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        <name>DELEK LOG PART/ 6.75% 05/15/25</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLAR LNG LTD 7% 10/20/25</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRICIDA INC 3.5% 05/15/27</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ROYAL CARIBBEA 9.125% 06/15/23</name>
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        <name>DRAFTKINGS INC ZCP 03/15/28</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIKING OCEAN C 5.625% 02/15/29</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CLEARWATER PAPE 4.75% 08/15/28</name>
        <lei>549300HCVV19GXN4P292</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>MOZART DEBT ME 3.875% 04/01/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>T/L GRUPO AEROMEXIC 0% 8/19/22</name>
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        <name>CYPRESS 2017 0% 1/31/22</name>
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        <name>JAZZ SECURITIE 4.375% 01/15/29</name>
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        <name>AIR CANADA 4% 07/01/25</name>
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        <name>FORD MOTOR CRE 5.113% 05/03/29</name>
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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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        <valUSD>1418183.60000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>GROUP 1 AUTOMOTIVE 4% 08/15/28</name>
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      <invstOrSec>
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        <name>MACY'S RETAIL  5.875% 04/01/29</name>
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        <name>SCIL IV LLC /  5.375% 11/01/26</name>
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        <lei>549300LRW9WM59C1S579</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STAPLES INC 7.5% 04/15/26</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LAMAR MEDIA CO 3.625% 01/15/31</name>
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        <name>TRONOX INC 4.625% 03/15/29</name>
        <lei>N/A</lei>
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        <name>OUTFRONT MEDIA  6.25% 06/15/25</name>
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        <invCountry>US</invCountry>
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        <name>WELLS FARGO &amp; COMPANY /PFD/CV</name>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <name>FORD MOTOR CRE 4.542% 08/01/26</name>
        <lei>N/A</lei>
        <title>FORD MOTOR CREDIT CO LLC REGD 4.54200000</title>
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          <isin value="US345397ZW60"/>
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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>VISTRA OPERATI 5.625% 02/15/27</name>
        <lei>N/A</lei>
        <title>VISTRA OPERATIONS CO LLC REGD 144A P/P 5.62500000</title>
        <cusip>92840VAB8</cusip>
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          <isin value="US92840VAB80"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>PARTY CITY HOLD 8.75% 02/15/26</name>
        <lei>N/A</lei>
        <title>PARTY CITY HOLDINGS INC REGD 144A P/P 8.75000000</title>
        <cusip>702150AG8</cusip>
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          <isin value="US702150AG84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SEAWORLD PARKS  5.25% 08/15/29</name>
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        <title>SEAWORLD PARKS &amp; ENTERTA REGD 144A P/P 5.25000000</title>
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          <isin value="US81282UAG76"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>OCCIDENTAL PETRO 4.4% 04/15/46</name>
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          <isin value="US674599CJ22"/>
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        <name>PROVIDENT FDG/ 6.375% 06/15/25</name>
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        <name>TRONOX INC 6.5% 05/01/25</name>
        <lei>N/A</lei>
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        <cusip>897051AB4</cusip>
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          <isin value="US897051AB46"/>
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        <name>MOHEGAN GAMING &amp; E 8% 02/01/26</name>
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          <isin value="US608328BH21"/>
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        <name>MAV ACQUISITION CO 8% 08/01/29</name>
        <lei>N/A</lei>
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          <isin value="US57767XAB64"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FORD MOTOR CRE 4.134% 08/04/25</name>
        <lei>N/A</lei>
        <title>FORD MOTOR CREDIT CO LLC REGD 4.13400000</title>
        <cusip>345397XL2</cusip>
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          <isin value="US345397XL24"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CAELUS RE V LTD V/R 06/05/20</name>
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        <name>CLEAR CHANNEL OU 7.5% 06/01/29</name>
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        <name>VIRIBUS RE 2019 0.0% 12/31/22</name>
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        <name>NIELSEN FINANCE  4.5% 07/15/29</name>
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        <name>GMSL 2004-A B1 5.25% 11/25/32</name>
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        <name>TULLOW OIL PLC 10.25% 05/15/26</name>
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        <name>FORD MOTOR CRE 3.375% 11/13/25</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>NOVELIS CORP 3.25% 11/15/26</name>
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        <name>JOSEPH T RYERSON 8.5% 08/01/28</name>
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        <name>EDEN RE II LTD ZCP 03/22/23</name>
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        <name>AMERICAN AIRLIN 5.75% 04/20/29</name>
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        <name>PORTRUSH2017 0% 6/15/21</name>
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        <name>OCCIDENTAL PETRO 5.5% 12/01/25</name>
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      <invstOrSec>
        <name>PLANTRONICS INC 4.75% 03/01/29</name>
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        <name>BUILDERS FIRSTSOUR 5% 03/01/30</name>
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        <name>PBF HOLDING CO  9.25% 05/15/25</name>
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        <name>TAP ROCK RESOURCES 7% 10/01/26</name>
        <lei>549300Y3SDS1HPFQ6H17</lei>
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        <name>CARNIVAL CORP 10.5% 02/01/26</name>
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        <name>ALLIANCE DATA S 4.75% 12/15/24</name>
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        <name>PANGAEA RE 0% 7/1/23</name>
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        <title>ONEMAIN FINANCE CORP REGD 3.50000000</title>
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        <name>BEAZER HOMES US 7.25% 10/15/29</name>
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        <name>WESCO DISTRIBU 7.125% 06/15/25</name>
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        <name>NRG ENERGY INC 3.625% 02/15/31</name>
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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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        <name>SUMMIT MATERIALS 6.5% 03/15/27</name>
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        <lei>N/A</lei>
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        <name>ARTEX SAC LTD DAR V/R 01/31/22</name>
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        <name>EDEN RE II LTD ZCP 03/22/22</name>
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        <name>CONTURA ENERGY WT EX 7/25/23</name>
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      <invstOrSec>
        <name>BUILDERS FIRSTS 6.75% 06/01/27</name>
        <lei>549300W0SKP6L3H7DP63</lei>
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        <fairValLevel>2</fairValLevel>
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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="LX189588"/>
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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>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOMBARDIER INC 7.875% 04/15/27</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
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        <cusip>097751BT7</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HARAMBEE 2018 0.00% 12/31/21</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <fairValLevel>3</fairValLevel>
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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>
        <identifiers>
          <isin value="US29362UAD63"/>
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        <balance>2345000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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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>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <dbtSecRefInstruments>
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              <title>SUMMIT HOTEL PROPERTIES INC</title>
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      <invstOrSec>
        <name>OLYMPUS WTR US  6.25% 10/01/29</name>
        <lei>549300YU2GGVCBN3MY89</lei>
        <title>OLYMPUS WTR US HLDG CORP REGD 144A P/P 6.25000000</title>
        <cusip>681639AB6</cusip>
        <identifiers>
          <isin value="US681639AB60"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>688275.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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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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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PRIME SECSRVC B 5.75% 04/15/26</name>
        <lei>N/A</lei>
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        <cusip>74166MAC0</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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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>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NRG ENERGY INC 3.875% 02/15/32</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG ENERGY INC REGD 144A P/P 3.87500000</title>
        <cusip>629377CS9</cusip>
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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>
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          <other otherDesc="CLIENT ID" value="BNR36VPS1"/>
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        <name>ENLINK MIDSTREA 5.05% 04/01/45</name>
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        <title>ENLINK MIDSTREAM PARTNER REGD 5.05000000</title>
        <cusip>29336UAD9</cusip>
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          <isin value="US29336UAD90"/>
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        <balance>685000.00000000</balance>
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        <name>ISTAR INC 4.75% 10/01/24</name>
        <lei>QFFLKWYYS3UPWD86E794</lei>
        <title>ISTAR INC REGD 4.75000000</title>
        <cusip>45031UCF6</cusip>
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        <valUSD>3370235.00000000</valUSD>
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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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        <name>MODIVCARE ESCROW I 5% 10/01/29</name>
        <lei>N/A</lei>
        <title>MODIVCARE ESCROW ISSUER REGD 144A P/P 5.00000000</title>
        <cusip>60783XAA2</cusip>
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          <isin value="US60783XAA28"/>
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        <curCd>USD</curCd>
        <valUSD>935796.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>FORD MOTOR CREDI 2.7% 08/10/26</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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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>CLEARWAY ENERGY 3.75% 01/15/32</name>
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          <isin value="US18539UAE55"/>
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        <valUSD>845903.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GENESIS ENERGY LP/ 8% 01/15/27</name>
        <lei>N/A</lei>
        <title>GENESIS ENERGY LP/FIN REGD 8.00000000</title>
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          <isin value="US37185LAM46"/>
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        <balance>1295000.00000000</balance>
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        <curCd>USD</curCd>
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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>CARNIVAL CORP 7.625% 03/01/26</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>CARNIVAL CORP REGD 144A P/P 7.62500000</title>
        <cusip>143658BL5</cusip>
        <identifiers>
          <isin value="US143658BL56"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>384560.35000000</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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      <invstOrSec>
        <name>UNITI GRP/UNITI HL 6% 01/15/30</name>
        <lei>N/A</lei>
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        <cusip>91327AAB8</cusip>
        <identifiers>
          <isin value="US91327AAB89"/>
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        <balance>2890000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2853875.00000000</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>
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      <invstOrSec>
        <name>CENTRAL GARDEN 4.125% 04/30/31</name>
        <lei>5493004DVZLD37DJ0H83</lei>
        <title>CENTRAL GARDEN &amp; PET CO REGD 144A P/P 4.12500000</title>
        <cusip>153527AP1</cusip>
        <identifiers>
          <isin value="US153527AP10"/>
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        <balance>870000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>870000.01000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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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>
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          <isin value="US91911XAW48"/>
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        <balance>2087000.00000000</balance>
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        <valUSD>2214828.75000000</valUSD>
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        <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>
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          <isin value="US1248EPBT92"/>
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        <balance>2869000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <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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        <name>ARTEX SAC LTD V/R 02/01/22</name>
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        <title>ARTEX SAC LTD DINGLE RE 2019   REGD V/R /BNR4CDDZ9/ 0.00000000</title>
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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>
        <title>LIFEPOINT HEALTH INC REGD 144A P/P 5.37500000</title>
        <cusip>53219LAU3</cusip>
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          <isin value="US53219LAU35"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.37500000</annualizedRt>
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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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        <balance>1480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1568800.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <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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        <curCd>USD</curCd>
        <valUSD>2254131.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALPINE CORP 5.25% 06/01/26</name>
        <lei>N/A</lei>
        <title>CALPINE CORP REGD 144A P/P 5.25000000</title>
        <cusip>131347CK0</cusip>
        <identifiers>
          <isin value="US131347CK09"/>
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        <balance>1133000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1165800.52000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRIME SECSRVC B 5.25% 04/15/24</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US74166MAB28"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BENTLEY SYSTEM 0.375% 07/01/27</name>
        <lei>549300WVEHPGE0Z56F71</lei>
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        <cusip>08265TAC3</cusip>
        <identifiers>
          <isin value="US08265TAC36"/>
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        <balance>1100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1112348.61000000</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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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
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            <dbtSecRefInstrument>
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              <title>BENTLEY SYSTEMS</title>
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              <identifiers>
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          <currencyInfos>
            <currencyInfo convRatio="12.00000000" curCd="USD"/>
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          <delta>XXXX</delta>
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      <invstOrSec>
        <name>NRG ENERGY INC 3.375% 02/15/29</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG ENERGY INC REGD 144A P/P 3.37500000</title>
        <cusip>629377CQ3</cusip>
        <identifiers>
          <isin value="US629377CQ33"/>
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        <balance>915000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>892125.00000000</valUSD>
        <pctVal>0.139464039811</pctVal>
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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>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>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1075100.00000000</valUSD>
        <pctVal>0.168068139780</pctVal>
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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>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>1141875.00000000</valUSD>
        <pctVal>0.178506936202</pctVal>
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        <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>4.37500000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUTHWESTERN E 5.375% 02/01/29</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
        <title>SOUTHWESTERN ENERGY CO REGD 144A P/P 5.37500000</title>
        <cusip>845467AQ2</cusip>
        <identifiers>
          <isin value="US845467AQ20"/>
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        <balance>2820000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2975100.00000000</valUSD>
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        <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>5.37500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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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>2494217.88000000</valUSD>
        <pctVal>0.389915876939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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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>15354.30000000</valUSD>
        <pctVal>0.002400305681</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <annualizedRt>0.00000000</annualizedRt>
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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>
        <valUSD>1064250.00000000</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>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>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>185699.00000000</valUSD>
        <pctVal>0.029029937204</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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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        <balance>1244000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1311673.60000000</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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              <title>INSMED INC</title>
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          <currencyInfos>
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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>
        <cusip>848577AB8</cusip>
        <identifiers>
          <isin value="US848577AB85"/>
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        <balance>2986000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2685608.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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              <title>SPIRIT AIRLINES INC</title>
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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>
        <cusip>69007TAE4</cusip>
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          <isin value="US69007TAE47"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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>642492.50000000</valUSD>
        <pctVal>0.100439511950</pctVal>
        <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>5.12500000</annualizedRt>
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        <name>ARTEX SAC LTD V/R 12/31/21</name>
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        <name>ARTEX SAC LTD V/R 03/31/22</name>
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        <name>ARTEX SAC LTD BER 0% 12/31/21</name>
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        <name>VERINT SYSTEMS  0.25% 04/15/26</name>
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        <title>VERINT SYSTEMS INC REGD 144A P/P CONVERTIBLE 0.25000000</title>
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        <name>ASCENT CNR CORP CLASS A COMMON</name>
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      <invstOrSec>
        <name>EQT CORP 3.125% 05/15/26</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
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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>
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        <cusip>69888XAA7</cusip>
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          <isin value="US69888XAA72"/>
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        <fairValLevel>2</fairValLevel>
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        <name>VIKING CRUISES 5.875% 09/15/27</name>
        <lei>N/A</lei>
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        <cusip>92676XAD9</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EDGEWELL PERSONA 5.5% 06/01/28</name>
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        <name>JB POINDEXTER  7.125% 04/15/26</name>
        <lei>549300W6P81HOZZGPQ16</lei>
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        <cusip>730481AJ7</cusip>
        <identifiers>
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      <invstOrSec>
        <name>MERCER INTL IN 5.125% 02/01/29</name>
        <lei>549300Z5IAG39VRTY874</lei>
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        <cusip>588056BB6</cusip>
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          <isin value="US588056BB60"/>
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        <name>SUNCOKE ENERGY 4.875% 06/30/29</name>
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        <name>CARPENTER TECH 6.375% 07/15/28</name>
        <lei>DX6I6ZD3X5WNNCDJKP85</lei>
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        <cusip>144285AL7</cusip>
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        <name>ALLIED UNIVERSAL 6% 06/01/29</name>
        <lei>N/A</lei>
        <title>ALLIED UNIVERSAL REGD 144A P/P 6.00000000</title>
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          <isin value="US019576AC18"/>
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        <name>WESTERN GLOBA 10.375% 08/15/25</name>
        <lei>N/A</lei>
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        <name>CLEVELAND-CLIFF 6.75% 03/15/26</name>
        <lei>549300TM2WLI2BJMDD86</lei>
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        <cusip>185899AG6</cusip>
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          <isin value="US185899AG62"/>
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        <valUSD>5317545.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FIRST QUANTUM  6.875% 10/15/27</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>FIRST QUANTUM MINERALS L REGD 144A P/P 6.87500000</title>
        <cusip>335934AT2</cusip>
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          <isin value="US335934AT24"/>
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        <curCd>USD</curCd>
        <valUSD>1793400.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OCI NV 4.625% 10/15/25</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI NV REGD 144A P/P 4.62500000</title>
        <cusip>67091GAE3</cusip>
        <identifiers>
          <isin value="US67091GAE35"/>
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        <balance>2328000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2421120.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>M/I HOMES INC 3.95% 02/15/30</name>
        <lei>5299005M71FH9CCSFB69</lei>
        <title>M/I HOMES INC REGD 144A P/P 3.95000000</title>
        <cusip>55305BAT8</cusip>
        <identifiers>
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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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      <invstOrSec>
        <name>BEACON ROOFING 4.125% 05/15/29</name>
        <lei>549300HDXQWWCBOYXP31</lei>
        <title>BEACON ROOFING SUPPLY IN REGD 144A P/P 4.12500000</title>
        <cusip>073685AH2</cusip>
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          <isin value="US073685AH26"/>
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        <balance>1845000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1815018.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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      <invstOrSec>
        <name>KENNEDY-WILSON  4.75% 02/01/30</name>
        <lei>N/A</lei>
        <title>KENNEDY-WILSON INC REGD 4.75000000</title>
        <cusip>489399AN5</cusip>
        <identifiers>
          <isin value="US489399AN56"/>
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        <balance>2470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2485437.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATLANTICA SUST 4.125% 06/15/28</name>
        <lei>549300ITBBGKJ651R879</lei>
        <title>ATLANTICA SUSTAIN INFRA REGD 144A P/P 4.12500000</title>
        <cusip>04916WAA2</cusip>
        <identifiers>
          <isin value="US04916WAA27"/>
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        <balance>475000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>483906.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HILCORP ENERGY I/H 6% 02/01/31</name>
        <lei>N/A</lei>
        <title>HILCORP ENERGY I/HILCORP REGD 144A P/P 6.00000000</title>
        <cusip>431318AV6</cusip>
        <identifiers>
          <isin value="US431318AV64"/>
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        <balance>1375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1411263.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLEVELAND-CLIF 9.875% 10/17/25</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLEVELAND-CLIFFS INC REGD 144A P/P 9.87500000</title>
        <cusip>185899AJ0</cusip>
        <identifiers>
          <isin value="US185899AJ02"/>
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        <balance>192000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>219840.00000000</valUSD>
        <pctVal>0.034367128498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-17</maturityDt>
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          <annualizedRt>9.87500000</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>654050.00000000</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>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PANGAEA RE 2018-1 0% 12/31/21</name>
        <lei>N/A</lei>
        <title>PANGAEA RE 2018-1 ZCP          /BNR3MYH98/ 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR3MYH98"/>
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        <balance>500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10527.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARTEX SAC LTD CAR V/R 12/31/17</name>
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        <title>CARNOUSTIE 2017 V/R 931DSHII1 BNR30WD58 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR30WD58"/>
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        <valUSD>197700.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>BUILDERS FIRSTS 4.25% 02/01/32</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BUILDERS FIRSTSOURCE INC REGD 144A P/P 4.25000000</title>
        <cusip>12008RAP2</cusip>
        <identifiers>
          <isin value="US12008RAP29"/>
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        <balance>1110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1118813.40000000</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>2032-02-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>GLATFELTER 4.75% 11/15/29</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>GLATFELTER REGD 144A P/P 4.75000000</title>
        <cusip>377320AA4</cusip>
        <identifiers>
          <isin value="US377320AA45"/>
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        <balance>1535000.00000000</balance>
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        <valUSD>1562476.50000000</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>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>ATKORE INC 4.25% 06/01/31</name>
        <lei>52990002TI38AM4RPV48</lei>
        <title>ATKORE INC REGD 144A P/P 4.25000000</title>
        <cusip>047649AA6</cusip>
        <identifiers>
          <isin value="US047649AA63"/>
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        <balance>940000.00000000</balance>
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        <valUSD>949400.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>PRECISION DRIL 6.875% 01/15/29</name>
        <lei>549300WF2OE8T5BP4B84</lei>
        <title>PRECISION DRILLING CORP REGD 144A P/P 6.87500000</title>
        <cusip>740212AM7</cusip>
        <identifiers>
          <isin value="US740212AM74"/>
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        <balance>1412000.00000000</balance>
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        <valUSD>1457890.00000000</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>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>ASCENT RESOURC 5.875% 06/30/29</name>
        <lei>N/A</lei>
        <title>ASCENT RESOURCES/ARU FIN REGD 144A P/P 5.87500000</title>
        <cusip>04364VAU7</cusip>
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          <isin value="US04364VAU70"/>
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        <curCd>USD</curCd>
        <valUSD>1791735.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <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>
        <identifiers>
          <isin value="US07556QBM69"/>
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        <balance>3790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3913175.00000000</valUSD>
        <pctVal>0.611738482823</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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        <name>PANGAEA RE 2018-3 0% 07/01/22</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>SYNCREON GROUP WT EX 10/01/24</name>
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      <invstOrSec>
        <name>HARBOUR ENERGY P 5.5% 10/15/26</name>
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        <name>CAESARS ENTERT 4.625% 10/15/29</name>
        <lei>549300FA4CTCW903Y781</lei>
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        <name>OPTION CARE HE WT EX 6/30/25</name>
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        <name>ARTEX SAC LTD V/R 03/31/21</name>
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      <invstOrSec>
        <name>T/L SPECTACLE 0% 12/23/25</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T/L PG&amp;E CORPOR 0% 06/23/25</name>
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      <invstOrSec>
        <name>US RENAL CARE 10.625% 07/15/27</name>
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      <invstOrSec>
        <name>VISTAJET MALTA/ 10.5% 06/01/24</name>
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        <name>SOTHEBY'S 7.375% 10/15/27</name>
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        <name>ISTAR INC 4.25% 08/01/25</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TALEN ENERGY S 7.625% 06/01/28</name>
        <lei>N/A</lei>
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        <cusip>87422VAJ7</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOMBARDIER INC 7.125% 06/15/26</name>
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        <cusip>097751BV2</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREEDOM MORTGAG 8.25% 04/15/25</name>
        <lei>549300LYRWPSYPK6S325</lei>
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        <cusip>35640YAB3</cusip>
        <identifiers>
          <isin value="US35640YAB39"/>
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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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        <name>INSMED INC 0.75% 06/01/28</name>
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        <name>FTS INTERNATIONAL INC-CL A</name>
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        <name>MOZART DEBT MER 5.25% 10/01/29</name>
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        <name>NESCO HOLDINGS I 5.5% 04/15/29</name>
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        <name>ARTEX SAC LTD V/R 12/31/21</name>
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        <name>UNITI GROUP/CSL  6.5% 02/15/29</name>
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      <invstOrSec>
        <name>ANR INC RTS 3/31/23</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AETHON UN/AETHI 8.25% 02/15/26</name>
        <lei>N/A</lei>
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        <cusip>00810GAC8</cusip>
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          <isin value="US00810GAC87"/>
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      <invstOrSec>
        <name>CALPINE CORP 4.625% 02/01/29</name>
        <lei>N/A</lei>
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          <isin value="US131347CP95"/>
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        <balance>875000.00000000</balance>
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      <invstOrSec>
        <name>GAP INC/THE 3.625% 10/01/29</name>
        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
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        <cusip>364760AP3</cusip>
        <identifiers>
          <isin value="US364760AP35"/>
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          <isCashCollateral>N</isCashCollateral>
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      <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>
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      <invstOrSec>
        <name>ROLLER BEARING 4.375% 10/15/29</name>
        <lei>N/A</lei>
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        <cusip>775631AD6</cusip>
        <identifiers>
          <isin value="US775631AD66"/>
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        <balance>130000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
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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>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-01</maturityDt>
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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>2087400.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
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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>
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        <curCd>USD</curCd>
        <valUSD>1801185.32000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-15</maturityDt>
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      <invstOrSec>
        <name>NEWS CORP 3.875% 05/15/29</name>
        <lei>549300ITS31QK8VRBQ14</lei>
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        <cusip>65249BAA7</cusip>
        <identifiers>
          <isin value="US65249BAA70"/>
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        <balance>1135000.00000000</balance>
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        <valUSD>1152025.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <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>
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      </invstOrSec>
      <invstOrSec>
        <name>VERSUTUS RE 2019-B 0% 12/31/21</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR48UYP5"/>
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        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2022-12-31</maturityDt>
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        <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>
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        <valUSD>643458.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GRIFOLS ESCROW  4.75% 10/15/28</name>
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        <cusip>39843UAA0</cusip>
        <identifiers>
          <isin value="US39843UAA07"/>
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        <balance>3040000.00000000</balance>
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        <valUSD>3085600.00000000</valUSD>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NOVELIS CORP 3.875% 08/15/31</name>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>878670.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-11-30</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>Managing Director, Chief Operations Officer &amp; Fund Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
