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        <name>VZ SECURED FINANCING BV</name>
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        <name>COREWEAVE INC</name>
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        <name>HILCORP ENERGY I LP / HILCORP FINANCE CO</name>
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        <name>LD HOLDINGS GROUP LLC</name>
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        <name>WILLIAMS SCOTSMAN INC</name>
        <lei>549300DAKDS8SCO1OT57</lei>
        <title>WLSC 6.625 06/15/29 144A</title>
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        <name>ONEMAIN FINANCE CORP</name>
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        <name>DELUXE CORP</name>
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        <name>OWENS BROCKWAY GLASS CONTAINER INC</name>
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        <name>FS KKR CAPITAL CORP</name>
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        <name>E.W. SCRIPPS COMPANY (THE)</name>
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        <name>UWM 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>ALBERTSONS COMPANIES INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC</name>
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        <name>CORNERSTONE BUILDING BRANDS INC</name>
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        <name>TEREX CORP</name>
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        <name>GEN DIGITAL INC</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 / ARCHROCK PARTNERS FINANCE CORP</name>
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        <name>RESIDEO FUNDING INC</name>
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        <name>OLIN CORP</name>
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        <name>AZORRA FINANCE LTD</name>
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        <name>KODIAK GAS SERVICES LLC</name>
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        <name>CREDIT ACCEPTANCE CORP</name>
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        <name>FREEDOM MORTGAGE HOLDINGS LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JONES DESLAURIERS INSURANCE MANAGEMENT INC</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CLEAR CHANNEL OUTDOOR HOLDINGS INC</name>
        <lei>254900XBEE6V1ENYS150</lei>
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        <cusip>18453HAD8</cusip>
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        <curCd>USD</curCd>
        <valUSD>142355.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ONEMAIN FINANCE CORP</name>
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        <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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        <valUSD>234569.97000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
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      <invstOrSec>
        <name>ALBERTSONS COMPANIES INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC</name>
        <lei>N/A</lei>
        <title>ACI 6.5 02/15/28 144A</title>
        <cusip>01309QAA6</cusip>
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          <isin value="US01309QAA67"/>
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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>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>MGM RESORTS INTERNATIONAL</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM 4.75 10/15/28</title>
        <cusip>552953CH2</cusip>
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          <isin value="US552953CH22"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69503.00000000</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>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <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>31000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29721.25000000</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>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <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>148000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>141895.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>FORTRESS TRANSPORTATION AND INFRASTRUCTURE INVESTORS LLC</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FTAI 7 05/01/31 144A</title>
        <cusip>34960PAF8</cusip>
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          <isin value="US34960PAF80"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129943.06000000</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>2031-05-01</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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        <name>BRIGHTSTAR LOTTERY PLC</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
        <title>BRSL 5.25 01/15/29 144A</title>
        <cusip>460599AE3</cusip>
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          <isin value="US460599AE31"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ARCOSA INC</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>ACA 6.875 08/15/32 144A</title>
        <cusip>039653AC4</cusip>
        <identifiers>
          <isin value="US039653AC46"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88164.08000000</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>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CENTRAL PARENT LLC / CENTRAL MERGER SUB INC</name>
        <lei>N/A</lei>
        <title>CDK 7.25 06/15/29 144A</title>
        <cusip>15477CAA3</cusip>
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        <balance>113000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SCIENTIFIC GAMES HOLDINGS LP / SCIENTIFIC GAMES US FINCO INC</name>
        <lei>N/A</lei>
        <title>SCGALO 6.625 03/01/30 144A</title>
        <cusip>80874DAA4</cusip>
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          <isin value="US80874DAA46"/>
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        <balance>50000.00000000</balance>
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        <name>SABRE GLBL INC</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
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        <name>KODIAK GAS SERVICES LLC</name>
        <lei>549300ZQBRWEUOVOM131</lei>
        <title>KGS 6.75 10/01/35 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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        <balance>77000.00000000</balance>
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        <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>9.50000000</annualizedRt>
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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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        <balance>187000.00000000</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>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>BLOCK INC</name>
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        <name>RHP HOTEL PROPERTIES LP / RHP FINANCE CORP</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>VENTURE GLOBAL LNG INC</name>
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        <name>SABRE GLBL INC</name>
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        <name>HOWARD MIDSTREAM ENERGY PARTNERS LLC</name>
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        <name>AXON ENTERPRISE INC</name>
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        <name>MGM RESORTS INTERNATIONAL</name>
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        <name>LCM INVESTMENTS HOLDINGS II LLC</name>
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        <name>GOTO GROUP INC</name>
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        <name>CHART INDUSTRIES INC</name>
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        <name>ENOVA INTERNATIONAL INC</name>
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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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        <fairValLevel>2</fairValLevel>
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        <assetCat>DBT</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>VENTURE GLOBAL LNG INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TERRAFORM POWER OPERATING LLC</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MATADOR RESOURCES COMPANY</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>UNITED RENTALS (NORTH AMERICA) INC</name>
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        <title>URI 3.875 02/15/31</title>
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        <balance>206000.00000000</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RHP HOTEL PROPERTIES LP / RHP FINANCE CORP</name>
        <lei>N/A</lei>
        <title>RHP 4.5 02/15/29 144A</title>
        <cusip>749571AG0</cusip>
        <identifiers>
          <isin value="US749571AG03"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93218.75000000</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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>AMERICAN AIRLINES INC</name>
        <lei>N/A</lei>
        <title>AAL 7.25 02/15/28 144A</title>
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        <balance>216000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>219645.00000000</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>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>CASCADES INC / CASCADES USA INC</name>
        <lei>N/A</lei>
        <title>CASCN 5.375 01/15/28 144A</title>
        <cusip>14739LAB8</cusip>
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          <isin value="US14739LAB80"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119433.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <name>MGM RESORTS INTERNATIONAL</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM 6.125 09/15/29</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SUNOCO LP</name>
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        <title>SUN 4.5 04/30/30</title>
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        <curCd>USD</curCd>
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        <name>RYAN SPECIALTY LLC</name>
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        <title>RYASPE 5.875 08/01/32 144A</title>
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        <name>CASCADES INC / CASCADES USA INC</name>
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        <title>CASCN 6.75 07/15/30 144A</title>
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        <name>HILCORP ENERGY I LP / HILCORP FINANCE CO</name>
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        <title>HILCRP 8.375 11/01/33 144A</title>
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        <name>COINBASE GLOBAL INC</name>
        <lei>5493004G3J2SC154DU06</lei>
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        <name>VENTURE GLOBAL LNG INC</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENLNG 7 01/15/30 144A</title>
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        <name>DISCOVERY GLOBAL HOLDINGS INC</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WBD 4.054 03/15/29 *</title>
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        <name>TRANSOCEAN INTERNATIONAL LTD</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
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        <curCd>USD</curCd>
        <valUSD>101325.00000000</valUSD>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.80000000</annualizedRt>
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      <invstOrSec>
        <name>WEEKLEY HOMES LLC / WEEKLEY FINANCE CORP</name>
        <lei>N/A</lei>
        <title>WEEKHM 6.75 01/15/34 144A</title>
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          <isin value="US948565AF34"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98684.35000000</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>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CARNIVAL CORP LTD</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>CCL 5.125 05/01/29 144A</title>
        <cusip>143658CB6</cusip>
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          <isin value="US143658CB65"/>
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        <balance>92000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>92057.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>VENTURE GLOBAL LNG INC</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENLNG 9.5 02/01/29 144A</title>
        <cusip>92332YAC5</cusip>
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          <isin value="US92332YAC57"/>
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        <balance>307000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>334790.25000000</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>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>VIKING CRUISES LTD</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>VIKCRU 7 02/15/29 144a</title>
        <cusip>92676XAF4</cusip>
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          <isin value="US92676XAF42"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>295553.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>BROOKFIELD RESIDENTIAL US LLC/BROOKFIELD RESIDENTIAL PROPERTIES INC</name>
        <lei>N/A</lei>
        <title>BRPCN 6.25 09/15/27 144A</title>
        <cusip>11283YAB6</cusip>
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          <isin value="US11283YAB65"/>
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        <balance>37000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37092.50000000</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>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>ASHLAND INC</name>
        <lei>529900E4L9R04SB8HB11</lei>
        <title>ASH 6.875 05/15/43</title>
        <cusip>044209AM6</cusip>
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          <isin value="US044209AM68"/>
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        <balance>97000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96878.75000000</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>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>TRI POINTE HOMES INC</name>
        <lei>N/A</lei>
        <title>TPH 5.25 06/01/27</title>
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          <isin value="US87265HAF64"/>
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        <balance>101000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101126.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>ONEMAIN FINANCE CORP</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 7.125 11/15/31</title>
        <cusip>682691AG5</cusip>
        <identifiers>
          <isin value="US682691AG50"/>
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        <balance>69000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69924.60000000</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>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</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>
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          <isin value="US46206AAC62"/>
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        <balance>100000.00000000</balance>
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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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          <couponKind>Fixed</couponKind>
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        <name>PERFORMANCE FOOD GROUP INC</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>PFGC 5.625 03/01/34 144A</title>
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          <isin value="US71376LAH33"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TRANSOCEAN INTERNATIONAL LTD</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>RIG 7.875 10/15/32 144A</title>
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          <isin value="US893814AA10"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NGL ENERGY OPERATING LLC</name>
        <lei>5493008CQD36WWZJ3O79</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>1011778 B.C. ULC / NEW RED FINANCE INC</name>
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          <isin value="US68245XAR08"/>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>OSAIC HOLDINGS INC</name>
        <lei>549300XL60BDV6UW5C86</lei>
        <title>ADVGRO 6.75 08/01/32 144A</title>
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        <name>VIRGIN MEDIA FINANCE PLC</name>
        <lei>2138001LVYC87DDHT482</lei>
        <title>VMED 5 07/15/30 144A</title>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
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        <name>MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP</name>
        <lei>N/A</lei>
        <title>MPW 5 10/15/27</title>
        <cusip>55342UAH7</cusip>
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        <curCd>USD</curCd>
        <valUSD>97562.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
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        <name>GLOBAL INFRASTRUCTURE SOLUTIONS INC</name>
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          <isin value="US37960XAA54"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NISSAN MOTOR CO LTD</name>
        <lei>353800DRBDH1LUTNAY26</lei>
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          <isin value="US654744AD34"/>
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        <curCd>USD</curCd>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-17</maturityDt>
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        <name>BAUSCH HEALTH COMPANIES INC</name>
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        <title>BHCCN 5.25 02/15/31 144A</title>
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          <isin value="US071734AL17"/>
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        <curCd>USD</curCd>
        <valUSD>17250.00000000</valUSD>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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        <name>CHS/COMMUNITY HEALTH SYSTEMS INC</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CYH 4.75 02/15/31 144A</title>
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          <isin value="US12543DBK54"/>
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        <curCd>USD</curCd>
        <valUSD>88440.00000000</valUSD>
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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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        <name>HILTON DOMESTIC OPERATING COMPANY INC</name>
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        <title>HLT 4 05/01/31 144A</title>
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          <isin value="US432833AL52"/>
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        <balance>244000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231647.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>ATI INC</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ATI 7.25 08/15/30</title>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51884.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
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        <name>DISCOVERY GLOBAL HOLDINGS INC</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WBD 5.05 03/15/42 *</title>
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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 12/01/31 144A</title>
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        <name>ONEMAIN FINANCE CORP</name>
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        <title>OMF 5.375 11/15/29</title>
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        <name>CLEAN HARBORS INC</name>
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        <title>CLH 6.375 02/01/31 144A</title>
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        <name>US FOODS INC</name>
        <lei>5493000JOOFAOUY1JZ87</lei>
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        <name>LD HOLDINGS GROUP LLC</name>
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        <name>OSAIC HOLDINGS INC</name>
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        <title>ADVGRO 8 08/01/33 144A</title>
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        <name>WESCO DISTRIBUTION INC</name>
        <lei>549300I2CEZJG9N4AH67</lei>
        <title>WCC 6.625 03/15/32 144A</title>
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        <name>MILLROSE PROPERTIES INC</name>
        <lei>N/A</lei>
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        <name>1011778 B.C. ULC / NEW RED FINANCE INC</name>
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        <name>WESCO DISTRIBUTION INC</name>
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        <name>CHOBANI LLC / CHOBANI FINANCE CORP INC</name>
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        <name>CAESARS ENTERTAINMENT INC</name>
        <lei>549300FA4CTCW903Y781</lei>
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        <name>BAUSCH HEALTH COMPANIES INC</name>
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        <name>ATI INC</name>
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        <name>MADISON IAQ LLC</name>
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        <name>ONEMAIN FINANCE CORP</name>
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        <name>HILTON GRAND VACATIONS BORROWER ESCROW LLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-30</maturityDt>
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        <name>WESCO DISTRIBUTION INC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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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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          <isin value="US35641AAB44"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
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        <name>HILTON DOMESTIC OPERATING COMPANY INC</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HLT 3.625 02/15/32 144A</title>
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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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          <isin value="US683720AA42"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CHS/COMMUNITY HEALTH SYSTEMS INC</name>
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        <title>CYH 6 01/15/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ENCOMPASS HEALTH CORP</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>EHC 4.75 02/01/30</title>
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        <fairValLevel>2</fairValLevel>
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        <name>MADISON IAQ LLC</name>
        <lei>549300IXDNBXNHUPBU73</lei>
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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 / CHOBANI FINANCE CORP INC</name>
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        <name>NEWELL BRANDS INC</name>
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        <title>NWL 7.5 04/01/46</title>
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        <name>GFL ENVIRONMENTAL INC</name>
        <lei>894500E7NLBY9VZRT696</lei>
        <title>GFLCN 4 08/01/28 144A</title>
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        <invCountry>CA</invCountry>
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        <name>ACRISURE LLC / ACRISURE FINANCE INC</name>
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        <title>ACRISU 6 08/01/29 144A</title>
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        <name>DISH DBS CORP</name>
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        <name>JELD-WEN INC</name>
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        <name>ECHOSTAR CORP</name>
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        <title>SATS 6.75 11/30/30</title>
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        <name>BOYD GAMING CORP</name>
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        <name>HUDSON PACIFIC PROPERTIES LP</name>
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        <title>HPP 3.25 01/15/30</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>ARCHES BUYER INC</name>
        <lei>2549009ADY4208OH2Y47</lei>
        <title>ACOM 6.125 12/01/28 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>IRON MOUNTAIN INC (REIT)</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 4.5 02/15/31 144A</title>
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        <name>HIGHTOWER HOLDING LLC</name>
        <lei>254900MKOSB7RTMA9K12</lei>
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        <name>CARNIVAL CORP LTD</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>CCL 5.875 06/15/31 144A</title>
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        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>MAGNERA CORP</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>MAGN 4.75 11/15/29 144A</title>
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        <name>SOMNIGROUP INTERNATIONAL INC</name>
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        <title>SGI 3.875 10/15/31 144A</title>
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        <name>FS KKR CAPITAL CORP</name>
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        <title>FSK 6.125 01/15/31</title>
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        <name>HILTON DOMESTIC OPERATING COMPANY INC</name>
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        <title>HLT 5.875 04/01/29 144A</title>
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        <name>GEN DIGITAL INC</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
        <title>GEN 6.75 09/30/27 144A</title>
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        <name>HUDSON PACIFIC PROPERTIES LP</name>
        <lei>5493007NTUGLGZ8T3526</lei>
        <title>HPP 4.65 04/01/29</title>
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        <name>WHIRLPOOL CORP</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>WHR 5.15 03/01/43 MTN</title>
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        <name>CAESARS ENTERTAINMENT INC</name>
        <lei>549300FA4CTCW903Y781</lei>
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        <name>CLARIVATE SCIENCE HOLDINGS CORP</name>
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        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
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        <name>AADVANTAGE LOYALTY IP LTD / AMERICAN AIRLINES INC</name>
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        <name>SINCLAIR TELEVISION GROUP INC</name>
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        <name>ZAYO GROUP HOLDINGS INC</name>
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        <name>MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP</name>
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        <name>ARCHES BUYER INC</name>
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        <name>PARK INTERMEDIATE HOLDINGS LLC / PK DOMESTRIC PROPERTY LLC / PK FINANCE CO-ISSUER INC</name>
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        <name>IRON MOUNTAIN INC (REIT)</name>
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        <name>SS&amp;C TECHNOLOGIES INC</name>
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        <name>WYNN RESORTS FINANCE LLC</name>
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        <name>COMMUNITY HEALTH SYSTEMS INC</name>
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        <name>LUMEN TECHNOLOGIES INC</name>
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        <name>CITIBANK NA</name>
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        <name>1011778 B.C. ULC / NEW RED FINANCE INC</name>
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        <name>COREWEAVE INC</name>
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        <name>CRESCENT ENERGY FINANCE LLC</name>
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        <name>US FOODS INC</name>
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        <name>WESCO DISTRIBUTION INC</name>
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        <name>MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP</name>
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        <name>BAUSCH HEALTH COMPANIES INC</name>
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        <name>EUSHI FINANCE INC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ADAPTHEALTH LLC</name>
        <lei>549300SN58QQ28RVWE26</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>COMSTOCK RESOURCES INC</name>
        <lei>I03QQGEA4SS774AURI46</lei>
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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>PARAMOUNT GLOBAL</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>PARA V6.25 02/28/57</title>
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        <balance>24000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COGENT COMMUNICATIONS GROUP LLC / COGENT FINANCE INC</name>
        <lei>549300KFWFYF8Q1U0Y26</lei>
        <title>CCOI 7 06/15/27 144a</title>
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        <fairValLevel>2</fairValLevel>
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        <name>VIASAT INC</name>
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        <title>VSAT 6.5 07/15/28 144A</title>
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        <name>CHS/COMMUNITY HEALTH SYSTEMS INC</name>
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        <title>CYH 5.25 05/15/30 144A</title>
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        <name>ASHTON WOODS USA LLC</name>
        <lei>N/A</lei>
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        <name>FLASH COMPUTE LLC</name>
        <lei>N/A</lei>
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        <name>GO DADDY OPERATING COMPANY LLC / GD FINANCE COMPANY INC</name>
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        <name>DISH DBS CORP</name>
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        <name>CLEVELAND-CLIFFS INC</name>
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        <name>RHP HOTEL PROPERTIES LP / RHP FINANCE CORP</name>
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        <name>DISCOVERY GLOBAL HOLDINGS INC</name>
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        <name>CHS/COMMUNITY HEALTH SYSTEMS INC</name>
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        <name>SHEA HOMES LP</name>
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        <name>KRAKEN OIL &amp; GAS PARTNERS LLC</name>
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        <name>NEW HOME COMPANY INC (THE)</name>
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        <name>COMSTOCK RESOURCES INC</name>
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        <name>NISSAN MOTOR ACCEPTANCE COMPANY LLC</name>
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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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        <fairValLevel>2</fairValLevel>
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        <name>NRG ENERGY INC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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        <name>GFL ENVIRONMENTAL INC</name>
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          <isin value="US36168QAQ73"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>NEWELL BRANDS INC</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NWL 6.375 09/15/27</title>
        <cusip>651229BC9</cusip>
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          <isin value="US651229BC91"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76013.29000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
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        <name>CELANESE US HOLDINGS LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>CE 7.165 07/15/27</title>
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          <isin value="US15089QAM69"/>
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        <balance>336000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>343902.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NEWELL BRANDS INC</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NWL 6.625 09/15/29</title>
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          <isin value="US651229BD74"/>
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        <balance>98000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98204.92000000</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>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STANDARD BUILDING SOLUTIONS INC</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>BMCAUS 3.375 01/15/31 144A</title>
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          <isin value="US853496AH04"/>
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        <balance>258000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>235195.77000000</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>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>HLF FINANCING SARL LLC / HERBALIFE INTERNATIONAL INC</name>
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          <isin value="US40390DAC92"/>
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        <balance>129000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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        <name>NISSAN MOTOR ACCEPTANCE COMPANY LLC</name>
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        <title>NSANY 7.05 09/15/28 144A</title>
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        <name>SINCLAIR TELEVISION GROUP INC</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>SBGI 9.75 02/15/33 144A</title>
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        <name>SUNOCO LP</name>
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        <name>FORESTAR GROUP INC</name>
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        <name>RAKUTEN GROUP INC</name>
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        <invCountry>JP</invCountry>
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        <name>PARK RIVER HOLDINGS INC</name>
        <lei>254900PGY077KWCROT75</lei>
        <title>PRIMBP 8 03/15/31 144A</title>
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        <name>PARK RIVER HOLDINGS INC</name>
        <lei>254900PGY077KWCROT75</lei>
        <title>PRIMBP 8.75 12/31/30 144A</title>
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        <name>VIASAT INC</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VSAT 7.5 05/30/31 144A</title>
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        <balance>59000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>432000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>454227.91000000</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>2034-01-15</maturityDt>
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          <annualizedRt>9.75000000</annualizedRt>
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      <invstOrSec>
        <name>SINCLAIR TELEVISION GROUP INC</name>
        <lei>549300CQGEN0CH65UD62</lei>
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        <cusip>829259BH2</cusip>
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          <isin value="US829259BH26"/>
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        <balance>43000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44182.50000000</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>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA RESOURCES CORP</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>CRC 7 01/15/34 144A</title>
        <cusip>13057QAL1</cusip>
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          <isin value="US13057QAL14"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110874.56000000</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>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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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          <isin value="US853496AG21"/>
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        <balance>133000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127202.33000000</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>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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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          <isin value="US00175PAC77"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106414.28000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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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          <isin value="US86765KAJ88"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>263587.50000000</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>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HILTON DOMESTIC OPERATING COMPANY INC</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HLT 4.875 01/15/30</title>
        <cusip>432833AF8</cusip>
        <identifiers>
          <isin value="US432833AF84"/>
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        <balance>139000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137783.75000000</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>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CQP HOLDCO LP / BIP-V CHINOOK HOLDCO LLC</name>
        <lei>N/A</lei>
        <title>BLKCQP 5.5 06/15/31</title>
        <cusip>12657NAA8</cusip>
        <identifiers>
          <isin value="US12657NAA81"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>365143.75000000</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>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HLF FINANCING SARL LLC / HERBALIFE INTERNATIONAL INC</name>
        <lei>N/A</lei>
        <title>HLF 7.75 05/01/33 144A</title>
        <cusip>40390DAE5</cusip>
        <identifiers>
          <isin value="US40390DAE58"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50687.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>NRG ENERGY INC</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 5.75 07/15/29 144A</title>
        <cusip>629377CY6</cusip>
        <identifiers>
          <isin value="US629377CY66"/>
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        <balance>294000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294026.75000000</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>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>
        <identifiers>
          <isin value="US74112BAM72"/>
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        <balance>116000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106647.50000000</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>2031-04-01</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>
        <identifiers>
          <isin value="US588056BC44"/>
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        <balance>63000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31537.23000000</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>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.87500000</annualizedRt>
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        <name>LIFEPOINT HEALTH INC</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>RGCARE 7 05/01/34 144A</title>
        <cusip>53219LBA6</cusip>
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          <isin value="US53219LBA61"/>
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        <balance>50000.00000000</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>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>UNITI SERVICES LLC / WINDSTREAM FINANCE CORP</name>
        <lei>N/A</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>248466.09000000</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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</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>281000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261361.61000000</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>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>KAISER ALUMINUM CORP</name>
        <lei>N/A</lei>
        <title>KALU 4.5 06/01/31 144A</title>
        <cusip>483007AL4</cusip>
        <identifiers>
          <isin value="US483007AL48"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143724.30000000</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>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142858.62000000</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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        <name>AMN HEALTHCARE INC</name>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
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        <name>HOWARD HUGHES CORP (THE)</name>
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        <name>NISSAN MOTOR ACCEPTANCE COMPANY LLC</name>
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        <name>SCOTTS MIRACLE-GRO COMPANY (THE)</name>
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        <name>MARRIOTT OWNERSHIP RESORTS INC</name>
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        <name>HUB INTERNATIONAL LTD</name>
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        <name>ASURION LLC / ASURION CO-ISSUER INC</name>
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        <name>SEAGATE DATA STORAGE TECHNOLOGY PTE LTD</name>
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        <name>KRONOS ACQUISITION HOLDINGS INC</name>
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        <name>AMC GLOBAL MEDIA INC</name>
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        <name>1261229 B.C. LTD</name>
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        <name>UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAP LLC</name>
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        <name>ARDAGH GROUP SA</name>
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        <name>NRG ENERGY INC</name>
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        <name>LITHIA MOTORS INC</name>
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        <name>KOHL'S CORP</name>
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        <name>HOWARD HUGHES CORP (THE)</name>
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        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
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        <name>WHIRLPOOL CORP</name>
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        <name>NAVIENT CORP</name>
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        <name>MOHEGAN ESCROW ISSUER LLC</name>
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        <name>POST HOLDINGS INC</name>
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        <name>LIVE NATION ENTERTAINMENT INC</name>
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        <name>HUB INTERNATIONAL LTD</name>
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        <name>SENSATA TECHNOLOGIES INC</name>
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        <name>KRONOS ACQUISITION HOLDINGS INC</name>
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        <name>ACRISURE LLC / ACRISURE FINANCE INC</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GRAY MEDIA INC</name>
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        <title>GTN 5.375 11/15/31 144A</title>
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        <balance>177000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127661.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>BAUSCH HEALTH COMPANIES INC</name>
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        <title>BHCCN 5.25 01/30/30 144A</title>
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        <curCd>USD</curCd>
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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>NEW ENTERPRISE STONE &amp; LIME CO INC</name>
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        <title>NEENST 5.25 07/15/28 144A</title>
        <cusip>644274AH5</cusip>
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        <balance>68000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67675.64000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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        <name>LITHIA MOTORS INC</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>LAD 3.875 06/01/29 144A</title>
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        <curCd>USD</curCd>
        <valUSD>100931.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>BRANDYWINE OPERATING PARTNERSHIP LP</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>BDN 3.95 11/15/27</title>
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        <balance>73000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>FERRELLGAS FINANCE CORP</name>
        <lei>549300EW667UKOZLEW85</lei>
        <title>FGP 9.25 01/15/31 144A</title>
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        <name>R.R. DONNELLEY &amp; SONS COMPANY</name>
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        <name>BLUE RACER MIDSTREAM LLC</name>
        <lei>N/A</lei>
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        <name>BRANDYWINE OPERATING PARTNERSHIP LP</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>BDN 4.55 10/01/29</title>
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        <name>GFL ENVIRONMENTAL HOLDINGS (US) INC</name>
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        <name>WAYFAIR LLC</name>
        <lei>549300CTUWTZGOXMYI40</lei>
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        <name>DIVERSIFIED HEALTHCARE TRUST</name>
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        <title>DHC 4.375 03/01/31</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>ACADIA HEALTHCARE COMPANY INC</name>
        <lei>5493005CW985Y9D0NC11</lei>
        <title>ACHC 7.375 03/15/33 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
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        <name>NORDSTROM INC</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>JWN 5 01/15/44</title>
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        <curCd>USD</curCd>
        <valUSD>126195.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>VIRGIN MEDIA SECURED FINANCE PLC</name>
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        <curCd>USD</curCd>
        <valUSD>442425.00000000</valUSD>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ACRISURE LLC / ACRISURE FINANCE INC</name>
        <lei>N/A</lei>
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          <isin value="US00489LAL71"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190075.34000000</valUSD>
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        <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>211000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>153238.75000000</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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>CP ATLAS BUYER INC</name>
        <lei>2549006ZZ07G0NDDCR36</lei>
        <title>AMBATH 12.75 01/15/31 144A</title>
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          <isin value="US12597YAD13"/>
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        <balance>61600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46508.00000000</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>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.75000000</annualizedRt>
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        <name>GFL ENVIRONMENTAL INC</name>
        <lei>894500E7NLBY9VZRT696</lei>
        <title>GFLCN 4.375 08/15/29 144A</title>
        <cusip>36168QAP9</cusip>
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          <isin value="US36168QAP90"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97465.45000000</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>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <name>NISSAN MOTOR ACCEPTANCE COMPANY LLC</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>NSANY 6.125 09/30/30 144A</title>
        <cusip>65480CAL9</cusip>
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          <isin value="US65480CAL90"/>
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        <balance>212000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209410.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-30</maturityDt>
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        <name>NCL CORP LTD</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCLH 5.875 01/15/31 144A</title>
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        <balance>127000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>CHEMOURS COMPANY (THE)</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>64000.00000000</balance>
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        <valUSD>64000.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>TENET HEALTHCARE CORP</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>THC 5.125 11/01/27</title>
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        <valUSD>118925.63000000</valUSD>
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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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        <name>NCR VOYIX CORP</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>VYX 5.125 04/15/29 144A</title>
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        <name>MUVICO LLC</name>
        <lei>N/A</lei>
        <title>AMC 15 02/19/29 144A</title>
        <cusip>62844JAE8</cusip>
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        <balance>28000.00000000</balance>
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        <name>MURPHY OIL CORP</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
        <title>MUR 6 10/01/32</title>
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        <name>FIRSTCASH INC</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FCFS 4.625 09/01/28 144A</title>
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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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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CONNECT FINCO SARL / CONNECT US FINCO LLC</name>
        <lei>N/A</lei>
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        <cusip>20752TAB0</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>CROSSCOUNTRY INTERMEDIATE HOLDCO LLC</name>
        <lei>N/A</lei>
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          <isin value="US22757VAB62"/>
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        <balance>114000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110007.55000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
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        <name>BREAD FINANCIAL HOLDINGS INC</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>BFH V8.375 06/15/35 144A</title>
        <cusip>018581AQ1</cusip>
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          <isin value="US018581AQ17"/>
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        <balance>119000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124673.74000000</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>2035-06-15</maturityDt>
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        <name>ANYWHERE REAL ESTATE GROUP LLC / ANYWHERE CO-ISSUER CORP</name>
        <lei>N/A</lei>
        <title>HOUS 9.75 04/15/30 144A</title>
        <cusip>75606DAV3</cusip>
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          <isin value="US75606DAV38"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53783.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>MPH ACQUISITION HOLDINGS LLC</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MLTPLN 11.5 12/31/30 144A</title>
        <cusip>553283AF9</cusip>
        <identifiers>
          <isin value="US553283AF90"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46000.00000000</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>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.50000000</annualizedRt>
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      <invstOrSec>
        <name>MOLINA HEALTHCARE INC</name>
        <lei>549300NQQCEQ46YHZ591</lei>
        <title>MOH 3.875 11/15/30 144A</title>
        <cusip>60855RAK6</cusip>
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          <isin value="US60855RAK68"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>343281.19000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>ROCKET MORTGAGE LLC / ROCKET MORTGAGE CO-ISSUER INC</name>
        <lei>N/A</lei>
        <title>RKT 4 10/15/33 144A</title>
        <cusip>77313LAB9</cusip>
        <identifiers>
          <isin value="US77313LAB99"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>179500.00000000</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>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <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>37538.52000000</valUSD>
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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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        <name>ORGANON &amp; COMPANY</name>
        <lei>549300AMCKY57OK2CO56</lei>
        <title>OGN 5.125 04/30/31 144A</title>
        <cusip>68622TAB7</cusip>
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        <balance>436000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-30</maturityDt>
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        <name>TKC HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>TKCHOL 12 02/15/31 144A</title>
        <cusip>87256YAG8</cusip>
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          <isin value="US87256YAG89"/>
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        <name>ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP</name>
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        <title>IEP 5.25 05/15/27</title>
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        <name>MPH ACQUISITION HOLDINGS LLC</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MLTPLN 6.75 03/31/31 144A</title>
        <cusip>553283AE2</cusip>
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        <name>ACRISURE LLC / ACRISURE FINANCE INC</name>
        <lei>N/A</lei>
        <title>ACRISU 6.75 07/01/32 144A</title>
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          <isin value="US004961AA64"/>
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        <name>ION PLATFORM FINANCE US INC</name>
        <lei>213800FKHT3BRRKMCC89</lei>
        <title>IONPLA 9 08/01/29 144A</title>
        <cusip>46206AAF9</cusip>
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        <name>GOEASY LTD</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>GSYCN 9.25 12/01/28 144A</title>
        <cusip>380355AH0</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KINETIK HOLDINGS LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BUCKEYE PARTNERS LP</name>
        <lei>549300C1PQJLVEIUBK50</lei>
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        <curCd>USD</curCd>
        <valUSD>75209.32000000</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>2044-10-15</maturityDt>
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      <invstOrSec>
        <name>HERTZ CORP (THE)</name>
        <lei>549300PD0C69OJ0NLB27</lei>
        <title>HTZ 5 12/01/29 144A</title>
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          <isin value="US428040DB25"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22250.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>TRINET GROUP INC</name>
        <lei>5299003FJVBETSFKE990</lei>
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        <cusip>896288AA5</cusip>
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          <isin value="US896288AA51"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93875.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>INEOS FINANCE PLC</name>
        <lei>2138002D68XDR4LZCG32</lei>
        <title>INEGRP 6.75 05/15/28 144A</title>
        <cusip>44984WAH0</cusip>
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          <isin value="US44984WAH07"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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        <name>NOVA CHEMICALS CORP</name>
        <lei>549300ZOD6N7RI2FJP09</lei>
        <title>NCX 9 02/15/30 144A</title>
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        <balance>194000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204447.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>SABRE FINANCIAL BORROWER LLC</name>
        <lei>N/A</lei>
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          <isin value="US78573XAA81"/>
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        <balance>124000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129134.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CDI ESCROW ISSUER INC</name>
        <lei>N/A</lei>
        <title>CHDN 5.75 04/01/30 144A</title>
        <cusip>12511VAA6</cusip>
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          <isin value="US12511VAA61"/>
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        <balance>216000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216000.00000000</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>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>UNITED RENTALS (NORTH AMERICA) INC</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>URI 5.375 11/15/33 144A</title>
        <cusip>911365BS2</cusip>
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          <isin value="US911365BS20"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99201.45000000</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>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <name>TKC HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>TKCHOL 8.5 08/15/30 144A</title>
        <cusip>87256YAE3</cusip>
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          <isin value="US87256YAE32"/>
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        <balance>58000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59428.66000000</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>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>BEAZER HOMES USA INC</name>
        <lei>549300DUPYT2T0F60I45</lei>
        <title>BZH 7.5 03/15/31 144A</title>
        <cusip>07556QBU8</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>PG&amp;E CORP</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PCG 5.25 07/01/30</title>
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        <name>MPH ACQUISITION HOLDINGS LLC</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MLTPLN 5.75 12/31/30 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>LIFEPOINT HEALTH INC</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>RGCARE 10 06/01/32 144A</title>
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          <isin value="US53219LAX73"/>
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        <fairValLevel>2</fairValLevel>
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        <name>STATION CASINOS LLC</name>
        <lei>5493004E7Q60TX54WL62</lei>
        <title>RRR 6.625 03/15/32 144A</title>
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        <balance>85000.00000000</balance>
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        <name>ANYWHERE REAL ESTATE GROUP LLC / ANYWHERE CO-ISSUER CORP</name>
        <lei>N/A</lei>
        <title>HOUS 7 04/15/30 144A</title>
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        <name>LEVEL 3 FINANCING INC</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>LVLT 6.875 06/30/33 144A</title>
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        <balance>235000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-30</maturityDt>
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      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US33767DAF24"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENTRAL GARDEN &amp; PET COMPANY</name>
        <lei>5493004DVZLD37DJ0H83</lei>
        <title>CENT 5.125 02/01/28</title>
        <cusip>153527AM8</cusip>
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          <isin value="US153527AM88"/>
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        <balance>199000.00000000</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>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TRANSDIGM INC</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 4.625 01/15/29</title>
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          <isin value="US893647BP15"/>
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        <balance>199000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196512.50000000</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>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>TRONOX INC</name>
        <lei>549300EPZ4YXC7E5P181</lei>
        <title>TROX 9.125 09/30/30 144A</title>
        <cusip>897051AD0</cusip>
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          <isin value="US897051AD02"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65789.69000000</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>2030-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</annualizedRt>
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      <invstOrSec>
        <name>CLOUD SOFTWARE GROUP HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>TIBX 6.5 03/31/29 144A</title>
        <cusip>88632QAE3</cusip>
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          <isin value="US88632QAE35"/>
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        <balance>573000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>570508.88000000</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>2029-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>NOVELIS CORP</name>
        <lei>549300G5F3W3B52WYL23</lei>
        <title>HNDLIN 4.75 01/30/30 144A</title>
        <cusip>670001AE6</cusip>
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          <isin value="US670001AE60"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140272.93000000</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>2030-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>BLACK PEARL COMPUTE LLC</name>
        <lei>N/A</lei>
        <title>BLKPRL 6.125 02/15/31 144A</title>
        <cusip>09216NAA8</cusip>
        <identifiers>
          <isin value="US09216NAA81"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274726.89000000</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>UNITED RENTALS (NORTH AMERICA) INC</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>URI 5.25 01/15/30</title>
        <cusip>911365BL7</cusip>
        <identifiers>
          <isin value="US911365BL76"/>
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        <balance>72000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72450.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>RAKUTEN GROUP INC</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>RAKUTN V8.125 PERP 144A</title>
        <cusip>75102WAM0</cusip>
        <identifiers>
          <isin value="US75102WAM01"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206250.00000000</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>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
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      <invstOrSec>
        <name>ALLIANT HOLDINGS INTERMEDIATE LLC / ALLIANT HOLDINGS CO-ISSUER INC</name>
        <lei>N/A</lei>
        <title>ALIANT 6.75 04/15/28 144A</title>
        <cusip>01883LAE3</cusip>
        <identifiers>
          <isin value="US01883LAE39"/>
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        <balance>89000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89742.79000000</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>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <name>KB HOME</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KBH 4 06/15/31</title>
        <cusip>48666KAZ2</cusip>
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          <isin value="US48666KAZ21"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93250.00000000</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>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PRAIRIE ACQUIROR LP</name>
        <lei>254900Q6KU2LVSIISH22</lei>
        <title>TGE 9 08/01/29 144A</title>
        <cusip>73943NAA4</cusip>
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          <isin value="US73943NAA46"/>
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        <balance>84000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87622.50000000</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>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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        <name>TRONOX INC</name>
        <lei>549300EPZ4YXC7E5P181</lei>
        <title>TROX 4.625 03/15/29 144A</title>
        <cusip>897051AC2</cusip>
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          <isin value="US897051AC29"/>
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        <balance>128000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>GRAY MEDIA INC</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GTN 4.75 10/15/30 144A</title>
        <cusip>389375AL0</cusip>
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          <isin value="US389375AL09"/>
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        <balance>103000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>77765.00000000</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>2030-10-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>TEAM HEALTH HOLDINGS INC</name>
        <lei>549300PVTQ4UDTTMQT11</lei>
        <title>TMH 13.5 06/30/28 144A</title>
        <cusip>87817AAB3</cusip>
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          <isin value="US87817AAB35"/>
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        <balance>236718.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>242000.24000000</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>2028-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAP LLC</name>
        <lei>N/A</lei>
        <title>UNIT 8.625 06/15/32 144A</title>
        <cusip>91327TAC5</cusip>
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          <isin value="US91327TAC53"/>
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        <balance>161000.00000000</balance>
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        <valUSD>169077.85000000</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>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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        <name>DISCOVERY GLOBAL HOLDINGS INC</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WBD 4.279 03/15/32</title>
        <cusip>55903VBC6</cusip>
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          <isin value="US55903VBC63"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91850.00000000</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>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.27900000</annualizedRt>
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        <name>PETSMART LLC / PETSMART FINANCE CORP</name>
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        <name>PERRIGO FINANCE PUC</name>
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        <name>ENERGIZER HOLDINGS INC</name>
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        <name>LIFEPOINT HEALTH INC</name>
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        <name>UNITED RENTALS (NORTH AMERICA) INC</name>
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        <name>TRANSDIGM INC</name>
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        <lei>88Q84GB3X55CF5OC7582</lei>
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        <name>ALBERTSONS COMPANIES INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC</name>
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        <curCd>USD</curCd>
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        <name>CENTRAL PARENT LLC / CDK GLOBAL II LLC / CDK FINANCING CO</name>
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        <name>BALL CORP</name>
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        <name>CARVANA COMPANY</name>
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        <lei>549300HP7ONDQODZJV16</lei>
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        <lei>0BGI85ALH27ZJP15DY16</lei>
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        <name>TRANSDIGM INC</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
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        <name>CARVANA COMPANY</name>
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      <invstOrSec>
        <name>LIVE NATION ENTERTAINMENT INC</name>
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        <title>LYV 4.75 10/15/27 144A</title>
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          <isin value="US538034AR08"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
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      <invstOrSec>
        <name>NCL CORP LTD</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-15</maturityDt>
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        <name>ALLISON TRANSMISSION INC</name>
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          <isin value="US019736AG29"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-30</maturityDt>
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        <name>FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE COMPANY INC</name>
        <lei>N/A</lei>
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          <isin value="US31556TAC36"/>
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        <curCd>USD</curCd>
        <valUSD>142100.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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        <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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        <balance>68000.00000000</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>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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        <name>FIRST QUANTUM MINERALS LTD</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>FMCN 7.25 02/15/34 144A</title>
        <cusip>335934AX3</cusip>
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          <isin value="US335934AX36"/>
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        <curCd>USD</curCd>
        <valUSD>296440.56000000</valUSD>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
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        <name>ENTEGRIS INC</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>ENTG 4.375 04/15/28 144A</title>
        <cusip>29362UAC8</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ROCKET SOFTWARE INC</name>
        <lei>549300PVG26ISP5X1556</lei>
        <title>ROCSOF 9 11/28/28 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TWILIO INC</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>TWLO 3.875 03/15/31</title>
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        <balance>35000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>JANE STREET GROUP LLC / JSG FINANCE INC</name>
        <lei>N/A</lei>
        <title>JANEST 6.125 11/01/32 144A</title>
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        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
        <lei>N/A</lei>
        <title>CHTR 7.375 02/01/36 144A</title>
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        <name>IRON MOUNTAIN INC (REIT)</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 5.25 07/15/30 144A</title>
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        <name>STARWOOD PROPERTY TRUST INC</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 6.125 06/01/31 144A</title>
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        <name>MICHAELS COMPANIES INC (THE)</name>
        <lei>549300H9LWMBP7HYLR98</lei>
        <title>MIK 11 03/15/34 144A</title>
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          <maturityDt>2034-03-15</maturityDt>
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        <name>CLARIOS GLOBAL LP / CLARIOS US FINANCE CO INC</name>
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        <title>POWSOL 6.75 05/15/28 144A</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2028-05-15</maturityDt>
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        <name>ANYWHERE REAL ESTATE GROUP LLC / ANYWHERE CO-ISSUER CORP</name>
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        <name>MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP</name>
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        <name>NCL CORP LTD</name>
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        <name>SUNOCO LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GRAY MEDIA INC</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GTN 7.25 08/15/33 144A</title>
        <cusip>389375AP1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>WRANGLER HOLDCO CORP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>MURPHY OIL CORP</name>
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        <name>EDGEWELL PERSONAL CARE COMPANY</name>
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        <name>ALLIANT HOLDINGS INTERMEDIATE LLC / ALLIANT HOLDINGS CO-ISSUER INC</name>
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        <name>MACY'S RETAIL HOLDINGS LLC</name>
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        <name>ZF NORTH AMERICA CAPITAL INC</name>
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        <name>UNIVISION COMMUNICATIONS INC</name>
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        <name>GRAY MEDIA INC</name>
        <lei>529900TM5726KDN7UU35</lei>
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        <lei>3YTEJFW18LGIUQ2N5J61</lei>
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        <name>VENTURE GLOBAL PLAQUEMINES LNG LLC</name>
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        <name>GOEASY LTD</name>
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        <name>EDGEWELL PERSONAL CARE COMPANY</name>
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        <name>FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE COMPANY INC</name>
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        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
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        <name>MCGRAW-HILL EDUCATION INC</name>
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        <title>MHED 5.75 08/01/28 144A</title>
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        <name>WHIRLPOOL CORP</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>WHR 6.5 06/15/33</title>
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          <maturityDt>2033-06-15</maturityDt>
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        <title>VST 4.375 05/01/29 144A</title>
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        <name>MAUSER PACKAGING SOLUTIONS HOLDING COMPANY</name>
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        <title>BWY 7.875 04/15/30 144A</title>
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        <name>GARDA WORLD SECURITY CORP</name>
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        <name>ILIAD HOLDING SAS</name>
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        <name>FIRST QUANTUM MINERALS LTD</name>
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        <name>CNX RESOURCES CORP</name>
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        <title>CNX 7.25 03/01/32 144A</title>
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        <name>CYPRIUM CORP / CYPRIUM HOLDINGS LUXEMBOURG SARL</name>
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        <name>GRAY MEDIA INC</name>
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        <name>FXI HOLDINGS INC</name>
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        <name>BATH &amp; BODY WORKS INC</name>
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        <name>VENTURE GLOBAL PLAQUEMINES LNG LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SM ENERGY COMPANY</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM 6.5 07/15/28</title>
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      <invstOrSec>
        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
        <lei>N/A</lei>
        <title>CHTR 7 02/01/33 144A</title>
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        <name>MCGRAW-HILL EDUCATION INC</name>
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        <title>MHED 8 08/01/29 144A</title>
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      <invstOrSec>
        <name>TWILIO INC</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>TWLO 3.625 03/15/29</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>STARWOOD PROPERTY TRUST INC</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 5.25 10/15/28 144A</title>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC/ARU FINANCE CORP</name>
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        <title>ASCRES 6.625 07/15/33 144A</title>
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        <name>MAUSER PACKAGING SOLUTIONS HOLDING COMPANY</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>BWY 9.25 04/15/30 144A</title>
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        <name>ALCOA NEDERLAND HOLDING BV</name>
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        <title>AA 7.125 03/15/31 144A</title>
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        <name>PREMIER ENTERTAINMENT SUB LLC / PREMIER ENTERTAINMENT FINANCE CORP</name>
        <lei>N/A</lei>
        <title>BALY 5.625 09/01/29 144A</title>
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        <name>QNITY ELECTRONICS INC</name>
        <lei>254900RSUG4J9TFFZX53</lei>
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        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
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        <title>CHTR 5.375 06/01/29 144A</title>
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        <name>ROGERS COMMUNICATIONS INC</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>RCICN V5.25 03/15/82 144A</title>
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        <name>ROCKET COMPANIES INC</name>
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        <name>STARWOOD PROPERTY TRUST INC</name>
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        <name>MACY'S RETAIL HOLDINGS LLC</name>
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        <name>USA COMPRESSION PARTNERS LP / USA COMPRESSION FINANCE CORP</name>
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        <name>UNIVISION COMMUNICATIONS INC</name>
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        <name>DAVITA INC</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
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        <name>PRA GROUP INC</name>
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        <name>ALLIED UNIVERSAL HOLDCO LLC / ALLIED UNIVERSAL FINANCE CORP</name>
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        <name>GETTY IMAGES INC</name>
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        <name>IRON MOUNTAIN INC (REIT)</name>
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        <name>CSC HOLDINGS LLC</name>
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        <name>W.R. GRACE HOLDINGS LLC</name>
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        <name>DAVITA INC</name>
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        <name>SUNRISE FINCO I BV</name>
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        <name>SEAGATE DATA STORAGE TECHNOLOGY PTE LTD</name>
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        <name>CVS HEALTH CORP</name>
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        <name>PRIMO WATER HOLDINGS INC</name>
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        <name>NISSAN MOTOR CO LTD</name>
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        <name>STARWOOD PROPERTY TRUST INC</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 7.25 04/01/29 144A</title>
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        <name>TRANSOCEAN INTERNATIONAL LTD</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>RIG 8.75 02/15/30 144A</title>
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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>ROCKET COMPANIES INC</name>
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        <name>CHORD ENERGY CORP</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
        <title>CHRD 6.75 03/15/33 144A</title>
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        <name>NCL CORP LTD</name>
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        <name>IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES INC</name>
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        <name>TELECOM ITALIA CAPITAL SA</name>
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        <invCountry>LU</invCountry>

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        <name>SWORD PURCHASER LLC</name>
        <lei>254900S0VY2QTAITBR94</lei>
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        <name>DPL INC</name>
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          <maturityDt>2029-04-15</maturityDt>
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        <name>NEXSTAR MEDIA INC</name>
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        <name>CLARIOS GLOBAL LP / CLARIOS US FINANCE CO INC</name>
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        <name>ARDAGH METAL PACKAGING FINANCE PLC/ARDAGH METAL PACKAGING FINANCE USA LLC</name>
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        <name>SMYRNA READY MIX CONCRETE LLC</name>
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        <name>LAMAR MEDIA CORP (DELAWARE)</name>
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        <name>UNITED RENTALS (NORTH AMERICA) INC</name>
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        <name>NCR VOYIX CORP</name>
        <lei>549300YKTY8JX1DV2R67</lei>
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        <name>COMMERCIAL METALS COMPANY</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC/ARU FINANCE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STONEX GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COMMERCIAL METALS COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FINANCE CORP</name>
        <lei>N/A</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>56000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58275.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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        <name>CSC HOLDINGS LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 4.5 11/15/31 144a</title>
        <cusip>126307BH9</cusip>
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          <isin value="US126307BH94"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140625.00000000</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>2031-11-15</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>
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          <isin value="US05352TAA79"/>
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        <balance>194000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>NEPTUNE BIDCO US INC</name>
        <lei>549300VG15T3VCYZ4531</lei>
        <title>NLSN 9.29 04/15/29 144A</title>
        <cusip>640695AA0</cusip>
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          <isin value="US640695AA01"/>
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        <balance>191000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196013.75000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.29000000</annualizedRt>
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      <invstOrSec>
        <name>GLOBAL INFRASTRUCTURE SOLUTIONS INC</name>
        <lei>2549003BGLQITAJ6ZT28</lei>
        <title>GOINSO 7.5 04/15/32 144A</title>
        <cusip>37960XAB3</cusip>
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          <isin value="US37960XAB38"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57855.16000000</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>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>SM ENERGY COMPANY</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM 8.625 11/01/30 144A</title>
        <cusip>17888HAC7</cusip>
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          <isin value="US17888HAC79"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111300.00000000</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>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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      <invstOrSec>
        <name>TENET HEALTHCARE CORP</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>96989.95000000</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>2030-01-15</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>87075.00000000</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>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>ANTERO MIDSTREAM PARTNERS LP / ANTERO MIDSTREAM FINANCE CORP</name>
        <lei>N/A</lei>
        <title>AM 6.625 02/01/32 144A</title>
        <cusip>03690AAK2</cusip>
        <identifiers>
          <isin value="US03690AAK25"/>
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        <balance>162000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165442.50000000</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>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>CLYDESDALE ACQUISITION HOLDINGS INC</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>NOVHOL 6.625 04/15/29 144A</title>
        <cusip>18972EAA3</cusip>
        <identifiers>
          <isin value="US18972EAA38"/>
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        <balance>87000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85860.56000000</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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        <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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        <curCd>USD</curCd>
        <valUSD>179935.57000000</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 / DELEK LOGISTICS FINANCE CORP</name>
        <lei>N/A</lei>
        <title>DKL 7.375 06/30/33 144A</title>
        <cusip>24665FAE2</cusip>
        <identifiers>
          <isin value="US24665FAE25"/>
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        <balance>100000.00000000</balance>
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        <valUSD>103521.65000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>IEP 10 11/15/29 144A</title>
        <cusip>451102CK1</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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        <name>FMC CORP</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC 6.375 05/18/53</title>
        <cusip>302491AY1</cusip>
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          <isin value="US302491AY14"/>
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        <balance>129000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100957.53000000</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>2053-05-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <name>RYAN SPECIALTY LLC</name>
        <lei>549300K52N7QBO3PYY45</lei>
        <title>RYASPE 4.375 02/01/30 144A</title>
        <cusip>78351MAA0</cusip>
        <identifiers>
          <isin value="US78351MAA09"/>
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        <balance>3000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2909.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>YUM! BRANDS INC</name>
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        <name>TOPBUILD CORP</name>
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        <name>SIRIUS XM RADIO LLC</name>
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        <name>GAP INC (THE)</name>
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        <name>NEPTUNE BIDCO US INC</name>
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        <name>CHEMOURS COMPANY (THE)</name>
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      <invstOrSec>
        <name>TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP</name>
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        <name>TRANSDIGM INC</name>
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        <name>FAIR ISAAC CORP</name>
        <lei>RI6HET5SJUEY30V1PS26</lei>
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        <cusip>303250AJ3</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-15</maturityDt>
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        <name>PENNYMAC FINANCIAL SERVICES INC</name>
        <lei>549300W1D516HBDEU871</lei>
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        <cusip>70932MAH0</cusip>
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          <isin value="US70932MAH07"/>
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          <maturityDt>2034-02-15</maturityDt>
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        <name>CLYDESDALE ACQUISITION HOLDINGS INC</name>
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          <maturityDt>2030-04-15</maturityDt>
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      <invstOrSec>
        <name>ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>IEP 9.75 01/15/29</title>
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        <fairValLevel>2</fairValLevel>
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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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          <isin value="US45344LAG86"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
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        <name>AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP</name>
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        <title>APU 9.5 06/01/30 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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        <name>NABORS INDUSTRIES INC</name>
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        <name>BUILDERS FIRSTSOURCE INC</name>
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        <title>BLDR 6.375 03/01/34 144A</title>
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        <name>CLEAR CHANNEL OUTDOOR HOLDINGS INC</name>
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        <title>CCO 7.125 02/15/31 144A</title>
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        <name>GENESIS ENERGY LP / GENESIS ENERGY FINANCE CORP</name>
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        <title>GEL 8 05/15/33</title>
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        <name>CLOUD SOFTWARE GROUP INC</name>
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        <title>TIBX 8.25 06/30/32 144A</title>
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        <name>SOTHEBY'S</name>
        <lei>549300P5BAAMQQ7VL735</lei>
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        <name>SENSATA TECHNOLOGIES BV</name>
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        <title>ST 4 04/15/29 144A</title>
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        <name>OI EUROPEAN GROUP BV</name>
        <lei>72450053F5WRDY8CDZ66</lei>
        <title>OI 4.75 02/15/30 144A</title>
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        <name>STATION CASINOS LLC</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 LLC</name>
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        <name>GEO GROUP INC (THE)</name>
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        <title>GEO 10.25 04/15/31</title>
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        <balance>87000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>CRESCENT ENERGY FINANCE LLC</name>
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        <title>CRGYFN 7.75 07/31/29 144A</title>
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        <name>BUILDERS FIRSTSOURCE INC</name>
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        <title>BLDR 6.375 06/15/32 144A</title>
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        <name>ROCKIES EXPRESS PIPELINE LLC</name>
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        <name>GENESIS ENERGY LP / GENESIS ENERGY FINANCE CORP</name>
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        <title>GEL 7.875 05/15/32</title>
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        <title>TEP 7.375 02/15/29 144A</title>
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        <name>AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP</name>
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        <name>POST HOLDINGS INC</name>
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        <title>POST 6.25 02/15/32 144A</title>
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        <name>TAYLOR MORRISON COMMUNITIES INC</name>
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        <title>TMHC 5.75 01/15/28 144A</title>
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        <name>TENET HEALTHCARE CORP</name>
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        <title>THC 6.75 05/15/31</title>
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        <name>ROCKIES EXPRESS PIPELINE LLC</name>
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        <name>ALTICE FRANCE SAS</name>
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        <name>RADIOLOGY PARTNERS INC</name>
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        <name>AMERICAN AXLE &amp; MANUFACTURING INC</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
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        <name>TRANSDIGM INC</name>
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        <name>AVIS BUDGET CAR RENT LLC / AVIS BUDGET FINANCE INC</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>CNX MIDSTREAM PARTNERS LP</name>
        <lei>N/A</lei>
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          <isin value="US12654AAA97"/>
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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>MAGNERA CORP</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>MAGN 7.25 11/15/31 144A</title>
        <cusip>55939AAA5</cusip>
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          <isin value="US55939AAA51"/>
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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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        <name>MINERAL RESOURCES LTD</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINAU 7 04/01/31 144A</title>
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        <balance>50000.00000000</balance>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TENET HEALTHCARE CORP</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>THC 6.125 10/01/28</title>
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          <isin value="US88033GDK31"/>
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        <balance>114000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>114285.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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        <name>DISH NETWORK CORP</name>
        <lei>529900U350CWHH15G169</lei>
        <title>DISH 11.75 11/15/27 144A</title>
        <cusip>25470MAG4</cusip>
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          <isin value="US25470MAG42"/>
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        <balance>234000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240727.50000000</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>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.75000000</annualizedRt>
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        <name>UNITI SERVICES LLC / WINDSTREAM FINANCE CORP</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>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>163398.91000000</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>
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        <name>TALOS PRODUCTION 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>
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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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        <invCountry>FR</invCountry>
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        <name>DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC</name>
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        <title>DTV 9.25 06/01/32 144A</title>
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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>
        <lei>549300I6PTUQPX21TE93</lei>
        <title>CODI 5 01/15/32 144A</title>
        <cusip>20451RAC6</cusip>
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        <name>TRINET GROUP INC</name>
        <lei>5299003FJVBETSFKE990</lei>
        <title>TNET 7.125 08/15/31 144A</title>
        <cusip>896288AC1</cusip>
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        <name>ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>IEP 4.375 02/01/29</title>
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        <name>NEWFOLD DIGITAL HOLDINGS GROUP INC</name>
        <lei>549300UTQC2651SB0W88</lei>
        <title>EIGI 11.75 10/15/28 144A</title>
        <cusip>650929AA0</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
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        <name>GOODYEAR TIRE &amp; RUBBER COMPANY</name>
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        <name>SM ENERGY COMPANY</name>
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        <name>SIRIUS XM RADIO LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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        <name>BWX TECHNOLOGIES INC</name>
        <lei>549300NP85N265KWMS58</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-30</maturityDt>
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        <name>RITHM CAPITAL CORP</name>
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        <title>RITM 8 04/01/29 144A</title>
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          <maturityDt>2029-04-01</maturityDt>
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        <name>XPO INC</name>
        <lei>54930096DB9LCLPN7H13</lei>
        <title>XPO 7.125 02/01/32</title>
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        <curCd>USD</curCd>
        <valUSD>88134.55000000</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>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BAUSCH + LOMB CORP</name>
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        <title>BLCOCN 8.375 10/01/28 144A</title>
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          <isin value="US071705AA56"/>
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        <curCd>USD</curCd>
        <valUSD>84870.00000000</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>2028-10-01</maturityDt>
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        <name>HILCORP ENERGY I LP / HILCORP FINANCE CO</name>
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        <title>HILCRP 6 02/01/31 144A</title>
        <cusip>431318AV6</cusip>
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          <maturityDt>2031-02-01</maturityDt>
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        <name>AVIS BUDGET CAR RENT LLC / AVIS BUDGET FINANCE INC</name>
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        <name>CLEARWAY ENERGY OPERATING LLC</name>
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        <name>CROWN AMERICAS LLC</name>
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        <name>UNITED STATES STEEL CORP</name>
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        <name>SERVICE CORPORATION INTERNATIONAL</name>
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        <name>TRAVEL PLUS LEISURE COMPANY</name>
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        <title>TNL 4.5 12/01/29 144A</title>
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        <name>CORNERSTONE BUILDING BRANDS INC</name>
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        <title>CNR 9.5 08/15/29 144A</title>
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        <lei>88Q84GB3X55CF5OC7582</lei>
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        <curCd>USD</curCd>
        <valUSD>226800.00000000</valUSD>
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        <invCountry>US</invCountry>
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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>
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        <curCd>USD</curCd>
        <valUSD>81900.00000000</valUSD>
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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>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20029.19000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SMYRNA READY MIX CONCRETE LLC</name>
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        <title>SMYREA 6 11/01/28 144A</title>
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          <isin value="US85236FAA12"/>
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        <curCd>USD</curCd>
        <valUSD>123037.76000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>GOODYEAR TIRE &amp; RUBBER COMPANY</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GT 5.25 07/15/31</title>
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          <isin value="US382550BR12"/>
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        <balance>107000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95497.50000000</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>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>SM ENERGY COMPANY</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM 9.625 06/15/33 144A</title>
        <cusip>17888HAD5</cusip>
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          <isin value="US17888HAD52"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50231.25000000</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>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.62500000</annualizedRt>
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        <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>217868.00000000</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>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>ANTERO MIDSTREAM PARTNERS LP / ANTERO MIDSTREAM FINANCE CORP</name>
        <lei>N/A</lei>
        <title>AM 5.375 06/15/29 144A</title>
        <cusip>03690AAH9</cusip>
        <identifiers>
          <isin value="US03690AAH95"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65000.00000000</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>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>PBF HOLDING COMPANY LLC / PBF FINANCE CORP</name>
        <lei>N/A</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>81000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>86973.75000000</valUSD>
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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>9.87500000</annualizedRt>
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        <name>AVIS BUDGET CAR RENT LLC / AVIS BUDGET FINANCE INC</name>
        <lei>N/A</lei>
        <title>CAR 5.375 03/01/29 144A</title>
        <cusip>053773BF3</cusip>
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          <isin value="US053773BF30"/>
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        <balance>105000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TALOS PRODUCTION INC</name>
        <lei>549300GZ2DZZE2Y8TX15</lei>
        <title>TALO 9 02/01/29 144A</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>APLD COMPUTECO LLC</name>
        <lei>N/A</lei>
        <title>APLD 9.25 12/15/30 144A</title>
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        <name>DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC</name>
        <lei>N/A</lei>
        <title>DTV 10 02/15/31 144A</title>
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        <name>GOLDMAN SACHS TRUST</name>
        <lei>S2FHCT8U6D2VORP0J605</lei>
        <title>GOLDMAN SACHS TRUST CENT GOVT FD SHS</title>
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        <name>TRANSDIGM INC</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 6.25 01/31/34 144A</title>
        <cusip>893647BZ9</cusip>
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        <balance>400000.00000000</balance>
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        <name>LAMAR MEDIA CORP (DELAWARE)</name>
        <lei>N/A</lei>
        <title>LAMR 3.625 01/15/31</title>
        <cusip>513075BZ3</cusip>
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        <balance>111000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>MATCH GROUP HOLDINGS II 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>VENTURE GLOBAL PLAQUEMINES LNG LLC</name>
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        <name>ADIENT GLOBAL HOLDINGS LTD</name>
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        <name>POST HOLDINGS INC</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <name>OLIN CORP</name>
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        <name>SEAGATE DATA STORAGE TECHNOLOGY PTE LTD</name>
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        <name>NISSAN MOTOR ACCEPTANCE COMPANY LLC</name>
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        <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>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77137.50000000</valUSD>
        <pctVal>0.059145232778</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>
      <invstOrSec>
        <name>ION PLATFORM FINANCE US INC</name>
        <lei>213800FKHT3BRRKMCC89</lei>
        <title>IONPLA 5 05/01/28 144A</title>
        <cusip>46206AAE2</cusip>
        <identifiers>
          <isin value="US46206AAE29"/>
        </identifiers>
        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51378.47000000</valUSD>
        <pctVal>0.039394478275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>ALLIED UNIVERSAL HOLDCO LLC/ALLIED UNIVERSAL FINANCE CORP/ATLAS LUXCO 4 SARL</name>
        <lei>N/A</lei>
        <title>UNSEAM 4.625 06/01/28 144A</title>
        <cusip>019579AA9</cusip>
        <identifiers>
          <isin value="US019579AA90"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>394557.00000000</valUSD>
        <pctVal>0.302526859301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2026-07-24</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>
  <documents>XXXX</documents>
</edgarSubmission>
