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        <name>Adams Homes, Inc.</name>
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      <invstOrSec>
        <name>Adient Global Holdings Ltd.</name>
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        <name>Adtalem Global Education, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AECOM</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Advantage Sales &amp; Marketing, Inc.</name>
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        <name>Aethon United BR LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AG TTMT Escrow Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Affinity Interactive</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ahead DB Holdings LLC</name>
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        <name>Air Canada</name>
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        <name>Albertsons Cos., Inc.</name>
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        <name>Albertsons Cos., Inc.</name>
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        <name>Albion Financing 1 SARL</name>
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        <name>Altice Financing SA</name>
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        <name>Altice Financing SA</name>
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      <invstOrSec>
        <name>Alteryx, Inc.</name>
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        <title>Alteryx, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Altice France SA</name>
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        <title>Altice France SA</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Altice France SA</name>
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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>Altice France SA</name>
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        <cusip>02156LAE1</cusip>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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      <invstOrSec>
        <name>Altice France SA</name>
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        <cusip>02156LAF8</cusip>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Altice France SA</name>
        <lei>5493001ZMCICV4N02J21</lei>
        <title>Altice France SA</title>
        <cusip>02156LAH4</cusip>
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          <isin value="US02156LAH42"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>American Airlines, Inc.</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
        <title>American Airlines, Inc.</title>
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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>7.25000000</annualizedRt>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
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        <title>American Axle &amp; Manufacturing, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>American Builders &amp; Contractors Supply Co., Inc.</name>
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        <name>AmeriTex HoldCo Intermediate LLC</name>
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        <name>AmeriGas Partners LP</name>
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        <name>AmWINS Group, Inc.</name>
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        <name>Amsted Industries, Inc.</name>
        <lei>N2VLGYMEEBIU3PFSUY86</lei>
        <title>Amsted Industries, Inc.</title>
        <cusip>032177AJ6</cusip>
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        <invCountry>US</invCountry>
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        <name>Antero Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>Antero Midstream Partners LP</title>
        <cusip>03690AAD8</cusip>
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        <balance>1424000.00000000</balance>
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        <name>Apollo Commercial Real Estate Finance, Inc.</name>
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        <name>Aramark Services, Inc.</name>
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        <name>Arches Buyer, Inc.</name>
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        <name>Arches Buyer, Inc.</name>
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        <name>Archrock Partners LP</name>
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        <name>Arcosa, Inc.</name>
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        <name>Ardagh Metal Packaging Finance USA LLC</name>
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        <name>Ardagh Metal Packaging Finance USA LLC</name>
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        <name>Ardagh Metal Packaging Finance USA LLC</name>
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        <name>Ardonagh Group Finance Ltd.</name>
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        <name>Aretec Group, Inc.</name>
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        <name>Arsenal AIC Parent LLC</name>
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        <name>Asbury Automotive Group, Inc.</name>
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        <name>Ascent Resources Utica Holdings LLC</name>
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        <name>Ashland, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ashland, Inc.</name>
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        <name>Ashton Woods USA LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ashton Woods USA LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Assurant, Inc.</name>
        <lei>H3F39CAXWQRVWURFXL38</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Armor Holdco, Inc.</name>
        <lei>254900X6HLK0YPTHHF09</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>At Home Group, Inc.</name>
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        <name>Athabasca Oil Corp.</name>
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        <invCountry>CA</invCountry>
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        <name>Allied Universal Holdco LLC</name>
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        <name>Avis Budget Car Rental LLC</name>
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        <name>Axalta Coating Systems Dutch Holding B BV</name>
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        <name>B&amp;G Foods, Inc.</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
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        <name>BCPE Empire Holdings, Inc.</name>
        <lei>549300O2G0VI2955B626</lei>
        <title>BCPE Empire Holdings, Inc.</title>
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      <invstOrSec>
        <name>BCPE Ulysses Intermediate, Inc.</name>
        <lei>N/A</lei>
        <title>BCPE Ulysses Intermediate, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BWX Technologies, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BWX Technologies, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banijay Entertainment SAS</name>
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          <isin value="US060335AB23"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
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      <invstOrSec>
        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
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          <isin value="US071734AN72"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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      <invstOrSec>
        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Baytex Energy Corp.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-30</maturityDt>
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          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Beacon Roofing Supply, Inc.</name>
        <lei>549300HDXQWWCBOYXP31</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Beacon Roofing Supply, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BellRing Brands, Inc.</name>
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        <name>Belo Corp.</name>
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        <name>Belo Corp.</name>
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        <name>Berry Petroleum Co. LLC</name>
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        <name>Blackstone Mortgage Trust, Inc.</name>
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        <name>Brightline East LLC</name>
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        <name>BlueLinx Holdings, Inc.</name>
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        <name>Boise Cascade Co.</name>
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        <name>Bombardier, Inc.</name>
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        <title>Bombardier, Inc.</title>
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        <name>Likewize Corp.</name>
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        <name>Buckeye Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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      <invstOrSec>
        <name>C&amp;S Group Enterprises LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US1248EPBT92"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
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          <isin value="US1248EPCB75"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
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          <isin value="US1248EPCD32"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
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          <isin value="US1248EPCE15"/>
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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>CCO Holdings LLC</name>
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          <isin value="US1248EPCK74"/>
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          <maturityDt>2031-02-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
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        <name>CCO Holdings LLC</name>
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          <maturityDt>2032-05-01</maturityDt>
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        <name>CCO Holdings LLC</name>
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        <name>CCO Holdings LLC</name>
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        <name>CCO Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
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      <invstOrSec>
        <name>CD&amp;R Smokey Buyer, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-15</maturityDt>
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        <name>Churchill Downs, Inc.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>CTR Partnership LP</name>
        <lei>N/A</lei>
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        <cusip>126458AE8</cusip>
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          <isin value="US126458AE87"/>
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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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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CNX Resources Corp.</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX Resources Corp.</title>
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          <isin value="US12653CAJ71"/>
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        <balance>1520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1504587.12000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CNX Resources Corp.</name>
        <lei>549300JK3KH8PWM3B226</lei>
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          <isin value="US12653CAK45"/>
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        <balance>1115000.00000000</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>2031-01-15</maturityDt>
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      <invstOrSec>
        <name>CNX Midstream Partners LP</name>
        <lei>N/A</lei>
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          <isin value="US12654AAA97"/>
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        <balance>2210000.00000000</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>2030-04-15</maturityDt>
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      <invstOrSec>
        <name>CQP Holdco LP</name>
        <lei>N/A</lei>
        <title>CQP Holdco LP</title>
        <cusip>12657NAA8</cusip>
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          <isin value="US12657NAA81"/>
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        <balance>2415000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>CVR Energy, Inc.</name>
        <lei>529900SOYZIXZBTXB558</lei>
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          <isin value="US12662PAD06"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1037020.27000000</valUSD>
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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>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CVR Energy, Inc.</name>
        <lei>529900SOYZIXZBTXB558</lei>
        <title>CVR Energy, Inc.</title>
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          <isin value="US12662PAF53"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1423840.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CVR Partners LP</name>
        <lei>N/A</lei>
        <title>CVR Partners LP</title>
        <cusip>12663QAC9</cusip>
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          <isin value="US12663QAC96"/>
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        <balance>2955000.00000000</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>2028-06-15</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Cable One, Inc.</name>
        <lei>549300648QS85T0XSH18</lei>
        <title>Cable One, Inc.</title>
        <cusip>12685JAC9</cusip>
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          <isin value="US12685JAC99"/>
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        <balance>3650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2806341.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cablevision Lightpath LLC</name>
        <lei>5493002ZVBLRLGES1R71</lei>
        <title>Cablevision Lightpath LLC</title>
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        <balance>500000.00000000</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>2028-09-15</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Calderys Financing LLC</name>
        <lei>254900ZIKDM74XNEFV84</lei>
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        <balance>1835000.00000000</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>2028-06-01</maturityDt>
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          <annualizedRt>11.25000000</annualizedRt>
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      <invstOrSec>
        <name>California Resources Corp.</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>California Resources Corp.</title>
        <cusip>13057QAH0</cusip>
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          <isin value="US13057QAH02"/>
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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>2026-02-01</maturityDt>
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      <invstOrSec>
        <name>California Resources Corp.</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>California Resources Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Calumet Specialty Products Partners LP</name>
        <lei>N/A</lei>
        <title>Calumet Specialty Products Partners LP</title>
        <cusip>131477AV3</cusip>
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        <balance>550000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Calumet Specialty Products Partners LP</name>
        <lei>N/A</lei>
        <title>Calumet Specialty Products Partners LP</title>
        <cusip>131477AW1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Camelot Finance SA</name>
        <lei>N/A</lei>
        <title>Camelot Finance SA</title>
        <cusip>13323AAB6</cusip>
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        <balance>665000.00000000</balance>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Camelot Return Merger Sub, Inc.</name>
        <lei>N/A</lei>
        <title>Camelot Return Merger Sub, Inc.</title>
        <cusip>13323NAA0</cusip>
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        <balance>1180000.00000000</balance>
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        <valUSD>1173173.46000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>Cargo Aircraft Management, Inc.</name>
        <lei>549300GH5J7LOMV44F11</lei>
        <title>Cargo Aircraft Management, Inc.</title>
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      <invstOrSec>
        <name>Carnival Corp.</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>Carnival Corp.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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      <invstOrSec>
        <name>Carnival Holdings Bermuda Ltd.</name>
        <lei>N/A</lei>
        <title>Carnival Holdings Bermuda Ltd.</title>
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          <isin value="US14366RAA77"/>
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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>10.37500000</annualizedRt>
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      <invstOrSec>
        <name>Carriage Purchaser, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US14445LAA52"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
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        <name>Cars.com, Inc.</name>
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        <title>Cars.com, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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      <invstOrSec>
        <name>Carvana Co.</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>Carvana Co.</title>
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          <isin value="US146869AM47"/>
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        <balance>8920000.00000000</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>2031-06-01</maturityDt>
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      <invstOrSec>
        <name>Carvana Co.</name>
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        <name>Cascades, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cedar Fair LP</name>
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        <name>Central Garden &amp; Pet Co.</name>
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        <name>Central Garden &amp; Pet Co.</name>
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        <name>Central Parent, Inc.</name>
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        <name>Central Parent LLC</name>
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        <name>Century Aluminum Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cerdia Finanz GmbH</name>
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        <name>Champions Financing, Inc.</name>
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        <name>Olympus Water US Holding Corp.</name>
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        <name>Chemours Co. (The)</name>
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        <name>Cheplapharm Arzneimittel GmbH</name>
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        <name>Chesapeake Energy Corp.</name>
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        <name>Churchill Downs, Inc.</name>
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        <name>Churchill Downs, Inc.</name>
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        <name>Cimpress plc</name>
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        <name>Cinemark USA, Inc.</name>
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        <name>CITGO Petroleum Corp.</name>
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        <name>Civitas Resources, Inc.</name>
        <lei>IIVIHPH28S64K95M2381</lei>
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        <name>Clean Harbors, Inc.</name>
        <lei>5493000SJVZVZJKHJF48</lei>
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        <name>CoreLogic, Inc.</name>
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        <name>Crowdstrike Holdings, Inc.</name>
        <lei>549300YBY08K9KM4HX32</lei>
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        <name>Delek Logistics Partners LP</name>
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        <name>Deluxe Corp.</name>
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        <name>Dornoch Debt Merger Sub, Inc.</name>
        <lei>N/A</lei>
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        <name>Eco Material Technologies, Inc.</name>
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        <name>Edgewell Personal Care Co.</name>
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        <name>Edison International</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Edison International</name>
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        <name>eG Global Finance plc</name>
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        <name>Elastic NV</name>
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        <name>Eldorado Gold Corp.</name>
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        <name>Element Solutions, Inc.</name>
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        <name>Embecta Corp.</name>
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        <name>Emera, Inc.</name>
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        <name>Empire Communities Corp.</name>
        <lei>549300JM1L6KK2QFP273</lei>
        <title>Empire Communities Corp.</title>
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      <invstOrSec>
        <name>Encino Acquisition Partners Holdings LLC</name>
        <lei>549300BUKUEKT2UE4T49</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Encore Capital Group, Inc.</name>
        <lei>5493000UVC6H49CIH830</lei>
        <title>Encore Capital Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>Encompass Health Corp.</title>
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          <isin value="US29261AAA88"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
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          <isin value="US29261AAE01"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
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        <name>Energizer Holdings, Inc.</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>Energizer Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Energizer Holdings, Inc.</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>Energizer Holdings, Inc.</title>
        <cusip>29272WAD1</cusip>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-31</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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        <name>Energizer Holdings, Inc.</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>Energizer Holdings, Inc.</title>
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          <isin value="US29272WAF68"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VAX8</cusip>
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          <isin value="US29273VAX82"/>
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        <balance>4450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4737466.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VBC3</cusip>
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          <isin value="US29273VBC37"/>
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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>2054-10-01</maturityDt>
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        <name>Newfold Digital Holdings Group, Inc.</name>
        <lei>549300UTQC2651SB0W88</lei>
        <title>Newfold Digital Holdings Group, Inc.</title>
        <cusip>29279XAA8</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Energean plc</name>
        <lei>549300RVMKU0CYUZBB05</lei>
        <title>Energean plc</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-30</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>EnQuest plc</name>
        <lei>2138008LJU6WFQWOXJ73</lei>
        <title>EnQuest plc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Enova International, Inc.</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>Enova International, Inc.</title>
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        <name>EquipmentShare.com, Inc.</name>
        <lei>254900PWJK48CGPKPI80</lei>
        <title>EquipmentShare.com, Inc.</title>
        <cusip>29450YAA7</cusip>
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        <name>EUSHI Finance, Inc.</name>
        <lei>N/A</lei>
        <title>EUSHI Finance, Inc.</title>
        <cusip>29882DAA1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-15</maturityDt>
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        <name>Evergreen Acqco 1 LP</name>
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        <title>Evergreen Acqco 1 LP</title>
        <cusip>30015DAA9</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Everi Holdings, Inc.</name>
        <lei>5299006DK5S7BG10K532</lei>
        <title>Everi Holdings, Inc.</title>
        <cusip>30034TAA1</cusip>
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        <balance>600000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GGAM Finance Ltd.</name>
        <lei>254900X2QXEN0FVXRF65</lei>
        <title>GGAM Finance Ltd.</title>
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          <isin value="US36170JAA43"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>952513.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GGAM Finance Ltd.</name>
        <lei>254900X2QXEN0FVXRF65</lei>
        <title>GGAM Finance Ltd.</title>
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          <isin value="US36170JAC09"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>516962.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>Garda World Security Corp.</title>
        <cusip>36257BAA7</cusip>
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          <isin value="US36257BAA70"/>
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        <balance>970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>976125.55000000</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>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GYP Holdings III Corp.</name>
        <lei>549300055I1KJWZH9690</lei>
        <title>GYP Holdings III Corp.</title>
        <cusip>36261NAA5</cusip>
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          <isin value="US36261NAA54"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>707991.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GPS Hospitality Holding Co. LLC</name>
        <lei>N/A</lei>
        <title>GPS Hospitality Holding Co. LLC</title>
        <cusip>36262BAA0</cusip>
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          <isin value="US36262BAA08"/>
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        <balance>1240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>900582.86000000</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>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Boost Newco Borrower LLC</name>
        <lei>254900S8RE1OL7TTCU64</lei>
        <title>Boost Newco Borrower LLC</title>
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          <isin value="US36268NAA81"/>
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        <balance>2150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2264536.95000000</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>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gannett Holdings LLC</name>
        <lei>N/A</lei>
        <title>Gannett Holdings LLC</title>
        <cusip>36474GAA3</cusip>
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          <isin value="US36474GAA31"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>320541.11000000</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>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gap, Inc. (The)</name>
        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
        <title>Gap, Inc. (The)</title>
        <cusip>364760AP3</cusip>
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          <isin value="US364760AP35"/>
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        <balance>1865000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1630186.35000000</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>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gap, Inc. (The)</name>
        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
        <title>Gap, Inc. (The)</title>
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          <isin value="US364760AQ18"/>
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        <curCd>USD</curCd>
        <valUSD>1279320.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>Garda World Security Corp.</title>
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          <isin value="US36485MAK53"/>
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        <balance>1070000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1030164.16000000</valUSD>
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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>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>Garda World Security Corp.</title>
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          <isin value="US36485MAM10"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Neogen Food Safety Corp.</name>
        <lei>N/A</lei>
        <title>Neogen Food Safety Corp.</title>
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          <isin value="US365417AA28"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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      <invstOrSec>
        <name>Garrett Motion Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Garrett Motion Holdings, Inc.</title>
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        <balance>4600000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-31</maturityDt>
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          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Genesis Energy LP</name>
        <lei>N/A</lei>
        <title>Genesis Energy LP</title>
        <cusip>37185LAL6</cusip>
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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>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Genesis Energy LP</name>
        <lei>N/A</lei>
        <title>Genesis Energy LP</title>
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        <balance>2005000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2050167.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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      <invstOrSec>
        <name>Genesis Energy LP</name>
        <lei>N/A</lei>
        <title>Genesis Energy LP</title>
        <cusip>37185LAN2</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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      <invstOrSec>
        <name>Genting New York LLC</name>
        <lei>N/A</lei>
        <title>Genting New York LLC</title>
        <cusip>37255JAA0</cusip>
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        <balance>2800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2696380.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Global Net Lease, Inc.</name>
        <lei>N/A</lei>
        <title>Global Net Lease, Inc.</title>
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          <isin value="US37892AAA88"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Global Partners LP</name>
        <lei>N/A</lei>
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          <isin value="US37954FAG90"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Global Partners LP</name>
        <lei>N/A</lei>
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          <isin value="US37954FAJ30"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Global Partners LP</name>
        <lei>N/A</lei>
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          <isin value="US37954FAK03"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>Global Atlantic Fin Co.</name>
        <lei>N/A</lei>
        <title>Global Atlantic Fin Co.</title>
        <cusip>37959GAC1</cusip>
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          <isin value="US37959GAC15"/>
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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>2051-10-15</maturityDt>
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      <invstOrSec>
        <name>Global Medical Response, Inc.</name>
        <lei>549300ZFWD4ZFCEJCQ87</lei>
        <title>Global Medical Response, Inc.</title>
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          <isin value="US37960BAB18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Global Infrastructure Solutions, Inc.</name>
        <lei>2549003BGLQITAJ6ZT28</lei>
        <title>Global Infrastructure Solutions, Inc.</title>
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          <isin value="US37960XAA54"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Global Infrastructure Solutions, Inc.</name>
        <lei>2549003BGLQITAJ6ZT28</lei>
        <title>Global Infrastructure Solutions, Inc.</title>
        <cusip>37960XAB3</cusip>
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          <isin value="US37960XAB38"/>
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        <balance>616000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Go Daddy Operating Co. LLC</name>
        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>goeasy Ltd.</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>goeasy Ltd.</title>
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        <balance>675000.00000000</balance>
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        <valUSD>655264.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>goeasy Ltd.</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>goeasy Ltd.</title>
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        <balance>630000.00000000</balance>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>9.25000000</annualizedRt>
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      <invstOrSec>
        <name>GoTo Group, Inc.</name>
        <lei>549300D12V5KRBV00592</lei>
        <title>GoTo Group, Inc.</title>
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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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      <invstOrSec>
        <name>GoTo Group, Inc.</name>
        <lei>549300D12V5KRBV00592</lei>
        <title>GoTo Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Graham Packaging Co., Inc.</name>
        <lei>549300YS0ZFT826HIK72</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Grand Canyon University</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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      <invstOrSec>
        <name>Grand Canyon University</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gray Television, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Television, Inc.</title>
        <cusip>389284AA8</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gray Television, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Television, Inc.</title>
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        <balance>1555000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gray Television, Inc.</name>
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        <name>Great Lakes Dredge &amp; Dock Corp.</name>
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        <name>Greenfire Resources Ltd.</name>
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        <name>Griffon Corp.</name>
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        <name>Grifols SA</name>
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        <name>Gulfport Energy Corp.</name>
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        <name>HLF Financing Sarl LLC</name>
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        <name>HB Fuller Co.</name>
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        <name>Hawaiian Brand Intellectual Property Ltd.</name>
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        <name>Helios Software Holdings, Inc.</name>
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        <name>Helix Energy Solutions Group, Inc.</name>
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        <name>Herbalife Nutrition Ltd.</name>
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        <name>Hughes Satellite Systems Corp.</name>
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      <invstOrSec>
        <name>Husky Injection Molding Systems Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IHO Verwaltungs GmbH</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Iliad Holding SASU</name>
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          <isin value="US449691AA27"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>9695009PXA7OI9NXN582</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>INEOS Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ITT Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Icahn Enterprises LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-15</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>Icahn Enterprises LP</name>
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        <name>Icahn Enterprises LP</name>
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        <name>Illuminate Buyer LLC</name>
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        <name>Imola Merger Corp.</name>
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        <name>Crescent Energy Finance LLC</name>
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        <name>INEOS Quattro Finance 2 plc</name>
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        <name>Infrabuild Australia Pty. Ltd.</name>
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        <name>Intelligent Packaging Ltd. Finco, Inc.</name>
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        <name>Interpipe Holdings plc</name>
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        <name>JELD-WEN, Inc.</name>
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        <name>KFC Holding Co.</name>
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        <name>Karoon USA Finance, Inc.</name>
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        <name>KeHE Distributors LLC</name>
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        <name>Ken Garff Automotive LLC</name>
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        <name>Kennedy-Wilson, Inc.</name>
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        <name>Kedrion SpA</name>
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        <name>Knife River Corp.</name>
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        <name>Kodiak Gas Services LLC</name>
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        <name>Kontoor Brands, Inc.</name>
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        <name>Korn Ferry</name>
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        <name>LABL, Inc.</name>
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        <name>Level 3 Financing, Inc.</name>
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        <name>Level 3 Financing, Inc.</name>
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        <name>Liberty Interactive LLC</name>
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        <name>Liberty Mutual Group, Inc.</name>
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        <name>Bath &amp; Body Works, Inc.</name>
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        <name>MEG Energy Corp.</name>
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        <name>M/I Homes, Inc.</name>
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        <name>MIWD Holdco II LLC</name>
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        <name>Macquarie Airfinance Holdings Ltd.</name>
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        <name>Macy's Retail Holdings LLC</name>
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        <name>Michaels Cos., Inc. (The)</name>
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      <invstOrSec>
        <name>Mallinckrodt International Finance SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Marriott Ownership Resorts, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Martin Midstream Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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      <invstOrSec>
        <name>Mattamy Group Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-15</maturityDt>
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        <name>Mattamy Group Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mauser Packaging Solutions Holding Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
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        <name>Mauser Packaging Solutions Holding Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>McGraw-Hill Education, Inc.</name>
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        <name>Maxim Crane Works Holdings Capital LLC</name>
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        <name>McAfee Corp.</name>
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        <name>Mclaren Finance plc</name>
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        <name>Methanex Corp.</name>
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        <name>MicroStrategy, Inc.</name>
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        <name>Midcap Financial Issuer Trust</name>
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        <name>Midcap Financial Issuer Trust</name>
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        <name>Midwest Gaming Borrower LLC</name>
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      <invstOrSec>
        <name>Millennium Escrow Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Mineral Resources Ltd.</name>
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      <invstOrSec>
        <name>Mineral Resources Ltd.</name>
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        <name>Mineral Resources Ltd.</name>
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        <name>Mineral Resources Ltd.</name>
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        <name>Minerals Technologies, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Miter Brands Acquisition Holdco, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mobius Merger Sub, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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        <name>Mohegan Tribal Gaming Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-01</maturityDt>
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        <name>Molina Healthcare, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Molina Healthcare, Inc.</name>
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        <name>Moss Creek Resources Holdings, Inc.</name>
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        <name>Medline Borrower LP</name>
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        <name>Murphy Oil Corp.</name>
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        <name>Murphy Oil Corp.</name>
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        <name>NCL Corp. Ltd.</name>
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        <name>NCL Corp. Ltd.</name>
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        <name>NGL Energy Operating LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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        <name>NGL Energy Operating LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
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        <name>NMG Holding Co., Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>NRG Energy, Inc.</name>
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        <name>Nabors Industries Ltd.</name>
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        <name>Nationstar Mortgage Holdings, Inc.</name>
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        <name>Nationstar Mortgage Holdings, Inc.</name>
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        <name>Nationstar Mortgage Holdings, Inc.</name>
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        <name>Nationstar Mortgage Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Nationstar Mortgage Holdings, Inc.</title>
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      <invstOrSec>
        <name>NCR Atleos Corp.</name>
        <lei>N/A</lei>
        <title>NCR Atleos Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>GPD Cos., Inc.</name>
        <lei>N/A</lei>
        <title>GPD Cos., Inc.</title>
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          <isin value="US64051NAA19"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>10.12500000</annualizedRt>
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        <name>Neptune Bidco US, Inc.</name>
        <lei>549300VG15T3VCYZ4531</lei>
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          <isin value="US640695AA01"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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          <annualizedRt>9.29000000</annualizedRt>
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        <name>NESCO Holdings II, Inc.</name>
        <lei>254900FAHT0HW9T6L409</lei>
        <title>NESCO Holdings II, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>New Fortress Energy, Inc.</name>
        <lei>254900EICTYTCHA5X705</lei>
        <title>New Fortress Energy, Inc.</title>
        <cusip>644393AA8</cusip>
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          <isin value="US644393AA81"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Fortress Energy, Inc.</name>
        <lei>254900EICTYTCHA5X705</lei>
        <title>New Fortress Energy, Inc.</title>
        <cusip>644393AB6</cusip>
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          <isin value="US644393AB64"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>New Fortress Energy, Inc.</name>
        <lei>254900EICTYTCHA5X705</lei>
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          <isin value="US644393AC48"/>
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        <balance>750000.00000000</balance>
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        <valUSD>680069.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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        <name>New Home Co., Inc. (The)</name>
        <lei>549300PLCE8TB3TVRQ85</lei>
        <title>New Home Co., Inc. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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      <invstOrSec>
        <name>Rithm Capital Corp.</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>Rithm Capital Corp.</title>
        <cusip>64828TAA0</cusip>
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          <isin value="US64828TAA07"/>
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        <balance>925000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Rithm Capital Corp.</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>Rithm Capital Corp.</title>
        <cusip>64828TAB8</cusip>
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        <balance>4410000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>Newfold Digital Holdings Group, Inc.</name>
        <lei>549300UTQC2651SB0W88</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-10-15</maturityDt>
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          <annualizedRt>11.75000000</annualizedRt>
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        <name>Newell Brands, Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>Newell Brands, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>News Corp.</name>
        <lei>549300ITS31QK8VRBQ14</lei>
        <title>News Corp.</title>
        <cusip>65249BAA7</cusip>
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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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        <name>News Corp.</name>
        <lei>549300ITS31QK8VRBQ14</lei>
        <title>News Corp.</title>
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        <name>Nexstar Media, Inc.</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>Nexstar Media, Inc.</title>
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        <name>NextEra Energy Operating Partners LP</name>
        <lei>549300KJEC5IUVJWR786</lei>
        <title>NextEra Energy Operating Partners LP</title>
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        <invCountry>US</invCountry>
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        <name>Nexstar Media, Inc.</name>
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        <name>Noble Finance II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nomura Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nordstrom, Inc.</name>
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        <name>Northern Oil &amp; Gas, Inc.</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
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          <maturityDt>2031-06-15</maturityDt>
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        <name>Northern Oil &amp; Gas, Inc.</name>
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        <name>Gen Digital, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NOVA Chemicals Corp.</name>
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        <name>NOVA Chemicals Corp.</name>
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        <name>NOVA Chemicals Corp.</name>
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        <name>NOVA Chemicals Corp.</name>
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        <name>Brundage-Bone Concrete Pumping Holdings, Inc.</name>
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        <name>Novelis Corp.</name>
        <lei>549300G5F3W3B52WYL23</lei>
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        <name>Novelis Corp.</name>
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        <name>Nufarm Australia Ltd.</name>
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        <name>NuStar Logistics LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NuStar Logistics LP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Constellation Insurance, Inc.</name>
        <lei>549300K609B872PZT291</lei>
        <title>Constellation Insurance, Inc.</title>
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          <isin value="US67740QAG10"/>
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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>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>Constellation Insurance, Inc.</name>
        <lei>549300K609B872PZT291</lei>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>218079.82000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-24</maturityDt>
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          <annualizedRt>6.80000040</annualizedRt>
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      <invstOrSec>
        <name>Olympus Water US Holding Corp.</name>
        <lei>549300YU2GGVCBN3MY89</lei>
        <title>Olympus Water US Holding Corp.</title>
        <cusip>681639AA8</cusip>
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          <isin value="US681639AA87"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>737642.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>180 Medical, Inc.</name>
        <lei>254900ZB648OPWVFVX59</lei>
        <title>180 Medical, Inc.</title>
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          <isin value="US682357AA69"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>181307.94000000</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>2029-10-15</maturityDt>
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          <annualizedRt>3.87500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>1011778 BC ULC</name>
        <lei>N/A</lei>
        <title>1011778 BC ULC</title>
        <cusip>68245XAH2</cusip>
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          <isin value="US68245XAH26"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>300869.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>1011778 BC ULC</name>
        <lei>N/A</lei>
        <title>1011778 BC ULC</title>
        <cusip>68245XAJ8</cusip>
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          <isin value="US68245XAJ81"/>
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        <balance>510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>484952.88000000</valUSD>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>1011778 BC ULC</name>
        <lei>N/A</lei>
        <title>1011778 BC ULC</title>
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          <isin value="US68245XAM11"/>
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        <balance>3260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2907837.03000000</valUSD>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
        <cusip>682691AC4</cusip>
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          <isin value="US682691AC47"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274055.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Open Text Corp.</name>
        <lei>549300HP7ONDQODZJV16</lei>
        <title>Open Text Corp.</title>
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        <name>Open Text Holdings, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Open Text Holdings, Inc.</name>
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        <name>Option Care Health, Inc.</name>
        <lei>549300DI3Q5ACSYJRI17</lei>
        <title>Option Care Health, Inc.</title>
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        <name>Oriflame Investment Holding plc</name>
        <lei>549300LGP4VBCHWQTD80</lei>
        <title>Oriflame Investment Holding plc</title>
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        <invCountry>JE</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Organon &amp; Co.</name>
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        <title>Organon &amp; Co.</title>
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        <balance>1857000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oscar AcquisitionCo LLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>OT Merger Corp.</name>
        <lei>N/A</lei>
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          <isin value="US688777AA92"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oxford Finance LLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>P&amp;L Development LLC</name>
        <lei>N/A</lei>
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          <isin value="US69306RAA41"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PBF Holding Co. LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PBF Holding Co. LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PG&amp;E Corp.</name>
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        <title>PG&amp;E Corp.</title>
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          <isin value="US69331CAH16"/>
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        <balance>805000.00000000</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>2028-07-01</maturityDt>
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      <invstOrSec>
        <name>PG&amp;E Corp.</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E Corp.</title>
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          <isin value="US69331CAJ71"/>
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        <balance>905000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Performance Food Group, Inc.</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>Performance Food Group, Inc.</title>
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          <isin value="US69346VAA70"/>
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        <balance>4090000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>PRA Group, Inc.</name>
        <lei>549300Q5HW3JSSB86K27</lei>
        <title>PRA Group, Inc.</title>
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        <balance>115000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
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        <name>Vibrantz Technologies, Inc.</name>
        <lei>549300GYZ1T3S8OPH343</lei>
        <title>Vibrantz Technologies, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PTC, Inc.</name>
        <lei>54930050SSMU8SKDJ030</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Papa John's International, Inc.</name>
        <lei>HZYLD3DK5XOX0WBVNB56</lei>
        <title>Papa John's International, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Park River Holdings, Inc.</name>
        <lei>254900PGY077KWCROT75</lei>
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      <invstOrSec>
        <name>Park River Holdings, Inc.</name>
        <lei>254900PGY077KWCROT75</lei>
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      <invstOrSec>
        <name>Parkland Corp.</name>
        <lei>549300UY5C6HUV0XLS53</lei>
        <title>Parkland Corp.</title>
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      <invstOrSec>
        <name>Parkland Corp.</name>
        <lei>549300UY5C6HUV0XLS53</lei>
        <title>Parkland Corp.</title>
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        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>Parkland Corp.</name>
        <lei>549300UY5C6HUV0XLS53</lei>
        <title>Parkland Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Precision Drilling Corp.</name>
        <lei>549300WF2OE8T5BP4B84</lei>
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          <isin value="US740212AM74"/>
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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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      <invstOrSec>
        <name>Prestige Brands, Inc.</name>
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        <balance>825000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Prestige Brands, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
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      <invstOrSec>
        <name>Prime Healthcare Services, Inc.</name>
        <lei>N/A</lei>
        <title>Prime Healthcare Services, Inc.</title>
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          <isin value="US74165HAB42"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
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      <invstOrSec>
        <name>Prime Security Services Borrower LLC</name>
        <lei>N/A</lei>
        <title>Prime Security Services Borrower LLC</title>
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          <isin value="US74166MAC01"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Prime Security Services Borrower LLC</name>
        <lei>N/A</lei>
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          <isin value="US74166MAE66"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Prime Security Services Borrower LLC</name>
        <lei>N/A</lei>
        <title>Prime Security Services Borrower LLC</title>
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          <isin value="US74166MAF32"/>
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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>2027-08-31</maturityDt>
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        <name>ADT Security Corp. (The)</name>
        <lei>5493009JEEDYLVRA0J13</lei>
        <title>ADT Security Corp. (The)</title>
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          <isin value="US74166NAA28"/>
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        <balance>781000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Primo Water Holdings, Inc.</name>
        <lei>9845008F9A5F2E1D4832</lei>
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        <balance>530000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PROG Holdings, Inc.</name>
        <lei>549300DHYTLBOVRXIG52</lei>
        <title>PROG Holdings, Inc.</title>
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        <balance>3350000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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      <invstOrSec>
        <name>QVC, Inc.</name>
        <lei>549300WBLU5NKPX5X472</lei>
        <title>QVC, Inc.</title>
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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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        <name>QVC, Inc.</name>
        <lei>549300WBLU5NKPX5X472</lei>
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      <invstOrSec>
        <name>Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc</name>
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        <name>Rocket Mortgage LLC</name>
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        <name>RHP Hotel Properties LP</name>
        <lei>N/A</lei>
        <title>RHP Hotel Properties LP</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RHP Hotel Properties LP</name>
        <lei>N/A</lei>
        <title>RHP Hotel Properties LP</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>RHP Hotel Properties LP</name>
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        <balance>1350000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rackspace Finance LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Radiate Holdco 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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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Radiology Partners, Inc.</name>
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          <isin value="US75041VAB09"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.27500078</annualizedRt>
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      <invstOrSec>
        <name>Radiology Partners, Inc.</name>
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          <isin value="US75041VAC81"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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          <annualizedRt>0.00001093</annualizedRt>
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      <invstOrSec>
        <name>Rain Carbon, Inc.</name>
        <lei>25490038N6JQH7QXUK52</lei>
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          <isin value="US75079LAB71"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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      <invstOrSec>
        <name>Railworks Holdings LP</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>836996.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>Rand Parent LLC</name>
        <lei>N/A</lei>
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          <isin value="US753272AA11"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Real Hero Merger Sub 2, Inc.</name>
        <lei>N/A</lei>
        <title>Real Hero Merger Sub 2, Inc.</title>
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          <isin value="US75602BAA70"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Upbound Group, Inc.</name>
        <lei>529900QUHE15UQNCCJ63</lei>
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          <isin value="US76009NAL47"/>
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        <curCd>USD</curCd>
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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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>Resideo Funding, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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        <name>Resorts World Las Vegas LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Resorts World Las Vegas LLC</name>
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        <name>Resorts World Las Vegas LLC</name>
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        <name>Ritchie Bros Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Ritchie Bros Holdings, Inc.</title>
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        <name>Ritchie Bros Holdings, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ROBLOX Corp.</name>
        <lei>N/A</lei>
        <title>ROBLOX Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
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        <name>TGNR Intermediate Holdings LLC</name>
        <lei>5493007AZNVKZ5HEMT23</lei>
        <title>TGNR Intermediate Holdings LLC</title>
        <cusip>77289KAA3</cusip>
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          <isin value="US77289KAA34"/>
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        <balance>2065000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Rocket Mortgage LLC</name>
        <lei>N/A</lei>
        <title>Rocket Mortgage LLC</title>
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        <name>Rocket Software, Inc.</name>
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        <name>Rogers Communications, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Roller Bearing Co. of America, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>SCIL IV LLC</name>
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        <name>SBA Communications Corp.</name>
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        <name>SCIH Salt Holdings, Inc.</name>
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        <name>SLM Corp.</name>
        <lei>N/A</lei>
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        <name>SM Energy Co.</name>
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        <name>SS&amp;C Technologies, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SWF Holdings I Corp.</name>
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        <name>IHO Verwaltungs GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Science Applications International Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Scientific Games Holdings LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Light &amp; Wonder International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Scripps Escrow, Inc.</name>
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        <name>Scripps Escrow II, Inc.</name>
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        <name>Seadrill Finance Ltd.</name>
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        <name>Seagate HDD Cayman</name>
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        <name>Seagate HDD Cayman</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SeaWorld Parks &amp; Entertainment, Inc.</name>
        <lei>549300UZV72O3371JJ53</lei>
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      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
        <cusip>81761LAB8</cusip>
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          <isin value="US81761LAB80"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>238222.93000000</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>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
        <cusip>81761LAD4</cusip>
        <identifiers>
          <isin value="US81761LAD47"/>
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        <balance>4150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4131425.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="32189.13000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
        <cusip>81761LAE2</cusip>
        <identifiers>
          <isin value="US81761LAE20"/>
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        <balance>2950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2810637.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shea Homes LP</name>
        <lei>N/A</lei>
        <title>Shea Homes LP</title>
        <cusip>82088KAJ7</cusip>
        <identifiers>
          <isin value="US82088KAJ79"/>
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        <balance>494000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>468331.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shea Homes LP</name>
        <lei>N/A</lei>
        <title>Shea Homes LP</title>
        <cusip>82088KAK4</cusip>
        <identifiers>
          <isin value="US82088KAK43"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1149584.04000000</valUSD>
        <pctVal>0.080307836829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="24461.27000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Signal Parent, Inc.</name>
        <lei>N/A</lei>
        <title>Signal Parent, Inc.</title>
        <cusip>82666QAA3</cusip>
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          <isin value="US82666QAA31"/>
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        <balance>780000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>529036.01000000</valUSD>
        <pctVal>0.036957487307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</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>
      <invstOrSec>
        <name>Simmons Foods, Inc.</name>
        <lei>N/A</lei>
        <title>Simmons Foods, Inc.</title>
        <cusip>82873MAA1</cusip>
        <identifiers>
          <isin value="US82873MAA18"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1349826.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</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>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>Sinclair Television Group, Inc.</title>
        <cusip>829259AW0</cusip>
        <identifiers>
          <isin value="US829259AW02"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>507452.77000000</valUSD>
        <pctVal>0.035449721667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>Sinclair Television Group, Inc.</title>
        <cusip>829259AY6</cusip>
        <identifiers>
          <isin value="US829259AY67"/>
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        <balance>1450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>882687.50000000</valUSD>
        <pctVal>0.061662933073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>Sinclair Television Group, Inc.</title>
        <cusip>829259BA7</cusip>
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          <isin value="US829259BA72"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>660307.00000000</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>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
        <cusip>82967NBA5</cusip>
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          <isin value="US82967NBA54"/>
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        <balance>2935000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2840002.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
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          <isin value="US82967NBC11"/>
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        <balance>2472000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2362949.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
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          <isin value="US82967NBG25"/>
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        <balance>8395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7296722.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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      <invstOrSec>
        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
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          <isin value="US82967NBJ63"/>
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        <valUSD>2069533.96000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
        <cusip>82967NBL1</cusip>
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          <isin value="US82967NBL10"/>
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        <valUSD>1406090.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
        <cusip>82967NBM9</cusip>
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          <isin value="US82967NBM92"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sitio Royalties Operating Partnership LP</name>
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        <title>Sitio Royalties Operating Partnership LP</title>
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          <isin value="US82983MAB63"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2301941.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
        <lei>549300JYTDUAA4JQ3717</lei>
        <title>Six Flags Entertainment Corp.</title>
        <cusip>83001AAC6</cusip>
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          <isin value="US83001AAC62"/>
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        <balance>555000.00000000</balance>
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        <valUSD>551885.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
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      <invstOrSec>
        <name>Sizzling Platter LLC</name>
        <lei>N/A</lei>
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        <name>Smyrna Ready Mix Concrete LLC</name>
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        <name>Sonic Automotive, Inc.</name>
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      <invstOrSec>
        <name>Specialty Building Products Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>OneMain Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
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        <name>Smyrna Ready Mix Concrete LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Standard Industries, Inc.</name>
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        <name>Standard Industries, Inc.</name>
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        <name>Standard Industries, Inc.</name>
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        <name>Staples, Inc.</name>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>Station Casinos LLC</name>
        <lei>5493004E7Q60TX54WL62</lei>
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        <name>Stena International SA</name>
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      <invstOrSec>
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        <name>Stericycle, Inc.</name>
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        <name>StoneMor, Inc.</name>
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        <name>Strathcona Resources Ltd.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Suburban Propane Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>Summer BC Bidco B LLC</name>
        <lei>213800CCW2O2WZ7YV169</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-31</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>SunCoke Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.87500000</annualizedRt>
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        <name>Sunoco LP</name>
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        <name>Sunoco LP</name>
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        <name>Synchrony Financial</name>
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        <name>TKC Holdings, Inc.</name>
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        <name>TKC Holdings, Inc.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>TMS International Corp.</name>
        <lei>549300L4K0F1YF8WKF23</lei>
        <title>TMS International Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tri Pointe Homes, Inc.</name>
        <lei>N/A</lei>
        <title>Tri Pointe Homes, Inc.</title>
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        <balance>755000.00000000</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>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Talen Energy Supply LLC</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
        <title>Talen Energy Supply LLC</title>
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          <isin value="US87422VAK44"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>8.62500000</annualizedRt>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
        <title>Tallgrass Energy Partners LP</title>
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          <isin value="US87470LAD38"/>
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        <balance>1425000.00000000</balance>
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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>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
        <title>Tallgrass Energy Partners LP</title>
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          <isin value="US87470LAG68"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
        <title>Tallgrass Energy Partners LP</title>
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          <isin value="US87470LAJ08"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-31</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
        <title>Tallgrass Energy Partners LP</title>
        <cusip>87470LAK7</cusip>
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          <isin value="US87470LAK70"/>
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        <balance>1315000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
        <title>Tallgrass Energy Partners LP</title>
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          <isin value="US87470LAL53"/>
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        <balance>1335000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>Talos Production, Inc.</name>
        <lei>549300GZ2DZZE2Y8TX15</lei>
        <title>Talos Production, Inc.</title>
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          <isin value="US87485LAD64"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>2107333.48000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>Taylor Morrison Communities, Inc.</name>
        <lei>549300O1Z08HI2MRK572</lei>
        <title>Taylor Morrison Communities, Inc.</title>
        <cusip>87724RAB8</cusip>
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        <balance>1440000.00000000</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>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Taylor Morrison Communities, Inc.</name>
        <lei>549300O1Z08HI2MRK572</lei>
        <title>Taylor Morrison Communities, Inc.</title>
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        <balance>160000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>TEGNA, Inc.</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA, Inc.</title>
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          <isin value="US87901JAF21"/>
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        <balance>660000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>TEGNA, Inc.</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEGNA, Inc.</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA, Inc.</title>
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          <maturityDt>2028-03-15</maturityDt>
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      <invstOrSec>
        <name>Teine Energy Ltd.</name>
        <lei>5493002EE80G6ER7SM91</lei>
        <title>Teine Energy Ltd.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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      <invstOrSec>
        <name>Teleflex, Inc.</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>Teleflex, Inc.</title>
        <cusip>879369AF3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
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      <invstOrSec>
        <name>Teleflex, Inc.</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>Teleflex, Inc.</title>
        <cusip>879369AG1</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Telesat Canada</name>
        <lei>N/A</lei>
        <title>Telesat Canada</title>
        <cusip>87952VAP1</cusip>
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        <balance>1345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>613613.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Tenet Healthcare Corp.</name>
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        <name>Terex Corp.</name>
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        <name>Toledo Hospital (The)</name>
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        <name>Townsquare Media, Inc.</name>
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        <name>Trinity Industries, Inc.</name>
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        <name>Triton Water Holdings, Inc.</name>
        <lei>5493005IYCEL7QJFZZ63</lei>
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        <name>Trivium Packaging Finance BV</name>
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        <name>Tutor Perini Corp.</name>
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        <name>Sunrise HoldCo IV BV</name>
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        <name>ASP Unifrax Holdings, Inc.</name>
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        <title>ASP Unifrax Holdings, Inc.</title>
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      <invstOrSec>
        <name>Unisys Corp.</name>
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      <invstOrSec>
        <name>United Airlines, Inc.</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
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      <invstOrSec>
        <name>United Airlines, Inc.</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>United Airlines, Inc.</title>
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          <isin value="US90932LAH06"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Natural Foods, Inc.</name>
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        <title>United Natural Foods, Inc.</title>
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          <isin value="US911163AA17"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>United Rentals North America, Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America, Inc.</title>
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          <isin value="US911365BG81"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>United Wholesale Mortgage LLC</name>
        <lei>549300HW662MN1WU8550</lei>
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          <isin value="US91153LAA52"/>
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        <balance>620000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>United Wholesale Mortgage LLC</name>
        <lei>549300HW662MN1WU8550</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>United Wholesale Mortgage LLC</name>
        <lei>549300HW662MN1WU8550</lei>
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        <balance>715000.00000000</balance>
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        <valUSD>704289.44000000</valUSD>
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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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      <invstOrSec>
        <name>Uniti Group LP</name>
        <lei>N/A</lei>
        <title>Uniti Group LP</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Uniti Group LP</name>
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        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
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        <name>Univision Communications, Inc.</name>
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        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
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      <invstOrSec>
        <name>Urban One, Inc.</name>
        <lei>549300PLGIGPBRQUP240</lei>
        <title>Urban One, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>USA Compression Partners LP</name>
        <lei>N/A</lei>
        <title>USA Compression Partners LP</title>
        <cusip>91740PAF5</cusip>
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        <balance>1778000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>VM Consolidated, Inc.</name>
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        <name>Valaris Ltd.</name>
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        <name>Bausch Health Cos., Inc.</name>
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        <name>Bausch Health Americas, Inc.</name>
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        <name>Valvoline, Inc.</name>
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        <name>Varex Imaging Corp.</name>
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        <name>Vector Group Ltd.</name>
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        <name>Venture Global Calcasieu Pass LLC</name>
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        <name>Venture Global LNG, Inc.</name>
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        <name>TK Elevator US Newco, Inc.</name>
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        <name>Paramount Global</name>
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        <name>Victoria's Secret &amp; Co.</name>
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        <name>Chesapeake Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virgin Media Vendor Financing Notes IV DAC</name>
        <lei>635400ZZNJSEA4CAJR23</lei>
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        <invCountry>IE</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virtusa Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vistra Operations Co. LLC</name>
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        <name>Vistra Operations Co. 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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          <maturityDt>2031-10-15</maturityDt>
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      <invstOrSec>
        <name>Vodafone Group plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2081-06-04</maturityDt>
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      <invstOrSec>
        <name>Vmed O2 UK Financing I plc</name>
        <lei>213800MRR46ECNGZ7L69</lei>
        <title>Vmed O2 UK Financing I plc</title>
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          <isin value="US92858RAA86"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Vmed O2 UK Financing I plc</name>
        <lei>213800MRR46ECNGZ7L69</lei>
        <title>Vmed O2 UK Financing I plc</title>
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          <isin value="US92858RAB69"/>
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        <balance>870000.00000000</balance>
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        <valUSD>746925.54000000</valUSD>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WR Grace Holdings LLC</name>
        <lei>549300WNOVFRGYOAEB12</lei>
        <title>WR Grace Holdings LLC</title>
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        <balance>800000.00000000</balance>
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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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        <name>Wabash National Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Warrior Met Coal, Inc.</name>
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        <name>WASH Multifamily Acquisition, Inc.</name>
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        <name>Weatherford International Ltd.</name>
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        <name>Weekley Homes LLC</name>
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        <name>Werner FinCo. LP</name>
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        <name>Werner FinCo. LP</name>
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        <name>West Technology Group LLC</name>
        <lei>5493005Z5DB0O5S30R71</lei>
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        <name>Western Digital Corp.</name>
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        <name>Wolverine World Wide, Inc.</name>
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        <name>World Acceptance Corp.</name>
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        <name>Travel + Leisure Co.</name>
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        <name>Wyndham Hotels &amp; Resorts, Inc.</name>
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        <name>Wynn Las Vegas LLC</name>
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        <name>Wynn Resorts Finance LLC</name>
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        <name>Xerox Corp.</name>
        <lei>4KF48RN45X1OO8UBLY20</lei>
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        <name>Yum! Brands, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ZF North America Capital, Inc.</name>
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        <name>ZipRecruiter, Inc.</name>
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          <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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>FlexShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Randal Rein</ncom:signature>
      <ncom:signerName>Randal Rein</ncom:signerName>
      <ncom:title>Treasurer and PFO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
