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        <name>Olin Corporation</name>
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        <name>Asbury Automotive Group, Inc.</name>
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        <name>ON Semiconductor Corp.</name>
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        <name>JANE STREET GROUP LLC</name>
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        <name>Open Text Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ball Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Wholesale Mortgage LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Olin Corporation</name>
        <lei>549300GKK294V7W57P06</lei>
        <title>OLN 5 02/01/30</title>
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        <name>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <name>TransDigm, Inc.</name>
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        <name>Seagate Data Storage Technology Pte. Ltd.</name>
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        <name>Station Casinos LLC</name>
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        <title>RRR 4.5 02/15/28 144A</title>
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        <name>Molina Healthcare, Inc.</name>
        <lei>549300NQQCEQ46YHZ591</lei>
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        <name>Live Nation Entertainment, Inc.</name>
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        <title>LYV 4.75 10/15/27 144A</title>
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        <name>Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp.</name>
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        <title>RIVENT 6.25 10/15/30 144A</title>
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        <name>Allison Transmission Inc.</name>
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        <name>ALLIED UNIVERSAL HOLDCO LLC</name>
        <lei>98450038B4549046D794</lei>
        <title>UNSEAM 4.625 06/01/28 144A</title>
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        <name>James Hardie International Finance Designated Activity Company</name>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Vistra Operations Co LLC</name>
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        <title>VST 5 07/31/27 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Lamb Weston Holdings Inc</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>LW 4.875 05/15/28 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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        <name>Entegris Inc</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>ENTG 4.375 04/15/28 144A</title>
        <cusip>29362UAC8</cusip>
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        <balance>50000.00000000</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>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Silgan Holdings Inc.</name>
        <lei>KAF673KJXD92C8KSLU49</lei>
        <title>SLGN 4.125 02/01/28</title>
        <cusip>827048AW9</cusip>
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          <isin value="US827048AW93"/>
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        <balance>71000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70616.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Twilio Inc</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>TWLO 3.875 03/15/31</title>
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        <balance>62000.00000000</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>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <name>Asbury Automotive Group, Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>ABG 4.75 03/01/30</title>
        <cusip>043436AV6</cusip>
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          <isin value="US043436AV64"/>
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        <balance>58000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57118.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 5.25 07/15/30 144A</title>
        <cusip>46284VAJ0</cusip>
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        <balance>162000.00000000</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>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 5.125 05/01/27 144A</title>
        <cusip>1248EPBT9</cusip>
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          <isin value="US1248EPBT92"/>
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        <balance>139000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <name>Chord Energy Corp.</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
        <title>CHRD 6 10/01/30 144A</title>
        <cusip>674215AQ1</cusip>
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        <balance>93000.00000000</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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        <name>Hilton Domestic Operating Co Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HLT 5.5 03/31/34 144A</title>
        <cusip>432833AT8</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-31</maturityDt>
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        <name>ARDAGH METAL PACKAGING FINANCE USA LLC</name>
        <lei>635400YUJMWFYRBL5293</lei>
        <title>AMPBEV 3.25 09/01/28 144A</title>
        <cusip>03969YAA6</cusip>
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          <isin value="US03969YAA64"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Williams Scotsman Inc.</name>
        <lei>549300DAKDS8SCO1OT57</lei>
        <title>WLSC 7.375 10/01/31 144A</title>
        <cusip>96949VAL7</cusip>
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        <name>NOVA Chemicals Corp.</name>
        <lei>549300ZOD6N7RI2FJP09</lei>
        <title>NCX 4.25 05/15/29 144A</title>
        <cusip>66977WAS8</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <name>CLARIOS GLOBAL LP</name>
        <lei>549300474L1ZLXZY2P98</lei>
        <title>POWSOL 6.75 05/15/28 144A</title>
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        <issuerCat>CORP</issuerCat>
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        <name>Life Time Fitness</name>
        <lei>549300PALKE96VYH4X17</lei>
        <title>LTH 6 11/15/31 144A</title>
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        <invCountry>US</invCountry>
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        <name>Alcoa Nederland Holding B.V.</name>
        <lei>5493000UL1QLQLT1VQ42</lei>
        <title>AA 4.125 03/31/29 144A</title>
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        <balance>62000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Vail Resorts, Inc.</name>
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        <name>CACI International Inc.</name>
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        <name>Asbury Automotive Group, Inc.</name>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>Wrangler Holdco Corp.</name>
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        <name>SUNOCO LP</name>
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        <name>Freedom Mortgage Holdings LLC</name>
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        <name>Azorra Finance Ltd.</name>
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        <name>Williams Scotsman Inc.</name>
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        <name>OneMain Financial Corporation</name>
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        <name>ALLIANT HOLDINGS INTERMEDIATE LLC</name>
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        <name>TK Elevator Us Newco Inc.</name>
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        <name>Bombardier Inc.</name>
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        <name>CNX Resources Corporation</name>
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        <name>RHP HOTEL PROPERTIES LP</name>
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        <name>1011778 B.C. ULC</name>
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        <name>Howard Midstream Energy Partners Llc</name>
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        <title>HOWARD 7.375 07/15/32 144A</title>
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        <name>Molina Healthcare, Inc.</name>
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        <name>MGM Resorts International</name>
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          <maturityDt>2027-04-15</maturityDt>
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        <name>Arcosa Inc</name>
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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>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>OUTFRONT MEDIA CAPITAL LLC (CBS OUTDOOR AMERICAS CAPITAL LLC)</name>
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          <isin value="US69007TAG94"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>ALBERTSONS COMPANIES INC</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>ACI 5.5 03/31/31 144A</title>
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          <isin value="US01309QAC24"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-31</maturityDt>
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        <name>Edgewell Personal Care Co</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
        <title>EPC 5.5 06/01/28 144A</title>
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          <isin value="US28035QAA04"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>ARCHROCK PARTNERS LP</name>
        <lei>549300YFKOM2XNCKQU76</lei>
        <title>AROC 6.25 04/01/28 144A</title>
        <cusip>03959KAC4</cusip>
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          <isin value="US03959KAC45"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>SM Energy Co.</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM 6.75 08/01/29 144A</title>
        <cusip>78454LAX8</cusip>
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          <isin value="US78454LAX82"/>
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        <balance>93000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95150.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <name>RLJ Lodging Trust LP</name>
        <lei>549300RX5I8Z6I6LDZ74</lei>
        <title>RLJ 4 09/15/29 144A</title>
        <cusip>74965LAB7</cusip>
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          <isin value="US74965LAB71"/>
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        <balance>62000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59360.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>McGraw-Hill Education Inc.</name>
        <lei>254900U6YJ9QZ4IQOR26</lei>
        <title>MHED 5.75 08/01/28 144A</title>
        <cusip>57767XAA8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Vistra Operations Co LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>VST 4.375 05/01/29 144A</title>
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        <name>ROCKET MORTGAGE LLC</name>
        <lei>549300FGXN1K3HLB1R50</lei>
        <title>RKT 4 10/15/33 144A</title>
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        <name>Gen Digital Inc</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
        <title>GEN 6.25 04/01/33 144A</title>
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        <name>ILIAD HOLDING SAS</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>ILIADH 8.5 04/15/31 144A</title>
        <cusip>449691AF1</cusip>
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        <invCountry>FR</invCountry>
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        <name>Qnity Electronics Inc.</name>
        <lei>254900RSUG4J9TFFZX53</lei>
        <title>QNTELE 5.75 08/15/32 144A</title>
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        <name>MITER Brands Acquisition Holdco Inc &amp; PGT Innovations LLC.</name>
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        <title>MIWIDO 6.75 04/01/32 144A</title>
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        <name>CNX Resources Corporation</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX 7.25 03/01/32 144A</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Williams Scotsman Inc.</name>
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        <name>Iron Mountain Inc.</name>
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        <name>Churchill Downs Inc</name>
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        <name>Rockies Express Pipeline LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
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        <name>Pilgrims Pride Corporation</name>
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        <name>Axon Enterprise Inc</name>
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        <title>AXON 6.125 03/15/30 144A</title>
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        <name>V.F. Corp</name>
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        <title>VFC 2.8 04/23/27</title>
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          <maturityDt>2027-04-23</maturityDt>
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        <name>ALBERTSONS COMPANIES INC</name>
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        <title>ACI 6.25 03/15/33 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Whirlpool Corp.</name>
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        <title>WHR 6.125 06/15/30</title>
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        <name>Block Inc</name>
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        <title>XYZ 6 08/15/33 144A</title>
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        <name>Allwyn Entertainment Financing (UK) PLC</name>
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        <name>HudBay Minerals Inc</name>
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        <name>Terex Corporation</name>
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        <name>Bath &amp; Body Works Inc</name>
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        <name>United Airlines Holdings Inc</name>
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        <name>SM Energy Co.</name>
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        <name>Lamb Weston Holdings Inc</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>LW 4.375 01/31/32 144A</title>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>Twilio Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Graphic Packaging International LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kodiak Gas Services LLC</name>
        <lei>549300ZQBRWEUOVOM131</lei>
        <title>KGS 7.25 02/15/29 144A</title>
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        <balance>100000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 5.25 10/15/28 144A</title>
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          <isin value="US85571BBF13"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
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        <name>Discovery Communications, LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
        <title>WBD 3.95 03/20/28 *</title>
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        <balance>156000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-20</maturityDt>
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        <name>Alcoa Nederland Holding B.V.</name>
        <lei>5493000UL1QLQLT1VQ42</lei>
        <title>AA 7.125 03/15/31 144A</title>
        <cusip>013822AH4</cusip>
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          <isin value="US013822AH42"/>
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        <balance>93000.00000000</balance>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>Qnity Electronics Inc.</name>
        <lei>254900RSUG4J9TFFZX53</lei>
        <title>QNTELE 6.25 08/15/33 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Match Group Holdings II LLC</name>
        <lei>5493003RFFE030RC9167</lei>
        <title>MTCHII 4.625 06/01/28 144A</title>
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        <balance>68000.00000000</balance>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 4.875 09/15/29 144A</title>
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        <balance>125000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-15</maturityDt>
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        <name>Adient Global Holdings Ltd</name>
        <lei>213800VA38VCKE6M8790</lei>
        <title>ADNT 7 04/15/28 144A</title>
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        <invCountry>JE</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Jones Deslauriers Insurance Management Inc.</name>
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        <title>NAVCOR 8.5 03/15/30 144A</title>
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        <invCountry>CA</invCountry>
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        <name>OneMain Financial Corporation</name>
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        <name>ALBERTSONS COMPANIES INC</name>
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        <title>ACI 6.5 02/15/28 144A</title>
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        <name>Rb Global Holdings Inc.</name>
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        <name>MGM Resorts International</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM 4.75 10/15/28</title>
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        <name>Coinbase Global Inc</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>COIN 3.375 10/01/28 144A</title>
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        <name>Vornado Realty Lp</name>
        <lei>549300BMOJ05INE4YK86</lei>
        <title>VNO 5.75 02/01/33</title>
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        <name>American Builders &amp; Contractors Supply Co., Inc.</name>
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        <name>DWS GOVERNMENT AND AGENCY SECURITIES PORTFOLIO DWS GOVERNMENT CASH INSTITUTIONAL SHARES</name>
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        <name>Rocket Companies Inc</name>
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        <name>United States Steel Corporation</name>
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        <name>Millicom International Cellular SA</name>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>Arcosa Inc</name>
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        <name>Davita Inc</name>
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        <name>Jefferson Capital Holdings LLC</name>
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        <name>Iron Mountain Inc.</name>
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        <name>Venture Global Plaquemines Lng LLC</name>
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        <name>Permian Resources Operating, LLC</name>
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      <invstOrSec>
        <name>Encompass Health Corporation</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>EHC 4.5 02/01/28</title>
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          <isin value="US29261AAA88"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99614.99000000</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>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Light &amp; Wonder International Inc.</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>LNW 7.25 11/15/29 144A</title>
        <cusip>80874YBE9</cusip>
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          <isin value="US80874YBE95"/>
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        <balance>62000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63621.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>XPLR Infrastructure Operating Partners LP</name>
        <lei>549300KJEC5IUVJWR786</lei>
        <title>XIFR 4.5 09/15/27 144A</title>
        <cusip>65342QAB8</cusip>
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          <isin value="US65342QAB86"/>
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        <balance>71000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70737.43000000</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>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>BROOKFIELD PROPERTIES RETAIL HOLDING LLC</name>
        <lei>549300K1JD1LDRNBET48</lei>
        <title>BPYU 4.5 04/01/27 144A</title>
        <cusip>11284DAC9</cusip>
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          <isin value="US11284DAC92"/>
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        <balance>64000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63198.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Avient Corporation</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
        <title>AVNT 6.25 11/01/31 144A</title>
        <cusip>05368VAB2</cusip>
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          <isin value="US05368VAB27"/>
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        <balance>84000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>86795.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>PRIMO WATER HOLDINGS INC</name>
        <lei>9845008F9A5F2E1D4832</lei>
        <title>PRMWCN 6.25 04/01/29 144A</title>
        <cusip>74168RAC7</cusip>
        <identifiers>
          <isin value="US74168RAC79"/>
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        <balance>89000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89208.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KEHE DISTRIBUTORS LLC</name>
        <lei>549300WQCH7SRQ8JKE47</lei>
        <title>KEHEFO 9 02/15/29 144A</title>
        <cusip>487526AC9</cusip>
        <identifiers>
          <isin value="US487526AC91"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>136570.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HRI 5.75 03/15/31 144A</title>
        <cusip>42704LAH7</cusip>
        <identifiers>
          <isin value="US42704LAH78"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76069.58000000</valUSD>
        <pctVal>0.115009147672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>FIRSTCASH HOLDINGS INC</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FCFS 5.625 01/01/30 144A</title>
        <cusip>31944TAA8</cusip>
        <identifiers>
          <isin value="US31944TAA88"/>
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        <balance>69000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68703.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Medline Borrower LP</name>
        <lei>254900QT3R363TVK6F09</lei>
        <title>MEDIND 5.25 10/01/29 144A</title>
        <cusip>62482BAB8</cusip>
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          <isin value="US62482BAB80"/>
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        <balance>312000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>312178.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Commercial Metals Company</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>CMC 5.75 11/15/33 144A</title>
        <cusip>201723AS2</cusip>
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          <isin value="US201723AS24"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127611.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Fortress Transportation &amp; Infrastructure Investors LLC</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FTAI 7 06/15/32 144A</title>
        <cusip>34960PAG6</cusip>
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          <isin value="US34960PAG63"/>
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        <balance>100000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Davita Inc</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DVA 3.75 02/15/31 144A</title>
        <cusip>23918KAT5</cusip>
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        <balance>194000.00000000</balance>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Block Inc</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>XYZ 6.5 05/15/32</title>
        <cusip>852234AS2</cusip>
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          <isin value="US852234AS26"/>
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        <balance>259000.00000000</balance>
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        <name>Rocket Companies Inc</name>
        <lei>N/A</lei>
        <title>RKT 6.5 08/01/29 144A</title>
        <cusip>77311WAC5</cusip>
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        <name>1011778 B.C. ULC</name>
        <lei>549300RHSHNRWI5LLA86</lei>
        <title>BCULC 4 10/15/30 144A</title>
        <cusip>68245XAM1</cusip>
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          <isin value="US68245XAM11"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Viking Cruises, Ltd.</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>VIKCRU 5.875 10/15/33 144A</title>
        <cusip>92676XAH0</cusip>
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          <isin value="US92676XAH08"/>
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        <balance>213000.00000000</balance>
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        <valUSD>217418.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-15</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>ARDAGH METAL PACKAGING FINANCE USA LLC</name>
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        <name>United Wholesale Mortgage LLC</name>
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        <name>Arsenal AIC Parent LLC</name>
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        <name>NRG Energy, Inc.</name>
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        <name>Solstice Advanced Materials Inc.</name>
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        <name>Seagate Data Storage Technology Pte. Ltd.</name>
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        <name>Nexstar Media Inc.</name>
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        <name>Credit Acceptance Corporation of Michigan</name>
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        <name>Permian Resources Operating, LLC</name>
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        <name>Block Inc</name>
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        <name>RHP HOTEL PROPERTIES LP</name>
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        <name>Performance Food Group Inc</name>
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        <name>NOVA Chemicals Corp.</name>
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        <name>PG&amp;E Corporation</name>
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        <name>Avient Corporation</name>
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        <name>PRIMO WATER HOLDINGS INC</name>
        <lei>9845008F9A5F2E1D4832</lei>
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        <name>SLM Corp.</name>
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        <name>Equipmentshare Com Inc.</name>
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        <name>LCM Investments Holdings II LLC</name>
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        <name>Organon &amp; Co</name>
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        <name>Mattamy Group Corp</name>
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        <name>Enova International Inc.</name>
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        <name>Cinemark USA Inc.</name>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>Block Inc</name>
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        <name>NRG Energy, Inc.</name>
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        <name>Carnival Corporation</name>
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        <name>UNITED RENTALS (NORTH AMERICA) INC</name>
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        <name>Taylor Morrison Communities Inc</name>
        <lei>549300O1Z08HI2MRK572</lei>
        <title>TMHC 5.125 08/01/30 144A</title>
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          <maturityDt>2030-08-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SPX Flow Inc.</name>
        <lei>5493003YXEKRBINIEM78</lei>
        <title>FLOW 8.75 04/01/30 144A</title>
        <cusip>758071AA2</cusip>
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          <isin value="US758071AA21"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>66610.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>NOVA Chemicals Corp.</name>
        <lei>549300ZOD6N7RI2FJP09</lei>
        <title>NCX 7 12/01/31 144A</title>
        <cusip>66977WAV1</cusip>
        <identifiers>
          <isin value="US66977WAV19"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53465.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>RHP HOTEL PROPERTIES LP</name>
        <lei>549300SJMSMA2471GA96</lei>
        <title>RHP 4.5 02/15/29 144A</title>
        <cusip>749571AG0</cusip>
        <identifiers>
          <isin value="US749571AG03"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74014.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Airlines Pass Through Trust 2016-3A</name>
        <lei>N/A</lei>
        <title>AAL 7.25 02/15/28 144A</title>
        <cusip>023771T32</cusip>
        <identifiers>
          <isin value="US023771T329"/>
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        <balance>97000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98915.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Millicom International Cellular SA</name>
        <lei>549300CTHC1CP86P2G96</lei>
        <title>TIGO 6.25 03/25/29 144A</title>
        <cusip>600814AQ0</cusip>
        <identifiers>
          <isin value="US600814AQ03"/>
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        <balance>80100.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80733.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aramark Services, Inc.</name>
        <lei>42YMHYH0XMHJEXDUB065</lei>
        <title>ARMK 5 02/01/28 144A</title>
        <cusip>038522AQ1</cusip>
        <identifiers>
          <isin value="US038522AQ17"/>
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        <balance>142000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142126.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 4.875 09/15/27 144A</title>
        <cusip>46284VAC5</cusip>
        <identifiers>
          <isin value="US46284VAC54"/>
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        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>125027.99000000</valUSD>
        <pctVal>0.189029077918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Teleflex Incorporated</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>TFX 4.25 06/01/28 144A</title>
        <cusip>879369AG1</cusip>
        <identifiers>
          <isin value="US879369AG12"/>
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        <balance>63000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>62091.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rocket Companies Inc</name>
        <lei>N/A</lei>
        <title>RKT 6.375 08/01/33 144A</title>
        <cusip>77311WAB7</cusip>
        <identifiers>
          <isin value="US77311WAB72"/>
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        <balance>249000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>257657.70000000</valUSD>
        <pctVal>0.389551151303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chord Energy Corp.</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
        <title>CHRD 6.75 03/15/33 144A</title>
        <cusip>674215AN8</cusip>
        <identifiers>
          <isin value="US674215AN89"/>
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        <balance>96000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99772.80000000</valUSD>
        <pctVal>0.150845905667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>TGNR INTERMEDIATE HOLDINGS LLC</name>
        <lei>5493007AZNVKZ5HEMT23</lei>
        <title>RCKENE 5.5 10/15/29 144A</title>
        <cusip>77289KAA3</cusip>
        <identifiers>
          <isin value="US77289KAA34"/>
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        <balance>87000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>86128.63000000</valUSD>
        <pctVal>0.130217365817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ggam Finance Ltd.</name>
        <lei>254900X2QXEN0FVXRF65</lei>
        <title>GGAMFI 5.875 03/15/30 144A</title>
        <cusip>36170JAE6</cusip>
        <identifiers>
          <isin value="US36170JAE64"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50916.00000000</valUSD>
        <pctVal>0.076979598978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 7 09/15/28 144A</title>
        <cusip>86765KAA7</cusip>
        <identifiers>
          <isin value="US86765KAA79"/>
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        <balance>62000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63735.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HRI 7 06/15/30 144A</title>
        <cusip>42704LAF1</cusip>
        <identifiers>
          <isin value="US42704LAF13"/>
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        <balance>216000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226485.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fortress Transportation &amp; Infrastructure Investors LLC</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FTAI 5.875 04/15/33 144A</title>
        <cusip>34960PAH4</cusip>
        <identifiers>
          <isin value="US34960PAH47"/>
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        <balance>72000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73080.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>MGM Resorts International</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM 6.125 09/15/29</title>
        <cusip>552953CK5</cusip>
        <identifiers>
          <isin value="US552953CK50"/>
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        <balance>106000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109001.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUNOCO LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 4.5 04/30/30</title>
        <cusip>86765LAZ0</cusip>
        <identifiers>
          <isin value="US86765LAZ04"/>
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        <balance>104000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101849.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>SBA Communications Corp.</name>
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        <name>Ryan Specialty LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sonic Automotive, Inc.</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>SAH 4.625 11/15/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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        <name>Bath &amp; Body Works Inc</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>BBWI 5.25 02/01/28</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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        <name>Teleflex Incorporated</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>TFX 4.625 11/15/27</title>
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          <isin value="US879369AF39"/>
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        <balance>62000.00000000</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>2027-11-15</maturityDt>
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        <name>Entegris Inc</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>ENTG 3.625 05/01/29 144A</title>
        <cusip>29362UAD6</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-05-01</maturityDt>
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        <name>Leviathan Bond Limited</name>
        <lei>254900D9T8VKYVQNZ220</lei>
        <title>LVIATH 6.75 06/30/30</title>
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          <isin value="IL0011677908"/>
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        <curCd>USD</curCd>
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        <invCountry>IL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-30</maturityDt>
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      <invstOrSec>
        <name>Coinbase Global Inc</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>COIN 3.625 10/01/31 144A</title>
        <cusip>19260QAD9</cusip>
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          <isin value="US19260QAD97"/>
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        <balance>92000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80498.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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        <name>Brinks Company</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
        <title>BCO 6.5 06/15/29 144A</title>
        <cusip>109696AC8</cusip>
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          <isin value="US109696AC87"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>WarnerMedia Holdings Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WBD 4.054 03/15/29 *</title>
        <cusip>55903VBY8</cusip>
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        <name>1011778 B.C. ULC</name>
        <lei>549300RHSHNRWI5LLA86</lei>
        <title>BCULC 4.375 01/15/28 144A</title>
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        <name>Nexstar Media Inc.</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>NXST 4.75 11/01/28 144A</title>
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        <name>Carnival Corporation</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>CCL 5.125 05/01/29 144A</title>
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        <name>Standard Building Solutions Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>BMCAUS 6.5 08/15/32 144A</title>
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        <name>CLARIOS GLOBAL LP</name>
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        <title>POWSOL 6.75 02/15/30 144A</title>
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        <name>BROOKFIELD RESIDENTIAL PROPERTIES ULC</name>
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        <title>BRPCN 6.25 09/15/27 144A</title>
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        <name>United Rentals (North America), Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>URI 4.875 01/15/28</title>
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        <name>Ball Corporation</name>
        <lei>0BGI85ALH27ZJP15DY16</lei>
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        <name>Tenet Healthcare Corporation</name>
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        <name>Sensata Technologies Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Entegris Inc</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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        <name>Hilton Domestic Operating Co Inc.</name>
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        <title>HLT 4 05/01/31 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>ANTERO MIDSTREAM PARTNERS LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
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        <name>Kioxia Holdings Corp.</name>
        <lei>35380080RTKRARNH4R73</lei>
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          <isin value="US49726JAA60"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-24</maturityDt>
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        <name>Ashland Inc.</name>
        <lei>529900E4L9R04SB8HB11</lei>
        <title>ASH 3.375 09/01/31 144A</title>
        <cusip>04433LAA0</cusip>
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        <balance>58000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
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        <name>Match Group Holdings II LLC</name>
        <lei>5493003RFFE030RC9167</lei>
        <title>MTCHII 5 12/15/27 144A</title>
        <cusip>57665RAG1</cusip>
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          <isin value="US57665RAG11"/>
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        <balance>56000.00000000</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>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Darling Ingredients, Inc</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
        <title>DAR 6 06/15/30 144A</title>
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        <balance>125000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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        <name>Encompass Health Corporation</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>EHC 4.625 04/01/31</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ATI Inc</name>
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        <title>ATI 7.25 08/15/30</title>
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        <name>Topbuild Corporation</name>
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        <title>BLD 3.625 03/15/29 144A</title>
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        <name>Alumina Pty Ltd.</name>
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        <title>AA 6.375 09/15/32 144A</title>
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        <name>Ggam Finance Ltd.</name>
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        <name>Charles River Laboratories International, Inc.</name>
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        <name>Open Text Holdings Inc</name>
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        <name>Standard Building Solutions Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>BMCAUS 6.25 08/01/33 144A</title>
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        <name>Clean Harbors, Inc.</name>
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        <name>Builders Firstsource, Inc.</name>
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        <name>OneMain Financial Corporation</name>
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        <name>Ryan Specialty LLC</name>
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          <maturityDt>2030-02-01</maturityDt>
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        <name>Iron Mountain Inc.</name>
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        <name>US Foods Inc</name>
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          <maturityDt>2029-02-15</maturityDt>
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        <name>Wesco Distribution, Inc.</name>
        <lei>549300I2CEZJG9N4AH67</lei>
        <title>WCC 6.625 03/15/32 144A</title>
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          <maturityDt>2032-03-15</maturityDt>
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        <name>Brinks Company</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
        <title>BCO 4.625 10/15/27 144A</title>
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        <name>Wesco Distribution, Inc.</name>
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        <name>Nissan Motor Co Ltd.</name>
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        <name>Standard Building Solutions Inc.</name>
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        <name>PRIME SECURITY SERVICES BORROWER LLC</name>
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        <title>PRSESE 3.375 08/31/27 144A</title>
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        <name>Levi Strauss &amp; Co.</name>
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        <title>LEVI 3.5 03/01/31 144A</title>
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        <name>NCL Corporation Ltd.</name>
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        <name>Taylor Morrison Communities Inc</name>
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        <title>TMHC 5.75 11/15/32 144A</title>
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        <name>ACRISURE LLC</name>
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        <name>Yum! Brands Inc.</name>
        <lei>549300JE8XHZZ7OHN517</lei>
        <title>YUM 4.625 01/31/32</title>
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        <name>Fair Isaac Corporation</name>
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        <name>Topbuild Corporation</name>
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        <name>Alumina Pty Ltd.</name>
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        <name>Vistra Operations Co LLC</name>
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        <name>Pennymac Financial Services Inc</name>
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        <name>Bombardier Inc.</name>
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        <name>Travel Plus Leisure Co</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
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        <name>Fortress Transportation &amp; Infrastructure Investors LLC</name>
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        <title>FTAI 5.5 05/01/28 144A</title>
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        <name>AMERIGAS PARTNERS LP</name>
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        <title>APU 5.75 05/20/27</title>
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        <name>Crescent Energy Finance LLC</name>
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        <name>Ggam Finance Ltd.</name>
        <lei>254900X2QXEN0FVXRF65</lei>
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        <name>1011778 B.C. ULC</name>
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        <name>HUB International Ltd.</name>
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        <name>OneMain Financial Corporation</name>
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        <name>Iqvia Inc</name>
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        <name>The Gap Inc.</name>
        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
        <title>GAP 3.625 10/01/29 144A</title>
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        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 7 02/15/29 144A</title>
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        <name>Mattamy Group Corp</name>
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        <name>Entegris Inc</name>
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        <name>Fair Isaac Corporation</name>
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        <name>PERFORMANCE FOOD GROUP CO</name>
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        <name>Avantor Funding Inc</name>
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        <name>FMG Resources (August 2006) Pty Ltd.</name>
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        <name>Wesco Distribution, Inc.</name>
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        <name>Kioxia Holdings Corp.</name>
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        <name>Goodyear Tire &amp; Rubber Co. The</name>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC</name>
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        <name>Builders Firstsource, Inc.</name>
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        <name>AETHON UNITED BR LP</name>
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        <name>Hilton Domestic Operating Co Inc.</name>
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        <name>Open Text Holdings Inc</name>
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        <name>Murphy Oil USA Inc</name>
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        <name>Charles River Laboratories International, Inc.</name>
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        <name>Patrick Industries Inc.</name>
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        <name>Pennymac Financial Services Inc</name>
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          <maturityDt>2029-12-15</maturityDt>
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        <name>Caesars Entertainment Inc.</name>
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        <name>Encompass Health Corporation</name>
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        <title>EHC 4.75 02/01/30</title>
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        <name>Clean Harbors, Inc.</name>
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        <title>CLH 5.75 10/15/33 144A</title>
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        <name>ALBION FINANCING 1 SARL</name>
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        <title>AGKLN 7 05/21/30 144A</title>
        <cusip>01330AAA4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Jazz Securities Designated Activity Co.</name>
        <lei>6354009DV8VV7K6KOO02</lei>
        <title>JAZZ 4.375 01/15/29 144A</title>
        <cusip>47216FAA5</cusip>
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        <invCountry>IE</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
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        <name>Madison IAQ LLC</name>
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        <name>Nissan Motor Acceptance Co LLC</name>
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        <name>Fortress Transportation &amp; Infrastructure Investors LLC</name>
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        <title>FTAI 7.875 12/01/30 144A</title>
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        <name>ALBERTSONS COMPANIES INC</name>
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        <name>Yum! Brands Inc.</name>
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        <name>GFL Environmental Inc.</name>
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        <title>GFLCN 4 08/01/28 144A</title>
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        <name>Methanex Corporation</name>
        <lei>549300TSJHRXT9QXRD13</lei>
        <title>MXCN 5.25 12/15/29</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bombardier Inc.</name>
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        <name>Venture Global Calcasieu Pass LLC</name>
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        <name>OneMain Financial Corporation</name>
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        <name>Boyd Gaming Corporation</name>
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        <name>SCIH Salt Holdings Inc.</name>
        <lei>N/A</lei>
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        <name>Lamar Media Corp.</name>
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        <name>Williams Scotsman International Inc</name>
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        <name>Central Garden &amp; Pet Company</name>
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          <maturityDt>2031-04-30</maturityDt>
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        <name>Iron Mountain Inc.</name>
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        <title>IRM 4.5 02/15/31 144A</title>
        <cusip>46284VAN1</cusip>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Hologic Inc</name>
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        <name>Carnival Corporation</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>CCL 5.875 06/15/31 144A</title>
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        <name>Tenet Healthcare Corporation</name>
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        <title>THC 6 11/15/33 144A</title>
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        <name>United Airlines Holdings Inc</name>
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        <title>UAL 5.375 03/01/31</title>
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        <name>SUNOCO LP</name>
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        <name>Hilton Domestic Operating Co Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HLT 6.125 04/01/32 144A</title>
        <cusip>432833AQ4</cusip>
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        <name>Encore Capital Group Inc.</name>
        <lei>5493000UVC6H49CIH830</lei>
        <title>ECPG 9.25 04/01/29 144A</title>
        <cusip>292554AQ5</cusip>
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        <name>Wynn Resorts Finance Llc / Wynn Resorts Capital Corp</name>
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      <invstOrSec>
        <name>Hilton Domestic Operating Co Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HLT 5.875 04/01/29 144A</title>
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        <name>Gen Digital Inc</name>
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        <name>ViaSat, Inc.</name>
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        <name>GENESIS ENERGY LP</name>
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        <name>Rb Global Holdings Inc.</name>
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        <name>Yum! Brands Inc.</name>
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        <name>PARK INTERMEDIATE HOLDINGS LLC</name>
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        <name>Iron Mountain Inc.</name>
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        <name>SS&amp;C Technologies, Inc.</name>
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        <name>NOVA Chemicals Corp.</name>
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        <title>NCX 9 02/15/30 144A</title>
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        <name>Wynn Resorts Finance Llc / Wynn Resorts Capital Corp</name>
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        <name>Match Group Holdings II LLC</name>
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        <name>SK Invictus Intermediate II S.a.r.l.</name>
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        <name>1011778 B.C. ULC</name>
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        <name>Vail Resorts, Inc.</name>
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        <name>FMG Resources (August 2006) Pty Ltd.</name>
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        <name>Hilton Domestic Operating Co Inc.</name>
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        <name>Murphy Oil Corporation</name>
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        <name>Seagate Data Storage Technology Pte. Ltd.</name>
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        <name>Builders Firstsource, Inc.</name>
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        <name>Sealed Air Corp.</name>
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        <name>Tenet Healthcare Corporation</name>
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        <name>FMG Resources (August 2006) Pty Ltd.</name>
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        <name>GENMAB A/S</name>
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        <name>Wynn Resorts Finance Llc / Wynn Resorts Capital Corp</name>
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        <name>ANTERO MIDSTREAM PARTNERS LP</name>
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        <name>Pilgrims Pride Corporation</name>
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        <name>The Scotts Miracle-Gro Company</name>
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        <name>Belron U.K Finance PLC</name>
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        <name>Venture Global Calcasieu Pass LLC</name>
        <lei>549300GKHS6RS20NLH85</lei>
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        <name>Lamar Media Corp.</name>
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        <name>TransDigm, Inc.</name>
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        <name>Nissan Motor Acceptance Co LLC</name>
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        <name>GFL Environmental Inc.</name>
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        <name>GENESIS ENERGY LP</name>
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        <name>Biomarin Pharmaceutical Inc.</name>
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        <name>The Chemours Company LLC</name>
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        <name>Allison Transmission Inc.</name>
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        <name>Sealed Air Corp.</name>
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        <name>Celanese US Holdings Llc</name>
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        <name>Group 1 Automotive, Inc.</name>
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        <name>TransDigm, Inc.</name>
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        <name>STANDARD BUILDING SOLUTIONS INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allison Transmission Inc.</name>
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        <cusip>019736AE7</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISH Network Corporation</name>
        <lei>529900U350CWHH15G169</lei>
        <title>DISH 11.75 11/15/27 144A</title>
        <cusip>25470MAG4</cusip>
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        <balance>436000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>451622.32000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.75000000</annualizedRt>
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      <invstOrSec>
        <name>Tenet Healthcare Corporation</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>THC 6.125 10/01/28</title>
        <cusip>88033GDK3</cusip>
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          <isin value="US88033GDK31"/>
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        <balance>217000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>217627.78000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>United Rentals (North America), Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>URI 5.375 11/15/33 144A</title>
        <cusip>911365BS2</cusip>
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          <isin value="US911365BS20"/>
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        <balance>187000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188656.56000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
        <title>HESM 4.25 02/15/30 144A</title>
        <cusip>428102AE7</cusip>
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          <isin value="US428102AE79"/>
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        <balance>92000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90245.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Nissan Motor Acceptance Co LLC</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>NSANY 7.05 09/15/28 144A</title>
        <cusip>65480CAF2</cusip>
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          <isin value="US65480CAF23"/>
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        <balance>89000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>92540.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.05000000</annualizedRt>
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        <name>Cushman &amp; Wakefield U S Borrower LLC</name>
        <lei>549300870CMN3WI5IF97</lei>
        <title>CWK 8.875 09/01/31 144A</title>
        <cusip>23166MAC7</cusip>
        <identifiers>
          <isin value="US23166MAC73"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52953.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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      <invstOrSec>
        <name>SEALED AIR CORP</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
        <title>SEE 6.125 02/01/28 144A</title>
        <cusip>812127AA6</cusip>
        <identifiers>
          <isin value="US812127AA61"/>
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        <balance>96000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97386.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <name>HLF FINANCING SARL LLC</name>
        <lei>549300VKVJUV5OGV2R51</lei>
        <title>HLF 12.25 04/15/29 144A</title>
        <cusip>40390DAD7</cusip>
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          <isin value="US40390DAD75"/>
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        <balance>104000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111170.49000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</annualizedRt>
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      <invstOrSec>
        <name>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
        <title>HESM 5.5 10/15/30 144A</title>
        <cusip>428102AF4</cusip>
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          <isin value="US428102AF45"/>
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        <balance>50000.00000000</balance>
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        <valUSD>50407.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 6.625 03/01/32 144A</title>
        <cusip>893647BV8</cusip>
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        <balance>238000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Tenet Healthcare Corporation</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>THC 4.625 06/15/28</title>
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          <maturityDt>2028-06-15</maturityDt>
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        <name>Axalta Coating Systems LLC</name>
        <lei>549300G80QONCHILSF69</lei>
        <title>AXTA 3.375 02/15/29 144A</title>
        <cusip>05453GAC9</cusip>
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        <name>Mineral Resources Ltd.</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINAU 9.25 10/01/28 144A</title>
        <cusip>603051AE3</cusip>
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        <invCountry>AU</invCountry>
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        <name>PG&amp;E Corporation</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PCG 5.25 07/01/30</title>
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        <name>GENESIS ENERGY LP</name>
        <lei>549300VJ5D6MDK138782</lei>
        <title>GEL 8.875 04/15/30</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES</name>
        <lei>N/A</lei>
        <title>DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES</title>
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        <fairValLevel>1</fairValLevel>
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        <name>SEALED AIR CORP</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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        <name>CHS/Community Health Systems Inc</name>
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        <name>STANDARD BUILDING SOLUTIONS INC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
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        <name>Hilton Domestic Operating Co Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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        <name>Sunoco LP</name>
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        <title>SUN 4.5 10/01/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 5.75 07/15/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Prestige Brands, Inc.</name>
        <lei>549300JBVP4J6D42I235</lei>
        <title>PBH 3.75 04/01/31 144A</title>
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        <balance>78000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
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          <annualizedRt>3.75000000</annualizedRt>
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        <name>Firstcash Inc</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FCFS 4.625 09/01/28 144A</title>
        <cusip>33767DAB1</cusip>
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          <isin value="US33767DAB10"/>
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        <balance>62000.00000000</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>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>Seagate Data Storage Technology Pte. Ltd.</name>
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        <title>STX 8.25 12/15/29 144a</title>
        <cusip>81180LAM7</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Lithia Motors Incorporated</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>LAD 5.5 10/01/30 144A</title>
        <cusip>536797AJ2</cusip>
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        <balance>75000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
        <title>HESM 6.5 06/01/29 144A</title>
        <cusip>428102AG2</cusip>
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        <balance>78000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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        <name>EMRLD BORROWER LP</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMECLI 6.75 07/15/31 144A</title>
        <cusip>26873CAB8</cusip>
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        <name>Venture Global Calcasieu Pass LLC</name>
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        <name>Kaiser Aluminium Corporation</name>
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        <name>Hess Midstream Operations LP</name>
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        <title>HESM 5.125 06/15/28 144A</title>
        <cusip>428104AA1</cusip>
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          <couponKind>Fixed</couponKind>
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        <name>Mineral Resources Ltd.</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINAU 8.5 05/01/30 144A</title>
        <cusip>603051AD5</cusip>
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        <invCountry>AU</invCountry>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 6 01/15/33 144A</title>
        <cusip>893647BW6</cusip>
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        <balance>161000.00000000</balance>
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        <name>Teva Pharmaceutical Finance Netherlands IV B.V.</name>
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        <name>Mineral Resources Ltd.</name>
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        <name>NOVA Chemicals Corp.</name>
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        <name>Fluor Corporation</name>
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        <name>Sealed Air Corp. / Sealed Air Corp. US</name>
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        <name>ADT Security Corp.</name>
        <lei>5493009JEEDYLVRA0J13</lei>
        <title>ADT 4.125 08/01/29 144A</title>
        <cusip>00109LAA1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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        <name>Century Communities Inc</name>
        <lei>5299002QMB2O7ZL1CA26</lei>
        <title>CCS 3.875 08/15/29 144A</title>
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        <name>Group 1 Automotive, Inc.</name>
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        <title>GPI 6.375 01/15/30 144A</title>
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        <name>US Foods Inc</name>
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        <name>California Resources Corporation</name>
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        <name>Live Nation Entertainment, Inc.</name>
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        <name>JANE STREET GROUP LLC</name>
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        <name>Grifols S.A.</name>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>Apollo Commercial Real Estate Finance, Inc.</name>
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        <name>Opal Bidco SAS</name>
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        <name>BWX Technologies Inc.</name>
        <lei>549300NP85N265KWMS58</lei>
        <title>BWXT 4.125 06/30/28 144A</title>
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      <invstOrSec>
        <name>XPO Inc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bausch Plus Lomb Corp.</name>
        <lei>549300NY6OZM39SO6475</lei>
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        <cusip>071705AA5</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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      <invstOrSec>
        <name>Prestige Brands, Inc.</name>
        <lei>549300JBVP4J6D42I235</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Buckeye Partners LP</name>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>HUB International Ltd.</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HBGCN 7.25 06/15/30 144A</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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        <name>Clearway Energy Operating LLC</name>
        <lei>549300Z3NFMM54NWBB87</lei>
        <title>CWENA 3.75 02/15/31 144A</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>Maxim Crane Works Holdings Capital LLC</name>
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        <title>CLDCRN 11.5 09/01/28 144A</title>
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          <isin value="US57779EAA64"/>
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        <curCd>USD</curCd>
        <valUSD>70783.62000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.50000000</annualizedRt>
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        <name>Clearway Energy Operating LLC</name>
        <lei>549300Z3NFMM54NWBB87</lei>
        <title>CWENA 5.75 01/15/34 144A</title>
        <cusip>18539UAG0</cusip>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Teva Pharmaceutical Finance Netherlands III B.V.</name>
        <lei>5493004T21MOAFINJP35</lei>
        <title>TEVA 6.75 03/01/28</title>
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        <balance>161000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>167199.79000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Navient Corporation</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVI 4.875 03/15/28</title>
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        <balance>62000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59275.97000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>ROCKET MORTGAGE LLC</name>
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        <title>RKT 3.875 03/01/31 144A</title>
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          <couponKind>Fixed</couponKind>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>Nissan Motor Acceptance Co LLC</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>NSANY 5.625 09/29/28 144A</title>
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        <name>Service Corporation International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SCI 4.625 12/15/27</title>
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        <name>Travel Plus Leisure Co</name>
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        <title>TNL 4.5 12/01/29 144A</title>
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        <name>HOWARD HUGHES CORP (THE)</name>
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        <title>HHH 5.875 03/01/32 144A</title>
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        <name>Lithia Motors Incorporated</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>LAD 4.625 12/15/27 144A</title>
        <cusip>536797AE3</cusip>
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        <balance>50000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Talen Energy Supply LLC</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
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      <invstOrSec>
        <name>Garda World Security Corporation</name>
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        <curCd>USD</curCd>
        <valUSD>51237.25000000</valUSD>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
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          <isin value="US893647BY22"/>
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        <balance>290000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Amentum Escrow Corp.</name>
        <lei>2549009FJIBLW40CU216</lei>
        <title>AMNTEC 7.25 08/01/32 144A</title>
        <cusip>02352BAA3</cusip>
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          <isin value="US02352BAA35"/>
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        <balance>127000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133156.20000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
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        <name>Buckeye Partners LP</name>
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        <title>BPL 6.75 02/01/30 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOWARD HUGHES CORP (THE)</name>
        <lei>549300BVHY25JZC1KI49</lei>
        <title>HHH 4.125 02/01/29 144A</title>
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          <isin value="US44267DAE76"/>
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        <balance>79000.00000000</balance>
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        <name>Nustar Logistics, L.P.</name>
        <lei>N62BF2PKP51FIIOIUN20</lei>
        <title>NSUS 6.375 10/01/30</title>
        <cusip>67059TAH8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>EMRLD BORROWER LP</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMECLI 6.625 12/15/30 144A</title>
        <cusip>29103CAA6</cusip>
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          <isin value="US29103CAA62"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Blackstone Mortgage Trust, Inc</name>
        <lei>549300OLDJ20R2Y2UW20</lei>
        <title>BXMT 7.75 12/01/29 144A</title>
        <cusip>09257WAF7</cusip>
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        <name>Directv Financing LLC/Directv Financing Co-Obligor Inc.</name>
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        <title>DTV 5.875 08/15/27 144A</title>
        <cusip>25461LAA0</cusip>
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        <name>Service Corporation International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SCI 5.125 06/01/29</title>
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        <name>ANTERO MIDSTREAM PARTNERS LP</name>
        <lei>529900HFO1BDEIT4QU11</lei>
        <title>AM 5.375 06/15/29 144A</title>
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        <name>ILIAD HOLDING SAS</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>ILIADH 7 10/15/28 144A</title>
        <cusip>449691AC8</cusip>
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        <name>Match Group Holdings II LLC</name>
        <lei>5493003RFFE030RC9167</lei>
        <title>MTCHII 6.125 09/15/33 144A</title>
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          <isin value="US57667JAC62"/>
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        <name>GFL Environmental Inc.</name>
        <lei>894500E7NLBY9VZRT696</lei>
        <title>GFLCN 4.75 06/15/29 144A</title>
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        <name>Acadia Healthcare Company, Inc.</name>
        <lei>5493005CW985Y9D0NC11</lei>
        <title>ACHC 5.5 07/01/28 144A</title>
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        <name>Matador Resources Company</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>MTDR 6.875 04/15/28 144A</title>
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      <invstOrSec>
        <name>HOWARD HUGHES CORP (THE)</name>
        <lei>549300BVHY25JZC1KI49</lei>
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        <name>Advanced Drainage System Inc</name>
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        <name>Sunoco LP</name>
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        <name>Live Nation Entertainment, Inc.</name>
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        <name>HUB International Ltd.</name>
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        <name>Darling Ingredients, Inc</name>
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        <name>SM ENERGY COMPANY</name>
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        <name>Matador Resources Company</name>
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        <title>MTDR 6.5 04/15/32 144A</title>
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        <name>Sensata Technologies Inc</name>
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        <name>Goodyear Tire &amp; Rubber Co. The</name>
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        <title>GT 5 07/15/29</title>
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        <name>TransDigm, Inc.</name>
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        <name>Sirius Xm Radio Inc</name>
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        <name>Lamar Media Corp.</name>
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        <name>Hilton Domestic Operating Co Inc.</name>
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        <name>Concentra Health Services Inc.</name>
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        <name>Sensata Technologies Inc</name>
        <lei>5493002MMDDCUNV7NY90</lei>
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        <name>Charles River Laboratories International, Inc.</name>
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        <name>Hess Midstream Operations LP</name>
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        <name>Topbuild Corporation</name>
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        <name>Lithia Motors Incorporated</name>
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        <name>Brandywine Operating Partnership L.P.</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Tegna Inc</name>
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          <maturityDt>2029-09-15</maturityDt>
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        <name>Whirlpool Corp.</name>
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      <invstOrSec>
        <name>HILCORP ENERGY I LP</name>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75578.03000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Blue Racer Midstream, LLC / Blue Racer Finance Corp</name>
        <lei>N/A</lei>
        <title>BLURAC 7 07/15/29 144A</title>
        <cusip>095796AJ7</cusip>
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        <balance>62000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clearway Energy Operating LLC</name>
        <lei>549300Z3NFMM54NWBB87</lei>
        <title>CWENA 4.75 03/15/28 144A</title>
        <cusip>18539UAC9</cusip>
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        <balance>121000.00000000</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>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Lithia Motors Incorporated</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>LAD 4.375 01/15/31 144A</title>
        <cusip>536797AF0</cusip>
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        <balance>66000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>Navient Corporation</name>
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        <title>NAVI 5 03/15/27</title>
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          <couponKind>Fixed</couponKind>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 4.625 01/15/29</title>
        <cusip>893647BP1</cusip>
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        <name>Quikrete Holdings Inc</name>
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        <name>Tenet Healthcare Corporation</name>
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        <title>THC 4.25 06/01/29</title>
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        <name>Tegna Inc</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TGNA 4.625 03/15/28</title>
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        <name>GFL Environmental Holdings (US) Inc.</name>
        <lei>N/A</lei>
        <title>GFLCN 5.5 02/01/34 144A</title>
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        <name>Iqvia Inc</name>
        <lei>549300PLWY28YB00C717</lei>
        <title>IQV 6.5 05/15/30 144A</title>
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        <name>Service Corporation International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SCI 3.375 08/15/30</title>
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        <balance>106000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Buckeye Partners LP</name>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
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        <name>Match Group Holdings II LLC</name>
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          <isin value="US57667JAA07"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Yum! Brands Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
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        <name>Lightning Power LLC</name>
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        <title>LIGPLL 7.25 08/15/32 144A</title>
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          <isin value="US53229KAA79"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-15</maturityDt>
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        <name>Matador Resources Company</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>MTDR 6.25 04/15/33 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-15</maturityDt>
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        <name>ROCKET MORTGAGE LLC</name>
        <lei>549300FGXN1K3HLB1R50</lei>
        <title>RKT 3.625 03/01/29 144A</title>
        <cusip>74841CAA9</cusip>
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          <isin value="US74841CAA99"/>
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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>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Service Corporation International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SCI 4 05/15/31</title>
        <cusip>817565CG7</cusip>
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          <isin value="US817565CG79"/>
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        <curCd>USD</curCd>
        <valUSD>95657.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Cushman &amp; Wakefield U S Borrower LLC</name>
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        <title>CWK 6.75 05/15/28 144A</title>
        <cusip>23166MAA1</cusip>
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          <isin value="US23166MAA18"/>
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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>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Amwins Group Inc</name>
        <lei>549300SJE7MUB8NMRG61</lei>
        <title>AMWINS 6.375 02/15/29 144A</title>
        <cusip>031921AC3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GFL Environmental Inc.</name>
        <lei>894500E7NLBY9VZRT696</lei>
        <title>GFLCN 4.375 08/15/29 144A</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Uniti Service LLC/ Uniti Group Finance 2019 Inc/CSL Capital LLC</name>
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        <title>UNIT 4.75 04/15/28 144A</title>
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        <name>Quikrete Holdings Inc</name>
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        <title>QUIKHO 6.375 03/01/32 144A</title>
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        <name>ANTERO MIDSTREAM PARTNERS LP</name>
        <lei>529900HFO1BDEIT4QU11</lei>
        <title>AM 5.75 01/15/28 144A</title>
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        <name>Buckeye Partners LP</name>
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        <title>BPL 4.125 12/01/27</title>
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        <name>LifePoint Health, Inc</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>RGCARE 11 10/15/30 144A</title>
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        <name>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST 4.625 04/15/30 144A</title>
        <cusip>737446AQ7</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>United Rentals (North America), Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
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        <name>Churchill Downs Inc</name>
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        <name>Trinity Industries, Inc.</name>
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        <name>Zegona Finance PLC</name>
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        <name>Somnigroup International Inc.</name>
        <lei>549300HFEKVR3US71V91</lei>
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        <name>PEBBLEBROOK HOTEL LP</name>
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        <name>Central Garden &amp; Pet Company</name>
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        <name>Ally Financial Inc.</name>
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        <name>XPO Inc</name>
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        <name>JANE STREET GROUP LLC</name>
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        <name>Sunoco LP</name>
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        <name>AECOM</name>
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        <name>LifePoint Health, Inc</name>
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        <title>RGCARE 9.875 08/15/30 144A</title>
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        <name>United Rentals (North America), Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>URI 3.875 11/15/27</title>
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        <name>Crown Americas LLC</name>
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        <name>Lamb Weston Holdings Inc</name>
        <lei>5493005SMYID1D2OY946</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>JANE STREET GROUP LLC</name>
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        <valUSD>184259.00000000</valUSD>
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          <maturityDt>2031-04-30</maturityDt>
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        <name>Energizer Holdings Inc</name>
        <lei>5493000D6NN0V57UME20</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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        <name>ALLIANT HOLDINGS INTERMEDIATE LLC</name>
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        <title>ALIANT 7 01/15/31 144A</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>Kennedy Wilson Inc</name>
        <lei>5EA4464UK7FM5QNNKL62</lei>
        <title>KW 4.75 03/01/29</title>
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          <isin value="US489399AL90"/>
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        <balance>81000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79871.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Lamar Media Corp.</name>
        <lei>N/A</lei>
        <title>LAMR 3.75 02/15/28</title>
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          <isin value="US513075BR18"/>
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        <balance>74000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72811.31000000</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>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>Davita Inc</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DVA 6.75 07/15/33 144A</title>
        <cusip>23918KAY4</cusip>
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          <isin value="US23918KAY47"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135069.09000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Axon Enterprise Inc</name>
        <lei>549300QP2IEEGFE16681</lei>
        <title>AXON 6.25 03/15/33 144A</title>
        <cusip>05464CAD3</cusip>
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        <balance>97000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>Somnigroup International Inc.</name>
        <lei>549300HFEKVR3US71V91</lei>
        <title>SGI 4 04/15/29 144A</title>
        <cusip>88023UAH4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Roblox Corporation</name>
        <lei>529900ANZDBDFU91SO19</lei>
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        <name>United Rentals (North America), Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>URI 4 07/15/30</title>
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        <name>United Rentals (North America), Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>URI 3.75 01/15/32</title>
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        <name>Adient Global Holdings Ltd</name>
        <lei>213800VA38VCKE6M8790</lei>
        <title>ADNT 8.25 04/15/31 144A</title>
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        <name>Seagate Data Storage Technology Pte. Ltd.</name>
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        <title>STX 9.625 12/01/32 144a</title>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 4.875 05/01/29</title>
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        <name>Taylor Morrison Communities Inc</name>
        <lei>549300O1Z08HI2MRK572</lei>
        <title>TMHC 5.75 01/15/28 144A</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 5.625 03/15/31 144A</title>
        <cusip>86765KAF6</cusip>
        <identifiers>
          <isin value="US86765KAF66"/>
        </identifiers>
        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>126133.34000000</valUSD>
        <pctVal>0.190700250039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Open Text Corp</name>
        <lei>549300HP7ONDQODZJV16</lei>
        <title>OTEXCN 3.875 12/01/29 144A</title>
        <cusip>683715AD8</cusip>
        <identifiers>
          <isin value="US683715AD87"/>
        </identifiers>
        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99106.88000000</valUSD>
        <pctVal>0.149839105161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Perrigo Finance Unlimited Co.</name>
        <lei>549300E86RB6YCTMRM83</lei>
        <title>PRGO 3.15 06/15/30</title>
        <cusip>71429MAC9</cusip>
        <identifiers>
          <isin value="US71429MAC91"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>91998.11000000</valUSD>
        <pctVal>0.139091397882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Builders &amp; Contractors Supply Co., Inc.</name>
        <lei>549300H5GQ4C1BEKG397</lei>
        <title>ABCSUP 3.875 11/15/29 144A</title>
        <cusip>024747AG2</cusip>
        <identifiers>
          <isin value="US024747AG26"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48448.87000000</valUSD>
        <pctVal>0.073249559736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Crown Americas LLC</name>
        <lei>RPPGGRL1J75WGF2DFO04</lei>
        <title>CCK 5.25 04/01/30</title>
        <cusip>228180AB1</cusip>
        <identifiers>
          <isin value="US228180AB14"/>
        </identifiers>
        <balance>53000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54276.35000000</valUSD>
        <pctVal>0.082060092250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goodyear Tire &amp; Rubber Co. The</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GT 4.875 03/15/27</title>
        <cusip>382550BG5</cusip>
        <identifiers>
          <isin value="US382550BG56"/>
        </identifiers>
        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84828.58000000</valUSD>
        <pctVal>0.128251827918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-29</ncom:dateSigned>
      <ncom:nameOfApplicant>DBX ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Diane Kenneally</ncom:signature>
      <ncom:signerName>Diane Kenneally</ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
