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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-17</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>W. R. GRACE HOLDINGS LLC</name>
        <lei>N/A</lei>
        <title>W. R. GRACE HOLDINGS LLC 9/22/2028</title>
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          <other otherDesc="All Others" value="LX196992"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-22</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>AERCAP GLOBAL AVIATION TRUST</name>
        <lei>635400FBSV8LXXNRV758</lei>
        <title>AERCAP GLOBAL AVIATION TRUST 144A 6.500000% 06/15/2045</title>
        <cusip>00773HAA5</cusip>
        <identifiers>
          <isin value="US00773HAA59"/>
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        <balance>790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>785056.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DEL MONTE FOODS TL</name>
        <lei>N/A</lei>
        <title>DEL MONTE FOODS TL 5/16/2029</title>
        <cusip>24521TAJ5</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX202636"/>
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        <balance>352330.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>313134.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.75000040</annualizedRt>
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      <invstOrSec>
        <name>HANESBRANDS INC.</name>
        <lei>N/A</lei>
        <title>HANESBRANDS INC. 3/8/2030</title>
        <cusip>410346AX8</cusip>
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          <other otherDesc="All Others" value="LX210929"/>
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        <balance>784075.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>779174.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.08259840</annualizedRt>
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      <invstOrSec>
        <name>ABG INTERMEDIATE HOLDINGS 2 LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="All Others" value="LX201335"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>GREYSTONE SELECT FINANCIAL LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="All Others" value="LX194682"/>
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        <curCd>USD</curCd>
        <valUSD>379782.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-16</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Windsor Holdings III, LLC 06/21/2030 TL</name>
        <lei>N/A</lei>
        <title>Windsor Holdings III, LLC 06/21/2030 TL 6/21/2030</title>
        <cusip>N/A</cusip>
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          <other otherDesc="All Others" value="LX213118"/>
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        <curCd>USD</curCd>
        <valUSD>556434.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-21</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>BROWN BROTHERS HARRIMAN SWEEP INTEREST</title>
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          <other otherDesc="All Others" value="BBHMM"/>
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        <curCd>USD</curCd>
        <valUSD>4597114.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>PROOFPOINT INC.</name>
        <lei>N/A</lei>
        <title>PROOFPOINT INC. 8/31/2028</title>
        <cusip>74345HAB7</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX195373"/>
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        <curCd>USD</curCd>
        <valUSD>771505.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>Momentive Performance TL</name>
        <lei>N/A</lei>
        <title>Momentive Performance TL 3/22/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX211448"/>
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        <balance>784075.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.84835080</annualizedRt>
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        <name>SCHWEITZER-MAUDUIT INTERNATIONAL, INC.</name>
        <lei>N/A</lei>
        <title>SCHWEITZER-MAUDUIT INTERNATIONAL, INC. 4/20/2028</title>
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          <other otherDesc="All Others" value="LX192374"/>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CCO HOLDINGS, LLC</name>
        <lei>N/A</lei>
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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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          <couponKind>Fixed</couponKind>
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        <name>WIRECO WORLDGROUP INC. - 2023 REFINANCING TERM LOA</name>
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        <title>WIRECO WORLDGROUP INC. - 2023 REFINANCING TERM LOA 10/27/2028</title>
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          <other otherDesc="All Others" value="LX221875"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>MAUSER PACKAGING SOLUTIONS HOLDING COMPANY</name>
        <lei>N/A</lei>
        <title>MAUSER PACKAGING SOLUTIONS HOLDING COMPANY 8/14/2026</title>
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          <other otherDesc="All Others" value="LX210748"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>GATES GLOBAL LLC</name>
        <lei>N/A</lei>
        <title>GATES GLOBAL LLC 11/16/2029</title>
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          <other otherDesc="All Others" value="LX209314"/>
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        <curCd>USD</curCd>
        <valUSD>780125.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PETSMART LLC</name>
        <lei>N/A</lei>
        <title>PETSMART LLC 2/11/2028</title>
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          <other otherDesc="All Others" value="LX192365"/>
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        <curCd>USD</curCd>
        <valUSD>766128.48000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.18259920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Knowledge Universe/Kindercare 5/23/2030 TL</name>
        <lei>N/A</lei>
        <title>Knowledge Universe/Kindercare 5/23/2030 TL 5/23/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX212559"/>
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        <balance>197006.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196933.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-23</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GFL ENVIRONMENTAL INC.</name>
        <lei>549300FYK4MBXWIVZU26</lei>
        <title>GFL ENVIRONMENTAL INC 144A 6.750000% 01/15/2031</title>
        <cusip>36168QAQ7</cusip>
        <identifiers>
          <isin value="US36168QAQ73"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>511389.19000000</valUSD>
        <pctVal>0.517760255154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PREGIS TOPCO LLC</name>
        <lei>N/A</lei>
        <title>PREGIS TOPCO LLC 7/31/2026</title>
        <cusip>74045BAE7</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX195642"/>
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        <balance>193031.56000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192950.49000000</valUSD>
        <pctVal>0.195354334601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.19707840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZEST ACQ CORP</name>
        <lei>N/A</lei>
        <title>ZEST ACQ CORP 02/08/2028 AND 5.00% + LIBOR</title>
        <cusip>46589UAE5</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX210749"/>
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        <balance>351450.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>343542.38000000</valUSD>
        <pctVal>0.347822350967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.18260000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MILEAGE PLUS HOLDINGS LLC</name>
        <lei>N/A</lei>
        <title>MILEAGE PLUS HOLDINGS LLC 6/21/2027</title>
        <cusip>59921PAB2</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX188905"/>
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        <balance>552631.60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>568923.18000000</valUSD>
        <pctVal>0.576011023698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.77039000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BIFM/BROOKFIELD GLOBAL 5/19 COV-LITE TLB</name>
        <lei>N/A</lei>
        <title>BIFM/BROOKFIELD GLOBAL 5/19 COV-LITE TLB 5/1/2026</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX180094"/>
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        <balance>752650.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>750769.02000000</valUSD>
        <pctVal>0.760122362690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.94708000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>8TH AVENUE FOOD &amp; PROVISIONS, INC.</name>
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          <other otherDesc="All Others" value="LX197206"/>
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        <curCd>USD</curCd>
        <valUSD>748321.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.19707920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUB INTERNATIONAL LIMITED</name>
        <lei>N/A</lei>
        <title>HUB INTERNATIONAL LIMITED 6/20/2030</title>
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        <identifiers>
          <other otherDesc="All Others" value="LX213018"/>
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        <balance>394012.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>393973.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.58665960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CULLIGAN 7/21 COV-LITE</name>
        <lei>N/A</lei>
        <title>CULLIGAN 7/21 COV-LITE 7/31/2028</title>
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        <identifiers>
          <other otherDesc="All Others" value="LX195536"/>
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        <balance>1005802.93000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.10472040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MH SUB I, LLC (MICRO HOLDING CORP.)</name>
        <lei>N/A</lei>
        <title>MH SUB I, LLC (MICRO HOLDING CORP.) 5/3/2028</title>
        <cusip>45567YAN5</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX212015"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2503775.68000000</valUSD>
        <pctVal>2.534968591977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.58259880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEXUS BUYER LLC</name>
        <lei>N/A</lei>
        <title>NEXUS BUYER LLC 12/13/2028</title>
        <cusip>65343UAF9</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX221342"/>
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        <curCd>USD</curCd>
        <valUSD>981250.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.83260080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>TENNECO INC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>10.46936880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MADISON PARK FUNDING, LTD.</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US55819BAQ32"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>ENGINEERED MACHINERY</name>
        <lei>N/A</lei>
        <title>ENGINEERED MACHINERY 5/21/2029</title>
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          <other otherDesc="All Others" value="LX197098"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ADIENT US LLC</name>
        <lei>N/A</lei>
        <title>ADIENT US LLC 4/10/2028</title>
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        <identifiers>
          <other otherDesc="All Others" value="LX193944"/>
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        <curCd>USD</curCd>
        <valUSD>1123669.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.72043840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MED PARENTCO, LP</name>
        <lei>N/A</lei>
        <title>MED PARENTCO, LP 8/31/2026</title>
        <cusip>58401DAC8</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX181827"/>
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        <balance>779819.59000000</balance>
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        <curCd>USD</curCd>
        <valUSD>768403.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.69707880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SCIENTIFIC GAMES HOLDINGS LP</name>
        <lei>N/A</lei>
        <title>SCIENTIFIC GAMES HOLDINGS LP 4/4/2029</title>
        <cusip>80875CAB3</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX202414"/>
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        <balance>195030.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193263.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>8.58017880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIVE START TL</name>
        <lei>N/A</lei>
        <title>FIVE START TL 4/27/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX204264"/>
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        <balance>390062.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>380069.10000000</valUSD>
        <pctVal>0.384804133603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-27</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WOOF HOLDINGS INC TL</name>
        <lei>N/A</lei>
        <title>WOOF HOLDINGS INC TL 12/21/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX191246"/>
        </identifiers>
        <balance>395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>237000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.66858000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AVIENT CORPORATION</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
        <title>AVIENT CORP 144A 7.125000% 08/01/2030</title>
        <cusip>05368VAA4</cusip>
        <identifiers>
          <isin value="US05368VAA44"/>
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        <balance>395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>405162.56000000</valUSD>
        <pctVal>0.410210216693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAGNITE, INC.</name>
        <lei>N/A</lei>
        <title>MAGNITE, INC. 4/28/2028</title>
        <cusip>55955NAB4</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX193781"/>
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        <balance>1154449.36000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1154449.36000000</valUSD>
        <pctVal>1.168831893370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.92924000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DS PARENT TL 1L B</name>
        <lei>N/A</lei>
        <title>DS PARENT TL 1L B 12/13/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX220914"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>975000.00000000</valUSD>
        <pctVal>0.987146890562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VICTORIA'S SECRET &amp; CO.</name>
        <lei>N/A</lei>
        <title>VICTORIA'S SECRET &amp; CO. 8/2/2028</title>
        <cusip>92639MAB3</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX195986"/>
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        <balance>386063.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>384935.84000000</valUSD>
        <pctVal>0.389731505150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.88783840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FRONTIER COMMUNICATIONS 4/21 DIP</name>
        <lei>N/A</lei>
        <title>FRONTIER COMMUNICATIONS 4/21 DIP 10/8/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX194213"/>
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        <balance>768126.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>757403.85000000</valUSD>
        <pctVal>0.766839851720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.19707840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WALKER AND DUNLOP</name>
        <lei>N/A</lei>
        <title>WALKER AND DUNLOP 12/17/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX209923"/>
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        <balance>392037.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>391057.41000000</valUSD>
        <pctVal>0.395929339808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.43260040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DXP ENTERPRISE INC TL</name>
        <lei>N/A</lei>
        <title>DXP ENTERPRISE INC TL 10/6/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX217367"/>
        </identifiers>
        <balance>788025.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>788025.00000000</valUSD>
        <pctVal>0.797842490703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.29060000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IMPERIAL BAG &amp; PAPER/IMPERIAL DADE 1/24 TL</name>
        <lei>N/A</lei>
        <title>IMPERIAL BAG &amp; PAPER/IMPERIAL DADE 1/24 TL 12/11/2028 AND 0.50 SOFR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX224934"/>
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        <balance>2063701.33000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2061555.08000000</valUSD>
        <pctVal>2.087238653277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.33260040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROPER INDUSTRIAL PRODUCT</name>
        <lei>N/A</lei>
        <title>ROPER INDUSTRIAL PRODUCT 11/22/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX221156"/>
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        <balance>784084.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>784155.44000000</valUSD>
        <pctVal>0.793924722372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.34814160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RUSSELL INVESTMENT 10/20 TL</name>
        <lei>N/A</lei>
        <title>RUSSELL INVESTMENT 10/20 TL 6/2/2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX190504"/>
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        <balance>1555287.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1457117.28000000</valUSD>
        <pctVal>1.475270556037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.92411920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MEDLINE BORROWER, LP</name>
        <lei>N/A</lei>
        <title>MEDLINE BORROWER, LP 10/23/2028</title>
        <cusip>58503UAC7</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX198398"/>
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        <balance>776125.63000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>774425.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.45106840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CQP HOLDCO LP / BIP-V CHINOOK HOLDCO LLC 144A</name>
        <lei>N/A</lei>
        <title>CQP HOLDCO LP / BIP-V CHINOOK HOLDCO LLC 144A 7.500000% 12/15/2033</title>
        <cusip>12657NAB6</cusip>
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          <isin value="US12657NAB64"/>
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        <curCd>USD</curCd>
        <valUSD>1029662.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THE CHEMOURS COMPANY</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>CHEMOURS CO/THE 144A 4.625000% 11/15/2029</title>
        <cusip>163851AH1</cusip>
        <identifiers>
          <isin value="US163851AH15"/>
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        <balance>1185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1029280.47000000</valUSD>
        <pctVal>1.042103605617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHARIOT BUYER LLC</name>
        <lei>N/A</lei>
        <title>CHARIOT BUYER LLC 11/3/2028</title>
        <cusip>15963CAC0</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX199295"/>
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        <balance>782020.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>772573.40000000</valUSD>
        <pctVal>0.782198389273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.68259880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLARIOS GLOBAL LP</name>
        <lei>N/A</lei>
        <title>CLARIOS GLOBAL LP 5/6/2030</title>
        <cusip>C8000CAL7</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX224358"/>
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        <balance>788025.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>788025.00000000</valUSD>
        <pctVal>0.797842490703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.33259960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHARLOTTE BUYER, INC.</name>
        <lei>N/A</lei>
        <title>CHARLOTTE BUYER, INC. 2/11/2028</title>
        <cusip>12568YAD6</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX206518"/>
        </identifiers>
        <balance>785055.04000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MEDRISK 4/21 COV-LITE TLB</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EMERALD EXPOSITIONS HOLDING, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>POTTERS INDUSTRIES LLC TL</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>The Chefs' Warehouse 8/22 TL</name>
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          <other otherDesc="All Others" value="LX207149"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CSC HOLDINGS, LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TABOOLA, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ILFC E-CAPITAL TRUST I</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Fiserv 2/20 Cov-Lite</name>
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          <other otherDesc="All Others" value="LX185429"/>
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        <assetCat>LON</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>SERVICE LOGIC ACQUISITION, INC.</name>
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          <other otherDesc="All Others" value="LX190318"/>
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        <assetCat>LON</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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        <name>BAUSCH HEALTH COMPANIES INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>WASTE PRO USA, INC.</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>PQ PERFORMANCE CHEMICALS 4/21 TL</name>
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          <other otherDesc="All Others" value="LX194554"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>SPX FLOW, INC.</name>
        <lei>N/A</lei>
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          <couponKind>Floating</couponKind>
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        <name>ILFC E-CAPITAL TRUST II</name>
        <lei>N/A</lei>
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        <name>BROWN GROUP HOLDING, LLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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        <name>AZZ 5/22 TL</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Ardagh Metal Packaging Finance Public Limited Company</name>
        <lei>635400FSFRHBFVPTP424</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Forefront Dermatology 3/22 TLB</name>
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          <other otherDesc="All Others" value="LX203388"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Janus 7/23 Cov-Lite TLB</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aspire Bakeries 12/23 TL</name>
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          <other otherDesc="All Others" value="LX221805"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PACTIV EVERGREEN INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BURFORD CAPITAL GLOBAL FINANCE LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AADVANTAGE LOYALITY IP LTD.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TransDigm Inc. TL</name>
        <lei>N/A</lei>
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          <other otherDesc="All Others" value="LX219896"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>JANE STREET GROUP</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>CSC HOLDINGS, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>KOPPERS 9/23 COV-LITE TLB</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>GRAHAM PACKAGING COMPANY INC.</name>
        <lei>549300YS0ZFT826HIK72</lei>
        <title>GRAHAM PACKAGING CO INC 144A 7.125000% 08/15/2028</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Veritext 8/23 Cov-Lite TLB</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ENVIRI CORPORATION</name>
        <lei>KAO98FK89NPNNPQGUZ43</lei>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SUMMIT BEHAVIORAL TL</name>
        <lei>N/A</lei>
        <title>SUMMIT BEHAVIORAL TL 11/24/2028</title>
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        <identifiers>
          <other otherDesc="All Others" value="LX199484"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GLOBAL IID PARENT LLC</name>
        <lei>N/A</lei>
        <title>GLOBAL IID PARENT LLC 12/16/2028</title>
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          <other otherDesc="All Others" value="LX201029"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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        <name>SHARP MIDCO LLC</name>
        <lei>N/A</lei>
        <title>SHARP MIDCO LLC 12/31/2028</title>
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          <other otherDesc="All Others" value="LX200906"/>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FILTRATION GROUP CORP TL 1L 0% 10/19/2028</name>
        <lei>N/A</lei>
        <title>FILTRATION GROUP CORP TL 1L 0% 10/19/2028 10/31/2028</title>
        <cusip>N/A</cusip>
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          <other otherDesc="All Others" value="LX212727"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>ASURION LLC</name>
        <lei>N/A</lei>
        <title>ASURION LLC 1/20/2029</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>LABL, INC.</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-29</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FILTRATION GROUP 10/21 INCREMENTAL TL</name>
        <lei>N/A</lei>
        <title>FILTRATION GROUP 10/21 INCREMENTAL TL 10/19/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX199347"/>
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        <balance>1351220.96000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1349869.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.94708000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLIANT HOLDINGS INTERMEDIATE, LLC</name>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>757950.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TMS INTERNATIONAL CORP.</name>
        <lei>549300L4K0F1YF8WKF23</lei>
        <title>TMS INTERNATIONAL CORP/DE 144A 6.250000% 04/15/2029</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THE CHEMOURS COMPANY</name>
        <lei>N/A</lei>
        <title>THE CHEMOURS COMPANY 8/18/2028</title>
        <cusip>16384YAJ6</cusip>
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          <other otherDesc="All Others" value="LX214553"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-18</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW SK HOLDCO SK</name>
        <lei>N/A</lei>
        <title>NEW SK HOLDCO SK 06/30/2027 AND CME SOFR +8.35</title>
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        <identifiers>
          <other otherDesc="All Others" value="LX206465"/>
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        <curCd>USD</curCd>
        <valUSD>2420925.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>13.68666000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARETEC GROUP INC</name>
        <lei>N/A</lei>
        <title>ARETEC GROUP INC 8/9/2030</title>
        <cusip>04009DAF1</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX211114"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>498263.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.93260160</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WCG PURCHASER CORP.</name>
        <lei>N/A</lei>
        <title>WCG PURCHASER CORP. 1/8/2027</title>
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        <identifiers>
          <other otherDesc="All Others" value="LX184508"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAGNITE INC TL B 1L 0% 02/06/2031</name>
        <lei>N/A</lei>
        <title>MAGNITE INC TL B 1L 0% 02/06/2031 1/31/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX225650"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>STAR PARENT INC</name>
        <lei>N/A</lei>
        <title>STAR PARENT INC 9/27/2030</title>
        <cusip>87169DAB1</cusip>
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          <other otherDesc="All Others" value="LX216614"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>AEGION 1/24 TL</name>
        <lei>N/A</lei>
        <title>AEGION 1/24 TL 05/11/2028 AND 0.75 SOFR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX224989"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>772585.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>SUNSHINE LUXEMBOURG VII S.A R.L.</name>
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        <title>SUNSHINE LUXEMBOURG VII S.A R.L. 10/1/2026</title>
        <cusip>L8908YAE8</cusip>
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          <other otherDesc="All Others" value="LX193531"/>
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        <curCd>USD</curCd>
        <valUSD>764144.71000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>8.94813840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>EMPOWER CLO LTD</name>
        <lei>N/A</lei>
        <title>EMPOWER CLO 2023-2 LTD EMPWR 2023-2A D</title>
        <cusip>29247BAL1</cusip>
        <identifiers>
          <isin value="US29247BAL18"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500989.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>IMAGINE LEARNING TL LLC</name>
        <lei>N/A</lei>
        <title>IMAGINE LEARNING TL LLC 12/21/2029</title>
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        <identifiers>
          <other otherDesc="All Others" value="LX225553"/>
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        <curCd>USD</curCd>
        <valUSD>362980.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ULTIMATE SOFTWARE GRP 4/19 COV-LITE</name>
        <lei>N/A</lei>
        <title>ULTIMATE SOFTWARE GRP 4/19 COV-LITE 5/4/2026</title>
        <cusip>90385KAB7</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX179563"/>
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        <balance>368750.13000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>368750.13000000</valUSD>
        <pctVal>0.373344147922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.16265880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLIANCE LAUNDRY SYSTEMS LLC</name>
        <lei>N/A</lei>
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        <cusip>01862LAW8</cusip>
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          <other otherDesc="All Others" value="LX190032"/>
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        <curCd>USD</curCd>
        <valUSD>1064853.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-08</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>AQGEN ISLAND HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>AQGEN ISLAND HOLDINGS, INC. 8/2/2028</title>
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          <other otherDesc="All Others" value="LX194867"/>
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        <curCd>USD</curCd>
        <valUSD>749783.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>8.94708000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>TMS/TUBE CITY 1/24 COV-LITE</name>
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        <title>TMS/TUBE CITY 1/24 COV-LITE 3/2/2030</title>
        <cusip>N/A</cusip>
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          <other otherDesc="All Others" value="LX224841"/>
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        <balance>2168985.77000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2170352.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.58669920</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VERSCEND HOLDING CORP.</name>
        <lei>N/A</lei>
        <title>VERSCEND HOLDING CORP. 8/27/2025</title>
        <cusip>92531HAD9</cusip>
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          <other otherDesc="All Others" value="LX192759"/>
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        <balance>567935.36000000</balance>
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        <curCd>USD</curCd>
        <valUSD>567730.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-27</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MSP LAW FIRM PLLC</name>
        <lei>N/A</lei>
        <title>MSP LAW FIRM PLLC 4/9/2025</title>
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          <other otherDesc="All Others" value="99AAK0593"/>
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        <balance>612857.36000000</balance>
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        <curCd>USD</curCd>
        <valUSD>612857.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>17.49999960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WOOF HOLDINGS LLC TL</name>
        <lei>N/A</lei>
        <title>WOOF HOLDINGS LLC TL 12/21/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX191244"/>
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        <balance>384557.11000000</balance>
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        <curCd>USD</curCd>
        <valUSD>311764.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.35952120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAUSER PACKAGING SOLUTIONS HOLDING COMPANY</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>MAUSER PACKAGING SOLUTIONS HOLDING CO 144A 7.875000% 08/15/2026</title>
        <cusip>57763RAB3</cusip>
        <identifiers>
          <isin value="US57763RAB33"/>
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        <balance>319000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>322334.33000000</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>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KKR APPLE BIDCO, LLC</name>
        <lei>N/A</lei>
        <title>KKR APPLE BIDCO, LLC 9/22/2028</title>
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          <other otherDesc="All Others" value="LX206380"/>
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        <balance>783094.91000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>781677.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.83260000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COBHAM ULTRA SENIORCO S.A R.L.</name>
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        <title>COBHAM ULTRA SENIORCO S.A R.L. 8/3/2029</title>
        <cusip>L1802PAC3</cusip>
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          <other otherDesc="All Others" value="LX200268"/>
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        <balance>780174.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>770422.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.36299160</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>FLEETPRIDE 9/23 TLB</name>
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        <title>FLEETPRIDE 9/23 TLB 09/04/2028</title>
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        <identifiers>
          <other otherDesc="All Others" value="LX217164"/>
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        <curCd>USD</curCd>
        <valUSD>498126.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.83260080</annualizedRt>
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        <name>NEW SK HOLDCO SUB, LLC</name>
        <lei>N/A</lei>
        <title>SERVICE KING WARRANTS (MIDAS EXCHANGE) 12/22/2025</title>
        <cusip>G5924V106</cusip>
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          <isin value="BMG5924V1063"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>NEXUS BUYER LLC</name>
        <lei>N/A</lei>
        <title>NEXUS BUYER LLC 11/9/2026</title>
        <cusip>65343UAC6</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX183588"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.18259920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>KENAN ADVANTAGE GROUP, INC.</name>
        <lei>N/A</lei>
        <title>KENAN ADVANTAGE GROUP, INC. 1/19/2029</title>
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          <other otherDesc="All Others" value="LX224838"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>DCG ACQUISITION CORP.</name>
        <lei>N/A</lei>
        <title>DCG ACQUISITION CORP. 9/30/2026</title>
        <cusip>23308UAG9</cusip>
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          <other otherDesc="All Others" value="LX183390"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.93260160</annualizedRt>
          <isDefault>N</isDefault>
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        <name>ULTRA CLEAN 3/21 TL</name>
        <lei>N/A</lei>
        <title>ULTRA CLEAN 3/21 TL 8/27/2025</title>
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        <identifiers>
          <other otherDesc="All Others" value="LX193302"/>
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        <curCd>USD</curCd>
        <valUSD>603770.97000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.19707840</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>TRITON WATER HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>TRITON WATER HOLDINGS, INC. 3/31/2028</title>
        <cusip>89678QAB2</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX193319"/>
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        <balance>283970.11000000</balance>
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        <curCd>USD</curCd>
        <valUSD>279071.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.85975120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MOTEL 6 INC. 09/21 TL</name>
        <lei>N/A</lei>
        <title>MOTEL 6 INC. 09/21 TL 9/9/2026</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX197154"/>
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        <balance>619705.89000000</balance>
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        <curCd>USD</curCd>
        <valUSD>618156.63000000</valUSD>
        <pctVal>0.625857841215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.43552880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PERATON CORP</name>
        <lei>N/A</lei>
        <title>PERATON CORP 2/1/2028</title>
        <cusip>71360HAB3</cusip>
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          <other otherDesc="All Others" value="LX192468"/>
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        <balance>940412.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>938193.04000000</valUSD>
        <pctVal>0.949881376598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.18259920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TK ELEVATOR MIDCO GMBH</name>
        <lei>N/A</lei>
        <title>TK ELEVATOR MIDCO GMBH 7/30/2027</title>
        <cusip>D9000BAD4</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX196018"/>
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        <balance>1150465.99000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1149982.79000000</valUSD>
        <pctVal>1.164309677280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.08094960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSC HOLDINGS LLC</name>
        <lei>N/A</lei>
        <title>CSC HOLDINGS LLC 1/18/2028</title>
        <cusip>64072UAM4</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX209812"/>
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        <balance>784075.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>765123.91000000</valUSD>
        <pctVal>0.774656090924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.83315880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRAHAM PACKAGING COMPANY INC.</name>
        <lei>N/A</lei>
        <title>GRAHAM PACKAGING COMPANY INC. 8/4/2027</title>
        <cusip>38469EAD5</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX192845"/>
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        <balance>620774.18000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>619520.22000000</valUSD>
        <pctVal>0.627238419295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.44707960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INGRAM MICRO INC.</name>
        <lei>N/A</lei>
        <title>INGRAM MICRO INC. 06/30/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX217133"/>
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        <balance>287943.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>287344.53000000</valUSD>
        <pctVal>0.290924368522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.60974920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NOURYON FINANCE B.</name>
        <lei>N/A</lei>
        <title>NOURYON FINANCE B. 4/3/2028</title>
        <cusip>N8232NAG2</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX212600"/>
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        <balance>1010370.89000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1008057.14000000</valUSD>
        <pctVal>1.020615867959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.46710000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Prolamina 9/23 TL</name>
        <lei>N/A</lei>
        <title>Prolamina 9/23 TL 9/15/2028</title>
        <cusip>74274NAJ2</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX216983"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500315.00000000</valUSD>
        <pctVal>0.506548099027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.86806080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PRO MACH GROUP, INC.</name>
        <lei>N/A</lei>
        <title>PRO MACH GROUP, INC. 8/31/2028</title>
        <cusip>74273JAE3</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX196943"/>
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        <balance>773910.83400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>774677.01000000</valUSD>
        <pctVal>0.784328206781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.47044080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLIED UNIVERSAL HOLDCO LLC</name>
        <lei>N/A</lei>
        <title>ALLIED UNIVERSAL HOLDCO LLC 5/12/2028</title>
        <cusip>01957TAH0</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX194227"/>
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        <balance>751163.13000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>741307.87000000</valUSD>
        <pctVal>0.750543342379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.18259920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIRGIN MEDIA BRISTOL LLC</name>
        <lei>N/A</lei>
        <title>VIRGIN MEDIA BRISTOL LLC 1/31/2029</title>
        <cusip>G9368PBE3</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX189823"/>
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        <balance>395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>391480.55000000</valUSD>
        <pctVal>0.396357751434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.69763960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KEN GARFF AUTOMOTIVE, LLC</name>
        <lei>N/A</lei>
        <title>KEN GARFF AUTOMOTIVE LLC 144A 4.875000% 09/15/2028</title>
        <cusip>48850PAA2</cusip>
        <identifiers>
          <isin value="US48850PAA21"/>
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        <balance>395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>369352.65000000</valUSD>
        <pctVal>0.373954174326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PETIQ 4/21 TL</name>
        <lei>N/A</lei>
        <title>PETIQ 4/21 TL 4/7/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX193766"/>
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        <balance>770620.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>760987.50000000</valUSD>
        <pctVal>0.770468148083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.16651880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LIFEPOINT HEALTH, INC.</name>
        <lei>N/A</lei>
        <title>LIFEPOINT HEALTH, INC. 11/16/2028</title>
        <cusip>75915TAG7</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX217408"/>
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        <balance>1497039.18000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1492832.50000000</valUSD>
        <pctVal>1.511430728723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.08734840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SCHENECTADY INTERNATIONAL GROUP, INC.</name>
        <lei>N/A</lei>
        <title>SCHENECTADY INTERNATIONAL GROUP, INC. 10/15/2025</title>
        <cusip>80643UAB4</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX175356"/>
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        <balance>1209360.48000000</balance>
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        <curCd>USD</curCd>
        <valUSD>840505.54000000</valUSD>
        <pctVal>0.850976851601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.16399160</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>ARSENAL AIC PARENT LLC</name>
        <lei>N/A</lei>
        <title>ARSENAL AIC PARENT LLC 8/18/2030</title>
        <cusip>04287KAB7</cusip>
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        <curCd>USD</curCd>
        <valUSD>498126.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.83260080</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-01-31</ncom:dateSigned>
      <ncom:nameOfApplicant>THE ADVISORS' INNER CIRCLE III</ncom:nameOfApplicant>
      <ncom:signature>Andy Metzger</ncom:signature>
      <ncom:signerName>Andy Metzger</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
