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        <name>CONSTELLATION AUTOMOTIVE</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ARTERA SERVICES LLC</name>
        <lei>549300J2G34D0WX8Z443</lei>
        <title>Artera Services LLC</title>
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          <isin value="US73939VAA26"/>
          <other otherDesc="SEDOL" value="BLD1XT6"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIAMOND SPORTS GR/DIAMON</name>
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          <other otherDesc="SEDOL" value="BKKGCN4"/>
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        <balance>635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>163512.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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          <other otherDesc="INTERNAL" value="FX1001164"/>
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        <balance>-2000000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89011526"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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        <name>FIRST QUANTUM MINERALS L</name>
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        <title>First Quantum Minerals Ltd</title>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ARAB REPUBLIC OF EGYPT</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government International Bond</title>
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          <isin value="US03846JAB61"/>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PARTY CITY HOLDINGS INC</name>
        <lei>5493005PYM1JS6EZN307</lei>
        <title>Party City Holdings Inc</title>
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        <balance>527000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>530104.03000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CSC HOLDINGS LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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        <curCd>USD</curCd>
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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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        <name>Seminole Re 2018, 1/15/22</name>
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          <other otherDesc="INTERNAL" value="BNR3N2EG4"/>
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        <balance>283700.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2672.02000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
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          <other otherDesc="SEDOL" value="BM8H4Y8"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>CIDRON AIDA FINCO SARL</name>
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        <title>Cidron Aida Finco Sarl</title>
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        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>SOVCOMBANK (SOVCOM CAPT)</name>
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        <title>Sovcombank Via SovCom Capital DAC</title>
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        <curCd>USD</curCd>
        <valUSD>921372.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>BENTLEY SYSTEMS</name>
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        <title>Bentley Systems Inc</title>
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        <curCd>USD</curCd>
        <valUSD>233240.00000000</valUSD>
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        <invCountry>US</invCountry>
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              <title>Bentley Systems Inc</title>
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                <ticker value="BSY"/>
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        <name>AMC ENTERTAINMENT HLDGS</name>
        <lei>549300ZO77UNR6NRBR11</lei>
        <title>AMC Entertainment Holdings Inc</title>
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        <title>Occidental Petroleum Corp</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>TRINSEO OP / TRINSEO FIN</name>
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        <name>SHERWOOD FI 4.5% 11/15/26/EUR/</name>
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        <name>METINVEST BV</name>
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        <name>US RENAL CARE INC</name>
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        <title>US Renal Care Inc</title>
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        <name>PRIME SECSRVC BRW/FINANC</name>
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        <name>BANK OF AMERICA, NATIONAL ASSOCIATION</name>
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        <name>ATLAS LUXCO 4 / ALL UNI</name>
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        <name>CNTL AMR BOTTLING CORP</name>
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        <name>FREEDOM MORTGAGE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ENERGEAN PLC</name>
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        <title>Energean PLC</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SOVCOMBANK (SOVCOM CAPT)</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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        <name>RENEWABLE ENERGY GROUP I</name>
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        <title>Renewable Energy Group Inc</title>
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        <name>CLEAR CHANNEL OUTDOOR HO</name>
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        <title>Clear Channel Outdoor Holdings Inc</title>
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        <name>Merion Re 2018-2, 12/31/21</name>
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        <name>ASCENT CLASS A COMMON STO</name>
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        <name>State Street Bank and Trust Company</name>
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        <name>ATLAS LUXCO 4 / ALL UNI</name>
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        <name>MED Trust</name>
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        <name>ENERGIZER GAMMA ACQ BV</name>
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        <name>NRG ENERGY INC</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy Inc</title>
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        <lei>254900IHLXZU4Z5ANA12</lei>
        <title>Jamf Holding Corp</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isContngtConvrtbl>Y</isContngtConvrtbl>
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            <dbtSecRefInstrument>
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      </invstOrSec>
      <invstOrSec>
        <name>IHS HOLDING LTD</name>
        <lei>213800CLGMKL63VKTD94</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Thopas Re 2019, 12/31/22</name>
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          <other otherDesc="INTERNAL" value="BNR48W680"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>P&amp;L DEV LLC/PLD FIN CORP</name>
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          <isin value="US69306RAA41"/>
          <other otherDesc="SEDOL" value="BLDRMD1"/>
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        <balance>600000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC SECURITIES (USA) INC.</name>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="MDJ2112200274907"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>HSBC SECURITIES (USA) INC.</counterpartyName>
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            <settlementDt>2022-03-25</settlementDt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITI GROUP/CSL CAPITAL</name>
        <lei>N/A</lei>
        <title>Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC</title>
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          <isin value="US91327BAA89"/>
          <other otherDesc="SEDOL" value="BMDHSY1"/>
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        <balance>780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>737872.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Versutus Re 2018, 12/31/21</name>
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        <title>Versutus Re 2018, 12/31/21</title>
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          <other otherDesc="INTERNAL" value="BNR3MF0E6"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>360.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.01000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LAMB WESTON HLD</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>Lamb Weston Holdings Inc</title>
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          <isin value="US513272AE49"/>
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        <balance>454000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>447759.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bantry RE 2019, 12/31/22</name>
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          <other otherDesc="INTERNAL" value="BNR4B8Q46"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8490.91000000</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>Floating</couponKind>
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        <name>Viribus Re 2018, 12/31/21</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL" value="BNR3MUHU9"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>OI EUROPEAN GROUP BV</name>
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        <title>OI European Group BV</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CAELUS RE V LTD</name>
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        <name>ANR Inc</name>
        <lei>54930073NMZSTQ358I60</lei>
        <title>ANR Inc</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIRST QUANTUM MINERALS L</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>First Quantum Minerals Ltd</title>
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        <balance>200000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Berwick Re 2018-1, 12/31/21</name>
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          <other otherDesc="INTERNAL" value="BNR3N2962"/>
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        <curCd>USD</curCd>
        <valUSD>109940.54000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF NIGERIA</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Nigeria Government International Bond</title>
        <cusip>65412JAS2</cusip>
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          <isin value="US65412JAS24"/>
          <other otherDesc="SEDOL" value="BP814D0"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>744480.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPIRIT AIRLINES INC</name>
        <lei>549300DCAFIXFNFR3304</lei>
        <title>Spirit Airlines Inc</title>
        <cusip>848577AB8</cusip>
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          <isin value="US848577AB85"/>
          <other otherDesc="SEDOL" value="BMWPVP8"/>
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        <balance>1078000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-15</maturityDt>
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          <annualizedRt>1.00000000</annualizedRt>
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          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
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              <title>Spirit Airlines Inc</title>
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                <cusip value="848577102"/>
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                <ticker value="SAVE"/>
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      <invstOrSec>
        <name>TERVITA CORP</name>
        <lei>N/A</lei>
        <title>Tervita Corp</title>
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          <isin value="US88159EAA10"/>
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        <balance>473000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Formby Re 2018, 2/28/22</name>
        <lei>N/A</lei>
        <title>Formby Re 2018, 2/28/22</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="BNR3X5JE6"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30700.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-28</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>KOPPERS INC</name>
        <lei>LTO4ZL5EBDR1NE6FGJ36</lei>
        <title>Koppers Inc</title>
        <cusip>500605AH3</cusip>
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          <isin value="US500605AH33"/>
          <other otherDesc="SEDOL" value="BYXH328"/>
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        <balance>601000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>602502.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AUNA SA</name>
        <lei>549300C3XBVL3X4TME11</lei>
        <title>Auna SAA</title>
        <cusip>05151VAA5</cusip>
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          <isin value="US05151VAA52"/>
          <other otherDesc="SEDOL" value="BNM5274"/>
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        <balance>535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>537514.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Versutus Re 2019-A, 12/31/21</name>
        <lei>N/A</lei>
        <title>Versutus Re 2019-A, 12/31/21</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BNR48UWU6"/>
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        <balance>264763.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>158.86000000</valUSD>
        <pctVal>0.000078949127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.01000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRANSOCEAN SENTRY LTD</name>
        <lei>N/A</lei>
        <title>Transocean Sentry Ltd</title>
        <cusip>89385AAA3</cusip>
        <identifiers>
          <isin value="US89385AAA34"/>
          <other otherDesc="SEDOL" value="BK5JH00"/>
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        <balance>191626.53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>184919.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GRUPO AEROMEXICO SAB</name>
        <lei>N/A</lei>
        <title>Grupo Aeromexico SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BL3434364"/>
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        <balance>329149.68020000</balance>
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        <curCd>USD</curCd>
        <valUSD>325594.86000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEASPAN CORP</name>
        <lei>5493007Z8Q1H45KT7W98</lei>
        <title>Seaspan Corp</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010981939"/>
          <other otherDesc="SEDOL" value="BN29JV9"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>744030.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DEALER TIRE LLC/DT ISSR</name>
        <lei>N/A</lei>
        <title>Dealer Tire LLC / DT Issuer LLC</title>
        <cusip>24229JAA1</cusip>
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          <isin value="US24229JAA16"/>
          <other otherDesc="SEDOL" value="BK94CG2"/>
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        <balance>536000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>548060.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARNIVAL CORP</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp</title>
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          <isin value="US143658BG61"/>
          <other otherDesc="SEDOL" value="BLCGQB5"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202140.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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      <invstOrSec>
        <name>LUNE HOLDINGS SARL</name>
        <lei>54930003WQ56T0558M33</lei>
        <title>Lune Holdings Sarl</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2406727409"/>
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        <balance>465000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89011526"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CLEVELAND-CLIFFS INC</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>Cleveland-Cliffs Inc</title>
        <cusip>185899AG6</cusip>
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          <isin value="US185899AG62"/>
          <other otherDesc="SEDOL" value="BL399L4"/>
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        <curCd>USD</curCd>
        <valUSD>730309.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>PETROLEOS MEXICANOS</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
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          <isin value="US71643VAA35"/>
          <other otherDesc="SEDOL" value="BMG72M4"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>568870.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>GBP/USD FORWARD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="MDJ2111150471158"/>
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        <balance>1.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <lei>YH0V7ZHY352ITDGEYB83</lei>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>DRAFTKINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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                <ticker value="DKNG"/>
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        <name>Oyster Bay Re 2018, 1/15/22</name>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>ENLINK MIDSTREAM PARTNER</name>
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          <isin value="US29336UAG22"/>
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        <fairValLevel>2</fairValLevel>
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        <name>GOL FINANCE SA</name>
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          <isin value="US36254VAC28"/>
          <other otherDesc="SEDOL" value="BLBLPB4"/>
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        <balance>2635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2427520.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>COEUR MINING INC</name>
        <lei>5493003AVK173D48DR70</lei>
        <title>Coeur Mining Inc</title>
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        <balance>730000.00000000</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>B3 SA-BRASIL BOLSA BALCA</name>
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        <curCd>USD</curCd>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AIR CANADA</name>
        <lei>4B4HI3CGXMBDC0G6BM51</lei>
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        <balance>513000.00000000</balance>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>VIKING OCEAN CRUISES SHI</name>
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        <name>REPUBLIC OF GHANA</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NABORS INDUSTRIES LTD</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Pangaea Re 2018-1, 12/31/21</name>
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        <balance>300000.00000000</balance>
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        <valUSD>6316.35000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>SCIL IV LLC / SCIL USA H</name>
        <lei>N/A</lei>
        <title>SCIL IV LLC / SCIL USA Holdings LLC</title>
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        <name>GRUPO POSADAS SAB CV</name>
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      <invstOrSec>
        <name>VISTAJET MALTA/XO MGMT</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORD MOTOR CREDI</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>QUATRIM SAS</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TRICIDA INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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            <dbtSecRefInstrument>
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      <invstOrSec>
        <name>GOL FINANCE SA</name>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ADLER REAL ESTATE AG</name>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HUDBAY MINERALS INC</name>
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        <title>Hudbay Minerals Inc</title>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Viribus Re 2019, 12/31/22</name>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>SEASPAN CORP</name>
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        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ACCESS BANK PLC</name>
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        <title>Access Bank PLC</title>
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        <name>TOTAL PLAY TELECOM</name>
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        <title>Total Play Telecomunicaciones SA de CV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>MINSUR SA</name>
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        <title>Minsur SA</title>
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        <invCountry>PE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CLEARWAY ENERGY OP LLC</name>
        <lei>549300Z3NFMM54NWBB87</lei>
        <title>Clearway Energy Operating LLC</title>
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        <name>TRONOX INC</name>
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        <title>Tronox Inc</title>
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        <invCountry>US</invCountry>
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        <name>SOUTHWESTERN ENERGY CO</name>
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        <title>Southwestern Energy Co</title>
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      <invstOrSec>
        <name>IHS HOLDING LTD</name>
        <lei>213800CLGMKL63VKTD94</lei>
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          <isin value="US44963HAA32"/>
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        <curCd>USD</curCd>
        <valUSD>282038.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-29</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TEVA PHARM FNC NL II</name>
        <lei>549300HSQCIKJAOYIT23</lei>
        <title>Teva Pharmaceutical Finance Netherlands II BV</title>
        <cusip>000000000</cusip>
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          <isin value="XS2406607098"/>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>BEAZER HOMES USA</name>
        <lei>549300DUPYT2T0F60I45</lei>
        <title>Beazer Homes USA Inc</title>
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          <isin value="US07556QBT13"/>
          <other otherDesc="SEDOL" value="BLNR565"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARRIAGE PURCHASER INC</name>
        <lei>N/A</lei>
        <title>Carriage Purchaser Inc</title>
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          <isin value="US14445LAA52"/>
          <other otherDesc="SEDOL" value="BMGCCC9"/>
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        <balance>1485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1449783.23000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST QUANTUM MINERALS L</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>First Quantum Minerals Ltd</title>
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          <isin value="US335934AR67"/>
          <other otherDesc="SEDOL" value="BFZYRK0"/>
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        <balance>705000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>727912.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALTICE FRANCE HOLDING SA</name>
        <lei>5299000JVHXKJPOE6H40</lei>
        <title>Altice France Holding SA</title>
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          <isin value="US02156TAA25"/>
          <other otherDesc="SEDOL" value="BJP8GP8"/>
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        <balance>1065000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>971972.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>
        <name>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>EUR/USD FORWARD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="MDJ2112170357237"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4406.36000000</valUSD>
        <pctVal>0.002189841844</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      <invstOrSec>
        <name>PECF USS INTERMEDIATE HO</name>
        <lei>N/A</lei>
        <title>PECF USS Intermediate Holding III Corp</title>
        <cusip>69291HAA3</cusip>
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          <isin value="US69291HAA32"/>
          <other otherDesc="SEDOL" value="BP9RHW7"/>
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        <balance>975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>984750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANCO MERCANTIL DE NORTE</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Banco Mercantil del Norte SA/Grand Cayman</title>
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          <isin value="US05971PAA66"/>
          <other otherDesc="SEDOL" value="BK5VM56"/>
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        <balance>226000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>229955.00000000</valUSD>
        <pctVal>0.114281420797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF AMERICA, NATIONAL ASSOCIATION</name>
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        <title>USD CALL VERSUS EUR PUT</title>
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          <other otherDesc="INTERNAL" value="FX1039049"/>
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        <balance>4050000.00000000</balance>
        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                      <other otherDesc="INTERNAL" value="AAPI250_FX1039049_955_S"/>
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                    <invOthCountry>US</invOthCountry>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>JEFFERIES FIN LLC / JFIN</name>
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          <isin value="US47232MAF95"/>
          <other otherDesc="SEDOL" value="BP83D39"/>
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        <name>SHELF DRILL HOLD LTD</name>
        <lei>54930078ZJ3XP4MRYB68</lei>
        <title>Shelf Drilling Holdings Ltd</title>
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          <isin value="US822538AE44"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>KINGDOM OF BAHRAIN</name>
        <lei>549300RODM1WN85LFQ95</lei>
        <title>Bahrain Government International Bond</title>
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          <isin value="US05674RAG92"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>BH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>SCIENTIFIC GAMES INTERNA</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>Scientific Games International Inc</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="BG13CX6"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Alturas Re 2019-2, 3/10/22</name>
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        <title>Alturas Re 2019-2, 3/10/22</title>
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          <other otherDesc="INTERNAL" value="33YLKH"/>
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        <balance>3037.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4276.10000000</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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      <invstOrSec>
        <name>Project Watson Bridge Loan 5% 03/25/2022</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>M/I HOMES INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEVA PHARMACEUTICALS NE</name>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOMBARDIER INC</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
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      <invstOrSec>
        <name>GALAXY BIDCO LTD</name>
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        <title>Galaxy Bidco Ltd</title>
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          <isin value="XS2028892557"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-31</maturityDt>
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      <invstOrSec>
        <name>STAPLES INC</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>Staples Inc</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>VIKING CRUISES LTD</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>Viking Cruises Ltd</title>
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          <isin value="US92676XAD93"/>
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        <balance>817000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>743347.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
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      <invstOrSec>
        <name>INTERNATIONAL GAME TECH</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
        <title>International Game Technology PLC</title>
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          <isin value="XS2051911605"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>AMER AIRLINE 21-1B PTT</name>
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        <title>American Airlines 2021-1 Class B Pass Through Trust</title>
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        <curCd>USD</curCd>
        <valUSD>219866.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-11</maturityDt>
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      <invstOrSec>
        <name>MIDAS OPCO HOLDINGS LLC</name>
        <lei>N/A</lei>
        <title>Midas OpCo Holdings LLC</title>
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        <valUSD>502740.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
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        <name>GRINDING MEDIA INC</name>
        <lei>254900IYFJ03EGFQ8C34</lei>
        <title>Grinding Media Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SHERWOOD FINANCING PLC</name>
        <lei>259400SSZWSSPNYW7K08</lei>
        <title>Sherwood Financing PLC</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
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        <name>Bantry RE 2016, 3/31/22</name>
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        <invCountry>BM</invCountry>

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        <name>SIMPAR EUROPE SA</name>
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        <title>Simpar Europe SA</title>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>MERCER INTL INC</name>
        <lei>549300Z5IAG39VRTY874</lei>
        <title>Mercer International Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <name>SURGERY CENTER HOLDINGS</name>
        <lei>54930054EVI5HWPPW113</lei>
        <title>Surgery Center Holdings Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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        <name>NCL CORPORATION LTD</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCL Corp Ltd</title>
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        <balance>780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>742950.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
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      <invstOrSec>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RANGE RESOURCES CORP</name>
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        <title>Range Resources Corp</title>
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        <name>CCO HLDGS LLC/CAP CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT CO LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co LLC</title>
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          <isin value="US345397B777"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SCHWEITZER-MAUDUIT INTL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IAMGOLD CORP</name>
        <lei>254900E7II30XAB9LA72</lei>
        <title>IAMGOLD Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>REALOGY GROUP/CO-ISSUER</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TREASURY BILL</name>
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        <title>United States Treasury Bill</title>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>SIERRACOL ENRGY ANDINA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Harambee Re 2019, 12/31/22</name>
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        <name>SYLVAMO CORP</name>
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        <title>Sylvamo Corp</title>
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        <name>HARBOUR ENERGY PLC</name>
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        <name>ALTICE FRANCE SA</name>
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        <name>Dreyfus Government Cash Management</name>
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        <name>DEUCE FINCO</name>
        <lei>9845007DA2BC863E8437</lei>
        <title>Deuce Finco Plc</title>
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      <invstOrSec>
        <name>LOGMEIN INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VZ SECURED FINANCING BV</name>
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        <title>VZ Secured Financing BV</title>
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        <valUSD>375991.20000000</valUSD>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLOBAL AIR LEASE CO LTD</name>
        <lei>N/A</lei>
        <title>Global Aircraft Leasing Co Ltd</title>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALTICE FRANCE SA</name>
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          <isin value="US02156LAE11"/>
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        <curCd>USD</curCd>
        <valUSD>260400.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SASOL FINANCING USA LLC</name>
        <lei>549300XRB1PFMESFEL85</lei>
        <title>Sasol Financing USA LLC</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>PAR PHARMACEUTICAL INC</name>
        <lei>549300KK5WR4MGN4YT97</lei>
        <title>Par Pharmaceutical Inc</title>
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          <isin value="US69888XAA72"/>
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        <balance>808000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AVATION CAPITAL SA</name>
        <lei>54930056OEYSV06OMD90</lei>
        <title>Avation Capital SA</title>
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          <isin value="US05351CAA53"/>
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        <balance>406405.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>341380.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>ATENTO LUXCO 1 SA</name>
        <lei>549300MLFF3HYCZQTC48</lei>
        <title>Atento Luxco 1 SA</title>
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          <isin value="US04684LAC28"/>
          <other otherDesc="SEDOL" value="BMCTZT2"/>
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        <balance>1047000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1103515.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>MIWD HLDCO II/MIWD FIN</name>
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        <balance>90000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>DIEBOLD NIXDORF INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>MINERVA LUXEMBOURG SA</name>
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        <title>Minerva Luxembourg SA</title>
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        <invCountry>LU</invCountry>

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        <name>CIDRON AIDA FINCO SARL</name>
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        <title>Cidron Aida Finco Sarl</title>
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        <name>DELEK LOG PART/FINANCE</name>
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        <invCountry>CA</invCountry>
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        <name>REPUBLIC OF GABON</name>
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        <title>Gabon Government International Bond</title>
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        <invCountry>GA</invCountry>
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        <name>VERISURE HOLDING AB</name>
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        <title>Verisure Holding AB</title>
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        <name>CLEARWATER PAPER CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DANAOS CORP</name>
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        <name>CHROME BIDCO SASU</name>
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        <name>Citibank, National Association</name>
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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>REPUBLIC OF ARGENTINA</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>Argentine Republic Government International Bond</title>
        <cusip>040114HX1</cusip>
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          <isin value="US040114HX11"/>
          <other otherDesc="SEDOL" value="BNC18N0"/>
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        <balance>118980.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42237.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MC BRAZIL DWNSTRM</name>
        <lei>213800T2A7R9TYNXZI63</lei>
        <title>MC Brazil Downstream Trading SARL</title>
        <cusip>55292WAA8</cusip>
        <identifiers>
          <isin value="US55292WAA80"/>
          <other otherDesc="SEDOL" value="BNNTMV9"/>
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        <balance>1137000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1085846.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVELIS CORP</name>
        <lei>549300G5F3W3B52WYL23</lei>
        <title>Novelis Corp</title>
        <cusip>670001AH9</cusip>
        <identifiers>
          <isin value="US670001AH91"/>
          <other otherDesc="SEDOL" value="BMHR201"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296100.00000000</valUSD>
        <pctVal>0.147153698323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AKBANK TAS</name>
        <lei>789000TUMN63Z28TJ497</lei>
        <title>Akbank TAS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS1210422074"/>
          <other otherDesc="SEDOL" value="BWK1PS9"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>669410.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>APX GROUP INC</name>
        <lei>549300OMQVKPRU98OE64</lei>
        <title>APX Group Inc</title>
        <cusip>00213MAW4</cusip>
        <identifiers>
          <isin value="US00213MAW47"/>
          <other otherDesc="SEDOL" value="BKPKKL5"/>
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        <balance>1130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1053725.00000000</valUSD>
        <pctVal>0.523672849598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIFIN FINANCIERA SA DE</name>
        <lei>5493007GRMPGDJG93Z17</lei>
        <title>Unifin Financiera SAB de CV</title>
        <cusip>90471MAA0</cusip>
        <identifiers>
          <isin value="US90471MAA09"/>
          <other otherDesc="SEDOL" value="BJ9MTW4"/>
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        <balance>1066000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>632138.00000000</valUSD>
        <pctVal>0.314155503380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ATLANTICA SUSTAIN INFRA</name>
        <lei>549300ITBBGKJ651R879</lei>
        <title>Atlantica Sustainable Infrastructure PLC</title>
        <cusip>04916WAA2</cusip>
        <identifiers>
          <isin value="US04916WAA27"/>
          <other otherDesc="SEDOL" value="BN7QKN4"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>191000.00000000</valUSD>
        <pctVal>0.094921838499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</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>MINERVA MERGER SUB INC</name>
        <lei>N/A</lei>
        <title>MINERVA MERGER SUB INC</title>
        <cusip>60337JAA4</cusip>
        <identifiers>
          <isin value="US60337JAA43"/>
          <other otherDesc="SEDOL" value="BN7SNC0"/>
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        <balance>1440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1434960.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VAM2</cusip>
        <identifiers>
          <isin value="US29273VAM28"/>
          <other otherDesc="SEDOL" value="BMHR7W8"/>
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        <balance>1165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1184659.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Desarrolladora Homex SAB de CV</name>
        <lei>N/A</lei>
        <title>Desarrolladora Homex SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01HO000007"/>
          <ticker value="HOMEX*"/>
          <other otherDesc="SEDOL" value="B01RQ23"/>
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        <balance>1443476.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>ACU PETROLEO LUXEMBOURG</name>
        <lei>N/A</lei>
        <title>Acu Petroleo Luxembourg Sarl</title>
        <cusip>00110RAA5</cusip>
        <identifiers>
          <isin value="US00110RAA59"/>
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        <balance>910000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>889525.00000000</valUSD>
        <pctVal>0.442069886866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST BRANDS GROUP LLC</name>
        <lei>N/A</lei>
        <title>First Brands Group LLC</title>
        <cusip>31935HAD9</cusip>
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          <isin value="US31935HAD98"/>
          <other otherDesc="INTERNAL" value="BL3572759"/>
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        <balance>504982.73320000</balance>
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        <curCd>USD</curCd>
        <valUSD>506665.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>ASCENT RESOURCES/ARU FIN</name>
        <lei>N/A</lei>
        <title>Ascent Resources Utica Holdings LLC / ARU Finance Corp</title>
        <cusip>04364VAU7</cusip>
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          <isin value="US04364VAU70"/>
          <other otherDesc="SEDOL" value="BNHTSC8"/>
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        <balance>640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>617600.00000000</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>2029-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>STONEWAY CAPITAL CORP</name>
        <lei>549300CV1RKODDF74O91</lei>
        <title>Stoneway Capital Corp</title>
        <cusip>86188PAA5</cusip>
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          <isin value="US86188PAA57"/>
          <other otherDesc="SEDOL" value="BD4HGN2"/>
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        <balance>1000708.78000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>Y</isDefault>
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      <invstOrSec>
        <name>PROVIDENT FDG/PFG FIN</name>
        <lei>N/A</lei>
        <title>Provident Funding Associates LP / PFG Finance Corp</title>
        <cusip>74387UAJ0</cusip>
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          <isin value="US74387UAJ07"/>
          <other otherDesc="SEDOL" value="BDGLXK8"/>
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        <balance>997000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DIEBOLD NIXDORF INC</name>
        <lei>549300XZK6EWDBAZSY16</lei>
        <title>Diebold Nixdorf Inc</title>
        <cusip>253651AC7</cusip>
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          <isin value="US253651AC78"/>
          <other otherDesc="SEDOL" value="BZ006M8"/>
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        <balance>595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>590537.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IMAX CORP</name>
        <lei>5493002KS2T1Q0X7VZ21</lei>
        <title>IMAX Corp</title>
        <cusip>45245EAH2</cusip>
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          <isin value="US45245EAH27"/>
          <other otherDesc="SEDOL" value="BLF87D7"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>491140.00000000</valUSD>
        <pctVal>0.244083307648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>IMAX Corp</name>
              <title>IMAX Corp</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="45245E109"/>
                <isin value="CA45245E1097"/>
                <ticker value="IMAX"/>
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            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="34.77660000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HIDROVIAS INT FIN SARL</name>
        <lei>222100RBWNBUZOTA9381</lei>
        <title>Hidrovias International Finance SARL</title>
        <cusip>42953LAB8</cusip>
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          <isin value="US42953LAB80"/>
          <other otherDesc="SEDOL" value="BNC02L3"/>
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        <balance>620000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>566531.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLIED UNIVERSAL</name>
        <lei>N/A</lei>
        <title>Allied Universal Holdco LLC / Allied Universal Finance Corp</title>
        <cusip>019576AB3</cusip>
        <identifiers>
          <isin value="US019576AB35"/>
          <other otherDesc="SEDOL" value="BJYCQ84"/>
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        <balance>960000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1012800.00000000</valUSD>
        <pctVal>0.503334230537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN GLOBAL AIRLINES</name>
        <lei>N/A</lei>
        <title>Western Global Airlines LLC</title>
        <cusip>958278AA1</cusip>
        <identifiers>
          <isin value="US958278AA10"/>
          <other otherDesc="SEDOL" value="BMBW365"/>
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        <balance>1285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1418318.75000000</valUSD>
        <pctVal>0.704866090726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO DE LA CIUDAD BA</name>
        <lei>579100JKDKKIJDDJC094</lei>
        <title>Banco de la Ciudad de Buenos Aires</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ARBCIU3200E7"/>
          <other otherDesc="SEDOL" value="BZ16443"/>
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        <balance>8000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ARS" exchangeRt="223.90270000"/>
        <valUSD>24580.32000000</valUSD>
        <pctVal>0.012215754792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>39.83929800</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>SEAWORLD PARKS &amp; ENTERTA</name>
        <lei>549300UZV72O3371JJ53</lei>
        <title>SeaWorld Parks &amp; Entertainment Inc</title>
        <cusip>81282UAG7</cusip>
        <identifiers>
          <isin value="US81282UAG76"/>
          <other otherDesc="SEDOL" value="BNC0P25"/>
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        <balance>1140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1107738.00000000</valUSD>
        <pctVal>0.550515850974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pangaea Re 2016-2, 11/30/21</name>
        <lei>N/A</lei>
        <title>Pangaea Re 2016-2, 11/30/21</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BNR2NC301"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1783.29000000</valUSD>
        <pctVal>0.000886246939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.01000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REVANCE THERAPEUTICS INC</name>
        <lei>549300N33TFDZHS81H11</lei>
        <title>Revance Therapeutics Inc</title>
        <cusip>761330AB5</cusip>
        <identifiers>
          <isin value="US761330AB54"/>
          <other otherDesc="SEDOL" value="BNKBD71"/>
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        <balance>455000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>383983.84000000</valUSD>
        <pctVal>0.190829591869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Revance Therapeutics Inc</name>
              <title>Revance Therapeutics Inc</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="761330109"/>
                <isin value="US7613301099"/>
                <ticker value="RVNC"/>
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          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="30.88040000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED GROUP BV</name>
        <lei>213800PC85O8BJ7DU398</lei>
        <title>United Group BV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2434786260"/>
          <other otherDesc="SEDOL" value="BMX5H59"/>
        </identifiers>
        <balance>675000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89011526"/>
        <valUSD>735578.89000000</valUSD>
        <pctVal>0.365562830368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDITO REAL SAB DE CV</name>
        <lei>549300W2IL7TPPCTKL39</lei>
        <title>Credito Real SAB de CV SOFOM ER</title>
        <cusip>22547AAD3</cusip>
        <identifiers>
          <isin value="US22547AAD37"/>
          <other otherDesc="SEDOL" value="BMVHP31"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206507.00000000</valUSD>
        <pctVal>0.102628398445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</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>UKRAINE GOVERNMENT</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>Ukraine Government International Bond</title>
        <cusip>903724BW1</cusip>
        <identifiers>
          <isin value="US903724BW19"/>
          <other otherDesc="SEDOL" value="BFZYTX7"/>
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        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>575000.00000000</valUSD>
        <pctVal>0.285759461452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.99400000</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>NEPTUNE ENERGY BONDCO</name>
        <lei>549300CPMT8I2QBRYF88</lei>
        <title>Neptune Energy Bondco PLC</title>
        <cusip>64073KAA1</cusip>
        <identifiers>
          <isin value="US64073KAA16"/>
          <other otherDesc="SEDOL" value="BFMFKC9"/>
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        <balance>1060000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1073250.00000000</valUSD>
        <pctVal>0.533376246963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</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>SHIBA BIDCO SPA</name>
        <lei>815600658C215B62EA21</lei>
        <title>Shiba Bidco SpA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2397065504"/>
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        <balance>960000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89011526"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EDEN RE II LTD</name>
        <lei>549300LKX8PCP3SC3F42</lei>
        <title>Eden Re II Ltd</title>
        <cusip>27954GAA1</cusip>
        <identifiers>
          <isin value="US27954GAA13"/>
          <other otherDesc="SEDOL" value="BFX78V9"/>
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        <balance>12500.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3738.75000000</valUSD>
        <pctVal>0.001858057715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-22</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENPHASE ENERGY INC</name>
        <lei>5493008U7KIGMI59Z314</lei>
        <title>Enphase Energy Inc</title>
        <cusip>29355AAJ6</cusip>
        <identifiers>
          <isin value="US29355AAJ60"/>
          <other otherDesc="SEDOL" value="BNRKGN8"/>
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        <balance>803000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>732830.52000000</valUSD>
        <pctVal>0.364196964749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Enphase Energy Inc</name>
              <title>Enphase Energy Inc</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="29355A107"/>
                <isin value="US29355A1079"/>
                <ticker value="ENPH"/>
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          <currencyInfos>
            <currencyInfo convRatio="3.51040000" curCd="USD"/>
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          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CARNIVAL PLC</name>
        <lei>4DR1VPDQMHD3N3QW8W95</lei>
        <title>Carnival PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2066744231"/>
          <other otherDesc="SEDOL" value="BK5HMX2"/>
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        <balance>385000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89011526"/>
        <valUSD>321152.23000000</valUSD>
        <pctVal>0.159603979633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pangaea Re 2019-3, 7/1/23</name>
        <lei>N/A</lei>
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        <name>FORD MOTOR CREDIT CO LLC</name>
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        <name>YPF SOCIEDAD ANONIMA</name>
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        <invCountry>CA</invCountry>
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        <name>State Street Bank and Trust Company</name>
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        <name>FORD MOTOR CREDIT CO LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co LLC</title>
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        <name>MEG ENERGY CORP</name>
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        <name>Amplify Energy Corp</name>
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        <name>RAIN CII CARBON LLC/CII</name>
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        <name>TURKIYE VAKIFLAR BANKASI</name>
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        <title>Turkiye Vakiflar Bankasi TAO</title>
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        <name>Emerald Plantation Holdings Lt</name>
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        <invCountry>HK</invCountry>
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        <name>ASG FINANCE DESIGNATED</name>
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        <title>ASG Finance Designated Activity Co</title>
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        <invCountry>IE</invCountry>

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        <name>TULLOW OIL PLC</name>
        <lei>2138003EYHWO75RKS857</lei>
        <title>Tullow Oil PLC</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>EDEN RE II LTD</name>
        <lei>549300LKX8PCP3SC3F42</lei>
        <title>Eden Re II Ltd</title>
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        <name>UNITED WHOLESALE MTGE LL</name>
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        <name>ELDORADO GOLD CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ALPHA METALLURGICAL RESOURCE</name>
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        <derivativeInfo>
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        <name>CONTOURGLOBAL POWER HLDG</name>
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        <title>ContourGlobal Power Holdings SA</title>
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        <name>ZIGGO BOND CO BV</name>
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        <name>LCM INVESTMENTS HOLDINGS</name>
        <lei>549300P5V78NNQTG4428</lei>
        <title>LCM Investments Holdings II LLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FOOD SERVICE PROJECT SL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAYTEX ENERGY CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>PARKLAND CORP</name>
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          <isin value="US70137WAL28"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
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      <invstOrSec>
        <name>LIFEPOINT HEALTH INC</name>
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        <title>LifePoint Health Inc</title>
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          <isin value="US53219LAU35"/>
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        <balance>1145000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>BOMBARDIER INC</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
        <title>Bombardier Inc</title>
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          <isin value="US097751BT78"/>
          <other otherDesc="SEDOL" value="BHL3S24"/>
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        <balance>1205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1216724.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</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>
        <name>LyondellBasell Industries NV</name>
        <lei>BN6WCCZ8OVP3ITUUVN49</lei>
        <title>LyondellBasell Industries NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0009434992"/>
          <ticker value="LYB"/>
          <other otherDesc="SEDOL" value="B3SPXZ3"/>
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        <balance>148.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14316.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEINOR HOMES SLU</name>
        <lei>959800FW4JL65YWSQ217</lei>
        <title>Neinor Homes SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2332219703"/>
          <other otherDesc="SEDOL" value="BMD03D4"/>
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        <balance>270000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89011526"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MCGRAW-HILL EDUCATION</name>
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        <title>McGraw-Hill Education Inc</title>
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        <balance>1975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1846625.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>CONSTELLIUM SE</name>
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        <title>Constellium SE</title>
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          <isin value="XS2335148701"/>
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        <balance>959000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89011526"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>INSMED INC</name>
        <lei>529900Q55QAG41CCAC11</lei>
        <title>Insmed Inc</title>
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        <balance>458000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>444268.23000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
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              <title>Insmed Inc</title>
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                <isin value="US4576693075"/>
                <ticker value="INSM"/>
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      <invstOrSec>
        <name>BROWN BROTHERS HARRIMAN &amp; CO.</name>
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        <title>DESARROLLADORA HOMEX SAB DE CV</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WINDSTREAM ESCROW LLC</name>
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      <invstOrSec>
        <name>ARCHROCK PARTNERS LP/FIN</name>
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        <name>STRATHCONA RESOURCES</name>
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        <title>Strathcona Resources Ltd</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>USD CALL VERSUS EUR PUT</title>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AKBANK TAS</name>
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        <name>Walton Health Re 2018, 6/15/22</name>
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        <name>YPF SOCIEDAD ANONIMA</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Bakrie &amp; Brothers TBK</name>
        <lei>N/A</lei>
        <title>PT Bakrie &amp; Brothers TBK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BNR3QPDS5"/>
        </identifiers>
        <balance>11178198000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="IDR" exchangeRt="14382.00000000"/>
        <valUSD>77723.53000000</valUSD>
        <pctVal>0.038626494043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-22</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEAM HEALTH HOLDINGS INC</name>
        <lei>549300PVTQ4UDTTMQT11</lei>
        <title>Team Health Holdings Inc</title>
        <cusip>87817JAE8</cusip>
        <identifiers>
          <isin value="US87817JAE82"/>
          <other otherDesc="INTERNAL" value="BL2287177"/>
        </identifiers>
        <balance>1061706.95760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1022954.65000000</valUSD>
        <pctVal>0.508380817172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOTAL PLAY TELECOM</name>
        <lei>4469000001BSAPAMOQ06</lei>
        <title>Total Play Telecomunicaciones SA de CV</title>
        <cusip>89157FAA8</cusip>
        <identifiers>
          <isin value="US89157FAA84"/>
          <other otherDesc="SEDOL" value="BMWB7N6"/>
        </identifiers>
        <balance>885000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>889079.85000000</valUSD>
        <pctVal>0.441848659346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The Fund amended Form N-PORT for the period ended January 31, 2022 to correct the filing for security fair value leveling in Item C.8. The fund did not report any level 3 securities but it should have." noteItem="C.8"/>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-07-18</ncom:dateSigned>
      <ncom:nameOfApplicant>Pioneer Series Trust VII</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; Treasurer of the Funds</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
