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        <name>SM ENERGY COMPANY</name>
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        <name>ZF North America Capital, Inc.</name>
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        <name>PETSMART LLC</name>
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        <name>Perrigo Finance Unlimited Co.</name>
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        <invCountry>IE</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Energizer Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Light &amp; Wonder International Inc.</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>LNW 6.25 10/01/33 144A</title>
        <cusip>531968AB1</cusip>
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        <name>Firstcash Inc</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FCFS 6.875 03/01/32 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>The Chemours Company LLC</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>CC 4.625 11/15/29 144A</title>
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        <name>HILTON GRAND VACATIONS BORROWER ESCROW LLC</name>
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        <name>LifePoint Health, Inc</name>
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        <name>Adapthealth Llc</name>
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        <name>Arbor Realty Senior Incorporated</name>
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        <title>ABR 8.5 12/15/28 144A</title>
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        <name>Allison Transmission Inc.</name>
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        <name>Venture Global Plaquemines Lng LLC</name>
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        <name>Station Casinos LLC</name>
        <lei>5493004E7Q60TX54WL62</lei>
        <title>RRR 4.625 12/01/31 144A</title>
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        <name>ION PLATFORM FINANCE US INC</name>
        <lei>213800FKHT3BRRKMCC89</lei>
        <title>IONPLA 8.75 05/01/29 144@</title>
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        <name>PETSMART LLC</name>
        <lei>894500NGJMHSFNESGA67</lei>
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        <name>JEFFERIES FINANCE LLC</name>
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        <name>GoEasy Limited</name>
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        <name>SM ENERGY COMPANY</name>
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        <name>VERSANT MEDIA GROUP INC</name>
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        <name>SM ENERGY COMPANY</name>
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        <name>Level 3 Financing, Inc.</name>
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        <name>Light &amp; Wonder International Inc.</name>
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        <name>XPLR Infrastructure Operating Partners LP</name>
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        <name>CONNECT FINCO SARL</name>
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        <name>Central Parent LLC / CDK Global II LLC / CDK Financing Co.</name>
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        <name>Adient Global Holdings Ltd</name>
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      <invstOrSec>
        <name>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <curCd>USD</curCd>
        <valUSD>45954.67000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-15</maturityDt>
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      <invstOrSec>
        <name>LCPR Senior Secured Financing Designated Activity Company</name>
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          <isin value="US50201DAD57"/>
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        <balance>53000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36012.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Bath &amp; Body Works Inc</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>BBWI 6.625 10/01/30 144A</title>
        <cusip>501797AW4</cusip>
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          <isin value="US501797AW48"/>
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        <balance>54000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55354.97000000</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>2030-10-01</maturityDt>
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        <name>ALLIANT HOLDINGS INTERMEDIATE LLC</name>
        <lei>5493006Q26653NF8SI73</lei>
        <title>ALIANT 5.875 11/01/29 144A</title>
        <cusip>01883LAD5</cusip>
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          <isin value="US01883LAD55"/>
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        <balance>32000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31248.15000000</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>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Hunt Companies, Inc.</name>
        <lei>549300ODPWDNCH5TKM49</lei>
        <title>HUNTCO 5.25 04/15/29 144A</title>
        <cusip>445587AE8</cusip>
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          <isin value="US445587AE85"/>
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        <balance>49000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46955.32000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>GoEasy Limited</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>GSYCN 7.375 10/01/30 144A</title>
        <cusip>380355AN7</cusip>
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        <balance>22000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19520.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>Nabors Industries, Inc.</name>
        <lei>549300VFQWRKICUFNU92</lei>
        <title>NBR 7.625 11/15/32 144A</title>
        <cusip>62957HAR6</cusip>
        <identifiers>
          <isin value="US62957HAR66"/>
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        <balance>44000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45356.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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      <invstOrSec>
        <name>LD Holdings Group LLC</name>
        <lei>N/A</lei>
        <title>LNDPT 6.125 04/01/28 144A</title>
        <cusip>521088AC8</cusip>
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          <isin value="US521088AC89"/>
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        <balance>37000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32964.27000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>NCL Corporation Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCLH 6.25 09/15/33 144A</title>
        <cusip>62886HBZ3</cusip>
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          <isin value="US62886HBZ38"/>
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        <balance>51000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51508.42000000</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>2033-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Cable One Inc</name>
        <lei>549300648QS85T0XSH18</lei>
        <title>CABO 4 11/15/30 144A</title>
        <cusip>12685JAC9</cusip>
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        <balance>42000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29110.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rockies Express Pipeline LLC</name>
        <lei>W2ZGZGZKY5GGNY6F3V51</lei>
        <title>ROCKIE 6.75 03/15/33 144A</title>
        <cusip>77340RAU1</cusip>
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        <balance>29000.00000000</balance>
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        <valUSD>30673.27000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
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        <name>Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC)</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>ACI 5.625 03/31/32 144A</title>
        <cusip>01309QAE8</cusip>
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        <name>FERTITTA ENTERTAINMENT LLC</name>
        <lei>984500A0805D8V551D35</lei>
        <title>FRTITA 6.75 01/15/30 144A</title>
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      <invstOrSec>
        <name>Equipmentshare Com Inc.</name>
        <lei>254900PWJK48CGPKPI80</lei>
        <title>EQMSRM 8 03/15/33 144A</title>
        <cusip>29450YAC3</cusip>
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        <name>First Quantum Minerals Ltd.</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

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        <name>Verde Purchaser LLC</name>
        <lei>2549004HFEKMUGBG3Z35</lei>
        <title>VRTV 10.5 11/30/30 144A</title>
        <cusip>92339LAA0</cusip>
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        <balance>69000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>VZ Secured Financing BV</name>
        <lei>549300MG611MYCOWY949</lei>
        <title>ZIGGO 7.5 01/15/33 144A</title>
        <cusip>91845AAB1</cusip>
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        <balance>82000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <name>Rocket Software Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>E.W. Scripps Co.</name>
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          <maturityDt>2030-08-15</maturityDt>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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          <maturityDt>2036-02-01</maturityDt>
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        <name>Ardonagh Finco Ltd.</name>
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        <title>ARDGRP 7.75 02/15/31 144A</title>
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        <invCountry>JE</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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        <name>ZF North America Capital, Inc.</name>
        <lei>529900JYGMS9CW9IQX78</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <name>Owens Brockway Glass Container Inc.</name>
        <lei>V2UQUCDZJ9WY98W8QU33</lei>
        <title>OI 7.25 05/15/31 144A</title>
        <cusip>69073TAU7</cusip>
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        <balance>44000.00000000</balance>
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        <valUSD>44541.38000000</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>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Jones Deslauriers Insurance Management Inc.</name>
        <lei>549300JQIWNFU00E5424</lei>
        <title>NAVCOR 6.875 10/01/33 144A</title>
        <cusip>48020RAE5</cusip>
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          <isin value="US48020RAE53"/>
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        <balance>26000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23902.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <name>Melco Resorts Finance Limited</name>
        <lei>5493000FQDBWKDBZEF60</lei>
        <title>MPEL 6.5 09/24/33 144A</title>
        <cusip>58547DAJ8</cusip>
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        <balance>34000.00000000</balance>
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        <valUSD>33942.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>XPLR Infrastructure Operating Partners LP</name>
        <lei>549300KJEC5IUVJWR786</lei>
        <title>XIFR 8.625 03/15/33 144A</title>
        <cusip>98380MAB1</cusip>
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        <balance>53000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56128.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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        <name>Star Parent Inc.</name>
        <lei>254900GRGCJYRMDRWT73</lei>
        <title>SYNH 9 10/01/30 144A</title>
        <cusip>855170AA4</cusip>
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        <curCd>USD</curCd>
        <valUSD>79264.77000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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        <name>ANYWHERE REAL ESTATE GROUP LLC</name>
        <lei>LF6PBYTYG3BDVEF4FI12</lei>
        <title>HOUS 5.75 01/15/29 144A</title>
        <cusip>75606DAL5</cusip>
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        <balance>39000.00000000</balance>
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        <valUSD>38475.10000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>UWN Holdings LLC</name>
        <lei>N/A</lei>
        <title>UWMC 6.625 02/01/30 144A</title>
        <cusip>903522AA8</cusip>
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        <balance>56000.00000000</balance>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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        <name>Venture Global LNG Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENLNG 9.875 02/01/32 144A</title>
        <cusip>92332YAD3</cusip>
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        <name>XPLR Infrastructure Operating Partners LP</name>
        <lei>549300KJEC5IUVJWR786</lei>
        <title>XIFR 8.375 01/15/31 144A</title>
        <cusip>98380MAA3</cusip>
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        <name>Dexko Global Inc</name>
        <lei>549300SMZ4OV1KBH1M19</lei>
        <title>Dornoch Debt Merger Sub Inc</title>
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        <name>MPT OPERATING PARTNERSHIP LP</name>
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        <title>MPW 8.5 02/15/32 144a</title>
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        <name>ALBERTSONS COMPANIES INC</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>ACI 5.75 03/31/34 144A</title>
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      <invstOrSec>
        <name>Gray Media Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GTN 7.25 08/15/33 144A</title>
        <cusip>389375AP1</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cleveland-Cliffs Inc</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLF 7 03/15/32 144A</title>
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        <curCd>USD</curCd>
        <valUSD>92535.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Edgewell Personal Care Co</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
        <title>EPC 4.125 04/01/29 144A</title>
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          <isin value="US28035QAB86"/>
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        <balance>27000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26074.32000000</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>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <name>BROOKFIELD RESIDENTIAL PROPERTIES ULC</name>
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          <isin value="US11283YAD22"/>
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        <curCd>USD</curCd>
        <valUSD>40452.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>Atlantica Sustainable Infrastructure Group PLC</name>
        <lei>254900V5SMQ1UP1CLC26</lei>
        <title>AY 6.375 02/15/32 144A</title>
        <cusip>13005HAA8</cusip>
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          <isin value="US13005HAA86"/>
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        <balance>69000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68841.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JEFFERIES FINANCE LLC</name>
        <lei>549300SKVB18YSSIDT75</lei>
        <title>JEFFIN 6.625 10/15/31 144A</title>
        <cusip>47232MAG7</cusip>
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          <isin value="US47232MAG78"/>
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        <balance>19000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18515.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>CrossCountry Intermediate HoldCo LLC</name>
        <lei>N/A</lei>
        <title>CROSIN 6.75 12/01/32 144A</title>
        <cusip>22757VAB6</cusip>
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          <isin value="US22757VAB62"/>
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        <balance>47000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46552.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>ZF North America Capital, Inc.</name>
        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZFFNGR 7.125 04/14/30 144A</title>
        <cusip>98877DAE5</cusip>
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          <isin value="US98877DAE58"/>
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        <balance>31000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31744.47000000</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>2030-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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        <name>Olympus Water US Holding Corp.</name>
        <lei>549300YU2GGVCBN3MY89</lei>
        <title>SOLEIN 4.25 10/01/28 144a</title>
        <cusip>681639AA8</cusip>
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          <isin value="US681639AA87"/>
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        <balance>53000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51571.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>Univision Communications Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UVN 4.5 05/01/29 144A</title>
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        <balance>67000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>UWN Holdings LLC</name>
        <lei>N/A</lei>
        <title>UWMC 6.25 03/15/31 144A</title>
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        <name>Asbury Automotive Group, Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>ABG 5 02/15/32 144A</title>
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        <name>Gray Media Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GTN 10.5 07/15/29 144A</title>
        <cusip>389375AM8</cusip>
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        <name>GoEasy Limited</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>GSYCN 6.875 02/15/31 144A</title>
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        <name>Clarivate Science Holdings Corp.</name>
        <lei>N/A</lei>
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        <name>Cornerstone Building Brands Inc</name>
        <lei>549300IW41QEWQ6T0H29</lei>
        <title>CNR 8.75 08/01/28 144A</title>
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        <name>HOWDEN UK REFINANCE PLC</name>
        <lei>87550008DPN8BDG67910</lei>
        <title>HWDGRP 7.25 02/15/31 144A</title>
        <cusip>44287GAA4</cusip>
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        <balance>55000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>Arbor Realty Senior Incorporated</name>
        <lei>549300TW7RTL2CI3CN08</lei>
        <title>ABR 7.875 07/15/30 144A</title>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
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        <name>First Quantum Minerals Ltd.</name>
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        <name>SIX FLAGS ENTERTAINMENT CORP</name>
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        <name>Azorra Finance Ltd.</name>
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        <name>Gray Media Inc.</name>
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        <name>Melco Resorts Finance Limited</name>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>FXI Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
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        <name>Garda World Security Corporation</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>Nissan Motor Co Ltd.</name>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Cleveland-Cliffs Inc</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLF 6.75 04/15/30 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>First Quantum Minerals Ltd.</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
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        <invCountry>CA</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <name>McGraw-Hill Education Inc.</name>
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        <name>Enova International Inc.</name>
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        <name>HILCORP ENERGY I LP</name>
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        <name>Kodiak Gas Services LLC</name>
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        <name>Ardonagh Group Finance Ltd.</name>
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        <name>ALLIED UNIVERSAL HOLDCO LLC</name>
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        <name>Fiesta Purchaser Inc.</name>
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        <name>ANYWHERE REAL ESTATE GROUP LLC</name>
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        <name>Credit Acceptance Corporation of Michigan</name>
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        <name>Mauser Packaging Solutions Holding Co.</name>
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        <name>Azorra Finance Ltd.</name>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>PREMIER ENTERTAINMENT SUB LLC</name>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>McAfee Corp</name>
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          <maturityDt>2030-02-15</maturityDt>
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        <name>V.F. Corp</name>
        <lei>CWAJJ9DJ5Z7P057HV541</lei>
        <title>VFC 2.95 04/23/30</title>
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          <isin value="US918204BC10"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>CCO 7.5 06/01/29 144A</title>
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        <name>ILIAD HOLDING SAS</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>ILIADH 7 04/15/32 144A</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ELLINGTON FINANCIAL OPERATING PARTNERSHIP LLC</name>
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        <title>EFC 7.375 09/30/30 144A</title>
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        <name>Central Parent Inc. / Central Merger Sub Inc.</name>
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        <name>Ashton Woods (USA) LLC/Ashton Woods Finance Co.</name>
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        <title>ASHWOO 6.875 08/01/33 144A</title>
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        <name>Celanese US Holdings Llc</name>
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        <name>Cleveland-Cliffs Inc</name>
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        <name>Sonic Automotive, Inc.</name>
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        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HRI 7.25 06/15/33 144A</title>
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        <name>DWS GOVERNMENT AND AGENCY SECURITIES PORTFOLIO DWS GOVERNMENT CASH INSTITUTIONAL SHARES</name>
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        <name>Voltagrid LLC</name>
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        <name>Univision Communications Inc.</name>
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        <name>Kodiak Gas Services LLC</name>
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        <name>Sabre GLBL Inc.</name>
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        <name>CITIBANK NA</name>
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        <name>McGraw-Hill Education Inc.</name>
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        <name>MACY'S RETAIL HOLDINGS LLC</name>
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        <name>Huntsman International LLC</name>
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        <name>ALLIED UNIVERSAL HOLDCO LLC</name>
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        <name>Getty Images Inc.</name>
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        <name>Aretec Group Inc.</name>
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        <name>Venture Global LNG Inc.</name>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <name>CSC Holdings, LLC</name>
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        <name>Methanex US Operations Inc.</name>
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        <name>W. R. Grace Holdings Llc</name>
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        <name>Motion Bondco Designated Activity Company</name>
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        <invCountry>IE</invCountry>

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        <name>Transocean International Ltd.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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        <name>Huntsman International LLC</name>
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        <name>Univision Communications Inc.</name>
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        <name>Discovery Communications, LLC</name>
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        <name>ARETEC ESCROW ISSUER 2 INC</name>
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        <title>RCAP 10 08/15/30 144A</title>
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        <name>Organon &amp; Co</name>
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        <name>OneMain Financial Corporation</name>
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        <name>USA COMPRESSION PARTNERS LP</name>
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        <name>Sabre GLBL Inc.</name>
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        <name>SM Energy Co.</name>
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        <name>Celanese US Holdings Llc</name>
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        <name>MACY'S RETAIL HOLDINGS LLC</name>
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        <name>Arsenal AIC Parent LLC</name>
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        <name>CoreWeave Inc.</name>
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      <invstOrSec>
        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
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        <curCd>USD</curCd>
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        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRIGHTSTAR LOTTERY PLC</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TKC Holdings Inc.</name>
        <lei>N/A</lei>
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          <isin value="US87256YAG89"/>
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        <balance>46000.00000000</balance>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>Allied Universal Holdco LLC / Allied Universal Finance Corporation</name>
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          <isin value="US019576AD90"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Inversion Escrow Issuer LLC</name>
        <lei>254900P6GHORGRVLKI95</lei>
        <title>SOLEIN 6.75 08/01/32 144A</title>
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          <isin value="US46150DAA00"/>
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        <curCd>USD</curCd>
        <valUSD>67983.99000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Melco Resorts Finance Limited</name>
        <lei>5493000FQDBWKDBZEF60</lei>
        <title>MPEL 5.75 07/21/28 144A</title>
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          <isin value="US58547DAE94"/>
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        <balance>57000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57003.73000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>iHeartCommunications Inc</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>IHRT 9.125 05/01/29 144A</title>
        <cusip>45174HBJ5</cusip>
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          <isin value="US45174HBJ59"/>
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        <balance>47000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41803.21000000</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>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</annualizedRt>
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      <invstOrSec>
        <name>Discovery Communications, LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
        <title>WBD 5 09/20/37 *</title>
        <cusip>25470DBY4</cusip>
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          <isin value="US25470DBY40"/>
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        <balance>29000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23065.73000000</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>2037-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>VMED O2 UK Financing I PLC</name>
        <lei>213800MRR46ECNGZ7L69</lei>
        <title>VMED 7.75 04/15/32 144A</title>
        <cusip>92858RAD2</cusip>
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          <isin value="US92858RAD26"/>
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        <balance>58000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58070.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Venture Global LNG Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENLNG 8.125 06/01/28 144A</title>
        <cusip>92332YAA9</cusip>
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        <balance>136000.00000000</balance>
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        <valUSD>139619.64000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
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        <name>Sabre GLBL Inc.</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>SABHLD 10.75 11/15/29 144A</title>
        <cusip>78573NAL6</cusip>
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          <isin value="US78573NAL64"/>
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        <balance>34000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24825.29000000</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>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.75000000</annualizedRt>
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        <name>Nissan Motor Co Ltd.</name>
        <lei>353800DRBDH1LUTNAY26</lei>
        <title>NSANY 8.125 07/17/35 144A</title>
        <cusip>654922AD5</cusip>
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        <balance>76000.00000000</balance>
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        <valUSD>83060.13000000</valUSD>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-17</maturityDt>
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        <name>MGM Resorts International</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM 6.5 04/15/32</title>
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        <name>ICAHN ENTERPRISES LP</name>
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        <title>IEP 5.25 05/15/27</title>
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        <name>Univision Communications Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UVN 8.5 07/31/31 144A</title>
        <cusip>914906AZ5</cusip>
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        <name>Medco Maple Tree Pte Ltd.</name>
        <lei>254900T5AQZNR0THA508</lei>
        <title>MEDCIJ 8.96 04/27/29 144A</title>
        <cusip>58407HAA7</cusip>
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        <balance>27000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-27</maturityDt>
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        <name>UKG Inc.</name>
        <lei>529900FKHWSTQ1GXK240</lei>
        <title>ULTI 6.875 02/01/31 144A</title>
        <cusip>90279XAA0</cusip>
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        <balance>169000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HTA Group Limited (Mauritius)</name>
        <lei>213800WEFU8O8X6EPU13</lei>
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          <isin value="US40435WAC47"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Brinks Company</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
        <title>BCO 6.75 06/15/32 144A</title>
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          <isin value="US109696AD60"/>
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        <balance>32000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33145.12000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Surgery Center Holdings, Inc.</name>
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          <isin value="US86881WAF95"/>
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        <balance>76000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76002.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Venture Global LNG Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENLNG 8.375 06/01/31 144A</title>
        <cusip>92332YAB7</cusip>
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          <isin value="US92332YAB74"/>
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        <balance>167000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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      <invstOrSec>
        <name>CSC Holdings, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 5.5 04/15/27 144A</title>
        <cusip>126307AQ0</cusip>
        <identifiers>
          <isin value="US126307AQ03"/>
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        <balance>83000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70451.41000000</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>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>CLARIOS GLOBAL LP</name>
        <lei>549300474L1ZLXZY2P98</lei>
        <title>POWSOL 6.75 09/15/32 144A</title>
        <cusip>18060TAE5</cusip>
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          <isin value="US18060TAE55"/>
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        <balance>79000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82049.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 7.5 05/15/31</title>
        <cusip>682691AF7</cusip>
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          <isin value="US682691AF77"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36162.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>ACRISURE LLC</name>
        <lei>549300R0Z1Q47XRTGO22</lei>
        <title>ACRISU 6.75 07/01/32 144A</title>
        <cusip>004961AA6</cusip>
        <identifiers>
          <isin value="US004961AA64"/>
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        <balance>36000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35335.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Puma International Financing S.A.</name>
        <lei>222100YFBPO7IDRUBR17</lei>
        <title>PUMAFN 7.75 04/25/29 144A</title>
        <cusip>74588YAB6</cusip>
        <identifiers>
          <isin value="US74588YAB65"/>
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        <balance>37000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38417.91000000</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>2029-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Equipmentshare Com Inc.</name>
        <lei>254900PWJK48CGPKPI80</lei>
        <title>EQMSRM 8.625 05/15/32 144A</title>
        <cusip>29450YAB5</cusip>
        <identifiers>
          <isin value="US29450YAB56"/>
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        <balance>44000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47119.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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      <invstOrSec>
        <name>NGL ENERGY OPERATING LLC</name>
        <lei>5493008CQD36WWZJ3O79</lei>
        <title>NGL 8.125 02/15/29 144A</title>
        <cusip>62922LAC2</cusip>
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          <isin value="US62922LAC28"/>
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        <balance>79000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>81983.28000000</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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
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      <invstOrSec>
        <name>NCL Corporation Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCLH 6.75 02/01/32 144A</title>
        <cusip>62886HBR1</cusip>
        <identifiers>
          <isin value="US62886HBR12"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>123662.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Melco Resorts Finance Limited</name>
        <lei>5493000FQDBWKDBZEF60</lei>
        <title>MPEL 5.375 12/04/29 144A</title>
        <cusip>58547DAD1</cusip>
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          <isin value="US58547DAD12"/>
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        <balance>74000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72346.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VMED O2 UK Financing I PLC</name>
        <lei>213800MRR46ECNGZ7L69</lei>
        <title>VMED 4.25 01/31/31 144A</title>
        <cusip>92858RAA8</cusip>
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          <isin value="US92858RAA86"/>
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        <balance>93000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82074.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>VICTRA HOLDINGS LLC</name>
        <lei>549300KWDYQKQSF0MQ18</lei>
        <title>VICTRA 8.75 09/15/29 144A</title>
        <cusip>92648DAA4</cusip>
        <identifiers>
          <isin value="US92648DAA46"/>
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        <balance>23000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24189.42000000</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>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HILCORP ENERGY I LP</name>
        <lei>549300ITPIHLG0LHEC09</lei>
        <title>HILCRP 8.375 11/01/33 144A</title>
        <cusip>431318BC7</cusip>
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          <isin value="US431318BC74"/>
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        <balance>31000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32731.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Rocket Software Inc</name>
        <lei>549300PVG26ISP5X1556</lei>
        <title>ROCSOF 6.5 02/15/29 144A</title>
        <cusip>77314EAA6</cusip>
        <identifiers>
          <isin value="US77314EAA64"/>
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        <balance>49000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41072.97000000</valUSD>
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        <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>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rivers Enterprise Borrower LLC / Rivs Enterprise Fin Corp.</name>
        <lei>N/A</lei>
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          <isin value="US76883NAA90"/>
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        <curCd>USD</curCd>
        <valUSD>29781.06000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CrossCountry Intermediate HoldCo LLC</name>
        <lei>N/A</lei>
        <title>CROSIN 6.5 10/01/30 144A</title>
        <cusip>22757VAA8</cusip>
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          <isin value="US22757VAA89"/>
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        <balance>51000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50861.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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      <invstOrSec>
        <name>ams OSRAM AG</name>
        <lei>5299001JPPT2QFTV5D76</lei>
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        <cusip>03217CAB2</cusip>
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          <isin value="US03217CAB28"/>
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        <curCd>USD</curCd>
        <valUSD>53391.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-30</maturityDt>
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      <invstOrSec>
        <name>Jefferson Capital Holdings LLC</name>
        <lei>N/A</lei>
        <title>JEFCAP 8.25 05/15/30 144A</title>
        <cusip>472481AC4</cusip>
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          <isin value="US472481AC47"/>
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        <balance>32000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33550.82000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>Venture Global LNG Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENLNG 9.5 02/01/29 144A</title>
        <cusip>92332YAC5</cusip>
        <identifiers>
          <isin value="US92332YAC57"/>
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        <balance>202000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216770.85000000</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>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>ARDAGH METAL PACKAGING FINANCE USA LLC</name>
        <lei>635400YUJMWFYRBL5293</lei>
        <title>AMPBEV 4 09/01/29 144A</title>
        <cusip>03969YAB4</cusip>
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          <isin value="US03969YAB48"/>
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        <balance>68000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64959.79000000</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>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Melco Resorts Finance Limited</name>
        <lei>5493000FQDBWKDBZEF60</lei>
        <title>MPEL 5.625 07/17/27 144A</title>
        <cusip>58547DAC3</cusip>
        <identifiers>
          <isin value="US58547DAC39"/>
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        <balance>42000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42042.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Smyrna Ready Mix Concrete LLC</name>
        <lei>549300S7RFWHQFOIOY93</lei>
        <title>SMYREA 8.875 11/15/31 144A</title>
        <cusip>83283WAE3</cusip>
        <identifiers>
          <isin value="US83283WAE30"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79725.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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      <invstOrSec>
        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 7.125 11/15/31</title>
        <cusip>682691AG5</cusip>
        <identifiers>
          <isin value="US682691AG50"/>
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        <balance>44000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45014.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>Performance Food Group Inc</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>PFGC 5.625 03/01/34 144A</title>
        <cusip>71376LAH3</cusip>
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          <isin value="US71376LAH33"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60238.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>RIG 7.875 10/15/32 144A</title>
        <cusip>893814AA1</cusip>
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          <isin value="US893814AA10"/>
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        <balance>31000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33300.94000000</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>2032-10-15</maturityDt>
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      <invstOrSec>
        <name>NGL ENERGY OPERATING LLC</name>
        <lei>5493008CQD36WWZJ3O79</lei>
        <title>NGL 8.375 02/15/32 144A</title>
        <cusip>62922LAD0</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Diversified Healthcare Trust</name>
        <lei>N/A</lei>
        <title>DHC 4.75 02/15/28</title>
        <cusip>81721MAM1</cusip>
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          <isin value="US81721MAM10"/>
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        <balance>39000.00000000</balance>
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        <valUSD>38164.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Voyager Parent LLC</name>
        <lei>2549002DYVI4ACSV4V71</lei>
        <title>EVRI 9.25 07/01/32 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>9.25000000</annualizedRt>
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      <invstOrSec>
        <name>ITT Holdings LLC</name>
        <lei>549300TH2PHOLK31LB42</lei>
        <title>INTMAT 6.5 08/01/29 144A</title>
        <cusip>45074JAA2</cusip>
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        <balance>78000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nissan Motor Co Ltd.</name>
        <lei>353800DRBDH1LUTNAY26</lei>
        <title>NSANY 7.75 07/17/32 144A</title>
        <cusip>654922AC7</cusip>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SVC 5.5 12/15/27</title>
        <cusip>81761LAB8</cusip>
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        <balance>26000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Osaic Holdings Inc.</name>
        <lei>549300XL60BDV6UW5C86</lei>
        <title>ADVGRO 6.75 08/01/32 144A</title>
        <cusip>00791GAB3</cusip>
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        <balance>69000.00000000</balance>
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        <valUSD>69680.69000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Commercial Metals Company</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
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          <isin value="US201723AV52"/>
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        <curCd>USD</curCd>
        <valUSD>73787.98000000</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>2035-12-15</maturityDt>
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      <invstOrSec>
        <name>DELEK LOGISTICS PARTNERS LP</name>
        <lei>549300UVYITDIU51P724</lei>
        <title>DKL 8.625 03/15/29 144A</title>
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          <isin value="US24665FAD42"/>
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        <balance>67000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69989.94000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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      <invstOrSec>
        <name>CSC Holdings, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 4.5 11/15/31 144a</title>
        <cusip>126307BH9</cusip>
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          <isin value="US126307BH94"/>
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        <balance>101000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60703.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Virgin Media Finance PLC</name>
        <lei>2138001LVYC87DDHT482</lei>
        <title>VMED 5 07/15/30 144A</title>
        <cusip>92769VAJ8</cusip>
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          <isin value="US92769VAJ89"/>
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        <balance>62000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52003.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Millrose Properties Inc.</name>
        <lei>N/A</lei>
        <title>MRP 6.25 09/15/32 144A</title>
        <cusip>601137AB8</cusip>
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          <isin value="US601137AB81"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50668.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MPT OPERATING PARTNERSHIP LP</name>
        <lei>WUQXXXF7PXTUPGROE843</lei>
        <title>MPW 5 10/15/27</title>
        <cusip>55342UAH7</cusip>
        <identifiers>
          <isin value="US55342UAH77"/>
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        <balance>99000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97066.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SVC 4.95 10/01/29</title>
        <cusip>44106MBB7</cusip>
        <identifiers>
          <isin value="US44106MBB72"/>
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        <balance>21000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19091.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOTHEBY'S</name>
        <lei>549300P5BAAMQQ7VL735</lei>
        <title>BID 7.375 10/15/27 144A</title>
        <cusip>835898AH0</cusip>
        <identifiers>
          <isin value="US835898AH05"/>
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        <balance>39000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38786.71000000</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>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kosmos Energy Ltd</name>
        <lei>213800YDFJ3OT9B5P157</lei>
        <title>KOS 8.75 10/01/31 144A</title>
        <cusip>500688AJ5</cusip>
        <identifiers>
          <isin value="US500688AJ56"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30222.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>CITIBANK NA</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>FIBCOP 7.2 07/18/36 144A</title>
        <cusip>683879AF7</cusip>
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          <isin value="US683879AF79"/>
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        <balance>28000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28458.46000000</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>2036-07-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.20000000</annualizedRt>
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      <invstOrSec>
        <name>Neptune BidCo US Inc.</name>
        <lei>549300VG15T3VCYZ4531</lei>
        <title>NLSN 9.29 04/15/29 144A</title>
        <cusip>640695AA0</cusip>
        <identifiers>
          <isin value="US640695AA01"/>
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        <balance>176000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>176498.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.29000000</annualizedRt>
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      <invstOrSec>
        <name>FMC Corp.</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC 5.65 05/18/33</title>
        <cusip>302491AX3</cusip>
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          <isin value="US302491AX31"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39522.69000000</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>2033-05-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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      <invstOrSec>
        <name>Millicom International Cellular SA</name>
        <lei>549300CTHC1CP86P2G96</lei>
        <title>TIGO 4.5 04/27/31 144A</title>
        <cusip>600814AR8</cusip>
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          <isin value="US600814AR85"/>
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        <balance>62000.00000000</balance>
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        <valUSD>57941.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Nissan Motor Co Ltd.</name>
        <lei>353800DRBDH1LUTNAY26</lei>
        <title>NSANY 4.81 09/17/30 144A</title>
        <cusip>654744AD3</cusip>
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          <isin value="US654744AD34"/>
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        <balance>180000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-17</maturityDt>
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          <annualizedRt>4.81000000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 4.5 05/01/32</title>
        <cusip>1248EPCN1</cusip>
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          <isin value="US1248EPCN14"/>
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        <balance>168000.00000000</balance>
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        <valUSD>153861.88000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bausch Health Companies Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 5.25 02/15/31 144A</title>
        <cusip>071734AL1</cusip>
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          <isin value="US071734AL17"/>
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        <balance>28000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18293.52000000</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Millicom International Cellular SA</name>
        <lei>549300CTHC1CP86P2G96</lei>
        <title>TIGO 7.375 04/02/32 144A</title>
        <cusip>600814AS6</cusip>
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          <isin value="US600814AS68"/>
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        <balance>24000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24848.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-02</maturityDt>
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        <name>GoEasy Limited</name>
        <lei>5493009DJVZG2P8YV435</lei>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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      <invstOrSec>
        <name>B&amp;G Foods, Inc.</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
        <title>BGS 5.25 09/15/27</title>
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          <isin value="US05508WAB19"/>
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        <curCd>USD</curCd>
        <valUSD>58531.53000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CHS/Community Health Systems Inc</name>
        <lei>5493007X5NC5XI1BB106</lei>
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          <isin value="US12543DBK54"/>
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        <curCd>USD</curCd>
        <valUSD>81727.48000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SIX FLAGS ENTERTAINMENT CORP</name>
        <lei>529900AS2CYWYFHRS781</lei>
        <title>FUN 6.625 05/01/32 144A</title>
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        <identifiers>
          <isin value="US83002YAA73"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50864.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SVC 8.625 11/15/31 144A</title>
        <cusip>81761LAC6</cusip>
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          <isin value="US81761LAC63"/>
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        <balance>49000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51579.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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      <invstOrSec>
        <name>DELEK LOGISTICS PARTNERS LP</name>
        <lei>549300UVYITDIU51P724</lei>
        <title>DKL 7.375 06/30/33 144A</title>
        <cusip>24665FAE2</cusip>
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          <isin value="US24665FAE25"/>
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        <balance>49000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50711.18000000</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>2033-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>ICAHN ENTERPRISES LP</name>
        <lei>549300T0G4GS0SINS786</lei>
        <title>IEP 10 11/15/29 144A</title>
        <cusip>451102CK1</cusip>
        <identifiers>
          <isin value="US451102CK14"/>
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        <balance>52000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51411.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>CD&amp;R Smokey Buyer Inc. / Radio Systems Corp.</name>
        <lei>N/A</lei>
        <title>PETSAF 9.5 10/15/29 144A</title>
        <cusip>12515KAA6</cusip>
        <identifiers>
          <isin value="US12515KAA60"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41103.39000000</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>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>Marriott Ownership Resorts Inc</name>
        <lei>BW4532OH033VURR0IT68</lei>
        <title>VAC 4.5 06/15/29 144A</title>
        <cusip>57164PAH9</cusip>
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          <isin value="US57164PAH91"/>
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        <balance>32000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30905.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Osaic Holdings Inc.</name>
        <lei>549300XL60BDV6UW5C86</lei>
        <title>ADVGRO 8 08/01/33 144A</title>
        <cusip>00791GAC1</cusip>
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          <isin value="US00791GAC15"/>
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        <balance>49000.00000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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        <name>PHH Escrow Issuer LLC / PHH Corp</name>
        <lei>N/A</lei>
        <title>PHHESC 9.875 11/01/29 144A</title>
        <cusip>716964AA9</cusip>
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          <isin value="US716964AA94"/>
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        <balance>39000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Kennedy Wilson Inc</name>
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        <title>KW 5 03/01/31</title>
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        <name>Millrose Properties Inc.</name>
        <lei>N/A</lei>
        <title>MRP 6.375 08/01/30 144A</title>
        <cusip>601137AA0</cusip>
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        <name>GOL FINANCE</name>
        <lei>549300FRXVB8W0960Y03</lei>
        <title>GOLLBZ 14.375 06/06/30 144A</title>
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        <invCountry>KY</invCountry>

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        <name>Advance Auto Parts Inc.</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>AAP 7.375 08/01/33 144A</title>
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        <name>StoneX Escrow Issuer LLC</name>
        <lei>N/A</lei>
        <title>SNEX 6.875 07/15/32 144A</title>
        <cusip>86189AAA7</cusip>
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          <isin value="US86189AAA79"/>
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        <balance>37000.00000000</balance>
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          <maturityDt>2032-07-15</maturityDt>
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        <name>Advance Auto Parts Inc.</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>AAP 7 08/01/30 144A</title>
        <cusip>00751YAK2</cusip>
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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>Midas Opco Holdings LLC</name>
        <lei>N/A</lei>
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        <name>Wand Newco 3 Inc</name>
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        <name>ONTARIO GAMING GTA LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Caesars Entertainment Inc.</name>
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        <name>Freedom Mortgage Holdings LLC</name>
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        <name>CHS/Community Health Systems Inc</name>
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        <name>Focus Financial Partners LLC</name>
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        <title>FOCS 6.75 09/15/31 144A</title>
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        <name>Bausch Health Companies Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Service Properties Trust</name>
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        <name>TransAlta Corporation</name>
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        <name>B&amp;G Foods, Inc.</name>
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        <title>BGS 8 09/15/28 144A</title>
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        <name>Staples, Inc.</name>
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        <name>COGENT COMMUNICATIONS GROUP LLC</name>
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        <name>CSC Holdings, LLC</name>
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        <name>AVIS BUDGET CAR RENTAL LLC</name>
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        <name>Level 3 Financing, Inc.</name>
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        <name>ICAHN ENTERPRISES LP</name>
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        <title>IEP 9 06/15/30</title>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <name>CITIBANK NA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sirius Xm Radio Inc</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
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        <name>Under Armour, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Synchrony Financial</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-02</maturityDt>
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        <name>Wayfair LLC</name>
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        <curCd>USD</curCd>
        <valUSD>68250.07000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 5.75 01/15/34 144A</title>
        <cusip>629377DC3</cusip>
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        <balance>98000.00000000</balance>
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        <valUSD>99454.42000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Neptune BidCo US Inc.</name>
        <lei>549300VG15T3VCYZ4531</lei>
        <title>NLSN 10.375 05/15/31 144A</title>
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        <balance>82000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
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        <name>Ardagh Group S A</name>
        <lei>6354006L1NWUUOPYX274</lei>
        <title>ARGID 9.5 12/01/30 144A</title>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hertz Corp.</name>
        <lei>549300PD0C69OJ0NLB27</lei>
        <title>HTZ 12.625 07/15/29 144A</title>
        <cusip>428040DC0</cusip>
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        <balance>82000.00000000</balance>
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      <invstOrSec>
        <name>Caesars Entertainment Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CZR 6.5 02/15/32 144A</title>
        <cusip>12769GAC4</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Talen Energy Supply LLC</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
        <title>TLN 6.25 02/01/34 144A</title>
        <cusip>87422VAM0</cusip>
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        <name>Bausch Health Companies Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 4.875 06/01/28 144A</title>
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        <name>QVC, Inc.</name>
        <lei>549300WBLU5NKPX5X472</lei>
        <title>QVCN 6.875 04/15/29 144A</title>
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        <name>Pennymac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PFSI 5.75 09/15/31 144A</title>
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        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 6.75 03/15/32</title>
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          <maturityDt>2032-03-15</maturityDt>
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        <name>Madison IAQ LLC</name>
        <lei>549300IXDNBXNHUPBU73</lei>
        <title>MADIAQ 5.875 06/30/29 144A</title>
        <cusip>55760LAB3</cusip>
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        <balance>69000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Encore Capital Group Inc.</name>
        <lei>5493000UVC6H49CIH830</lei>
        <title>ECPG 6.625 04/15/31 144A</title>
        <cusip>292554AS1</cusip>
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          <isin value="US292554AS19"/>
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        <valUSD>33531.63000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>iHeartCommunications Inc</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>IHRT 7.75 08/15/30 144A</title>
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        <curCd>USD</curCd>
        <valUSD>31847.47000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Newfold Digital Holdings Group Inc.</name>
        <lei>549300UTQC2651SB0W88</lei>
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          <isin value="US650929AF94"/>
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        <curCd>USD</curCd>
        <valUSD>3978.00000000</valUSD>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2029-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Venture Global Plaquemines Lng LLC</name>
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        <title>VEGLPL 6.5 06/15/34 144A</title>
        <cusip>922966AF3</cusip>
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          <isin value="US922966AF34"/>
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        <curCd>USD</curCd>
        <valUSD>78784.95000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Aston Martin Capital Holdings Ltd.</name>
        <lei>213800H4GKEF3CJ8C774</lei>
        <title>ASTONM 10 03/31/29 144A</title>
        <cusip>04625HAJ8</cusip>
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          <isin value="US04625HAJ86"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61000.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
        <lei>529900AS2CYWYFHRS781</lei>
        <title>FUN 7.25 05/15/31 144A</title>
        <cusip>83001AAD4</cusip>
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          <isin value="US83001AAD46"/>
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        <balance>56000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55016.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SVC 8.875 06/15/32</title>
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          <isin value="US81761LAE20"/>
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        <balance>38000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38173.39000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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      <invstOrSec>
        <name>Hilton Grand Vacations Borrower Escrow LLC/ Hilton Grand Vacations Borrower Escrow Inc</name>
        <lei>N/A</lei>
        <title>HGVLLC 4.875 07/01/31 144A</title>
        <cusip>43284MAB4</cusip>
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          <isin value="US43284MAB46"/>
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        <balance>29000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27312.06000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>iHeartCommunications Inc</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>IHRT 10.875 05/01/30 144A</title>
        <cusip>45174HBL0</cusip>
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          <isin value="US45174HBL06"/>
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        <balance>46000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34168.11000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Staples, Inc.</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>SPLS 12.75 01/15/30 144A</title>
        <cusip>855030AS1</cusip>
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        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 7.125 09/15/32</title>
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        <balance>42000.00000000</balance>
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          <maturityDt>2032-09-15</maturityDt>
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        <name>Crescent Energy Finance LLC</name>
        <lei>54930061FUL6DBLFUW14</lei>
        <title>CRGYFN 7.625 04/01/32 144A</title>
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        <name>AMERIGAS PARTNERS LP</name>
        <lei>H36E1IF6YS0OBMHM6168</lei>
        <title>APU 9.375 06/01/28 144A</title>
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        <name>Endo Finance Holdings Inc.</name>
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        <cusip>29281RAA7</cusip>
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        <name>Celanese US Holdings Llc</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>CE 7.05 11/15/30</title>
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        <name>W. R. Grace Holdings Llc</name>
        <lei>549300WNOVFRGYOAEB12</lei>
        <title>GRA 6.625 08/15/32 144A</title>
        <cusip>92943GAF8</cusip>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 6 01/15/36 144A</title>
        <cusip>629377DD1</cusip>
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          <maturityDt>2036-01-15</maturityDt>
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        <name>The Gap Inc.</name>
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        <name>CHS/Community Health Systems Inc</name>
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        <name>Encore Capital Group Inc.</name>
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        <name>Getty Images Inc.</name>
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        <name>Talen Energy Supply LLC</name>
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        <name>ACRISURE LLC</name>
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        <title>ACRISU 6 08/01/29 144A</title>
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        <name>Graphic Packaging International LLC</name>
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        <name>LifePoint Health, Inc</name>
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        <name>Clydesdale Acquisition Holdings Inc.</name>
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        <name>Cleveland-Cliffs Inc</name>
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        <name>Celanese US Holdings Llc</name>
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        <name>Arches Buyer Inc</name>
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        <name>Hudson Pacific Properties LP</name>
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        <name>Univision Communications Inc.</name>
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        <name>Crescent Energy Finance LLC</name>
        <lei>54930061FUL6DBLFUW14</lei>
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        <name>Cloud Software Group Inc.</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>TIBX 9 09/30/29 144A</title>
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        <name>Olympus Water US Holding Corp.</name>
        <lei>549300YU2GGVCBN3MY89</lei>
        <title>SOLEIN 7.25 02/15/33 144*</title>
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        <name>CoreWeave Inc.</name>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
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        <name>Noble Finance II LLC.</name>
        <lei>N/A</lei>
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        <name>GENMAB A/S</name>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GEO Group Inc</name>
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        <title>GEO 8.625 04/15/29</title>
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        <name>Olympus Water US Holding Corp.</name>
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        <title>SOLEIN 7.25 06/15/31 144A</title>
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        <name>Hudson Pacific Properties LP</name>
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        <name>HILCORP ENERGY I LP</name>
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        <name>DISH DBS Corporation</name>
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        <name>TransDigm, Inc.</name>
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        <name>Caesars Entertainment Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CZR 4.625 10/15/29 144A</title>
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        <name>Ziggo B.V.</name>
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        <name>OneMain Financial Corporation</name>
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        <name>DISH DBS Corporation</name>
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        <name>W. R. Grace Holdings Llc</name>
        <lei>549300WNOVFRGYOAEB12</lei>
        <title>GRA 7 08/01/33 144A</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BLH Escrow 1 LLC</name>
        <lei>N/A</lei>
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        <cusip>093536AA8</cusip>
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          <isin value="US093536AA89"/>
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        <balance>76000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20583.41000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennymac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PFSI 6.875 05/15/32 144A</title>
        <cusip>70932MAG2</cusip>
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          <isin value="US70932MAG24"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50352.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Builders Firstsource, Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BLDR 6.75 05/15/35 144A</title>
        <cusip>12008RAT4</cusip>
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          <isin value="US12008RAT41"/>
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        <balance>31000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32389.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>FMC Corp.</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC 3.45 10/01/29</title>
        <cusip>302491AU9</cusip>
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          <isin value="US302491AU91"/>
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        <balance>24000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21203.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clarivate Science Holdings Corp.</name>
        <lei>N/A</lei>
        <title>CLVTSC 4.875 07/01/29 144A</title>
        <cusip>18064PAD1</cusip>
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          <isin value="US18064PAD15"/>
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        <balance>63000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51748.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>SBGI 5.5 03/01/30 144A</title>
        <cusip>829259AY6</cusip>
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          <isin value="US829259AY67"/>
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        <balance>37000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33011.40000000</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>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 6.375 09/01/29 144A</title>
        <cusip>1248EPCS0</cusip>
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          <isin value="US1248EPCS01"/>
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        <balance>68000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68948.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Molina Healthcare, Inc.</name>
        <lei>549300NQQCEQ46YHZ591</lei>
        <title>MOH 6.25 01/15/33 144A</title>
        <cusip>60855RAM2</cusip>
        <identifiers>
          <isin value="US60855RAM25"/>
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        <balance>54000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53161.98000000</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>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Discovery Communications, LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
        <title>WBD 3.625 05/15/30 *</title>
        <cusip>25470DCC1</cusip>
        <identifiers>
          <isin value="US25470DCC11"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48562.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>SIX FLAGS ENTERTAINMENT CORP</name>
        <lei>529900AS2CYWYFHRS781</lei>
        <title>FUN 5.25 07/15/29</title>
        <cusip>150190AE6</cusip>
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        <balance>41000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39463.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>MPT OPERATING PARTNERSHIP LP</name>
        <lei>WUQXXXF7PXTUPGROE843</lei>
        <title>MPW 3.5 03/15/31</title>
        <cusip>55342UAM6</cusip>
        <identifiers>
          <isin value="US55342UAM62"/>
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        <balance>82000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62783.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>MIWD HOLDCO II LLC</name>
        <lei>254900X3SPV5RVFJEY72</lei>
        <title>MIWIDO 5.5 02/01/30 144A</title>
        <cusip>55337PAA0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CSC Holdings, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 5 11/15/31 144A</title>
        <cusip>126307BK2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>GLOBAL PARTNERS LP</name>
        <lei>549300PCHWTW9P4DU444</lei>
        <title>GLP 7.125 07/01/33 144A</title>
        <cusip>37954FAL8</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>CCO 7.875 04/01/30 144A</title>
        <cusip>18453HAF3</cusip>
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        <balance>69000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>COMMUNITY HEALTH SYSTEMS INC</name>
        <lei>549300BQWM4WENQ3YW73</lei>
        <title>CYH 10.875 01/15/32 144A</title>
        <cusip>12543DBN9</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
        <lei>549300IQ3DN0F3VERF65</lei>
        <title>TEP 6 12/31/30 144A</title>
        <cusip>87470LAJ0</cusip>
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        <balance>46000.00000000</balance>
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        <valUSD>46647.73000000</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>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CALUMET SPECIALTY PRODUCTS PARTNERS LP</name>
        <lei>529900QWK0FGLES9BA18</lei>
        <title>CLMT 9.75 02/15/31 144A</title>
        <cusip>131477BA8</cusip>
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        <balance>27000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28783.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>Waste Pro USA Inc</name>
        <lei>549300BY1QXU5BI3UF28</lei>
        <title>WASPRO 7 02/01/33 144A</title>
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          <isin value="US94107JAC71"/>
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        <balance>64000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>66767.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennymac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PFSI 6.875 02/15/33 144A</title>
        <cusip>70932MAF4</cusip>
        <identifiers>
          <isin value="US70932MAF41"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55106.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bausch Health Companies Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 11 09/30/28 144A</title>
        <cusip>071734AQ0</cusip>
        <identifiers>
          <isin value="US071734AQ04"/>
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        <balance>44000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46048.42000000</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>2028-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fortress Intermediate 3 Inc.</name>
        <lei>254900NLAZ3JQJW5JP75</lei>
        <title>PSDO 7.5 06/01/31 144A</title>
        <cusip>34966MAA0</cusip>
        <identifiers>
          <isin value="US34966MAA09"/>
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        <balance>51000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49924.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennymac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PFSI 6.75 02/15/34 144A</title>
        <cusip>70932MAH0</cusip>
        <identifiers>
          <isin value="US70932MAH07"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59376.25000000</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>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 4.25 01/15/34 144A</title>
        <cusip>1248EPCP6</cusip>
        <identifiers>
          <isin value="US1248EPCP61"/>
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        <balance>113000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98509.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITIBANK NA</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>FIBCOP 7.721 06/04/38 144A</title>
        <cusip>683879AH3</cusip>
        <identifiers>
          <isin value="US683879AH36"/>
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        <balance>39000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40376.97000000</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>2038-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.72100000</annualizedRt>
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      <invstOrSec>
        <name>ICAHN ENTERPRISES LP</name>
        <lei>549300T0G4GS0SINS786</lei>
        <title>IEP 9.75 01/15/29</title>
        <cusip>451102CF2</cusip>
        <identifiers>
          <isin value="US451102CF29"/>
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        <balance>56000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55393.46000000</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>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>Crescent Energy Finance LLC</name>
        <lei>54930061FUL6DBLFUW14</lei>
        <title>CRGYFN 7.875 04/15/32 144A</title>
        <cusip>516806AK2</cusip>
        <identifiers>
          <isin value="US516806AK23"/>
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        <balance>77000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78488.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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        <name>Crescent Energy Finance LLC</name>
        <lei>54930061FUL6DBLFUW14</lei>
        <title>CRGYFN 8.375 01/15/34 144A</title>
        <cusip>45344LAG8</cusip>
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          <isin value="US45344LAG86"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41373.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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        <name>Connect Holding II LLC</name>
        <lei>254900LCX7S2QHYUOI31</lei>
        <title>BSPEED 10.5 04/03/31 144A</title>
        <cusip>20753PAD3</cusip>
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        <balance>138000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133607.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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        <name>RHP HOTEL PROPERTIES LP</name>
        <lei>549300SJMSMA2471GA96</lei>
        <title>RHP 6.5 04/01/32 144A</title>
        <cusip>749571AK1</cusip>
        <identifiers>
          <isin value="US749571AK15"/>
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        <balance>57000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59017.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Ziggo Bond Company B.V.</name>
        <lei>213800JYI4P7V5QDOG59</lei>
        <title>ZIGGO 5.125 02/28/30 144a</title>
        <cusip>98953GAD7</cusip>
        <identifiers>
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        <balance>36000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31267.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <name>Cleveland-Cliffs Inc</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLF 6.875 11/01/29 144A</title>
        <cusip>185899AQ4</cusip>
        <identifiers>
          <isin value="US185899AQ45"/>
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        <balance>48000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49478.64000000</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>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>AMERIGAS PARTNERS LP</name>
        <lei>H36E1IF6YS0OBMHM6168</lei>
        <title>APU 9.5 06/01/30 144A</title>
        <cusip>030981AP9</cusip>
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        <balance>29000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31058.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>Builders Firstsource, Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BLDR 6.375 03/01/34 144A</title>
        <cusip>12008RAS6</cusip>
        <identifiers>
          <isin value="US12008RAS67"/>
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        <balance>91000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93845.21000000</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>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 6.75 09/15/33</title>
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        <name>MEDICAL PROPERTIES TRUST INC</name>
        <lei>254900U6E39J1MQCCY14</lei>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
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        <name>GENESIS ENERGY LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-15</maturityDt>
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        <name>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
        <title>CRK 5.875 01/15/30 144A</title>
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          <isin value="US205768AT12"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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      <invstOrSec>
        <name>GLOBAL AUTO HOLDINGS LTD</name>
        <lei>984500ADEF1BB0584352</lei>
        <title>GLOBAU 8.375 01/15/29 144A</title>
        <cusip>00033GAA3</cusip>
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          <isin value="US00033GAA31"/>
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        <balance>32000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Altice Financing S.A.</name>
        <lei>549300DIYGW8HVDF7Q17</lei>
        <title>ALTICE 5.75 08/15/29 144a</title>
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          <isin value="US02154CAH60"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
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        <name>ALTICE FRANCE HOLDING SA</name>
        <lei>5299000JVHXKJPOE6H40</lei>
        <title>SFRFP 9.5 11/01/29 144A</title>
        <cusip>02090DAA6</cusip>
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          <isin value="US02090DAA63"/>
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        <balance>106333.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108060.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
        <lei>549300IQ3DN0F3VERF65</lei>
        <title>TEP 6.75 03/15/34 144A</title>
        <cusip>87470LAM3</cusip>
        <identifiers>
          <isin value="US87470LAM37"/>
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        <balance>43000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44217.29000000</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>2034-03-15</maturityDt>
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        <name>Kosmos Energy Ltd</name>
        <lei>213800YDFJ3OT9B5P157</lei>
        <title>KOS 7.5 03/01/28 144A</title>
        <cusip>500688AD8</cusip>
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          <isin value="US500688AD86"/>
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        <balance>27000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>OI European Group B.V.</name>
        <lei>72450053F5WRDY8CDZ66</lei>
        <title>OI 4.75 02/15/30 144A</title>
        <cusip>67777LAD5</cusip>
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        <invCountry>NL</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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        <name>Olympus Water US Holding Corp.</name>
        <lei>549300YU2GGVCBN3MY89</lei>
        <title>SOLEIN 6.25 10/01/29 144A</title>
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        <name>ViaSat, Inc.</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VSAT 6.5 07/15/28 144A</title>
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        <name>CHS/Community Health Systems Inc</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CYH 5.25 05/15/30 144A</title>
        <cusip>12543DBM1</cusip>
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        <name>ANTERO MIDSTREAM PARTNERS LP</name>
        <lei>529900HFO1BDEIT4QU11</lei>
        <title>AM 5.75 10/15/33 144A</title>
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        <name>ION PLATFORM FINANCE US INC</name>
        <lei>213800FKHT3BRRKMCC89</lei>
        <title>IONPLA 7.875 09/30/32 144a</title>
        <cusip>46205QAB4</cusip>
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        <name>DISH DBS Corporation</name>
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        <title>DISH 7.375 07/01/28</title>
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        <name>Hertz Corp.</name>
        <lei>549300PD0C69OJ0NLB27</lei>
        <title>HTZ 5 12/01/29 144A</title>
        <cusip>428040DB2</cusip>
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        <balance>67000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Cleveland-Cliffs Inc</name>
        <lei>549300TM2WLI2BJMDD86</lei>
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        <valUSD>48272.15000000</valUSD>
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      <invstOrSec>
        <name>Domtar Corp.</name>
        <lei>XYSIJOU3HNVROZWNA008</lei>
        <title>UFS 6.75 10/01/28 144A</title>
        <cusip>70478JAA2</cusip>
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          <isin value="US70478JAA25"/>
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        <curCd>USD</curCd>
        <valUSD>34236.23000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Clydesdale Acquisition Holdings Inc.</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>NOVHOL 6.875 01/15/30 144A</title>
        <cusip>18972EAC9</cusip>
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          <isin value="US18972EAC93"/>
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        <curCd>USD</curCd>
        <valUSD>34563.72000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WarnerMedia Holdings Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WBD 4.279 03/15/32 *</title>
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          <isin value="US55903VBQ59"/>
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        <balance>201000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>184920.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.27900000</annualizedRt>
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      <invstOrSec>
        <name>Burford Capital Global Finance LLC</name>
        <lei>549300JVAOO67CSCH406</lei>
        <title>BURLN 8.5 01/15/34 144A</title>
        <cusip>12116LAJ8</cusip>
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          <isin value="US12116LAJ89"/>
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        <balance>47000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46114.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>GEO Group Inc</name>
        <lei>54930024XOXET7NQVZ63</lei>
        <title>GEO 10.25 04/15/31</title>
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          <isin value="US36162JAH95"/>
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        <balance>32000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34381.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.25000000</annualizedRt>
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      <invstOrSec>
        <name>SCIH Salt Holdings Inc.</name>
        <lei>N/A</lei>
        <title>MORTON 6.625 05/01/29 144A</title>
        <cusip>78433BAB4</cusip>
        <identifiers>
          <isin value="US78433BAB45"/>
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        <balance>59000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58900.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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        <name>Eldorado International Finance GMBH</name>
        <lei>2549002HQE45WFK9EY03</lei>
        <title>ECELUP 8.5 12/01/32 144A</title>
        <cusip>284697AC3</cusip>
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          <isin value="US284697AC38"/>
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        <balance>34000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35394.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 4.75 02/01/32 144A</title>
        <cusip>1248EPCQ4</cusip>
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          <isin value="US1248EPCQ45"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69799.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>CHS/Community Health Systems Inc</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CYH 6.125 04/01/30 144A</title>
        <cusip>12543DBL3</cusip>
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          <isin value="US12543DBL38"/>
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        <balance>122000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>107987.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <name>VMED O2 UK Financing I PLC</name>
        <lei>213800MRR46ECNGZ7L69</lei>
        <title>VMED 6.75 01/15/33 144A</title>
        <cusip>92858RAE0</cusip>
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        <balance>59000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55973.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>HILCORP ENERGY I LP</name>
        <lei>549300ITPIHLG0LHEC09</lei>
        <title>HILCRP 6.25 04/15/32 144A</title>
        <cusip>431318AZ7</cusip>
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          <isin value="US431318AZ78"/>
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        <balance>24000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23369.31000000</valUSD>
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        <name>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
        <title>CRK 6.75 03/01/29 144A</title>
        <cusip>205768AS3</cusip>
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        <name>GENESIS ENERGY LP</name>
        <lei>549300VJ5D6MDK138782</lei>
        <title>GEL 7.875 05/15/32</title>
        <cusip>37185LAQ5</cusip>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
        <lei>549300IQ3DN0F3VERF65</lei>
        <title>TEP 7.375 02/15/29 144A</title>
        <cusip>87470LAL5</cusip>
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          <maturityDt>2029-02-15</maturityDt>
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        <name>Celanese US Holdings Llc</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>CE 7.375 02/15/34</title>
        <cusip>15089QBD5</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Velocity Commercial Capital LLC</name>
        <lei>549300TA4MQM8WN2XG31</lei>
        <title>VEL 9.375 02/15/31 144A</title>
        <cusip>92259RAE5</cusip>
        <identifiers>
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        <balance>34000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34495.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Seaspan Corporation</name>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
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        <name>Altice France SAS</name>
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          <maturityDt>2030-10-15</maturityDt>
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        <name>Advance Auto Parts Inc.</name>
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        <name>INEOS Finance PLC</name>
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        <name>FERRELLGAS ESCROW LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CT Trust</name>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-03</maturityDt>
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        <name>The Chemours Company LLC</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>CC 8 01/15/33 144A</title>
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        <name>MEDCO CYPRESS TREE PTE LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>American Axle &amp; Manufacturing, Inc.</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
        <title>AXL 5 10/01/29</title>
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        <name>Navient Corporation</name>
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        <name>Burford Capital Global Finance LLC</name>
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        <name>Mercer International Inc.</name>
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        <name>Comstock Resources, Inc.</name>
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        <name>MICHAELS COMPANIES INC (THE)</name>
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        <name>Uniti Service LLC / Uniti Fiber Holdings Inc. / Uniti Group Finance 2019 Inc. / CSL Capital LLC</name>
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        <name>Nordstrom, Inc.</name>
        <lei>549300S3IZB5P35KNV16</lei>
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        <name>Navient Corporation</name>
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        <name>Weatherford International Ltd Bermuda</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Select Medical Corporation</name>
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        <name>Directv Financing LLC/Directv Financing Co-Obligor Inc.</name>
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        <name>Radiology Partners Inc.</name>
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        <name>Hawaiian Electric Company, Inc.</name>
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        <name>HILCORP ENERGY I LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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        <name>Newell Brands Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NWL 6.375 09/15/27</title>
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        <name>Northern Oil And Gas, Inc.</name>
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        <name>Rakuten Group Inc.</name>
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        <invCountry>JP</invCountry>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
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        <name>LGI Homes Inc</name>
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        <title>LGIH 8.75 12/15/28 144A</title>
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        <name>Newell Brands Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NWL 6.625 09/15/29</title>
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        <name>HERBALIFE INTERNATIONAL INC</name>
        <lei>ST81INWBFR1E54KGC135</lei>
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        <name>Magnera Corp.</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>MAGN 7.25 11/15/31 144A</title>
        <cusip>55939AAA5</cusip>
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        <name>Vedanta Resources Finance II PLC</name>
        <lei>8945002DGA3BBXO3N634</lei>
        <title>VEDLN 9.125 10/15/32 144A</title>
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        <issuerCat>CORP</issuerCat>
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        <name>Mineral Resources Ltd.</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINAU 7 04/01/31 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITI SERVICES LLC</name>
        <lei>549300KT9GVEBYCD2N29</lei>
        <title>UNIT 7.5 10/15/33 144A</title>
        <cusip>97382BAB5</cusip>
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          <isin value="US97382BAB53"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ADT Security Corp.</name>
        <lei>5493009JEEDYLVRA0J13</lei>
        <title>ADT 5.875 10/15/33 144A</title>
        <cusip>00109LAB9</cusip>
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        <balance>59000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Talos Prodtn Inc</name>
        <lei>549300GZ2DZZE2Y8TX15</lei>
        <title>TALO 9.375 02/01/31 144A</title>
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          <isin value="US87485LAE48"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42586.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nova Securitisation S.a r.l.</name>
        <lei>636700QG9R13IDZO4Y16</lei>
        <title>SBSPAB 6.5 02/03/36 144A</title>
        <cusip>66984FAB3</cusip>
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          <isin value="US66984FAB31"/>
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        <balance>34000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33306.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Consolidated Energy Finance S.A.</name>
        <lei>549300PUNIS0USNSL750</lei>
        <title>CONSEN 5.625 10/15/28 144a</title>
        <cusip>20914UAF3</cusip>
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          <isin value="US20914UAF30"/>
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        <balance>46000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38697.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>LVLT 4.875 06/15/29 144A</title>
        <cusip>527298CB7</cusip>
        <identifiers>
          <isin value="US527298CB73"/>
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        <balance>8000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7710.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Altice France SAS</name>
        <lei>5493001ZMCICV4N02J21</lei>
        <title>SFRFP 6.5 04/15/32 144A</title>
        <cusip>02090DAD0</cusip>
        <identifiers>
          <isin value="US02090DAD03"/>
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        <balance>104035.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99734.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SVC 4.375 02/15/30</title>
        <cusip>44106MAY8</cusip>
        <identifiers>
          <isin value="US44106MAY84"/>
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        <balance>31000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27482.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Accendra Health Inc.</name>
        <lei>549300LMT5KQQXCEZ733</lei>
        <title>ACH 6.625 04/01/30 144A</title>
        <cusip>690732AG7</cusip>
        <identifiers>
          <isin value="US690732AG70"/>
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        <balance>41000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19763.16000000</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>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>SBGI 9.75 02/15/33 144A</title>
        <cusip>829259BG4</cusip>
        <identifiers>
          <isin value="US829259BG43"/>
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        <balance>39000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43387.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
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      <invstOrSec>
        <name>GLOBAL AUTO HOLDINGS LTD</name>
        <lei>984500ADEF1BB0584352</lei>
        <title>GLOBAU 8.75 01/15/32 144A</title>
        <cusip>00033GAB1</cusip>
        <identifiers>
          <isin value="US00033GAB14"/>
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        <balance>41000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37995.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 5.875 03/15/34 144A</title>
        <cusip>86765KAG4</cusip>
        <identifiers>
          <isin value="US86765KAG40"/>
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        <balance>56000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56251.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>ICAHN ENTERPRISES LP</name>
        <lei>549300T0G4GS0SINS786</lei>
        <title>IEP 4.375 02/01/29</title>
        <cusip>451102CC9</cusip>
        <identifiers>
          <isin value="US451102CC97"/>
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        <balance>52000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44361.39000000</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>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Blue Racer Midstream, LLC / Blue Racer Finance Corp</name>
        <lei>N/A</lei>
        <title>BLURAC 7.25 07/15/32 144A</title>
        <cusip>095796AK4</cusip>
        <identifiers>
          <isin value="US095796AK46"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42334.24000000</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>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <name>CQP HOLDCO LP</name>
        <lei>549300LPL012JY5D4B69</lei>
        <title>BLKCQP 5.5 06/15/31</title>
        <cusip>12657NAA8</cusip>
        <identifiers>
          <isin value="US12657NAA81"/>
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        <balance>102000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101799.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Park River Holdings Inc</name>
        <lei>254900PGY077KWCROT75</lei>
        <title>PRIMBP 8 03/15/31 144A</title>
        <cusip>70082LAC1</cusip>
        <identifiers>
          <isin value="US70082LAC19"/>
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        <balance>54000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54389.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Uniti Service LLC / Uniti Fiber Holdings Inc. / Uniti Group Finance 2019 Inc. / CSL Capital LLC</name>
        <lei>N/A</lei>
        <title>UNIT 8.625 06/15/32 Feb</title>
        <cusip>91327CAA6</cusip>
        <identifiers>
          <isin value="US91327CAA62"/>
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        <balance>69000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70038.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Goodyear Tire &amp; Rubber Co. The</name>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GLOBAL PARTNERS LP</name>
        <lei>549300PCHWTW9P4DU444</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Burford Capital Global Finance LLC</name>
        <lei>549300JVAOO67CSCH406</lei>
        <title>BURLN 9.25 07/01/31 144A</title>
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          <isin value="US12116LAE92"/>
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        <balance>39000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
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      <invstOrSec>
        <name>Navient Corporation</name>
        <lei>54930067J0ZNOEBRW338</lei>
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          <isin value="US63938CAN83"/>
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        <curCd>USD</curCd>
        <valUSD>34464.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-25</maturityDt>
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      <invstOrSec>
        <name>Vedanta Resources Finance II PLC</name>
        <lei>8945002DGA3BBXO3N634</lei>
        <title>VEDLN 9.475 07/24/30 144A</title>
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          <isin value="US92243XAM39"/>
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        <curCd>USD</curCd>
        <valUSD>37974.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-24</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WBI Operations LLC</name>
        <lei>254900A83461EGRMOV11</lei>
        <title>WBI 6.5 10/15/33 144A</title>
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          <isin value="US92944BAB71"/>
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        <balance>52000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52874.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Venture Global Calcasieu Pass LLC</name>
        <lei>549300GKHS6RS20NLH85</lei>
        <title>VENTGL 3.875 11/01/33 144A</title>
        <cusip>92328MAC7</cusip>
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          <isin value="US92328MAC73"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71253.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>Team Health Holdings Inc.</name>
        <lei>549300PVTQ4UDTTMQT11</lei>
        <title>TMH 8.375 06/30/28 144A</title>
        <cusip>87817AAE7</cusip>
        <identifiers>
          <isin value="US87817AAE73"/>
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        <balance>23000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23169.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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      <invstOrSec>
        <name>Sabre Financial Borrower LLC</name>
        <lei>N/A</lei>
        <title>SABHLD 11.125 06/15/29 144A</title>
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          <isin value="US78573XAA81"/>
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        <balance>73000.00000000</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>2029-06-15</maturityDt>
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      <invstOrSec>
        <name>Cloud Software Group Inc.</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>TIBX 6.625 08/15/33 144A</title>
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          <isin value="US18912UAG76"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
        <title>AXL 7.75 10/15/33 144A</title>
        <cusip>02406PBD1</cusip>
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        <name>Trivium Packaging Finance BV</name>
        <lei>724500GMZWW3PVYET548</lei>
        <title>TRIVIU 8.25 07/15/30 144A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <name>Park River Holdings Inc</name>
        <lei>254900PGY077KWCROT75</lei>
        <title>PRIMBP 8.75 12/31/30 144A</title>
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        <name>ORGANON &amp; CO</name>
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        <name>Stena International SA</name>
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        <invCountry>LU</invCountry>

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        <name>Studio City Finance Limited</name>
        <lei>254900D6R731QAUIG324</lei>
        <title>STCITY 6.5 01/15/28 144A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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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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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Accendra Health Inc.</name>
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        <name>Altice France SAS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TKC Holdings Inc.</name>
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          <maturityDt>2030-08-15</maturityDt>
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        <name>ViaSat, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-30</maturityDt>
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        <name>LGI Homes Inc</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Xerox Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
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        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>SBGI 8.125 02/15/33 144A</title>
        <cusip>829259BH2</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
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        <name>California Resources Corporation</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>CRC 7 01/15/34 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
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        <name>Mercer International Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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        <name>Goodyear Tire &amp; Rubber Co. The</name>
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        <title>GT 5.625 04/30/33</title>
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        <fairValLevel>2</fairValLevel>
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        <name>WBI Operations LLC</name>
        <lei>254900A83461EGRMOV11</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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        <name>UNITI SERVICES LLC</name>
        <lei>549300KT9GVEBYCD2N29</lei>
        <title>WIN 8.25 10/01/31 144A</title>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <name>Molina Healthcare, Inc.</name>
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        <name>Vedanta Resources Finance II PLC</name>
        <lei>8945002DGA3BBXO3N634</lei>
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        <name>ALTICE FRANCE SAS</name>
        <lei>5493001ZMCICV4N02J21</lei>
        <title>SFRFP 10 01/15/33 144A</title>
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        <name>Garda World Security Corporation</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>GWCN 6 06/01/29 144A</title>
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        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>Century Communities Inc</name>
        <lei>5299002QMB2O7ZL1CA26</lei>
        <title>CCS 6.625 09/15/33 144A</title>
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        <name>Stena International SA</name>
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        <name>Xerox Corp.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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        <name>Kaiser Aluminium Corporation</name>
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          <isin value="US483007AM21"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
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        <name>Hudson Pacific Properties LP</name>
        <lei>5493007NTUGLGZ8T3526</lei>
        <title>HPP 3.95 11/01/27</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>Sable International Finance Limited</name>
        <lei>2138009IE9A35LO5JS73</lei>
        <title>CWCLN 7.125 10/15/32 144A</title>
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          <isin value="US785712AK68"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-15</maturityDt>
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      <invstOrSec>
        <name>Sirius Xm Radio Inc</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>SIRI 4.125 07/01/30 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Celanese US Holdings Llc</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>CE 7.33 07/15/29</title>
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        <name>Rithm Capital Corp.</name>
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        <title>RITM 8 04/01/29 144A</title>
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        <name>CVR Energy Inc.</name>
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        <title>CVI 7.5 02/15/31 144A</title>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <name>HILCORP ENERGY I LP</name>
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        <title>HILCRP 6 02/01/31 144A</title>
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        <name>HOWARD HUGHES CORP (THE)</name>
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        <title>HHH 6.125 03/01/34 144A</title>
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        <name>Marriott Ownership Resorts Inc</name>
        <lei>BW4532OH033VURR0IT68</lei>
        <title>VAC 6.5 10/01/33 144A</title>
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        <name>Wayfair LLC</name>
        <lei>549300CTUWTZGOXMYI40</lei>
        <title>W 6.75 11/15/32 144A</title>
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        <name>The Scotts Miracle-Gro Company</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>SMG 4.375 02/01/32</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRA Group Inc.</name>
        <lei>549300Q5HW3JSSB86K27</lei>
        <title>PRAA 8.875 01/31/30 144A</title>
        <cusip>69354NAF3</cusip>
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          <isin value="US69354NAF33"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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      <invstOrSec>
        <name>AVIS BUDGET CAR RENTAL LLC</name>
        <lei>XN8R4HH1TVC1XOCL5P21</lei>
        <title>CAR 8 02/15/31 144A</title>
        <cusip>053773BH9</cusip>
        <identifiers>
          <isin value="US053773BH95"/>
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        <balance>48000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47614.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>ASURION LLC</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>ASUCOR 8.375 02/01/34 144A</title>
        <cusip>045941AB7</cusip>
        <identifiers>
          <isin value="US045941AB79"/>
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        <balance>223000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>222060.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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      <invstOrSec>
        <name>Newfold Digital Holdings Group Inc.</name>
        <lei>549300UTQC2651SB0W88</lei>
        <title>EIGI 11.75 04/30/29 144@</title>
        <cusip>650929AE2</cusip>
        <identifiers>
          <isin value="US650929AE20"/>
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        <balance>1950.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1706.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Newell Brands Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NWL 8.5 06/01/28 144A</title>
        <cusip>651229BG0</cusip>
        <identifiers>
          <isin value="US651229BG06"/>
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        <balance>66000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69507.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Acadia Healthcare Company, Inc.</name>
        <lei>5493005CW985Y9D0NC11</lei>
        <title>ACHC 5 04/15/29 144A</title>
        <cusip>00404AAP4</cusip>
        <identifiers>
          <isin value="US00404AAP49"/>
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        <balance>38000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37250.92000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Kronos Acquisition Holdings Inc</name>
        <lei>N/A</lei>
        <title>KIKCN 10.75 06/30/32 144A</title>
        <cusip>50106GAJ1</cusip>
        <identifiers>
          <isin value="US50106GAJ13"/>
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        <balance>28000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12269.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREAT CANADIAN GAMING CORP</name>
        <lei>549300FU60SSFLTE0M84</lei>
        <title>GCCN 8.75 11/15/29 144A</title>
        <cusip>389925AA6</cusip>
        <identifiers>
          <isin value="US389925AA64"/>
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        <balance>36000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36618.44000000</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>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>Directv Financing LLC/Directv Financing Co-Obligor Inc.</name>
        <lei>N/A</lei>
        <title>DTV 8.875 02/01/30 144A</title>
        <cusip>25461LAB8</cusip>
        <identifiers>
          <isin value="US25461LAB80"/>
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        <balance>56000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56117.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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      <invstOrSec>
        <name>Prime Healthcare Services Inc</name>
        <lei>N/A</lei>
        <title>PRIHEA 9.375 09/01/29 144A</title>
        <cusip>74165HAC2</cusip>
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          <isin value="US74165HAC25"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94078.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
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      <invstOrSec>
        <name>1261229 Bc Ltd.</name>
        <lei>N/A</lei>
        <title>BHCCN 10 04/15/32 144A</title>
        <cusip>68288AAA5</cusip>
        <identifiers>
          <isin value="US68288AAA51"/>
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        <balance>402000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>416073.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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        <name>Global Medical Response Incorporated</name>
        <lei>549300ZFWD4ZFCEJCQ87</lei>
        <title>AIMEGR 7.375 10/01/32 144A</title>
        <cusip>37960BAD7</cusip>
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          <isin value="US37960BAD73"/>
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        <balance>64000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67041.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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        <name>Vedanta Resources Finance II PLC</name>
        <lei>8945002DGA3BBXO3N634</lei>
        <title>VEDLN 11.25 12/03/31 144A</title>
        <cusip>92243XAK7</cusip>
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          <isin value="US92243XAK72"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-03</maturityDt>
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        <name>Brandywine Operating Partnership L.P.</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>BDN 8.875 04/12/29</title>
        <cusip>105340AS2</cusip>
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          <isin value="US105340AS20"/>
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        <balance>39000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41462.97000000</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>2029-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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      <invstOrSec>
        <name>Mohegan Escrow Issuer LLC</name>
        <lei>N/A</lei>
        <title>MOHEGN 11.875 04/15/31 144A</title>
        <cusip>60832QAB6</cusip>
        <identifiers>
          <isin value="US60832QAB68"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47736.99000000</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>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.87500000</annualizedRt>
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      <invstOrSec>
        <name>Metinvest B.V.</name>
        <lei>635400TMCKVEU87EJ582</lei>
        <title>METINV 7.75 10/17/29 144A</title>
        <cusip>591555AF4</cusip>
        <identifiers>
          <isin value="US591555AF42"/>
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        <balance>38000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34130.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bausch Health Companies Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 5 01/30/28 144A</title>
        <cusip>071734AH0</cusip>
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          <isin value="US071734AH05"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30478.70000000</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>2028-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Alpha Generation LLC</name>
        <lei>254900K5V62L4YGVKF49</lei>
        <title>ALPGEN 6.25 01/15/34 144A</title>
        <cusip>02073LAC5</cusip>
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          <isin value="US02073LAC54"/>
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        <balance>54000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54870.05000000</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>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 6.625 08/15/32 144A</title>
        <cusip>86765KAL3</cusip>
        <identifiers>
          <isin value="US86765KAL35"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46602.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Harvest Midstream I LP</name>
        <lei>549300DW5M17KJOXCY66</lei>
        <title>HARMID 7.5 05/15/32 144A</title>
        <cusip>417558AB9</cusip>
        <identifiers>
          <isin value="US417558AB90"/>
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        <balance>42000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43622.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rithm Capital Corp.</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>RITM 8 07/15/30 144A</title>
        <cusip>64828TAC6</cusip>
        <identifiers>
          <isin value="US64828TAC62"/>
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        <balance>47000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47254.98000000</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>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Uniti Service LLC/ Uniti Group Finance 2019 Inc/CSL Capital LLC</name>
        <lei>N/A</lei>
        <title>UNIT 6.5 02/15/29 144A</title>
        <cusip>91327BAA8</cusip>
        <identifiers>
          <isin value="US91327BAA89"/>
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        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>82744.30000000</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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Forvia SE</name>
        <lei>969500F0VMZLK2IULV85</lei>
        <title>EOFP 6.75 09/15/33 144A</title>
        <cusip>31209DAC9</cusip>
        <identifiers>
          <isin value="US31209DAC92"/>
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        <balance>47000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48441.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kohl's Corp.</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
        <title>KSS 3.375 05/01/31</title>
        <cusip>500255AX2</cusip>
        <identifiers>
          <isin value="US500255AX28"/>
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        <balance>39000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33029.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Newfold Digital Holdings Group Inc.</name>
        <lei>549300UTQC2651SB0W88</lei>
        <title>EIGI 11.75 04/30/29 144A</title>
        <cusip>650929AD4</cusip>
        <identifiers>
          <isin value="US650929AD47"/>
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        <balance>24000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12240.00000000</valUSD>
        <pctVal>0.030595810706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cornerstone Building Brands Inc</name>
        <lei>549300IW41QEWQ6T0H29</lei>
        <title>CNR 9.5 08/15/29 144A</title>
        <cusip>21925DAB5</cusip>
        <identifiers>
          <isin value="US21925DAB55"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21835.97000000</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>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Truist Insurance Holdings LLC &amp; Panther Co-Issuer Inc.</name>
        <lei>N/A</lei>
        <title>TIHLLC 7.125 06/01/31 144A</title>
        <cusip>69867RAA5</cusip>
        <identifiers>
          <isin value="US69867RAA59"/>
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        <balance>191000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>194451.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>PBF HOLDING CO LLC</name>
        <lei>549300TILVIIV9FLL461</lei>
        <title>PBFENE 7.875 09/15/30 144A</title>
        <cusip>69318FAL2</cusip>
        <identifiers>
          <isin value="US69318FAL22"/>
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        <balance>39000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39161.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSC Holdings, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 4.625 12/01/30 144a</title>
        <cusip>126307BD8</cusip>
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          <isin value="US126307BD80"/>
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        <balance>156000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57884.61000000</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>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Altice Financing S.A.</name>
        <lei>549300DIYGW8HVDF7Q17</lei>
        <title>ALTICE 5 01/15/28 144A</title>
        <cusip>02154CAF0</cusip>
        <identifiers>
          <isin value="US02154CAF05"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56449.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Motion Finco S A R L</name>
        <lei>2549002L1LBQZKA7UN30</lei>
        <title>MERLLN 8.375 02/15/32 144A</title>
        <cusip>61980LAB5</cusip>
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          <isin value="US61980LAB53"/>
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        <balance>34000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27139.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ihs Holding Limited</name>
        <lei>213800CLGMKL63VKTD94</lei>
        <title>IHS 8.25 11/29/31 144A</title>
        <cusip>44963HAD7</cusip>
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          <isin value="US44963HAD70"/>
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        <balance>38000.00000000</balance>
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        <valUSD>40510.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>U S Acute Care Solutions LLC</name>
        <lei>N/A</lei>
        <title>USACUT 9.75 05/15/29 144A</title>
        <cusip>90367UAD3</cusip>
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          <isin value="US90367UAD37"/>
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        <balance>67000.00000000</balance>
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        <valUSD>67104.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
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      <invstOrSec>
        <name>ENFRAGEN CHILE SPA</name>
        <lei>5493003ME0392SW30U44</lei>
        <title>ENFRAG 5.375 12/30/30 144A</title>
        <cusip>29280LAA1</cusip>
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          <isin value="US29280LAA17"/>
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        <balance>49000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46278.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>MPH Acquisition Holdings LLC</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MLTPLN 5.75 12/31/30 144A</title>
        <cusip>553283AG7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>ACRISURE LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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        <name>ASURION LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMC Networks Inc</name>
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        <title>AMCX 10.25 01/15/29 144A</title>
        <cusip>00164VAG8</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.25000000</annualizedRt>
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      <invstOrSec>
        <name>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST 6.5 03/15/36 144A</title>
        <cusip>737446AY0</cusip>
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        <balance>101000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102834.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Wayfair LLC</name>
        <lei>549300CTUWTZGOXMYI40</lei>
        <title>W 7.75 09/15/30 144A</title>
        <cusip>94419NAB3</cusip>
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          <isin value="US94419NAB38"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42092.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 4.25 02/01/31 144A</title>
        <cusip>1248EPCK7</cusip>
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          <isin value="US1248EPCK74"/>
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        <balance>132000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>123131.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Neptune BidCo US Inc.</name>
        <lei>549300VG15T3VCYZ4531</lei>
        <title>NLSN 9.5 02/15/33 144A</title>
        <cusip>640695AD4</cusip>
        <identifiers>
          <isin value="US640695AD40"/>
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        <balance>101000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98984.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>Navient Corporation</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVI 5.5 03/15/29</title>
        <cusip>63938CAM0</cusip>
        <identifiers>
          <isin value="US63938CAM01"/>
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        <balance>61000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57021.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Nordstrom, Inc.</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>JWN 4.375 04/01/30</title>
        <cusip>655664AT7</cusip>
        <identifiers>
          <isin value="US655664AT70"/>
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        <balance>23000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22164.38000000</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>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <name>Virgin Media Secured Finance PLC</name>
        <lei>213800X3RLP4NOTPY579</lei>
        <title>VMED 5.5 05/15/29 144A</title>
        <cusip>92769XAP0</cusip>
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        <balance>100000.00000000</balance>
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        <valUSD>97158.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>LifePoint Health, Inc</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>RGCARE 10 06/01/32 144A</title>
        <cusip>53219LAX7</cusip>
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          <isin value="US53219LAX73"/>
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        <balance>54000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>Smyrna Ready Mix Concrete LLC</name>
        <lei>549300S7RFWHQFOIOY93</lei>
        <title>SMYREA 6 11/01/28 144A</title>
        <cusip>85236FAA1</cusip>
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          <isin value="US85236FAA12"/>
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        <balance>71000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>The Scotts Miracle-Gro Company</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>SMG 4 04/01/31</title>
        <cusip>810186AX4</cusip>
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        <balance>35000.00000000</balance>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOWDEN UK REFINANCE 2 PLC</name>
        <lei>875500O63ODR8S3K5X33</lei>
        <title>HWDGRP 8.125 02/15/32 144A</title>
        <cusip>44287DAA1</cusip>
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          <isin value="US44287DAA19"/>
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        <balance>97000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Goodyear Tire &amp; Rubber Co. The</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GT 5.25 07/15/31</title>
        <cusip>382550BR1</cusip>
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      <invstOrSec>
        <name>Hilton Grand Vacations Borrower Escrow LLC/ Hilton Grand Vacations Borrower Escrow Inc</name>
        <lei>N/A</lei>
        <title>HGVLLC 5 06/01/29 144A</title>
        <cusip>43284MAA6</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Archrock Services LP / Archrock Partners Finance Corp.</name>
        <lei>N/A</lei>
        <title>AROC 6 02/01/34 144A</title>
        <cusip>03958CAA7</cusip>
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        <balance>62000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ContourGlobal Power Holdings S.A.</name>
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        <curCd>USD</curCd>
        <valUSD>29906.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-28</maturityDt>
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      <invstOrSec>
        <name>Snap Inc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PBF HOLDING CO LLC</name>
        <lei>549300TILVIIV9FLL461</lei>
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        <cusip>69318FAM0</cusip>
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          <isin value="US69318FAM05"/>
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        <balance>46000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Mohegan Escrow Issuer LLC</name>
        <lei>N/A</lei>
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          <isin value="US60832QAA85"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RHP HOTEL PROPERTIES LP</name>
        <lei>549300SJMSMA2471GA96</lei>
        <title>RHP 6.5 06/15/33 144A</title>
        <cusip>749571AL9</cusip>
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          <isin value="US749571AL97"/>
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        <balance>44000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45732.72000000</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>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Northern Oil And Gas, Inc.</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
        <title>NOG 8.75 06/15/31 144A</title>
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        <balance>24000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25057.53000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST 6.25 10/15/34 144A</title>
        <cusip>737446AX2</cusip>
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          <isin value="US737446AX26"/>
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        <balance>29000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29639.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 6.25 11/01/34 144A</title>
        <cusip>629377CX8</cusip>
        <identifiers>
          <isin value="US629377CX83"/>
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        <balance>106000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109677.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Ihs Holding Limited</name>
        <lei>213800CLGMKL63VKTD94</lei>
        <title>IHS 7.875 05/29/30 144A</title>
        <cusip>44963HAC9</cusip>
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          <isin value="US44963HAC97"/>
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        <balance>41000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42988.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>R.R. Donnelley &amp; Sons Co.</name>
        <lei>SU4X0P4WWRGOQDTSV032</lei>
        <title>RRD 9.5 08/01/29 144A</title>
        <cusip>257867BJ9</cusip>
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        <balance>67000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69103.73000000</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>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>Studio City Finance Limited</name>
        <lei>254900D6R731QAUIG324</lei>
        <title>STCITY 5 01/15/29 144A</title>
        <cusip>86389QAG7</cusip>
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          <isin value="US86389QAG73"/>
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        <balance>77000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74516.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Xerox Holdings Corporation</name>
        <lei>5493000Y33XDVO2CXC18</lei>
        <title>XRX 8.875 11/30/29 144A</title>
        <cusip>98421MAC0</cusip>
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          <isin value="US98421MAC01"/>
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        <balance>42000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12192.47000000</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>2029-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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        <name>JETBLUE AIRWAYS CORP</name>
        <lei>54930070J9H97ZO93T57</lei>
        <title>JBLU 9.875 09/20/31 144A</title>
        <cusip>476920AA1</cusip>
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          <isin value="US476920AA15"/>
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        <curCd>USD</curCd>
        <valUSD>140366.81000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-20</maturityDt>
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        <name>Harvest Midstream I LP</name>
        <lei>549300DW5M17KJOXCY66</lei>
        <title>HARMID 7.5 09/01/28 144A</title>
        <cusip>417558AA1</cusip>
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          <isin value="US417558AA18"/>
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        <balance>50000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>AVIS BUDGET CAR RENTAL LLC</name>
        <lei>XN8R4HH1TVC1XOCL5P21</lei>
        <title>CAR 5.375 03/01/29 144A</title>
        <cusip>053773BF3</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ION PLATFORM FINANCE US INC</name>
        <lei>213800FKHT3BRRKMCC89</lei>
        <title>IONPLA 5.75 05/15/28 144A</title>
        <cusip>46206AAA0</cusip>
        <identifiers>
          <isin value="US46206AAA07"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42207.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Cogent Communications Group LLC</name>
        <lei>549300KFWFYF8Q1U0Y26</lei>
        <title>CCOI 7 06/15/27 144A</title>
        <cusip>19240CAE3</cusip>
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        <balance>32000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31438.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Newell Brands Inc.</name>
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        <name>CSC Holdings, LLC</name>
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        <name>Directv Financing LLC/Directv Financing Co-Obligor Inc.</name>
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        <name>National Mentor Holdings Inc</name>
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        <name>Alpha Generation LLC</name>
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        <name>Kronos Acquisition Holdings Inc</name>
        <lei>N/A</lei>
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        <name>Snap Inc</name>
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        <name>Xerox Holdings Corporation</name>
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        <name>ALLIANT HOLDINGS INTERMEDIATE LLC</name>
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        <name>ACRISURE LLC</name>
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        <name>Travel Plus Leisure Co</name>
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        <name>LBM Acquisition LLC</name>
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        <name>Bausch Health Companies Inc.</name>
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        <name>Tenneco LLC</name>
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        <title>TENINC 8 11/17/28 144A</title>
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        <name>Service Properties Trust</name>
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        <title>SVC 3.95 01/15/28</title>
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        <name>PBF HOLDING CO LLC</name>
        <lei>549300TILVIIV9FLL461</lei>
        <title>PBFENE 6 02/15/28</title>
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        <name>R.R. Donnelley &amp; Sons Co.</name>
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        <name>Consolidated Energy Finance S.A.</name>
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        <name>Bread Financial Holdings Inc</name>
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        <name>Ihs Holding Limited</name>
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        <name>Raven Acquisition Holding LLC</name>
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        <name>Newell Brands Inc.</name>
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        <name>Acadia Healthcare Company, Inc.</name>
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        <name>AVIS BUDGET CAR RENTAL LLC</name>
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        <name>Virgin Media Secured Finance PLC</name>
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        <name>Vedanta Resources Finance II PLC</name>
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        <name>ACRISURE LLC</name>
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        <name>Bausch Health Companies Inc.</name>
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        <name>CSC Holdings, LLC</name>
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        <name>Nova Securitisation S.a r.l.</name>
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        <name>Nissan Motor Acceptance Co LLC</name>
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        <name>ANYWHERE REAL ESTATE GROUP LLC</name>
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        <title>HOUS 7 04/15/30 144A</title>
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        <name>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST 6.375 03/01/33 144A</title>
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        <name>The Chemours Company LLC</name>
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        <name>Tronox Incorporated</name>
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        <name>Adapthealth Llc</name>
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        <name>Tronox Incorporated</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gray Media Inc.</name>
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        <title>GTN 4.75 10/15/30 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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      <invstOrSec>
        <name>Energizer Holdings Inc</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-31</maturityDt>
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        <name>Trivium Packaging Finance BV</name>
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        <curCd>USD</curCd>
        <valUSD>33056.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>Saavi Energia S.a.r.l.</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-10</maturityDt>
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        <name>Brand Industrial Services Inc.</name>
        <lei>549300B658W2BPDQMW42</lei>
        <title>BRANDI 10.375 08/01/30 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>INEOS Finance PLC</name>
        <lei>2138002D68XDR4LZCG32</lei>
        <title>INEGRP 7.5 04/15/29 144a</title>
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        <balance>40000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>Uniti Service LLC / Uniti Fiber Holdings Inc. / Uniti Group Finance 2019 Inc. / CSL Capital LLC</name>
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        <title>UNIT 8.625 06/15/32 144A</title>
        <cusip>91327TAC5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Golar LNG Limited</name>
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        <title>GLNG 7.5 10/02/30 144A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Garda World Security Corporation</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>GWCN 8.25 08/01/32 144A</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Venture Global Plaquemines Lng LLC</name>
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        <title>VEGLPL 7.5 05/01/33 144A</title>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <title>CHTR 5.375 06/01/29 144A</title>
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        <name>Forvia SE</name>
        <lei>969500F0VMZLK2IULV85</lei>
        <title>EOFP 8 06/15/30 144A</title>
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        <name>CSC Holdings, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 6.5 02/01/29 144A</title>
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        <name>ANYWHERE REAL ESTATE GROUP LLC</name>
        <lei>LF6PBYTYG3BDVEF4FI12</lei>
        <title>HOUS 5.25 04/15/30 144A</title>
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        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 7.25 05/01/32 144A</title>
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          <couponKind>Fixed</couponKind>
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        <name>Celanese US Holdings Llc</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>CE 6.379 07/15/32</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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          <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>
