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        <name>ECOPETROL SA</name>
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      <invstOrSec>
        <name>NOTA DO TESOURO NACIONAL</name>
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        <cusip>000000000</cusip>
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          <isin value="BRSTNCNTF147"/>
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          <maturityDt>2025-01-15</maturityDt>
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        <name>ASHTEAD CAPITAL INC</name>
        <lei>213800J1134IW58IC398</lei>
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        <name>VOC ESCROW LTD</name>
        <lei>N/A</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>TECK RESOURCES LIMITED</name>
        <lei>T8KI5SQ2JRWHL7XY0E11</lei>
        <title>Teck Resources Ltd</title>
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          <isin value="US878742AW53"/>
          <other otherDesc="Sedol" value="B4MWHC2"/>
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        <balance>210000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>DISH DBS CORP</name>
        <lei>N/A</lei>
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        <balance>1160000.00000000</balance>
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        <valUSD>1154200.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>SPRINT COMMUNICATIONS</name>
        <lei>549300JKU50UT08ZWD77</lei>
        <title>Sprint Communications Inc</title>
        <cusip>852061AM2</cusip>
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        <balance>280000.00000000</balance>
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          <maturityDt>2021-11-15</maturityDt>
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        <title>Oasis Petroleum Inc</title>
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        <name>SPRINT COMMUNICATIONS</name>
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        <name>WEIGHT WATCHERS INTL INC</name>
        <lei>SGT8R1MU6ESIC7UJC518</lei>
        <title>Weight Watchers International Inc</title>
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        <valUSD>218925.00000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>ARD SECURITIES FINANCE</name>
        <lei>635400GJAEUL1ES72W59</lei>
        <title>ARD Securities Finance SARL</title>
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        <invCountry>LU</invCountry>
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        <name>AMN HEALTHCARE INC</name>
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        <name>American Home Mortgage Investm</name>
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        <name>BAYVIEW FINANCIAL ASSET TRUST</name>
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        <valUSD>55324.64000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>WESTERN MIDSTREAM OPERAT</name>
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      <invstOrSec>
        <name>NOBLE ENERGY INC</name>
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        <title>Noble Energy Inc</title>
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        <name>DEUTSCHE BANK SECURITIES INC.</name>
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          <transCat>Reverse repurchase</transCat>
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            <repurchaseCollateral>
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              <invstCat>UST</invstCat>
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      <invstOrSec>
        <name>CONTINENTAL RESOURCES</name>
        <lei>XXRTID9RYWOZ0UPIVR53</lei>
        <title>Continental Resources Inc/OK</title>
        <cusip>212015AN1</cusip>
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          <isin value="US212015AN15"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275422.89000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WYNDHAM HOTELS &amp; RESORTS</name>
        <lei>549300FE3MQ4RVXXC673</lei>
        <title>Wyndham Hotels &amp; Resorts Inc</title>
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          <isin value="US98310CAC64"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-30</maturityDt>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
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          <isin value="US172967HQ76"/>
          <other otherDesc="Sedol" value="BLWX1S8"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>531517.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>N/A</maturityDt>
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      <invstOrSec>
        <name>MINEJESA CAPITAL BV</name>
        <lei>549300KS7ERCP10BKC35</lei>
        <title>Minejesa Capital BV</title>
        <cusip>602736AA8</cusip>
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          <isin value="US602736AA85"/>
          <other otherDesc="Sedol" value="BDFB417"/>
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        <balance>810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>834125.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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          <maturityDt>2030-08-10</maturityDt>
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      <invstOrSec>
        <name>ECOPETROL SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol SA</title>
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        <invCountry>CO</invCountry>
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        <debtSec>
          <maturityDt>2025-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNITED MEXICAN STATES</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government International Bond</title>
        <cusip>91087BAE0</cusip>
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          <isin value="US91087BAE02"/>
          <other otherDesc="Sedol" value="BYWP538"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>516125.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>UNITED RENTALS NORTH AM</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America Inc</title>
        <cusip>911365BK9</cusip>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>IHEARTCOMMUNICATIONS INC</name>
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        <title>iHeartCommunications Inc</title>
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        <name>TEMPLE GENERATION LLC</name>
        <lei>5493001V1FJ6FZVZ0M57</lei>
        <title>Temple Generation I LLC</title>
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        <name>Bear Stearns Asset Backed Secu</name>
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        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>None</couponKind>
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        <name>VALE OVERSEAS LIMITED</name>
        <lei>254900BA3U6G5DNV5V04</lei>
        <title>Vale Overseas Ltd</title>
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        <balance>940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1202034.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <name>ABU DHABI GOVT INT'L</name>
        <lei>213800FER4348CINTA77</lei>
        <title>Abu Dhabi Government International Bond</title>
        <cusip>29135LAD2</cusip>
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          <isin value="US29135LAD29"/>
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        <balance>1320000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>AE</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>PETSMART INC</name>
        <lei>N/A</lei>
        <title>PetSmart Inc</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>ENTERPRISE PRODUCTS OPER</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC</title>
        <cusip>29379VAU7</cusip>
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        <name>MAXEDA DIY HOLDING BV</name>
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        <name>ARAMARK SERVICES INC</name>
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        <name>CENTENE CORP</name>
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        <name>Metropolitan Asset Funding, In</name>
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      <invstOrSec>
        <name>FannieMae Whole Loan</name>
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        <issuerCat>USGSE</issuerCat>
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        <name>BRASKEM AMERICA FINANCE</name>
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        <name>AVOLON TLB BORROWER 1 US</name>
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        <name>CSC HOLDINGS LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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        <name>FREEPORT-MCMORAN INC</name>
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        <name>HERCULES OFFSHORE INC ESCROW</name>
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        <name>FIRSTENERGY CORP</name>
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        <name>CORPORATE BACKED TRUST CERTIFICATES</name>
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        <name>CENTENE CORP</name>
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        <title>Centene Corp</title>
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        <name>ADIENT GLOBAL HOLDINGS</name>
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        <title>Adient Global Holdings Ltd</title>
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        <name>MGM CHINA HOLDINGS LTD</name>
        <lei>529900VZFN87OS7WJM66</lei>
        <title>MGM China Holdings Ltd</title>
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        <invCountry>MO</invCountry>
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      <invstOrSec>
        <name>REPUBLIC OF ARGENTINA</name>
        <lei>549300KPBYGYF7HCHO27</lei>
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          <isin value="US040114HP86"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WALT DISNEY COMPANY/THE</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>Walt Disney Co/The</title>
        <cusip>254687CN4</cusip>
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          <isin value="US254687CN46"/>
          <other otherDesc="Sedol" value="BJTM4R4"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>489494.44000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2023-04-26</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BURLINGTON RESOURCES LLC</name>
        <lei>0FJ5X7MVCTSE8OEPQE56</lei>
        <title>Burlington Resources LLC</title>
        <cusip>12201PAN6</cusip>
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          <isin value="US12201PAN69"/>
          <other otherDesc="Sedol" value="2977953"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>642148.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.40000000</annualizedRt>
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      <invstOrSec>
        <name>BRASKEM NETHERLANDS</name>
        <lei>N/A</lei>
        <title>Braskem Netherlands Finance BV</title>
        <cusip>10554TAB1</cusip>
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          <isin value="US10554TAB17"/>
          <other otherDesc="Sedol" value="BF8F7B1"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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          <maturityDt>2028-01-10</maturityDt>
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        <name>CHARTER COMM OPT LLC/CAP</name>
        <lei>N/A</lei>
        <title>Charter Communications Operating LLC / Charter Communications Operating Capital</title>
        <cusip>161175BA1</cusip>
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          <isin value="US161175BA14"/>
          <other otherDesc="Sedol" value="BYQ7R23"/>
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        <balance>1130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1376983.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2045-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.48400000</annualizedRt>
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      <invstOrSec>
        <name>BAYVIEW FINANCIAL ASSET TRUST</name>
        <lei>N/A</lei>
        <title>Bayview Financial Asset Trust 2007-SSR1</title>
        <cusip>07325QAD7</cusip>
        <identifiers>
          <isin value="US07325QAD79"/>
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        <balance>201857.80000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201447.02000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.62663000</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>Merit Securities Corporation</name>
        <lei>N/A</lei>
        <title>MERIT Securities Corp</title>
        <cusip>589962DH9</cusip>
        <identifiers>
          <isin value="US589962DH97"/>
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        <balance>529628.09000000</balance>
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        <curCd>USD</curCd>
        <valUSD>473160.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.74300000</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>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38141GFD1</cusip>
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          <isin value="US38141GFD16"/>
          <other otherDesc="Sedol" value="B283338"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1351595.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Argent Securities Inc.</name>
        <lei>N/A</lei>
        <title>Argent Securities Inc Asset-Backed Pass-Through Certificates Series 2003-W7</title>
        <cusip>040104BF7</cusip>
        <identifiers>
          <isin value="US040104BF78"/>
          <other otherDesc="Sedol" value="BZ0BVS2"/>
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        <balance>32124.63000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31878.16000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.14338000</annualizedRt>
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      <invstOrSec>
        <name>Merit Securities Corporation</name>
        <lei>N/A</lei>
        <title>MERIT Securities Corp</title>
        <cusip>589962DE6</cusip>
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          <isin value="US589962DE66"/>
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        <balance>45588.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45175.53000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.11300000</annualizedRt>
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      <invstOrSec>
        <name>MERCER INTL INC</name>
        <lei>549300Z5IAG39VRTY874</lei>
        <title>Mercer International Inc</title>
        <cusip>588056AY7</cusip>
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          <isin value="US588056AY72"/>
          <other otherDesc="Sedol" value="BK0WXT5"/>
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        <balance>1020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1064982.00000000</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>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CENTENE CORP</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp</title>
        <cusip>15135BAH4</cusip>
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          <isin value="US15135BAH42"/>
          <other otherDesc="Sedol" value="BD0Q9P6"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>229119.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>UNITED AIR 2014-1 B PTT</name>
        <lei>N/A</lei>
        <title>United Airlines 2014-1 Class B Pass Through Trust</title>
        <cusip>90932PAB4</cusip>
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          <isin value="US90932PAB40"/>
          <other otherDesc="Sedol" value="BSNRN71"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-04-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>KINDER MORGAN INC</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan Inc/DE</title>
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          <isin value="US49456BAH42"/>
          <other otherDesc="Sedol" value="BST78D6"/>
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        <balance>1500000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>VIRGIN MEDIA FINANCE PLC</name>
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        <title>Virgin Media Finance PLC</title>
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        <invCountry>GB</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>NETFLIX INC</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix Inc</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>Fixed</couponKind>
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        <name>JPMORGAN CHASE &amp; CO</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>623682.75000000</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>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ECOPETROL SA</name>
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        <name>ANHEUSER-BUSCH INBEV WOR</name>
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        <name>AMERICA WEST AIR 2000-1</name>
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        <name>PETROBRAS GLOBAL FINANCE</name>
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        <name>Washington Mutual MSC Mortgage</name>
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        <name>Regal Trust IV</name>
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      <invstOrSec>
        <name>Morgan Stanley Capital Inc</name>
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        <name>AMERICAN AXLE &amp; MFG INC</name>
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      <invstOrSec>
        <name>TRANSPORT DE GAS PERU</name>
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        <name>ALTICE FRANCE SA</name>
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        <name>CITIGROUP INC</name>
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        <name>DAVITA INC</name>
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        <title>DaVita Inc</title>
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        <name>COMCAST CORP</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp</title>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <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>3.70000000</annualizedRt>
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        <name>PACTIV LLC</name>
        <lei>549300O4WTC6DL4JIE57</lei>
        <title>Pactiv LLC</title>
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        <curCd>USD</curCd>
        <valUSD>54750.00000000</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>2025-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.95000000</annualizedRt>
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        <name>BRISTOL-MYERS SQUIBB CO</name>
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        <title>Bristol-Myers Squibb Co</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>3.40000000</annualizedRt>
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        <name>SEAGATE HDD CAYMAN</name>
        <lei>529900BD50TRWEG1SF63</lei>
        <title>Seagate HDD Cayman</title>
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          <other otherDesc="Sedol" value="BYQF211"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <name>CIT GROUP INC</name>
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        <title>CIT Group Inc</title>
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        <name>CONTL AIRLINES 2000-1</name>
        <lei>N/A</lei>
        <title>Continental Airlines 2000-1 Class A-1 Pass Through Trust</title>
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          <isin value="US210805CY18"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-11-01</maturityDt>
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        <name>DELTA AIR LINES 2007-1 B</name>
        <lei>N/A</lei>
        <title>Delta Air Lines 2007-1 Class B Pass Through Trust</title>
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          <other otherDesc="Sedol" value="B2QZSH5"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-08-10</maturityDt>
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        <name>DISH DBS CORP</name>
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        <title>DISH DBS Corp</title>
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        <name>CVS PASS-THROUGH TRUST</name>
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        <name>YPF SOCIEDAD ANONIMA</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
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        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
        <cusip>404280BP3</cusip>
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        <curCd>USD</curCd>
        <valUSD>1182940.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
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          <isin value="US06738EAP07"/>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>REPUBLIC OF ARGENTINA</name>
        <lei>549300KPBYGYF7HCHO27</lei>
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        <invCountry>AR</invCountry>
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      <invstOrSec>
        <name>INTESA SANPAOLO SPA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA</title>
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          <isin value="US46115HAT41"/>
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        <invCountry>IT</invCountry>
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          <maturityDt>2024-06-26</maturityDt>
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      <invstOrSec>
        <name>INDONESIA GOVERNMENT</name>
        <lei>529900FWX0GRR7WG5W79</lei>
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          <isin value="IDG000010000"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
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          <maturityDt>2022-05-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AIR 2 US</name>
        <lei>549300METKFLL2O2VN62</lei>
        <title>Air 2 US</title>
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          <isin value="US00922KAA88"/>
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          <maturityDt>2019-10-01</maturityDt>
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      <invstOrSec>
        <name>WPX ENERGY INC</name>
        <lei>ZXZE9GCS2BB547GJW219</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-08-01</maturityDt>
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      <invstOrSec>
        <name>WILLIAMS COS INC</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos Inc/The</title>
        <cusip>969457BM1</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-03-15</maturityDt>
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      <invstOrSec>
        <name>CORECIVIC INC</name>
        <lei>529900JFA3K6PTLT8B15</lei>
        <title>CoreCivic Inc</title>
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        <name>INTL LEASE FINANCE CORP</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Origen Manufactured Housing</name>
        <lei>549300IF0XI4ZS5JC782</lei>
        <title>Origen Manufactured Housing Contract Trust 2006-A</title>
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          <maturityDt>2037-10-15</maturityDt>
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        <name>UBS GROUP FUNDING SWITZE</name>
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        <title>UBS Group Funding Switzerland AG</title>
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        <invCountry>CH</invCountry>
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        <name>DELOS FINANCE SARL</name>
        <lei>549300HX549YWOJQT076</lei>
        <title>Delos Finance Sarl</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

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        <name>MEG ENERGY CORP</name>
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        <name>SAGA PLC</name>
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        <title>Saga PLC</title>
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        <name>ANGLO AMERICAN CAPITAL</name>
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        <title>Anglo American Capital PLC</title>
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        <invCountry>GB</invCountry>

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        <name>DELL INTERNATIONAL LLC</name>
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        <title>Dell International LLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>DAVITA INC</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DaVita Inc</title>
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        <valUSD>213937.50000000</valUSD>
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      <invstOrSec>
        <name>Countrywide Asset-Backed Certi</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>ALTICE LUXEMBOURG SA</name>
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        <invCountry>LU</invCountry>
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      <invstOrSec>
        <name>CELGENE CORP</name>
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      <invstOrSec>
        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912828W71</cusip>
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        <name>GLOBAL AIR LEASE CO LTD</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>
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          <maturityDt>2024-09-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>ECOPETROL SA</name>
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        <title>Ecopetrol SA</title>
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        <curCd>USD</curCd>
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        <invCountry>CO</invCountry>
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        <name>CREDIT AGRICOLE SA</name>
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        <invCountry>FR</invCountry>
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          <maturityDt>N/A</maturityDt>
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        <name>Origen Manufactured Housing</name>
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        <name>US TREASURY N/B</name>
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        <title>United States Treasury Note/Bond</title>
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        <name>FirstFed Corp Manufactured Hou</name>
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        <name>SANTANDER UK PLC</name>
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        <name>NEW COMMON SHARES PANDA</name>
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        <name>BARCLAYS PLC</name>
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        <title>Barclays PLC</title>
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        <name>GENERAL MOTORS FINL CO</name>
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        <title>General Motors Financial Co Inc</title>
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        <name>TIME WARNER CABLE LLC</name>
        <lei>549300U5NFR7S6E3GM41</lei>
        <title>Time Warner Cable LLC</title>
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      <invstOrSec>
        <name>BOEING CO</name>
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          <maturityDt>2021-05-13</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>TRANSPORT DE GAS DEL SUR</name>
        <lei>5299002TRC7IFQYSW596</lei>
        <title>Transportadora de Gas del Sur SA</title>
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          <isin value="US893870AX30"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
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          <maturityDt>2025-05-02</maturityDt>
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        <name>CARRIAGE SERVICES INC</name>
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        <name>NGPL PIPECO LLC</name>
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        <name>MARSTONS ISSUER PLC</name>
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        <name>NETFLIX INC</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix Inc</title>
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        <name>CHESAPEAKE ENERGY CORP</name>
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        <name>BROADCOM CRP / CAYMN FI</name>
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        <name>Banc of America Funding Corpor</name>
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        <name>TELEFONICA EMISIONES SAU</name>
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        <title>Telefonica Emisiones SA</title>
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      <invstOrSec>
        <name>NATWEST MARKETS NV</name>
        <lei>X3CZP3CK64YBHON1LE12</lei>
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        <cusip>00077TAA2</cusip>
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          <isin value="US00077TAA25"/>
          <other otherDesc="Sedol" value="2613150"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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          <maturityDt>N/A</maturityDt>
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      <invstOrSec>
        <name>REPUBLIC OF ARGENTINA</name>
        <lei>549300KPBYGYF7HCHO27</lei>
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          <isin value="US040114HK99"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>AR</invCountry>
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        <debtSec>
          <maturityDt>2022-01-26</maturityDt>
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      <invstOrSec>
        <name>INDONESIA GOVERNMENT</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Indonesia Treasury Bond</title>
        <cusip>000000000</cusip>
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          <isin value="IDG000009101"/>
          <other otherDesc="Sedol" value="B44K553"/>
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        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Contimortgage Home Equity Loan</name>
        <lei>N/A</lei>
        <title>ContiMortgage Home Equity Loan Trust 1997-4</title>
        <cusip>21075WGB5</cusip>
        <identifiers>
          <isin value="US21075WGB54"/>
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        <balance>18060.52000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79096.39000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.33000000</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>BAUSCH HEALTH COS INC</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc</title>
        <cusip>91831AAC5</cusip>
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          <isin value="US91831AAC53"/>
          <other otherDesc="Sedol" value="BWD21S1"/>
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        <balance>1490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1547737.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANADARKO FINANCE CO</name>
        <lei>N/A</lei>
        <title>Anadarko Finance Co</title>
        <cusip>032479AD9</cusip>
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          <isin value="US032479AD91"/>
          <other otherDesc="Sedol" value="2798938"/>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>741931.58000000</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>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>PROVINCIA DE BUENOS AIRE</name>
        <lei>549300L6AYROPOTQ4L07</lei>
        <title>Provincia de Buenos Aires/Government Bonds</title>
        <cusip>11943AAD6</cusip>
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          <isin value="XS1244682057"/>
          <other otherDesc="Sedol" value="BYZPK29"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>168100.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.95000000</annualizedRt>
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      <invstOrSec>
        <name>BOEING CO</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co/The</title>
        <cusip>097023AU9</cusip>
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          <isin value="US097023AU94"/>
          <other otherDesc="Sedol" value="2341116"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>800434.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</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>VODAFONE GROUP PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group PLC</title>
        <cusip>92857WBK5</cusip>
        <identifiers>
          <isin value="US92857WBK53"/>
          <other otherDesc="Sedol" value="BYWFV85"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>552713.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <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>LENNAR CORP</name>
        <lei>529900G61XVRLX5TJX09</lei>
        <title>Lennar Corp</title>
        <cusip>526057CD4</cusip>
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          <isin value="US526057CD41"/>
          <other otherDesc="SEDOL" value="BFFY830"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>269375.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967GT2</cusip>
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          <isin value="US172967GT25"/>
          <other otherDesc="Sedol" value="B93PQJ5"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>518676.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>REYNOLDS AMERICAN INC</name>
        <lei>02S2RPPVO9RP4NEU2740</lei>
        <title>Reynolds American Inc</title>
        <cusip>761713BB1</cusip>
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          <isin value="US761713BB19"/>
          <other otherDesc="Sedol" value="BZ0HGQ3"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>288145.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <name>DISH NETWORK CORP</name>
        <lei>529900U350CWHH15G169</lei>
        <title>DISH Network Corp</title>
        <cusip>25470MAD1</cusip>
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          <other otherDesc="SEDOL" value="BFMNDT1"/>
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        <balance>1375000.00000000</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>
        <debtSec>
          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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          <isContngtConvrtbl>N</isContngtConvrtbl>
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              <title>DISH Network Corp</title>
              <curCd>USD</curCd>
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                <isin value="US25470M1099"/>
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      <invstOrSec>
        <name>CONTL AIRLINES 2001-1</name>
        <lei>N/A</lei>
        <title>Continental Airlines 2001-1 Class A-1 Pass Through Trust</title>
        <cusip>210805DH7</cusip>
        <identifiers>
          <isin value="US210805DH75"/>
          <other otherDesc="Sedol" value="2974170"/>
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        <balance>70058.97000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74745.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70300000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TARGA RESOURCES PARTNERS</name>
        <lei>N/A</lei>
        <title>Targa Resources Partners LP / Targa Resources Partners Finance Corp</title>
        <cusip>87612BBG6</cusip>
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          <isin value="US87612BBG68"/>
          <other otherDesc="Sedol" value="BFZRLM9"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>527176.00000000</valUSD>
        <pctVal>0.306993050488</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MPT OPER PARTNERSP/FINL</name>
        <lei>N/A</lei>
        <title>MPT Operating Partnership LP / MPT Finance Corp</title>
        <cusip>55342UAF1</cusip>
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          <isin value="US55342UAF12"/>
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        <name>KRAFT HEINZ FOODS CO</name>
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        <name>BARCLAYS BANK PLC</name>
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        <name>UNITED RENTALS NORTH AM</name>
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        <name>APACHE CORP</name>
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        <name>NOTA DO TESOURO NACIONAL</name>
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        <name>Prime Mortgage Trust</name>
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        <name>BARCLAYS BANK PLC</name>
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      <invstOrSec>
        <name>RANGE RESOURCES CORP</name>
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      <invstOrSec>
        <name>CVS PASS-THROUGH TRUST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>PETSMART INC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>PCI GAMING AUTHORITY</name>
        <lei>549300KPXAJ1LRW5LP59</lei>
        <title>PCI Gaming Authority</title>
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          <isin value="US70455DAG97"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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          <maturityDt>2026-05-31</maturityDt>
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        <name>REPUBLICA ORIENT URUGUAY</name>
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        <invCountry>UY</invCountry>
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        <name>KAZMUNAYGAS NATIONAL CO</name>
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        <name>METLIFE INC</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc</title>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2039-08-01</maturityDt>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
        <cusip>404280BL2</cusip>
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          <isin value="US404280BL25"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>412016.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>ALLY FINANCIAL INC</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>Ally Financial Inc</title>
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        <valUSD>288680.58000000</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>2020-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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        <name>SUZANO AUSTRIA GMBH</name>
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        <title>Suzano Austria GmbH</title>
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        <invCountry>BR</invCountry>
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        <name>ALLERGAN FUNDING SCS</name>
        <lei>222100FLFVOSKCBCAR54</lei>
        <title>Allergan Funding SCS</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

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        <name>ARDAGH PKG FIN/HLDGS USA</name>
        <lei>N/A</lei>
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        <invCountry>IE</invCountry>
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        <name>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group PLC</title>
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        <invCountry>GB</invCountry>
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        <name>BOEING CO</name>
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        <title>Boeing Co/The</title>
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        <invCountry>US</invCountry>
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        <name>OASIS PETROLEUM INC</name>
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        <title>Oasis Petroleum Inc</title>
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        <name>UNITED RENTALS NORTH AM</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America Inc</title>
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        <name>FINCO I LLC</name>
        <lei>5493001RSEZ0X6VJMC68</lei>
        <title>FinCo I LLC</title>
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        <valUSD>753164.25000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-27</maturityDt>
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      <invstOrSec>
        <name>BLUE RACER MID LLC/FINAN</name>
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      <invstOrSec>
        <name>MPT OPER PARTNERSP/FINL</name>
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        <name>FIRST QUANTUM MINERALS L</name>
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        <name>ALTICE LUXEMBOURG SA</name>
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        <name>US TREASURY N/B</name>
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        <name>WILLIAMS COMPANIES INC</name>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <name>BARCLAYS BANK PLC</name>
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        <name>CONTINENTAL RESOURCES</name>
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        <name>BBVA BANCOMER SA TEXAS</name>
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        <name>ALTRIA GROUP INC</name>
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        <title>Altria Group Inc</title>
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        <name>CSC HOLDINGS LLC</name>
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        <name>VIKING CRUISES LTD</name>
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        <title>Viking Cruises Ltd</title>
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        <name>GENERAL MOTORS CO</name>
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        <title>General Motors Co</title>
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        <name>AAA Trust</name>
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      </invstOrSec>
      <invstOrSec>
        <name>MEX BONOS DESARR FIX RT</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexican Bonos</title>
        <cusip>000000000</cusip>
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          <isin value="MX0MGO0000Q0"/>
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        <balance>7990000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-09</maturityDt>
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      <invstOrSec>
        <name>CCO HLDGS LLC/CAP CORP</name>
        <lei>N/A</lei>
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          <isin value="US1248EPBT92"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-05-01</maturityDt>
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      <invstOrSec>
        <name>ALTICE FRANCE SA</name>
        <lei>5493001ZMCICV4N02J21</lei>
        <title>Altice France SA/France</title>
        <cusip>67054KAA7</cusip>
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          <isin value="US67054KAA79"/>
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        <balance>500000.00000000</balance>
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        <valUSD>537355.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AHOLD LEASE SERIES 2001-</name>
        <lei>N/A</lei>
        <title>AHOLD LEASE SERIES 2001-A-2 PASS THROUGH TRUST</title>
        <cusip>00868PAA3</cusip>
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          <isin value="US00868PAA30"/>
          <other otherDesc="SEDOL" value="B0136F4"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2025-01-02</maturityDt>
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      <invstOrSec>
        <name>CVS PASS-THROUGH TRUST</name>
        <lei>N/A</lei>
        <title>CVS Pass-Through Trust</title>
        <cusip>126650BC3</cusip>
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          <isin value="US126650BC35"/>
          <other otherDesc="Sedol" value="BD5MF62"/>
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        <curCd>USD</curCd>
        <valUSD>367877.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.88000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPRINT CAPITAL CORP</name>
        <lei>549300L17W0GQBR1PO80</lei>
        <title>Sprint Capital Corp</title>
        <cusip>852060AD4</cusip>
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          <isin value="US852060AD48"/>
          <other otherDesc="Sedol" value="2327354"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>458934.00000000</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>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TARGA RESOURCES PARTNERS</name>
        <lei>N/A</lei>
        <title>Targa Resources Partners LP / Targa Resources Partners Finance Corp</title>
        <cusip>87612BBM3</cusip>
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          <isin value="US87612BBM37"/>
          <other otherDesc="Sedol" value="BHQXR00"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>339471.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRASKEM FINANCE LTD</name>
        <lei>254900HEUOOGBXNXZM03</lei>
        <title>Braskem Finance Ltd</title>
        <cusip>10553YAE5</cusip>
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          <isin value="US10553YAE59"/>
          <other otherDesc="Sedol" value="B7GLZ88"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>242506.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>VERIZON COMMUNICATIONS</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications Inc</title>
        <cusip>92343VBR4</cusip>
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          <isin value="US92343VBR42"/>
          <other otherDesc="Sedol" value="BDV0KV0"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>649345.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Structured Asset Securities Co</name>
        <lei>N/A</lei>
        <title>Structured Asset Securities Corp Mortgage Pass-Through Ctfs Ser 2003-9A</title>
        <cusip>86359ARF2</cusip>
        <identifiers>
          <isin value="US86359ARF20"/>
          <other otherDesc="Sedol" value="B0CC058"/>
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        <balance>61769.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63139.79000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.17106400</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CREDIT SUISSE GROUP AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>Credit Suisse Group AG</title>
        <cusip>225401AK4</cusip>
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          <isin value="US225401AK46"/>
          <other otherDesc="Sedol" value="BGLRLX1"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1445654.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Capital Inc</name>
        <lei>N/A</lei>
        <title>Morgan Stanley ABS Capital I Inc Trust Series 2003-SD1</title>
        <cusip>61746RCE9</cusip>
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          <isin value="US61746RCE99"/>
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        <balance>8950.52000000</balance>
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          <maturityDt>2033-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.01838000</annualizedRt>
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      <invstOrSec>
        <name>Indymac Manufactured Housing C</name>
        <lei>N/A</lei>
        <title>Indymac Manufactured Housing Contract Pass-Through Certificates Series 1997-1</title>
        <cusip>22540ABE7</cusip>
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          <isin value="US22540ABE73"/>
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        <balance>39668.37000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40199.16000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-02-25</maturityDt>
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          <annualizedRt>6.97000000</annualizedRt>
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      <invstOrSec>
        <name>SILVERSEA CRUISE FINANCE</name>
        <lei>N/A</lei>
        <title>Silversea Cruise Finance Ltd</title>
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        <balance>348000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2004-10</title>
        <cusip>81744FET0</cusip>
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          <isin value="US81744FET03"/>
          <other otherDesc="SEDOL" value="B03NHX7"/>
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        <balance>8093.18000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8194.33000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.66425000</annualizedRt>
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      <invstOrSec>
        <name>REPUBLIC OF INDONESIA</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Indonesia Government International Bond</title>
        <cusip>455780CA2</cusip>
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          <isin value="US455780CA24"/>
          <other otherDesc="Sedol" value="BF41X15"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>740568.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARTY CITY HOLDINGS INC</name>
        <lei>5493005PYM1JS6EZN307</lei>
        <title>Party City Holdings Inc</title>
        <cusip>702150AD5</cusip>
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      <invstOrSec>
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        <name>UNICREDIT SPA</name>
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        <name>SEAGATE HDD CAYMAN</name>
        <lei>529900BD50TRWEG1SF63</lei>
        <title>Seagate HDD Cayman</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>

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      <invstOrSec>
        <name>CCO HLDGS LLC/CAP CORP</name>
        <lei>N/A</lei>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WINDSTREAM SRVC / FIN</name>
        <lei>N/A</lei>
        <title>Windstream Services LLC / Windstream Finance Corp</title>
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          <isin value="US97381LAE83"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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      <invstOrSec>
        <name>Bear Stearns Alt-A Trust</name>
        <lei>N/A</lei>
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          <isin value="US07386HGG02"/>
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        <curCd>USD</curCd>
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          <maturityDt>2034-04-25</maturityDt>
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      <invstOrSec>
        <name>TEVA PHARMACEUT FIN BV</name>
        <lei>549300Q840R30TDKVK53</lei>
        <title>Teva Pharmaceutical Finance Co BV</title>
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          <isin value="US88165FAF99"/>
          <other otherDesc="Sedol" value="B4MCGL4"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>167175.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>ADIENT US LLC</name>
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        <title>Adient US LLC</title>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>OASIS PETROLEUM INC</name>
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        <title>Oasis Petroleum Inc</title>
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        <valUSD>140625.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Impac CMB Trust</name>
        <lei>N/A</lei>
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        <name>DAIMLER FINANCE NA LLC</name>
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        <title>Daimler Finance North America LLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <name>WILLIAMS COMPANIES INC</name>
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        <title>Williams Cos Inc/The</title>
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        <name>CONTINENTAL RESOURCES</name>
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        <name>STANDARD INDUSTRIES INC</name>
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        <title>Standard Industries Inc/NJ</title>
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        <name>COMCAST CORP</name>
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        <title>Comcast Corp</title>
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        <name>HarborView Mortgage Loan Trust</name>
        <lei>N/A</lei>
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          <maturityDt>2035-01-19</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>TRANSCONT GAS PIPE LINE</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>TWDC ENTERPRISES 18 CORP</name>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO LLC</name>
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      <invstOrSec>
        <name>UPCB FINANCE IV LTD</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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      <invstOrSec>
        <name>MAGELLAN HEALTH SRVCS</name>
        <lei>N/A</lei>
        <title>Magellan Health Inc</title>
        <cusip>559079AK4</cusip>
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          <isin value="US559079AK49"/>
          <other otherDesc="Sedol" value="BYZ98C7"/>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>570712.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2003-2</title>
        <cusip>81743PAQ9</cusip>
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          <isin value="US81743PAQ90"/>
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        <balance>9010.72000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9074.50000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.23150000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>OCCIDENTAL PETROLEUM COR</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp</title>
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          <isin value="US674599CS21"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1268781.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>PETROBRAS GLOBAL FINANCE</name>
        <lei>549300FNENFFSMO3GT38</lei>
        <title>Petrobras Global Finance BV</title>
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          <other otherDesc="Sedol" value="BFD2PX5"/>
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        <valUSD>1629360.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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      <invstOrSec>
        <name>EOG RESOURCES INC</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
        <title>EOG Resources Inc</title>
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          <other otherDesc="Sedol" value="BVYPFH9"/>
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      <invstOrSec>
        <name>SALLY HOLDINGS/SALLY CAP</name>
        <lei>N/A</lei>
        <title>Sally Holdings LLC / Sally Capital Inc</title>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
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        <name>INTESA SANPAOLO SPA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA</title>
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          <isin value="US46115HAW79"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ORANGE SA</name>
        <lei>969500MCOONR8990S771</lei>
        <title>Orange SA</title>
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          <other otherDesc="Sedol" value="7310155"/>
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        <valUSD>934986.32000000</valUSD>
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        <invCountry>FR</invCountry>
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        <name>ALCOA NEDERLAND HOLDING</name>
        <lei>5493000UL1QLQLT1VQ42</lei>
        <title>Alcoa Nederland Holding BV</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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        <name>TEVA PHARMACEUTICALS NE</name>
        <lei>5493004T21MOAFINJP35</lei>
        <title>Teva Pharmaceutical Finance Netherlands III BV</title>
        <cusip>88167AAC5</cusip>
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          <other otherDesc="Sedol" value="BYYRQT5"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>229687.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2021-07-21</maturityDt>
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          <annualizedRt>2.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ANHEUSER-BUSCH CO/INBEV</name>
        <lei>N/A</lei>
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        <cusip>03522AAH3</cusip>
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          <isin value="US03522AAH32"/>
          <other otherDesc="Sedol" value="BK5XW52"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>624722.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CHARTER COMM OPT LLC/CAP</name>
        <lei>N/A</lei>
        <title>Charter Communications Operating LLC / Charter Communications Operating Capital</title>
        <cusip>161175BK9</cusip>
        <identifiers>
          <isin value="US161175BK95"/>
          <other otherDesc="Sedol" value="BFFFBV2"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1052574.43000000</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>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</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>OCCIDENTAL PETROLEUM COR</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp</title>
        <cusip>674599DC6</cusip>
        <identifiers>
          <isin value="US674599DC69"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>846506.41000000</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>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</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>US RENAL CARE INC</name>
        <lei>N/A</lei>
        <title>US Renal Care Inc</title>
        <cusip>90290PAN4</cusip>
        <identifiers>
          <isin value="US90290PAN42"/>
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        <balance>330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>313774.89000000</valUSD>
        <pctVal>0.182722109215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-14</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.12410000</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>TEVA PHARMACEUTICALS NE</name>
        <lei>5493004T21MOAFINJP35</lei>
        <title>Teva Pharmaceutical Finance Netherlands III BV</title>
        <cusip>88167AAD3</cusip>
        <identifiers>
          <isin value="US88167AAD37"/>
          <other otherDesc="Sedol" value="BD9F761"/>
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        <balance>726000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>588060.00000000</valUSD>
        <pctVal>0.342447936306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</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>
      <invstOrSec>
        <name>IHS MARKIT LTD</name>
        <lei>549300HLPTRASHS0E726</lei>
        <title>IHS Markit Ltd</title>
        <cusip>44962LAA5</cusip>
        <identifiers>
          <isin value="US44962LAA52"/>
          <other otherDesc="Sedol" value="BDG22W6"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1066543.01000000</valUSD>
        <pctVal>0.621085353120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KINDER MORGAN INC/DELAWA</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan Inc/DE</title>
        <cusip>28368EAE6</cusip>
        <identifiers>
          <isin value="US28368EAE68"/>
          <other otherDesc="Sedol" value="2836399"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>261765.97000000</valUSD>
        <pctVal>0.152435493353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHARTER COMMUNICATIONS OPER</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>Charter Communications Operating LLC</title>
        <cusip>16117LBS7</cusip>
        <identifiers>
          <isin value="US16117LBS79"/>
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        <balance>3060069.28930000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3081801.90000000</valUSD>
        <pctVal>1.794641194366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.13460000</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>TEVA PHARM FIN IV BV</name>
        <lei>549300P1YOE2RRPSGG38</lei>
        <title>Teva Pharmaceutical Finance IV BV</title>
        <cusip>88166JAA1</cusip>
        <identifiers>
          <isin value="US88166JAA16"/>
          <other otherDesc="Sedol" value="B41H706"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129675.00000000</valUSD>
        <pctVal>0.075514294698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</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>AMERICAN AXLE &amp; MFG INC</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
        <title>American Axle &amp; Manufacturing Inc</title>
        <cusip>02406PAU4</cusip>
        <identifiers>
          <isin value="US02406PAU49"/>
          <other otherDesc="Sedol" value="BDZVHM9"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>382500.00000000</valUSD>
        <pctVal>0.222743148041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</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>
        <name>REPUBLIC OF INDONESIA</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Indonesia Government International Bond</title>
        <cusip>455780BT2</cusip>
        <identifiers>
          <isin value="US455780BT24"/>
          <other otherDesc="Sedol" value="BVB2QV4"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>319977.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</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>CSC HOLDINGS LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC Holdings LLC</title>
        <cusip>126307AZ0</cusip>
        <identifiers>
          <isin value="US126307AZ02"/>
          <other otherDesc="Sedol" value="BJ555Z2"/>
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        <balance>560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>623476.00000000</valUSD>
        <pctVal>0.363071913642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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>CVS PASS-THROUGH TRUST</name>
        <lei>N/A</lei>
        <title>CVS Pass-Through Trust</title>
        <cusip>126650AQ3</cusip>
        <identifiers>
          <isin value="US126650AQ30"/>
          <other otherDesc="Sedol" value="B1FSD84"/>
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        <balance>286893.19000000</balance>
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        <curCd>USD</curCd>
        <valUSD>309529.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.78900000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALLIED UNIVERSAL</name>
        <lei>N/A</lei>
        <title>Allied Universal Holdco LLC / Allied Universal Finance Corp</title>
        <cusip>019576AA5</cusip>
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          <isin value="US019576AA51"/>
          <other otherDesc="Sedol" value="BJYCQ73"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>476437.50000000</valUSD>
        <pctVal>0.277446244692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUMANA INC</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>Humana Inc</title>
        <cusip>444859BF8</cusip>
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          <isin value="US444859BF87"/>
          <other otherDesc="Sedol" value="BYZKXV4"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>743578.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>DEUTSCHE BANK SECURITIES INC.</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="RP792513"/>
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        <balance>-1488750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1488750.00000000</valUSD>
        <pctVal>-0.86695127227</pctVal>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="9J6MBOOO7BECTDTUZW19" name="DEUTSCHE BANK SECURITIES INC."/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>2.44000000</repurchaseRt>
          <maturityDt>2019-10-08</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1500000.00000000</principalAmt>
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              <collateralVal>1536474.62000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
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        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PETROBRAS GLOBAL FINANCE</name>
        <lei>549300FNENFFSMO3GT38</lei>
        <title>Petrobras Global Finance BV</title>
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        <isRestrictedSec>N</isRestrictedSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALCOA NEDERLAND HOLDING</name>
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        <curCd>USD</curCd>
        <valUSD>316125.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Countrywide Home Loans</name>
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        <name>RANGE RESOURCES CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>CHESAPEAKE ENERGY CORP</name>
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          <other otherDesc="Sedol" value="B9J8494"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>299200.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAM GOVERNMENT CASH MANAGEMENT PORTFOLIO</name>
        <lei>N/A</lei>
        <title>WAM GOVERNMENT CASH MANAGEMENT PORTFOLIO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="931JAX999"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
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        <securityLending>
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      <invstOrSec>
        <name>PAMPA ENERGIA SA</name>
        <lei>254900QNIK0CVURGML24</lei>
        <title>Pampa Energia SA</title>
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          <isin value="USP7873PAE62"/>
          <other otherDesc="Sedol" value="BD03797"/>
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        <balance>870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>711660.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <isDefault>N</isDefault>
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      </invstOrSec>
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        <name>WESTERN MIDSTREAM OPERAT</name>
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          <isin value="US958254AD64"/>
          <other otherDesc="Sedol" value="BKRV265"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Oakwood Mortgage Investors Inc</name>
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          <isin value="US67087TDP30"/>
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        <balance>75510.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79973.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.06000000</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2019-11-13</ncom:dateSigned>
      <ncom:nameOfApplicant>Western Asset Premier Bond Fund</ncom:nameOfApplicant>
      <ncom:signature>Richard F. Sennett</ncom:signature>
      <ncom:signerName>Richard F. Sennett</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
