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        <title>US FOODS INC REGD 144A P/P 4.75000000</title>
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          <isin value="US90290MAD39"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISH NETWORK C 3.375% 08/15/26</name>
        <lei>529900U350CWHH15G169</lei>
        <title>DISH NETWORK CORP REGD CONVERTIBLE 3.37500000</title>
        <cusip>25470MAB5</cusip>
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          <isin value="US25470MAB54"/>
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        <balance>1596000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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            <dbtSecRefInstrument>
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              <title>DISH NETWORK CORP-A</title>
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        <name>TRICIDA INC 3.5% 05/15/27</name>
        <lei>549300QVPFFJC8SZXG25</lei>
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          <isin value="US89610FAB76"/>
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        <balance>2122000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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            <dbtSecRefInstrument>
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              <title>TRICIDA INC</title>
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          <currencyInfos>
            <currencyInfo convRatio="30.00000000" curCd="USD"/>
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      <invstOrSec>
        <name>ROYAL CARIBBEA 9.125% 06/15/23</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
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        <cusip>780153BC5</cusip>
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          <isin value="US780153BC56"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>GARDA WORLD SECURI 6% 06/01/29</name>
        <lei>N/A</lei>
        <title>GARDA WORLD SECURITY REGD 144A P/P 6.00000000</title>
        <cusip>36485MAL3</cusip>
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          <isin value="US36485MAL37"/>
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        <balance>3876000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3793635.00000000</valUSD>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>DRAFTKINGS INC ZCP 03/15/28</name>
        <lei>5493008P45UYYL683Z97</lei>
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        <cusip>26142RAA2</cusip>
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          <isin value="US26142RAA23"/>
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        <balance>1974000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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              <title>DRAFTKINGS INC - CL A</title>
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          <currencyInfos>
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          <delta>XXXX</delta>
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      <invstOrSec>
        <name>VIKING OCEAN C 5.625% 02/15/29</name>
        <lei>N/A</lei>
        <title>VIKING OCEAN CRUISES SHI REGD 144A P/P 5.62500000</title>
        <cusip>92682RAA0</cusip>
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          <isin value="US92682RAA05"/>
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        <balance>1165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1165000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CLEARWATER PAPE 4.75% 08/15/28</name>
        <lei>549300HCVV19GXN4P292</lei>
        <title>CLEARWATER PAPER CORP REGD 144A P/P 4.75000000</title>
        <cusip>18538RAJ2</cusip>
        <identifiers>
          <isin value="US18538RAJ23"/>
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        <balance>1318000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1332761.60000000</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>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>T/L GRUPO AEROMEXIC 0% 8/19/22</name>
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        <cusip>N/A</cusip>
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          <other otherDesc="LOANX" value="LX189587"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CYPRESS 2017 0% 1/31/22</name>
        <lei>N/A</lei>
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        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>JAZZ SECURITIE 4.375% 01/15/29</name>
        <lei>N/A</lei>
        <title>JAZZ SECURITIES DAC REGD 144A P/P 4.37500000</title>
        <cusip>47216FAA5</cusip>
        <identifiers>
          <isin value="US47216FAA57"/>
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        <balance>1800000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1874250.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIR CANADA 4% 07/01/25</name>
        <lei>4B4HI3CGXMBDC0G6BM51</lei>
        <title>AIR CANADA REGD CONVERTIBLE 4.00000000</title>
        <cusip>008911BF5</cusip>
        <identifiers>
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        <balance>1437000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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              <title>AIR CANADA</title>
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        <name>FORD MOTOR CRE 5.113% 05/03/29</name>
        <lei>N/A</lei>
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          <isin value="US345397ZR75"/>
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        <name>TRAVEL + LEISU 6.625% 07/31/26</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>TRAVEL + LEISURE CO REGD 144A P/P 6.62500000</title>
        <cusip>98310WAS7</cusip>
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        <balance>1270000.00000000</balance>
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        <valUSD>1417637.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.62500000</annualizedRt>
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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>
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          <isin value="US131347CQ78"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>883750.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>GLOBAL AIR LEASE 6.5% 09/15/24</name>
        <lei>N/A</lei>
        <title>GLOBAL AIR LEASE CO LTD REGD 144A P/P 7.25000000</title>
        <cusip>37960JAA6</cusip>
        <identifiers>
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        <name>VISTRA CORP 5.625% 02/15/27</name>
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        <name>PARTY CITY HOLD 8.75% 02/15/26</name>
        <lei>N/A</lei>
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        <name>OCCIDENTAL PETRO 4.4% 04/15/46</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <name>PROVIDENT FDG/ 6.375% 06/15/25</name>
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        <lei>N/A</lei>
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          <isin value="US897051AB46"/>
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          <isin value="US69318FAJ75"/>
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        <name>MOHEGAN GAMING &amp; E 8% 02/01/26</name>
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        <name>MAV ACQUISITION CO 8% 08/01/29</name>
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        <name>FORD MOTOR CRE 4.134% 08/04/25</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>IMAX CORP 0.5% 04/01/26</name>
        <lei>5493002KS2T1Q0X7VZ21</lei>
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        <invCountry>CA</invCountry>

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              <title>IMAX CORP</title>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>US TREAS NTS V/R 10/31/21</name>
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        <name>HILTON GRAND VAC B 5% 06/01/29</name>
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        <name>LUMEN TECHNOLOGIES 4% 02/15/27</name>
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        <name>COEUR MINING I 5.125% 02/15/29</name>
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        <name>ST. ANDREWS 2017-4 0% 06/01/21</name>
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        <name>TMS INTERNATION 6.25% 04/15/29</name>
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        <name>GMSL 2004-A B1 5.25% 11/25/32</name>
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        <name>CORELOGIC INC 4.5% 05/01/28</name>
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        <name>FORD MOTOR CRE 3.375% 11/13/25</name>
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        <name>LITHIA MOTORS  3.875% 06/01/29</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
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        <name>LORENZ RE 2019V/R 6/30/22</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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        <name>QVC INC 4.375% 09/01/28</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>AMERICAN AXLE &amp; 6.25% 03/15/26</name>
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        <name>ARTEX SAC LIMITED V/R 01/31/22</name>
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        <invCountry>BM</invCountry>
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        <name>SUMMIT MATERIALS 6.5% 03/15/27</name>
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      <invstOrSec>
        <name>MEG ENERGY COR 7.125% 02/01/27</name>
        <lei>5493002WXPTG5ZC1T326</lei>
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        <name>T/L ALLIANCE HEAL 0% 10/24/23</name>
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        <name>US ACUTE CARE  6.375% 03/01/26</name>
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        <name>ATLAS LUXCO 4  4.625% 06/01/28</name>
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        <lei>549300LYRWPSYPK6S325</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NSG HOLDINGS 7.75% 12/15/25</name>
        <lei>N/A</lei>
        <title>NSG HOLDINGS 7.75% 12/15/25 7.75000000</title>
        <cusip>62940QAA3</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARNIVAL  7.625% 03/01/26/EUR/</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARTEX SAC LTD DAR V/R 01/31/22</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Variable</couponKind>
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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>
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          <isin value="US27954GAA13"/>
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        <valUSD>3879.33000000</valUSD>
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        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>LCM INVESTMENT 4.875% 05/01/29</name>
        <lei>549300P5V78NNQTG4428</lei>
        <title>LCM INVESTMENTS HOLDINGS REGD 144A P/P 4.87500000</title>
        <cusip>50190EAA2</cusip>
        <identifiers>
          <isin value="US50190EAA29"/>
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        <valUSD>2271792.60000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EDEN RE II LTD ZCP 03/22/22</name>
        <lei>N/A</lei>
        <title>EDEN RE II LTD REGD ZCP 144A P/P SER B 0.00000000</title>
        <cusip>27954GAB9</cusip>
        <identifiers>
          <isin value="US27954GAB95"/>
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        <balance>37500.00000000</balance>
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        <valUSD>10352.36000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>AVATION CAPITAL 8.25% 10/31/26</name>
        <lei>N/A</lei>
        <title>AVATION CAPITAL SA REGD 144A P/P MTN 8.25000000</title>
        <cusip>05351CAA5</cusip>
        <identifiers>
          <isin value="US05351CAA53"/>
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        <balance>3261284.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2657946.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>QVC INC 4.75% 02/15/27</name>
        <lei>N/A</lei>
        <title>QVC INC REGD 4.75000000</title>
        <cusip>747262AY9</cusip>
        <identifiers>
          <isin value="US747262AY90"/>
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        <balance>1195000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1281040.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <identifiers>
          <isin value="US228255AH83"/>
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        <balance>4453000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5472737.00000000</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>
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      <invstOrSec>
        <name>HAT HOLDINGS I 3.375% 06/15/26</name>
        <lei>N/A</lei>
        <title>HAT HOLDINGS I LLC/HAT REGD 144A P/P 3.37500000</title>
        <cusip>418751AE3</cusip>
        <identifiers>
          <isin value="US418751AE33"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRIMAS CORP 4.125% 04/15/29</name>
        <lei>75G1WUQ8QK4P5MZOYD78</lei>
        <title>TRIMAS CORP REGD 144A P/P 4.12500000</title>
        <cusip>896215AH3</cusip>
        <identifiers>
          <isin value="US896215AH37"/>
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        <balance>2955000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2999325.00000000</valUSD>
        <pctVal>0.463332199457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>MACQUARIE INFRASTR 2% 10/01/23</name>
        <lei>529900IZSJ64GH477714</lei>
        <title>MACQUARIE INFRASTRUCTURE REGD CONVERTIBLE 2.00000000</title>
        <cusip>55608BAB1</cusip>
        <identifiers>
          <isin value="US55608BAB18"/>
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        <balance>50.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49.75000000</valUSD>
        <pctVal>0.000007685321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ARTEX SAC LIMITED MERION RE</name>
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          <other otherDesc="CLIENT ID" value="BNR3MU1B8"/>
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        <curCd>USD</curCd>
        <valUSD>148950.00000000</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>HILLENBRAND INC 3.75% 03/01/31</name>
        <lei>U246OE781574J2BUD366</lei>
        <title>HILLENBRAND INC REGD 3.75000000</title>
        <cusip>431571AE8</cusip>
        <identifiers>
          <isin value="US431571AE83"/>
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        <balance>1095000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1114151.55000000</valUSD>
        <pctVal>0.172112821448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CONTURA ENERGY WT EX 7/25/23</name>
        <lei>N/A</lei>
        <title>CONTURA ENERGY INC WARRANTS EXP 7/25/23 0.00000000</title>
        <cusip>21241B118</cusip>
        <identifiers>
          <isin value="US21241B1180"/>
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        <balance>921.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4033.98000000</valUSD>
        <pctVal>0.000623164487</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
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              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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                <issuerName>CONTURA ENERGY INC</issuerName>
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            <curCd>USD</curCd>
            <exercisePrice>0.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>4033.98000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BUILDERS FIRSTS 6.75% 06/01/27</name>
        <lei>549300W0SKP6L3H7DP63</lei>
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        <cusip>12008RAM9</cusip>
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          <isin value="US12008RAM97"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T/L GRUPO AEROMEXIC 0% 8/19/22</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="LOANX" value="LX189588"/>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LAMAR MEDIA CO 3.625% 01/15/31</name>
        <lei>N/A</lei>
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        <cusip>513075BX8</cusip>
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          <isin value="US513075BX85"/>
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        <balance>990000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORD MOTOR CRE 3.625% 06/17/31</name>
        <lei>N/A</lei>
        <title>FORD MOTOR CREDI REGD 3.62500000</title>
        <cusip>345397B69</cusip>
        <identifiers>
          <isin value="US345397B694"/>
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        <balance>1900000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1968875.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HARAMBEE 2018 0.00% 12/31/21</name>
        <lei>N/A</lei>
        <title>HARAMBEE 2018 ZCP REGD /BNR3M5Y01/ 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR3M5Y01"/>
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        <balance>1400000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3920.00000000</valUSD>
        <pctVal>0.000605556990</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>ENTEGRIS INC 3.625% 05/01/29</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>ENTEGRIS INC REGD 144A P/P 3.62500000</title>
        <cusip>29362UAD6</cusip>
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          <isin value="US29362UAD63"/>
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        <balance>2345000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2403625.00000000</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>WATCO COS LLC/FI 6.5% 06/15/27</name>
        <lei>N/A</lei>
        <title>WATCO COS LLC/FINANCE CO REGD 144A P/P 6.50000000</title>
        <cusip>941130AB2</cusip>
        <identifiers>
          <isin value="US941130AB21"/>
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        <balance>2200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2352152.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SUMMIT HOTEL PRO 1.5% 02/15/26</name>
        <lei>254900OBQWJK6X20LS71</lei>
        <title>SUMMIT HOTEL PROPERTIES REGD CONVERTIBLE 1.50000000</title>
        <cusip>866082AA8</cusip>
        <identifiers>
          <isin value="US866082AA86"/>
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        <balance>971000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>987992.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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            <dbtSecRefInstrument>
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              <title>SUMMIT HOTEL PROPERTIES INC</title>
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          <currencyInfos>
            <currencyInfo convRatio="83.00000000" curCd="USD"/>
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      <invstOrSec>
        <name>MDC PARTNERS INC S/UP 05/01/24</name>
        <lei>529900SR4J92B5C43M74</lei>
        <title>MDC PARTNERS INC REGD S/UP 144A P/P 7.50000000</title>
        <cusip>552697AQ7</cusip>
        <identifiers>
          <isin value="US552697AQ73"/>
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        <balance>5857000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5964183.10000000</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>Variable</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <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>
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        <valUSD>5533623.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>INDIGO NATURAL 5.375% 02/01/29</name>
        <lei>549300F7DOI6H6TA3C86</lei>
        <title>INDIGO NATURAL RES LLC REGD 144A P/P 5.37500000</title>
        <cusip>45569LAC5</cusip>
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          <isin value="US45569LAC54"/>
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        <balance>2820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2939850.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>PRIME SECSRVC B 5.75% 04/15/26</name>
        <lei>N/A</lei>
        <title>PRIME SECSRVC BRW/FINANC REGD 144A P/P 5.75000000</title>
        <cusip>74166MAC0</cusip>
        <identifiers>
          <isin value="US74166MAC01"/>
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        <balance>1870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2047650.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>IAMGOLD CORP 5.75% 10/15/28</name>
        <lei>254900E7II30XAB9LA72</lei>
        <title>IAMGOLD CORP REGD 144A P/P 5.75000000</title>
        <cusip>450913AF5</cusip>
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          <isin value="US450913AF55"/>
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        <balance>2238000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2299545.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>OAKMONT 2017 0% 04/30/21</name>
        <lei>N/A</lei>
        <title>OAKMONT 2017 ZCP REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR36VPS1"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14700.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENLINK MIDSTREA 5.05% 04/01/45</name>
        <lei>N/A</lei>
        <title>ENLINK MIDSTREAM PARTNER REGD 5.05000000</title>
        <cusip>29336UAD9</cusip>
        <identifiers>
          <isin value="US29336UAD90"/>
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        <balance>685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>633625.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</maturityDt>
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      <invstOrSec>
        <name>EVERBRIDGE INC ZCP 03/15/26</name>
        <lei>549300WCY0UMR64ATW81</lei>
        <title>EVERBRIDGE INC REGD ZCP 144A P/P CONVERTIBLE 0.00000000</title>
        <cusip>29978AAD6</cusip>
        <identifiers>
          <isin value="US29978AAD63"/>
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        <balance>1085000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1127721.88000000</valUSD>
        <pctVal>0.174209150070</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>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
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            <dbtSecRefInstrument>
              <name>EVERBRIDGE INC</name>
              <title>EVERBRIDGE INC</title>
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          <currencyInfos>
            <currencyInfo convRatio="6.00000000" curCd="USD"/>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <name>ARTEX SAC LIMITED 0% 06/15/21</name>
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        <name>ALLIED UNIVERS 6.625% 07/15/26</name>
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        <name>CAELUS RE V LTD V/R 06/07/21</name>
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        <name>RESILIENCE RE LTD ZCP 04/06/21</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>NIELSEN FINANCE 4.75% 07/15/31</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SIMMONS FOOD I 4.625% 03/01/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GENESIS ENERGY LP/ 8% 01/15/27</name>
        <lei>N/A</lei>
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          <isin value="US37185LAM46"/>
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        <fairValLevel>2</fairValLevel>
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        <name>LIMESTONE RE LTD ZCP 08/31/21</name>
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          <isin value="XS1537567759"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>CARNIVAL CORP 7.625% 03/01/26</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
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        <cusip>143658BL5</cusip>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENTRAL GARDEN 4.125% 04/30/31</name>
        <lei>5493004DVZLD37DJ0H83</lei>
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        <cusip>153527AP1</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-30</maturityDt>
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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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        <balance>2087000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2256370.49000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>CCO HLDGS LLC/ 5.125% 05/01/27</name>
        <lei>N/A</lei>
        <title>CCO HLDGS LLC/CAP CORP REGD 144A P/P 5.12500000</title>
        <cusip>1248EPBT9</cusip>
        <identifiers>
          <isin value="US1248EPBT92"/>
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        <balance>2869000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3001691.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUMMIT MATERIAL 5.25% 01/15/29</name>
        <lei>N/A</lei>
        <title>SUMMIT MATERIALS LLC/FIN REGD 144A P/P 5.25000000</title>
        <cusip>86614RAN7</cusip>
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          <isin value="US86614RAN70"/>
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        <valUSD>137962.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ARTEX SAC LTD V/R 02/01/22</name>
        <lei>N/A</lei>
        <title>ARTEX SAC LTD DINGLE RE 2019   REGD V/R /BNR4CDDZ9/ 0.00000000</title>
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        <valUSD>5131.40000000</valUSD>
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        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>AAG FH LP/AAG F 9.75% 07/15/24</name>
        <lei>N/A</lei>
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        <cusip>00033AAA6</cusip>
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          <isin value="US00033AAA60"/>
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        <name>LIFEPOINT HEAL 5.375% 01/15/29</name>
        <lei>N/A</lei>
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        <cusip>53219LAU3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>HEXION INC 7.875% 07/15/27</name>
        <lei>N/A</lei>
        <title>HEXION INC REGD 144A P/P 7.87500000</title>
        <cusip>42829LAF1</cusip>
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          <isin value="US42829LAF13"/>
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        <name>ALLISON TRANSMI 3.75% 01/30/31</name>
        <lei>N/A</lei>
        <title>ALLISON TRANSMISSION INC REGD 144A P/P 3.75000000</title>
        <cusip>019736AG2</cusip>
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          <isin value="US019736AG29"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NOVELIS CORP 5.875% 09/30/26</name>
        <lei>N/A</lei>
        <title>NOVELIS CORP REGD 144A P/P 5.87500000</title>
        <cusip>670001AC0</cusip>
        <identifiers>
          <isin value="US670001AC05"/>
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        <balance>1840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1906608.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>CALPINE CORP 5.25% 06/01/26</name>
        <lei>N/A</lei>
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          <isin value="US131347CK09"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>549300WVEHPGE0Z56F71</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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            <dbtSecRefInstrument>
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              <title>BENTLEY SYSTEMS</title>
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      <invstOrSec>
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        <cusip>629377CQ3</cusip>
        <identifiers>
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      <invstOrSec>
        <name>KRATON POLYMERS 4.25% 12/15/25</name>
        <lei>N/A</lei>
        <title>KRATON POLYMERS LLC/CAP REGD 144A P/P 4.25000000</title>
        <cusip>50076XAC5</cusip>
        <identifiers>
          <isin value="US50076XAC56"/>
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        <balance>1040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1066000.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARCOSA INC 4.375% 04/15/29</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>ARCOSA INC REGD 144A P/P 4.37500000</title>
        <cusip>039653AA8</cusip>
        <identifiers>
          <isin value="US039653AA89"/>
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        <balance>1125000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1150312.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>TRPTY RBC DOMIN 0.05% 08/02/21</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="34JM0M"/>
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        <curCd>USD</curCd>
        <valUSD>3750000.00000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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              <invstCat>AMBS</invstCat>
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      <invstOrSec>
        <name>LOGMEIN INC 5.5% 09/01/27</name>
        <lei>N/A</lei>
        <title>LOGMEIN INC REGD 144A P/P 5.50000000</title>
        <cusip>541056AA5</cusip>
        <identifiers>
          <isin value="US541056AA53"/>
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        <balance>2492000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2583331.80000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <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>23158.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VISTRA OPERATI 4.375% 05/01/29</name>
        <lei>N/A</lei>
        <title>VISTRA OPERATIONS CO LLC REGD 144A P/P 4.37500000</title>
        <cusip>92840VAH5</cusip>
        <identifiers>
          <isin value="US92840VAH50"/>
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        <balance>1075000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CSC HOLDINGS LLC 5% 11/15/31</name>
        <lei>N/A</lei>
        <title>CSC HOLDINGS LLC REGD 144A P/P 5.00000000</title>
        <cusip>126307BK2</cusip>
        <identifiers>
          <isin value="US126307BK24"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201330.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>INSMED INC 1.75% 01/15/25</name>
        <lei>529900Q55QAG41CCAC11</lei>
        <title>INSMED INC REGD CONVERTIBLE 1.75000000</title>
        <cusip>457669AA7</cusip>
        <identifiers>
          <isin value="US457669AA77"/>
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        <curCd>USD</curCd>
        <valUSD>1247110.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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              <title>INSMED INC</title>
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        <name>SPIRIT AIRLINES IN 1% 05/15/26</name>
        <lei>549300DCAFIXFNFR3304</lei>
        <title>SPIRIT AIRLINES INC REGD CONVERTIBLE 1.00000000</title>
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        <identifiers>
          <isin value="US848577AB85"/>
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        <balance>2986000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>HCRX INVESTMENTS 4.5% 08/01/29</name>
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        <title>HCRX INVESTMENTS HOLDCO REGD 144A P/P 4.50000000</title>
        <cusip>40390FAA8</cusip>
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        <name>OUTFRONT MEDIA  4.25% 01/15/29</name>
        <lei>N/A</lei>
        <title>OUTFRONT MEDIA CAP LLC/C REGD 144A P/P 4.25000000</title>
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          <isin value="US69007TAE47"/>
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        <balance>1080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1085400.00000000</valUSD>
        <pctVal>0.167671315809</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BLOOMIN' BRAND 5.125% 04/15/29</name>
        <lei>N/A</lei>
        <title>BLOOMIN' BRANDS INC/OSI REGD 144A P/P 5.12500000</title>
        <cusip>094234AA9</cusip>
        <identifiers>
          <isin value="US094234AA90"/>
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        <balance>650000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>667875.00000000</valUSD>
        <pctVal>0.103172544726</pctVal>
        <payoffProfile>Long</payoffProfile>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LIMESTONE RE LTD ZCP 08/31/21</name>
        <lei>5493004PN8HGYC184A27</lei>
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        <cusip>G5488XAB6</cusip>
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          <isin value="XS1537567320"/>
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        <curCd>USD</curCd>
        <valUSD>1350.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DYCOM INDUSTRIES 4.5% 04/15/29</name>
        <lei>549300F56EKTHQI3WT60</lei>
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        <cusip>267475AD3</cusip>
        <identifiers>
          <isin value="US267475AD30"/>
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        <balance>2556000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2587950.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARTEX SAC LTD V/R 03/31/22</name>
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        <cusip>N/A</cusip>
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        <curCd>USD</curCd>
        <valUSD>29220.52000000</valUSD>
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        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ARTEX SAC LTD BER 0% 12/31/21</name>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR3N2962"/>
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        <curCd>USD</curCd>
        <valUSD>206815.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VERINT SYSTEMS  0.25% 04/15/26</name>
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          <isin value="US92343XAB64"/>
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        <fairValLevel>2</fairValLevel>
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            <dbtSecRefInstrument>
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              <title>VERINT SYSTEMS INC</title>
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      <invstOrSec>
        <name>ASCENT CNR CORP CLASS A COMMON</name>
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          <other otherDesc="CLIENT ID" value="BNR2LFC06"/>
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      <invstOrSec>
        <name>VINE ENERGY HOL 6.75% 04/15/29</name>
        <lei>N/A</lei>
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          <isin value="US92735LAA08"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TEREX CORP 5% 05/15/29</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>TEREX CORP REGD 144A P/P 5.00000000</title>
        <cusip>880779BA0</cusip>
        <identifiers>
          <isin value="US880779BA01"/>
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        <balance>1535000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1590643.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNITED AIRLINE 4.375% 04/15/26</name>
        <lei>N/A</lei>
        <title>UNITED AIRLINES INC REGD 144A P/P 4.37500000</title>
        <cusip>90932LAG2</cusip>
        <identifiers>
          <isin value="US90932LAG23"/>
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        <balance>415000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>426985.20000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CAESARS ENTERT 8.125% 07/01/27</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CAESARS ENTERTAIN INC REGD 144A P/P 8.12500000</title>
        <cusip>28470RAK8</cusip>
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          <isin value="US28470RAK86"/>
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        <balance>3536000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3888468.48000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>TRPTY BANK OF N 0.05% 08/02/21</name>
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        <cusip>N/A</cusip>
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          <other otherDesc="INTERNAL" value="34JM0K"/>
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        <curCd>USD</curCd>
        <valUSD>3000000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>AMBIENCE MERGE 7.125% 07/15/29</name>
        <lei>N/A</lei>
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        <cusip>04650YAB6</cusip>
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          <isin value="US04650YAB65"/>
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      <invstOrSec>
        <name>EQT CORP 3.125% 05/15/26</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
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        <cusip>26884LAM1</cusip>
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        <name>PAR PHARMACEUTIC 7.5% 04/01/27</name>
        <lei>N/A</lei>
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        <cusip>69888XAA7</cusip>
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          <isin value="US69888XAA72"/>
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        <name>VIKING CRUISES 5.875% 09/15/27</name>
        <lei>N/A</lei>
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          <isin value="US92676XAD93"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EDGEWELL PERSONA 5.5% 06/01/28</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
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        <cusip>28035QAA0</cusip>
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          <isin value="US28035QAA04"/>
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        <balance>3080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3261319.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>JB POINDEXTER  7.125% 04/15/26</name>
        <lei>549300W6P81HOZZGPQ16</lei>
        <title>JB POINDEXTER &amp; CO INC REGD 144A P/P 7.12500000</title>
        <cusip>730481AJ7</cusip>
        <identifiers>
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      <invstOrSec>
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        <name>ARTEX SAC LIMITED V/R 01/31/22</name>
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        <name>ENLINK MIDSTRE 5.375% 06/01/29</name>
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        <name>PANGAEA RE 2018-3 0% 07/01/22</name>
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        <name>SYNCREON GROUP WT EX 10/01/24</name>
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        <name>MPT OPER PARTN 4.625% 08/01/29</name>
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        <name>OPTION CARE HE WT EX 6/30/25</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>NESCO HOLDINGS I 5.5% 04/15/29</name>
        <lei>N/A</lei>
        <title>NESCO HOLDINGS II INC REGD 144A P/P 5.50000000</title>
        <cusip>64083YAA9</cusip>
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          <isin value="US64083YAA91"/>
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        <balance>1470000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1516929.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARTEX SAC LTD V/R 12/31/21</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR3SDP81"/>
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        <balance>405831.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29706.83000000</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITI GROUP/CSL  6.5% 02/15/29</name>
        <lei>N/A</lei>
        <title>UNITI GROUP/CSL CAPITAL REGD 144A P/P 6.50000000</title>
        <cusip>91327BAA8</cusip>
        <identifiers>
          <isin value="US91327BAA89"/>
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        <balance>2090000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2118340.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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>21278.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NCR CORP 8.125% 04/15/25</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>NCR CORP REGD 144A P/P 8.12500000</title>
        <cusip>62886EAX6</cusip>
        <identifiers>
          <isin value="US62886EAX67"/>
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        <balance>290000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>315012.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</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>AETHON UN/AETHI 8.25% 02/15/26</name>
        <lei>N/A</lei>
        <title>AETHON UN/AETHIN UN FIN REGD 144A P/P 8.25000000</title>
        <cusip>00810GAC8</cusip>
        <identifiers>
          <isin value="US00810GAC87"/>
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        <balance>2066000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2210012.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</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>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>
        <identifiers>
          <isin value="US131347CP95"/>
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        <balance>875000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>862968.75000000</valUSD>
        <pctVal>0.133310397839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</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>PATRICK INDUSTRI 7.5% 10/15/27</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
        <title>PATRICK INDUSTRIES INC REGD 144A P/P 7.50000000</title>
        <cusip>703343AC7</cusip>
        <identifiers>
          <isin value="US703343AC76"/>
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        <balance>3599000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3913912.50000000</valUSD>
        <pctVal>0.604616601104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</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>FIRST QUANTUM  6.875% 03/01/26</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>FIRST QUANTUM MINERALS L REGD 144A P/P 6.87500000</title>
        <cusip>335934AR6</cusip>
        <identifiers>
          <isin value="US335934AR67"/>
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        <balance>625000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>652250.00000000</valUSD>
        <pctVal>0.100758813098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</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>PRIME HEALTHCAR 7.25% 11/01/25</name>
        <lei>N/A</lei>
        <title>PRIME HEALTHCARE SERVICE REGD 144A P/P 7.25000000</title>
        <cusip>74165HAB4</cusip>
        <identifiers>
          <isin value="US74165HAB42"/>
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        <balance>1960000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2103785.60000000</valUSD>
        <pctVal>0.324990325901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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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        <balance>1837944.20000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1732262.41000000</valUSD>
        <pctVal>0.267597860339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEWS CORP 3.875% 05/15/29</name>
        <lei>549300ITS31QK8VRBQ14</lei>
        <title>NEWS CORP REGD 144A P/P 3.87500000</title>
        <cusip>65249BAA7</cusip>
        <identifiers>
          <isin value="US65249BAA70"/>
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        <balance>1135000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1155395.95000000</valUSD>
        <pctVal>0.178484207865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>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>
        <identifiers>
          <isin value="US84762LAW54"/>
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        <balance>1360000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1472200.00000000</valUSD>
        <pctVal>0.227423725018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>VERSUTUS RE 2019-B 0% 12/31/21</name>
        <lei>N/A</lei>
        <title>VERSUTUS RE 2019-B REGD ZCP    /BNR48UYP5/ 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR48UYP5"/>
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        <balance>52853.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1289.61000000</valUSD>
        <pctVal>0.000199217436</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-31</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>OCI NV 5.25% 11/01/24</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI NV REGD 144A P/P 5.25000000</title>
        <cusip>67091GAC7</cusip>
        <identifiers>
          <isin value="US67091GAC78"/>
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        <balance>627000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>643834.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOVELIS CORP 3.875% 08/15/31</name>
        <lei>N/A</lei>
        <title>NOVELIS CORP REGD 144A P/P 3.87500000</title>
        <cusip>670001AH9</cusip>
        <identifiers>
          <isin value="US670001AH91"/>
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        <balance>900000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>909216.00000000</valUSD>
        <pctVal>0.140454618643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Pioneer High Yield Fund</ncom:nameOfApplicant>
      <ncom:signature>Anthony J. Koenig, Jr.</ncom:signature>
      <ncom:signerName>Anthony J. Koenig, Jr.</ncom:signerName>
      <ncom:title>Treasurer and Chief Accounting and Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
