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        <name>VZ Secured Financing BV</name>
        <lei>549300MG611MYCOWY949</lei>
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      <invstOrSec>
        <name>Xerox Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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          <maturityDt>2027-05-01</maturityDt>
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      <invstOrSec>
        <name>Williams Scotsman Inc.</name>
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        <title>WLSC 7.375 10/01/31 144A</title>
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        <balance>50000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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      <invstOrSec>
        <name>Jones Deslauriers Insurance Management Inc.</name>
        <lei>549300JQIWNFU00E5424</lei>
        <title>NAVCOR 6.875 10/01/33 144A</title>
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          <isin value="US48020RAE53"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60125.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
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        <name>iHeartCommunications Inc</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>IHRT 4.75 01/15/28 144A</title>
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          <isin value="US45174HBG11"/>
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        <curCd>USD</curCd>
        <valUSD>45000.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>UWN Holdings LLC</name>
        <lei>N/A</lei>
        <title>UWMC 6.625 02/01/30 144A</title>
        <cusip>903522AA8</cusip>
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          <isin value="US903522AA85"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84521.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>ALBERTSONS COMPANIES INC</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>ACI 5.75 03/31/34 144A</title>
        <cusip>01309QAD0</cusip>
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          <isin value="US01309QAD07"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-31</maturityDt>
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      <invstOrSec>
        <name>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST 6.25 02/15/32 144A</title>
        <cusip>737446AU8</cusip>
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          <isin value="US737446AU86"/>
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        <balance>68000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70210.00000000</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>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>VZ Secured Financing BV</name>
        <lei>549300MG611MYCOWY949</lei>
        <title>ZIGGO 5 01/15/32 144a</title>
        <cusip>91845AAA3</cusip>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>HILCORP ENERGY I LP</name>
        <lei>549300ITPIHLG0LHEC09</lei>
        <title>HILCRP 6.875 05/15/34 144A</title>
        <cusip>431318BE3</cusip>
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        <name>Cleveland-Cliffs Inc</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLF 7 03/15/32 144A</title>
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        <name>BROOKFIELD RESIDENTIAL PROPERTIES ULC</name>
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        <name>Williams Scotsman Inc.</name>
        <lei>549300DAKDS8SCO1OT57</lei>
        <title>WLSC 6.625 06/15/29 144A</title>
        <cusip>96949VAM5</cusip>
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        <name>OneMain Financial Corporation</name>
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        <title>OMF 4 09/15/30</title>
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        <name>Deluxe Corporation</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>DLX 8.125 09/15/29 144A</title>
        <cusip>248019AW1</cusip>
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        <name>Owens Brockway Glass Container Inc.</name>
        <lei>V2UQUCDZJ9WY98W8QU33</lei>
        <title>OI 7.375 06/01/32 144A</title>
        <cusip>69073TAV5</cusip>
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        <name>RHP HOTEL PROPERTIES LP</name>
        <lei>549300SJMSMA2471GA96</lei>
        <title>RHP 4.75 10/15/27</title>
        <cusip>749571AF2</cusip>
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        <name>1011778 B.C. ULC</name>
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        <name>UWN Holdings LLC</name>
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        <name>Asbury Automotive Group, Inc.</name>
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        <name>Clarivate Science Holdings Corp.</name>
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        <name>Arcosa Inc</name>
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        <name>ARCHROCK PARTNERS LP</name>
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        <name>Terex Corporation</name>
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        <name>Gen Digital Inc</name>
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        <name>LD Holdings Group LLC</name>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
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        <name>Cleveland-Cliffs Inc</name>
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        <name>ARCHROCK PARTNERS LP</name>
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        <title>AROC 6.625 09/01/32 144A</title>
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        <name>Resideo Funding Inc.</name>
        <lei>5493000IFJ6XJKH66598</lei>
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        <name>Olin Corporation</name>
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        <name>Crocs Inc</name>
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        <name>Williams Scotsman Inc.</name>
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        <name>SIX FLAGS ENTERTAINMENT CORP</name>
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          <maturityDt>2032-01-15</maturityDt>
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        <name>Churchill Downs Inc</name>
        <lei>529900FODTBQC8MIS994</lei>
        <title>CHDN 5.5 04/01/27 144A</title>
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        <name>Rockies Express Pipeline LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global LNG Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENLNG 9.875 02/01/32 144A</title>
        <cusip>92332YAD3</cusip>
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          <isin value="US92332YAD31"/>
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        <balance>295000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
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        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>LVLT 3.75 07/15/29 144A</title>
        <cusip>527298BT9</cusip>
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        <balance>98000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91630.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
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        <name>E.W. SCRIPPS COMPANY (THE)</name>
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        <title>SSP 5.375 01/15/31 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>OneMain Financial Corporation</name>
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        <name>Azorra Finance Ltd.</name>
        <lei>254900MC1HXDAVUUP395</lei>
        <title>AZORRA 7.25 01/15/31 144A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ALBERTSONS COMPANIES INC</name>
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        <title>ACI 6.25 03/15/33 144A</title>
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        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>LVLT 3.625 01/15/29 144A</title>
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        <name>Enova International Inc.</name>
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        <title>ENVA 9.125 08/01/29 144A</title>
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        <name>HILCORP ENERGY I LP</name>
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        <name>Resideo Funding Inc.</name>
        <lei>5493000IFJ6XJKH66598</lei>
        <title>REZI 4 09/01/29 144A</title>
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        <name>Kodiak Gas Services LLC</name>
        <lei>549300ZQBRWEUOVOM131</lei>
        <title>KGS 6.5 10/01/33 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Arbor Realty Senior Incorporated</name>
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      <invstOrSec>
        <name>Kodiak Gas Services LLC</name>
        <lei>549300ZQBRWEUOVOM131</lei>
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        <valUSD>93318.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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      <invstOrSec>
        <name>Credit Acceptance Corporation of Michigan</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
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          <isin value="US18453HAD89"/>
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        <balance>142000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143597.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Match Group Holdings II LLC</name>
        <lei>5493003RFFE030RC9167</lei>
        <title>MTCHII 4.625 06/01/28 144A</title>
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          <isin value="US57665RAN61"/>
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        <balance>131000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129853.75000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Jones Deslauriers Insurance Management Inc.</name>
        <lei>549300JQIWNFU00E5424</lei>
        <title>NAVCOR 8.5 03/15/30 144A</title>
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          <isin value="US48020RAB15"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 3.875 09/15/28</title>
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          <isin value="US682691AC47"/>
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        <balance>243000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>235406.25000000</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>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>MGM Resorts International</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM 4.75 10/15/28</title>
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          <isin value="US552953CH22"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100125.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Coinbase Global Inc</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>COIN 3.375 10/01/28 144A</title>
        <cusip>19260QAC1</cusip>
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          <isin value="US19260QAC15"/>
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        <balance>154000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>147070.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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        <name>Sonic Automotive, Inc.</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>SAH 4.875 11/15/31 144A</title>
        <cusip>83545GBE1</cusip>
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          <isin value="US83545GBE17"/>
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        <balance>163000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>Brightstar Lottery PLC</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
        <title>BRSL 5.25 01/15/29 144A</title>
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        <balance>200000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Kennedy Wilson Inc</name>
        <lei>5EA4464UK7FM5QNNKL62</lei>
        <title>KW 4.75 02/01/30</title>
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        <balance>186000.00000000</balance>
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        <name>Arcosa Inc</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>ACA 6.875 08/15/32 144A</title>
        <cusip>039653AC4</cusip>
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          <isin value="US039653AC46"/>
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        <name>Sabre GLBL Inc.</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>SABHLD 10.75 03/15/30 144A</title>
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        <name>Jefferson Capital Holdings LLC</name>
        <lei>N/A</lei>
        <title>JEFCAP 9.5 02/15/29 144A</title>
        <cusip>472481AB6</cusip>
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          <isin value="US472481AB63"/>
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        <name>Fiesta Purchaser Inc.</name>
        <lei>N/A</lei>
        <title>SHEARE 7.875 03/01/31 144A</title>
        <cusip>31659AAA4</cusip>
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          <isin value="US31659AAA43"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 5 02/01/28 144A</title>
        <cusip>1248EPBX0</cusip>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Permian Resources Operating, LLC</name>
        <lei>5493004CTVUMQLRPOE23</lei>
        <title>PR 6.25 02/01/33 144A</title>
        <cusip>71424VAB6</cusip>
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        <name>Freedom Mortgage Holdings LLC</name>
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        <name>Yum! Brands Inc.</name>
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        <name>Block Inc</name>
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        <name>LIBERTY INTERACTIVE LLC</name>
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        <name>Sabre GLBL Inc.</name>
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        <name>NRG Energy, Inc.</name>
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        <name>MACY'S RETAIL HOLDINGS LLC</name>
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        <name>CoreWeave Inc.</name>
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        <name>Central Parent Inc. / Central Merger Sub Inc.</name>
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        <name>Block Inc</name>
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        <name>RHP HOTEL PROPERTIES LP</name>
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        <name>Performance Food Group Inc</name>
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        <name>Discovery Communications, LLC</name>
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        <name>iHeartCommunications Inc</name>
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        <name>Venture Global LNG Inc.</name>
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        <name>Sabre GLBL Inc.</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
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        <name>Permian Resources Operating, LLC</name>
        <lei>5493004CTVUMQLRPOE23</lei>
        <title>PR 5.875 07/01/29 144A</title>
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        <name>MGM Resorts International</name>
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        <name>AES Corp.</name>
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        <name>Goto Group Inc.</name>
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        <title>LOGM 5.5 05/01/28 144A</title>
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        <name>LCM Investments Holdings II LLC</name>
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        <name>Chart Industries Inc</name>
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        <name>Enova International Inc.</name>
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        <title>ENVA 11.25 12/15/28 144A</title>
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        <name>Cinemark USA Inc.</name>
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        <name>Block Inc</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>XYZ 3.5 06/01/31</title>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>Carnival Corporation</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>CCL 5.75 08/01/32 144A</title>
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        <invCountry>PA</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Venture Global LNG Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
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        <cusip>92332YAB7</cusip>
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          <isin value="US92332YAB74"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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      <invstOrSec>
        <name>UNITED RENTALS (NORTH AMERICA) INC</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>URI 3.875 02/15/31</title>
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          <isin value="US911363AM11"/>
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        <balance>236000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>228330.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>Diversified Healthcare Trust</name>
        <lei>N/A</lei>
        <title>DHC 4.75 02/15/28</title>
        <cusip>81721MAM1</cusip>
        <identifiers>
          <isin value="US81721MAM10"/>
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        <balance>56000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54770.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>AMC Networks Inc</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMCX 10.5 07/15/32 144A</title>
        <cusip>00164VAK9</cusip>
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          <isin value="US00164VAK98"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51000.00000000</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>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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      <invstOrSec>
        <name>RHP HOTEL PROPERTIES LP</name>
        <lei>549300SJMSMA2471GA96</lei>
        <title>RHP 4.5 02/15/29 144A</title>
        <cusip>749571AG0</cusip>
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          <isin value="US749571AG03"/>
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        <balance>134000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>132325.00000000</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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>American Airlines Pass Through Trust 2016-3A</name>
        <lei>N/A</lei>
        <title>AAL 7.25 02/15/28 144A</title>
        <cusip>023771T32</cusip>
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          <isin value="US023771T329"/>
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        <balance>252000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>257670.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>CASCADES INC</name>
        <lei>FPD41G4F3GH7OJ38TS94</lei>
        <title>CASCN 5.375 01/15/28 144A</title>
        <cusip>14739LAB8</cusip>
        <identifiers>
          <isin value="US14739LAB80"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119850.00000000</valUSD>
        <pctVal>0.088067000349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Rakuten Group Inc.</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>RAKUTN 11.25 02/15/27 144A</title>
        <cusip>75102WAG3</cusip>
        <identifiers>
          <isin value="US75102WAG33"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105250.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.25000000</annualizedRt>
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      <invstOrSec>
        <name>MGM Resorts International</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM 6.125 09/15/29</title>
        <cusip>552953CK5</cusip>
        <identifiers>
          <isin value="US552953CK50"/>
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        <balance>228000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>235125.00000000</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>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>SUNOCO LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 4.5 04/30/30</title>
        <cusip>86765LAZ0</cusip>
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          <isin value="US86765LAZ04"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63862.50000000</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>2030-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Ryan Specialty LLC</name>
        <lei>549300K52N7QBO3PYY45</lei>
        <title>RYASPE 5.875 08/01/32 144A</title>
        <cusip>78351GAA3</cusip>
        <identifiers>
          <isin value="US78351GAA31"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131300.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Teleflex Incorporated</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>TFX 4.625 11/15/27</title>
        <cusip>879369AF3</cusip>
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          <isin value="US879369AF39"/>
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        <balance>149000.00000000</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>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HILCORP ENERGY I LP</name>
        <lei>549300ITPIHLG0LHEC09</lei>
        <title>HILCRP 8.375 11/01/33 144A</title>
        <cusip>431318BC7</cusip>
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          <isin value="US431318BC74"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95175.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-01</maturityDt>
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        <name>Coinbase Global Inc</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>COIN 3.625 10/01/31 144A</title>
        <cusip>19260QAD9</cusip>
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          <isin value="US19260QAD97"/>
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        <balance>147000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128257.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>Axon Enterprise Inc</name>
        <lei>549300QP2IEEGFE16681</lei>
        <title>AXON 6.125 03/15/30 144A</title>
        <cusip>05464CAC5</cusip>
        <identifiers>
          <isin value="US05464CAC55"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103375.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2030-03-15</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>WarnerMedia Holdings Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WBD 4.054 03/15/29 *</title>
        <cusip>55903VBY8</cusip>
        <identifiers>
          <isin value="US55903VBY83"/>
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        <balance>208000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206700.00000000</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>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05400000</annualizedRt>
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      <invstOrSec>
        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>RIG 6.8 03/15/38</title>
        <cusip>893830AT6</cusip>
        <identifiers>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116550.00000000</valUSD>
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        <name>Carnival Corporation</name>
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        <name>Venture Global LNG Inc.</name>
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        <name>Chart Industries Inc</name>
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        <name>Viking Cruises, Ltd.</name>
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        <name>BROOKFIELD RESIDENTIAL PROPERTIES ULC</name>
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        <name>Ashland Inc.</name>
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        <name>Venture Global LNG Inc.</name>
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        <name>OneMain Financial Corporation</name>
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        <name>Transocean International Ltd.</name>
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        <name>NGL ENERGY OPERATING LLC</name>
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        <name>Owens Brockway Glass Container Inc.</name>
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        <name>1011778 B.C. ULC</name>
        <lei>549300RHSHNRWI5LLA86</lei>
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        <name>Osaic Holdings Inc.</name>
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        <name>Virgin Media Finance PLC</name>
        <lei>2138001LVYC87DDHT482</lei>
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        <name>Nustar Logistics, L.P.</name>
        <lei>N62BF2PKP51FIIOIUN20</lei>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MPT OPERATING PARTNERSHIP LP</name>
        <lei>WUQXXXF7PXTUPGROE843</lei>
        <title>MPW 5 10/15/27</title>
        <cusip>55342UAH7</cusip>
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          <isin value="US55342UAH77"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98187.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <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"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>173906.25000000</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>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>ION PLATFORM FINANCE US INC</name>
        <lei>213800FKHT3BRRKMCC89</lei>
        <title>IONPLA 4.625 05/01/28 144A</title>
        <cusip>46206AAC6</cusip>
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          <isin value="US46206AAC62"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>92750.00000000</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>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 4.5 05/01/32</title>
        <cusip>1248EPCN1</cusip>
        <identifiers>
          <isin value="US1248EPCN14"/>
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        <balance>413000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>378411.25000000</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>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nissan Motor Co Ltd.</name>
        <lei>353800DRBDH1LUTNAY26</lei>
        <title>NSANY 4.81 09/17/30 144A</title>
        <cusip>654744AD3</cusip>
        <identifiers>
          <isin value="US654744AD34"/>
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        <balance>237000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225062.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.81000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bausch Health Companies Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 5.25 02/15/31 144A</title>
        <cusip>071734AL1</cusip>
        <identifiers>
          <isin value="US071734AL17"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19725.00000000</valUSD>
        <pctVal>0.014494130845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHS/Community Health Systems Inc</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CYH 4.75 02/15/31 144A</title>
        <cusip>12543DBK5</cusip>
        <identifiers>
          <isin value="US12543DBK54"/>
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        <balance>152000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>140220.00000000</valUSD>
        <pctVal>0.103035083762</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>4.75000000</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>Hilton Domestic Operating Co Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HLT 4 05/01/31 144A</title>
        <cusip>432833AL5</cusip>
        <identifiers>
          <isin value="US432833AL52"/>
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        <balance>280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>269500.00000000</valUSD>
        <pctVal>0.198031344131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Match Group Holdings II LLC</name>
        <lei>5493003RFFE030RC9167</lei>
        <title>MTCHII 5 12/15/27 144A</title>
        <cusip>57665RAG1</cusip>
        <identifiers>
          <isin value="US57665RAG11"/>
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        <balance>46000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46115.00000000</valUSD>
        <pctVal>0.033885771556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ATI Inc</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ATI 7.25 08/15/30</title>
        <cusip>01741RAN2</cusip>
        <identifiers>
          <isin value="US01741RAN26"/>
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        <balance>112000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>117460.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>WarnerMedia Holdings Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WBD 5.05 03/15/42 *</title>
        <cusip>55903VBW2</cusip>
        <identifiers>
          <isin value="US55903VBW28"/>
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        <balance>336000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>242340.00000000</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>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Open Text Holdings Inc</name>
        <lei>N/A</lei>
        <title>OTEXCN 4.125 12/01/31 144A</title>
        <cusip>683720AC0</cusip>
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          <isin value="US683720AC08"/>
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        <balance>319000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>280321.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 5.375 11/15/29</title>
        <cusip>85172FAR0</cusip>
        <identifiers>
          <isin value="US85172FAR01"/>
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        <balance>224000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>222040.00000000</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>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Global Infrastructure Solutions Inc.</name>
        <lei>2549003BGLQITAJ6ZT28</lei>
        <title>GOINSO 5.625 06/01/29 144A</title>
        <cusip>37960XAA5</cusip>
        <identifiers>
          <isin value="US37960XAA54"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150187.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <name>Clean Harbors, Inc.</name>
        <lei>5493000SJVZVZJKHJF48</lei>
        <title>CLH 6.375 02/01/31 144A</title>
        <cusip>184496AQ0</cusip>
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          <isin value="US184496AQ03"/>
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        <balance>169000.00000000</balance>
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        <valUSD>173436.25000000</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>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>US Foods Inc</name>
        <lei>5493000JOOFAOUY1JZ87</lei>
        <title>USFOOD 4.75 02/15/29 144A</title>
        <cusip>90290MAD3</cusip>
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          <isin value="US90290MAD39"/>
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        <balance>195000.00000000</balance>
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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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Osaic Holdings Inc.</name>
        <lei>549300XL60BDV6UW5C86</lei>
        <title>ADVGRO 8 08/01/33 144A</title>
        <cusip>00791GAC1</cusip>
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          <isin value="US00791GAC15"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49875.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Wesco Distribution, Inc.</name>
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        <name>Millrose Properties Inc.</name>
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        <name>Wesco Distribution, Inc.</name>
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        <name>ATI Inc</name>
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        <name>PRIME SECURITY SERVICES BORROWER LLC</name>
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        <name>VISTAJET MALTA FINANCE PLC</name>
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        <name>EUSHI Finance Inc.</name>
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        <name>LD Holdings Group LLC</name>
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        <name>NCL Corporation Ltd.</name>
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        <name>ACRISURE LLC</name>
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        <name>Caesars Entertainment Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CZR 6 10/15/32 144A</title>
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        <name>CHS/Community Health Systems Inc</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CYH 6.875 04/15/29 144A</title>
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        <name>Bausch Health Companies Inc.</name>
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        <name>TransAlta Corporation</name>
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        <name>Staples, Inc.</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>SPLS 10.75 09/01/29 144A</title>
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        <name>COGENT COMMUNICATIONS GROUP LLC</name>
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        <title>CCOI 6.5 07/01/32 144A</title>
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        <name>Travel Plus Leisure Co</name>
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        <title>TNL 4.5 04/01/27</title>
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        <name>RESORTS WORLD LAS VEGAS LLC</name>
        <lei>254900LHVH9D3APT8R82</lei>
        <title>RWLVCA 8.45 07/27/30 144A</title>
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      <invstOrSec>
        <name>United Wholesale Mortgage LLC</name>
        <lei>549300HW662MN1WU8550</lei>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>1011778 B.C. ULC</name>
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          <isin value="US68245XAP42"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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      <invstOrSec>
        <name>HUB International Ltd.</name>
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          <isin value="US44332PAJ03"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VISTAJET MALTA FINANCE PLC</name>
        <lei>5299001UK94VGT0CPQ36</lei>
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        <invCountry>MT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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      <invstOrSec>
        <name>Wayfair LLC</name>
        <lei>549300CTUWTZGOXMYI40</lei>
        <title>W 7.25 10/31/29 144A</title>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88081.25000000</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>2029-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 7 02/15/29 144A</title>
        <cusip>46284VAP6</cusip>
        <identifiers>
          <isin value="US46284VAP67"/>
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        <balance>92000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94760.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wesco Distribution, Inc.</name>
        <lei>549300I2CEZJG9N4AH67</lei>
        <title>WCC 6.375 03/15/29 144A</title>
        <cusip>95081QAQ7</cusip>
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          <isin value="US95081QAQ73"/>
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        <balance>189000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>194433.75000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>Entegris Inc</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>ENTG 5.95 06/15/30 144A</title>
        <cusip>29365BAB9</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102375.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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      <invstOrSec>
        <name>Caesars Entertainment Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CZR 6.5 02/15/32 144A</title>
        <cusip>12769GAC4</cusip>
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          <isin value="US12769GAC42"/>
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        <balance>239000.00000000</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>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Bausch Health Companies Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 4.875 06/01/28 144A</title>
        <cusip>071734AN7</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SVC 4.95 10/01/29</title>
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        <invCountry>US</invCountry>
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        <name>ATI Inc</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ATI 4.875 10/01/29</title>
        <cusip>01741RAL6</cusip>
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        <balance>105000.00000000</balance>
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        <name>QVC, Inc.</name>
        <lei>549300WBLU5NKPX5X472</lei>
        <title>QVCN 6.875 04/15/29 144A</title>
        <cusip>747262BA0</cusip>
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        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 6.75 03/15/32</title>
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        <name>Newell Brands Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NWL 7.375 04/01/36</title>
        <cusip>651229AX4</cusip>
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        <balance>56000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>iHeartCommunications Inc</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>IHRT 7.75 08/15/30 144A</title>
        <cusip>45174HBM8</cusip>
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        <balance>181500.00000000</balance>
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        <valUSD>145200.00000000</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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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
        <lei>529900AS2CYWYFHRS781</lei>
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        <valUSD>72890.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hilton Grand Vacations Borrower Escrow LLC/ Hilton Grand Vacations Borrower Escrow Inc</name>
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          <isin value="US43284MAB46"/>
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        <curCd>USD</curCd>
        <valUSD>264250.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WarnerMedia Holdings Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
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          <isin value="US55903VBU61"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16875.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.14100000</annualizedRt>
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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>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131350.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>iHeartCommunications Inc</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>IHRT 10.875 05/01/30 144A</title>
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          <isin value="US45174HBL06"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59600.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.87500000</annualizedRt>
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      <invstOrSec>
        <name>AES Corp.</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
        <title>AES V7.6 01/15/55</title>
        <cusip>00130HCK9</cusip>
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          <isin value="US00130HCK95"/>
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        <balance>176000.00000000</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>2055-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 7.125 09/15/32</title>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51312.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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        <name>Wesco Distribution, Inc.</name>
        <lei>549300I2CEZJG9N4AH67</lei>
        <title>WCC 7.25 06/15/28 144A</title>
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          <isin value="US95081QAP90"/>
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        <balance>124000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125240.00000000</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>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <name>Hilton Domestic Operating Co Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HLT 3.625 02/15/32 144A</title>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>228462.50000000</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>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Marriott Ownership Resorts Inc</name>
        <lei>BW4532OH033VURR0IT68</lei>
        <title>VAC 4.75 01/15/28</title>
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        <valUSD>99375.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Open Text Holdings Inc</name>
        <lei>N/A</lei>
        <title>OTEXCN 4.125 02/15/30 144A</title>
        <cusip>683720AA4</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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        <name>Caesars Entertainment Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CZR 7 02/15/30 144A</title>
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        <name>CHS/Community Health Systems Inc</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CYH 6 01/15/29 144A</title>
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        <name>Encompass Health Corporation</name>
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        <title>EHC 4.75 02/01/30</title>
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        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HRI 6 03/15/34 144A</title>
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        <name>CHOBANI LLC</name>
        <lei>549300ISVDMZ91KNTR38</lei>
        <title>CHBANI 7.625 07/01/29 144A</title>
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        <name>Kennedy Wilson Inc</name>
        <lei>5EA4464UK7FM5QNNKL62</lei>
        <title>KW 5 03/01/31</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Madison IAQ LLC</name>
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      <invstOrSec>
        <name>GFL Environmental Inc.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Newell Brands Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ACRISURE LLC</name>
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        <title>ACRISU 6 08/01/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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      <invstOrSec>
        <name>DISH DBS Corporation</name>
        <lei>N/A</lei>
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        <cusip>25470XBE4</cusip>
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          <isin value="US25470XBE40"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180375.00000000</valUSD>
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          <maturityDt>2026-12-01</maturityDt>
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        <name>JELD-WEN, Inc.</name>
        <lei>549300XWE6NM0N1HFW16</lei>
        <title>JELD 4.875 12/15/27 144A</title>
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          <maturityDt>2027-12-15</maturityDt>
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        <name>EchoStar Corp.</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>SATS 6.75 11/30/30</title>
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        <balance>86000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Boyd Gaming Corporation</name>
        <lei>254900787YGRYS2A1Z35</lei>
        <title>BYD 4.75 06/15/31 144A</title>
        <cusip>103304BV2</cusip>
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        <balance>154000.00000000</balance>
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        <name>Hudson Pacific Properties LP</name>
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        <title>HPP 3.25 01/15/30</title>
        <cusip>44409MAC0</cusip>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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        <name>Arches Buyer Inc</name>
        <lei>2549009ADY4208OH2Y47</lei>
        <title>ACOM 6.125 12/01/28 144A</title>
        <cusip>039524AB9</cusip>
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        <name>Northern Oil And Gas, Inc.</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
        <title>NOG 7.875 10/15/33 144A</title>
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        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>FREMOR 9.125 05/15/31 144A</title>
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        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 4.5 02/15/31 144A</title>
        <cusip>46284VAN1</cusip>
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        <name>Hightower Holding LLC</name>
        <lei>254900MKOSB7RTMA9K12</lei>
        <title>HIGTOW 9.125 01/31/30 144A</title>
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        <name>Carnival Corporation</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>CCL 5.875 06/15/31 144A</title>
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        <name>Magnera Corp.</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>MAGN 4.75 11/15/29 144A</title>
        <cusip>377320AA4</cusip>
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        <name>Hilton Domestic Operating Co Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HLT 5.875 04/01/29 144A</title>
        <cusip>432833AP6</cusip>
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        <name>Gen Digital Inc</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
        <title>GEN 6.75 09/30/27 144A</title>
        <cusip>668771AK4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Hudson Pacific Properties LP</name>
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        <curCd>USD</curCd>
        <valUSD>41112.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ViaSat, Inc.</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VSAT 5.625 04/15/27 144A</title>
        <cusip>92552VAL4</cusip>
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          <isin value="US92552VAL45"/>
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        <balance>76000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76000.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Whirlpool Corp.</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>WHR 5.15 03/01/43 MTN</title>
        <cusip>96332HCG2</cusip>
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          <isin value="US96332HCG20"/>
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        <balance>61000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51347.21000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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      <invstOrSec>
        <name>Caesars Entertainment Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CZR 4.625 10/15/29 144A</title>
        <cusip>12769GAA8</cusip>
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          <isin value="US12769GAA85"/>
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        <balance>174000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170955.00000000</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>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Cleveland-Cliffs Inc</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLF 6.25 10/01/40</title>
        <cusip>18683KAC5</cusip>
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          <isin value="US18683KAC53"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169500.00000000</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>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 6.5 03/15/33</title>
        <cusip>682691AM2</cusip>
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          <isin value="US682691AM29"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148875.00000000</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>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>DISH DBS Corporation</name>
        <lei>N/A</lei>
        <title>DISH 5.125 06/01/29</title>
        <cusip>25470XBD6</cusip>
        <identifiers>
          <isin value="US25470XBD66"/>
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        <balance>168000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149940.00000000</valUSD>
        <pctVal>0.110177438734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Embarq Corp.</name>
        <lei>N/A</lei>
        <title>EMBARQ 7.995 06/01/36</title>
        <cusip>29078EAA3</cusip>
        <identifiers>
          <isin value="US29078EAA38"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52143.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.99500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>XPO CNW INC</name>
        <lei>54930096DB9LCLPN7H13</lei>
        <title>CNW 6.7 05/01/34</title>
        <cusip>12612WAB0</cusip>
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          <isin value="US12612WAB00"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174200.00000000</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>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
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      <invstOrSec>
        <name>Clarivate Science Holdings Corp.</name>
        <lei>N/A</lei>
        <title>CLVTSC 4.875 07/01/29 144A</title>
        <cusip>18064PAD1</cusip>
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          <isin value="US18064PAD15"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53787.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>SBGI 5.5 03/01/30 144A</title>
        <cusip>829259AY6</cusip>
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        <balance>73000.00000000</balance>
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        <valUSD>64878.75000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 6.375 09/01/29 144A</title>
        <cusip>1248EPCS0</cusip>
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          <isin value="US1248EPCS01"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Zayo Group Holdings Inc</name>
        <lei>529900Z6OTS7RT0V0I47</lei>
        <title>ZAYO 13.75 09/09/30 144A</title>
        <cusip>98919VAD7</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-09</maturityDt>
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        <name>PARK INTERMEDIATE HOLDINGS LLC</name>
        <lei>549300HJUVLG7EAGZV92</lei>
        <title>PK 5.875 10/01/28 144A</title>
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          <isin value="US70052LAB99"/>
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        <balance>135000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Boyd Gaming Corporation</name>
        <lei>254900787YGRYS2A1Z35</lei>
        <title>BYD 4.75 12/01/27</title>
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        <balance>174000.00000000</balance>
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        <name>Nabors Industries, Inc.</name>
        <lei>549300VFQWRKICUFNU92</lei>
        <title>NBR 9.125 01/31/30 144A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MPT OPERATING PARTNERSHIP LP</name>
        <lei>WUQXXXF7PXTUPGROE843</lei>
        <title>MPW 3.5 03/15/31</title>
        <cusip>55342UAM6</cusip>
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        <balance>287000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220631.25000000</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>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>PARK INTERMEDIATE HOLDINGS LLC</name>
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        <name>Iron Mountain Inc.</name>
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        <name>SS&amp;C Technologies, Inc.</name>
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        <name>COMMUNITY HEALTH SYSTEMS INC</name>
        <lei>549300BQWM4WENQ3YW73</lei>
        <title>CYH 10.875 01/15/32 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-15</maturityDt>
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        <name>Wynn Resorts Finance Llc / Wynn Resorts Capital Corp</name>
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        <name>STANDARD INDUSTRIES LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALUMET SPECIALTY PRODUCTS PARTNERS LP</name>
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        <name>South Bow Canadian Infrastructure Holdings Ltd.</name>
        <lei>2549004FYUSYLPBT1G26</lei>
        <title>SOBOCN V7.5 03/01/55</title>
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        <name>AMERICAN AIRLINES INC</name>
        <lei>N/A</lei>
        <title>AAL 5.75 04/20/29 144A</title>
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        <name>Bausch Health Companies Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 11 09/30/28 144A</title>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <title>CHTR 4.25 01/15/34 144A</title>
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        <name>EchoStar Corp.</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>SATS 10.75 11/30/29 .</title>
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        <name>CITIBANK NA</name>
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        <name>1011778 B.C. ULC</name>
        <lei>549300RHSHNRWI5LLA86</lei>
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        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
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        <name>Vail Resorts, Inc.</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>MTN 5.625 07/15/30 144A</title>
        <cusip>91879QAQ2</cusip>
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        <name>Carnival Corporation</name>
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        <name>Crescent Energy Finance LLC</name>
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        <name>Toledo Hospital</name>
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        <name>Lumen Technologies Inc</name>
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        <name>Hilton Domestic Operating Co Inc.</name>
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        <name>US Foods Inc</name>
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        <name>Goldman Sachs Trust</name>
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        <name>OneMain Financial Corporation</name>
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        <name>MEDICAL PROPERTIES TRUST INC</name>
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        <name>V.F. Corp</name>
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        <name>EUSHI Finance Inc.</name>
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        <name>Bausch Health Companies Inc.</name>
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        <title>BHCCN 14 10/15/30 144A</title>
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        <name>Comstock Resources, Inc.</name>
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        <name>ATI Inc</name>
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        <name>CoreWeave Inc.</name>
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        <name>Paramount Global</name>
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        <name>COGENT COMMUNICATIONS GROUP LLC</name>
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        <title>CCOI 7 06/15/27 144a</title>
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        <name>ViaSat, Inc.</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VSAT 6.5 07/15/28 144A</title>
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        <name>Cablevision Lightpath Llc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHS/Community Health Systems Inc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ashton Woods (USA) LLC/Ashton Woods Finance Co.</name>
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          <isin value="US045086AM71"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Flash Compute LLC</name>
        <lei>N/A</lei>
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          <isin value="US33853QAA94"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-31</maturityDt>
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      <invstOrSec>
        <name>GO DADDY OPERATING CO LLC</name>
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          <isin value="US38016LAA35"/>
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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>2027-12-01</maturityDt>
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      <invstOrSec>
        <name>DISH DBS Corporation</name>
        <lei>N/A</lei>
        <title>DISH 7.375 07/01/28</title>
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          <isin value="US25470XBB01"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>434250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>Cleveland-Cliffs Inc</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLF 7.375 05/01/33 144A</title>
        <cusip>185899AR2</cusip>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159650.00000000</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>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>Adapthealth Llc</name>
        <lei>549300SN58QQ28RVWE26</lei>
        <title>ADAHEA 6.125 08/01/28 144A</title>
        <cusip>00653VAA9</cusip>
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          <isin value="US00653VAA98"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180225.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>WarnerMedia Holdings Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WBD 4.279 03/15/32 *</title>
        <cusip>55903VBQ5</cusip>
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          <isin value="US55903VBQ59"/>
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        <balance>377000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>347311.25000000</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>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Carnival Corporation</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>CCL 5.75 03/15/30 144A</title>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113987.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>SS&amp;C Technologies, Inc.</name>
        <lei>549300KY09TR3J12JU49</lei>
        <title>SSNC 5.5 09/30/27 144A</title>
        <cusip>78466CAC0</cusip>
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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>2027-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>SCIH Salt Holdings Inc.</name>
        <lei>N/A</lei>
        <title>MORTON 6.625 05/01/29 144A</title>
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          <isin value="US78433BAB45"/>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>TransAlta Corporation</name>
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        <title>TACN 6.5 03/15/40</title>
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        <invCountry>CA</invCountry>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 4.75 02/01/32 144A</title>
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        <name>Shea Homes Limited Partnership</name>
        <lei>N/A</lei>
        <title>SHEAHM 4.75 02/15/28</title>
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        <name>CHS/Community Health Systems Inc</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CYH 6.125 04/01/30 144A</title>
        <cusip>12543DBL3</cusip>
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        <issuerCat>CORP</issuerCat>
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        <name>Toledo Hospital</name>
        <lei>5493009DCR7NWV6K4T34</lei>
        <title>TOLHOS 5.325 11/15/28 B</title>
        <cusip>889184AC1</cusip>
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        <balance>202000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wynn Resorts Finance Llc / Wynn Resorts Capital Corp</name>
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        <name>RHP HOTEL PROPERTIES LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Patrick Industries Inc.</name>
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        <name>Match Group Holdings II LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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        <name>Navient Corporation</name>
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        <balance>50000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Home Company Inc</name>
        <lei>549300PLCE8TB3TVRQ85</lei>
        <title>NWHM 8.5 11/01/30 144A</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
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      <invstOrSec>
        <name>Mercer International Inc.</name>
        <lei>549300Z5IAG39VRTY874</lei>
        <title>MERC 5.125 02/01/29</title>
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        <balance>25000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MICHAELS COMPANIES INC (THE)</name>
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        <title>MIK 7.875 05/01/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Nordstrom, Inc.</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>JWN 4.25 08/01/31</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AMC Entertainment Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sinclair Television Group, Inc.</name>
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        <title>SBGI 4.375 12/31/32 144A</title>
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        <name>Altice Financing S.A.</name>
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        <title>ALTICE 5.75 08/15/29 144a</title>
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        <name>GFL Environmental Inc.</name>
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        <name>Newell Brands Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
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        <name>Newell Brands Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
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        <name>STANDARD BUILDING SOLUTIONS INC</name>
        <lei>54930064UHXCIUWVI755</lei>
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        <name>HERBALIFE INTERNATIONAL INC</name>
        <lei>ST81INWBFR1E54KGC135</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nissan Motor Acceptance Co LLC</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 5.875 03/15/34 144A</title>
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          <isin value="US86765KAG40"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Forestar Group Inc.</name>
        <lei>549300BC2UB0GHV60V70</lei>
        <title>FOR 5 03/01/28 144A</title>
        <cusip>346232AE1</cusip>
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          <isin value="US346232AE19"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>HLF FINANCING SARL LLC</name>
        <lei>549300VKVJUV5OGV2R51</lei>
        <title>HLF 12.25 04/15/29 144A</title>
        <cusip>40390DAD7</cusip>
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          <isin value="US40390DAD75"/>
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        <balance>8000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8570.00000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</annualizedRt>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 3.375 02/15/29 144A</title>
        <cusip>629377CQ3</cusip>
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          <isin value="US629377CQ33"/>
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        <balance>124000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119479.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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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>
        <identifiers>
          <isin value="US70082LAC19"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45281.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>Park River Holdings Inc</name>
        <lei>254900PGY077KWCROT75</lei>
        <title>PRIMBP 8.75 12/31/30 144A</title>
        <cusip>70082LAD9</cusip>
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          <isin value="US70082LAD91"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72281.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>ViaSat, Inc.</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VSAT 7.5 05/30/31 144A</title>
        <cusip>92552VAR1</cusip>
        <identifiers>
          <isin value="US92552VAR15"/>
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        <balance>59000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58483.75000000</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>2031-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>CHS/Community Health Systems Inc</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CYH 9.75 01/15/34 144A</title>
        <cusip>12543DBQ2</cusip>
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          <isin value="US12543DBQ25"/>
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        <balance>306000.00000000</balance>
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        <valUSD>323595.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>SBGI 8.125 02/15/33 144A</title>
        <cusip>829259BH2</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>California Resources Corporation</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>CRC 7 01/15/34 144A</title>
        <cusip>13057QAL1</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Xerox Corp.</name>
        <lei>4KF48RN45X1OO8UBLY20</lei>
        <title>XRX 13.5 04/15/31 144A</title>
        <cusip>984121CT8</cusip>
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          <annualizedRt>13.50000000</annualizedRt>
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      <invstOrSec>
        <name>STANDARD BUILDING SOLUTIONS INC</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>BMCAUS 4.375 07/15/30 144A</title>
        <cusip>853496AG2</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
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      <invstOrSec>
        <name>AMN Healthcare Inc.</name>
        <lei>549300H27NUKBFFQEE84</lei>
        <title>AMN 4 04/15/29 144A</title>
        <cusip>00175PAC7</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 4.5 10/01/29 144A</title>
        <cusip>86765KAJ8</cusip>
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        <balance>335000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TerraForm Power Operating, LLC</name>
        <lei>5493000S2OLR3UT5BE13</lei>
        <title>TERP 5 01/31/28 144A</title>
        <cusip>88104LAE3</cusip>
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        <balance>50000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rakuten Group Inc.</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Hilton Domestic Operating Co Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
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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>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 5.75 07/15/29 144A</title>
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          <isin value="US629377CY66"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100375.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Prestige Brands, Inc.</name>
        <lei>549300JBVP4J6D42I235</lei>
        <title>PBH 3.75 04/01/31 144A</title>
        <cusip>74112BAM7</cusip>
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          <isin value="US74112BAM72"/>
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        <balance>116000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108967.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Mercer International Inc.</name>
        <lei>549300Z5IAG39VRTY874</lei>
        <title>MERC 12.875 10/01/28 144A</title>
        <cusip>588056BC4</cusip>
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          <isin value="US588056BC44"/>
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        <balance>63000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.87500000</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>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215156.25000000</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>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>UNITI SERVICES LLC</name>
        <lei>549300KT9GVEBYCD2N29</lei>
        <title>WIN 8.25 10/01/31 144A</title>
        <cusip>97381AAA0</cusip>
        <identifiers>
          <isin value="US97381AAA07"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>247925.00000000</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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>Kaiser Aluminium Corporation</name>
        <lei>N/A</lei>
        <title>KALU 4.5 06/01/31 144A</title>
        <cusip>483007AL4</cusip>
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          <isin value="US483007AL48"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>XPLR Infrastructure Operating Partners LP</name>
        <lei>549300KJEC5IUVJWR786</lei>
        <title>XIFR 7.75 04/15/34 144A</title>
        <cusip>98379YAA0</cusip>
        <identifiers>
          <isin value="US98379YAA01"/>
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        <balance>79000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82061.25000000</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>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>MICHAELS COMPANIES INC (THE)</name>
        <lei>549300H9LWMBP7HYLR98</lei>
        <title>MIK 5.25 05/01/28 144A</title>
        <cusip>55916AAA2</cusip>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125500.00000000</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>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Xerox Corp.</name>
        <lei>4KF48RN45X1OO8UBLY20</lei>
        <title>XRX 10.25 10/15/30 144A</title>
        <cusip>984121CS0</cusip>
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        <balance>100000.00000000</balance>
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        <valUSD>72375.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.25000000</annualizedRt>
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        <name>CQP HOLDCO LP</name>
        <lei>549300LPL012JY5D4B69</lei>
        <title>BLKCQP 5.5 06/15/31</title>
        <cusip>12657NAA8</cusip>
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        <balance>370000.00000000</balance>
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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>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Hudson Pacific Properties LP</name>
        <lei>5493007NTUGLGZ8T3526</lei>
        <title>HPP 3.95 11/01/27</title>
        <cusip>44409MAA4</cusip>
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          <isin value="US44409MAA45"/>
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        <balance>169000.00000000</balance>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>California Resources Corporation</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>CRC 8.25 06/15/29 144A</title>
        <cusip>13057QAK3</cusip>
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        <balance>50000.00000000</balance>
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        <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>AMN Healthcare Inc.</name>
        <lei>549300H27NUKBFFQEE84</lei>
        <title>AMN 6.5 01/15/31 144A</title>
        <cusip>00175PAD5</cusip>
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        <balance>110000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 4.75 03/01/30 144A</title>
        <cusip>1248EPCD3</cusip>
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        <balance>176000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Nissan Motor Acceptance Co LLC</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>NSANY 5.55 09/13/29 144A</title>
        <cusip>65480CAH8</cusip>
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        <balance>300000.00000000</balance>
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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>2029-09-13</maturityDt>
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      <invstOrSec>
        <name>The Scotts Miracle-Gro Company</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>SMG 4.375 02/01/32</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HUB International Ltd.</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HBGCN 7.25 06/15/30 144A</title>
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          <isin value="US44332PAH47"/>
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        <curCd>USD</curCd>
        <valUSD>296686.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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      <invstOrSec>
        <name>Marriott Ownership Resorts Inc</name>
        <lei>BW4532OH033VURR0IT68</lei>
        <title>VAC 6.5 10/01/33 144A</title>
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          <isin value="US57164PAK21"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145875.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ASURION LLC</name>
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          <isin value="US045941AB79"/>
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        <curCd>USD</curCd>
        <valUSD>398000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cooper-Standard Automotive Inc.</name>
        <lei>ITCH5B3Q4RTX2PH9UN62</lei>
        <title>CPS 13.5 03/31/27 144A</title>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>256875.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>The Chemours Company LLC</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>CC 5.375 05/15/27</title>
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          <isin value="US163851AE83"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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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>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Kronos Acquisition Holdings Inc</name>
        <lei>N/A</lei>
        <title>KIKCN 10.75 06/30/32 144A</title>
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          <isin value="US50106GAJ13"/>
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        <balance>106000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46772.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.75000000</annualizedRt>
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      <invstOrSec>
        <name>AMC Networks Inc</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMCX 4.25 02/15/29</title>
        <cusip>00164VAF0</cusip>
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          <isin value="US00164VAF04"/>
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        <balance>46000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40710.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>1261229 Bc Ltd.</name>
        <lei>N/A</lei>
        <title>BHCCN 10 04/15/32 144A</title>
        <cusip>68288AAA5</cusip>
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          <isin value="US68288AAA51"/>
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        <curCd>USD</curCd>
        <valUSD>517500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>Navient Corporation</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVI 4.875 03/15/28</title>
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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>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>Brandywine Operating Partnership L.P.</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>BDN 8.875 04/12/29</title>
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        <name>Bausch Health Companies Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 5 01/30/28 144A</title>
        <cusip>071734AH0</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 6 02/01/33 144A</title>
        <cusip>629377CW0</cusip>
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        <name>Mohegan Escrow Issuer LLC</name>
        <lei>N/A</lei>
        <title>MOHEGN 11.875 04/15/31 144A</title>
        <cusip>60832QAB6</cusip>
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          <isin value="US60832QAB68"/>
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        <invCountry>US</invCountry>
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        <name>Alpha Generation LLC</name>
        <lei>254900K5V62L4YGVKF49</lei>
        <title>ALPGEN 6.25 01/15/34 144A</title>
        <cusip>02073LAC5</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CP Atlas Buyer Inc.</name>
        <lei>2549006ZZ07G0NDDCR36</lei>
        <title>AMBATH 9.75 07/15/30 144A</title>
        <cusip>12597YAC3</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>Artera Services LLC</name>
        <lei>549300J2G34D0WX8Z443</lei>
        <title>POWBUY 8.5 02/15/31 144A</title>
        <cusip>04302XAA2</cusip>
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          <isin value="US04302XAA28"/>
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        <balance>72000.00000000</balance>
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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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Uniti Service LLC/ Uniti Group Finance 2019 Inc/CSL Capital LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ardagh Group SA / Ardagh Packaging Finance PLC</name>
        <lei>6354006L1NWUUOPYX274</lei>
        <title>ARGID 12 12/01/30 144a</title>
        <cusip>03969UAA4</cusip>
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          <isin value="US03969UAA43"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ACRISURE LLC</name>
        <lei>549300R0Z1Q47XRTGO22</lei>
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          <isin value="US00489LAK98"/>
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        <balance>57000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57142.50000000</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>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>Kohl's Corp.</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
        <title>KSS 5.55 07/17/45</title>
        <cusip>500255AV6</cusip>
        <identifiers>
          <isin value="US500255AV61"/>
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        <balance>108000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72090.00000000</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>2045-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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      <invstOrSec>
        <name>AMC Networks Inc</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMCX 10.25 01/15/29 144A</title>
        <cusip>00164VAG8</cusip>
        <identifiers>
          <isin value="US00164VAG86"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96693.75000000</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>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOWARD HUGHES CORP (THE)</name>
        <lei>549300BVHY25JZC1KI49</lei>
        <title>HHH 4.125 02/01/29 144A</title>
        <cusip>44267DAE7</cusip>
        <identifiers>
          <isin value="US44267DAE76"/>
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        <balance>119000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>115430.00000000</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>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST 6.5 03/15/36 144A</title>
        <cusip>737446AY0</cusip>
        <identifiers>
          <isin value="US737446AY09"/>
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        <balance>142000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>144840.00000000</valUSD>
        <pctVal>0.106429906805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wayfair LLC</name>
        <lei>549300CTUWTZGOXMYI40</lei>
        <title>W 7.75 09/15/30 144A</title>
        <cusip>94419NAB3</cusip>
        <identifiers>
          <isin value="US94419NAB38"/>
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        <balance>103000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>108407.50000000</valUSD>
        <pctVal>0.079658934838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 4.25 02/01/31 144A</title>
        <cusip>1248EPCK7</cusip>
        <identifiers>
          <isin value="US1248EPCK74"/>
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        <balance>442000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>413270.00000000</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>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Whirlpool Corp.</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>WHR 2.4 05/15/31</title>
        <cusip>963320AY2</cusip>
        <identifiers>
          <isin value="US963320AY28"/>
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        <balance>164000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137244.47000000</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>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.40000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Seagate Data Storage Technology Pte. Ltd.</name>
        <lei>N/A</lei>
        <title>STX 8.25 12/15/29 144a</title>
        <cusip>81180LAM7</cusip>
        <identifiers>
          <isin value="US81180LAM72"/>
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        <balance>56000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59150.00000000</valUSD>
        <pctVal>0.043464022283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EMRLD BORROWER LP</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMECLI 6.625 12/15/30 144A</title>
        <cusip>29103CAA6</cusip>
        <identifiers>
          <isin value="US29103CAA62"/>
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        <balance>276000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>286005.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Navient Corporation</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVI 5.5 03/15/29</title>
        <cusip>63938CAM0</cusip>
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          <isin value="US63938CAM01"/>
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        <balance>336000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>313740.00000000</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>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Virgin Media Secured Finance PLC</name>
        <lei>213800X3RLP4NOTPY579</lei>
        <title>VMED 5.5 05/15/29 144A</title>
        <cusip>92769XAP0</cusip>
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          <isin value="US92769XAP06"/>
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        <balance>225000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>The Scotts Miracle-Gro Company</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>SMG 4 04/01/31</title>
        <cusip>810186AX4</cusip>
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          <isin value="US810186AX41"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75900.00000000</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>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Archrock Services LP / Archrock Partners Finance Corp.</name>
        <lei>N/A</lei>
        <title>AROC 6 02/01/34 144A</title>
        <cusip>03958CAA7</cusip>
        <identifiers>
          <isin value="US03958CAA71"/>
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        <balance>160000.00000000</balance>
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        <valUSD>161700.00000000</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>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Snap Inc</name>
        <lei>549300JNC0L6VP8A2Q35</lei>
        <title>SNAP 6.875 03/01/33 144A</title>
        <cusip>83304AAL0</cusip>
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          <isin value="US83304AAL08"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>179325.00000000</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>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GFL Environmental Inc.</name>
        <lei>894500E7NLBY9VZRT696</lei>
        <title>GFLCN 4.75 06/15/29 144A</title>
        <cusip>36168QAN4</cusip>
        <identifiers>
          <isin value="US36168QAN43"/>
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        <balance>94000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93647.50000000</valUSD>
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        <name>Post Holdings Inc.</name>
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        <name>NRG Energy, Inc.</name>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>HOWARD HUGHES CORP (THE)</name>
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          <maturityDt>2031-02-01</maturityDt>
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        <name>R.R. Donnelley &amp; Sons Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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        <name>Advanced Drainage System Inc</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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        <name>Sunoco LP</name>
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        <title>SUN 4.625 05/01/30 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Live Nation Entertainment, Inc.</name>
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        <title>LYV 3.75 01/15/28 144A</title>
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        <name>HUB International Ltd.</name>
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        <title>HBGCN 5.625 12/01/29 144A</title>
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        <name>Darling Ingredients, Inc</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
        <title>DAR 5.25 04/15/27 144A</title>
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        <name>Newell Brands Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NWL 6.625 05/15/32</title>
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        <name>Sensata Technologies Inc</name>
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        <title>ST 3.75 02/15/31 144A</title>
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        <name>Alpha Generation LLC</name>
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        <name>Bread Financial Holdings Inc</name>
        <lei>549300G8S4PO686J7H97</lei>
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        <name>Kronos Acquisition Holdings Inc</name>
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        <title>KIKCN 8.25 06/30/31 144A</title>
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        <name>Snap Inc</name>
        <lei>549300JNC0L6VP8A2Q35</lei>
        <title>SNAP 6.875 03/15/34 144A</title>
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      <invstOrSec>
        <name>Hilton Domestic Operating Co Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HLT 3.75 05/01/29 144A</title>
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        <valUSD>92002.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ACRISURE LLC</name>
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        <title>ACRISU 8.5 06/15/29 144A</title>
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          <isin value="US00489LAM54"/>
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        <balance>139000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Bausch Health Companies Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 5.25 01/30/30 144A</title>
        <cusip>071734AJ6</cusip>
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          <isin value="US071734AJ60"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35250.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Lithia Motors Incorporated</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>LAD 3.875 06/01/29 144A</title>
        <cusip>536797AG8</cusip>
        <identifiers>
          <isin value="US536797AG85"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101981.25000000</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>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>Brandywine Operating Partnership L.P.</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>BDN 3.95 11/15/27</title>
        <cusip>105340AQ6</cusip>
        <identifiers>
          <isin value="US105340AQ63"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98581.60000000</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>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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      <invstOrSec>
        <name>FERRELLGAS FINANCE CORP</name>
        <lei>549300EW667UKOZLEW85</lei>
        <title>FGP 9.25 01/15/31 144A</title>
        <cusip>315292AU6</cusip>
        <identifiers>
          <isin value="US315292AU60"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>155906.25000000</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>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
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      <invstOrSec>
        <name>Blue Racer Midstream, LLC / Blue Racer Finance Corp</name>
        <lei>N/A</lei>
        <title>BLURAC 7 07/15/29 144A</title>
        <cusip>095796AJ7</cusip>
        <identifiers>
          <isin value="US095796AJ72"/>
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        <balance>96000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99960.00000000</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>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>GFL Environmental Holdings (US) Inc.</name>
        <lei>N/A</lei>
        <title>GFLCN 5.5 02/01/34 144A</title>
        <cusip>36273TAA8</cusip>
        <identifiers>
          <isin value="US36273TAA88"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100500.00000000</valUSD>
        <pctVal>0.073848423321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST 6.375 03/01/33 144A</title>
        <cusip>737446AV6</cusip>
        <identifiers>
          <isin value="US737446AV69"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102125.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>Brandywine Operating Partnership L.P.</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>BDN 4.55 10/01/29</title>
        <cusip>105340AP8</cusip>
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          <isin value="US105340AP80"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94353.90000000</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>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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      <invstOrSec>
        <name>Iqvia Inc</name>
        <lei>549300PLWY28YB00C717</lei>
        <title>IQV 6.5 05/15/30 144A</title>
        <cusip>46266TAD0</cusip>
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          <isin value="US46266TAD00"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>258750.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Acadia Healthcare Company, Inc.</name>
        <lei>5493005CW985Y9D0NC11</lei>
        <title>ACHC 7.375 03/15/33 144A</title>
        <cusip>00404AAQ2</cusip>
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          <isin value="US00404AAQ22"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103125.00000000</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>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Nordstrom, Inc.</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>JWN 5 01/15/44</title>
        <cusip>655664AR1</cusip>
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        <balance>194000.00000000</balance>
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        <name>Virgin Media Secured Finance PLC</name>
        <lei>213800X3RLP4NOTPY579</lei>
        <title>VMED 4.5 08/15/30 144A</title>
        <cusip>92769XAR6</cusip>
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          <isin value="US92769XAR61"/>
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        <balance>600000.00000000</balance>
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        <valUSD>548367.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>ACRISURE LLC</name>
        <lei>549300R0Z1Q47XRTGO22</lei>
        <title>ACRISU 7.5 11/06/30 144A</title>
        <cusip>00489LAL7</cusip>
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          <isin value="US00489LAL71"/>
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        <balance>190000.00000000</balance>
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        <valUSD>193562.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Bausch Health Companies Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 6.25 02/15/29 144A</title>
        <cusip>071734AK3</cusip>
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          <isin value="US071734AK34"/>
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        <balance>244000.00000000</balance>
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        <valUSD>193980.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>CP Atlas Buyer Inc.</name>
        <lei>2549006ZZ07G0NDDCR36</lei>
        <title>AMBATH 12.75 01/15/31 144A</title>
        <cusip>12597YAD1</cusip>
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          <isin value="US12597YAD13"/>
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        <balance>61600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55440.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>GFL Environmental Inc.</name>
        <lei>894500E7NLBY9VZRT696</lei>
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        <name>Nissan Motor Acceptance Co LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gray Media Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
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          <maturityDt>2031-11-15</maturityDt>
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      <invstOrSec>
        <name>Uniti Service LLC/ Uniti Group Finance 2019 Inc/CSL Capital LLC</name>
        <lei>N/A</lei>
        <title>UNIT 4.75 04/15/28 144A</title>
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          <isin value="US91327BAB62"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Tenet Healthcare Corporation</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>THC 5.125 11/01/27</title>
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          <isin value="US88033GDB32"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170106.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>NCR Voyix Corporation</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>VYX 5.125 04/15/29 144A</title>
        <cusip>62886EBA5</cusip>
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          <isin value="US62886EBA55"/>
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        <balance>59000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58115.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Muvico LLC</name>
        <lei>N/A</lei>
        <title>AMC 15 02/19/29 144A</title>
        <cusip>62844JAE8</cusip>
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          <isin value="US62844JAE82"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38300.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>15.00000000</annualizedRt>
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      <invstOrSec>
        <name>Murphy Oil Corporation</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
        <title>MUR 6 10/01/32</title>
        <cusip>626717AP7</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99875.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>Firstcash Inc</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FCFS 4.625 09/01/28 144A</title>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>Buckeye Partners LP</name>
        <lei>549300C1PQJLVEIUBK50</lei>
        <title>BPL 4.125 12/01/27</title>
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          <couponKind>Fixed</couponKind>
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        <name>Lamb Weston Holdings Inc</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>LW 4.125 01/31/30 144A</title>
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        <name>United Rentals (North America), Inc.</name>
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        <title>URI 3.75 01/15/32</title>
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        <name>LBM Acquisition LLC</name>
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        <name>Diversified Healthcare Trust</name>
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        <name>CONNECT FINCO SARL</name>
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        <title>ISATLN 9 09/15/29 144A</title>
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        <name>CrossCountry Intermediate HoldCo LLC</name>
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        <name>ANYWHERE REAL ESTATE GROUP LLC</name>
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        <title>HOUS 9.75 04/15/30 144A</title>
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        <name>MPH Acquisition Holdings LLC</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MLTPLN 11.5 12/31/30 144A</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Molina Healthcare, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ROCKET MORTGAGE LLC</name>
        <lei>549300FGXN1K3HLB1R50</lei>
        <title>RKT 4 10/15/33 144A</title>
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          <isin value="US77313LAB99"/>
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        <curCd>USD</curCd>
        <valUSD>184750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lamb Weston Holdings Inc</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>LW 4.375 01/31/32 144A</title>
        <cusip>513272AE4</cusip>
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          <isin value="US513272AE49"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38200.00000000</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>2032-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Organon &amp; Co</name>
        <lei>549300AMCKY57OK2CO56</lei>
        <title>OGN 5.125 04/30/31 144A</title>
        <cusip>68622TAB7</cusip>
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          <isin value="US68622TAB70"/>
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        <balance>436000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>389130.00000000</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>2031-04-30</maturityDt>
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      <invstOrSec>
        <name>ICAHN ENTERPRISES LP</name>
        <lei>549300T0G4GS0SINS786</lei>
        <title>IEP 5.25 05/15/27</title>
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          <isin value="US451102BZ91"/>
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        <curCd>USD</curCd>
        <valUSD>92070.00000000</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>2027-05-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>MPH Acquisition Holdings LLC</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MLTPLN 6.75 03/31/31 144A</title>
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          <isin value="US553283AE26"/>
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        <balance>180675.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115632.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Somnigroup International Inc.</name>
        <lei>549300HFEKVR3US71V91</lei>
        <title>SGI 3.875 10/15/31 144A</title>
        <cusip>88023UAJ0</cusip>
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          <isin value="US88023UAJ07"/>
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        <balance>43000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40527.50000000</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>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>The Chemours Company LLC</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>CC 5.75 11/15/28 144A</title>
        <cusip>163851AF5</cusip>
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          <isin value="US163851AF58"/>
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        <balance>114000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115140.00000000</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>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ACRISURE LLC</name>
        <lei>549300R0Z1Q47XRTGO22</lei>
        <title>ACRISU 6.75 07/01/32 144A</title>
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          <isin value="US004961AA64"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49250.00000000</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>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <name>GoEasy Limited</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>GSYCN 9.25 12/01/28 144A</title>
        <cusip>380355AH0</cusip>
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          <isin value="US380355AH08"/>
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        <balance>166000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164962.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
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      <invstOrSec>
        <name>Kinetik Holdings LP</name>
        <lei>549300RD6AJIMYC0HY12</lei>
        <title>KNTK 5.875 06/15/30 144A</title>
        <cusip>49461MAA8</cusip>
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          <isin value="US49461MAA80"/>
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        <balance>58000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>NOVA Chemicals Corp.</name>
        <lei>549300ZOD6N7RI2FJP09</lei>
        <title>NCX 5.25 06/01/27 144A</title>
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          <isin value="US66977WAR07"/>
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        <balance>173000.00000000</balance>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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        <name>Hertz Corp.</name>
        <lei>549300PD0C69OJ0NLB27</lei>
        <title>HTZ 4.625 12/01/26 144A</title>
        <cusip>428040DA4</cusip>
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          <isin value="US428040DA42"/>
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        <name>Organon &amp; Co</name>
        <lei>549300AMCKY57OK2CO56</lei>
        <title>OGN 4.125 04/30/28 144a</title>
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        <name>NOVA Chemicals Corp.</name>
        <lei>549300ZOD6N7RI2FJP09</lei>
        <title>NCX 7 12/01/31 144A</title>
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        <name>EnerSys</name>
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        <title>ENS 6.625 01/15/32 144A</title>
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          <maturityDt>2032-01-15</maturityDt>
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        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>LVLT 7 03/31/34 144A</title>
        <cusip>527298CN1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Bread Financial Holdings Inc</name>
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        <name>SM Energy Co.</name>
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        <name>Ncl Finance Limited</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ball Corporation</name>
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        <curCd>USD</curCd>
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        <name>United Rentals (North America), Inc.</name>
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        <name>Kioxia Holdings Corp.</name>
        <lei>35380080RTKRARNH4R73</lei>
        <title>KIOXIA 6.25 07/24/30 144A</title>
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          <isin value="US49726JAA60"/>
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        <curCd>USD</curCd>
        <valUSD>208250.00000000</valUSD>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Standard Building Solutions Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>BMCAUS 6.25 08/01/33 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>LifePoint Health, Inc</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>RGCARE 8.375 02/15/32 144A</title>
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        <name>Vistra Operations Co LLC</name>
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        <name>Iqvia Inc</name>
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        <name>Ziggo B.V.</name>
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        <name>SM ENERGY COMPANY</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <name>Molina Healthcare, Inc.</name>
        <lei>549300NQQCEQ46YHZ591</lei>
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        <name>ALLIANT HOLDINGS INTERMEDIATE LLC</name>
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        <name>Buckeye Partners LP</name>
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        <title>BPL 5.6 10/15/44</title>
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        <name>Hertz Corp.</name>
        <lei>549300PD0C69OJ0NLB27</lei>
        <title>HTZ 5 12/01/29 144A</title>
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      <invstOrSec>
        <name>INEOS Finance PLC</name>
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        <name>United Rentals (North America), Inc.</name>
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        <name>PRA Group Inc.</name>
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        <name>Beazer Homes USA Inc.</name>
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        <name>MPH Acquisition Holdings LLC</name>
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        <name>TransDigm, Inc.</name>
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        <name>CLOUD SOFTWARE GROUP HOLDINGS INC</name>
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        <name>ALLIANT HOLDINGS INTERMEDIATE LLC</name>
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        <name>Post Holdings Inc.</name>
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        <name>KB Home</name>
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        <name>Prospect Capital Corp.</name>
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        <name>Tronox Incorporated</name>
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        <name>Gray Media Inc.</name>
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        <title>GTN 4.75 10/15/30 144A</title>
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          <maturityDt>2030-10-15</maturityDt>
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        <name>Team Health Holdings Inc.</name>
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        <title>TMH 13.5 06/30/28 144A</title>
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          <maturityDt>2028-06-30</maturityDt>
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        <name>Uniti Service LLC / Uniti Fiber Holdings Inc. / Uniti Group Finance 2019 Inc. / CSL Capital LLC</name>
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          <couponKind>Fixed</couponKind>
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        <name>WarnerMedia Holdings Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
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        <name>ANYWHERE REAL ESTATE GROUP LLC</name>
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        <name>ION PLATFORM FINANCE US INC</name>
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        <title>IONPLA 9 08/01/29 144A</title>
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        <name>Celanese US Holdings Llc</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
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        <name>ALLIANT HOLDINGS INTERMEDIATE LLC</name>
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        <title>ALIANT 7 01/15/31 144A</title>
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        <name>CVR Energy Inc.</name>
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        <title>CVI 7.875 02/15/34 144A</title>
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        <name>Whirlpool Corp.</name>
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        <name>ZF North America Capital, Inc.</name>
        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZFFNGR 6.875 04/23/32 144A</title>
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        <name>PETSMART LLC</name>
        <lei>894500NGJMHSFNESGA67</lei>
        <title>PETM 7.5 09/15/32</title>
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        <name>Perrigo Finance Unlimited Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
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        <name>Energizer Holdings Inc</name>
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        <name>PG&amp;E Corporation</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-15</maturityDt>
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        <name>Adapthealth Llc</name>
        <lei>549300SN58QQ28RVWE26</lei>
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          <isin value="US00653VAC54"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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        <name>Light &amp; Wonder International Inc.</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>LNW 6.25 10/01/33 144A</title>
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        <name>Firstcash Inc</name>
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        <title>FCFS 6.875 03/01/32 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>LifePoint Health, Inc</name>
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        <title>RGCARE 5.375 01/15/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 4.875 05/01/29</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
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        <name>Transocean Titan Financing Ltd.</name>
        <lei>N/A</lei>
        <title>RIG 8.375 02/01/28 144A</title>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>ZF North America Capital, Inc.</name>
        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZFFNGR 6.75 04/23/30 144A</title>
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        <name>Open Text Corp</name>
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        <title>OTEXCN 3.875 12/01/29 144A</title>
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        <name>VISTAJET MALTA FINANCE PLC</name>
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        <title>VSTJET 9.5 06/01/28 144A</title>
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        <name>Perrigo Finance Unlimited Co.</name>
        <lei>549300E86RB6YCTMRM83</lei>
        <title>PRGO 3.15 06/15/30</title>
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        <name>Goodyear Tire &amp; Rubber Co. The</name>
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        <title>GT 4.875 03/15/27</title>
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        <name>Trinet Group Inc</name>
        <lei>5299003FJVBETSFKE990</lei>
        <title>TNET 3.5 03/01/29 144A</title>
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        <name>RRD Inter Holdings Inc.</name>
        <lei>N/A</lei>
        <title>RRD 11 12/01/30 144A</title>
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        <name>Light &amp; Wonder International Inc.</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
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        <name>Dana Inc.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Parent LLC / CDK Global II LLC / CDK Financing Co.</name>
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      <invstOrSec>
        <name>Ball Corporation</name>
        <lei>0BGI85ALH27ZJP15DY16</lei>
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          <isin value="US058498AW66"/>
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        <curCd>USD</curCd>
        <valUSD>145470.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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      <invstOrSec>
        <name>Carvana Co</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>CVNA 9 06/01/31 144A</title>
        <cusip>146869AM4</cusip>
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          <isin value="US146869AM47"/>
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        <balance>284074.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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        <name>Novelis Corporation</name>
        <lei>549300G5F3W3B52WYL23</lei>
        <title>HNDLIN 3.875 08/15/31 144A</title>
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        <balance>289000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>264435.00000000</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>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>Open Text Corp</name>
        <lei>549300HP7ONDQODZJV16</lei>
        <title>OTEXCN 3.875 02/15/28 144A</title>
        <cusip>683715AC0</cusip>
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          <isin value="US683715AC05"/>
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        <balance>101000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96833.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>Bath &amp; Body Works Inc</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>BBWI 6.625 10/01/30 144A</title>
        <cusip>501797AW4</cusip>
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          <isin value="US501797AW48"/>
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        <balance>84000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Station Casinos LLC</name>
        <lei>5493004E7Q60TX54WL62</lei>
        <title>RRR 6.625 03/15/32 144A</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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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>2032-03-15</maturityDt>
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        <name>ALLIANT HOLDINGS INTERMEDIATE LLC</name>
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        <title>ALIANT 5.875 11/01/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 6.75 08/15/28 144A</title>
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        <name>Carvana Co</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>CVNA 9 06/01/30 144A</title>
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        <name>Buckeye Partners LP</name>
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        <title>BPL 5.85 11/15/43</title>
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        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>LYV 4.75 10/15/27 144A</title>
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        <name>NCL Corporation Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCLH 6.25 09/15/33 144A</title>
        <cusip>62886HBZ3</cusip>
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        <invCountry>BM</invCountry>

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        <name>Allison Transmission Inc.</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>ALSN 3.75 01/30/31 144A</title>
        <cusip>019736AG2</cusip>
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        <issuerCat>CORP</issuerCat>
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        <name>FERTITTA ENTERTAINMENT LLC</name>
        <lei>984500A0805D8V551D35</lei>
        <title>FRTITA 6.75 01/15/30 144A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Equipmentshare Com Inc.</name>
        <lei>254900PWJK48CGPKPI80</lei>
        <title>EQMSRM 8 03/15/33 144A</title>
        <cusip>29450YAC3</cusip>
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          <isin value="US29450YAC30"/>
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        <curCd>USD</curCd>
        <valUSD>125522.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>First Quantum Minerals Ltd.</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
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        <cusip>335934AX3</cusip>
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          <isin value="US335934AX36"/>
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        <balance>288000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>302760.00000000</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>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 6.25 07/01/33 144A</title>
        <cusip>86765KAD1</cusip>
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          <isin value="US86765KAD19"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>258125.00000000</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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Entegris Inc</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>ENTG 4.375 04/15/28 144A</title>
        <cusip>29362UAC8</cusip>
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        <balance>107000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106465.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <name>Constellation Energy Generation LLC</name>
        <lei>S2PEWKCZFFECR4533P43</lei>
        <title>CEG 5 02/01/31 144A</title>
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        <balance>11000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Rocket Software Inc</name>
        <lei>549300PVG26ISP5X1556</lei>
        <title>ROCSOF 9 11/28/28 144A</title>
        <cusip>77314EAB4</cusip>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209356.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>Twilio Inc</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>TWLO 3.875 03/15/31</title>
        <cusip>90138FAD4</cusip>
        <identifiers>
          <isin value="US90138FAD42"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47312.50000000</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>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 7.375 02/01/36 144A</title>
        <cusip>1248EPCV3</cusip>
        <identifiers>
          <isin value="US1248EPCV30"/>
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        <balance>165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>168093.75000000</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>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 5.25 07/15/30 144A</title>
        <cusip>46284VAJ0</cusip>
        <identifiers>
          <isin value="US46284VAJ08"/>
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        <balance>145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145000.00000000</valUSD>
        <pctVal>0.106547476434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>CLARIOS GLOBAL LP</name>
        <lei>549300474L1ZLXZY2P98</lei>
        <title>POWSOL 6.75 05/15/28 144A</title>
        <cusip>18060TAC9</cusip>
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          <isin value="US18060TAC99"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46125.00000000</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>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>ZF North America Capital, Inc.</name>
        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZFFNGR 6.875 04/14/28 144A</title>
        <cusip>98877DAD7</cusip>
        <identifiers>
          <isin value="US98877DAD75"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>154875.00000000</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>2028-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <name>ALLIANT HOLDINGS INTERMEDIATE LLC</name>
        <lei>5493006Q26653NF8SI73</lei>
        <title>ALIANT 6.75 10/15/27 144A</title>
        <cusip>01883LAA1</cusip>
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          <isin value="US01883LAA17"/>
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        <balance>133000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133498.75000000</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>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ANYWHERE REAL ESTATE GROUP LLC</name>
        <lei>LF6PBYTYG3BDVEF4FI12</lei>
        <title>HOUS 5.75 01/15/29 144A</title>
        <cusip>75606DAL5</cusip>
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          <isin value="US75606DAL55"/>
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        <valUSD>144357.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Bombardier Inc.</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
        <title>BBDBCN 7.45 05/01/34 144A</title>
        <cusip>097751AL5</cusip>
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          <isin value="US097751AL51"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>377293.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.45000000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>ALBERTSONS COMPANIES INC</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>ACI 4.875 02/15/30 144A</title>
        <cusip>013092AE1</cusip>
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        <balance>376000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>373650.00000000</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>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>NCL Corporation Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCLH 6.25 03/01/30 144A</title>
        <cusip>62886HBP5</cusip>
        <identifiers>
          <isin value="US62886HBP55"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102625.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>MPT OPERATING PARTNERSHIP LP</name>
        <lei>WUQXXXF7PXTUPGROE843</lei>
        <title>MPW 8.5 02/15/32 144a</title>
        <cusip>55342UAQ7</cusip>
        <identifiers>
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        <balance>237000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>254478.75000000</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>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Gray Media Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
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        <name>Wrangler Holdco Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Murphy Oil Corporation</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
        <title>MUR 5.125 12/01/42</title>
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          <isin value="US626717AG73"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Edgewell Personal Care Co</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
        <title>EPC 4.125 04/01/29 144A</title>
        <cusip>28035QAB8</cusip>
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        <name>ALLIANT HOLDINGS INTERMEDIATE LLC</name>
        <lei>5493006Q26653NF8SI73</lei>
        <title>ALIANT 4.25 10/15/27 144A</title>
        <cusip>01883LAB9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>MACY'S RETAIL HOLDINGS LLC</name>
        <lei>549300JMONK27O4SQQ19</lei>
        <title>M 5.125 01/15/42</title>
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          <isin value="US55616XAG25"/>
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        <balance>98000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-01-15</maturityDt>
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        <name>ZF North America Capital, Inc.</name>
        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZFFNGR 7.125 04/14/30 144A</title>
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          <isin value="US98877DAE58"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-14</maturityDt>
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        <name>XPO Inc</name>
        <lei>54930096DB9LCLPN7H13</lei>
        <title>XPO 7.125 06/01/31 144A</title>
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          <isin value="US98379KAB89"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Univision Communications Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UVN 4.5 05/01/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Gray Media Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GTN 10.5 07/15/29 144A</title>
        <cusip>389375AM8</cusip>
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        <name>Huntsman International LLC</name>
        <lei>3YTEJFW18LGIUQ2N5J61</lei>
        <title>HUN 5.7 10/15/34</title>
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        <name>GoEasy Limited</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>GSYCN 6.875 02/15/31 144A</title>
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        <name>Edgewell Personal Care Co</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
        <title>EPC 5.5 06/01/28 144A</title>
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        <name>Zayo Group Holdings Inc</name>
        <lei>529900Z6OTS7RT0V0I47</lei>
        <title>ZAYO 9.25 03/09/30 144A</title>
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        <name>Methanex Corporation</name>
        <lei>549300TSJHRXT9QXRD13</lei>
        <title>MXCN 5.65 12/01/44</title>
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        <name>FERTITTA ENTERTAINMENT LLC</name>
        <lei>984500A0805D8V551D35</lei>
        <title>FRTITA 4.625 01/15/29 144A</title>
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        <name>McGraw-Hill Education Inc.</name>
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        <name>JANE STREET GROUP LLC</name>
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        <name>Whirlpool Corp.</name>
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        <name>Vistra Operations Co LLC</name>
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        <name>Mauser Packaging Solutions Holding Co.</name>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>ILIAD HOLDING SAS</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>ILIADH 8.5 04/15/31 144A</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
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      <invstOrSec>
        <name>Qnity Electronics Inc.</name>
        <lei>254900RSUG4J9TFFZX53</lei>
        <title>QNTELE 5.75 08/15/32 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>First Quantum Minerals Ltd.</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>FMCN 8.625 06/01/31 144A</title>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CNX Resources Corporation</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX 7.25 03/01/32 144A</title>
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        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 5 07/15/28 144A</title>
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        <name>PERMIAN RESOURCES OPERATING LLC</name>
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        <title>PR 8 04/15/27 144A</title>
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        <name>Pitney Bowes Inc.</name>
        <lei>549300N2O26NW4ST6W55</lei>
        <title>PBI 6.875 03/15/27 144A</title>
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        <name>Sunoco LP</name>
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        <name>GrafTech Global Enterprises Inc.</name>
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        <title>EAF 9.875 12/23/29 144A</title>
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        <name>Gray Media Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GTN 9.625 07/15/32 144A</title>
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        <name>FXI Holdings Inc</name>
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        <title>FXIHLD 11 11/15/30 144a</title>
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        <name>Bath &amp; Body Works Inc</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>BBWI 7.5 06/15/29</title>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <name>SM Energy Co.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>McGraw-Hill Education Inc.</name>
        <lei>254900U6YJ9QZ4IQOR26</lei>
        <title>MHED 8 08/01/29 144A</title>
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        <balance>105000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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        <name>Twilio Inc</name>
        <lei>5493004W8TRGD63APX93</lei>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96375.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 5.25 10/15/28 144A</title>
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          <isin value="US85571BBF13"/>
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        <balance>100000.00000000</balance>
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          <maturityDt>2028-10-15</maturityDt>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC</name>
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        <title>ASCRES 6.625 07/15/33 144A</title>
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        <curCd>USD</curCd>
        <valUSD>124650.00000000</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>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sealed Air Corp.</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
        <title>SEE 6.875 07/15/33 144A</title>
        <cusip>81211KAK6</cusip>
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          <isin value="US81211KAK60"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124350.00000000</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>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Mauser Packaging Solutions Holding Co.</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>BWY 9.25 04/15/30 144A</title>
        <cusip>57763RAF4</cusip>
        <identifiers>
          <isin value="US57763RAF47"/>
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        <balance>149000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>147137.50000000</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>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
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      <invstOrSec>
        <name>Alcoa Nederland Holding B.V.</name>
        <lei>5493000UL1QLQLT1VQ42</lei>
        <title>AA 7.125 03/15/31 144A</title>
        <cusip>013822AH4</cusip>
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          <isin value="US013822AH42"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>286628.22000000</valUSD>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PREMIER ENTERTAINMENT SUB LLC</name>
        <lei>549300KRDMIL2NJVZ267</lei>
        <title>BALY 5.625 09/01/29 144A</title>
        <cusip>74052HAA2</cusip>
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          <isin value="US74052HAA23"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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        <name>Qnity Electronics Inc.</name>
        <lei>254900RSUG4J9TFFZX53</lei>
        <title>QNTELE 6.25 08/15/33 144A</title>
        <cusip>74743LAB6</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-15</maturityDt>
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        <name>Rogers Communications Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>RCICN V5.25 03/15/82 144A</title>
        <cusip>775109BS9</cusip>
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        <invCountry>CA</invCountry>
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        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 4.875 09/15/29 144A</title>
        <cusip>46284VAF8</cusip>
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        <name>SBA Communications Corp.</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBAC 3.875 02/15/27</title>
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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>Rocket Companies Inc</name>
        <lei>N/A</lei>
        <title>RKT 7.125 02/01/32 144A</title>
        <cusip>77311WAD3</cusip>
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      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 6.5 07/01/30 144A</title>
        <cusip>85571BBD6</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MACY'S RETAIL HOLDINGS LLC</name>
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        <name>USA COMPRESSION PARTNERS LP</name>
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        <name>Univision Communications Inc.</name>
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        <name>Davita Inc</name>
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        <cusip>23918KAS7</cusip>
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        <name>ALLIED UNIVERSAL HOLDCO LLC</name>
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        <name>Getty Images Inc.</name>
        <lei>5493005NV20IG4VEKZ40</lei>
        <title>ABEGET 11.25 02/21/30 144A</title>
        <cusip>374276AM5</cusip>
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        <balance>140000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 5.25 03/15/28 144A</title>
        <cusip>46284VAE1</cusip>
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        <balance>168000.00000000</balance>
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        <valUSD>168210.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Navient Corporation</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVI 5.625 08/01/33 MTN</title>
        <cusip>78442FAZ1</cusip>
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        <balance>205000.00000000</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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          <couponKind>Fixed</couponKind>
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        <name>CSC Holdings, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 5.375 02/01/28 144A</title>
        <cusip>126307AS6</cusip>
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        <name>WULF Compute LLC</name>
        <lei>N/A</lei>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <cusip>1248EPCB7</cusip>
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        <name>XPLR Infrastructure Operating Partners LP</name>
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        <title>XIFR 4.5 09/15/27 144A</title>
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        <name>W. R. Grace Holdings Llc</name>
        <lei>549300WNOVFRGYOAEB12</lei>
        <title>GRA 5.625 08/15/29 144A</title>
        <cusip>92943GAA9</cusip>
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        <name>BROOKFIELD PROPERTIES RETAIL HOLDING LLC</name>
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        <title>BPYU 4.5 04/01/27 144A</title>
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        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS V6.75 12/10/54</title>
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        <name>Motion Bondco Designated Activity Company</name>
        <lei>635400KFD3IETNQLA755</lei>
        <title>MERLLN 6.625 11/15/27 144A</title>
        <cusip>61978XAA5</cusip>
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          <isin value="US61978XAA54"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PRIMO WATER HOLDINGS INC</name>
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      <invstOrSec>
        <name>Transocean International Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Commercial Metals Company</name>
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        <name>Univision Communications Inc.</name>
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        <title>UVN 8 08/15/28 144A</title>
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        <name>Bath &amp; Body Works Inc</name>
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        <name>PRA Group Inc.</name>
        <lei>549300Q5HW3JSSB86K27</lei>
        <title>PRAA 5 10/01/29 144A</title>
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        <name>Davita Inc</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
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        <balance>193000.00000000</balance>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Rocket Companies Inc</name>
        <lei>N/A</lei>
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        <cusip>77311WAC5</cusip>
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          <isin value="US77311WAC55"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>USA COMPRESSION PARTNERS LP</name>
        <lei>5493000B1PEOKXRZEO65</lei>
        <title>USAC 6.25 10/01/33 144A</title>
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          <isin value="US91740PAH10"/>
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        <name>Sunrise Finco l B.V</name>
        <lei>213800MNFBDEQRS6HZ22</lei>
        <title>SUNN 4.875 07/15/31 144A</title>
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        <name>SUBURBAN PROPANE PARTNERS LP</name>
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        <title>SPH 6.5 12/15/35 144A</title>
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        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 6 04/15/30 144A</title>
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        <name>Celanese US Holdings Llc</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>CE 7.2 11/15/33</title>
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        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS V7 03/10/55</title>
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        <name>Nexstar Media Inc.</name>
        <lei>5493006PK6I4I2OOT688</lei>
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        <name>Arsenal AIC Parent LLC</name>
        <lei>254900G9F9HA5EP57J39</lei>
        <title>ARNC 11.5 10/01/31 144A</title>
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        <name>JANE STREET GROUP LLC</name>
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        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>RIG 8.25 05/15/29 144A</title>
        <cusip>893830BY4</cusip>
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        <name>Allied Universal Holdco LLC / Allied Universal Finance Corporation</name>
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        <name>PG&amp;E Corporation</name>
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        <name>Avient Corporation</name>
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          <maturityDt>2030-08-01</maturityDt>
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        <name>PRIMO WATER HOLDINGS INC</name>
        <lei>9845008F9A5F2E1D4832</lei>
        <title>PRMWCN 4.375 04/30/29 144a</title>
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        <curCd>USD</curCd>
        <valUSD>59175.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-30</maturityDt>
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        <name>Nissan Motor Co Ltd.</name>
        <lei>353800DRBDH1LUTNAY26</lei>
        <title>NSANY 8.125 07/17/35 144A</title>
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        <balance>200000.00000000</balance>
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        <valUSD>218788.30000000</valUSD>
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        <invCountry>JP</invCountry>
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        <name>SLM Corp.</name>
        <lei>N/A</lei>
        <title>SLM 6.5 01/31/30</title>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51000.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>OUTFRONT MEDIA CAPITAL LLC (CBS OUTDOOR AMERICAS CAPITAL LLC)</name>
        <lei>5493005WC7J0FDMW0610</lei>
        <title>OUT 4.625 03/15/30 144A</title>
        <cusip>69007TAC8</cusip>
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          <isin value="US69007TAC80"/>
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        <balance>196000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192570.00000000</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>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>Univision Communications Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UVN 8.5 07/31/31 144A</title>
        <cusip>914906AZ5</cusip>
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        <balance>166000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170565.00000000</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>2031-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <name>Equipmentshare Com Inc.</name>
        <lei>254900PWJK48CGPKPI80</lei>
        <title>EQMSRM 9 05/15/28 144A</title>
        <cusip>29450YAA7</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105125.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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        <name>Seagate Data Storage Technology Pte. Ltd.</name>
        <lei>N/A</lei>
        <title>STX 5.75 12/01/34 144a</title>
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        <balance>45000.00000000</balance>
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        <invCountry>SG</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>FXI Holdings Inc</name>
        <lei>549300VLKCUZW3MSVS50</lei>
        <title>FXIHLD 14 11/15/29 144A</title>
        <cusip>36120RAJ8</cusip>
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        <name>Bath &amp; Body Works Inc</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>BBWI 6.75 07/01/36</title>
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        <balance>93000.00000000</balance>
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        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 7.25 04/01/29 144A</title>
        <cusip>85571BBB0</cusip>
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        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>RIG 8.75 02/15/30 144A</title>
        <cusip>893830BX6</cusip>
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        <invCountry>BM</invCountry>

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        <name>CSC Holdings, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 5.5 04/15/27 144A</title>
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        <name>CALUMET SPECIALTY PRODUCTS PARTNERS LP</name>
        <lei>529900QWK0FGLES9BA18</lei>
        <title>CLMT 9.75 07/15/28 144A</title>
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        <issuerCat>CORP</issuerCat>
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        <name>Rocket Companies Inc</name>
        <lei>N/A</lei>
        <title>RKT 6.375 08/01/33 144A</title>
        <cusip>77311WAB7</cusip>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <name>Chord Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Tenet Healthcare Corporation</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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          <isin value="US88033GAV23"/>
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        <curCd>USD</curCd>
        <valUSD>163875.00000000</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>Cinemark USA Inc.</name>
        <lei>54930008H2137JSCPQ09</lei>
        <title>CNK 7 08/01/32 144A</title>
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          <isin value="US172441BH95"/>
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        <curCd>USD</curCd>
        <valUSD>52062.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>K Hovnanian Enterprises Inc</name>
        <lei>549300JJCQ0KAI7CJG32</lei>
        <title>HOV 8.375 10/01/33 144A</title>
        <cusip>48251UAQ1</cusip>
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          <isin value="US48251UAQ13"/>
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        <valUSD>71925.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
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        <name>Kinetik Holdings LP</name>
        <lei>549300RD6AJIMYC0HY12</lei>
        <title>KNTK 6.625 12/15/28 144A</title>
        <cusip>49461MAB6</cusip>
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          <isin value="US49461MAB63"/>
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        <curCd>USD</curCd>
        <valUSD>234840.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Equipmentshare Com Inc.</name>
        <lei>254900PWJK48CGPKPI80</lei>
        <title>EQMSRM 8.625 05/15/32 144A</title>
        <cusip>29450YAB5</cusip>
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          <isin value="US29450YAB56"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139262.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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      <invstOrSec>
        <name>SBA Communications Corp.</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBAC 3.125 02/01/29</title>
        <cusip>78410GAG9</cusip>
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          <isin value="US78410GAG91"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207743.75000000</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>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NCL Corporation Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCLH 6.75 02/01/32 144A</title>
        <cusip>62886HBR1</cusip>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <name>Iron Mountain Information Management Servces Inc</name>
        <lei>N/A</lei>
        <title>IRM 5 07/15/32 144A</title>
        <cusip>46285MAA8</cusip>
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        <balance>58000.00000000</balance>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>Telecom Italia Capital S.A.</name>
        <lei>549300777DJZOR5C4L39</lei>
        <title>TITIM 6.375 11/15/33</title>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>DPL Inc.</name>
        <lei>N/A</lei>
        <title>DPL LLC/Ohio</title>
        <cusip>233293AQ2</cusip>
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          <couponKind>Fixed</couponKind>
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        <name>CLARIOS GLOBAL LP</name>
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        <title>POWSOL 6.75 02/15/30 144A</title>
        <cusip>18060TAD7</cusip>
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        <name>ARDAGH METAL PACKAGING FINANCE USA LLC</name>
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        <title>AMPBEV 4 09/01/29 144A</title>
        <cusip>03969YAB4</cusip>
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        <name>Smyrna Ready Mix Concrete LLC</name>
        <lei>549300S7RFWHQFOIOY93</lei>
        <title>SMYREA 8.875 11/15/31 144A</title>
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        <name>Freedom Mortgage Holdings LLC</name>
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        <title>FREMOR 7.875 04/01/33 144A</title>
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        <name>United Rentals (North America), Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>URI 4.875 01/15/28</title>
        <cusip>911365BG8</cusip>
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          <maturityDt>2028-01-15</maturityDt>
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      <invstOrSec>
        <name>Commercial Metals Company</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>CMC 3.875 02/15/31</title>
        <cusip>201723AP8</cusip>
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          <isin value="US201723AP84"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142687.50000000</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>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>NCR Voyix Corporation</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>VYX 5 10/01/28 144A</title>
        <cusip>62886EAY4</cusip>
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          <isin value="US62886EAY41"/>
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        <balance>76000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74765.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ASCENT RESOURCES UTICA HOLDINGS LLC</name>
        <lei>549300EGLQ2M2CL7JZ89</lei>
        <title>ASCRES 5.875 06/30/29 144A</title>
        <cusip>04364VAU7</cusip>
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          <isin value="US04364VAU70"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165825.00000000</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>2029-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>StoneX Group Inc</name>
        <lei>549300JUF07L8VF02M60</lei>
        <title>SNEX 7.875 03/01/31 144A</title>
        <cusip>861896AA6</cusip>
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          <isin value="US861896AA67"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106375.00000000</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>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <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>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112750.00000000</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>2035-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>DELEK LOGISTICS PARTNERS LP</name>
        <lei>549300UVYITDIU51P724</lei>
        <title>DKL 8.625 03/15/29 144A</title>
        <cusip>24665FAD4</cusip>
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          <isin value="US24665FAD42"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93937.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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        <name>CSC Holdings, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 4.5 11/15/31 144a</title>
        <cusip>126307BH9</cusip>
        <identifiers>
          <isin value="US126307BH94"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151250.00000000</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>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Avantor Funding Inc</name>
        <lei>5493003VM0XB4U8YD238</lei>
        <title>AVTR 4.625 07/15/28 144A</title>
        <cusip>05352TAA7</cusip>
        <identifiers>
          <isin value="US05352TAA79"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>258700.00000000</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>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Neptune BidCo US Inc.</name>
        <lei>549300VG15T3VCYZ4531</lei>
        <title>NLSN 9.29 04/15/29 144A</title>
        <cusip>640695AA0</cusip>
        <identifiers>
          <isin value="US640695AA01"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>246837.50000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.29000000</annualizedRt>
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      <invstOrSec>
        <name>Lamar Media Corp.</name>
        <lei>N/A</lei>
        <title>LAMR 3.75 02/15/28</title>
        <cusip>513075BR1</cusip>
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          <isin value="US513075BR18"/>
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        <balance>97000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95666.25000000</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>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>Tenet Healthcare Corporation</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>THC 4.375 01/15/30</title>
        <cusip>88033GDR8</cusip>
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          <isin value="US88033GDR83"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98625.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <name>B&amp;G Foods, Inc.</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
        <title>BGS 5.25 09/15/27</title>
        <cusip>05508WAB1</cusip>
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          <isin value="US05508WAB19"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>86850.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>ANTERO MIDSTREAM PARTNERS LP</name>
        <lei>529900HFO1BDEIT4QU11</lei>
        <title>AM 6.625 02/01/32 144A</title>
        <cusip>03690AAK2</cusip>
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          <isin value="US03690AAK25"/>
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        <balance>162000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>168075.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Clydesdale Acquisition Holdings Inc.</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>NOVHOL 6.625 04/15/29 144A</title>
        <cusip>18972EAA3</cusip>
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          <isin value="US18972EAA38"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Topbuild Corporation</name>
        <lei>5493007YSKHOL4RWII46</lei>
        <title>BLD 3.625 03/15/29 144A</title>
        <cusip>89055FAB9</cusip>
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          <isin value="US89055FAB94"/>
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        <balance>225000.00000000</balance>
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        <valUSD>217968.75000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SVC 8.625 11/15/31 144A</title>
        <cusip>81761LAC6</cusip>
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          <isin value="US81761LAC63"/>
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        <balance>170000.00000000</balance>
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        <valUSD>179103.16000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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      <invstOrSec>
        <name>DELEK LOGISTICS PARTNERS LP</name>
        <lei>549300UVYITDIU51P724</lei>
        <title>DKL 7.375 06/30/33 144A</title>
        <cusip>24665FAE2</cusip>
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          <isin value="US24665FAE25"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103500.00000000</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>2033-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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        <name>ICAHN ENTERPRISES LP</name>
        <lei>549300T0G4GS0SINS786</lei>
        <title>IEP 10 11/15/29 144A</title>
        <cusip>451102CK1</cusip>
        <identifiers>
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        <name>Builders Firstsource, Inc.</name>
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        <name>Ryan Specialty LLC</name>
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        <name>Hologic Inc</name>
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        <name>StoneX Escrow Issuer LLC</name>
        <lei>N/A</lei>
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        <name>Taylor Morrison Communities Inc</name>
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        <title>TMHC 5.75 11/15/32 144A</title>
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        <name>Yum! Brands Inc.</name>
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        <name>Fair Isaac Corporation</name>
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        <name>Service Properties Trust</name>
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        <name>Topbuild Corporation</name>
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        <name>Pennymac Financial Services Inc</name>
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        <name>CSC Holdings, LLC</name>
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        <name>Axon Enterprise Inc</name>
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        <name>Fortress Transportation &amp; Infrastructure Investors LLC</name>
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        <name>ICAHN ENTERPRISES LP</name>
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        <title>IEP 9 06/15/30</title>
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        <name>Chobani Holdco II LLC</name>
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        <name>Sirius Xm Radio Inc</name>
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        <name>The Gap Inc.</name>
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        <name>Neptune BidCo US Inc.</name>
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        <name>Mattamy Group Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fair Isaac Corporation</name>
        <lei>RI6HET5SJUEY30V1PS26</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-15</maturityDt>
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        <name>Talen Energy Supply LLC</name>
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        <title>TLN 6.25 02/01/34 144A</title>
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          <maturityDt>2034-02-01</maturityDt>
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        <name>Science Applications International Corp.</name>
        <lei>549300LZPNZIXQGZPZ48</lei>
        <title>SAIC 5.875 11/01/33 144A</title>
        <cusip>808625AB3</cusip>
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        <curCd>USD</curCd>
        <valUSD>45770.00000000</valUSD>
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          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Somnigroup International Inc.</name>
        <lei>549300HFEKVR3US71V91</lei>
        <title>SGI 4 04/15/29 144A</title>
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          <couponKind>Fixed</couponKind>
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        <name>Encore Capital Group Inc.</name>
        <lei>5493000UVC6H49CIH830</lei>
        <title>ECPG 6.625 04/15/31 144A</title>
        <cusip>292554AS1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Pennymac Financial Services Inc</name>
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        <title>PFSI 5.75 09/15/31 144A</title>
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        <name>Service Properties Trust</name>
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        <title>SVC 8.875 06/15/32</title>
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        <name>Avantor Funding Inc</name>
        <lei>5493003VM0XB4U8YD238</lei>
        <title>AVTR 3.875 11/01/29 144A</title>
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        <name>Crescent Energy Finance LLC</name>
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        <name>Builders Firstsource, Inc.</name>
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        <title>BLDR 5 03/01/30 144A</title>
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        <name>W. R. Grace Holdings Llc</name>
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        <name>Amsted Industries Incorporated</name>
        <lei>N2VLGYMEEBIU3PFSUY86</lei>
        <title>AMSIND 4.625 05/15/30 144A</title>
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        <name>The Gap Inc.</name>
        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
        <title>GAP 3.875 10/01/31 144A</title>
        <cusip>364760AQ1</cusip>
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        <name>The Chemours Company LLC</name>
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        <name>Tenet Healthcare Corporation</name>
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        <name>Murphy Oil USA Inc</name>
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        <name>Pennymac Financial Services Inc</name>
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        <name>SUNOCO LP</name>
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        <name>Talen Energy Supply LLC</name>
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        <name>ADT Security Corp.</name>
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        <name>Yum! Brands Inc.</name>
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        <name>Vistra Operations Co LLC</name>
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        <name>Adient Global Holdings Ltd</name>
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        <name>Graphic Packaging International LLC</name>
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        <name>Bombardier Inc.</name>
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        <name>Methanex Corporation</name>
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        <title>MXCN 5.25 12/15/29</title>
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        <name>Clydesdale Acquisition Holdings Inc.</name>
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        <name>Univision Communications Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UVN 9.375 08/01/32 144A</title>
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        <name>Cloud Software Group Inc.</name>
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        <name>Olympus Water US Holding Corp.</name>
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        <name>Diversified Healthcare Trust</name>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
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        <title>TEP 6 09/01/31 144A</title>
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        <name>GEO Group Inc</name>
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        <name>HILCORP ENERGY I LP</name>
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        <name>GENESIS ENERGY LP</name>
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        <name>Freedom Mortgage Corporation</name>
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        <name>Pennymac Financial Services Inc</name>
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        <name>Graphic Packaging International LLC</name>
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        <name>Yum! Brands Inc.</name>
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        <name>Freedom Mortgage Corporation</name>
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        <name>Discovery Communications, LLC</name>
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        <name>Seagate Data Storage Technology Pte. Ltd.</name>
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        <title>STX 9.625 12/01/32 144a</title>
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        <name>Lumen Technologies Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FMG Resources (August 2006) Pty Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenet Healthcare Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Advance Auto Parts Inc.</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>AAP 3.5 03/15/32</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
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        <title>TEP 6 12/31/30 144A</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennymac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PFSI 6.75 02/15/34 144A</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Clydesdale Acquisition Holdings Inc.</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>NOVHOL 8.75 04/15/30 144A</title>
        <cusip>18972EAB1</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ICAHN ENTERPRISES LP</name>
        <lei>549300T0G4GS0SINS786</lei>
        <title>IEP 9.75 01/15/29</title>
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        <balance>93000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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        <name>Crescent Energy Finance LLC</name>
        <lei>54930061FUL6DBLFUW14</lei>
        <title>CRGYFN 8.375 01/15/34 144A</title>
        <cusip>45344LAG8</cusip>
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        <balance>73000.00000000</balance>
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        <valUSD>75372.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>AMERIGAS PARTNERS LP</name>
        <lei>H36E1IF6YS0OBMHM6168</lei>
        <title>APU 9.5 06/01/30 144A</title>
        <cusip>030981AP9</cusip>
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        <name>Venture Global Plaquemines Lng LLC</name>
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        <title>VEGLPL 6.75 01/15/36 144A</title>
        <cusip>922966AD8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global Plaquemines Lng LLC</name>
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        <title>VEGLPL 7.75 05/01/35 144A</title>
        <cusip>922966AB2</cusip>
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        <name>Builders Firstsource, Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BLDR 6.375 03/01/34 144A</title>
        <cusip>12008RAS6</cusip>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>CCO 7.125 02/15/31 144A</title>
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        <name>GENESIS ENERGY LP</name>
        <lei>549300VJ5D6MDK138782</lei>
        <title>GEL 8 05/15/33</title>
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        <name>Cloud Software Group Inc.</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>TIBX 8.25 06/30/32 144A</title>
        <cusip>18912UAC6</cusip>
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          <maturityDt>2032-06-30</maturityDt>
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        <name>SOTHEBY'S</name>
        <lei>549300P5BAAMQQ7VL735</lei>
        <title>BID 5.875 06/01/29 144a</title>
        <cusip>83600GAA2</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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        <name>ANTERO MIDSTREAM PARTNERS LP</name>
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        <name>ION PLATFORM FINANCE US INC</name>
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        <name>Discovery Communications, LLC</name>
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        <name>Nabors Industries, Inc.</name>
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        <name>Bombardier Inc.</name>
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        <name>Clydesdale Acquisition Holdings Inc.</name>
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        <name>Sirius Xm Radio Inc</name>
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        <name>GEO Group Inc</name>
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        <name>Crescent Energy Finance LLC</name>
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        <name>Builders Firstsource, Inc.</name>
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        <name>GENESIS ENERGY LP</name>
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        <name>Rockies Express Pipeline LLC</name>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
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        <name>Tenet Healthcare Corporation</name>
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        <name>Station Casinos LLC</name>
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        <title>RRR 4.625 12/01/31 144A</title>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
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        <name>Sirius Xm Radio Inc</name>
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        <name>Lamar Media Corp.</name>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
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        <name>TransDigm, Inc.</name>
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        <name>Altice France SAS</name>
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        <name>Taylor Morrison Communities Inc</name>
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        <name>Weatherford International Ltd Bermuda</name>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
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        <name>TransDigm, Inc.</name>
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        <name>AVIS BUDGET CAR RENTAL LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Allison Transmission Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Magnera Corp.</name>
        <lei>549300LDQLQBT38QDY28</lei>
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        <cusip>55939AAA5</cusip>
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          <isin value="US55939AAA51"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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      <invstOrSec>
        <name>Cnx Midstream Partners Lp</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>Mineral Resources Ltd.</name>
        <lei>5299007V1ACKFFX2P066</lei>
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        <curCd>USD</curCd>
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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>Tenet Healthcare Corporation</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>THC 6.125 10/01/28</title>
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        <balance>159000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DISH Network Corporation</name>
        <lei>529900U350CWHH15G169</lei>
        <title>DISH 11.75 11/15/27 144A</title>
        <cusip>25470MAG4</cusip>
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        <balance>234000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>241605.00000000</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>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.75000000</annualizedRt>
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      <invstOrSec>
        <name>UNITI SERVICES LLC</name>
        <lei>549300KT9GVEBYCD2N29</lei>
        <title>UNIT 7.5 10/15/33 144A</title>
        <cusip>97382BAB5</cusip>
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          <isin value="US97382BAB53"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57406.25000000</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>2033-10-15</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>Talos Prodtn Inc</name>
        <lei>549300GZ2DZZE2Y8TX15</lei>
        <title>TALO 9.375 02/01/31 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Altice France SAS</name>
        <lei>5493001ZMCICV4N02J21</lei>
        <title>SFRFP 6.5 04/15/32 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
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        <name>Accendra Health Inc.</name>
        <lei>549300LMT5KQQXCEZ733</lei>
        <title>ACH 6.625 04/01/30 144A</title>
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        <name>Compass Group Diversified Holdings LLC</name>
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        <title>CODI 5 01/15/32 144A</title>
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        <name>Newfold Digital Holdings Group Inc.</name>
        <lei>549300UTQC2651SB0W88</lei>
        <title>EIGI 11.75 10/15/28 144A</title>
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        <name>ICAHN ENTERPRISES LP</name>
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        <title>IEP 4.375 02/01/29</title>
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        <name>Radiology Partners Inc.</name>
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        <title>RADPAR 9.781 02/15/30 144A</title>
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        <name>Goodyear Tire &amp; Rubber Co. The</name>
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        <title>GT 5.25 04/30/31</title>
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        <name>Burford Capital Global Finance LLC</name>
        <lei>549300JVAOO67CSCH406</lei>
        <title>BURLN 9.25 07/01/31 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>TransDigm, Inc.</name>
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        <name>Tenet Healthcare Corporation</name>
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        <name>Axalta Coating Systems LLC</name>
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        <name>Cloud Software Group Inc.</name>
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        <name>Mineral Resources Ltd.</name>
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        <name>Weatherford International Ltd Bermuda</name>
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        <name>Altice France SAS</name>
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        <name>Trinet Group Inc</name>
        <lei>5299003FJVBETSFKE990</lei>
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        <name>SEALED AIR CORP</name>
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        <name>LGI Homes Inc</name>
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        <name>Goodyear Tire &amp; Rubber Co. The</name>
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        <name>WBI Operations LLC</name>
        <lei>254900A83461EGRMOV11</lei>
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        <name>Telecom Italia Capital S.A.</name>
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        <name>GLOBAL PARTNERS LP</name>
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        <name>M/I Homes Inc.</name>
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        <name>Rogers Communications Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>RCICN V7 04/15/55</title>
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        <name>ADT Security Corp.</name>
        <lei>5493009JEEDYLVRA0J13</lei>
        <title>ADT 4.125 08/01/29 144A</title>
        <cusip>00109LAA1</cusip>
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        <name>JANE STREET GROUP LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-01</maturityDt>
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      <invstOrSec>
        <name>SM ENERGY COMPANY</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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          <isin value="US17888HAB96"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>Sirius Xm Radio Inc</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>SIRI 4.125 07/01/30 144A</title>
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          <isin value="US82967NBG25"/>
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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>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Rithm Capital Corp.</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>RITM 8 04/01/29 144A</title>
        <cusip>64828TAB8</cusip>
        <identifiers>
          <isin value="US64828TAB89"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261625.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bausch Plus Lomb Corp.</name>
        <lei>549300NY6OZM39SO6475</lei>
        <title>BLCOCN 8.375 10/01/28 144A</title>
        <cusip>071705AA5</cusip>
        <identifiers>
          <isin value="US071705AA56"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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      <invstOrSec>
        <name>XPO Inc</name>
        <lei>54930096DB9LCLPN7H13</lei>
        <title>XPO 7.125 02/01/32</title>
        <cusip>983793AK6</cusip>
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          <isin value="US983793AK61"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89143.75000000</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>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>HILCORP ENERGY I LP</name>
        <lei>549300ITPIHLG0LHEC09</lei>
        <title>HILCRP 6 02/01/31 144A</title>
        <cusip>431318AV6</cusip>
        <identifiers>
          <isin value="US431318AV64"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102506.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>BIG RIVER STEEL LLC</name>
        <lei>549300FDOTXSG1N4RG27</lei>
        <title>BIGBRS 6.625 01/31/29 144A</title>
        <cusip>08949LAB6</cusip>
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          <isin value="US08949LAB62"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130406.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Clearway Energy Operating LLC</name>
        <lei>549300Z3NFMM54NWBB87</lei>
        <title>CWENA 3.75 02/15/31 144A</title>
        <cusip>18539UAD7</cusip>
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          <isin value="US18539UAD72"/>
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        <balance>147000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139650.00000000</valUSD>
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        <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>3.75000000</annualizedRt>
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        <name>AVIS BUDGET CAR RENTAL LLC</name>
        <lei>XN8R4HH1TVC1XOCL5P21</lei>
        <title>CAR 8 02/15/31 144A</title>
        <cusip>053773BH9</cusip>
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        <curCd>USD</curCd>
        <valUSD>99375.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Directv Financing LLC/Directv Financing Co-Obligor Inc.</name>
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        <title>DTV 8.875 02/01/30 144A</title>
        <cusip>25461LAB8</cusip>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Rogers Communications Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>RCICN V7.125 04/15/55</title>
        <cusip>775109DH1</cusip>
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        <invCountry>CA</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>JEFFERIES FINANCE LLC</name>
        <lei>549300SKVB18YSSIDT75</lei>
        <title>JEFFIN 5 08/15/28</title>
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        <name>United States Steel Corporation</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
        <title>X 6.65 06/01/37</title>
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        <name>Service Corporation International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SCI 4.625 12/15/27</title>
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        <balance>45000.00000000</balance>
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        <name>Travel Plus Leisure Co</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>TNL 4.5 12/01/29 144A</title>
        <cusip>894164AA0</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Spirit AeroSystems Inc</name>
        <lei>ZD2NBKV6GCC3UMGBM518</lei>
        <title>SPR 4.6 06/15/28</title>
        <cusip>85205TAK6</cusip>
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        <balance>132000.00000000</balance>
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        <name>Cornerstone Building Brands Inc</name>
        <lei>549300IW41QEWQ6T0H29</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PBF HOLDING CO LLC</name>
        <lei>549300TILVIIV9FLL461</lei>
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        <valUSD>100750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
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          <isin value="US893647BY22"/>
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        <curCd>USD</curCd>
        <valUSD>229320.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-31</maturityDt>
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        <name>Neptune BidCo US Inc.</name>
        <lei>549300VG15T3VCYZ4531</lei>
        <title>NLSN 9.5 02/15/33 144A</title>
        <cusip>640695AD4</cusip>
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          <isin value="US640695AD40"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78300.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>Directv Financing LLC/Directv Financing Co-Obligor Inc.</name>
        <lei>N/A</lei>
        <title>DTV 5.875 08/15/27 144A</title>
        <cusip>25461LAA0</cusip>
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          <isin value="US25461LAA08"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130487.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>Smyrna Ready Mix Concrete LLC</name>
        <lei>549300S7RFWHQFOIOY93</lei>
        <title>SMYREA 6 11/01/28 144A</title>
        <cusip>85236FAA1</cusip>
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          <isin value="US85236FAA12"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150000.00000000</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>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Crown Americas LLC</name>
        <lei>RPPGGRL1J75WGF2DFO04</lei>
        <title>CCK 5.25 04/01/30</title>
        <cusip>228180AB1</cusip>
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          <isin value="US228180AB14"/>
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        <balance>32000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32880.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Goodyear Tire &amp; Rubber Co. The</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GT 5.25 07/15/31</title>
        <cusip>382550BR1</cusip>
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          <isin value="US382550BR12"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>134225.00000000</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>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Service Corporation International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SCI 5.125 06/01/29</title>
        <cusip>817565CE2</cusip>
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          <isin value="US817565CE22"/>
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        <balance>217000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>218898.75000000</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>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <name>ANTERO MIDSTREAM PARTNERS LP</name>
        <lei>529900HFO1BDEIT4QU11</lei>
        <title>AM 5.375 06/15/29 144A</title>
        <cusip>03690AAH9</cusip>
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          <isin value="US03690AAH95"/>
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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>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>PBF HOLDING CO LLC</name>
        <lei>549300TILVIIV9FLL461</lei>
        <title>PBFENE 9.875 03/15/30 144A</title>
        <cusip>69318FAM0</cusip>
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          <isin value="US69318FAM05"/>
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        <balance>96000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101760.00000000</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>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.87500000</annualizedRt>
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        <name>Matador Resources Company</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>MTDR 6.875 04/15/28 144A</title>
        <cusip>576485AF3</cusip>
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          <isin value="US576485AF30"/>
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        <balance>25000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Harvest Midstream I LP</name>
        <lei>549300DW5M17KJOXCY66</lei>
        <title>HARMID 7.5 09/01/28 144A</title>
        <cusip>417558AA1</cusip>
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          <isin value="US417558AA18"/>
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        <balance>75000.00000000</balance>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>Xerox Holdings Corporation</name>
        <lei>5493000Y33XDVO2CXC18</lei>
        <title>XRX 8.875 11/30/29 144A</title>
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        <balance>60000.00000000</balance>
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          <maturityDt>2029-11-30</maturityDt>
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          <annualizedRt>8.87500000</annualizedRt>
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        <name>AVIS BUDGET CAR RENTAL LLC</name>
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        <title>CAR 5.375 03/01/29 144A</title>
        <cusip>053773BF3</cusip>
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          <isin value="US053773BF30"/>
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        <name>Talos Prodtn Inc</name>
        <lei>549300GZ2DZZE2Y8TX15</lei>
        <title>TALO 9 02/01/29 144A</title>
        <cusip>87485LAD6</cusip>
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        <balance>100000.00000000</balance>
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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>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>Directv Financing LLC/Directv Financing Co-Obligor Inc.</name>
        <lei>N/A</lei>
        <title>DTV 10 02/15/31 144A</title>
        <cusip>25461LAD4</cusip>
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          <isin value="US25461LAD47"/>
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        <balance>401000.00000000</balance>
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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>Global Infrastructure Solutions Inc.</name>
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        <name>TransDigm, Inc.</name>
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        <name>Goodyear Tire &amp; Rubber Co. The</name>
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        <name>Lamar Media Corp.</name>
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        <name>Compass Group Diversified Holdings LLC</name>
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        <name>Amwins Group Inc</name>
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        <name>Charles River Laboratories International, Inc.</name>
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        <name>LBM Acquisition LLC</name>
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        <name>Topbuild Corporation</name>
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        <name>Service Properties Trust</name>
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        <name>Tegna Inc</name>
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        <name>Garda World Security Corporation</name>
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        <name>HILCORP ENERGY I LP</name>
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        <name>Clearway Energy Operating LLC</name>
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        <name>Quikrete Holdings Inc</name>
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        <name>Tenet Healthcare Corporation</name>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
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        <name>Buckeye Partners LP</name>
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        <name>AVIS BUDGET CAR RENTAL LLC</name>
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        <name>Match Group Holdings II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Yum! Brands Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Olin Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Matador Resources Company</name>
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        <name>ROCKET MORTGAGE LLC</name>
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        <name>Service Corporation International</name>
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        <title>SCI 4 05/15/31</title>
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        <name>Cushman &amp; Wakefield U S Borrower LLC</name>
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        <name>Amwins Group Inc</name>
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        <name>CSC Holdings, LLC</name>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC</name>
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        <name>CVR Energy Inc.</name>
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        <title>CVI 5.75 02/15/28 144A</title>
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        <name>Quikrete Holdings Inc</name>
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        <name>ANTERO MIDSTREAM PARTNERS LP</name>
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        <title>AM 5.75 01/15/28 144A</title>
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        <name>Venture Global Plaquemines Lng LLC</name>
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        <title>VEGLPL 6.5 01/15/34 144A</title>
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        <balance>253000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>266756.88000000</valUSD>
        <pctVal>0.196015671623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</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>Asbury Automotive Group, Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>ABG 4.5 03/01/28</title>
        <cusip>043436AU8</cusip>
        <identifiers>
          <isin value="US043436AU81"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99625.00000000</valUSD>
        <pctVal>0.073205464412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>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>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST 4.5 09/15/31 144A</title>
        <cusip>737446AR5</cusip>
        <identifiers>
          <isin value="US737446AR57"/>
        </identifiers>
        <balance>301000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>288960.00000000</valUSD>
        <pctVal>0.212330750278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</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>Olin Corporation</name>
        <lei>549300GKK294V7W57P06</lei>
        <title>OLN 5 02/01/30</title>
        <cusip>680665AK2</cusip>
        <identifiers>
          <isin value="US680665AK27"/>
        </identifiers>
        <balance>134000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130650.00000000</valUSD>
        <pctVal>0.096002950318</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>5.00000000</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>Station Casinos LLC</name>
        <lei>5493004E7Q60TX54WL62</lei>
        <title>RRR 4.5 02/15/28 144A</title>
        <cusip>857691AG4</cusip>
        <identifiers>
          <isin value="US857691AG41"/>
        </identifiers>
        <balance>93000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>93000.00000000</valUSD>
        <pctVal>0.068337346954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</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>Nissan Motor Acceptance Co LLC</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>NSANY 2.45 09/15/28 144A</title>
        <cusip>65480CAD7</cusip>
        <identifiers>
          <isin value="US65480CAD74"/>
        </identifiers>
        <balance>205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192144.55000000</valUSD>
        <pctVal>0.141189771814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</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>LGI Homes Inc</name>
        <lei>549300W02B4WNV8CV109</lei>
        <title>LGIH 4 07/15/29 144A</title>
        <cusip>50187TAF3</cusip>
        <identifiers>
          <isin value="US50187TAF30"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92875.00000000</valUSD>
        <pctVal>0.068245495681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>2026-04-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Goldman Sachs ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Allison Frachiolla</ncom:signature>
      <ncom:signerName>Allison Frachiolla</ncom:signerName>
      <ncom:title>Vice President Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
