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        <name>Ensemble Health Partners</name>
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        <name>UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAP LLC</name>
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        <name>WHITE CAP SUPPLY HOLDINGS LLC</name>
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        <name>CITIBANK NA</name>
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        <name>DISH DBS CORP</name>
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        <name>DISCOVERY GLOBAL HOLDINGS INC</name>
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        <name>ALLY FINANCIAL INC</name>
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        <name>CENTRAL PARENT LLC / CDK GLOBAL II LLC / CDK FINANCING CO</name>
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        <name>ADIENT GLOBAL HOLDINGS LTD</name>
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        <name>WYNN RESORTS FINANCE LLC</name>
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        <name>NABORS INDUSTRIES INC</name>
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        <name>PG&amp;E CORP</name>
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        <name>LAMAR MEDIA CORP (DELAWARE)</name>
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        <name>INEOS QUATTRO FINANCE 2 PLC</name>
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        <name>VERDE PURCHASER LLC</name>
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        <name>IRON MOUNTAIN INC (REIT)</name>
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        <name>JH NORTH AMERICA HOLDINGS INC</name>
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        <name>MINERAL RESOURCES LTD</name>
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        <name>CORE SCIENTIFIC FINANCE I LLC</name>
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        <name>HAWAIIAN ELECTRIC COMPANY INC</name>
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        <name>NEWELL BRANDS INC</name>
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        <name>ANTARES HOLDINGS LP</name>
        <lei>5493008EAIGV4283RM42</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Columbus McKinno 02/03/33</name>
        <lei>549300W3HQB0HO1F3G69</lei>
        <title>Columbus McKinno 02/03/33</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CARRIAGE SERVICES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN AXLE &amp; MANUFACTURING INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CACI INTERNATIONAL INC</name>
        <lei>SYRPI2D1O9WRTS2WX210</lei>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
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        <name>XHR LP</name>
        <lei>549300M88BPT83ZL2164</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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        <name>GROUP 1 AUTOMOTIVE INC</name>
        <lei>549300US8QAZJLWYAF63</lei>
        <title>GPI 4 08/15/28 144A</title>
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        <balance>190000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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      <invstOrSec>
        <name>MAGNERA CORP</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>MAGN 7.25 11/15/31 144A</title>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>374514.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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        <name>MINERAL RESOURCES LTD</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINAU 7 04/01/31 144A</title>
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        <balance>635000.00000000</balance>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
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        <name>NCL CORP LTD</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MPT OPERATING PARTNERSHIP LP</name>
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        <title>MPW 8.5 02/15/32 144a</title>
        <cusip>55342UAQ7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>FREEDOM MORTGAGE HOLDINGS LLC</name>
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        <title>FREMOR 9.25 02/01/29 144A</title>
        <cusip>35641AAA6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>DISH NETWORK CORP</name>
        <lei>529900U350CWHH15G169</lei>
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        <name>VZ SECURED FINANCING BV</name>
        <lei>549300MG611MYCOWY949</lei>
        <title>ZIGGO 5 01/15/32 144a</title>
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        <name>COREWEAVE INC</name>
        <lei>984500511DP2B6186053</lei>
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        <name>UNITI SERVICES LLC</name>
        <lei>549300KT9GVEBYCD2N29</lei>
        <title>UNIT 7.5 10/15/33 144A</title>
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        <balance>770000.00000000</balance>
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        <name>GRAY MEDIA INC</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GTN 7.25 08/15/33 144A</title>
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        <balance>275000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2033-08-15</maturityDt>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HILCORP ENERGY I LP / HILCORP FINANCE CO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wash Bidco Inc</name>
        <lei>254900VX9ZQVIOW7QI08</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EDGEWELL PERSONAL CARE COMPANY</name>
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        <title>EPC 4.125 04/01/29 144A</title>
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          <isin value="US28035QAB86"/>
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        <fairValLevel>2</fairValLevel>
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        <name>AZORRA FINANCE LTD</name>
        <lei>254900MC1HXDAVUUP395</lei>
        <title>AZORRA 7.75 04/15/30 144A</title>
        <cusip>05480AAA3</cusip>
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          <isin value="US05480AAA34"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326319.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>COMMERCIAL METALS COMPANY</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>CMC 6 12/15/35 144A</title>
        <cusip>201723AV5</cusip>
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          <isin value="US201723AV52"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>CENTRAL PARENT LLC / CENTRAL MERGER SUB INC</name>
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        <title>CDK 7.25 06/15/29 144A</title>
        <cusip>15477CAA3</cusip>
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          <isin value="US15477CAA36"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76400.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>DELUXE CORP</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>DLX 8.125 09/15/29 144A</title>
        <cusip>248019AW1</cusip>
        <identifiers>
          <isin value="US248019AW14"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>349348.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>IEP 4.375 02/01/29</title>
        <cusip>451102CC9</cusip>
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          <isin value="US451102CC97"/>
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        <balance>216000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>189340.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PARK RIVER HOLDINGS INC</name>
        <lei>254900PGY077KWCROT75</lei>
        <title>PRIMBP 8 03/15/31 144A</title>
        <cusip>70082LAC1</cusip>
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          <isin value="US70082LAC19"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>291591.52000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>HOWARD MIDSTREAM ENERGY PARTNERS LLC</name>
        <lei>N/A</lei>
        <title>HOWARD 7.375 07/15/32 144A</title>
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        <balance>290000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>UNIVISION COMMUNICATIONS INC</name>
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        <title>UVN 4.5 05/01/29 144A</title>
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        <name>MERIDIAN ARC HOLDCO LLC</name>
        <lei>N/A</lei>
        <title>MERIDI 6.25 04/30/31 144A</title>
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          <isin value="US58990CAA18"/>
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        <name>GOEASY LTD</name>
        <lei>5493009DJVZG2P8YV435</lei>
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        <name>OUTFRONT MEDIA CAPITAL LLC (CBS OUTDOOR AMERICAS CAPITAL LLC)</name>
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        <name>EDGEWELL PERSONAL CARE COMPANY</name>
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        <title>EPC 5.5 06/01/28 144A</title>
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        <name>MINERAL RESOURCES LTD</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINAU 9.25 10/01/28 144A</title>
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        <invCountry>AU</invCountry>
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        <name>INFINITY NATURAL RESOURCES LLC</name>
        <lei>54930021094IFVB5ND43</lei>
        <title>INFNAR 7.625 04/01/31 144A</title>
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        <name>Virgin Media Bristol LLC</name>
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        <name>MOSS CREEK RESOURCES HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BLOCK INC</name>
        <lei>549300OHIIUWSTIZME52</lei>
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        <cusip>852234AU7</cusip>
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          <isin value="US852234AU71"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>299421.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-15</maturityDt>
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      <invstOrSec>
        <name>JH NORTH AMERICA HOLDINGS INC</name>
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          <isin value="US46593WAA36"/>
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        <curCd>USD</curCd>
        <valUSD>129940.10000000</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>2031-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Windstream Services LLC / Windstream Escrow Finance Corp.</name>
        <lei>549300KT9GVEBYCD2N29</lei>
        <title>WIN 8.25 10/01/31 144A</title>
        <cusip>97381AAA0</cusip>
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          <isin value="US97381AAA07"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>343751.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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      <invstOrSec>
        <name>EMRLD BORROWER LP</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMECLI 6.75 07/15/31 144A</title>
        <cusip>26873CAB8</cusip>
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          <isin value="US26873CAB81"/>
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        <balance>189000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>195385.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>SERVICE PROPERTIES TRUST</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SVC 8.625 11/15/31 144A</title>
        <cusip>81761LAC6</cusip>
        <identifiers>
          <isin value="US81761LAC63"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215720.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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      <invstOrSec>
        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
        <lei>N/A</lei>
        <title>CHTR 4.5 08/15/30 144A</title>
        <cusip>1248EPCE1</cusip>
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          <isin value="US1248EPCE15"/>
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        <balance>1000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>932.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>XHR LP</name>
        <lei>549300M88BPT83ZL2164</lei>
        <title>XHR 6.625 05/15/30 144A</title>
        <cusip>98372MAE5</cusip>
        <identifiers>
          <isin value="US98372MAE57"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>158596.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SV RNO PROPERTY OWNER 1 LLC</name>
        <lei>N/A</lei>
        <title>TRACTC 5.875 03/01/31 144A</title>
        <cusip>78488XAA2</cusip>
        <identifiers>
          <isin value="US78488XAA28"/>
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        <balance>405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>397365.22000000</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>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EDISON INTERNATIONAL</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>EIX V8.125 06/15/53</title>
        <cusip>281020AX5</cusip>
        <identifiers>
          <isin value="US281020AX52"/>
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        <balance>465000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>477058.85000000</valUSD>
        <pctVal>0.422988254041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
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      <invstOrSec>
        <name>HILCORP ENERGY I LP / HILCORP FINANCE CO</name>
        <lei>N/A</lei>
        <title>HILCRP 7.25 02/15/35 144A</title>
        <cusip>431318BG8</cusip>
        <identifiers>
          <isin value="US431318BG88"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>346762.81000000</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>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>MICHAELS COMPANIES INC (THE)</name>
        <lei>549300H9LWMBP7HYLR98</lei>
        <title>MIK 8.5 03/15/33 144A</title>
        <cusip>59408QAB2</cusip>
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          <isin value="US59408QAB23"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>325891.47000000</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>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <name>KODIAK GAS SERVICES LLC</name>
        <lei>549300ZQBRWEUOVOM131</lei>
        <title>KGS 6.5 10/01/33 144A</title>
        <cusip>50012LAD6</cusip>
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          <isin value="US50012LAD64"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>383588.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
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        <name>XPLR INFRASTRUCTURE OPERATING PARTNERS LP</name>
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        <title>XIFR 7.75 04/15/34 144A</title>
        <cusip>98379YAA0</cusip>
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          <isin value="US98379YAA01"/>
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        <name>ORGANON &amp; COMPANY</name>
        <lei>549300AMCKY57OK2CO56</lei>
        <title>OGN 6.75 05/15/34 144A</title>
        <cusip>68622FAA9</cusip>
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          <isin value="US68622FAA93"/>
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        <name>LifePoint Health Inc</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>LIFEPOINT HEALTH 05/19/31</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MASTERBRAND INC</name>
        <lei>549300E0Y4BR5Z9RDZ64</lei>
        <title>MASBRA 7 07/15/32 144A</title>
        <cusip>57638PAA2</cusip>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>258587.11000000</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>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>GROUP 1 AUTOMOTIVE INC</name>
        <lei>549300US8QAZJLWYAF63</lei>
        <title>GPI 6.375 01/15/30 144A</title>
        <cusip>398905AQ2</cusip>
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        <balance>138000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140242.22000000</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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        <name>CHARIOT BUYER LLC</name>
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        <name>KOHL'S CORP</name>
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        <name>DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FINANCE CORP</name>
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        <name>Beach Acquisition Bidco LLC</name>
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        <name>RAVEN ACQUISITION HOLDINGS LLC</name>
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        <name>CELANESE US HOLDINGS LLC</name>
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        <name>MOOG INC</name>
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        <name>LCM INVESTMENTS HOLDINGS II LLC</name>
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        <name>HERC HOLDINGS INC</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HRI 7.25 06/15/33 144A</title>
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        <name>COLUMBUS MCKINNON CORP</name>
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        <name>SCIENTIFIC GAMES US FINCO INC</name>
        <lei>N/A</lei>
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        <name>PR RNO PROPERTY OWNER 1 LLC</name>
        <lei>N/A</lei>
        <title>TRACTD 6.5 05/01/31 144A</title>
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        <name>SM ENERGY COMPANY</name>
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        <name>Directv Financing LLC</name>
        <lei>N/A</lei>
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        <name>MACY'S RETAIL HOLDINGS LLC</name>
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        <name>1261229 B.C. LTD</name>
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      <invstOrSec>
        <name>ALLIED UNIVERSAL HOLDCO LLC / ALLIED UNIVERSAL FINANCE CORP</name>
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        <name>NESCO HOLDINGS II INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>THOR INDUSTRIES INC</name>
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        <name>HERENS HOLDCO SARL</name>
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        <name>WULF COMPUTE LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALPHA GENERATION LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SALLY HOLDINGS LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG ENERGY INC</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-15</maturityDt>
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        <name>CVS HEALTH CORP</name>
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        <title>CVS V6.75 12/10/54</title>
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        <name>BANCO MERCANTIL DEL NORTE SA CAYMAN ISLANDS BRANCH</name>
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          <maturityDt>N/A</maturityDt>
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        <name>ALTICE FINANCING SA</name>
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        <title>ALTICE 5 01/15/28 144A</title>
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        <invCountry>LU</invCountry>

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        <name>TRANSOCEAN INTERNATIONAL LTD</name>
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        <name>GLOBAL AUTO HOLDINGS LTD</name>
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        <name>COMMERCIAL METALS COMPANY</name>
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        <name>Raven Acquisition Holding LLC</name>
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        <title>RCM L 11/20/31 2</title>
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        <name>POST HOLDINGS INC</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST 6.5 03/15/36 144A</title>
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        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
        <lei>N/A</lei>
        <title>CHTR 4.25 02/01/31 144A</title>
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        <name>PARADIGM PARENT LLC</name>
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        <name>LSF12 HELIX PARENT LLC</name>
        <lei>254900H70V4IL22BHL88</lei>
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          <isin value="US548916AA33"/>
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        <fairValLevel>2</fairValLevel>
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        <name>PERENTI FINANCE PTY LTD</name>
        <lei>894500ZDIIAOXSQHE612</lei>
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          <isin value="US71367VAB53"/>
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        <name>PG&amp;E CORP</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PCG 5 07/01/28</title>
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        <name>IHEARTCOMMUNICATIONS INC</name>
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        <name>AVIS BUDGET CAR RENT LLC / AVIS BUDGET FINANCE INC</name>
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        <title>CAR 5.375 03/01/29 144A</title>
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        <name>Clarios Global LP</name>
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        <name>HERC HOLDINGS INC</name>
        <lei>549300TP80QLITMSBP82</lei>
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        <name>SLM CORP (SALLIE MAE)</name>
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        <name>KNIFE RIVER CORP</name>
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        <name>LCM INVESTMENTS HOLDINGS II LLC</name>
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        <name>ARKO CORP</name>
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        <name>BRINK'S COMPANY (THE)</name>
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        <name>NRG ENERGY INC</name>
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        <name>SURGERY CENTER HOLDINGS INC</name>
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        <name>TRANSOCEAN INTERNATIONAL LTD</name>
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        <name>ALPHA GENERATION LLC</name>
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        <name>BLACKROCK TREASURY TRUST</name>
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        <name>VENTURE GLOBAL LNG INC</name>
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        <name>CSC HOLDINGS LLC</name>
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        <name>TMS INTERNATIONAL CORP</name>
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        <name>CLARIOS GLOBAL LP / CLARIOS US FINANCE CO INC</name>
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        <title>POWSOL 6.75 09/15/32 144A</title>
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        <name>LITHIA MOTORS INC</name>
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        <name>S&amp;S HOLDINGS LLC</name>
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        <title>SSACTI 8.375 10/01/31 144A</title>
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        <name>ONEMAIN FINANCE CORP</name>
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        <title>OMF 7.5 05/15/31</title>
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        <name>CASCADES INC / CASCADES USA INC</name>
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        <name>LITHIA MOTORS INC</name>
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        <name>IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES INC</name>
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      <invstOrSec>
        <name>CASCADES INC / CASCADES USA INC</name>
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        <name>VICTORIA'S SECRET &amp; COMPANY</name>
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        <name>STAPLES INC</name>
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      <invstOrSec>
        <name>RAVEN ACQUISITION HOLDINGS LLC</name>
        <lei>N/A</lei>
        <title>RCM 6.875 11/15/31 144A</title>
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          <isin value="US75420NAA19"/>
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      <invstOrSec>
        <name>INEOS US Petrochem LLC</name>
        <lei>N/A</lei>
        <title>INEOS US PETROCH 04/02/29</title>
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        <name>NGPL PIPECO LLC</name>
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        <name>SWORD PURCHASER LLC</name>
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        <title>SEE 10.5 04/15/34 144A</title>
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        <name>VICTRA HOLDINGS LLC</name>
        <lei>549300KWDYQKQSF0MQ18</lei>
        <title>VICTRA 8.75 09/15/29 144A</title>
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        <name>BRINK'S COMPANY (THE)</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
        <title>BCO 6.5 06/15/29 144A</title>
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        <name>NEWELL BRANDS INC</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
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        <name>ACADIA HEALTHCARE COMPANY INC</name>
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        <name>MINERAL RESOURCES LTD</name>
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        <name>NORDSTROM INC</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>JWN 5 01/15/44</title>
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        <name>PENNYMAC FINANCIAL SERVICES INC</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PFSI 4.25 02/15/29 144A</title>
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        <name>KIOXIA HOLDINGS CORP</name>
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        <name>AMERITEX HOLDCO INTERMEDIATE LLC</name>
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        <name>INGRAM MICRO INC</name>
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        <name>PERFORMANCE FOOD GROUP COMPANY</name>
        <lei>549300EUK8GR9IT1YK57</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ONEMAIN FINANCE CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
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      <invstOrSec>
        <name>INEOS FINANCE PLC</name>
        <lei>2138002D68XDR4LZCG32</lei>
        <title>INEGRP 6.75 05/15/28 144A</title>
        <cusip>44984WAH0</cusip>
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          <isin value="US44984WAH07"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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      <invstOrSec>
        <name>PENN ENTERTAINMENT INC</name>
        <lei>N/A</lei>
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        <cusip>707569AV1</cusip>
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          <isin value="US707569AV14"/>
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        <balance>377000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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      <invstOrSec>
        <name>RAKUTEN GROUP INC</name>
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        <title>RAKUTN 9.75 04/15/29 144A</title>
        <cusip>75102WAK4</cusip>
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          <isin value="US75102WAK45"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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      <invstOrSec>
        <name>CDI ESCROW ISSUER INC</name>
        <lei>N/A</lei>
        <title>CHDN 5.75 04/01/30 144A</title>
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          <isin value="US12511VAA61"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>STAPLES INC</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>SPLS 12.75 01/15/30 144A</title>
        <cusip>855030AS1</cusip>
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          <isin value="US855030AS17"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97612.02000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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        <name>VALARIS LTD</name>
        <lei>5299008BQ9IREYWBTS30</lei>
        <title>VAL 8.375 04/30/30 144A</title>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MOLINA HEALTHCARE INC</name>
        <lei>549300NQQCEQ46YHZ591</lei>
        <title>MOH 6.5 02/15/31 144A</title>
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        <balance>395000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP</name>
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        <title>APU 9.375 06/01/28 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC/ARU FINANCE CORP</name>
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        <name>GOODYEAR TIRE &amp; RUBBER COMPANY</name>
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        <title>GT 6.625 07/15/30</title>
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        <name>NRG ENERGY INC</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 6 01/15/36 144A</title>
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        <name>AETHON UNITED BR LP / AETHON UNITED FINANCE CORP</name>
        <lei>5493007HPG2M9K9X5V41</lei>
        <title>AETUNI 7.5 10/01/29 144A</title>
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        <name>TURNING POINT BRANDS INC</name>
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        <title>TPB 7.625 03/15/32 144A</title>
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        <name>GLOBAL MEDICAL RESPONSE INC</name>
        <lei>549300ZFWD4ZFCEJCQ87</lei>
        <title>AIMEGR 7.375 10/01/32 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ARCHES BUYER INC</name>
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      <invstOrSec>
        <name>SCIH SALT HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>MORTON 4.875 05/01/28 144A</title>
        <cusip>78433BAA6</cusip>
        <identifiers>
          <isin value="US78433BAA61"/>
        </identifiers>
        <balance>8000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7921.64000000</valUSD>
        <pctVal>0.007023788936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLOUD SOFTWARE GROUP HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>TIBX 6.5 03/31/29 144A</title>
        <cusip>88632QAE3</cusip>
        <identifiers>
          <isin value="US88632QAE35"/>
        </identifiers>
        <balance>651000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>633850.05000000</valUSD>
        <pctVal>0.562008494284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEGEA FINANCE SARL</name>
        <lei>213800V6WTKUT1XWIZ47</lei>
        <title>AEGEBZ 6.75 05/20/29 144A</title>
        <cusip>00775CAB2</cusip>
        <identifiers>
          <isin value="US00775CAB28"/>
        </identifiers>
        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>163004.43000000</valUSD>
        <pctVal>0.144529253040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US FOODS INC</name>
        <lei>5493000JOOFAOUY1JZ87</lei>
        <title>USFOOD 4.625 06/01/30 144A</title>
        <cusip>90290MAE1</cusip>
        <identifiers>
          <isin value="US90290MAE12"/>
        </identifiers>
        <balance>568000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>555532.40000000</valUSD>
        <pctVal>0.492567489187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRON MOUNTAIN INC (REIT)</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 4.5 02/15/31 144A</title>
        <cusip>46284VAN1</cusip>
        <identifiers>
          <isin value="US46284VAN10"/>
        </identifiers>
        <balance>286000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>274838.94000000</valUSD>
        <pctVal>0.243688264819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIVISION COMMUNICATIONS INC</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UVN 9.375 08/01/32 144A</title>
        <cusip>914906BA9</cusip>
        <identifiers>
          <isin value="US914906BA95"/>
        </identifiers>
        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>113833.28000000</valUSD>
        <pctVal>0.100931238062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENET HEALTHCARE CORP</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>THC 6 11/15/33 144A</title>
        <cusip>88033GDV9</cusip>
        <identifiers>
          <isin value="US88033GDV95"/>
        </identifiers>
        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35375.87000000</valUSD>
        <pctVal>0.031366313582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLOUD SOFTWARE GROUP INC</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>TIBX 9 09/30/29 144A</title>
        <cusip>18912UAA0</cusip>
        <identifiers>
          <isin value="US18912UAA07"/>
        </identifiers>
        <balance>385000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>378025.78000000</valUSD>
        <pctVal>0.335179747037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOBLE FINANCE II LLC</name>
        <lei>N/A</lei>
        <title>NEFINA 8 04/15/30 144A</title>
        <cusip>65505PAA5</cusip>
        <identifiers>
          <isin value="US65505PAA57"/>
        </identifiers>
        <balance>445000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>462829.37000000</valUSD>
        <pctVal>0.410371565552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SESI LLC</name>
        <lei>XDZ56K6RXS5J1ESBZS35</lei>
        <title>SPN 7.875 09/30/30 144A</title>
        <cusip>78412FAX2</cusip>
        <identifiers>
          <isin value="US78412FAX24"/>
        </identifiers>
        <balance>725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>748666.18000000</valUSD>
        <pctVal>0.663811184590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLACK PEARL COMPUTE LLC</name>
        <lei>N/A</lei>
        <title>BLKPRL 6.125 02/15/31 144A</title>
        <cusip>09216NAA8</cusip>
        <identifiers>
          <isin value="US09216NAA81"/>
        </identifiers>
        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>131896.41000000</valUSD>
        <pctVal>0.116947064665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GO DADDY OPERATING COMPANY LLC</name>
        <lei>5493005GJOH8HLL11157</lei>
        <title>GDDY 3.5 03/01/29 144A</title>
        <cusip>38016LAC9</cusip>
        <identifiers>
          <isin value="US38016LAC90"/>
        </identifiers>
        <balance>507000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>473790.18000000</valUSD>
        <pctVal>0.420090060209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PARK INTERMEDIATE HOLDINGS LLC</name>
        <lei>549300HJUVLG7EAGZV92</lei>
        <title>PK 7 02/01/30 144A</title>
        <cusip>70052LAD5</cusip>
        <identifiers>
          <isin value="US70052LAD55"/>
        </identifiers>
        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>183767.94000000</valUSD>
        <pctVal>0.162939394352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISH DBS CORP</name>
        <lei>N/A</lei>
        <title>DISH 5.75 12/01/28 144A</title>
        <cusip>25470XBF1</cusip>
        <identifiers>
          <isin value="US25470XBF15"/>
        </identifiers>
        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103161.47000000</valUSD>
        <pctVal>0.091468987693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-22</ncom:dateSigned>
      <ncom:nameOfApplicant>New York Life Investments Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
