>
        <lei>N/A</lei>
        <title>SPECTRUM BRANDS INC REGD 144A P/P 5.50000000</title>
        <cusip>84762LAW5</cusip>
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          <isin value="US84762LAW54"/>
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        <name>LAMAR MEDIA CO 4.875% 01/15/29</name>
        <lei>N/A</lei>
        <title>LAMAR MEDIA CORP REGD 4.87500000</title>
        <cusip>513075BW0</cusip>
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          <isin value="US513075BW03"/>
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        <balance>645000.00000000</balance>
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        <valUSD>670800.00000000</valUSD>
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        <name>BEAZER HOMES US 6.75% 03/15/25</name>
        <lei>549300DUPYT2T0F60I45</lei>
        <title>BEAZER HOMES USA REGD SER WI 6.75000000</title>
        <cusip>07556QBM6</cusip>
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          <isin value="US07556QBM69"/>
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        <balance>3790000.00000000</balance>
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        <valUSD>3894225.00000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CALPINE CORP 5% 02/01/31</name>
        <lei>N/A</lei>
        <title>CALPINE CORP REGD 144A P/P 5.00000000</title>
        <cusip>131347CQ7</cusip>
        <identifiers>
          <isin value="US131347CQ78"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>893331.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BEAZER HOMES U 5.875% 10/15/27</name>
        <lei>549300DUPYT2T0F60I45</lei>
        <title>BEAZER HOMES USA REGD SER WI 5.87500000</title>
        <cusip>07556QBR5</cusip>
        <identifiers>
          <isin value="US07556QBR56"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2030000.00000000</valUSD>
        <pctVal>0.326994798368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
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      <invstOrSec>
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        <name>NETFLIX INC 5.375% 11/15/29</name>
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        <name>BACM 2007-4 H V/R 02/10/51</name>
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        <name>CENTURYLINK INC 5.8% 03/15/22</name>
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        <name>BUILDERS FIRSTSOUR 5% 03/01/30</name>
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        <name>COMMSCOPE INC 8.25% 03/01/27</name>
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        <name>ENERGY TRANSFER OPE V/R /PERP/</name>
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        <name>VIRIBUS RE 2019 0.0% 12/31/22</name>
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      <invstOrSec>
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        <name>LIMESTONE RE LTD ZCP 08/31/21</name>
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      <invstOrSec>
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        <name>BUILDERS FIRSTS 6.75% 06/01/27</name>
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        <name>WEST STREET ME 6.375% 09/01/25</name>
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        <name>PRIME HEALTHCAR 7.25% 11/01/25</name>
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        <name>ENLINK MIDSTREAM 5.6% 04/01/44</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARVEST MIDSTREA 7.5% 09/01/28</name>
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        <cusip>417558AA1</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>REVANCE THERAPE 1.75% 02/15/27</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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            <dbtSecRefInstrument>
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      <invstOrSec>
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        <cusip>07556QBT1</cusip>
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          <isin value="US07556QBT13"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED RENTALS  5.25% 01/15/30</name>
        <lei>N/A</lei>
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        <cusip>911365BL7</cusip>
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          <isin value="US911365BL76"/>
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        <curCd>USD</curCd>
        <valUSD>487687.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALPINE CORP 4.625% 02/01/29</name>
        <lei>N/A</lei>
        <title>CALPINE CORP REGD 144A P/P 4.62500000</title>
        <cusip>131347CP9</cusip>
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          <isin value="US131347CP95"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>883496.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>NCR CORP 8.125% 04/15/25</name>
        <lei>549300YKTY8JX1DV2R67</lei>
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        <cusip>62886EAX6</cusip>
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          <isin value="US62886EAX67"/>
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        <balance>290000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>319000.00000000</valUSD>
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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>
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      <invstOrSec>
        <name>LORENZ RE 2018 0.0% 07/01/21</name>
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        <title>LORENZ RE 2018 REGD ZCP        /BNR3Y35Y1/ 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR3Y35Y1"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21920.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARTEX SAC LTD 0.0% 12/31/22</name>
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        <title>ARTEX SAC LTD BERWICK RE       2019-1 REGD ZCP /BNR4941A1/ 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR4941A1"/>
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        <curCd>USD</curCd>
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        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CENOVUS ENERGY  6.75% 11/15/39</name>
        <lei>549300EIRQ0Z2B9C1W06</lei>
        <title>CENOVUS ENERGY INC REGD 6.75000000</title>
        <cusip>15135UAF6</cusip>
        <identifiers>
          <isin value="US15135UAF66"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TRANSOCEAN SEN 5.375% 05/15/23</name>
        <lei>N/A</lei>
        <title>TRANSOCEAN SENTRY LTD REGD P/P 5.37500000</title>
        <cusip>89385AAA3</cusip>
        <identifiers>
          <isin value="US89385AAA34"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>T/L SURGERY CENTER 0% 08/16/24</name>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>ENDO DAC/FIN LLC/F 6% 06/30/28</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GALILEI RE LTD V/R 01/08/21</name>
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          <isin value="US363543AG40"/>
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        <curCd>USD</curCd>
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        <name>N/A</name>
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      <invstOrSec>
        <name>PRIME SECSRVC B 5.75% 04/15/26</name>
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        <valUSD>1991550.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WYNDHAM DESTIN 6.625% 07/31/26</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN MIDSTRE 9.5% 12/15/21</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VISTRA CORP 5.625% 02/15/27</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SINCLAIR TELEVIS 5.5% 03/01/30</name>
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      <invstOrSec>
        <name>PANGAEA RE 2018-1 0% 12/31/21</name>
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      <invstOrSec>
        <name>AVATION CAPITAL  6.5% 05/15/21</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MILEAGE PLUS HLD 6.5% 06/20/27</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>POWERTEAM SERV 9.033% 12/04/25</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OUTFRONT MEDIA 5.625% 02/15/24</name>
        <lei>N/A</lei>
        <title>OUTFRONT MEDIA CAP LLC/C REGD SER WI 5.62500000</title>
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        <identifiers>
          <isin value="US12505FAD33"/>
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        <curCd>USD</curCd>
        <valUSD>3641105.00000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>CAESARS ENTERT 8.125% 07/01/27</name>
        <lei>549300FA4CTCW903Y781</lei>
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        <cusip>28470RAK8</cusip>
        <identifiers>
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        <balance>2936000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>KB HOME 6.875% 06/15/27</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KB HOME REGD 6.87500000</title>
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          <isin value="US48666KAX72"/>
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        <valUSD>5625060.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DELTA AIR LINE 7.375% 01/15/26</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
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        <cusip>247361ZZ4</cusip>
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          <isin value="US247361ZZ42"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>232875.00000000</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>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>INTOW 2016-1A 6.414% 11/15/23</name>
        <lei>N/A</lei>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>803409.45000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-15</maturityDt>
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        <name>LEVEL 3 FINANC 4.625% 09/15/27</name>
        <lei>N/A</lei>
        <title>LEVEL 3 FINANCING INC REGD 144A P/P 4.62500000</title>
        <cusip>527298BN2</cusip>
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          <isin value="US527298BN21"/>
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        <balance>5850000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5967000.00000000</valUSD>
        <pctVal>0.961171409784</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARTEX SAC LTD V/R 12/31/21</name>
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        <title>ARTEX SAC LIMITED WOBURN  SEGREGATED ACCOUNT  /BNR3SDP81/ 1.49000000</title>
        <cusip>N/A</cusip>
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        <curCd>USD</curCd>
        <valUSD>37391.46000000</valUSD>
        <pctVal>0.006023060553</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2021-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.49000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NCR CORP 5.25% 10/01/30</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>NCR CORP REGD 144A P/P 5.25000000</title>
        <cusip>62886EAZ1</cusip>
        <identifiers>
          <isin value="US62886EAZ16"/>
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        <balance>635000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>628650.00000000</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>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GLENEAGLES ARTEX SAC LIMITED 2016 ZCP 11/30/2020</name>
        <lei>N/A</lei>
        <title>GLENEAGLES ARTEX SAC LIMITED 2016 ZCP 11/30/2020 BNR28PZR5 0.00000000</title>
        <cusip>N/A</cusip>
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          <other otherDesc="CLIENT ID" value="BNR28PZR5"/>
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        <curCd>USD</curCd>
        <valUSD>74880.00000000</valUSD>
        <pctVal>0.012061758867</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2020-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>SCIENTIFIC GAMES I 7% 05/15/28</name>
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        <name>VERSUTUS RE 2019-A 0% 12/31/21</name>
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        <name>CYPRESS 2017 0% 1/10/21</name>
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        <name>CAELUS RE V LTD V/R 06/05/20</name>
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        <name>PORTRUSH2017 0% 6/15/21</name>
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        <name>ARTEX SAC LTD DAR V/R 01/15/21</name>
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        <name>ROYAL CARIBBEAN 11.5% 06/01/25</name>
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        <name>CANPACK SA EAS 3.125% 11/01/25</name>
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        <name>L BRANDS INC 6.625% 10/01/30</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DISH NETWORK C 3.375% 08/15/26</name>
        <lei>N/A</lei>
        <title>DISH NETWORK CORP REGD CONVERTIBLE 3.37500000</title>
        <cusip>25470MAB5</cusip>
        <identifiers>
          <isin value="US25470MAB54"/>
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        <balance>1596000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1410719.85000000</valUSD>
        <pctVal>0.227240420150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>DISH NETWORK CORP-A</name>
              <title>DISH NETWORK CORP-A</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="25470M109"/>
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            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="15.00000000" curCd="USD"/>
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          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHWEST AIRLI 1.25% 05/01/25</name>
        <lei>UDTZ87G0STFETI6HGH41</lei>
        <title>SOUTHWEST AIRLINES CO REGD CONVERTIBLE 1.25000000</title>
        <cusip>844741BG2</cusip>
        <identifiers>
          <isin value="US844741BG22"/>
        </identifiers>
        <balance>1658000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2230010.00000000</valUSD>
        <pctVal>0.359212645472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>SOUTHWEST AIRLINES CO</name>
              <title>SOUTHWEST AIRLINES CO</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="844741108"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="26.00000000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AKAMAI TECHNOL 0.125% 05/01/25</name>
        <lei>OC1LZNN2LF5WTJ5RIL89</lei>
        <title>AKAMAI TECHNOLOGIES INC REGD CONVERTIBLE 0.12500000</title>
        <cusip>00971TAJ0</cusip>
        <identifiers>
          <isin value="US00971TAJ07"/>
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        <balance>1714000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2002166.25000000</valUSD>
        <pctVal>0.322511305033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>AKAMAI TECHNOLOGIES INC</name>
              <title>AKAMAI TECHNOLOGIES INC</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="00971T101"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="11.00000000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>T/L PG&amp;E CORPOR 0% 06/18/25</name>
        <lei>N/A</lei>
        <title>T/L PG&amp;E CORPORATION REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX188801"/>
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        <balance>872812.50000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>867902.93000000</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>2025-06-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREIF INC 6.5% 03/01/27</name>
        <lei>54930070FVGKR0Z1FI24</lei>
        <title>GREIF INC REGD 144A P/P 6.50000000</title>
        <cusip>397624AH0</cusip>
        <identifiers>
          <isin value="US397624AH07"/>
        </identifiers>
        <balance>4592000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4815860.00000000</valUSD>
        <pctVal>0.775744418556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARTEX SAC LTD V/R 12/31/21</name>
        <lei>N/A</lei>
        <title>ARTEX SAC LTD BANTRY RE 2018   REGD V/R /BNR4B8Q79/ 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR4B8Q79"/>
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        <balance>400000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4560.00000000</valUSD>
        <pctVal>0.000734530187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENDO DAC/FIN LLC 9.5% 07/31/27</name>
        <lei>N/A</lei>
        <title>ENDO DAC/FIN LLC/FINCO REGD 144A P/P 9.50000000</title>
        <cusip>29273DAB6</cusip>
        <identifiers>
          <isin value="US29273DAB64"/>
        </identifiers>
        <balance>709000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>760551.39000000</valUSD>
        <pctVal>0.122510516463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</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>FREEDOM MORTGAG 8.25% 04/15/25</name>
        <lei>549300LYRWPSYPK6S325</lei>
        <title>FREEDOM MORTGAGE CORP REGD 144A P/P 8.25000000</title>
        <cusip>35640YAB3</cusip>
        <identifiers>
          <isin value="US35640YAB39"/>
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        <balance>2396000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2421397.60000000</valUSD>
        <pctVal>0.390041586197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>T/L GRUPO AEROMEXIC 0% 8/19/22</name>
        <lei>N/A</lei>
        <title>T/L GRUPO AEROMEXIC0 SOCIEDAD  ANONIMA BURSATIL DE CAPITAL    VARIABLE REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX189587"/>
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        <balance>1005000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>994950.00000000</valUSD>
        <pctVal>0.160267721495</pctVal>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAMAR MEDIA COR 3.75% 02/15/28</name>
        <lei>N/A</lei>
        <title>LAMAR MEDIA CORP REGD SER WI 3.75000000</title>
        <cusip>513075BR1</cusip>
        <identifiers>
          <isin value="US513075BR18"/>
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        <balance>775000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>771869.00000000</valUSD>
        <pctVal>0.124333570453</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZENDESK INC 0.625% 06/15/25</name>
        <lei>549300SLI6BN94BKKO36</lei>
        <title>ZENDESK INC REGD 144A P/P CONVERTIBLE 0.62500000</title>
        <cusip>98936JAC5</cusip>
        <identifiers>
          <isin value="US98936JAC53"/>
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        <balance>1629000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2036719.77000000</valUSD>
        <pctVal>0.328077226858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>ZENDESK INC 0.625% 06/15/25</name>
              <title>ZENDESK INC 0.625% 06/15/25</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="98936JAC5"/>
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          <currencyInfos>
            <currencyInfo convRatio="9.00000000" curCd="USD"/>
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          <delta>XXXX</delta>
        </debtSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIMMONS FOODS I 5.75% 11/01/24</name>
        <lei>5493002Z1TVWRIL6NM97</lei>
        <title>SIMMONS FOODS INC REGD 144A P/P 5.75000000</title>
        <cusip>82873LAA3</cusip>
        <identifiers>
          <isin value="US82873LAA35"/>
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        <balance>4265000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4217018.75000000</valUSD>
        <pctVal>0.679282362497</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BEACON ROOFING 4.875% 11/01/25</name>
        <lei>549300HDXQWWCBOYXP31</lei>
        <title>BEACON ROOFING SUPPLY IN REGD 144A P/P 4.87500000</title>
        <cusip>073685AD1</cusip>
        <identifiers>
          <isin value="US073685AD12"/>
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        <balance>4077000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3999537.00000000</valUSD>
        <pctVal>0.644250145261</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN AXLE &amp; 6.25% 03/15/26</name>
        <lei>N/A</lei>
        <title>AMERICAN AXLE &amp; MFG INC REGD 6.25000000</title>
        <cusip>02406PAY6</cusip>
        <identifiers>
          <isin value="US02406PAY60"/>
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        <balance>4585000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4595087.00000000</valUSD>
        <pctVal>0.740182042881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SCHWEITZER-MAU 6.875% 10/01/26</name>
        <lei>549300Z1FU4IDULG1R21</lei>
        <title>SCHWEITZER-MAUDUIT INTL REGD 144A P/P 6.87500000</title>
        <cusip>808541AA4</cusip>
        <identifiers>
          <isin value="US808541AA42"/>
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        <balance>3018000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3183990.00000000</valUSD>
        <pctVal>0.512880870963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CONTURA ENERGY WT EX 7/25/23</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARTEX SAC LIMITED MERION RE</name>
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          <other otherDesc="CLIENT ID" value="BNR3MU1B8"/>
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      <invstOrSec>
        <name>ARTEX SAC LTD CAR V/R 12/31/17</name>
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        <cusip>N/A</cusip>
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      <invstOrSec>
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        <name>VISTAJET MALTA/ 10.5% 06/01/24</name>
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      <invstOrSec>
        <name>NUSTAR LOGISTI 6.375% 10/01/30</name>
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        <name>QVC INC 4.75% 02/15/27</name>
        <lei>N/A</lei>
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        <name>ARDAGH PKG FIN/ 5.25% 04/30/25</name>
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        <name>ALBERTSONS COS/S 3.5% 03/15/29</name>
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        <cusip>013092AG6</cusip>
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        <name>MPT OPER PARTN 4.625% 08/01/29</name>
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        <name>CENTRAL GARDEN 4.125% 10/15/30</name>
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        <name>JBS USA/FOOD/FIN 5.5% 01/15/30</name>
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        <name>NAVISTAR INTL CO 9.5% 05/01/25</name>
        <lei>WNDD3CRVXJGC8I7GX671</lei>
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        <name>OLIN CORP 5% 02/01/30</name>
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      <invstOrSec>
        <name>CLEVELAND-CLIF 9.875% 10/17/25</name>
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        <fairValLevel>2</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSC HOLDINGS LL 5.75% 01/15/30</name>
        <lei>N/A</lei>
        <title>CSC HOLDINGS LLC REGD 144A P/P 5.75000000</title>
        <cusip>126307BA4</cusip>
        <identifiers>
          <isin value="US126307BA42"/>
        </identifiers>
        <balance>1040000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1111806.80000000</valUSD>
        <pctVal>0.179091152901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORD MOTOR CRE 4.542% 08/01/26</name>
        <lei>N/A</lei>
        <title>FORD MOTOR CREDIT CO LLC REGD 4.54200000</title>
        <cusip>345397ZW6</cusip>
        <identifiers>
          <isin value="US345397ZW60"/>
        </identifiers>
        <balance>1635000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1663612.50000000</valUSD>
        <pctVal>0.267976666995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.54200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="ISO country code not reported for forwards, swaps or supranationals." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Pioneer High Yield Fund</ncom:nameOfApplicant>
      <ncom:signature>Mark E. Bradley </ncom:signature>
      <ncom:signerName>Mark E. Bradley </ncom:signerName>
      <ncom:title>Treasurer and Chief Accounting and Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
