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      </invstOrSec>
      <invstOrSec>
        <name>Allegheny Technologies, Inc.</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>Allegheny Technologies, Inc.</title>
        <cusip>01741RAF9</cusip>
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          <isin value="US01741RAF91"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>272838.75000000</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>2023-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Outfront Media Capital LLC</name>
        <lei>N/A</lei>
        <title>Outfront Media Capital LLC</title>
        <cusip>69007TAD6</cusip>
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          <isin value="US69007TAD63"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95681.25000000</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>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>APX Group, Inc.</name>
        <lei>549300OMQVKPRU98OE64</lei>
        <title>APX Group, Inc.</title>
        <cusip>00213MAK0</cusip>
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          <isin value="US00213MAK09"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>166444.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
        <cusip>629377CC4</cusip>
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          <isin value="US629377CC47"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>323469.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KAR Auction Services, Inc.</name>
        <lei>5493004HKD20LBSG7D03</lei>
        <title>KAR Auction Services, Inc.</title>
        <cusip>48238TAA7</cusip>
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          <isin value="US48238TAA79"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375620.30000000</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>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Western Midstream Operating LP</name>
        <lei>L6D8A6MLSY454J2JXJ60</lei>
        <title>Western Midstream Operating LP</title>
        <cusip>958667AA5</cusip>
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          <isin value="US958667AA50"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113276.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000160</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Midcontinent Communications</name>
        <lei>N/A</lei>
        <title>Midcontinent Communications</title>
        <cusip>59565XAC4</cusip>
        <identifiers>
          <isin value="US59565XAC48"/>
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        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68117.40000000</valUSD>
        <pctVal>0.032642849681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>Garda World Security Corp.</name>
        <lei>N/A</lei>
        <title>Garda World Security Corp.</title>
        <cusip>36485MAK5</cusip>
        <identifiers>
          <isin value="US36485MAK53"/>
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        <balance>380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>380475.00000000</valUSD>
        <pctVal>0.182329158663</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</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>PTC, Inc.</name>
        <lei>54930050SSMU8SKDJ030</lei>
        <title>PTC, Inc.</title>
        <cusip>69370CAB6</cusip>
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          <isin value="US69370CAB63"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226121.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LogMeIn, Inc.</name>
        <lei>549300D12V5KRBV00592</lei>
        <title>LogMeIn, Inc.</title>
        <cusip>541056AA5</cusip>
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          <isin value="US541056AA53"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>407015.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</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>
        <cusip>38748YAA0</cusip>
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          <isin value="US38748YAA01"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84375.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
        <cusip>46284VAL5</cusip>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>459801.53000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>GEO Group, Inc. (The)</name>
        <lei>N/A</lei>
        <title>GEO Group, Inc. (The)</title>
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        <valUSD>416185.00000000</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>2024-10-15</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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          <isin value="US25470XAW56"/>
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        <balance>1385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1500420.08000000</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>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Wabash National Corp.</name>
        <lei>5299004ZAWHQZI5XO485</lei>
        <title>Wabash National Corp.</title>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Viking Cruises Ltd.</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>Viking Cruises Ltd.</title>
        <cusip>92676XAD9</cusip>
        <identifiers>
          <isin value="US92676XAD93"/>
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        <balance>635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>623103.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Crown Americas LLC</name>
        <lei>N/A</lei>
        <title>Crown Americas LLC</title>
        <cusip>228187AB6</cusip>
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          <isin value="US228187AB66"/>
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        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244223.75000000</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>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MSCI, Inc.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI, Inc.</title>
        <cusip>55354GAF7</cusip>
        <identifiers>
          <isin value="US55354GAF72"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139301.50000000</valUSD>
        <pctVal>0.066755306644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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      <invstOrSec>
        <name>Genesis Energy LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Powdr Corp.</name>
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        <title>Powdr Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Warrior Met Coal, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nabors Industries Ltd.</name>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISH DBS Corp.</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>Allied Universal Holdco 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>2027-07-15</maturityDt>
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      <invstOrSec>
        <name>BWX Technologies, Inc.</name>
        <lei>549300NP85N265KWMS58</lei>
        <title>BWX Technologies, Inc.</title>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-30</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>Nexstar Broadcasting, Inc.</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>Nexstar Broadcasting, Inc.</title>
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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>Aptim Corp.</name>
        <lei>5493007OBZ8YTJ6O7E92</lei>
        <title>Aptim Corp.</title>
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        <balance>300000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.75000000</annualizedRt>
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        <name>Trivium Packaging Finance BV</name>
        <lei>724500GMZWW3PVYET548</lei>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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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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        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
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        <name>CITGO Petroleum Corp.</name>
        <lei>YX52P86PXMLYDOTUQ225</lei>
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        <name>Chobani LLC</name>
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        <name>Cheplapharm Arzneimittel GmbH</name>
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        <name>PetSmart, Inc.</name>
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        <name>CVR Energy, Inc.</name>
        <lei>529900SOYZIXZBTXB558</lei>
        <title>CVR Energy, Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-15</maturityDt>
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        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
        <cusip>46284VAG6</cusip>
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      <invstOrSec>
        <name>CNX Resources Corp.</name>
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        <name>PTC, Inc.</name>
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        <name>CCO Holdings LLC</name>
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        <name>Transocean Pontus Ltd.</name>
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        <name>Schweitzer-Mauduit International, Inc.</name>
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        <name>Viking Cruises Ltd.</name>
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        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Ashton Woods USA LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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        <name>Kronos Acquisition Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AG Issuer LLC</name>
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        <name>Telecom Italia Capital SA</name>
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        <invCountry>LU</invCountry>

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        <name>Tallgrass Energy Partners LP</name>
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        <name>Tervita Corp.</name>
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        <name>Eagle Intermediate Global Holding BV</name>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
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        <name>Veritas US, Inc.</name>
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        <name>Joseph T Ryerson &amp; Son, Inc.</name>
        <lei>54930086XMNNXPXPWJ34</lei>
        <title>Joseph T Ryerson &amp; Son, Inc.</title>
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        <name>Oceaneering International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Talen Energy Supply LLC</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Vistra Operations Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
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      <invstOrSec>
        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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          <isin value="US737446AP91"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Intertape Polymer Group, Inc.</name>
        <lei>549300ESFR3Z1YNR6O65</lei>
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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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      <invstOrSec>
        <name>Enova International, Inc.</name>
        <lei>549300O8XOCQSB49UO63</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-09-01</maturityDt>
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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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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-15</maturityDt>
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        <name>Cirsa Finance International Sarl</name>
        <lei>254900KUJN6DHWH2K029</lei>
        <title>Cirsa Finance International Sarl</title>
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          <isin value="US50200RAA14"/>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-12-20</maturityDt>
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        <name>J2 Global, Inc.</name>
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        <title>J2 Global, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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        <name>Ruby Pipeline LLC</name>
        <lei>549300VXRTBPBK07QT94</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Alliance Resource Operating Partners LP</name>
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        <name>EQM Midstream Partners LP</name>
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        <name>Ortho-Clinical Diagnostics, Inc.</name>
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        <name>CoreCivic, Inc.</name>
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        <name>JPW Industries Holding Corp.</name>
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        <name>Cimpress plc</name>
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        <name>Albertsons Cos., Inc.</name>
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        <name>Castle US Holding Corp.</name>
        <lei>N/A</lei>
        <title>Castle US Holding Corp.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Allison Transmission, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Murphy Oil USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</name>
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        <name>NMI Holdings, Inc.</name>
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        <name>Real Hero Merger Sub 2, Inc.</name>
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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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        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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          <maturityDt>2029-02-01</maturityDt>
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        <name>US Acute Care Solutions LLC</name>
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        <name>CrownRock LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-15</maturityDt>
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        <name>Central Garden &amp; Pet Co.</name>
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        <invCountry>US</invCountry>
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        <name>Ladder Capital Finance Holdings LLLP</name>
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      <invstOrSec>
        <name>Whiting Petroleum Corp.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Match Group Holdings II LLC</name>
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        <name>Triumph Group, Inc.</name>
        <lei>5493007L6S47Q14SL582</lei>
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        <name>GCI LLC</name>
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        <name>Albertsons Cos., Inc.</name>
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        <title>Albertsons Cos., Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Liberty Interactive LLC</name>
        <lei>549300SZUIU7Z32Q0664</lei>
        <title>Liberty Interactive LLC</title>
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        <balance>40000.00000000</balance>
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        <valUSD>45942.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Manitowoc Co., Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Brookfield Property REIT, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-15</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Exterran Energy Solutions 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>2025-05-01</maturityDt>
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        <name>Northern Oil and Gas, Inc.</name>
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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>8.12500000</annualizedRt>
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      <invstOrSec>
        <name>Boyd Gaming Corp.</name>
        <lei>254900787YGRYS2A1Z35</lei>
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          <isin value="US103304BU40"/>
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        <valUSD>153981.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Southwestern Energy Co.</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
        <title>Southwestern Energy Co.</title>
        <cusip>845467AP4</cusip>
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          <isin value="US845467AP47"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142998.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Silgan Holdings, Inc.</name>
        <lei>KAF673KJXD92C8KSLU49</lei>
        <title>Silgan Holdings, Inc.</title>
        <cusip>827048AW9</cusip>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>191662.78000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Jefferies Finance LLC</name>
        <lei>N/A</lei>
        <title>Jefferies Finance LLC</title>
        <cusip>47232MAE2</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210500.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-03</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Global Partners LP</name>
        <lei>N/A</lei>
        <title>Global Partners LP</title>
        <cusip>37954FAG9</cusip>
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          <isin value="US37954FAG90"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91028.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>Gartner, Inc.</name>
        <lei>PP55B5R38BFB8O8HH686</lei>
        <title>Gartner, Inc.</title>
        <cusip>366651AE7</cusip>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90604.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>3.75000000</annualizedRt>
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        <name>TransDigm UK Holdings plc</name>
        <lei>549300JTYP71LZZSE903</lei>
        <title>TransDigm UK Holdings plc</title>
        <cusip>89365DAB9</cusip>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110709.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <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>Compass Minerals International, Inc.</name>
        <lei>2549008X9G8XP7YJGC47</lei>
        <title>Compass Minerals International, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>P&amp;L Development LLC</name>
        <lei>N/A</lei>
        <title>P&amp;L Development LLC</title>
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          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Callon Petroleum Co.</name>
        <lei>549300EFOWPEB0WLZW21</lei>
        <title>Callon Petroleum Co.</title>
        <cusip>144577AH6</cusip>
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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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      <invstOrSec>
        <name>Presidio Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Presidio Holdings, Inc.</title>
        <cusip>74101XAF7</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Berry Petroleum Co. LLC</name>
        <lei>DQ2XTZKV7SILNNV77403</lei>
        <title>Berry Petroleum Co. LLC</title>
        <cusip>08580BAA4</cusip>
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        <balance>225000.00000000</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>FirstEnergy Corp.</name>
        <lei>549300SVYJS666PQJH88</lei>
        <title>FirstEnergy Corp., Series C</title>
        <cusip>337932AJ6</cusip>
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        <balance>125000.00000000</balance>
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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>2047-07-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APX Group, Inc.</name>
        <lei>549300OMQVKPRU98OE64</lei>
        <title>APX Group, Inc.</title>
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        <name>NGL Energy Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crocs, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Transocean Phoenix 2 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TPro Acquisition Corp.</name>
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        <name>Aramark Services, 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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        <name>Vistra Operations Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indigo Natural Resources LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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        <name>Kraft Heinz Foods Co.</name>
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        <name>Matthews International Corp.</name>
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        <name>Meredith Corp.</name>
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        <name>Finance of America Funding LLC</name>
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        <name>SRM Escrow Issuer LLC</name>
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        <name>WMG Acquisition Corp.</name>
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        <name>Mohegan Gaming &amp; Entertainment</name>
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        <name>Antero Midstream Partners LP</name>
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        <name>Matador Resources Co.</name>
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        <title>Matador Resources Co.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications, Inc.</title>
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        <valUSD>1030750.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC</title>
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          <isin value="US1248EPCD32"/>
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        <curCd>USD</curCd>
        <valUSD>710600.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Vista Outdoor, Inc.</name>
        <lei>549300QI2D33ESTJLN81</lei>
        <title>Vista Outdoor, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>340224.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <curCd>USD</curCd>
        <valUSD>218812.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-03</maturityDt>
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      <invstOrSec>
        <name>MEG Energy Corp.</name>
        <lei>5493002WXPTG5ZC1T326</lei>
        <title>MEG Energy Corp.</title>
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          <isin value="US552704AE86"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326054.15000000</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>2027-02-01</maturityDt>
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          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>Telecom Italia Capital SA</name>
        <lei>549300777DJZOR5C4L39</lei>
        <title>Telecom Italia Capital SA</title>
        <cusip>87927VAM0</cusip>
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          <isin value="US87927VAM00"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112715.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Nielsen Finance LLC</name>
        <lei>N/A</lei>
        <title>Nielsen Finance LLC</title>
        <cusip>65409QBF8</cusip>
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          <isin value="US65409QBF81"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>137031.25000000</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>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Precision Drilling Corp.</name>
        <lei>549300WF2OE8T5BP4B84</lei>
        <title>Precision Drilling Corp.</title>
        <cusip>74022DAJ9</cusip>
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          <isin value="US74022DAJ90"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>158915.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Telecom Italia Capital SA</name>
        <lei>549300777DJZOR5C4L39</lei>
        <title>Telecom Italia Capital SA</title>
        <cusip>87927VAR9</cusip>
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          <isin value="US87927VAR96"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186890.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.20000000</annualizedRt>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>N/A</lei>
        <title>Sunoco LP</title>
        <cusip>86765LAQ0</cusip>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>163184.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>Live Nation Entertainment, Inc.</title>
        <cusip>538034AV1</cusip>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>331875.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Tempur Sealy International, Inc.</name>
        <lei>549300HFEKVR3US71V91</lei>
        <title>Tempur Sealy International, Inc.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Prime Security Services Borrower LLC</name>
        <lei>N/A</lei>
        <title>Prime Security Services Borrower LLC</title>
        <cusip>74166MAF3</cusip>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>Encompass Health Corp.</title>
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        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
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        <name>Vertical US Newco, Inc.</name>
        <lei>549300C2AFWPAYWS5574</lei>
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        <invCountry>US</invCountry>

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        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>Live Nation Entertainment, Inc.</title>
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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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        <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>345000.00000000</balance>
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        <name>ACE Cash Express, Inc.</name>
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        <name>NortonLifeLock, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Avis Budget Car Rental LLC</name>
        <lei>N/A</lei>
        <title>Avis Budget Car Rental LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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        <name>Minerals Technologies, Inc.</name>
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        <name>Pitney Bowes, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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        <name>Spirit AeroSystems, Inc.</name>
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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>Arrow Bidco LLC</name>
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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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        <name>Cablevision Lightpath LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
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        <name>Western Global Airlines LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
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        <name>Transocean Guardian Ltd.</name>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-01-15</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>Wynn Resorts Finance LLC</name>
        <lei>N/A</lei>
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        <name>Stericycle, Inc.</name>
        <lei>B8PTJH2P0AXSWSMP2136</lei>
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        <name>Neptune Energy Bondco plc</name>
        <lei>549300CPMT8I2QBRYF88</lei>
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        <invCountry>GB</invCountry>
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        <name>Clear Channel Worldwide Holdings, Inc.</name>
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        <name>Boyd Gaming Corp.</name>
        <lei>254900787YGRYS2A1Z35</lei>
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        <name>Triton Water Holdings, Inc.</name>
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        <name>North Queensland Export Terminal Pty. Ltd.</name>
        <lei>213800QDQZHS7LJ9UA09</lei>
        <title>North Queensland Export Terminal Pty. Ltd.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-15</maturityDt>
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        <name>Stericycle, Inc.</name>
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        <name>Ziggo BV</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Nabors Industries Ltd.</name>
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        <name>Occidental Petroleum Corp.</name>
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          <maturityDt>2028-05-15</maturityDt>
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        <name>Genesis Energy LP</name>
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        <name>Live Nation Entertainment, Inc.</name>
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        <name>Calumet Specialty Products Partners LP</name>
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        <name>Innophos Holdings, Inc.</name>
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        <name>AECOM</name>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>Open Text Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Open Text Holdings, Inc.</title>
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      <invstOrSec>
        <name>Mattamy Group Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pitney Bowes, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
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        <title>Encompass Health Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>CSC Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Blackboard, Inc.</name>
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        <balance>45000.00000000</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>2024-11-15</maturityDt>
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          <annualizedRt>10.37500000</annualizedRt>
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      <invstOrSec>
        <name>PIC AU Holdings LLC</name>
        <lei>N/A</lei>
        <title>PIC AU Holdings LLC</title>
        <cusip>69291BAA6</cusip>
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          <isin value="US69291BAA61"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>280600.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos., Inc.</title>
        <cusip>91831AAC5</cusip>
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          <isin value="US91831AAC53"/>
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        <balance>880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>900900.00000000</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>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Arches Buyer, Inc.</name>
        <lei>N/A</lei>
        <title>Arches Buyer, Inc.</title>
        <cusip>039524AB9</cusip>
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          <isin value="US039524AB93"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Oceaneering International, Inc.</name>
        <lei>549300L6PH74701W0R30</lei>
        <title>Oceaneering International, Inc.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>McGraw Hill LLC</name>
        <lei>N/A</lei>
        <title>McGraw Hill LLC</title>
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        <balance>320000.00000000</balance>
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        <valUSD>324400.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-30</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>L Brands, Inc.</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
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        <balance>225000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>6.62500000</annualizedRt>
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        <name>Yum! Brands, Inc.</name>
        <lei>549300JE8XHZZ7OHN517</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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        <name>CD&amp;R Smokey Buyer, Inc.</name>
        <lei>N/A</lei>
        <title>CD&amp;R Smokey Buyer, Inc.</title>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-02-01</maturityDt>
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        <name>LBM Acquisition LLC</name>
        <lei>549300FAEB3VWZL4NI86</lei>
        <title>LBM Acquisition LLC</title>
        <cusip>05552BAA4</cusip>
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          <isin value="US05552BAA44"/>
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        <balance>355000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
        <cusip>345370CR9</cusip>
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        <balance>45000.00000000</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>2026-12-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.34600000</annualizedRt>
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        <name>Howmet Aerospace, Inc.</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>Howmet Aerospace, Inc.</title>
        <cusip>013817AK7</cusip>
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          <isin value="US013817AK77"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60135.00000000</valUSD>
        <pctVal>0.028817567399</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Allen Media LLC</name>
        <lei>N/A</lei>
        <title>Allen Media LLC</title>
        <cusip>01771YAA8</cusip>
        <identifiers>
          <isin value="US01771YAA82"/>
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      <invstOrSec>
        <name>Vector Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Motion Bondco DAC</name>
        <lei>635400KFD3IETNQLA755</lei>
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          <isin value="US61978XAA54"/>
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        <curCd>USD</curCd>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
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          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Turning Point Brands, Inc.</name>
        <lei>549300IYG00QF0VVP302</lei>
        <title>Turning Point Brands, Inc.</title>
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          <isin value="US90041LAF22"/>
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        <balance>155000.00000000</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>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>CNX Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>CNX Midstream Partners LP</title>
        <cusip>12654TAA8</cusip>
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          <isin value="US12654TAA88"/>
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        <balance>160000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>FXI Holdings, Inc.</name>
        <lei>549300VLKCUZW3MSVS50</lei>
        <title>FXI Holdings, Inc.</title>
        <cusip>35166FAA0</cusip>
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          <isin value="US35166FAA03"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
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          <annualizedRt>12.25000000</annualizedRt>
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      <invstOrSec>
        <name>Forestar Group, Inc.</name>
        <lei>549300BC2UB0GHV60V70</lei>
        <title>Forestar Group, Inc.</title>
        <cusip>346232AE1</cusip>
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          <isin value="US346232AE19"/>
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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>2028-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC</title>
        <cusip>1248EPCK7</cusip>
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          <isin value="US1248EPCK74"/>
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        <balance>460000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Altice France Holding SA</name>
        <lei>5299000JVHXKJPOE6H40</lei>
        <title>Altice France Holding SA</title>
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        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>10.50000000</annualizedRt>
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      <invstOrSec>
        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
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        <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>Titan Acquisition Ltd.</name>
        <lei>N/A</lei>
        <title>Titan Acquisition Ltd.</title>
        <cusip>88827AAA1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Albertsons Cos., Inc.</name>
        <lei>N/A</lei>
        <title>Albertsons Cos., Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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        <name>Crestwood Midstream Partners LP</name>
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        <cusip>226373AQ1</cusip>
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        <name>Wynn Las Vegas LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Kraft Heinz Foods Co.</name>
        <lei>5493003STKEZ2S0RNU91</lei>
        <title>Kraft Heinz Foods Co.</title>
        <cusip>50076QAN6</cusip>
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        <balance>70000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-02-09</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Full House Resorts, Inc.</name>
        <lei>5493009DKIWW0H901Y82</lei>
        <title>Full House Resorts, Inc.</title>
        <cusip>359678AC3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>Cheniere Energy, Inc.</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>Cheniere Energy, Inc.</title>
        <cusip>16411RAJ8</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104390.00000000</valUSD>
        <pctVal>0.050025207629</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Kronos Acquisition Holdings, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
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      <invstOrSec>
        <name>Silversea Cruise Finance Ltd.</name>
        <lei>N/A</lei>
        <title>Silversea Cruise Finance Ltd.</title>
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        <name>GrafTech Finance, Inc.</name>
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        <name>Virgin Media Secured Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Summit Midstream Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-15</maturityDt>
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      <invstOrSec>
        <name>B&amp;G Foods, Inc.</name>
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        <name>Magnolia Oil &amp; Gas Operating LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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        <name>Vmed O2 UK Financing I plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-31</maturityDt>
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        <name>Block Communications, Inc.</name>
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        <name>Associated Materials LLC</name>
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        <name>GCP Applied Technologies, Inc.</name>
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        <name>EnerSys</name>
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        <name>Vector Group Ltd.</name>
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        <name>Select Medical Corp.</name>
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        <name>Genesis Energy LP</name>
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        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cumulus Media New Holdings, Inc.</name>
        <lei>5493001D9VBAVY1OKJ46</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQM Midstream Partners LP</name>
        <lei>549300NELT611CL6XM83</lei>
        <title>EQM Midstream Partners LP</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Topaz Solar Farms 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>2039-09-30</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Marriott Ownership Resorts, Inc.</name>
        <lei>N/A</lei>
        <title>Marriott Ownership Resorts, Inc.</title>
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          <isin value="US57165PAB13"/>
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        <curCd>USD</curCd>
        <valUSD>303804.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Trinseo Materials Operating SCA</name>
        <lei>N/A</lei>
        <title>Trinseo Materials Operating SCA</title>
        <cusip>89668QAF5</cusip>
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          <isin value="US89668QAF54"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Liberty Mutual Group, Inc.</name>
        <lei>QUR0DG15Z6FFGYCHH861</lei>
        <title>Liberty Mutual Group, Inc.</title>
        <cusip>53079EAN4</cusip>
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          <isin value="US53079EAN40"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>356674.07000000</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>2037-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.80000000</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>20341WAE5</cusip>
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          <isin value="US20341WAE57"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>299758.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mauser Packaging Solutions Holding Co.</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>Mauser Packaging Solutions Holding Co.</title>
        <cusip>12429TAE4</cusip>
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          <isin value="US12429TAE47"/>
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        <balance>920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>895850.00000000</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>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Spanish Broadcasting System, Inc.</name>
        <lei>5493005DKYB1X4C9LH64</lei>
        <title>Spanish Broadcasting System, Inc.</title>
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        <balance>195000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-01</maturityDt>
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      <invstOrSec>
        <name>Antero Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>Antero Midstream Partners LP</title>
        <cusip>03690AAD8</cusip>
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          <isin value="US03690AAD81"/>
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        <balance>250000.00000000</balance>
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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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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Legacy LifePoint Health 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>2027-02-15</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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        <name>Double Eagle III Midco 1 LLC</name>
        <lei>N/A</lei>
        <title>Double Eagle III Midco 1 LLC</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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      <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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
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        <name>Ithaca Energy North Sea plc</name>
        <lei>213800BMMUN3AKWBIO91</lei>
        <title>Ithaca Energy North Sea plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilton Domestic Operating Co., Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>Hilton Domestic Operating Co., Inc.</title>
        <cusip>432833AH4</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Affinity Gaming</name>
        <lei>N/A</lei>
        <title>Affinity Gaming</title>
        <cusip>00842XAA7</cusip>
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          <isin value="US00842XAA72"/>
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        <balance>350000.00000000</balance>
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        <valUSD>371980.00000000</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>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>AerCap Global Aviation Trust</name>
        <lei>635400FBSV8LXXNRV758</lei>
        <title>AerCap Global Aviation Trust</title>
        <cusip>00773HAA5</cusip>
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          <isin value="US00773HAA59"/>
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        <balance>200000.00000000</balance>
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      <invstOrSec>
        <name>Endure Digital, Inc.</name>
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      <invstOrSec>
        <name>CPI CG, Inc.</name>
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        <name>FirstCash, Inc.</name>
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        <name>Precision Drilling Corp.</name>
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        <name>Hadrian Merger Sub, Inc.</name>
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        <name>UPC Holding BV</name>
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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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        <name>PetSmart, Inc.</name>
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        <title>PetSmart, Inc.</title>
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        <name>Banijay Entertainment SASU</name>
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        <invCountry>FR</invCountry>
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        <name>Kraft Heinz Foods Co.</name>
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        <title>Kraft Heinz Foods Co.</title>
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        <name>Ford Motor Credit Co. LLC</name>
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        <name>GEO Group, Inc. (The)</name>
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        <name>Sprint Capital Corp.</name>
        <lei>549300L17W0GQBR1PO80</lei>
        <title>Sprint Capital Corp.</title>
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        <name>Sonic Automotive, Inc.</name>
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        <name>Wynn Resorts Finance LLC</name>
        <lei>N/A</lei>
        <title>Wynn Resorts Finance LLC</title>
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        <name>Occidental Petroleum Corp.</name>
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        <title>Occidental Petroleum Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Great Western Petroleum LLC</name>
        <lei>N/A</lei>
        <title>Great Western Petroleum LLC</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Ford Motor Co.</name>
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      <invstOrSec>
        <name>99 Escrow Issuer, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
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        <name>Global Medical Response, Inc.</name>
        <lei>549300ZFWD4ZFCEJCQ87</lei>
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          <isin value="US37960BAA35"/>
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          <maturityDt>2025-10-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>1011778 BC ULC</name>
        <lei>N/A</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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        <name>Rayonier AM Products, Inc.</name>
        <lei>549300ZGRDDK1QM6MM16</lei>
        <title>Rayonier AM Products, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-15</maturityDt>
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      <invstOrSec>
        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>N/A</lei>
        <title>Sunoco LP</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>US Renal Care, Inc.</name>
        <lei>54930058SS5MF69JGN89</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <annualizedRt>10.62500000</annualizedRt>
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        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post 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>2031-09-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>TMX Finance LLC</name>
        <lei>N/A</lei>
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        <name>PRA Group, Inc.</name>
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        <title>PRA Group, Inc.</title>
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        <name>Tallgrass Energy Partners LP</name>
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        <name>Jaguar Land Rover Automotive plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-15</maturityDt>
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        <name>Vail Resorts, Inc.</name>
        <lei>529900PSZHRNU9HKH870</lei>
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        <name>International Game Technology plc</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
        <title>International Game Technology plc</title>
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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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      <invstOrSec>
        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DaVita, Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DaVita, Inc.</title>
        <cusip>23918KAT5</cusip>
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        <balance>170000.00000000</balance>
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        <valUSD>161713.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Advantage Sales &amp; Marketing, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Beazer Homes USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aethon United BR LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-15</maturityDt>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
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          <isin value="US87470LAD38"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Precision Drilling Corp.</name>
        <lei>549300WF2OE8T5BP4B84</lei>
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          <isin value="US740212AL91"/>
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        <curCd>USD</curCd>
        <valUSD>198375.00000000</valUSD>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-15</maturityDt>
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        <name>IQVIA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Photo Holdings Merger Sub, Inc.</name>
        <lei>N/A</lei>
        <title>Photo Holdings Merger Sub, Inc.</title>
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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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          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>L Brands, Inc.</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
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        <balance>157000.00000000</balance>
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        <valUSD>182346.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>NOVA Chemicals Corp.</name>
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        <title>NOVA Chemicals Corp.</title>
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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>2024-06-01</maturityDt>
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      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
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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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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Ziggo Bond Co. BV</name>
        <lei>213800JYI4P7V5QDOG59</lei>
        <title>Ziggo Bond Co. BV</title>
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        <balance>300000.00000000</balance>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-28</maturityDt>
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        <name>FMG Resources August 2006 Pty. Ltd.</name>
        <lei>549300EFD6S2NFE9D745</lei>
        <title>FMG Resources August 2006 Pty. Ltd.</title>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>XHR LP</name>
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        <title>XHR LP</title>
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        <balance>190000.00000000</balance>
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          <maturityDt>2025-08-15</maturityDt>
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        <name>Callon Petroleum Co.</name>
        <lei>549300EFOWPEB0WLZW21</lei>
        <title>Callon Petroleum Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>UniCredit SpA</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UniCredit SpA</title>
        <cusip>904678AQ2</cusip>
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        <balance>790000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-02</maturityDt>
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          <annualizedRt>7.29600120</annualizedRt>
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        <name>Abercrombie &amp; Fitch Management Co.</name>
        <lei>5493003QMCFDA98NPT74</lei>
        <title>Abercrombie &amp; Fitch Management Co.</title>
        <cusip>003000AA4</cusip>
        <identifiers>
          <isin value="US003000AA44"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>166593.75000000</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>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Hilton Domestic Operating Co., Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>Hilton Domestic Operating Co., Inc.</title>
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        <name>Newell Brands, Inc.</name>
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        <name>Intelligent Packaging Ltd. Finco, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Wholesale Mortgage LLC</name>
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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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        <name>CSI Compressco LP</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>Avon Products, Inc.</name>
        <lei>5493007RY69UEB1F1B45</lei>
        <title>Avon Products, Inc.</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Match Group Holdings II LLC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <name>Go Daddy Operating Co. LLC</name>
        <lei>N/A</lei>
        <title>Go Daddy Operating Co. LLC</title>
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        <curCd>USD</curCd>
        <valUSD>209500.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
        <cusip>674599DJ1</cusip>
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          <isin value="US674599DJ13"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79875.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</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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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>285912.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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        <name>AHP Health Partners, Inc.</name>
        <lei>549300QMM8MQ6SM5KX05</lei>
        <title>AHP Health Partners, Inc.</title>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119329.10000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
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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>55303XAC9</cusip>
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          <isin value="US55303XAC92"/>
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        <balance>285000.00000000</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>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BL0</cusip>
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        <balance>1685000.00000000</balance>
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        <valUSD>1755761.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>ESH Hospitality, Inc.</name>
        <lei>54930042FMK7X7SQ2896</lei>
        <title>ESH Hospitality, Inc.</title>
        <cusip>26907YAA2</cusip>
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        <balance>355000.00000000</balance>
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        <valUSD>362650.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Enviva Partners LP</name>
        <lei>N/A</lei>
        <title>Enviva Partners LP</title>
        <cusip>29413XAD9</cusip>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231000.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>iStar, Inc.</name>
        <lei>QFFLKWYYS3UPWD86E794</lei>
        <title>iStar, Inc.</title>
        <cusip>45031UCJ8</cusip>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274952.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Transocean Proteus Ltd.</name>
        <lei>5493000CTMQ2LH21VM89</lei>
        <title>Transocean Proteus Ltd.</title>
        <cusip>893829AA9</cusip>
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        <balance>123000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119752.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>NGL Energy Partners LP</name>
        <lei>N/A</lei>
        <title>NGL Energy Partners LP</title>
        <cusip>62913TAM4</cusip>
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          <isin value="US62913TAM45"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200572.88000000</valUSD>
        <pctVal>0.096117443882</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>
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      <invstOrSec>
        <name>White Cap Buyer LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rent-A-Center, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cornerstone Building Brands, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Provident Funding Associates LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
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      <invstOrSec>
        <name>QVC, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-15</maturityDt>
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        <name>Cleveland-Cliffs, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SeaWorld Parks &amp; Entertainment, Inc.</name>
        <lei>549300UZV72O3371JJ53</lei>
        <title>SeaWorld Parks &amp; Entertainment, Inc.</title>
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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>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-15</maturityDt>
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      <invstOrSec>
        <name>AdaptHealth LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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        <name>F-Brasile SpA</name>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
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        <name>UniCredit SpA</name>
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        <fairValLevel>2</fairValLevel>
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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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          <maturityDt>2029-02-15</maturityDt>
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        <name>FS Energy &amp; Power Fund</name>
        <lei>54930004XHN0QROEGZ58</lei>
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        <name>Brookfield Residential Properties, Inc.</name>
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        <name>GFL Environmental, Inc.</name>
        <lei>549300FYK4MBXWIVZU26</lei>
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        <name>New Home Co., Inc. (The)</name>
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        <title>New Home Co., Inc. (The)</title>
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        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post Holdings, Inc.</title>
        <cusip>737446AQ7</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Sigma Holdco BV</name>
        <lei>254900RAPCKVT00GAO59</lei>
        <title>Sigma Holdco BV</title>
        <cusip>82660CAA0</cusip>
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        <balance>310000.00000000</balance>
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        <valUSD>310387.50000000</valUSD>
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        <name>CVR Energy, Inc.</name>
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        <name>Rackspace Technology Global, Inc.</name>
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        <name>Covanta Holding Corp.</name>
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        <name>Continental Resources, Inc.</name>
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        <name>Nationstar Mortgage Holdings, Inc.</name>
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        <name>Prime Healthcare Services, Inc.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Home Point Capital, Inc.</name>
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        <name>Empire Communities Corp.</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>Terrier Media Buyer, Inc.</name>
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        <name>SS&amp;C Technologies, Inc.</name>
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        <name>Foundation Building Materials, Inc.</name>
        <lei>549300ZVE6MONHB01I28</lei>
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        <name>Veritas US, Inc.</name>
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        <name>Bausch Health Americas, Inc.</name>
        <lei>KOO0397YRO83WY5MGD97</lei>
        <title>Bausch Health Americas, Inc.</title>
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      <invstOrSec>
        <name>AdaptHealth LLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Reynolds Group Issuer, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Viking Ocean Cruises Ship VII Ltd.</name>
        <lei>N/A</lei>
        <title>Viking Ocean Cruises Ship VII Ltd.</title>
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        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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        <name>Mercer International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Northwest Fiber LLC</name>
        <lei>N/A</lei>
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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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        <name>Staples, Inc.</name>
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        <name>NGL Energy Partners LP</name>
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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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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-31</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Belo Corp.</name>
        <lei>N/A</lei>
        <title>Belo Corp.</title>
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          <isin value="US080555AF20"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Credit Acceptance Corp.</name>
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          <isin value="US225310AN19"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-31</maturityDt>
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        <name>Stena AB</name>
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        <name>LSF9 Atlantis Holdings LLC</name>
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          <maturityDt>2026-02-15</maturityDt>
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        <name>Quicken Loans LLC</name>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>3.62500000</annualizedRt>
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        <name>California Resources Corp.</name>
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        <name>Hexion, Inc.</name>
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        <name>Booz Allen Hamilton, Inc.</name>
        <lei>549300D7XCH2480XU542</lei>
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        <name>Sizzling Platter LLC</name>
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        <name>TEGNA, Inc.</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA, 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>2029-09-15</maturityDt>
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      <invstOrSec>
        <name>Range Resources Corp.</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
        <title>Range Resources Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kraft Heinz Foods Co.</name>
        <lei>5493003STKEZ2S0RNU91</lei>
        <title>Kraft Heinz Foods Co.</title>
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          <isin value="US42307TAH14"/>
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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>2039-08-01</maturityDt>
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          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp.</title>
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          <isin value="US15135BAW19"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Entegris, Inc.</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>Entegris, Inc.</title>
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          <isin value="US29362UAB08"/>
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        <curCd>USD</curCd>
        <valUSD>103469.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-10</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Allison Transmission, Inc.</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission, Inc.</title>
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          <isin value="US019736AE70"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104910.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>4.75000000</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>175000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Moss Creek Resources Holdings, Inc.</name>
        <lei>54930037SLMSPWKYIX36</lei>
        <title>Moss Creek Resources Holdings, Inc.</title>
        <cusip>61965RAB1</cusip>
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          <isin value="US61965RAB15"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>282750.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Compass Minerals International, Inc.</name>
        <lei>2549008X9G8XP7YJGC47</lei>
        <title>Compass Minerals International, Inc.</title>
        <cusip>20451NAE1</cusip>
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          <isin value="US20451NAE13"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139542.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-15</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Xerox Holdings Corp.</name>
        <lei>5493000Y33XDVO2CXC18</lei>
        <title>Xerox Holdings Corp.</title>
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          <isin value="US98421MAA45"/>
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        <balance>195000.00000000</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>2025-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Brightstar Escrow Corp.</name>
        <lei>N/A</lei>
        <title>Brightstar Escrow Corp.</title>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>306034.40000000</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>2025-10-15</maturityDt>
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          <annualizedRt>9.75000000</annualizedRt>
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        <name>W.R. Grace &amp; Co.-Conn.</name>
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        <title>W.R. Grace &amp; Co.-Conn.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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        <name>Air Methods Corp.</name>
        <lei>54930081QGNZXVDOZF63</lei>
        <title>Air Methods Corp.</title>
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        <balance>325000.00000000</balance>
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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>8.00000000</annualizedRt>
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        <name>Murphy Oil USA, Inc.</name>
        <lei>N32S6DTR2ZZ5222WHV58</lei>
        <title>Murphy Oil USA, Inc.</title>
        <cusip>626738AD0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>EnLink Midstream LLC</name>
        <lei>54930000GY1H533OBE23</lei>
        <title>EnLink Midstream LLC</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-06-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Kaiser Aluminum Corp.</name>
        <lei>N/A</lei>
        <title>Kaiser Aluminum Corp.</title>
        <cusip>483007AJ9</cusip>
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        <name>PGT Innovations, Inc.</name>
        <lei>549300LRW9WM59C1S579</lei>
        <title>PGT Innovations, Inc.</title>
        <cusip>69344BAA3</cusip>
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          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Enstar Finance LLC</name>
        <lei>N/A</lei>
        <title>Enstar Finance LLC</title>
        <cusip>29360AAA8</cusip>
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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>2040-09-01</maturityDt>
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        <name>H&amp;E Equipment Services, Inc.</name>
        <lei>254900KVLRCDMQRYY541</lei>
        <title>H&amp;E Equipment Services, Inc.</title>
        <cusip>404030AJ7</cusip>
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        <balance>120000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Vertical Holdco GmbH</name>
        <lei>2549008GCHWX9EEMIS56</lei>
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        <cusip>92537VAA8</cusip>
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          <isin value="US92537VAA89"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>382156.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kaiser Aluminum Corp.</name>
        <lei>N/A</lei>
        <title>Kaiser Aluminum Corp.</title>
        <cusip>483007AK6</cusip>
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          <isin value="US483007AK64"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159375.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MPH Acquisition Holdings LLC</name>
        <lei>5493002WXOPRPTXWTU06</lei>
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        <cusip>553283AC6</cusip>
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          <isin value="US553283AC69"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>818653.90000000</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>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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>102524.00000000</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>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Shift4 Payments LLC</name>
        <lei>N/A</lei>
        <title>Shift4 Payments LLC</title>
        <cusip>82453AAA5</cusip>
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          <isin value="US82453AAA51"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130683.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Weatherford International Ltd.</name>
        <lei>549300A2JKMG5PGOGF82</lei>
        <title>Weatherford International Ltd.</title>
        <cusip>947075AP2</cusip>
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          <isin value="US947075AP29"/>
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        <balance>1410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1395681.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dealer Tire LLC</name>
        <lei>N/A</lei>
        <title>Dealer Tire LLC</title>
        <cusip>24229JAA1</cusip>
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          <isin value="US24229JAA16"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>317862.00000000</valUSD>
        <pctVal>0.152324097591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</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>Genesis Energy LP</name>
        <lei>N/A</lei>
        <title>Genesis Energy LP</title>
        <cusip>37185LAJ1</cusip>
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          <isin value="US37185LAJ17"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100625.00000000</valUSD>
        <pctVal>0.048220964821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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>American Axle &amp; Manufacturing, Inc.</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
        <title>American Axle &amp; Manufacturing, Inc.</title>
        <cusip>02406PBA7</cusip>
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          <isin value="US02406PBA75"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>171000.00000000</valUSD>
        <pctVal>0.081945689287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANGI Group LLC</name>
        <lei>N/A</lei>
        <title>ANGI Group LLC</title>
        <cusip>001846AA2</cusip>
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          <isin value="US001846AA20"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>318723.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Windstream Escrow LLC</name>
        <lei>N/A</lei>
        <title>Windstream Escrow LLC</title>
        <cusip>97382WAA1</cusip>
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          <isin value="US97382WAA18"/>
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        <balance>905000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>944629.95000000</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>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Griffon Corp.</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>Griffon Corp.</title>
        <cusip>398433AP7</cusip>
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          <isin value="US398433AP71"/>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Archrock Partners LP</name>
        <lei>N/A</lei>
        <title>Archrock Partners LP</title>
        <cusip>03959KAC4</cusip>
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          <isin value="US03959KAC45"/>
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        <balance>585000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>612375.60000000</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>2028-04-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Winnebago Industries, Inc.</name>
        <lei>549300B7OYKYJLTE3G11</lei>
        <title>Winnebago Industries, Inc.</title>
        <cusip>974637AC4</cusip>
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          <isin value="US974637AC45"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108587.50000000</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>2028-07-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Ascent Resources Utica Holdings LLC</name>
        <lei>N/A</lei>
        <title>Ascent Resources Utica Holdings LLC</title>
        <cusip>04364VAR4</cusip>
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          <isin value="US04364VAR42"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161308.52000000</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>2028-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>LGI Homes, Inc.</name>
        <lei>549300W02B4WNV8CV109</lei>
        <title>LGI Homes, Inc.</title>
        <cusip>50187TAE6</cusip>
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          <isin value="US50187TAE64"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104250.00000000</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>2026-07-15</maturityDt>
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          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Clarios Global LP</name>
        <lei>N/A</lei>
        <title>Clarios Global LP</title>
        <cusip>69867DAA6</cusip>
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          <isin value="US69867DAA63"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>254865.00000000</valUSD>
        <pctVal>0.122135018129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>Diamond Sports Group LLC</name>
        <lei>N/A</lei>
        <title>Diamond Sports Group LLC</title>
        <cusip>25277LAC0</cusip>
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        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Wolverine World Wide, Inc.</name>
        <lei>549300OVC7PK14LQ8D87</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
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      <invstOrSec>
        <name>Amsted Industries, Inc.</name>
        <lei>N2VLGYMEEBIU3PFSUY86</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Intrado Corp.</name>
        <lei>5493005Z5DB0O5S30R71</lei>
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          <isin value="US68163PAA21"/>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>TPC Group, Inc.</name>
        <lei>549300K276KVW5JD1583</lei>
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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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        <name>Forestar Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-15</maturityDt>
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          <annualizedRt>8.00000000</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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        <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>CCO Holdings LLC</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC</title>
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        <curCd>USD</curCd>
        <valUSD>432922.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Avaya, Inc.</name>
        <lei>J6LB5QIFSP2MFEFG4U76</lei>
        <title>Avaya, Inc.</title>
        <cusip>053499AL3</cusip>
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          <isin value="US053499AL36"/>
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        <balance>245000.00000000</balance>
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        <valUSD>260895.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Horizon Therapeutics USA, Inc.</name>
        <lei>N/A</lei>
        <title>Horizon Therapeutics USA, Inc.</title>
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        <valUSD>235675.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Triumph Group, Inc.</name>
        <lei>5493007L6S47Q14SL582</lei>
        <title>Triumph Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Prime Security Services Borrower LLC</name>
        <lei>N/A</lei>
        <title>Prime Security Services Borrower LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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      <invstOrSec>
        <name>Urban One, Inc.</name>
        <lei>549300PLGIGPBRQUP240</lei>
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        <name>Pilgrim's Pride Corp.</name>
        <lei>549300ZSLGV64ZL3HD75</lei>
        <title>Pilgrim's Pride Corp.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Antero Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>Antero Midstream Partners LP</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.75000000</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>Yum! Brands, Inc.</name>
        <lei>549300JE8XHZZ7OHN517</lei>
        <title>Yum! Brands, Inc.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>IHO Verwaltungs GmbH</name>
        <lei>529900JL0HDVGZMUJF32</lei>
        <title>IHO Verwaltungs GmbH</title>
        <cusip>44963BAD0</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220152.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>Bausch Health Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RP Escrow Issuer LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Terraform Global Operating LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Colgate Energy Partners III LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HCA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>eG Global Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Residential Investment Corp.</name>
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          <maturityDt>2025-10-15</maturityDt>
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        <name>Connect Finco SARL</name>
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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>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>CCO Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JW Aluminum Continuous Cast Co.</name>
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        <name>Service Corp. International</name>
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        <name>Installed Building Products, Inc.</name>
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        <name>Chesapeake Energy Corp.</name>
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        <name>Park-Ohio Industries, Inc.</name>
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        <name>Hologic, Inc.</name>
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        <name>Chemours Co. (The)</name>
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        <title>Chemours Co. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISH DBS Corp.</name>
        <lei>N/A</lei>
        <title>DISH DBS Corp.</title>
        <cusip>25470XAL9</cusip>
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          <isin value="US25470XAL91"/>
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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>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Advisor Group Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Advisor Group Holdings, Inc.</title>
        <cusip>00791GAA5</cusip>
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          <isin value="US00791GAA58"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255975.05000000</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>2027-08-01</maturityDt>
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          <annualizedRt>10.75000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>AssuredPartners, Inc.</name>
        <lei>549300HNDSDQWQ3L2P80</lei>
        <title>AssuredPartners, Inc.</title>
        <cusip>04624VAB5</cusip>
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          <isin value="US04624VAB53"/>
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        <valUSD>350168.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Legends Hospitality Holding Co. LLC</name>
        <lei>N/A</lei>
        <title>Legends Hospitality Holding Co. LLC</title>
        <cusip>52473NAA6</cusip>
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          <isin value="US52473NAA63"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165400.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SEG Holding LLC</name>
        <lei>N/A</lei>
        <title>SEG Holding LLC</title>
        <cusip>78397KAA0</cusip>
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          <isin value="US78397KAA07"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131718.75000000</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>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Superior Plus LP</name>
        <lei>N/A</lei>
        <title>Superior Plus LP</title>
        <cusip>86828LAC6</cusip>
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          <isin value="US86828LAC63"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>418771.95000000</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>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stena International SA</name>
        <lei>213800A4LTGG4W55QP46</lei>
        <title>Stena International SA</title>
        <cusip>85858EAB9</cusip>
        <identifiers>
          <isin value="US85858EAB92"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>397312.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <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>Blue Racer Midstream LLC</name>
        <lei>N/A</lei>
        <title>Blue Racer Midstream LLC</title>
        <cusip>095796AE8</cusip>
        <identifiers>
          <isin value="US095796AE85"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88023.88000000</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>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</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>Zayo Group Holdings, Inc.</name>
        <lei>529900Z6OTS7RT0V0I47</lei>
        <title>Zayo Group Holdings, Inc.</title>
        <cusip>98919VAA3</cusip>
        <identifiers>
          <isin value="US98919VAA35"/>
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        <balance>365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>362941.40000000</valUSD>
        <pctVal>0.173926802303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Speedway Motorsports LLC</name>
        <lei>N/A</lei>
        <title>Speedway Motorsports LLC</title>
        <cusip>84779MAA2</cusip>
        <identifiers>
          <isin value="US84779MAA27"/>
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        <balance>215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>214731.25000000</valUSD>
        <pctVal>0.102902340893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</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>Camelot Finance SA</name>
        <lei>N/A</lei>
        <title>Camelot Finance SA</title>
        <cusip>13323AAB6</cusip>
        <identifiers>
          <isin value="US13323AAB61"/>
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        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>233156.25000000</valUSD>
        <pctVal>0.111731869110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
        <title>Comstock Resources, Inc.</title>
        <cusip>205768AS3</cusip>
        <identifiers>
          <isin value="US205768AS39"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>132957.50000000</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>2029-03-01</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>Wyndham Destinations, Inc.</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>Wyndham Destinations, Inc.</title>
        <cusip>98310WAN8</cusip>
        <identifiers>
          <isin value="US98310WAN83"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78493.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000120</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>Midas Intermediate Holdco II LLC</name>
        <lei>N/A</lei>
        <title>Midas Intermediate Holdco II LLC</title>
        <cusip>59563KAA8</cusip>
        <identifiers>
          <isin value="US59563KAA88"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29551.50000000</valUSD>
        <pctVal>0.014161508988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Citgo Holding, Inc.</name>
        <lei>549300NYHOALWZ2BSL72</lei>
        <title>Citgo Holding, Inc.</title>
        <cusip>17302WAB4</cusip>
        <identifiers>
          <isin value="US17302WAB46"/>
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        <balance>270000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>278437.50000000</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>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gates Global LLC</name>
        <lei>N/A</lei>
        <title>Gates Global LLC</title>
        <cusip>36740LAA0</cusip>
        <identifiers>
          <isin value="US36740LAA08"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220212.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Arches Buyer, Inc.</name>
        <lei>N/A</lei>
        <title>Arches Buyer, Inc.</title>
        <cusip>039524AA1</cusip>
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          <isin value="US039524AA11"/>
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        <balance>440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>439535.80000000</valUSD>
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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>4.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
        <title>Comstock Resources, Inc.</title>
        <cusip>205677AB3</cusip>
        <identifiers>
          <isin value="US205677AB38"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293903.10000000</valUSD>
        <pctVal>0.140842643936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
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      <invstOrSec>
        <name>Radiate Holdco LLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Waste Pro USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Assurant, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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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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        <name>CoreCivic, Inc.</name>
        <lei>529900JFA3K6PTLT8B15</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Illuminate Buyer LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>G-III Apparel Group Ltd.</name>
        <lei>529900O5KABM3R3SFM87</lei>
        <title>G-III Apparel Group Ltd.</title>
        <cusip>36237HAA9</cusip>
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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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      <invstOrSec>
        <name>TransAlta Corp.</name>
        <lei>GJZNVO2UY6DNFNIYH321</lei>
        <title>TransAlta Corp.</title>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Ken Garff Automotive 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>2028-09-15</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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        <name>Bausch Health Americas, Inc.</name>
        <lei>KOO0397YRO83WY5MGD97</lei>
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        <name>Life Time, Inc.</name>
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        <name>Shea Homes LP</name>
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        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
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        <name>Alliant Holdings Intermediate LLC</name>
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        <name>Hill-Rom Holdings, Inc.</name>
        <lei>JLZ01A0E2071OH26RE45</lei>
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        <name>Realogy Group LLC</name>
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        <name>Standard Industries, Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Industries, Inc.</title>
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        <name>Brand Industrial Services, Inc.</name>
        <lei>549300B658W2BPDQMW42</lei>
        <title>Brand Industrial Services, Inc.</title>
        <cusip>10524PAB6</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post Holdings, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>374525.00000000</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>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Watco Cos. LLC</name>
        <lei>N/A</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>2027-06-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Hilcorp Energy I LP</name>
        <lei>N/A</lei>
        <title>Hilcorp Energy I LP</title>
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          <isin value="US431318AS36"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>244363.58000000</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>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>845467AN9</cusip>
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          <isin value="US845467AN98"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188337.63000000</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>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Freedom Mortgage Corp.</name>
        <lei>549300LYRWPSYPK6S325</lei>
        <title>Freedom Mortgage Corp.</title>
        <cusip>35640YAF4</cusip>
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          <isin value="US35640YAF43"/>
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        <balance>395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>412378.03000000</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>2026-05-01</maturityDt>
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          <annualizedRt>7.62500000</annualizedRt>
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      <invstOrSec>
        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC Holdings LLC</title>
        <cusip>126307AY3</cusip>
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          <isin value="US126307AY37"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>292485.80000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Videotron Ltd.</name>
        <lei>549300LW4GNJRBECSD81</lei>
        <title>Videotron Ltd.</title>
        <cusip>92660FAK0</cusip>
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          <isin value="US92660FAK03"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>317683.50000000</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>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>
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          <isin value="US29336UAG22"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84390.00000000</valUSD>
        <pctVal>0.040440916485</pctVal>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cleveland-Cliffs, Inc.</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>Cleveland-Cliffs, Inc.</title>
        <cusip>185899AG6</cusip>
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          <isin value="US185899AG62"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>228112.50000000</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>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Carriage Services, Inc.</name>
        <lei>N/A</lei>
        <title>Carriage Services, Inc.</title>
        <cusip>143905AN7</cusip>
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          <isin value="US143905AN72"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105556.00000000</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>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</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>131477AQ4</cusip>
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          <isin value="US131477AQ49"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150171.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Primo Water Holdings, Inc.</name>
        <lei>9845008F9A5F2E1D4832</lei>
        <title>Primo Water Holdings, Inc.</title>
        <cusip>221644AA5</cusip>
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          <isin value="US221644AA51"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>288111.60000000</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>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>LifePoint Health, Inc.</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>LifePoint Health, Inc.</title>
        <cusip>53219LAU3</cusip>
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        <balance>315000.00000000</balance>
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        <valUSD>315456.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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      <invstOrSec>
        <name>Rocket Software, Inc.</name>
        <lei>549300PVG26ISP5X1556</lei>
        <title>Rocket Software, Inc.</title>
        <cusip>77314EAA6</cusip>
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        <balance>365000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Icahn Enterprises LP</name>
        <lei>N/A</lei>
        <title>Icahn Enterprises LP</title>
        <cusip>451102BZ9</cusip>
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        <balance>680000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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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>105964.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Bally's Corp.</name>
        <lei>549300NS4D5IK406VT62</lei>
        <title>Bally's Corp.</title>
        <cusip>90171VAA3</cusip>
        <identifiers>
          <isin value="US90171VAA35"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143785.80000000</valUSD>
        <pctVal>0.068904248483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Adtalem Global Education, Inc.</name>
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        <name>Virgin Media Vendor Financing Notes IV DAC</name>
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        <name>Realogy Group LLC</name>
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        <name>Range Resources Corp.</name>
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        <name>International Game Technology plc</name>
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        <name>Arconic Corp.</name>
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        <name>Kraft Heinz Foods Co.</name>
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        <name>ASGN, Inc.</name>
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        <name>Ford Motor Co.</name>
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        <name>Navistar International Corp.</name>
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        <name>International Game Technology plc</name>
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        <name>Parkland Corp.</name>
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        <name>Centene Corp.</name>
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        <name>Staples, Inc.</name>
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        <name>Nielsen Finance LLC</name>
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      <invstOrSec>
        <name>MEDNAX, Inc.</name>
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        <title>MEDNAX, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Surgery Center Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-15</maturityDt>
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          <annualizedRt>10.00000000</annualizedRt>
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        <name>ModivCare, Inc.</name>
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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>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Kennedy-Wilson, Inc.</name>
        <lei>5EA4464UK7FM5QNNKL62</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>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
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          <isin value="US44106MAT99"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133006.05000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Trident TPI Holdings, Inc.</name>
        <lei>549300TPLK304J3RNC85</lei>
        <title>Trident TPI Holdings, Inc.</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102165.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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        <name>Simmons Foods, Inc.</name>
        <lei>N/A</lei>
        <title>Simmons Foods, Inc.</title>
        <cusip>82873MAA1</cusip>
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          <isin value="US82873MAA18"/>
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        <balance>580000.00000000</balance>
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        <valUSD>585196.80000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Pike Corp.</name>
        <lei>549300P4EKEP6HK0NC58</lei>
        <title>Pike Corp.</title>
        <cusip>721283AA7</cusip>
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        <balance>325000.00000000</balance>
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        <valUSD>335759.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Xerox Holdings Corp.</name>
        <lei>5493000Y33XDVO2CXC18</lei>
        <title>Xerox Holdings Corp.</title>
        <cusip>98421MAB2</cusip>
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          <isin value="US98421MAB28"/>
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        <balance>545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>570206.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Virgin Media Finance plc</name>
        <lei>2138001LVYC87DDHT482</lei>
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        <balance>755000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>753739.15000000</valUSD>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170659.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <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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      <invstOrSec>
        <name>Graham Packaging Co., Inc.</name>
        <lei>N/A</lei>
        <title>Graham Packaging Co., Inc.</title>
        <cusip>384701AA6</cusip>
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        <valUSD>365287.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>Open Text Corp.</name>
        <lei>549300HP7ONDQODZJV16</lei>
        <title>Open Text Corp.</title>
        <cusip>683715AB2</cusip>
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          <isin value="US683715AB22"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>309750.00000000</valUSD>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CSI Compressco LP</name>
        <lei>N/A</lei>
        <title>CSI Compressco LP</title>
        <cusip>12652HAA6</cusip>
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        <balance>125000.00000000</balance>
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        <invCountry>US</invCountry>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
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        <balance>80000.00000000</balance>
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        <invCountry>US</invCountry>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>Natural Resource Partners LP</name>
        <lei>N/A</lei>
        <title>Natural Resource Partners LP</title>
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        <invCountry>US</invCountry>
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        <name>Cushman &amp; Wakefield US Borrower LLC</name>
        <lei>N/A</lei>
        <title>Cushman &amp; Wakefield US Borrower LLC</title>
        <cusip>23166MAA1</cusip>
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          <isin value="US23166MAA18"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>284378.13000000</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>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>213000.00000000</balance>
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        <name>Range Resources Corp.</name>
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        <name>Rockpoint Gas Storage Canada Ltd.</name>
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        <name>StoneX Group, Inc.</name>
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        <name>CP Atlas Buyer, Inc.</name>
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        <name>Sprint Corp.</name>
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        <name>Transocean Sentry Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ascent Resources Utica Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Park River Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Peninsula Pacific Entertainment LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
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        <name>EW Scripps Co. (The)</name>
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        <name>Townsquare Media, Inc.</name>
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        <name>Telesat Canada</name>
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        <name>GFL Environmental, Inc.</name>
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        <name>Berry Global, Inc.</name>
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        <name>EQM Midstream Partners LP</name>
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        <name>Signature Aviation US Holdings, Inc.</name>
        <lei>213800CSNQ87U1MC8N11</lei>
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        <name>Radiology Partners, Inc.</name>
        <lei>549300SFTAG2177WUZ08</lei>
        <title>Radiology Partners, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Royal Caribbean Cruises Ltd.</name>
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      <invstOrSec>
        <name>Pactiv LLC</name>
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        <name>C&amp;S Group Enterprises LLC</name>
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      <invstOrSec>
        <name>Academy Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rockies Express Pipeline LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>APX Group, Inc.</name>
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        <name>DaVita, Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
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        <name>Korn Ferry</name>
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        <name>NFP Corp.</name>
        <lei>VO2L9FZNXDJNQNEYH039</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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        <name>Uniti Group LP</name>
        <lei>N/A</lei>
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        <balance>700000.00000000</balance>
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        <valUSD>696990.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
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        <name>Catalent Pharma Solutions, Inc.</name>
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        <name>Altice France SA</name>
        <lei>5493001ZMCICV4N02J21</lei>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>CommScope, Inc.</name>
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          <annualizedRt>7.12500000</annualizedRt>
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        <name>Dave &amp; Buster's, Inc.</name>
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        <title>Dave &amp; Buster's, Inc.</title>
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        <name>ATS Automation Tooling Systems, Inc.</name>
        <lei>5493005KP4RP3IU7HQ41</lei>
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        <invCountry>CA</invCountry>
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        <name>Transocean Poseidon Ltd.</name>
        <lei>N/A</lei>
        <title>Transocean Poseidon Ltd.</title>
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        <invCountry>KY</invCountry>

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        <name>Chobani LLC</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Kraft Heinz Foods Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-15</maturityDt>
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      <invstOrSec>
        <name>DISH DBS Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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        <name>1011778 BC ULC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Univision Communications, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Martin Midstream Partners LP</name>
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          <maturityDt>2025-02-28</maturityDt>
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        <name>Ford Motor Co.</name>
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        <name>USA Compression Partners LP</name>
        <lei>N/A</lei>
        <title>USA Compression Partners LP</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PowerTeam Services LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>C&amp;W Senior Financing DAC</name>
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        <invCountry>IE</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>KeHE Distributors LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PM General Purchaser LLC</name>
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          <annualizedRt>9.50000000</annualizedRt>
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        <name>Cascades, Inc.</name>
        <lei>N/A</lei>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>Wolverine Escrow LLC</name>
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        <name>AMN Healthcare, Inc.</name>
        <lei>549300H27NUKBFFQEE84</lei>
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        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
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        <name>Alcoa Nederland Holding BV</name>
        <lei>5493000UL1QLQLT1VQ42</lei>
        <title>Alcoa Nederland Holding BV</title>
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        <invCountry>NL</invCountry>

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          <annualizedRt>6.12500000</annualizedRt>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
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        <name>Cars.com, Inc.</name>
        <lei>5493002G6J07LNGX4M98</lei>
        <title>Cars.com, Inc.</title>
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      <invstOrSec>
        <name>Unisys Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CDK Global, Inc.</name>
        <lei>5493000L10CYRTHIJ385</lei>
        <title>CDK Global, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ingevity Corp.</name>
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        <title>Ingevity Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-01</maturityDt>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>N/A</lei>
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          <isin value="US36257BAA70"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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      <invstOrSec>
        <name>Jaguar Land Rover Automotive plc</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Ashland LLC</name>
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        <title>Ashland LLC</title>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Seagate HDD Cayman</name>
        <lei>529900BD50TRWEG1SF63</lei>
        <title>Seagate HDD Cayman</title>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Cedar Fair LP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Clarios Global LP</name>
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          <maturityDt>2027-05-15</maturityDt>
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        <name>Rain CII Carbon LLC</name>
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        <name>NOVA Chemicals Corp.</name>
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        <invCountry>CA</invCountry>
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        <name>Merlin Entertainments Ltd.</name>
        <lei>549300ZTI0VEFO6WV007</lei>
        <title>Merlin Entertainments Ltd.</title>
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        <invCountry>GB</invCountry>
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        <name>Playtika Holding Corp.</name>
        <lei>254900E35Z4TKA4UFG64</lei>
        <title>Playtika Holding Corp.</title>
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        <name>Hilton Worldwide Finance LLC</name>
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        <name>Infrabuild Australia Pty. Ltd.</name>
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        <name>Herbalife Nutrition Ltd.</name>
        <lei>N/A</lei>
        <title>Herbalife Nutrition Ltd.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Brookfield Residential Properties, Inc.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Talen Energy Supply LLC</name>
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        <name>Husky III Holding Ltd.</name>
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        <name>Radiate Holdco LLC</name>
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          <maturityDt>2026-09-15</maturityDt>
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        <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>2023-02-15</maturityDt>
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          <annualizedRt>2.87500000</annualizedRt>
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        <name>Diamond Sports Group LLC</name>
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        <invCountry>US</invCountry>
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        <name>Quicken Loans LLC</name>
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        <name>CSC Holdings LLC</name>
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        <name>Getty Images, Inc.</name>
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        <name>Crestwood Midstream Partners LP</name>
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        <name>Uber Technologies, Inc.</name>
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        <name>Alliant Holdings Intermediate LLC</name>
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        <name>GTCR AP Finance, Inc.</name>
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        <name>Ladder Capital Finance Holdings LLLP</name>
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        <name>Axalta Coating Systems LLC</name>
        <lei>549300G80QONCHILSF69</lei>
        <title>Axalta Coating Systems LLC</title>
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        <invCountry>US</invCountry>
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        <name>Ford Motor Credit Co. LLC</name>
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        <name>CSC Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northwest Fiber LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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      <invstOrSec>
        <name>Ashton Woods USA LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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        <name>Wolverine Escrow LLC</name>
        <lei>N/A</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>2024-11-15</maturityDt>
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          <annualizedRt>8.50000000</annualizedRt>
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        <name>Trinseo Materials Operating SCA</name>
        <lei>N/A</lei>
        <title>Trinseo Materials Operating SCA</title>
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        <balance>180000.00000000</balance>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>CNG Holdings, Inc.</name>
        <lei>5493007UWN8DW8ZWF476</lei>
        <title>CNG Holdings, Inc.</title>
        <cusip>12612DAH9</cusip>
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          <isin value="US12612DAH98"/>
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        <balance>111000.00000000</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>2024-06-15</maturityDt>
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          <annualizedRt>12.50000000</annualizedRt>
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        <name>iHeartCommunications, Inc.</name>
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        <title>iHeartCommunications, Inc.</title>
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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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          <annualizedRt>5.25000000</annualizedRt>
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        <name>W&amp;T Offshore, Inc.</name>
        <lei>549300Q7EOY2YIO3YK85</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GFL Environmental, Inc.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>William Carter Co. (The)</name>
        <lei>TGI2A0HXEYNQPU7TYV27</lei>
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        <name>New Fortress Energy, Inc.</name>
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          <maturityDt>2025-09-15</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>Six Flags Entertainment Corp.</name>
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        <name>Brookfield Residential Properties, Inc.</name>
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        <name>VOC Escrow Ltd.</name>
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        <invCountry>BM</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Coeur Mining, Inc.</name>
        <lei>5493003AVK173D48DR70</lei>
        <title>Coeur Mining, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Austin BidCo, Inc.</name>
        <lei>N/A</lei>
        <title>Austin BidCo, Inc.</title>
        <cusip>92837TAA0</cusip>
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        <balance>150000.00000000</balance>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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      <invstOrSec>
        <name>Universal Entertainment Corp.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-11</maturityDt>
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      <invstOrSec>
        <name>Calpine Corp.</name>
        <lei>43R4VPJBXTU2O15HEF41</lei>
        <title>Calpine Corp.</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>2031-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Service Properties Trust</name>
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          <isin value="US44106MAZ59"/>
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        <curCd>USD</curCd>
        <valUSD>219175.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-01</maturityDt>
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      <invstOrSec>
        <name>Live Nation Entertainment, Inc.</name>
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        <title>Live Nation Entertainment, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-01</maturityDt>
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      <invstOrSec>
        <name>Par Petroleum 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>2025-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Akumin, Inc.</name>
        <lei>N/A</lei>
        <title>Akumin, Inc.</title>
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          <isin value="US01021FAA75"/>
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        <curCd>USD</curCd>
        <valUSD>334472.00000000</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>2025-11-01</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Netflix, Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix, Inc.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>Prestige Brands, Inc.</name>
        <lei>549300JBVP4J6D42I235</lei>
        <title>Prestige Brands, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kraft Heinz Foods Co.</name>
        <lei>5493003STKEZ2S0RNU91</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Churchill Downs, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Gold, Inc.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
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        <name>Cleaver-Brooks, Inc.</name>
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        <name>Molina Healthcare, Inc.</name>
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        <name>Kratos Defense &amp; Security Solutions, Inc.</name>
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        <name>Cornerstone Chemical Co.</name>
        <lei>BL03B05TRUKQ14Y1HC46</lei>
        <title>Cornerstone Chemical Co.</title>
        <cusip>21925AAE5</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-15</maturityDt>
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        <name>NCR Corp.</name>
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      <invstOrSec>
        <name>FirstEnergy Corp.</name>
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        <name>Aramark Services, Inc.</name>
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        <name>CDK Global, Inc.</name>
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          <maturityDt>2027-06-01</maturityDt>
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        <name>IAA, Inc.</name>
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          <maturityDt>2027-06-15</maturityDt>
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        <name>Patrick Industries, Inc.</name>
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        <title>Patrick Industries, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>Occidental Petroleum Corp.</name>
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        <title>Occidental Petroleum Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <name>DCP Midstream Operating LP</name>
        <lei>549300Y6CTBSE0QIPL28</lei>
        <title>DCP Midstream Operating LP</title>
        <cusip>26439XAH6</cusip>
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        <balance>125000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-03</maturityDt>
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        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post Holdings, 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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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Xerox Corp.</name>
        <lei>4KF48RN45X1OO8UBLY20</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-15</maturityDt>
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        <name>Life Time, Inc.</name>
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        <title>Life Time, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Del Monte Foods, Inc.</name>
        <lei>549300U9K7TD84Q24R17</lei>
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        <name>iStar, Inc.</name>
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        <name>New Enterprise Stone &amp; Lime Co., Inc.</name>
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        <name>Flexential Intermediate Corp.</name>
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        <name>TripAdvisor, Inc.</name>
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        <name>HTA Group Ltd.</name>
        <lei>213800WEFU8O8X6EPU13</lei>
        <title>HTA Group Ltd.</title>
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        <invCountry>MU</invCountry>

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        <name>Acrisure LLC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</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>
      <invstOrSec>
        <name>Uniti Group LP</name>
        <lei>N/A</lei>
        <title>Uniti Group LP</title>
        <cusip>91327AAA0</cusip>
        <identifiers>
          <isin value="US91327AAA07"/>
        </identifiers>
        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>593312.50000000</valUSD>
        <pctVal>0.284323986989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos., Inc.</title>
        <cusip>071734AH0</cusip>
        <identifiers>
          <isin value="US071734AH05"/>
        </identifiers>
        <balance>275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>279456.38000000</valUSD>
        <pctVal>0.133919565408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Resolute Forest Products, Inc.</name>
        <lei>N/A</lei>
        <title>Resolute Forest Products, Inc.</title>
        <cusip>76117WAC3</cusip>
        <identifiers>
          <isin value="US76117WAC38"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204250.00000000</valUSD>
        <pctVal>0.097879573315</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>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Albertsons Cos., Inc.</name>
        <lei>N/A</lei>
        <title>Albertsons Cos., Inc.</title>
        <cusip>013092AB7</cusip>
        <identifiers>
          <isin value="US013092AB74"/>
        </identifiers>
        <balance>280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>298571.00000000</valUSD>
        <pctVal>0.143079569568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suburban Propane Partners LP</name>
        <lei>N/A</lei>
        <title>Suburban Propane Partners LP</title>
        <cusip>864486AK1</cusip>
        <identifiers>
          <isin value="US864486AK16"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>156656.25000000</valUSD>
        <pctVal>0.075071955481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harvest Midstream I LP</name>
        <lei>549300DW5M17KJOXCY66</lei>
        <title>Harvest Midstream I LP</title>
        <cusip>417558AA1</cusip>
        <identifiers>
          <isin value="US417558AA18"/>
        </identifiers>
        <balance>215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>232281.70000000</valUSD>
        <pctVal>0.111312772019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</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>Goldman Sachs Capital I</name>
        <lei>5299005MCIJK7R2NP351</lei>
        <title>Goldman Sachs Capital I</title>
        <cusip>38143VAA7</cusip>
        <identifiers>
          <isin value="US38143VAA70"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27503.69000000</valUSD>
        <pctVal>0.013180168625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.34500000</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>Match Group Holdings II LLC</name>
        <lei>N/A</lei>
        <title>Match Group Holdings II LLC</title>
        <cusip>57665RAN6</cusip>
        <identifiers>
          <isin value="US57665RAN61"/>
        </identifiers>
        <balance>340000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>351488.60000000</valUSD>
        <pctVal>0.168438453822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Royal Caribbean Cruises Ltd.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd.</title>
        <cusip>780153BC5</cusip>
        <identifiers>
          <isin value="US780153BC56"/>
        </identifiers>
        <balance>320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>353667.20000000</valUSD>
        <pctVal>0.169482470656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</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>2021-06-01</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>
</edgarSubmission>
