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      <invstOrSec>
        <name>Antero Resources Corp.</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
        <title>Antero Resources Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Koninklijke KPN NV</name>
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        <title>Koninklijke KPN NV</title>
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          <isin value="US50048VAA89"/>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2073-03-28</maturityDt>
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          <annualizedRt>6.99999800</annualizedRt>
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      <invstOrSec>
        <name>Howmet Aerospace, Inc.</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>Howmet Aerospace, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-01</maturityDt>
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      <invstOrSec>
        <name>APX Group, Inc.</name>
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        <title>APX Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-01</maturityDt>
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          <annualizedRt>7.62500000</annualizedRt>
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      <invstOrSec>
        <name>Albertsons Cos., Inc.</name>
        <lei>N/A</lei>
        <title>Albertsons Cos., Inc.</title>
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          <isin value="US013092AC57"/>
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        <balance>65000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Altice France Holding SA</name>
        <lei>5299000JVHXKJPOE6H40</lei>
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          <isin value="US02156TAA25"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Carriage Services, Inc.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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      <invstOrSec>
        <name>Berry Petroleum Co. LLC</name>
        <lei>DQ2XTZKV7SILNNV77403</lei>
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        <balance>140000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-15</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Allied Universal Holdco LLC</name>
        <lei>N/A</lei>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>896174.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <annualizedRt>9.75000000</annualizedRt>
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        <name>eG Global Finance plc</name>
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        <title>eG Global Finance plc</title>
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        <balance>500000.00000000</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>2025-02-07</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>Alcoa Nederland Holding BV</name>
        <lei>5493000UL1QLQLT1VQ42</lei>
        <title>Alcoa Nederland Holding BV</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-30</maturityDt>
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      <invstOrSec>
        <name>Murphy Oil USA, Inc.</name>
        <lei>N32S6DTR2ZZ5222WHV58</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AssuredPartners, Inc.</name>
        <lei>549300HNDSDQWQ3L2P80</lei>
        <title>AssuredPartners, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
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      <invstOrSec>
        <name>ams AG</name>
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        <title>ams AG</title>
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        <invCountry>AT</invCountry>
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        <name>Forestar Group, Inc.</name>
        <lei>549300BC2UB0GHV60V70</lei>
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        <name>Allison Transmission, Inc.</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
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      <invstOrSec>
        <name>Sprint Corp.</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>Sprint Corp.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2021-09-15</maturityDt>
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        <name>Blackboard, Inc.</name>
        <lei>549300ONVS6PJZ5LRX23</lei>
        <title>Blackboard, Inc.</title>
        <cusip>091935AE6</cusip>
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        <balance>150000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arrow Bidco LLC</name>
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          <isin value="US042728AA35"/>
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        <balance>190000.00000000</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>2024-03-15</maturityDt>
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          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>EnLink Midstream Partners LP</name>
        <lei>88CPW63VL7KHJWS0NY83</lei>
        <title>EnLink Midstream Partners LP</title>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>4.15000000</annualizedRt>
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      <invstOrSec>
        <name>Algeco Global Finance plc</name>
        <lei>5493000PLZTCKZAJDO03</lei>
        <title>Algeco Global Finance plc</title>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>309415.65000000</valUSD>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-15</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Apex Tool Group LLC</name>
        <lei>N/A</lei>
        <title>Apex Tool Group LLC</title>
        <cusip>03764BAB1</cusip>
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          <isin value="US03764BAB18"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144656.10000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos., Inc.</title>
        <cusip>071734AF4</cusip>
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          <isin value="US071734AF49"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>319488.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESH Hospitality, Inc.</name>
        <lei>54930042FMK7X7SQ2896</lei>
        <title>ESH Hospitality, Inc.</title>
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          <isin value="US26907YAA29"/>
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        <balance>735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>751901.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Calumet Specialty Products Partners LP</name>
        <lei>N/A</lei>
        <title>Calumet Specialty Products Partners LP</title>
        <cusip>131477AL5</cusip>
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          <isin value="US131477AL51"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30405.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Antero Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>Antero Midstream Partners LP</title>
        <cusip>03690AAC0</cusip>
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          <isin value="US03690AAC09"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>637185.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Greif, Inc.</name>
        <lei>54930070FVGKR0Z1FI24</lei>
        <title>Greif, Inc.</title>
        <cusip>397624AH0</cusip>
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          <isin value="US397624AH07"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106481.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Core &amp; Main LP</name>
        <lei>549300ZSLF8Q660SCD17</lei>
        <title>Core &amp; Main LP</title>
        <cusip>14987KAA1</cusip>
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          <isin value="US14987KAA16"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>185864.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Ahern Rentals, Inc.</name>
        <lei>N/A</lei>
        <title>Ahern Rentals, Inc.</title>
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          <isin value="US008674AH66"/>
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        <balance>335000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-15</maturityDt>
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      <invstOrSec>
        <name>RegionalCare Hospital Partners Holdings, Inc.</name>
        <lei>N/A</lei>
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        <valUSD>584511.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AHP Health Partners, Inc.</name>
        <lei>549300QMM8MQ6SM5KX05</lei>
        <title>AHP Health Partners, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
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          <annualizedRt>9.75000000</annualizedRt>
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        <name>PetSmart, Inc.</name>
        <lei>N/A</lei>
        <title>PetSmart, Inc.</title>
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          <isin value="US04021LAA89"/>
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        <balance>475000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-03-15</maturityDt>
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          <annualizedRt>7.12500000</annualizedRt>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
        <cusip>197677AG2</cusip>
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        <balance>150000.00000000</balance>
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        <valUSD>177171.75000000</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>2025-06-15</maturityDt>
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          <annualizedRt>7.69000000</annualizedRt>
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      <invstOrSec>
        <name>Ascend Learning LLC</name>
        <lei>549300T466HKRLVCD610</lei>
        <title>Ascend Learning LLC</title>
        <cusip>043502AB9</cusip>
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          <isin value="US043502AB91"/>
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        <balance>200000.00000000</balance>
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        <valUSD>205729.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>eG Global Finance plc</name>
        <lei>549300TL8Q5207VYET27</lei>
        <title>eG Global Finance plc</title>
        <cusip>28228PAB7</cusip>
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          <isin value="US28228PAB76"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>218880.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US Renal Care, Inc.</name>
        <lei>54930058SS5MF69JGN89</lei>
        <title>US Renal Care, Inc.</title>
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        <name>CSC Holdings LLC</name>
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        <name>Covanta Holding Corp.</name>
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        <name>Clarios Global LP</name>
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        <name>Comstock Resources, Inc.</name>
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        <name>Sprint Corp.</name>
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        <name>Cornerstone Chemical Co.</name>
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        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>EnLink Midstream Partners LP</name>
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        <title>EnLink Midstream Partners LP, Series C</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>Stericycle, Inc.</name>
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        <name>CNG Holdings, Inc.</name>
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        <name>Hilcorp Energy I LP</name>
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        <name>Advisor Group Holdings, Inc.</name>
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        <name>OneMain Finance Corp.</name>
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        <name>Hilton Worldwide Finance LLC</name>
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        <name>Gray Television, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Television, Inc.</title>
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        <name>Boyd Gaming Corp.</name>
        <lei>254900787YGRYS2A1Z35</lei>
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      <invstOrSec>
        <name>Olin Corp.</name>
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        <name>VeriSign, Inc.</name>
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      <invstOrSec>
        <name>Envision Healthcare Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mineral Resources Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bank AG</name>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Banff Merger Sub, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cinemark USA, Inc.</name>
        <lei>54930008H2137JSCPQ09</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-01</maturityDt>
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        <name>Staples, Inc.</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>Staples, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>Avon Products, Inc.</name>
        <lei>5493007RY69UEB1F1B45</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-15</maturityDt>
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        <name>Pitney Bowes, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CNX Resources Corp.</name>
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          <maturityDt>2027-03-14</maturityDt>
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        <name>LifePoint Health, Inc.</name>
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          <maturityDt>2025-04-15</maturityDt>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
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        <name>FXI Holdings, Inc.</name>
        <lei>549300VLKCUZW3MSVS50</lei>
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        <name>KAR Auction Services, Inc.</name>
        <lei>5493004HKD20LBSG7D03</lei>
        <title>KAR Auction Services, Inc.</title>
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        <name>Ardonagh Midco 2 plc</name>
        <lei>9845003AD1386OH58D80</lei>
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        <invCountry>GB</invCountry>
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        <name>American Airlines Group, Inc.</name>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
        <cusip>345370CV0</cusip>
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        <name>Ritchie Bros Auctioneers, Inc.</name>
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        <name>Service Properties Trust</name>
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        <name>Select Medical Corp.</name>
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        <name>Radiology Partners, Inc.</name>
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        <name>Post Holdings, Inc.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>EQM Midstream Partners LP</name>
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        <name>SS&amp;C Technologies, Inc.</name>
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        <name>GPC Merger Sub, Inc.</name>
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        <name>Chemours Co. (The)</name>
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        <name>L Brands, Inc.</name>
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        <name>Diamond Offshore Drilling, Inc.</name>
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        <name>JPW Industries Holding Corp.</name>
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        <name>Telesat Canada</name>
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        <name>Comstock Resources, Inc.</name>
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        <name>Trivium Packaging Finance BV</name>
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        <name>Kraft Heinz Foods Co.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
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          <isin value="US345370BV11"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249750.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Prime Security Services Borrower LLC</name>
        <lei>N/A</lei>
        <title>Prime Security Services Borrower LLC</title>
        <cusip>74166MAE6</cusip>
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          <isin value="US74166MAE66"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>871748.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Vine Oil &amp; Gas LP</name>
        <lei>N/A</lei>
        <title>Vine Oil &amp; Gas LP</title>
        <cusip>927375AB1</cusip>
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          <isin value="US927375AB16"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88500.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-15</maturityDt>
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          <annualizedRt>9.75000000</annualizedRt>
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      <invstOrSec>
        <name>HD Supply, Inc.</name>
        <lei>549300G8FYZDYZMZED76</lei>
        <title>HD Supply, Inc.</title>
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          <isin value="US40415RAS40"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105084.50000000</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>2026-10-15</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
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          <isin value="US345397ZR75"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>428380.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.11300000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
        <title>Tallgrass Energy Partners LP</title>
        <cusip>87470LAD3</cusip>
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          <isin value="US87470LAD38"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>401753.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESH Hospitality, Inc.</name>
        <lei>54930042FMK7X7SQ2896</lei>
        <title>ESH Hospitality, Inc.</title>
        <cusip>26907YAB0</cusip>
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          <isin value="US26907YAB02"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>337242.50000000</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>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
        <cusip>88033GCY4</cusip>
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          <isin value="US88033GCY44"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>183277.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>L Brands, Inc.</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>L Brands, Inc.</title>
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          <isin value="US501797AN49"/>
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        <balance>485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>451571.38000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
        <cusip>345370CX6</cusip>
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          <isin value="US345370CX67"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131910.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-22</maturityDt>
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          <annualizedRt>9.62500000</annualizedRt>
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      <invstOrSec>
        <name>Granite Merger Sub 2, Inc.</name>
        <lei>N/A</lei>
        <title>Granite Merger Sub 2, Inc.</title>
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        <valUSD>182951.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <annualizedRt>11.00000000</annualizedRt>
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      <invstOrSec>
        <name>Allison Transmission, Inc.</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
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          <isin value="US90353TAE01"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>Community Health Systems, Inc.</title>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
        <cusip>345370BZ2</cusip>
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        <invCountry>US</invCountry>
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        <name>CCO Holdings LLC</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>LABL Escrow Issuer LLC</name>
        <lei>N/A</lei>
        <title>LABL Escrow Issuer LLC</title>
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        <balance>240000.00000000</balance>
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        <valUSD>259762.80000000</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>2026-07-15</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Dana Financing Luxembourg Sarl</name>
        <lei>222100DKCE3D036DQU13</lei>
        <title>Dana Financing Luxembourg Sarl</title>
        <cusip>235822AA1</cusip>
        <identifiers>
          <isin value="US235822AA14"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5280.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Transocean, Inc.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
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        <valUSD>212850.00000000</valUSD>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Mauser Packaging Solutions Holding Co.</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>Mauser Packaging Solutions Holding Co.</title>
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        <valUSD>357364.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Granite US Holdings Corp.</name>
        <lei>N/A</lei>
        <title>Granite US Holdings Corp.</title>
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          <isin value="US38748YAA01"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144440.25000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</annualizedRt>
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      <invstOrSec>
        <name>CDK Global, Inc.</name>
        <lei>5493000L10CYRTHIJ385</lei>
        <title>CDK Global, Inc.</title>
        <cusip>12508EAG6</cusip>
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          <isin value="US12508EAG61"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>160646.25000000</valUSD>
        <pctVal>0.088030299946</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>QVC, Inc.</name>
        <lei>549300WBLU5NKPX5X472</lei>
        <title>QVC, Inc.</title>
        <cusip>747262AW3</cusip>
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          <isin value="US747262AW35"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Netflix, Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix, Inc.</title>
        <cusip>64110LAT3</cusip>
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          <isin value="US64110LAT35"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>915220.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wyndham Destinations, Inc.</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>Wyndham Destinations, Inc.</title>
        <cusip>98310WAN8</cusip>
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          <isin value="US98310WAN83"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198712.00000000</valUSD>
        <pctVal>0.108889419846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.74999900</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GCI LLC</name>
        <lei>549300N3IE9H88Q20221</lei>
        <title>GCI LLC</title>
        <cusip>36166TAA8</cusip>
        <identifiers>
          <isin value="US36166TAA88"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79179.75000000</valUSD>
        <pctVal>0.043388607839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hadrian Merger Sub, Inc.</name>
        <lei>N/A</lei>
        <title>Hadrian Merger Sub, Inc.</title>
        <cusip>42239PAA7</cusip>
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          <isin value="US42239PAA75"/>
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        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>166690.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DKT Finance ApS</name>
        <lei>529900CPZ2SMDPG5RV48</lei>
        <title>DKT Finance ApS</title>
        <cusip>255882AA0</cusip>
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          <isin value="US255882AA01"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202250.00000000</valUSD>
        <pctVal>0.110828159164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
        <cusip>674599CU7</cusip>
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          <isin value="US674599CU76"/>
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        <balance>495000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>489740.63000000</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>2021-08-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Blue Cube Spinco LLC</name>
        <lei>N/A</lei>
        <title>Blue Cube Spinco LLC</title>
        <cusip>095370AD4</cusip>
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          <isin value="US095370AD49"/>
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        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>133763.13000000</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>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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        <name>Cheniere Energy Partners LP</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>Cheniere Energy Partners LP</title>
        <cusip>16411QAB7</cusip>
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          <isin value="US16411QAB77"/>
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        <balance>365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>374490.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Icahn Enterprises LP</name>
        <lei>N/A</lei>
        <title>Icahn Enterprises LP</title>
        <cusip>451102BT3</cusip>
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          <isin value="US451102BT32"/>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>593101.60000000</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>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Diamond Offshore Drilling, Inc.</name>
        <lei>F14FQJ2EEHW5VPYUHL14</lei>
        <title>Diamond Offshore Drilling, Inc.</title>
        <cusip>25271CAM4</cusip>
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          <isin value="US25271CAM47"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10246.95000000</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>2023-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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      <invstOrSec>
        <name>Uniti Group LP</name>
        <lei>N/A</lei>
        <title>Uniti Group LP</title>
        <cusip>20341WAE5</cusip>
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          <isin value="US20341WAE57"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>283684.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
        <lei>549300JYTDUAA4JQ3717</lei>
        <title>Six Flags Entertainment Corp.</title>
        <cusip>83001AAC6</cusip>
        <identifiers>
          <isin value="US83001AAC62"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>331187.50000000</valUSD>
        <pctVal>0.181482823056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Encompass Health Corp.</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>Encompass Health Corp.</title>
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        <name>Range Resources Corp.</name>
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      <invstOrSec>
        <name>Moss Creek Resources Holdings, Inc.</name>
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      <invstOrSec>
        <name>Northwest Acquisitions ULC</name>
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        <invCountry>CA</invCountry>

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      <invstOrSec>
        <name>Iron Mountain, Inc.</name>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Albertsons Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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        <name>Twin River Worldwide Holdings, Inc.</name>
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        <valUSD>341621.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>Virgin Media Secured Finance plc</name>
        <lei>213800X3RLP4NOTPY579</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Churchill Downs, Inc.</name>
        <lei>529900FODTBQC8MIS994</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Acrisure LLC</name>
        <lei>N/A</lei>
        <title>Acrisure LLC</title>
        <cusip>00489LAA1</cusip>
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          <isin value="US00489LAA17"/>
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        <balance>815000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>825778.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-15</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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        <name>Gran Tierra Energy International Holdings Ltd.</name>
        <lei>549300RQNK5SS6I0T293</lei>
        <title>Gran Tierra Energy International Holdings Ltd.</title>
        <cusip>38502HAA3</cusip>
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        <curCd>USD</curCd>
        <valUSD>89940.00000000</valUSD>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Lithia Motors, Inc.</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
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        <balance>75000.00000000</balance>
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        <valUSD>78273.38000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Delta Air Lines, Inc.</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>Delta Air Lines, Inc.</title>
        <cusip>247361ZU5</cusip>
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        <balance>525000.00000000</balance>
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        <valUSD>456019.44000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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        <name>SPX FLOW, Inc.</name>
        <lei>5493003YXEKRBINIEM78</lei>
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        <invCountry>US</invCountry>
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        <name>Trident TPI Holdings, Inc.</name>
        <lei>549300TPLK304J3RNC85</lei>
        <title>Trident TPI Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-08-01</maturityDt>
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        <name>Telecom Italia Capital SA</name>
        <lei>549300777DJZOR5C4L39</lei>
        <title>Telecom Italia Capital SA</title>
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        <balance>505000.00000000</balance>
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        <invCountry>LU</invCountry>

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          <maturityDt>2033-11-15</maturityDt>
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        <name>Chobani LLC</name>
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        <name>Delta Air Lines, Inc.</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>Delta Air Lines, Inc.</title>
        <cusip>247361ZZ4</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-01-15</maturityDt>
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          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>Midas Intermediate Holdco II LLC</name>
        <lei>N/A</lei>
        <title>Midas Intermediate Holdco II LLC</title>
        <cusip>59563KAA8</cusip>
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        <balance>30000.00000000</balance>
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        <valUSD>23355.45000000</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>2022-10-01</maturityDt>
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          <annualizedRt>7.87500000</annualizedRt>
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        <name>Illuminate Buyer LLC</name>
        <lei>N/A</lei>
        <title>Illuminate Buyer LLC</title>
        <cusip>45232TAA9</cusip>
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        <balance>275000.00000000</balance>
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        <name>Covanta Holding Corp.</name>
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        <name>Gray Television, Inc.</name>
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        <name>Fidelity &amp; Guaranty Life Holdings, Inc.</name>
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        <name>Meritor, Inc.</name>
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        <name>Cleveland-Cliffs, Inc.</name>
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        <name>Forterra Finance LLC</name>
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        <name>Castle US Holding Corp.</name>
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        <name>IRB Holding Corp.</name>
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        <name>NFP Corp.</name>
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        <name>Yum! Brands, Inc.</name>
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        <name>Sensata Technologies BV</name>
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        <name>Sabre GLBL, Inc.</name>
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        <name>Ladder Capital Finance Holdings LLLP</name>
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        <name>PetSmart, Inc.</name>
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        <name>Kraft Heinz Foods Co.</name>
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      <invstOrSec>
        <name>Vericast Corp.</name>
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        <name>National CineMedia LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cott Holdings, Inc.</name>
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        <name>Fairstone Financial, Inc.</name>
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        <name>Fresh Market, Inc. (The)</name>
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        <name>Wynn Resorts Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Welbilt, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-15</maturityDt>
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          <annualizedRt>9.50000000</annualizedRt>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>6.62500000</annualizedRt>
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        <name>PGT Innovations, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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        <name>ACI Worldwide, Inc.</name>
        <lei>5493003BPVMZUJ6F5C02</lei>
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        <name>Delek Logistics Partners LP</name>
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          <maturityDt>2025-05-15</maturityDt>
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        <name>Waste Pro USA, Inc.</name>
        <lei>549300BY1QXU5BI3UF28</lei>
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        <name>GTCR AP Finance, Inc.</name>
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        <name>Oceaneering International, Inc.</name>
        <lei>549300L6PH74701W0R30</lei>
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        <name>Golden Nugget, Inc.</name>
        <lei>91D14OD6M4H1RVBN7R43</lei>
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        <name>Murphy Oil Corp.</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
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        <name>Hughes Satellite Systems Corp.</name>
        <lei>N/A</lei>
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        <name>Pitney Bowes, Inc.</name>
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        <name>Titan Acquisition Ltd.</name>
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        <name>j2 Cloud Services LLC</name>
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        <name>AdaptHealth LLC</name>
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        <name>Voyager Aviation Holdings LLC</name>
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        <name>Alcoa Nederland Holding BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Occidental Petroleum Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-08-15</maturityDt>
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          <annualizedRt>2.70000000</annualizedRt>
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        <name>Kraft Heinz Foods Co.</name>
        <lei>5493003STKEZ2S0RNU91</lei>
        <title>Kraft Heinz Foods Co.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2039-08-01</maturityDt>
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        <name>24 Hour Fitness Worldwide, Inc.</name>
        <lei>N/A</lei>
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        <name>FXI Holdings, Inc.</name>
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        <name>MEG Energy Corp.</name>
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        <invCountry>CA</invCountry>
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        <name>Brand Industrial Services, Inc.</name>
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        <name>Ascent Resources Utica Holdings LLC</name>
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        <name>Cumulus Media New Holdings, Inc.</name>
        <lei>5493001D9VBAVY1OKJ46</lei>
        <title>Cumulus Media New Holdings, Inc.</title>
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        <name>Aramark Services, Inc.</name>
        <lei>42YMHYH0XMHJEXDUB065</lei>
        <title>Aramark Services, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Nielsen Co. Luxembourg SARL (The)</name>
        <lei>549300MFMRJBOPHHM352</lei>
        <title>Nielsen Co. Luxembourg SARL (The)</title>
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        <invCountry>LU</invCountry>

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        <name>Signature Aviation US Holdings, Inc.</name>
        <lei>213800CSNQ87U1MC8N11</lei>
        <title>Signature Aviation US Holdings, Inc.</title>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Vantage Drilling International</name>
        <lei>549300T9QN1134QR7185</lei>
        <title>Vantage Drilling International</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Aramark Services, Inc.</name>
        <lei>42YMHYH0XMHJEXDUB065</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Entegris, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brookfield Property REIT, Inc.</name>
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        <name>GEO Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>DISH DBS Corp.</name>
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        <name>Team Health Holdings, Inc.</name>
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        <name>AAG FH LP</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-15</maturityDt>
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        <name>BMC East LLC</name>
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          <maturityDt>2024-10-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>NFP Corp.</name>
        <lei>VO2L9FZNXDJNQNEYH039</lei>
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        <name>Laredo Petroleum, Inc.</name>
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        <name>Golden Nugget, Inc.</name>
        <lei>91D14OD6M4H1RVBN7R43</lei>
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        <name>C&amp;W Senior Financing DAC</name>
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        <name>Virgin Media Secured Finance plc</name>
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        <name>KeHE Distributors LLC</name>
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        <name>AerCap Global Aviation Trust</name>
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        <name>J. Crew Brand LLC</name>
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        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
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      <invstOrSec>
        <name>MGM Growth Properties Operating Partnership LP</name>
        <lei>N/A</lei>
        <title>MGM Growth Properties Operating Partnership LP</title>
        <cusip>55303XAJ4</cusip>
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          <isin value="US55303XAJ46"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>81304.88000000</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>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
        <cusip>251525AM3</cusip>
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          <isin value="US251525AM33"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293353.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.29599900</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMC Networks, Inc.</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMC Networks, Inc.</title>
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          <isin value="US00164VAE39"/>
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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>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clarios Global LP</name>
        <lei>N/A</lei>
        <title>Clarios Global LP</title>
        <cusip>69867DAC2</cusip>
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          <isin value="US69867DAC20"/>
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        <balance>1260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1326339.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>N/A</lei>
        <title>Garda World Security Corp.</title>
        <cusip>362438AA1</cusip>
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          <isin value="US362438AA12"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>268609.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Newell Brands, Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>Newell Brands, Inc.</title>
        <cusip>651229AX4</cusip>
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          <isin value="US651229AX48"/>
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        <balance>254000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>288290.00000000</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>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87499800</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>William Carter Co. (The)</name>
        <lei>TGI2A0HXEYNQPU7TYV27</lei>
        <title>William Carter Co. (The)</title>
        <cusip>96926JAC1</cusip>
        <identifiers>
          <isin value="US96926JAC18"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106790.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WW International, Inc.</name>
        <lei>SGT8R1MU6ESIC7UJC518</lei>
        <title>WW International, Inc.</title>
        <cusip>948626AA4</cusip>
        <identifiers>
          <isin value="US948626AA44"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>158771.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enova International, Inc.</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>Enova International, Inc.</title>
        <cusip>29357KAD5</cusip>
        <identifiers>
          <isin value="US29357KAD54"/>
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        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>118123.85000000</valUSD>
        <pctVal>0.064729042516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KGA Escrow LLC</name>
        <lei>N/A</lei>
        <title>KGA Escrow LLC</title>
        <cusip>49377PAA4</cusip>
        <identifiers>
          <isin value="US49377PAA49"/>
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        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127955.63000000</valUSD>
        <pctVal>0.070116622633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Terraform Global Operating LLC</name>
        <lei>549300LC7QMVR79H5O86</lei>
        <title>Terraform Global Operating LLC</title>
        <cusip>88104UAC7</cusip>
        <identifiers>
          <isin value="US88104UAC71"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76017.00000000</valUSD>
        <pctVal>0.041655496539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Horizon Therapeutics USA, Inc.</name>
        <lei>N/A</lei>
        <title>Horizon Therapeutics USA, Inc.</title>
        <cusip>44055PAA4</cusip>
        <identifiers>
          <isin value="US44055PAA49"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>239476.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Exterran Energy Solutions LP</name>
        <lei>N/A</lei>
        <title>Exterran Energy Solutions LP</title>
        <cusip>30227KAE9</cusip>
        <identifiers>
          <isin value="US30227KAE91"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127671.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Party City Holdings, Inc.</name>
        <lei>5493005PYM1JS6EZN307</lei>
        <title>Party City Holdings, Inc.</title>
        <cusip>702150AC7</cusip>
        <identifiers>
          <isin value="US702150AC70"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>72000.00000000</valUSD>
        <pctVal>0.039454276686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Kronos Acquisition Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Kronos Acquisition Holdings, Inc.</title>
        <cusip>50106GAA0</cusip>
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          <isin value="US50106GAA04"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>433500.00000000</valUSD>
        <pctVal>0.237547624216</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EnLink Midstream Partners LP</name>
        <lei>88CPW63VL7KHJWS0NY83</lei>
        <title>EnLink Midstream Partners LP</title>
        <cusip>29336UAG2</cusip>
        <identifiers>
          <isin value="US29336UAG22"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28337.50000000</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>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Taylor Morrison Communities, Inc.</name>
        <lei>549300O1Z08HI2MRK572</lei>
        <title>Taylor Morrison Communities, Inc.</title>
        <cusip>87724RAB8</cusip>
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          <isin value="US87724RAB87"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112627.00000000</valUSD>
        <pctVal>0.061716900282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMC Networks, Inc.</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMC Networks, Inc.</title>
        <cusip>00164VAD5</cusip>
        <identifiers>
          <isin value="US00164VAD55"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254687.50000000</valUSD>
        <pctVal>0.139562654077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fortress Transportation &amp; Infrastructure Investors LLC</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>Fortress Transportation &amp; Infrastructure Investors LLC</title>
        <cusip>34960PAA9</cusip>
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          <isin value="US34960PAA93"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274680.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sealed Air Corp.</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
        <title>Sealed Air Corp.</title>
        <cusip>81211KAU4</cusip>
        <identifiers>
          <isin value="US81211KAU43"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53307.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EnLink Midstream LLC</name>
        <lei>54930000GY1H533OBE23</lei>
        <title>EnLink Midstream LLC</title>
        <cusip>29336TAA8</cusip>
        <identifiers>
          <isin value="US29336TAA88"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40104.75000000</valUSD>
        <pctVal>0.021976443096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freeport-McMoRan, Inc.</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>Freeport-McMoRan, Inc.</title>
        <cusip>35671DBJ3</cusip>
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          <isin value="US35671DBJ37"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>112540.50000000</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>2034-11-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HAT Holdings I LLC</name>
        <lei>N/A</lei>
        <title>HAT Holdings I LLC</title>
        <cusip>418751AA1</cusip>
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          <isin value="US418751AA11"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104385.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Denbury Resources, Inc.</name>
        <lei>549300KCWA5W52MS5559</lei>
        <title>Denbury Resources, Inc.</title>
        <cusip>247916AM1</cusip>
        <identifiers>
          <isin value="US247916AM12"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>148568.00000000</valUSD>
        <pctVal>0.081411708038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nabors Industries Ltd.</name>
        <lei>N/A</lei>
        <title>Nabors Industries Ltd.</title>
        <cusip>629571AA8</cusip>
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          <isin value="US629571AA86"/>
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        <balance>640000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>404800.00000000</valUSD>
        <pctVal>0.221820711148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Greetings Corp.</name>
        <lei>549300WMJOT8C9DNMF90</lei>
        <title>American Greetings Corp.</title>
        <cusip>026375AR6</cusip>
        <identifiers>
          <isin value="US026375AR68"/>
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        <balance>210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196065.45000000</valUSD>
        <pctVal>0.107439173790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NGL Energy Partners LP</name>
        <lei>N/A</lei>
        <title>NGL Energy Partners LP</title>
        <cusip>62913TAM4</cusip>
        <identifiers>
          <isin value="US62913TAM45"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137729.00000000</valUSD>
        <pctVal>0.075472195468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alliant Holdings Intermediate LLC</name>
        <lei>N/A</lei>
        <title>Alliant Holdings Intermediate LLC</title>
        <cusip>01883LAA1</cusip>
        <identifiers>
          <isin value="US01883LAA17"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>266047.50000000</valUSD>
        <pctVal>0.145787662176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CSI Compressco LP</name>
        <lei>N/A</lei>
        <title>CSI Compressco LP</title>
        <cusip>12652HAE8</cusip>
        <identifiers>
          <isin value="US12652HAE80"/>
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        <balance>72000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44640.00000000</valUSD>
        <pctVal>0.024461651545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
        <cusip>85172FAP4</cusip>
        <identifiers>
          <isin value="US85172FAP45"/>
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        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>517674.00000000</valUSD>
        <pctVal>0.283672961519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ASGN, Inc.</name>
        <lei>LZBNYYCBUKY537072438</lei>
        <title>ASGN, Inc.</title>
        <cusip>00191UAA0</cusip>
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          <isin value="US00191UAA07"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102419.00000000</valUSD>
        <pctVal>0.056123160610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vodafone Group plc</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group plc</title>
        <cusip>92857WBQ2</cusip>
        <identifiers>
          <isin value="US92857WBQ24"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>240790.48000000</valUSD>
        <pctVal>0.131947419741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2079-04-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.99999800</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SM Energy Co.</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co.</title>
        <cusip>78454LAN0</cusip>
        <identifiers>
          <isin value="US78454LAN01"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100712.00000000</valUSD>
        <pctVal>0.055187765467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Terex Corp.</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>Terex Corp.</title>
        <cusip>880779AZ6</cusip>
        <identifiers>
          <isin value="US880779AZ60"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254720.00000000</valUSD>
        <pctVal>0.139580463299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jefferies Finance LLC</name>
        <lei>N/A</lei>
        <title>Jefferies Finance LLC</title>
        <cusip>47232MAE2</cusip>
        <identifiers>
          <isin value="US47232MAE21"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196000.00000000</valUSD>
        <pctVal>0.107403308757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oasis Petroleum, Inc.</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
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        <name>Baffinland Iron Mines Corp.</name>
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        <name>Hilton Domestic Operating Co., Inc.</name>
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        <name>Del Monte Foods, Inc.</name>
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        <name>Videotron Ltd.</name>
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        <name>Resideo Funding, Inc.</name>
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      <invstOrSec>
        <name>Service Corp. International</name>
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      <invstOrSec>
        <name>Wynn Las Vegas LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Centene Corp.</name>
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        <title>Centene Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-15</maturityDt>
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        <name>Univision Communications, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>International Game Technology plc</name>
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        <invCountry>GB</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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        <name>Pilgrim's Pride Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-15</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Hudbay Minerals, Inc.</name>
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        <invCountry>CA</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>CF Industries, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HUB International Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greystar Real Estate Partners LLC</name>
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        <name>Genworth Holdings, Inc.</name>
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        <name>Capitol Investment Merger Sub 2 LLC</name>
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          <maturityDt>2024-08-01</maturityDt>
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          <annualizedRt>10.00000000</annualizedRt>
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        <name>Ruby Pipeline LLC</name>
        <lei>549300VXRTBPBK07QT94</lei>
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        <name>Darling Ingredients, Inc.</name>
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        <name>Photo Holdings Merger Sub, Inc.</name>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Simmons Foods, Inc.</name>
        <lei>5493002Z1TVWRIL6NM97</lei>
        <title>Simmons Foods, Inc.</title>
        <cusip>82873LAA3</cusip>
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        <name>JW Aluminum Continuous Cast Co.</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KFC Holding Co.</name>
        <lei>N/A</lei>
        <title>KFC Holding Co.</title>
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          <isin value="US48250NAB10"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cheniere Energy Partners LP</name>
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        <title>Cheniere Energy Partners LP</title>
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          <isin value="US16411QAD34"/>
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        <balance>260000.00000000</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>2026-10-01</maturityDt>
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      <invstOrSec>
        <name>Nexstar Broadcasting, Inc.</name>
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        <title>Nexstar Broadcasting, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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      <invstOrSec>
        <name>Mercer International, Inc.</name>
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        <title>Mercer International, Inc.</title>
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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>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>Vericast Corp.</name>
        <lei>N/A</lei>
        <title>Vericast Corp.</title>
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          <isin value="US92346BAA35"/>
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        <balance>312372.00000000</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>2024-05-01</maturityDt>
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          <annualizedRt>12.50000000</annualizedRt>
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      <invstOrSec>
        <name>KFC Holding Co.</name>
        <lei>N/A</lei>
        <title>KFC Holding Co.</title>
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          <isin value="US48250NAC92"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>428722.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Powdr Corp.</name>
        <lei>549300XIF5ZPMVRIGO50</lei>
        <title>Powdr Corp.</title>
        <cusip>73900LAA9</cusip>
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          <isin value="US73900LAA98"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102625.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vista Outdoor, Inc.</name>
        <lei>549300QI2D33ESTJLN81</lei>
        <title>Vista Outdoor, Inc.</title>
        <cusip>928377AB6</cusip>
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          <isin value="US928377AB61"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75273.38000000</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>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Uniti Group LP</name>
        <lei>N/A</lei>
        <title>Uniti Group LP</title>
        <cusip>20341WAA3</cusip>
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          <isin value="US20341WAA36"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186387.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Nuance Communications, Inc.</name>
        <lei>AEMSOT3SS15TNMJCE605</lei>
        <title>Nuance Communications, Inc.</title>
        <cusip>67020YAQ3</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>213831.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>USI, Inc.</name>
        <lei>N/A</lei>
        <title>USI, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Merlin Entertainments Ltd.</name>
        <lei>549300ZTI0VEFO6WV007</lei>
        <title>Merlin Entertainments Ltd.</title>
        <cusip>59010QAB2</cusip>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
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        <name>Transocean, Inc.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>Transocean, Inc.</title>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Getty Images, Inc.</name>
        <lei>5493005NV20IG4VEKZ40</lei>
        <title>Getty Images, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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        <name>Rockpoint Gas Storage Canada Ltd.</name>
        <lei>549300T32FQEHEIVPB75</lei>
        <title>Rockpoint Gas Storage Canada Ltd.</title>
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        <balance>100000.00000000</balance>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-31</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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        <name>Husky III Holding Ltd.</name>
        <lei>N/A</lei>
        <title>Husky III Holding Ltd.</title>
        <cusip>44810RAA6</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TEGNA, Inc.</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA, Inc.</title>
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        <balance>150000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hilcorp Energy I LP</name>
        <lei>N/A</lei>
        <title>Hilcorp Energy I LP</title>
        <cusip>431318AS3</cusip>
        <identifiers>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55338.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Calumet Specialty Products Partners LP</name>
        <lei>N/A</lei>
        <title>Calumet Specialty Products Partners LP</title>
        <cusip>131477AQ4</cusip>
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          <isin value="US131477AQ49"/>
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        <curCd>USD</curCd>
        <valUSD>137421.75000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Commercial Metals Co.</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>Commercial Metals Co.</title>
        <cusip>201723AN3</cusip>
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          <isin value="US201723AN37"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240456.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Trident TPI Holdings, Inc.</name>
        <lei>549300TPLK304J3RNC85</lei>
        <title>Trident TPI Holdings, Inc.</title>
        <cusip>89616RAA7</cusip>
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          <isin value="US89616RAA77"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98614.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bausch Health Americas, Inc.</name>
        <lei>KOO0397YRO83WY5MGD97</lei>
        <title>Bausch Health Americas, Inc.</title>
        <cusip>91911XAW4</cusip>
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          <isin value="US91911XAW48"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>557007.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TMS International Holding Corp.</name>
        <lei>N/A</lei>
        <title>TMS International Holding Corp.</title>
        <cusip>87261QAB9</cusip>
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          <isin value="US87261QAB95"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>83500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Allison Transmission, Inc.</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission, Inc.</title>
        <cusip>019736AE7</cusip>
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          <isin value="US019736AE70"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104856.00000000</valUSD>
        <pctVal>0.057458578281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Werner FinCo. LP</name>
        <lei>N/A</lei>
        <title>Werner FinCo. LP</title>
        <cusip>95076PAA1</cusip>
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          <isin value="US95076PAA12"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129546.75000000</valUSD>
        <pctVal>0.070988518310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
        <cusip>404119AJ8</cusip>
        <identifiers>
          <isin value="US404119AJ84"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>270212.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Veritas US, Inc.</name>
        <lei>N/A</lei>
        <title>Veritas US, Inc.</title>
        <cusip>92346LAA1</cusip>
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          <isin value="US92346LAA17"/>
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        <balance>740000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>679797.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Quebecor Media, Inc.</name>
        <lei>5493006O1E1TBNKPQW25</lei>
        <title>Quebecor Media, Inc.</title>
        <cusip>74819RAP1</cusip>
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          <isin value="US74819RAP10"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>437162.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michael Kors USA, Inc.</name>
        <lei>549300MIBZ1H6BCOET19</lei>
        <title>Michael Kors USA, Inc.</title>
        <cusip>59408TAA8</cusip>
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          <isin value="US59408TAA88"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142843.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000200</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Whiting Petroleum Corp.</name>
        <lei>52990028CHK9KUB1B293</lei>
        <title>Whiting Petroleum Corp.</title>
        <cusip>966387AH5</cusip>
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          <isin value="US966387AH55"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southwestern Energy Co.</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
        <title>Southwestern Energy Co.</title>
        <cusip>845467AL3</cusip>
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          <isin value="US845467AL33"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>389243.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.45000100</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Suburban Propane Partners LP</name>
        <lei>N/A</lei>
        <title>Suburban Propane Partners LP</title>
        <cusip>864486AH8</cusip>
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          <isin value="US864486AH86"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112399.65000000</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>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>MEDNAX, Inc.</name>
        <lei>N/A</lei>
        <title>MEDNAX, Inc.</title>
        <cusip>58502BAC0</cusip>
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          <isin value="US58502BAC00"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>476446.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>PBF Holding Co. LLC</name>
        <lei>N/A</lei>
        <title>PBF Holding Co. LLC</title>
        <cusip>69318FAH1</cusip>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120536.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cleaver-Brooks, Inc.</name>
        <lei>549300TRZDD68CZBS255</lei>
        <title>Cleaver-Brooks, Inc.</title>
        <cusip>185401AG1</cusip>
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          <isin value="US185401AG14"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96114.50000000</valUSD>
        <pctVal>0.052668445508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Masonite International Corp.</name>
        <lei>549300H0H07ZFT4JYM32</lei>
        <title>Masonite International Corp.</title>
        <cusip>575385AB5</cusip>
        <identifiers>
          <isin value="US575385AB52"/>
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        <name>Live Nation Entertainment, Inc.</name>
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        <name>Kraft Heinz Foods Co.</name>
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        <name>Post Holdings, Inc.</name>
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        <name>Big River Steel LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
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        <name>Scotts Miracle-Gro Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Staples, Inc.</name>
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        <name>Energizer Holdings, Inc.</name>
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        <name>Kraft Heinz Foods Co.</name>
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        <name>Precision Drilling Corp.</name>
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        <name>Eagle Intermediate Global Holding BV</name>
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        <name>Centennial Resource Production LLC</name>
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        <name>Rackspace Hosting, Inc.</name>
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        <name>Nouryon Holding BV</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Ithaca Energy North Sea plc</name>
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        <name>Match Group Holdings II LLC</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>TopBuild Corp.</name>
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        <name>CCO Holdings LLC</name>
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        <name>CF Industries, Inc.</name>
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        <name>Transocean Sentry Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>

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        <name>CCO Holdings LLC</name>
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        <name>Liberty Interactive LLC</name>
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        <name>TransDigm, Inc.</name>
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        <name>Indigo Natural Resources LLC</name>
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        <name>1011778 BC ULC</name>
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        <name>Molina Healthcare, Inc.</name>
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        <name>Dell International LLC</name>
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        <name>Macy's Retail Holdings LLC</name>
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        <name>Wolverine Escrow LLC</name>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Matador Resources Co.</name>
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          <isin value="US576485AE64"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>NCR Corp.</name>
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        <title>NCR Corp.</title>
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          <isin value="US62886EAV02"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Chemours Co. (The)</name>
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          <isin value="US163851AE83"/>
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        <balance>5000.00000000</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>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647AZ0</cusip>
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          <isin value="US893647AZ06"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196521.00000000</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>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Airlines Holdings, Inc.</name>
        <lei>98450079DA0B78DD6764</lei>
        <title>United Airlines Holdings, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>362096.33000000</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>2022-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications, Inc.</title>
        <cusip>914906AU6</cusip>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>703836.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VICI Properties LP</name>
        <lei>N/A</lei>
        <title>VICI Properties LP</title>
        <cusip>92564RAA3</cusip>
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          <isin value="US92564RAA32"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>304314.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Molina Healthcare, Inc.</name>
        <lei>549300NQQCEQ46YHZ591</lei>
        <title>Molina Healthcare, Inc.</title>
        <cusip>60855RAJ9</cusip>
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          <isin value="US60855RAJ95"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164847.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KFC Holding Co.</name>
        <lei>N/A</lei>
        <title>KFC Holding Co.</title>
        <cusip>48250NAA3</cusip>
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          <isin value="US48250NAA37"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205381.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>W&amp;T Offshore, Inc.</name>
        <lei>549300Q7EOY2YIO3YK85</lei>
        <title>W&amp;T Offshore, Inc.</title>
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        <balance>215000.00000000</balance>
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        <valUSD>143865.10000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BB2</cusip>
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          <isin value="US893647BB29"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>407812.20000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Jonah Energy LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <name>APX Group, Inc.</name>
        <lei>549300OMQVKPRU98OE64</lei>
        <title>APX Group, Inc.</title>
        <cusip>00213MAK0</cusip>
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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>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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        <name>Antero Resources Corp.</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
        <title>Antero Resources Corp.</title>
        <cusip>03674XAF3</cusip>
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        <balance>350000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.62500000</annualizedRt>
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        <name>Flex Acquisition Co., Inc.</name>
        <lei>549300HHED2KGPBEDW39</lei>
        <title>Flex Acquisition Co., Inc.</title>
        <cusip>33936YAC9</cusip>
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          <isin value="US33936YAC93"/>
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        <valUSD>233908.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>Intrado Corp.</name>
        <lei>5493005Z5DB0O5S30R71</lei>
        <title>Intrado Corp.</title>
        <cusip>68163PAA2</cusip>
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        <balance>730000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-15</maturityDt>
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          <annualizedRt>8.50000000</annualizedRt>
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        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos., Inc.</title>
        <cusip>91831AAC5</cusip>
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        <balance>815000.00000000</balance>
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        <valUSD>842302.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mack-Cali Realty LP</name>
        <lei>549300MJC9VNA6VSEE11</lei>
        <title>Mack-Cali Realty LP</title>
        <cusip>55448QAS5</cusip>
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        <name>CoreCivic, Inc.</name>
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        <name>Sinclair Television Group, Inc.</name>
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        <name>Ashton Woods USA LLC</name>
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        <name>VICI Properties LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Realogy Group LLC</name>
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        <name>C&amp;W Senior Financing DAC</name>
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        <name>WESCO Distribution, Inc.</name>
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        <name>West Street Merger Sub, Inc.</name>
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        <name>Innophos Holdings, Inc.</name>
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        <name>Kennedy-Wilson, Inc.</name>
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        <name>Asbury Automotive Group, Inc.</name>
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        <name>Magnolia Oil &amp; Gas Operating LLC</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Infrabuild Australia Pty. Ltd.</name>
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        <name>Downstream Development Authority of the Quapaw Tribe of Oklahoma</name>
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      <invstOrSec>
        <name>Century Communities, Inc.</name>
        <lei>5299002QMB2O7ZL1CA26</lei>
        <title>Century Communities, Inc.</title>
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          <isin value="US156504AL63"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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      <invstOrSec>
        <name>Avantor, Inc.</name>
        <lei>N/A</lei>
        <title>Avantor, Inc.</title>
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          <isin value="US05352AAA88"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>EnPro Industries, Inc.</name>
        <lei>549300Y5CFT2LKCFDN54</lei>
        <title>EnPro Industries, Inc.</title>
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          <isin value="US29355XAG25"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>TransDigm UK Holdings plc</name>
        <lei>549300JTYP71LZZSE903</lei>
        <title>TransDigm UK Holdings plc</title>
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          <isin value="US89365DAB91"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <name>Lamb Weston Holdings, Inc.</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>Lamb Weston Holdings, Inc.</title>
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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>2026-11-01</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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        <name>HLF Financing Sarl LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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        <name>Altice France Holding SA</name>
        <lei>5299000JVHXKJPOE6H40</lei>
        <title>Altice France Holding SA</title>
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        <curCd>USD</curCd>
        <valUSD>1377750.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
        <cusip>345370CS7</cusip>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119412.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.29100000</annualizedRt>
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        <name>Rattler Midstream LP</name>
        <lei>549300I45NRVEEN9M219</lei>
        <title>Rattler Midstream LP</title>
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          <isin value="US75419TAA16"/>
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        <curCd>USD</curCd>
        <valUSD>158593.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <name>Tallgrass Energy Partners LP</name>
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        <title>Tallgrass Energy Partners LP</title>
        <cusip>87470LAA9</cusip>
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        <curCd>USD</curCd>
        <valUSD>432983.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Crestwood Midstream Partners LP</name>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Graham Holdings Co.</name>
        <lei>529900BOSCEEEMAFQJ29</lei>
        <title>Graham Holdings Co.</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>PBF Logistics LP</name>
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        <title>PBF Logistics LP</title>
        <cusip>69318UAB1</cusip>
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        <invCountry>US</invCountry>
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        <name>Viking Cruises Ltd.</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>Viking Cruises Ltd.</title>
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        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>Goodyear Tire &amp; Rubber Co. (The)</title>
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        <name>Trinseo Materials Operating SCA</name>
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        <title>Trinseo Materials Operating SCA</title>
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        <invCountry>LU</invCountry>

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        <name>Performance Food Group, Inc.</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>Performance Food Group, Inc.</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
        <cusip>674599CE3</cusip>
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        <balance>265000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-15</maturityDt>
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          <annualizedRt>2.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post Holdings, Inc.</title>
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          <isin value="US737446AN44"/>
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        <curCd>USD</curCd>
        <valUSD>388609.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NortonLifeLock, Inc.</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
        <title>NortonLifeLock, Inc.</title>
        <cusip>871503AU2</cusip>
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          <isin value="US871503AU26"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>464670.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MEG Energy Corp.</name>
        <lei>5493002WXPTG5ZC1T326</lei>
        <title>MEG Energy Corp.</title>
        <cusip>552704AC2</cusip>
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          <isin value="US552704AC21"/>
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        <balance>222000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212033.31000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>Live Nation Entertainment, Inc.</title>
        <cusip>538034AR0</cusip>
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          <isin value="US538034AR08"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>263714.78000000</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>2027-10-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NGL Energy Partners LP</name>
        <lei>N/A</lei>
        <title>NGL Energy Partners LP</title>
        <cusip>62913TAP7</cusip>
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          <isin value="US62913TAP75"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>86542.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brookfield Residential Properties, Inc.</name>
        <lei>N/A</lei>
        <title>Brookfield Residential Properties, Inc.</title>
        <cusip>11283WAC8</cusip>
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          <isin value="US11283WAC82"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112050.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NMI Holdings, Inc.</name>
        <lei>529900KNNGFXJX1C3Z08</lei>
        <title>NMI Holdings, Inc.</title>
        <cusip>629209AA5</cusip>
        <identifiers>
          <isin value="US629209AA52"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108855.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kratos Defense &amp; Security Solutions, Inc.</name>
        <lei>5493000EKBN0UY1F3F88</lei>
        <title>Kratos Defense &amp; Security Solutions, Inc.</title>
        <cusip>50077BAM0</cusip>
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          <isin value="US50077BAM00"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105864.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
        <cusip>44106MAR3</cusip>
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          <isin value="US44106MAR34"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95187.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northwest Fiber LLC</name>
        <lei>N/A</lei>
        <title>Northwest Fiber LLC</title>
        <cusip>667449AA0</cusip>
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          <isin value="US667449AA03"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54625.00000000</valUSD>
        <pctVal>0.029933192555</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.75000000</annualizedRt>
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      <invstOrSec>
        <name>Murphy Oil Corp.</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
        <title>Murphy Oil Corp.</title>
        <cusip>626717AH5</cusip>
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          <isin value="US626717AH56"/>
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        <balance>128000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127693.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Park Intermediate Holdings LLC</name>
        <lei>N/A</lei>
        <title>Park Intermediate Holdings LLC</title>
        <cusip>70052LAA1</cusip>
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          <isin value="US70052LAA17"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>320662.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisiana-Pacific Corp.</name>
        <lei>549300C7E2UAO5BVRR75</lei>
        <title>Louisiana-Pacific Corp.</title>
        <cusip>546347AK1</cusip>
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          <isin value="US546347AK18"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103239.50000000</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>2024-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Donnelley Financial Solutions, Inc.</name>
        <lei>549300O1NPY4J56QCU04</lei>
        <title>Donnelley Financial Solutions, Inc.</title>
        <cusip>25787GAC4</cusip>
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          <isin value="US25787GAC42"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182456.10000000</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>2024-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>Ortho-Clinical Diagnostics, Inc.</name>
        <lei>N/A</lei>
        <title>Ortho-Clinical Diagnostics, Inc.</title>
        <cusip>68752DAA6</cusip>
        <identifiers>
          <isin value="US68752DAA63"/>
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        <balance>425000.00000000</balance>
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        <valUSD>445453.13000000</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>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>IAA, Inc.</name>
        <lei>549300PZCOPC5178W747</lei>
        <title>IAA, Inc.</title>
        <cusip>449253AB9</cusip>
        <identifiers>
          <isin value="US449253AB91"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106812.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>L Brands, Inc.</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>L Brands, Inc.</title>
        <cusip>501797AR5</cusip>
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          <isin value="US501797AR52"/>
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        <balance>367000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>378307.27000000</valUSD>
        <pctVal>0.207303329209</pctVal>
        <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>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Suburban Propane Partners LP</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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      <invstOrSec>
        <name>MPT Operating Partnership LP</name>
        <lei>N/A</lei>
        <title>MPT Operating Partnership LP</title>
        <cusip>55342UAJ3</cusip>
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          <isin value="US55342UAJ34"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105828.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sprint Corp.</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>Sprint Corp.</title>
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          <isin value="US85207UAK16"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250299.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOVA Chemicals Corp.</name>
        <lei>5493007M1XGU5E55ZJ25</lei>
        <title>NOVA Chemicals Corp.</title>
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          <isin value="US66977WAN92"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Macy's, Inc.</name>
        <lei>529900NZQ81TIOW3CW52</lei>
        <title>Macy's, Inc.</title>
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          <isin value="US55616PAA21"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522980.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
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          <annualizedRt>8.37500000</annualizedRt>
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      <invstOrSec>
        <name>Mueller Water Products, Inc.</name>
        <lei>549300F7ZU4P1F8V8L60</lei>
        <title>Mueller Water Products, Inc.</title>
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        <valUSD>105424.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Calumet Specialty Products Partners LP</name>
        <lei>N/A</lei>
        <title>Calumet Specialty Products Partners LP</title>
        <cusip>131477AT8</cusip>
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          <isin value="US131477AT87"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145498.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-15</maturityDt>
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          <annualizedRt>11.00000000</annualizedRt>
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      <invstOrSec>
        <name>Change Healthcare Holdings LLC</name>
        <lei>N/A</lei>
        <title>Change Healthcare Holdings LLC</title>
        <cusip>15911NAA3</cusip>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>491400.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Vistra Operations Co. LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>Vistra Operations Co. LLC</title>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>263750.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Cirsa Finance International Sarl</name>
        <lei>254900KUJN6DHWH2K029</lei>
        <title>Cirsa Finance International Sarl</title>
        <cusip>50200RAA1</cusip>
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          <isin value="US50200RAA14"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>289850.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>Norbord, Inc.</name>
        <lei>549300VL705RQ5PHI407</lei>
        <title>Norbord, Inc.</title>
        <cusip>65548PAF3</cusip>
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          <isin value="US65548PAF36"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>213712.00000000</valUSD>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Sonic Automotive, Inc.</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>Sonic Automotive, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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        <name>Par Pharmaceutical, Inc.</name>
        <lei>549300KK5WR4MGN4YT97</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>Ingles Markets, Inc.</name>
        <lei>549300XH5RYBMYP8TF26</lei>
        <title>Ingles Markets, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Warrior Met Coal, Inc.</name>
        <lei>549300152B1S9YKBYV79</lei>
        <title>Warrior Met Coal, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Ventures Gom LLC</name>
        <lei>N/A</lei>
        <title>Energy Ventures Gom LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>11.00000000</annualizedRt>
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      <invstOrSec>
        <name>Range Resources Corp.</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
        <title>Range Resources Corp.</title>
        <cusip>75281ABA6</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Summit Midstream Holdings LLC</name>
        <lei>N/A</lei>
        <title>Summit Midstream Holdings LLC</title>
        <cusip>86614WAC0</cusip>
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        <balance>100000.00000000</balance>
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        <valUSD>65351.50000000</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>2022-08-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schweitzer-Mauduit International, Inc.</name>
        <lei>549300Z1FU4IDULG1R21</lei>
        <title>Schweitzer-Mauduit International, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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      <invstOrSec>
        <name>Citgo Holding, Inc.</name>
        <lei>549300NYHOALWZ2BSL72</lei>
        <title>Citgo Holding, Inc.</title>
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        <valUSD>491225.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
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      <invstOrSec>
        <name>Party City Holdings, Inc.</name>
        <lei>5493005PYM1JS6EZN307</lei>
        <title>Party City Holdings, Inc.</title>
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          <isin value="US702150AD53"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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        <name>CVR Energy, Inc.</name>
        <lei>529900SOYZIXZBTXB558</lei>
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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>5.75000000</annualizedRt>
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        <name>Spirit AeroSystems, Inc.</name>
        <lei>ZD2NBKV6GCC3UMGBM518</lei>
        <title>Spirit AeroSystems, Inc.</title>
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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>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Immucor, Inc.</name>
        <lei>549300CSHW546WORC082</lei>
        <title>Immucor, Inc.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.12500000</annualizedRt>
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      <invstOrSec>
        <name>Presidio Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Presidio Holdings, Inc.</title>
        <cusip>74101XAF7</cusip>
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          <isin value="US74101XAF78"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>443328.13000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Compass Minerals International, Inc.</name>
        <lei>2549008X9G8XP7YJGC47</lei>
        <title>Compass Minerals International, Inc.</title>
        <cusip>20451NAG6</cusip>
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          <isin value="US20451NAG60"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152136.60000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <name>CONSOL Energy, Inc.</name>
        <lei>549300YJCTPJBTK7IJ81</lei>
        <title>CONSOL Energy, Inc.</title>
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        <balance>125000.00000000</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>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</annualizedRt>
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        <name>Zayo Group Holdings, Inc.</name>
        <lei>529900Z6OTS7RT0V0I47</lei>
        <title>Zayo Group Holdings, Inc.</title>
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        <balance>475000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Precision Drilling Corp.</name>
        <lei>549300WF2OE8T5BP4B84</lei>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Carlson Travel, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
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        <balance>345000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US Foods, Inc.</name>
        <lei>5493000JOOFAOUY1JZ87</lei>
        <title>US Foods, Inc.</title>
        <cusip>90290MAC5</cusip>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Dole Food Co., Inc.</name>
        <lei>549300BHY23LFYB85T03</lei>
        <title>Dole Food Co., Inc.</title>
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        <name>iStar, Inc.</name>
        <lei>QFFLKWYYS3UPWD86E794</lei>
        <title>iStar, Inc.</title>
        <cusip>45031UCF6</cusip>
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        <balance>550000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Endo DAC</name>
        <lei>N/A</lei>
        <title>Endo DAC</title>
        <cusip>29273DAB6</cusip>
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        <balance>88000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94930.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-31</maturityDt>
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          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>MPT Operating Partnership LP</name>
        <lei>N/A</lei>
        <title>MPT Operating Partnership LP</title>
        <cusip>55342UAG9</cusip>
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        <name>Emera, Inc.</name>
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        <name>Sally Holdings LLC</name>
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        <name>1011778 BC ULC</name>
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        <name>TMX Finance LLC</name>
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        <name>Parkland Corp.</name>
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        <name>Ford Motor Credit Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Uniti Group LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Sprint Corp.</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>Sprint Corp.</title>
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        <name>KB Home</name>
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        <name>Parkland Corp.</name>
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        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>DISH DBS Corp.</name>
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        <name>Uniti Group LP</name>
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        <name>FS Energy &amp; Power Fund</name>
        <lei>54930004XHN0QROEGZ58</lei>
        <title>FS Energy &amp; Power Fund</title>
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        <name>Arconic Corp.</name>
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        <title>Arconic Corp.</title>
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        <name>Viking Cruises Ltd.</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>Viking Cruises Ltd.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Urban One, Inc.</name>
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      <invstOrSec>
        <name>SBA Communications Corp.</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA Communications Corp.</title>
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          <isin value="US78410GAB05"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Teleflex, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LPL Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fortress Transportation and Infrastructure Investors LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>Encompass Health Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Jacobs Entertainment, Inc.</name>
        <lei>5493004U9JIWY3HSUO63</lei>
        <title>Jacobs Entertainment, Inc.</title>
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        <balance>230000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-01</maturityDt>
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          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>Dealer Tire LLC</name>
        <lei>N/A</lei>
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          <isin value="US24229JAA16"/>
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        <valUSD>221625.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>Intertape Polymer Group, Inc.</name>
        <lei>549300ESFR3Z1YNR6O65</lei>
        <title>Intertape Polymer Group, Inc.</title>
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          <isin value="US460919AA12"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-15</maturityDt>
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        <name>Alliance Resource Operating Partners LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>Elanco Animal Health, Inc.</name>
        <lei>549300SHPNDCE059M934</lei>
        <title>Elanco Animal Health, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Summit Midstream Holdings LLC</name>
        <lei>N/A</lei>
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        <name>Michaels Stores, Inc.</name>
        <lei>BV4WJ23XIGNG4UDYEK73</lei>
        <title>Michaels Stores, Inc.</title>
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        <name>Belo Corp.</name>
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        <name>Plastipak Holdings, Inc.</name>
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        <name>Booz Allen Hamilton, Inc.</name>
        <lei>549300D7XCH2480XU542</lei>
        <title>Booz Allen Hamilton, Inc.</title>
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        <name>Qorvo, Inc.</name>
        <lei>254900YAUJV2EUEVBR11</lei>
        <title>Qorvo, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Denbury Resources, Inc.</name>
        <lei>549300KCWA5W52MS5559</lei>
        <title>Denbury Resources, Inc.</title>
        <cusip>247916AF6</cusip>
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        <balance>150000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2021-05-15</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Bed Bath &amp; Beyond, Inc.</name>
        <lei>529900ZBUWWUV7BKGX39</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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      <invstOrSec>
        <name>Kraft Heinz Foods Co.</name>
        <lei>5493003STKEZ2S0RNU91</lei>
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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>2035-07-15</maturityDt>
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      <invstOrSec>
        <name>USA Compression Partners LP</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cleveland-Cliffs, Inc.</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>Cleveland-Cliffs, Inc.</title>
        <cusip>185899AJ0</cusip>
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          <isin value="US185899AJ02"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>382812.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-17</maturityDt>
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          <annualizedRt>9.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Whiting Petroleum Corp.</name>
        <lei>52990028CHK9KUB1B293</lei>
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          <isin value="US966387AP71"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36625.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Navistar International Corp.</name>
        <lei>WNDD3CRVXJGC8I7GX671</lei>
        <title>Navistar International Corp.</title>
        <cusip>63934EAT5</cusip>
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          <isin value="US63934EAT55"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>616563.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MPH Acquisition Holdings LLC</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MPH Acquisition Holdings LLC</title>
        <cusip>553283AB8</cusip>
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          <isin value="US553283AB86"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>616500.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Catalent Pharma Solutions, Inc.</name>
        <lei>549300HALRZ339MSTH85</lei>
        <title>Catalent Pharma Solutions, Inc.</title>
        <cusip>14879EAD0</cusip>
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          <isin value="US14879EAD04"/>
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        <curCd>USD</curCd>
        <valUSD>103106.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-15</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC Holdings LLC</title>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>691011.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>AmWINS Group, Inc.</name>
        <lei>549300SJE7MUB8NMRG61</lei>
        <title>AmWINS Group, Inc.</title>
        <cusip>031921AA7</cusip>
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          <isin value="US031921AA74"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82860.75000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Polaris Intermediate Corp.</name>
        <lei>N/A</lei>
        <title>Polaris Intermediate Corp.</title>
        <cusip>73107GAA1</cusip>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>585781.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Vector Group Ltd.</name>
        <lei>549300TUIF4WWN6NDN50</lei>
        <title>Vector Group Ltd.</title>
        <cusip>92240MBF4</cusip>
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          <isin value="US92240MBF41"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>523031.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wynn Las Vegas LLC</name>
        <lei>N/A</lei>
        <title>Wynn Las Vegas LLC</title>
        <cusip>983130AU9</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93938.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-30</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Ashton Woods USA LLC</name>
        <lei>N/A</lei>
        <title>Ashton Woods USA LLC</title>
        <cusip>045086AK1</cusip>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151500.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Cargo Aircraft Management, Inc.</name>
        <lei>549300GH5J7LOMV44F11</lei>
        <title>Cargo Aircraft Management, Inc.</title>
        <cusip>14180LAA4</cusip>
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          <isin value="US14180LAA44"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102500.00000000</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>2028-02-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>Cenovus Energy, Inc.</name>
        <lei>549300EIRQ0Z2B9C1W06</lei>
        <title>Cenovus Energy, Inc.</title>
        <cusip>15135UAJ8</cusip>
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        <balance>350000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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      <invstOrSec>
        <name>Washington Prime Group LP</name>
        <lei>549300K4BNOIQ154O537</lei>
        <title>Washington Prime Group LP</title>
        <cusip>939648AE1</cusip>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>137411.75000000</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>2024-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.45000100</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ascent Resources Utica Holdings LLC</name>
        <lei>N/A</lei>
        <title>Ascent Resources Utica Holdings LLC</title>
        <cusip>04364VAG8</cusip>
        <identifiers>
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      <invstOrSec>
        <name>Cedar Fair LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Royal Caribbean Cruises Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AECOM</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
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        <name>American Airlines Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Development Authority (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Xerox Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-15</maturityDt>
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        <name>Xerox Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FMG Resources August 2006 Pty. Ltd.</name>
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        <invCountry>AU</invCountry>
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        <name>CSI Compressco LP</name>
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        <name>LGI Homes, Inc.</name>
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        <name>Hologic, Inc.</name>
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        <name>Sprint Capital Corp.</name>
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        <title>Sprint Capital Corp.</title>
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        <name>CDK Global, Inc.</name>
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        <name>Boyd Gaming Corp.</name>
        <lei>254900787YGRYS2A1Z35</lei>
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        <name>Refinitiv US Holdings, Inc.</name>
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        <name>Sensata Technologies UK Financing Co. plc</name>
        <lei>635400EUADS212PJER83</lei>
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        <name>Netflix, Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wabash National Corp.</name>
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        <title>Wabash National Corp.</title>
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        <curCd>USD</curCd>
        <valUSD>97614.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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      <invstOrSec>
        <name>AMN Healthcare, Inc.</name>
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        <title>AMN Healthcare, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>N/A</lei>
        <title>Garda World Security Corp.</title>
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          <isin value="US36257BAA70"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294756.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cimpress plc</name>
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          <isin value="US17186HAC60"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152484.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Howmet Aerospace, Inc.</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>Howmet Aerospace, Inc.</title>
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          <isin value="US022249AU09"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170148.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC</title>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>806360.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Diamond Sports Group LLC</name>
        <lei>N/A</lei>
        <title>Diamond Sports Group LLC</title>
        <cusip>25277LAA4</cusip>
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          <isin value="US25277LAA44"/>
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        <balance>748000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>577818.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Liberty Interactive LLC</name>
        <lei>549300SZUIU7Z32Q0664</lei>
        <title>Liberty Interactive LLC</title>
        <cusip>530715AJ0</cusip>
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          <isin value="US530715AJ01"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>317074.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Transocean, Inc.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>Transocean, Inc.</title>
        <cusip>893830BB4</cusip>
        <identifiers>
          <isin value="US893830BB42"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51750.00000000</valUSD>
        <pctVal>0.028357761368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37499900</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PetSmart, Inc.</name>
        <lei>N/A</lei>
        <title>PetSmart, Inc.</title>
        <cusip>716768AC0</cusip>
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          <isin value="US716768AC09"/>
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        <balance>34000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34935.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>DISH DBS Corp.</name>
        <lei>N/A</lei>
        <title>DISH DBS Corp.</title>
        <cusip>25470XAW5</cusip>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>553407.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>GCP Applied Technologies, Inc.</name>
        <lei>5493007G654QKQVEKV09</lei>
        <title>GCP Applied Technologies, Inc.</title>
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        <balance>100000.00000000</balance>
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        <valUSD>102356.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>Live Nation Entertainment, Inc.</title>
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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>2024-11-01</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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        <name>NCL Corp. Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCL Corp. Ltd.</title>
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        <balance>435000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-15</maturityDt>
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          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>Crown Cork &amp; Seal Co., Inc.</name>
        <lei>7HLDMDH0ZXNUH6PT7Z42</lei>
        <title>Crown Cork &amp; Seal Co., Inc.</title>
        <cusip>228255AH8</cusip>
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        <balance>120000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>Jefferies Finance LLC</name>
        <lei>N/A</lei>
        <title>Jefferies Finance LLC</title>
        <cusip>47232MAD4</cusip>
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        <balance>110000.00000000</balance>
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        <valUSD>101486.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-15</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iHeartCommunications, Inc.</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>iHeartCommunications, Inc.</title>
        <cusip>45174HBC0</cusip>
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          <isin value="US45174HBC07"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105484.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
        <cusip>85172FAQ2</cusip>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>172146.00000000</valUSD>
        <pctVal>0.094331887700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Radiate Holdco LLC</name>
        <lei>N/A</lei>
        <title>Radiate Holdco LLC</title>
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          <isin value="US75026JAA88"/>
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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>2025-02-15</maturityDt>
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          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Wolverine Escrow LLC</name>
        <lei>N/A</lei>
        <title>Wolverine Escrow LLC</title>
        <cusip>97789LAA4</cusip>
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          <isin value="US97789LAA44"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>397500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>13.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JB Poindexter &amp; Co., Inc.</name>
        <lei>549300W6P81HOZZGPQ16</lei>
        <title>JB Poindexter &amp; Co., Inc.</title>
        <cusip>730481AJ7</cusip>
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          <isin value="US730481AJ74"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31756.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triumph Group, Inc.</name>
        <lei>5493007L6S47Q14SL582</lei>
        <title>Triumph Group, Inc.</title>
        <cusip>896818AQ4</cusip>
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          <isin value="US896818AQ45"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>243232.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rain CII Carbon LLC</name>
        <lei>N/A</lei>
        <title>Rain CII Carbon LLC</title>
        <cusip>75079RAC2</cusip>
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          <isin value="US75079RAC25"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>295684.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oasis Petroleum, Inc.</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
        <title>Oasis Petroleum, Inc.</title>
        <cusip>674215AG3</cusip>
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          <isin value="US674215AG39"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47118.75000000</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>2022-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Terrier Media Buyer, Inc.</name>
        <lei>N/A</lei>
        <title>Terrier Media Buyer, Inc.</title>
        <cusip>88146LAA1</cusip>
        <identifiers>
          <isin value="US88146LAA17"/>
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        <balance>820000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>842037.50000000</valUSD>
        <pctVal>0.461416395907</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Connect Finco SARL</name>
        <lei>N/A</lei>
        <title>Connect Finco SARL</title>
        <cusip>20752TAA2</cusip>
        <identifiers>
          <isin value="US20752TAA25"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1335035.00000000</valUSD>
        <pctVal>0.731567226056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iHeartCommunications, Inc.</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>iHeartCommunications, Inc.</title>
        <cusip>45174HBE6</cusip>
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          <isin value="US45174HBE62"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>268097.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Crestwood Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>Crestwood Midstream Partners LP</title>
        <cusip>226373AL2</cusip>
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          <isin value="US226373AL21"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145515.75000000</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>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Colt Merger Sub, Inc.</name>
        <lei>N/A</lei>
        <title>Colt Merger Sub, Inc.</title>
        <cusip>28470RAK8</cusip>
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          <isin value="US28470RAK86"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102005.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brookfield Residential Properties, Inc.</name>
        <lei>N/A</lei>
        <title>Brookfield Residential Properties, Inc.</title>
        <cusip>11283YAB6</cusip>
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          <isin value="US11283YAB65"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>265613.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>TPC Group, Inc.</name>
        <lei>549300K276KVW5JD1583</lei>
        <title>TPC Group, Inc.</title>
        <cusip>89236YAB0</cusip>
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        <balance>670000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-01</maturityDt>
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          <annualizedRt>10.50000000</annualizedRt>
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      <invstOrSec>
        <name>Gap, Inc. (The)</name>
        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
        <title>Gap, Inc. (The)</title>
        <cusip>364760AN8</cusip>
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        <balance>150000.00000000</balance>
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        <valUSD>167812.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>8.87500000</annualizedRt>
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      <invstOrSec>
        <name>Whiting Petroleum Corp.</name>
        <lei>52990028CHK9KUB1B293</lei>
        <title>Whiting Petroleum Corp.</title>
        <cusip>966387BG6</cusip>
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          <isin value="US966387BG63"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Natural Resource Partners LP</name>
        <lei>N/A</lei>
        <title>Natural Resource Partners LP</title>
        <cusip>63902MAE8</cusip>
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        <balance>150000.00000000</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>2025-06-30</maturityDt>
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          <annualizedRt>9.12500000</annualizedRt>
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      <invstOrSec>
        <name>TripAdvisor, Inc.</name>
        <lei>N/A</lei>
        <title>TripAdvisor, Inc.</title>
        <cusip>896945AA0</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104967.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sprint Capital Corp.</name>
        <lei>549300L17W0GQBR1PO80</lei>
        <title>Sprint Capital Corp.</title>
        <cusip>852060AD4</cusip>
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        <name>Sunoco LP</name>
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      <invstOrSec>
        <name>BCD Acquisition, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Macy's Retail Holdings LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-01</maturityDt>
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        <name>Wyndham Destinations, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-01</maturityDt>
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        <name>Sigma Holdco BV</name>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-15</maturityDt>
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      <invstOrSec>
        <name>Sugarhouse HSP Gaming Prop Mezz LP</name>
        <lei>N/A</lei>
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        <valUSD>95364.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-15</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>International Game Technology plc</name>
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        <balance>500000.00000000</balance>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Weatherford International Ltd.</name>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>381832.50000000</valUSD>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-01</maturityDt>
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          <annualizedRt>11.00000000</annualizedRt>
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      <invstOrSec>
        <name>Global Partners LP</name>
        <lei>N/A</lei>
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        <balance>100000.00000000</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>2023-06-15</maturityDt>
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        <name>Mileage Plus Holdings LLC</name>
        <lei>N/A</lei>
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        <balance>150000.00000000</balance>
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        <valUSD>155625.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-20</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
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        <invCountry>CA</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sprint Corp.</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>Sprint Corp.</title>
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        <balance>700000.00000000</balance>
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        <valUSD>813750.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-15</maturityDt>
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          <annualizedRt>7.87500000</annualizedRt>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
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        <valUSD>527700.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Callon Petroleum Co.</name>
        <lei>549300EFOWPEB0WLZW21</lei>
        <title>Callon Petroleum Co.</title>
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        <balance>400000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-04-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Kraft Heinz Foods Co.</name>
        <lei>5493003STKEZ2S0RNU91</lei>
        <title>Kraft Heinz Foods Co.</title>
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        <name>Western Digital Corp.</name>
        <lei>549300QQXOOYEF89IC56</lei>
        <title>Western Digital Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Meredith Corp.</name>
        <lei>549300YC8BC386CCTS24</lei>
        <title>Meredith Corp.</title>
        <cusip>589433AB7</cusip>
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        <balance>872000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-01</maturityDt>
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          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Compass Group Diversified Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US Foods, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISH DBS Corp.</name>
        <lei>N/A</lei>
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          <isin value="US25470XAJ46"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Ford Holdings LLC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>381875.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.30000000</annualizedRt>
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      <invstOrSec>
        <name>Midcontinent Communications</name>
        <lei>N/A</lei>
        <title>Midcontinent Communications</title>
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          <isin value="US59565XAC48"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208336.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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      <invstOrSec>
        <name>DCP Midstream LP</name>
        <lei>52990024YYS3MLGW0E91</lei>
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        <cusip>23311PAA8</cusip>
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          <isin value="US23311PAA84"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>168291.37000000</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>2022-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Bruin E&amp;P Partners LLC</name>
        <lei>549300NZ4QCWC7W8KP34</lei>
        <title>Bruin E&amp;P Partners LLC</title>
        <cusip>11680JAA0</cusip>
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          <isin value="US11680JAA07"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cinemark USA, Inc.</name>
        <lei>54930008H2137JSCPQ09</lei>
        <title>Cinemark USA, Inc.</title>
        <cusip>172441AX5</cusip>
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          <isin value="US172441AX54"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192173.30000000</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>2022-12-15</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>PulteGroup, Inc.</name>
        <lei>N/A</lei>
        <title>PulteGroup, Inc.</title>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ziggo Bond Co. BV</name>
        <lei>213800JYI4P7V5QDOG59</lei>
        <title>Ziggo Bond Co. BV</title>
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        <balance>365000.00000000</balance>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>DaVita, Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DaVita, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Gates Global LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-15</maturityDt>
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        <name>Patrick Industries, Inc.</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
        <title>Patrick Industries, Inc.</title>
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        <name>Mclaren Finance plc</name>
        <lei>213800BKPDWMWX3GSG36</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mauser Packaging Solutions Holding Co.</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>Mauser Packaging Solutions Holding Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>UPC Holding BV</name>
        <lei>213800G1DU7LKI6ZCD69</lei>
        <title>UPC Holding BV</title>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Montage Resources Corp.</name>
        <lei>54930070862I62NN3X72</lei>
        <title>Montage Resources Corp.</title>
        <cusip>27890GAB6</cusip>
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        <balance>210000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-15</maturityDt>
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      <invstOrSec>
        <name>International Game Technology plc</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
        <title>International Game Technology plc</title>
        <cusip>460599AE3</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102339.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RBS Global, Inc.</name>
        <lei>N/A</lei>
        <title>RBS Global, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-15</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Open Text Corp.</name>
        <lei>549300HP7ONDQODZJV16</lei>
        <title>Open Text Corp.</title>
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          <isin value="US683715AB22"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Southwestern Energy Co.</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
        <title>Southwestern Energy Co.</title>
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          <isin value="US845467AN98"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164990.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Credit Acceptance Corp.</name>
        <lei>N/A</lei>
        <title>Credit Acceptance Corp.</title>
        <cusip>225310AM3</cusip>
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          <isin value="US225310AM36"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>419250.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>OCI NV</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI NV</title>
        <cusip>67091GAA1</cusip>
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          <isin value="US67091GAA13"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208466.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-15</maturityDt>
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          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Vertical US Newco, Inc.</name>
        <lei>549300C2AFWPAYWS5574</lei>
        <title>Vertical US Newco, Inc.</title>
        <cusip>92537RAA7</cusip>
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          <isin value="US92537RAA77"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159375.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BL0</cusip>
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          <isin value="US893647BL01"/>
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        <balance>1095000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1041016.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Blue Racer Midstream LLC</name>
        <lei>N/A</lei>
        <title>Blue Racer Midstream LLC</title>
        <cusip>095796AA6</cusip>
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          <isin value="US095796AA63"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199055.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>TerraForm Power Operating LLC</name>
        <lei>5493000S2OLR3UT5BE13</lei>
        <title>TerraForm Power Operating LLC</title>
        <cusip>88104LAG8</cusip>
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          <isin value="US88104LAG86"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216962.00000000</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>2030-01-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Provident Funding Associates LP</name>
        <lei>N/A</lei>
        <title>Provident Funding Associates LP</title>
        <cusip>74387UAJ0</cusip>
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          <isin value="US74387UAJ07"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>172556.10000000</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>2025-06-15</maturityDt>
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          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
        <cusip>88033GCW8</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103489.50000000</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>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Murphy Oil Corp.</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
        <title>Murphy Oil Corp.</title>
        <cusip>626717AJ1</cusip>
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          <isin value="US626717AJ13"/>
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        <balance>180000.00000000</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>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Bausch Health Americas, Inc.</name>
        <lei>KOO0397YRO83WY5MGD97</lei>
        <title>Bausch Health Americas, Inc.</title>
        <cusip>91911XAV6</cusip>
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        <balance>700000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>9.25000000</annualizedRt>
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        <name>Neptune Energy Bondco plc</name>
        <lei>549300CPMT8I2QBRYF88</lei>
        <title>Neptune Energy Bondco plc</title>
        <cusip>64073KAA1</cusip>
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          <isin value="US64073KAA16"/>
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        <balance>200000.00000000</balance>
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        <valUSD>175623.00000000</valUSD>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
        <cusip>345370CA6</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-16</maturityDt>
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          <annualizedRt>7.45000000</annualizedRt>
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      <invstOrSec>
        <name>Wynn Las Vegas LLC</name>
        <lei>N/A</lei>
        <title>Wynn Las Vegas LLC</title>
        <cusip>983130AV7</cusip>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>197925.00000000</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>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fortress Transportation &amp; Infrastructure Investors LLC</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>Fortress Transportation &amp; Infrastructure Investors LLC</title>
        <cusip>34960PAB7</cusip>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>377542.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NGL Energy Partners LP</name>
        <lei>N/A</lei>
        <title>NGL Energy Partners LP</title>
        <cusip>62913TAJ1</cusip>
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          <isin value="US62913TAJ16"/>
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        <curCd>USD</curCd>
        <valUSD>178450.88000000</valUSD>
        <pctVal>0.097786811034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delta Air Lines, Inc.</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>Delta Air Lines, Inc.</title>
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        <identifiers>
          <isin value="US247361ZJ00"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>245633.13000000</valUSD>
        <pctVal>0.134601076032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charles River Laboratories International, Inc.</name>
        <lei>549300BSQ0R4UZ5KX287</lei>
        <title>Charles River Laboratories International, Inc.</title>
        <cusip>159864AC1</cusip>
        <identifiers>
          <isin value="US159864AC13"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105915.50000000</valUSD>
        <pctVal>0.058039158921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Acrisure LLC</name>
        <lei>N/A</lei>
        <title>Acrisure LLC</title>
        <cusip>00489LAD5</cusip>
        <identifiers>
          <isin value="US00489LAD55"/>
        </identifiers>
        <balance>240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>265761.60000000</valUSD>
        <pctVal>0.145630995819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cenovus Energy, Inc.</name>
        <lei>549300EIRQ0Z2B9C1W06</lei>
        <title>Cenovus Energy, Inc.</title>
        <cusip>15135UAM1</cusip>
        <identifiers>
          <isin value="US15135UAM18"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>190288.07000000</valUSD>
        <pctVal>0.104273307832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>FlexShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Randal Rein</ncom:signature>
      <ncom:signerName>Randal Rein</ncom:signerName>
      <ncom:title>Treasurer and PFO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
