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        <name>Trident TPI Holdings Inc</name>
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        <name>GRAFTECH GLOBAL ENTERPRI</name>
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        <name>Black Pearl Compute LLC</name>
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        <name>Post Holdings Inc.</name>
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        <name>Adapthealth Llc</name>
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        <name>MORGAN STANLEY &amp; CO. INTERNATIONAL PLC</name>
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        <name>KB Home</name>
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        <name>Trinity Industries, Inc.</name>
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        <name>Zegona Finance PLC</name>
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        <name>Citigroup Inc.</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
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          <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>Prairie Acquiror LP</name>
        <lei>254900Q6KU2LVSIISH22</lei>
        <title>TGE 9 08/01/29 144A</title>
        <cusip>73943NAA4</cusip>
        <identifiers>
          <isin value="US73943NAA46"/>
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        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>245312.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</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>
      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 7 05/01/29 144A</title>
        <cusip>86765KAB5</cusip>
        <identifiers>
          <isin value="US86765KAB52"/>
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        <balance>3607000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3742480.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</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>
        <name>Gray Media Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GTN 4.75 10/15/30 144A</title>
        <cusip>389375AL0</cusip>
        <identifiers>
          <isin value="US389375AL09"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>162202.35000000</valUSD>
        <pctVal>0.012936100597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AECOM</name>
        <lei>0EEB8GF0W0NPCIHZX097</lei>
        <title>ACM 6 08/01/33 144A</title>
        <cusip>00766TAE0</cusip>
        <identifiers>
          <isin value="US00766TAE01"/>
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        <balance>1360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1389046.48000000</valUSD>
        <pctVal>0.110780423339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>
        <name>Frontier Communications Holdings Llc</name>
        <lei>N/A</lei>
        <title>FYBR 6 01/15/30 144A</title>
        <cusip>35908MAB6</cusip>
        <identifiers>
          <isin value="US35908MAB63"/>
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        <balance>637000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>643878.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>Energizer Holdings Inc</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>ENR 4.375 03/31/29 144A</title>
        <cusip>29272WAD1</cusip>
        <identifiers>
          <isin value="US29272WAD11"/>
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        <balance>412000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400049.66000000</valUSD>
        <pctVal>0.031905102766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Uniti Service LLC / Uniti Fiber Holdings Inc. / Uniti Group Finance 2019 Inc. / CSL Capital LLC</name>
        <lei>N/A</lei>
        <title>UNIT 8.625 06/15/32 144A</title>
        <cusip>91327TAC5</cusip>
        <identifiers>
          <isin value="US91327TAC53"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>152019.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GARRETT MOTION HOLDINGS INC</name>
        <lei>5493001N1N6Z0SR83G07</lei>
        <title>GTX 7.75 05/31/32 144A</title>
        <cusip>366504AA6</cusip>
        <identifiers>
          <isin value="US366504AA61"/>
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        <balance>1351000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1427826.50000000</valUSD>
        <pctVal>0.113873240675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Focus Financial</name>
        <lei>5493007L0E0VKRC2CP39</lei>
        <title>Focus Financial Term Loan B-8 (add-on) 275 2031-09-01</title>
        <cusip>34416DBD9</cusip>
        <identifiers>
          <isin value="US34416DBD93"/>
          <other otherDesc="INTERNAL" value="BL5316866"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>376500.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.17260000</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>Venture Global Plaquemines Lng LLC</name>
        <lei>549300TKP4I6OJ02BF90</lei>
        <title>VEGLPL 7.5 05/01/33 144A</title>
        <cusip>922966AA4</cusip>
        <identifiers>
          <isin value="US922966AA47"/>
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        <balance>3156000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3502245.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 5.375 06/01/29 144A</title>
        <cusip>1248EPCB7</cusip>
        <identifiers>
          <isin value="US1248EPCB75"/>
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        <balance>4035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4026439.33000000</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>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Trust 2018-Bilt</name>
        <lei>N/A</lei>
        <title>BX 2019-OC11 E</title>
        <cusip>05606FAN3</cusip>
        <identifiers>
          <isin value="US05606FAN33"/>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>533579.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.94399000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRA Group Inc.</name>
        <lei>549300Q5HW3JSSB86K27</lei>
        <title>PRAA 5 10/01/29 144A</title>
        <cusip>69354NAD8</cusip>
        <identifiers>
          <isin value="US69354NAD84"/>
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        <balance>478000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>441773.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GRAFTECH GLOBAL ENTERPRI</name>
        <lei>N/A</lei>
        <title>GRAFTECH GLOBAL ENTERPRI</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="BL4922755"/>
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        <balance>265373.87000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-21</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSC Holdings, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 6.5 02/01/29 144A</title>
        <cusip>126307AZ0</cusip>
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          <isin value="US126307AZ02"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VENATOR FIN SARL</name>
        <lei>N/A</lei>
        <title>VENATOR FIN SARL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="B8AC8DDQ7"/>
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        <balance>108189.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>81141.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.31780000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VIRGIN MEDIA O2 VENDOR FINANCING NOTES V DAC</name>
        <lei>635400ASSEVCXAPVGC36</lei>
        <title>VMED 8.5 03/15/33 144A</title>
        <cusip>92769UAA9</cusip>
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          <isin value="US92769UAA97"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1422125.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>KB Home</name>
        <lei>549300LGUCWQURMWLG09</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SM ENERGY COMPANY</name>
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        <balance>380000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Axon Enterprise Inc</name>
        <lei>549300QP2IEEGFE16681</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
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      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 4.375 01/15/27 144A</title>
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          <isin value="US85571BAY11"/>
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        <balance>3325000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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        <name>Energizer Holdings Inc</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>ENR 6 09/15/33 144A</title>
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          <isin value="US29272WAG42"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-15</maturityDt>
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        <name>PG&amp;E Corporation</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
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          <isin value="US69331CAM01"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-15</maturityDt>
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      <invstOrSec>
        <name>Light &amp; Wonder International Inc.</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>LNW 6.25 10/01/33 144A</title>
        <cusip>531968AB1</cusip>
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          <isin value="US531968AB19"/>
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        <curCd>USD</curCd>
        <valUSD>1014577.42000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
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        <name>LifePoint Health, Inc</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>RGCARE 5.375 01/15/29 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Adapthealth Llc</name>
        <lei>549300SN58QQ28RVWE26</lei>
        <title>ADAHEA 5.125 03/01/30 144A</title>
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          <isin value="US00653VAE11"/>
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        <balance>2969000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <name>Diversified Healthcare Trust</name>
        <lei>N/A</lei>
        <title>DHC 4.75 02/15/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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        <name>Diversified Healthcare Trust</name>
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          <maturityDt>2030-10-15</maturityDt>
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        <name>Digicel Group Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>DLLTD 0 12/31/30 1B14</title>
        <cusip>25381HAD0</cusip>
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        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global Plaquemines Lng LLC</name>
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        <title>VEGLPL 7.75 05/01/35 144A</title>
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        <name>Amer Sports Co.</name>
        <lei>549300NRKH9WF70VFC95</lei>
        <title>AS 6.75 02/16/31 144A</title>
        <cusip>02352NAA7</cusip>
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        <name>Nabors Industries, Inc.</name>
        <lei>549300VFQWRKICUFNU92</lei>
        <title>NBR 8.875 08/15/31 144A</title>
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        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 5.625 03/15/31 144A</title>
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          <maturityDt>2031-03-15</maturityDt>
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      <invstOrSec>
        <name>United Air Lines, Inc.</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>UAL 4.625 04/15/29 144A</title>
        <cusip>90932LAH0</cusip>
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        <balance>1443000.00000000</balance>
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          <maturityDt>2029-04-15</maturityDt>
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        <name>TransDigm, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Wholesale Mortgage LLC</name>
        <lei>549300HW662MN1WU8550</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carvana Co</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>CVNA 9 06/01/30 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Five Point Operating Company LP Five Point Capital Corp</name>
        <lei>N/A</lei>
        <title>FPH 8 10/01/30 144A</title>
        <cusip>33834YAC2</cusip>
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          <isin value="US33834YAC21"/>
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        <balance>870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>900209.21000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>GoEasy Limited</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>GSYCN 7.375 10/01/30 144A</title>
        <cusip>380355AN7</cusip>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249144.00000000</valUSD>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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      <invstOrSec>
        <name>Hunt Companies, Inc.</name>
        <lei>549300ODPWDNCH5TKM49</lei>
        <title>HUNTCO 5.25 04/15/29 144A</title>
        <cusip>445587AE8</cusip>
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        <valUSD>3913587.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Nabors Industries, Inc.</name>
        <lei>549300VFQWRKICUFNU92</lei>
        <title>NBR 7.625 11/15/32 144A</title>
        <cusip>62957HAR6</cusip>
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          <isin value="US62957HAR66"/>
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        <balance>3281000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3370803.04000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 3.875 02/15/32 144A</title>
        <cusip>629377CS9</cusip>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98313.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <name>ROCKET MORTGAGE LLC</name>
        <lei>549300FGXN1K3HLB1R50</lei>
        <title>RKT 2.875 10/15/26 144A</title>
        <cusip>77313LAA1</cusip>
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        <balance>1135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1121510.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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      <invstOrSec>
        <name>Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp.</name>
        <lei>N/A</lei>
        <title>RIVENT 6.25 10/15/30 144A</title>
        <cusip>76884GAA3</cusip>
        <identifiers>
          <isin value="US76884GAA31"/>
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        <balance>1359000.00000000</balance>
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        <valUSD>1388801.17000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>NCL Corporation Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCLH 6.25 09/15/33 144A</title>
        <cusip>62886HBZ3</cusip>
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        <balance>327000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>329786.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>ION PLATFORM FINANCE US INC</name>
        <lei>213800FKHT3BRRKMCC89</lei>
        <title>IONPLA 5 05/01/28 144A</title>
        <cusip>46206AAE2</cusip>
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          <isin value="US46206AAE29"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>779073.72000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Rockies Express Pipeline LLC</name>
        <lei>W2ZGZGZKY5GGNY6F3V51</lei>
        <title>ROCKIE 6.75 03/15/33 144A</title>
        <cusip>77340RAU1</cusip>
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          <isin value="US77340RAU14"/>
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        <balance>2299000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>MGM Resorts International</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM 4.625 09/01/26</title>
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        <balance>3733000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC)</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>ACI 5.625 03/31/32 144A</title>
        <cusip>01309QAE8</cusip>
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        <name>FERTITTA ENTERTAINMENT LLC</name>
        <lei>984500A0805D8V551D35</lei>
        <title>FRTITA 6.75 01/15/30 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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        <name>First Quantum Minerals Ltd.</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>FMCN 7.25 02/15/34 144A</title>
        <cusip>335934AX3</cusip>
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        <balance>3195000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <name>Vistra Operations Co LLC</name>
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        <name>Constellation Energy Generation LLC</name>
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        <name>Verde Purchaser LLC</name>
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        <name>Star Leasing Co LLC</name>
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        <name>Nomura Holdings Inc.</name>
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        <name>P&amp;L DEVELOPMENT LLC</name>
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        <title>PLDEVE 12 05/15/29 144A</title>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <name>KRONOS ACQUISITION HOLDI</name>
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        <name>ARDAGH METAL PACKAGING FINANCE USA LLC</name>
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        <name>Citigroup Inc.</name>
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        <name>Bombardier Inc.</name>
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        <title>BBDBCN 7.45 05/01/34 144A</title>
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        <name>Tri Pointe Homes Inc</name>
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        <name>United States Treasury Notes</name>
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        <name>Shea Homes Limited Partnership</name>
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        <name>UWN Holdings LLC</name>
        <lei>N/A</lei>
        <title>UWMC 6.625 02/01/30 144A</title>
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        <name>Jacobs Entertainment, Inc.</name>
        <lei>5493004U9JIWY3HSUO63</lei>
        <title>JACENT 6.75 02/15/29 144a</title>
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        <name>First Quantum Minerals Ltd.</name>
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        <name>Wyndham Hotels &amp; Resorts Inc</name>
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        <name>MPT OPERATING PARTNERSHIP LP</name>
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        <name>Gray Media Inc.</name>
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        <name>White Cap</name>
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        <name>Wrangler Holdco Corp.</name>
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        <name>Azorra Finance Ltd.</name>
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        <name>Crescent Energy Finance LLC</name>
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        <name>Coherent Corp</name>
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        <name>BROOKFIELD RESIDENTIAL PROPERTIES ULC</name>
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        <name>OneMain Financial Corporation</name>
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        <name>Williams Scotsman Inc.</name>
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        <name>Bombardier Inc.</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
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        <name>JEFFERIES FINANCE LLC</name>
        <lei>549300SKVB18YSSIDT75</lei>
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        <name>Olympus Water US Holding Corp.</name>
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        <name>Venture Global Plaquemines Lng LLC</name>
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        <name>1011778 B.C. ULC</name>
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        <name>Univision Communications Inc.</name>
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        <name>UWN Holdings LLC</name>
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        <name>IRIS HOLDING INC</name>
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        <title>Iris Holding Inc</title>
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        <name>Clarivate Science Holdings Corp.</name>
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        <name>Ardagh Group S A</name>
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        <name>VistaJet</name>
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        <name>Zayo Group Holdings Inc</name>
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        <name>Taseko Mines Limited</name>
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        <name>Cornerstone Building Brands Inc</name>
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        <name>Jacobs Entertainment, Inc.</name>
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        <name>SM Energy Co.</name>
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        <name>DIAMOND SPORTS NET LLC</name>
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        <name>FERTITTA ENTERTAINMENT LLC</name>
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        <name>Terex Corporation</name>
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        <name>Vistra Operations Co LLC</name>
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        <name>Gen Digital Inc</name>
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        <name>United Rentals (North America), Inc.</name>
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        <name>Mauser Packaging Solutions Holding Co.</name>
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        <name>Whirlpool Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ILIAD HOLDING SAS</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
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        <name>Qnity Electronics Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-15</maturityDt>
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        <name>CP ATLAS BUYER INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BROOKFIELD RESIDENTIAL PROPERTIES ULC</name>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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        <name>MITER Brands Acquisition Holdco Inc &amp; PGT Innovations LLC.</name>
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          <isin value="US60672JAA79"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
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        <name>First Quantum Minerals Ltd.</name>
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        <name>CNX Resources Corporation</name>
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        <name>SUBURBAN PROPANE PARTNERS LP</name>
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        <name>LBM Acquisition LLC</name>
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        <name>Titan International, Inc.</name>
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        <name>Williams Scotsman Inc.</name>
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        <name>PERMIAN RESOURCES OPERATING LLC</name>
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        <name>Rockies Express Pipeline LLC</name>
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        <name>Level 3 Financing, Inc.</name>
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        <name>Valvoline Inc</name>
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      <invstOrSec>
        <name>Vistra Corp</name>
        <lei>549300KP43CPCUJOOG15</lei>
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        <cusip>92840MAB8</cusip>
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        <curCd>USD</curCd>
        <valUSD>4052228.81000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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      <invstOrSec>
        <name>Pilgrims Pride Corporation</name>
        <lei>549300ZSLGV64ZL3HD75</lei>
        <title>PPC 3.5 03/01/32</title>
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        <balance>402000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375115.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Azorra Finance Ltd.</name>
        <lei>254900MC1HXDAVUUP395</lei>
        <title>AZORRA 7.25 01/15/31 144A</title>
        <cusip>05480AAB1</cusip>
        <identifiers>
          <isin value="US05480AAB17"/>
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        <balance>432000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>450900.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Dream Finders Homes Inc</name>
        <lei>N/A</lei>
        <title>DFH 6.875 09/15/30 144A</title>
        <cusip>26154DAB6</cusip>
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          <isin value="US26154DAB64"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214728.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>CONNECT FINCO SARL</name>
        <lei>2594001KNYIQ456J2792</lei>
        <title>ISATLN 9 09/15/29 144A</title>
        <cusip>20752TAB0</cusip>
        <identifiers>
          <isin value="US20752TAB08"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>424500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>Gray Media Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GTN 9.625 07/15/32 144A</title>
        <cusip>389375AN6</cusip>
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          <isin value="US389375AN64"/>
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        <balance>1289000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1339435.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Gold, Inc.</name>
        <lei>5493005G0GNCHP0H6L96</lei>
        <title>NGDCN 6.875 04/01/32 144A</title>
        <cusip>644535AJ5</cusip>
        <identifiers>
          <isin value="US644535AJ57"/>
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        <balance>735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>779048.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Whirlpool Corp.</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>WHR 6.125 06/15/30</title>
        <cusip>963320BD7</cusip>
        <identifiers>
          <isin value="US963320BD71"/>
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        <balance>1117000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1120513.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Block Inc</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>XYZ 6 08/15/33 144A</title>
        <cusip>852234AU7</cusip>
        <identifiers>
          <isin value="US852234AU71"/>
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        <balance>1359000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1380368.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>BINGO HOLDINGS I LLC</name>
        <lei>N/A</lei>
        <title>BINGO HOLDINGS I LLC</title>
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        <balance>324187.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>316082.81000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-30</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>HudBay Minerals Inc</name>
        <lei>894500LX3TMESP27BE29</lei>
        <title>HBMCN 6.125 04/01/29 144A</title>
        <cusip>443628AH5</cusip>
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          <isin value="US443628AH54"/>
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        <balance>1495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1503656.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <name>Cleveland-Cliffs Inc</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLF 6.75 04/15/30 144A</title>
        <cusip>185899AN1</cusip>
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          <isin value="US185899AN14"/>
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        <balance>395000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>First Quantum Minerals Ltd.</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>FMCN 8 03/01/33 144A</title>
        <cusip>335934AW5</cusip>
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          <isin value="US335934AW52"/>
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        <balance>1045000.00000000</balance>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Terex Corporation</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>TEX 5 05/15/29 144A</title>
        <cusip>880779BA0</cusip>
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          <isin value="US880779BA01"/>
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        <invCountry>US</invCountry>
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        <name>United Airlines Holdings Inc</name>
        <lei>98450079DA0B78DD6764</lei>
        <title>UAL 4.875 03/01/29</title>
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          <isin value="US910047AM17"/>
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          <couponKind>Fixed</couponKind>
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        <name>Venture Global LNG Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENLNG 9.875 02/01/32 144A</title>
        <cusip>92332YAD3</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 7 02/01/33 144A</title>
        <cusip>1248EPCU5</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>McAfee</name>
        <lei>2549009UKR8UEZYVCR93</lei>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>HILCORP ENERGY I LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kodiak Gas Services LLC</name>
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          <isin value="US50012LAD64"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 6.5 10/15/30 144A</title>
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          <isin value="US85571BBE48"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ALLIED UNIVERSAL HOLDCO LLC</name>
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          <isin value="US019576AF49"/>
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        <balance>5703000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 5.25 10/15/28 144A</title>
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          <isin value="US85571BBF13"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC</name>
        <lei>549300EGLQ2M2CL7JZ89</lei>
        <title>ASCRES 6.625 07/15/33 144A</title>
        <cusip>04364VBA0</cusip>
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          <isin value="US04364VBA08"/>
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        <balance>844000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>McAfee Corp</name>
        <lei>2549009UKR8UEZYVCR93</lei>
        <title>MCFE 7.375 02/15/30 144A</title>
        <cusip>579063AB4</cusip>
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          <isin value="US579063AB46"/>
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        <balance>7941000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6496671.47000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>Altice Financing S.A.</name>
        <lei>549300DIYGW8HVDF7Q17</lei>
        <title>ALTICE 9.625 07/15/27 144A</title>
        <cusip>02154CAJ2</cusip>
        <identifiers>
          <isin value="US02154CAJ27"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>444060.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Qnity Electronics Inc.</name>
        <lei>254900RSUG4J9TFFZX53</lei>
        <title>QNTELE 6.25 08/15/33 144A</title>
        <cusip>74743LAB6</cusip>
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        <name>CNX Resources Corporation</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX 5.875 03/01/34 144A</title>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>CCO 7.5 06/01/29 144A</title>
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        <name>ILIAD HOLDING SAS</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>ILIADH 7 04/15/32 144A</title>
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        <name>Vistra Corp</name>
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        <title>VST V7 PERP 144A</title>
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        <name>Ashton Woods (USA) LLC/Ashton Woods Finance Co.</name>
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        <title>ASHWOO 6.875 08/01/33 144A</title>
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        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 3.875 09/15/28</title>
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        <name>TENNECO INC</name>
        <lei>549300U0EXXFAQFAD785</lei>
        <title>N/A</title>
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        <name>MGM Resorts International</name>
        <lei>54930066VBP7DZEGGJ87</lei>
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      <invstOrSec>
        <name>Nissan Motor Co Ltd.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Cleveland-Cliffs Inc</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
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        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
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        <balance>235000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Voltagrid LLC</name>
        <lei>254900R5BEUGIKK1FM03</lei>
        <title>VOLTAG 7.375 11/01/30 144A</title>
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          <isin value="US92874BAA35"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STWD 6.5 07/01/30 144A</title>
        <cusip>85571BBD6</cusip>
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          <isin value="US85571BBD64"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104018.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>SCIENTIFIC GAMES US FINCO INC</name>
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          <isin value="US80874DAA46"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Kodiak Gas Services LLC</name>
        <lei>549300ZQBRWEUOVOM131</lei>
        <title>KGS 6.75 10/01/35 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Davita Inc</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DVA 4.625 06/01/30 144A</title>
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        <name>ALLIED UNIVERSAL HOLDCO LLC</name>
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        <title>UNSEAM 6 06/01/29 144A</title>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <name>Permian Resources Operating, LLC</name>
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        <name>BNP PARIBAS SECURITIES CORP.</name>
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        <name>Freedom Mortgage Holdings LLC</name>
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        <name>Viking Cruises, Ltd.</name>
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        <name>WULF Compute LLC</name>
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        <name>Transocean International Ltd.</name>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>NRG Energy, Inc.</name>
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        <name>Solstice Advanced Materials Inc.</name>
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        <name>SWF Holdings I Corp.</name>
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        <name>LABL INC</name>
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        <name>Beazer Homes USA Inc.</name>
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        <name>Arsenal AIC Parent LLC</name>
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        <name>Lindblad Expeditions LLC</name>
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        <name>ROCKET MORTGAGE LLC</name>
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        <name>CoreWeave Inc.</name>
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        <name>Transocean International Ltd.</name>
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        <name>BRIGHTSTAR LOTTERY PLC</name>
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        <name>Block Inc</name>
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        <name>Champion Iron Canada Inc.</name>
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        <name>Inversion Escrow Issuer LLC</name>
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        <name>ACCO Brands Corporation</name>
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        <name>Venture Global LNG Inc.</name>
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        <name>Howard Midstream Energy Partners Llc</name>
        <lei>N/A</lei>
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        <name>Griffon Corp</name>
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        <title>GFF 5.75 03/01/28</title>
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        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HRI 6.625 06/15/29 144A</title>
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        <name>NCR Voyix Corporation</name>
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        <name>MGM Resorts International</name>
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        <name>LCM Investments Holdings II LLC</name>
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        <name>Chart Industries Inc</name>
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        <title>GTLS 7.5 01/01/30 144A</title>
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        <name>Mattamy Group Corp</name>
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        <name>LEGACY LIFEPOINT HEALTH INC</name>
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        <title>LifePoint Health Term Loan B 375 2031-05-01</title>
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        <name>New Flyer Holdings Inc.</name>
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        <name>Starwood Property Trust, Inc.</name>
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        <title>STWD 7.25 04/01/29 144A</title>
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        <name>Beazer Homes USA Inc.</name>
        <lei>549300DUPYT2T0F60I45</lei>
        <title>BZH 5.875 10/15/27</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Trimas Corporation</name>
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        <valUSD>962857.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Carnival Corporation</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
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        <valUSD>1956196.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
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        <cusip>893830BX6</cusip>
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          <isin value="US893830BX61"/>
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        <curCd>USD</curCd>
        <valUSD>4527985.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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        <name>UNITED RENTALS (NORTH AMERICA) INC</name>
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        <title>URI 3.875 02/15/31</title>
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          <isin value="US911363AM11"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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        <name>CSC Holdings, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 5.5 04/15/27 144A</title>
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          <isin value="US126307AQ03"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Taylor Morrison Communities Inc</name>
        <lei>549300O1Z08HI2MRK572</lei>
        <title>TMHC 5.125 08/01/30 144A</title>
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          <isin value="US87724RAJ14"/>
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        <valUSD>2545391.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RHP HOTEL PROPERTIES LP</name>
        <lei>549300SJMSMA2471GA96</lei>
        <title>RHP 4.5 02/15/29 144A</title>
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          <isin value="US749571AG03"/>
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        <balance>131000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129214.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.5 11/30/30</title>
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          <isin value="US91282CPN55"/>
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        <balance>7690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7686395.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Airlines Pass Through Trust 2016-3A</name>
        <lei>N/A</lei>
        <title>AAL 7.25 02/15/28 144A</title>
        <cusip>023771T32</cusip>
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          <isin value="US023771T329"/>
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        <balance>2708000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2759371.51000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>CLARIOS GLOBAL LP</name>
        <lei>549300474L1ZLXZY2P98</lei>
        <title>POWSOL 6.75 09/15/32 144A</title>
        <cusip>18060TAE5</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-15</maturityDt>
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        <name>Tenet Healthcare Corporation</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>THC 6.875 11/15/31</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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        <name>Axon Enterprise Inc</name>
        <lei>549300QP2IEEGFE16681</lei>
        <title>AXON 6.125 03/15/30 144A</title>
        <cusip>05464CAC5</cusip>
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        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HRI 7 06/15/30 144A</title>
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        <name>MGM Resorts International</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM 6.125 09/15/29</title>
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        <name>SUNOCO LP</name>
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        <title>SUN 4.5 04/30/30</title>
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        <name>SBA Communications Corp.</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBAC 3.125 02/01/29</title>
        <cusip>78410GAG9</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Ryan Specialty LLC</name>
        <lei>549300K52N7QBO3PYY45</lei>
        <title>RYASPE 5.875 08/01/32 144A</title>
        <cusip>78351GAA3</cusip>
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        <balance>525000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Empire Communities Corp.</name>
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        <name>Rivers Enterprise Borrower LLC / Rivs Enterprise Fin Corp.</name>
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        <name>Standard Building Solutions Inc.</name>
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        <name>ALTICE FINANCING SA</name>
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        <name>ARDAGH METAL PACKAGING FINANCE USA LLC</name>
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        <name>Venture Global LNG Inc.</name>
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        <name>Chart Industries Inc</name>
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        <title>GTLS 9.5 01/01/31 144A</title>
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        <name>Matador Resources Company</name>
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        <name>Smyrna Ready Mix Concrete LLC</name>
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        <name>Tri Pointe Homes Inc</name>
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        <name>United Rentals (North America), Inc.</name>
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        <name>Transocean International Ltd.</name>
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        <name>SHIFT4 PAYMENTS LLC</name>
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        <name>Bombardier Inc.</name>
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        <name>Ball Corporation</name>
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        <name>Lamb Weston Holdings Inc</name>
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        <name>NCR Voyix Corporation</name>
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        <name>Nissan Motor Co Ltd.</name>
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        <name>Rocket Companies Inc</name>
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        <name>Owens Brockway Glass Container Inc.</name>
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        <name>Commercial Metals Company</name>
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        <name>Millrose Properties Inc.</name>
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        <title>MRP 6.25 09/15/32 144A</title>
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        <name>OneMain Financial Corporation</name>
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        <name>Venture Global LNG Inc.</name>
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        <name>Nissan Motor Co Ltd.</name>
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        <name>Bausch Health Companies Inc.</name>
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        <name>Wesco Distribution, Inc.</name>
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        <name>Organon &amp; Co</name>
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        <name>Range Resources Corp.</name>
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        <title>RRC 4.75 02/15/30 144A</title>
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      <invstOrSec>
        <name>Ggam Finance Ltd.</name>
        <lei>254900X2QXEN0FVXRF65</lei>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ATI Inc</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Topbuild Corporation</name>
        <lei>5493007YSKHOL4RWII46</lei>
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          <isin value="US89055FAB94"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ford Motor Company</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>F 7.4 11/01/46</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.40000000</annualizedRt>
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      <invstOrSec>
        <name>Expand Energy Corp.</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>EXE 5.875 02/01/29 144A</title>
        <cusip>165167DG9</cusip>
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          <isin value="US165167DG90"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>875294.16000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>VENATOR FINANCE SARL</name>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2028-10-12</maturityDt>
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        <name>Lumen Technologies Inc</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>LUMN 5.375 06/15/29 144A</title>
        <cusip>550241AA1</cusip>
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          <isin value="US550241AA19"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>670512.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Clean Harbors, Inc.</name>
        <lei>5493000SJVZVZJKHJF48</lei>
        <title>CLH 6.375 02/01/31 144A</title>
        <cusip>184496AQ0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 5.375 11/15/29</title>
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        <balance>971000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Frontier Communications Holdings Llc</name>
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        <title>FYBR 5.875 11/01/29</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Millrose Properties Inc.</name>
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        <title>MRP 6.375 08/01/30 144A</title>
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        <name>ARD Finance S.A.</name>
        <lei>6354006P6QPGGPVJW880</lei>
        <title>ARDFIN 6.5 06/30/27 144A</title>
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        <name>Stl Holding Company Llc</name>
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        <title>DSLDHM 8.75 02/15/29 144A</title>
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        <name>Wesco Distribution, Inc.</name>
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        <title>WCC 6.375 03/15/33 144A</title>
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        <name>VISTAJET MALTA FINANCE PLC</name>
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        <name>Perimeter Holdings LLC</name>
        <lei>N/A</lei>
        <title>PRM 6.25 01/15/34 144A</title>
        <cusip>71384AAA2</cusip>
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        <name>NCL Corporation Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCLH 7.75 02/15/29 144A</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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        <name>Bausch Health Companies Inc.</name>
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        <name>Digicel Group Holdings Ltd.</name>
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        <name>ARKO Corp.</name>
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        <name>X AI LLC / X AI Co Issuer Corp.</name>
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        <name>Adient Global Holdings Ltd</name>
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        <name>Amsted Industries Incorporated</name>
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        <name>AMERIGAS PARTNERS LP</name>
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        <title>APU 5.75 05/20/27</title>
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        <name>Crescent Energy Finance LLC</name>
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        <name>The Gap Inc.</name>
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        <name>DIGICEL INTERNATIONAL FINANCE LTD</name>
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        <name>Bausch Health Companies Inc.</name>
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        <name>United States Treasury Notes</name>
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        <name>Acrisure</name>
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        <name>Madison IAQ LLC</name>
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        <name>Encore Capital Group Inc.</name>
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        <name>Pennymac Financial Services Inc</name>
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        <name>iHeartCommunications Inc</name>
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        <name>Windsor Holdings III LLC</name>
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          <maturityDt>2030-06-15</maturityDt>
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        <name>WarnerMedia Holdings Inc.</name>
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        <name>Pm General Purchaser Llc</name>
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        <name>Crescent Energy Finance LLC</name>
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        <name>Valaris Ltd.</name>
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        <name>Wesco Distribution, Inc.</name>
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        <name>Macquarie Airfinance Holdings Ltd</name>
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        <name>Venture Global Plaquemines Lng LLC</name>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC</name>
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        <name>Century Aluminum Company</name>
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        <name>Builders Firstsource, Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BLDR 5 03/01/30 144A</title>
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        <name>Amsted Industries Incorporated</name>
        <lei>N2VLGYMEEBIU3PFSUY86</lei>
        <title>AMSIND 4.625 05/15/30 144A</title>
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        <name>The Gap Inc.</name>
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        <name>Hilton Domestic Operating Co Inc.</name>
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        <name>Patrick Industries Inc.</name>
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        <name>GrafTech Finance Inc.</name>
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          <maturityDt>2029-12-23</maturityDt>
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        <name>CHS/Community Health Systems Inc</name>
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        <name>VT Topco Inc.</name>
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        <name>Pennymac Financial Services Inc</name>
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        <name>Caesars Entertainment Inc.</name>
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        <name>Clean Harbors, Inc.</name>
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        <name>SUNOCO LP</name>
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        <name>Encore Capital Group Inc.</name>
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        <name>Herc Holdings Inc</name>
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        <name>Newell Brands Inc.</name>
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        <name>GFL Environmental Inc.</name>
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        <title>GFLCN 4 08/01/28 144A</title>
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        <name>Bombardier Inc.</name>
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        <title>BBDBCN 6.75 06/15/33 144A</title>
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        <invCountry>CA</invCountry>
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        <name>Clydesdale Acquisition Holdings Inc.</name>
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        <name>EchoStar Corp.</name>
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        <name>Univision Communications Inc.</name>
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        <name>United Airlines Holdings Inc</name>
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        <name>Olympus Water US Holding Corp.</name>
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        <name>NUMERICABLE US LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Noble Finance II LLC.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Encore Capital Group Inc.</name>
        <lei>5493000UVC6H49CIH830</lei>
        <title>ECPG 9.25 04/01/29 144A</title>
        <cusip>292554AQ5</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Wynn Resorts Finance Llc / Wynn Resorts Capital Corp</name>
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          <isin value="US983133AD10"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Olympus Water US Holding Corp.</name>
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        <title>SOLEIN 7.25 06/15/31 144A</title>
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          <isin value="US681639AD27"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
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      <invstOrSec>
        <name>Wolverine World Wide, Inc.</name>
        <lei>549300OVC7PK14LQ8D87</lei>
        <title>WWW 4 08/15/29 144A</title>
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        <balance>5058000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>GO DADDY OPERATING CO LLC</name>
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        <title>GDDY 3.5 03/01/29 144A</title>
        <cusip>38016LAC9</cusip>
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          <isin value="US38016LAC90"/>
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        <balance>1459000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Gen Digital Inc</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
        <title>GEN 6.75 09/30/27 144A</title>
        <cusip>668771AK4</cusip>
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          <isin value="US668771AK49"/>
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        <balance>3973000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4010927.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>LBM ACQUISITION LLC</name>
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        <title>US LBM Term Loan B (Incremental) 375 2031-05-16</title>
        <cusip>50179JAH1</cusip>
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        <curCd>USD</curCd>
        <valUSD>144025.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-06</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>PARK INTERMEDIATE HOLDINGS LLC</name>
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        <title>PK 7 02/01/30 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HILCORP ENERGY I LP</name>
        <lei>549300ITPIHLG0LHEC09</lei>
        <title>HILCRP 6 04/15/30 144A</title>
        <cusip>431318AY0</cusip>
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        <balance>801000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Wynn Macau Ltd.</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
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        <cusip>98313RAH9</cusip>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Bellis Acquisition Co PLC</name>
        <lei>259400CYE2267UB4A481</lei>
        <title>ASSDLN 8 07/01/31 REGS</title>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>DIAMOND SPORTS GRP LLC- CS</name>
        <lei>N/A</lei>
        <title>DIAMOND SPORTS GRP LLC- CS</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Pilgrims Pride Corporation</name>
        <lei>549300ZSLGV64ZL3HD75</lei>
        <title>PPC 4.25 04/15/31</title>
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        <balance>457000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>HudBay Minerals Inc</name>
        <lei>894500LX3TMESP27BE29</lei>
        <title>HBMCN 4.5 04/01/26 144A</title>
        <cusip>443628AJ1</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Nabors Industries, Inc.</name>
        <lei>549300VFQWRKICUFNU92</lei>
        <title>NBR 9.125 01/31/30 144A</title>
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        <assetCat>DBT</assetCat>
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        <name>Freedom Mortgage Corporation</name>
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        <name>Caesars Entertainment Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RADIATE HOLDCO LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISH DBS Corporation</name>
        <lei>N/A</lei>
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        <name>Cipher Compute LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennymac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PFSI 6.875 05/15/32 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HERITAGE PWR LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freedom Mortgage Corporation</name>
        <lei>549300LYRWPSYPK6S325</lei>
        <title>FREMOR 12.25 10/01/30 144A</title>
        <cusip>35640YAL1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Clarivate Science Holdings Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Hertz Corp.</name>
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        <cusip>428040DA4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>SM ENERGY COMPANY</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <name>PARK INTERMEDIATE HOLDINGS LLC</name>
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        <title>PK 5.875 10/01/28 144A</title>
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        <name>MPT OPERATING PARTNERSHIP LP</name>
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        <title>MPW 3.5 03/15/31</title>
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        <name>MIWD HOLDCO II LLC</name>
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        <title>MIWIDO 5.5 02/01/30 144A</title>
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        <name>White Cap Supply Holdings LLC</name>
        <lei>254900L2N0T6GULCL366</lei>
        <title>WHTCAP 7.375 11/15/30 144A</title>
        <cusip>96467GAC2</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
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        <name>GLOBAL PARTNERS LP</name>
        <lei>549300PCHWTW9P4DU444</lei>
        <title>GLP 7.125 07/01/33 144A</title>
        <cusip>37954FAL8</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PARK INTERMEDIATE HOLDINGS LLC</name>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
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        <name>Wynn Resorts Finance Llc / Wynn Resorts Capital Corp</name>
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        <name>Level 3 Financing, Inc.</name>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
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        <name>Ashton Woods (USA) LLC/Ashton Woods Finance Co.</name>
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        <name>SK Invictus Intermediate II S.a.r.l.</name>
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        <name>Bausch Health Companies Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 11 09/30/28 144A</title>
        <cusip>071734AQ0</cusip>
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        <name>Acrisure</name>
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        <name>United States Treasury Notes</name>
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        <title>T 4.625 02/15/35</title>
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        <name>Fortress Intermediate 3 Inc.</name>
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        <title>PSDO 7.5 06/01/31 144A</title>
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        <name>TransDigm, Inc.</name>
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        <name>Roller Bearing Company of America Inc.</name>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>AMERICAN AIRLINES INC</name>
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        <name>Pennymac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PFSI 6.75 02/15/34 144A</title>
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        <name>EchoStar Corp.</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>SATS 10.75 11/30/29 .</title>
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        <name>Connect Holding II LLC</name>
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        <name>Cleveland-Cliffs Inc</name>
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        <name>XPLORE INC</name>
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        <name>AMERIGAS PARTNERS LP</name>
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        <name>Frontier Communications Holdings Llc</name>
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        <name>Viking Ocean Cruises Ship Vii Limited</name>
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        <name>OneMain Financial Corporation</name>
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        <name>Wesco Distribution, Inc.</name>
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        <name>Tenneco</name>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
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        <name>Comstock Resources, Inc.</name>
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        <name>ALTICE FRANCE HOLDING SA</name>
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        <title>SFRFP 9.5 11/01/29 144A</title>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
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        <title>TEP 6.75 03/15/34 144A</title>
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        <name>WEX Inc</name>
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        <name>Sensata Technologies BV</name>
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        <name>Freedom Funding Century LLC</name>
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        <name>Olympus Water US Holding Corp.</name>
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        <name>Bombardier Inc.</name>
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        <name>Ashton Woods (USA) LLC/Ashton Woods Finance Co.</name>
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        <name>CHS/Community Health Systems Inc</name>
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        <name>Flash Compute LLC</name>
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        <name>NCR Atleos Corp.</name>
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        <name>Cleveland-Cliffs Inc</name>
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        <name>Hertz Corp.</name>
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        <name>DISH DBS Corporation</name>
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        <name>Bombardier Inc.</name>
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        <name>Clydesdale Acquisition Holdings Inc.</name>
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        <name>Reworld Holding Corp.</name>
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        <title>CVA 4.875 12/01/29 144A</title>
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        <name>Carnival Corporation</name>
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        <name>SS&amp;C Technologies, Inc.</name>
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        <name>Quikrete</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brundage-Bone Concrete Pumping Holdings Inc.</name>
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        <name>Seagate Data Storage Technology Pte. Ltd.</name>
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        <name>Shea Homes Limited Partnership</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ncl Finance Limited</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HILCORP ENERGY I LP</name>
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          <maturityDt>2032-04-15</maturityDt>
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        <name>Comstock Resources, Inc.</name>
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        <name>Rockies Express Pipeline LLC</name>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
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        <name>FERRELLGAS ESCROW LLC 3/30/31 Equity Preferred</name>
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        <name>Altice France SAS</name>
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        <name>Wynn Macau Ltd.</name>
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        <name>ANTERO MIDSTREAM PARTNERS LP</name>
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        <name>Wynn Resorts Finance Llc / Wynn Resorts Capital Corp</name>
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        <name>Patrick Industries Inc.</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
        <title>PATK 4.75 05/01/29 144A</title>
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        <name>Bausch Health Companies Inc.</name>
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        <name>New Home Company Inc</name>
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        <name>STANDARD BUILDING SOLUTIONS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CSC Holdings (Cablevision/Altice USA)</name>
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          <maturityDt>2027-04-15</maturityDt>
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        <name>Magnera Corp.</name>
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        <title>MAGN 7.25 11/15/31 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Standard Building Solutions Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>BMCAUS 6.25 08/01/33 144A</title>
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        <balance>889000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>JB Poindexter &amp; Co Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Mineral Resources Ltd.</name>
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        <title>MINAU 7 04/01/31 144A</title>
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        <curCd>USD</curCd>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DISH Network Corporation</name>
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        <name>UNITI SERVICES LLC</name>
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        <title>UNIT 7.5 10/15/33 144A</title>
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        <name>Forestar Group Inc.</name>
        <lei>549300BC2UB0GHV60V70</lei>
        <title>FOR 5 03/01/28 144A</title>
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        <name>Blue Racer Midstream, LLC / Blue Racer Finance Corp</name>
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        <name>ViaSat</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>ViaSat Term Loan B (Incremental) 450 2030-05-01</title>
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        <name>Park River Holdings Inc</name>
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        <title>PRIMBP 8 03/15/31 144A</title>
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        <name>Uniti Service LLC / Uniti Fiber Holdings Inc. / Uniti Group Finance 2019 Inc. / CSL Capital LLC</name>
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        <name>GLOBAL PARTNERS LP</name>
        <lei>549300PCHWTW9P4DU444</lei>
        <title>GLP 8.25 01/15/32 144A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Allied Universal</name>
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        <name>TransDigm, Inc.</name>
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        <name>The Chemours Company LLC</name>
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        <name>LABL Inc</name>
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        <name>Mineral Resources Ltd.</name>
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        <name>Bank of America Corp.</name>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
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        <name>Park River Holdings Inc</name>
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        <name>Altice France SAS</name>
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        <name>Voc Escrow Ltd</name>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>CHS/Community Health Systems Inc</name>
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        <name>Sinclair Television Group, Inc.</name>
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        <name>TOUCAN FINCO LTD</name>
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        <name>CoreWeave Inc.</name>
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        <name>NRG Energy, Inc.</name>
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        <name>Lithia Motors Incorporated</name>
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        <name>Expand Energy Corp.</name>
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        <name>Diamond Foreign Asset Co. / Diamond Finance LLC</name>
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        <name>UNITI SERVICES LLC</name>
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        <name>Cornerstone Building Brands Inc</name>
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        <name>SV RNO Property Owner 1 LLC</name>
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        <name>Venture Global Calcasieu Pass LLC</name>
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        <name>GLOBAL PARTNERS LP</name>
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        <name>Adapthealth Llc</name>
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        <name>M/I Homes Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mineral Resources Ltd.</name>
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        <name>Mineral Resources Ltd.</name>
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        <name>Brandywine Operating Partnership L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMN Healthcare Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Coronado Finance Pty Limited</name>
        <lei>549300NS5FS0W548RE27</lei>
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      <invstOrSec>
        <name>Rithm Capital Corp.</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>RITM 8 04/01/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Forestar Group Inc.</name>
        <lei>549300BC2UB0GHV60V70</lei>
        <title>FOR 6.5 03/15/33 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
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        <name>XPO Inc</name>
        <lei>54930096DB9LCLPN7H13</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Waste Pro USA Inc</name>
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        <title>WASPRO 7 02/01/33 144A</title>
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        <name>HILCORP ENERGY I LP</name>
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        <name>HOWARD HUGHES CORP (THE)</name>
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        <name>Xplornet - Contingent Value Rights</name>
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        <name>The Scotts Miracle-Gro Company</name>
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        <name>BIG RIVER STEEL LLC</name>
        <lei>549300FDOTXSG1N4RG27</lei>
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        <name>Altice France SA Equity</name>
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        <name>Ford Motor Company</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>F 4.75 01/15/43</title>
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        <name>ASURION LLC</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>ASUCOR 8.375 02/01/34 144A</title>
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        <name>Venture Global LNG Inc.</name>
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        <name>Newell Brands Inc.</name>
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        <name>Columbus McKinnon Corp.</name>
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        <name>Maxim Crane Works Holdings Capital LLC</name>
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        <name>1261229 Bc Ltd.</name>
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        <name>Prime Healthcare Services Inc</name>
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        <name>Navient Corporation</name>
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        <name>Brandywine Operating Partnership L.P.</name>
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        <name>Nesco Holdings II Incorporated</name>
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        <name>United States Treasury Notes</name>
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        <name>Bausch Health Companies Inc.</name>
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        <title>BHCCN 5 01/30/28 144A</title>
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        <name>NRG Energy, Inc.</name>
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        <name>Nissan Motor Acceptance Co LLC</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
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        <name>Rithm Capital Corp.</name>
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        <name>HOWARD HUGHES CORP (THE)</name>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <name>RHP HOTEL PROPERTIES LP</name>
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        <name>Ardagh Group SA / Ardagh Packaging Finance PLC</name>
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        <name>Eldorado Gold Corp</name>
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        <name>Lithia Motors Incorporated</name>
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        <title>LAD 4.625 12/15/27 144A</title>
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        <name>ACRISURE LLC</name>
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        <name>TransDigm, Inc.</name>
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        <name>HERITAGE PWR LLC</name>
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        <name>HOWARD HUGHES CORP (THE)</name>
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        <name>Post Holdings Inc.</name>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Navient Corporation</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Neptune BidCo US Inc.</name>
        <lei>549300VG15T3VCYZ4531</lei>
        <title>NLSN 9.5 02/15/33 144A</title>
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        <balance>685000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
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      <invstOrSec>
        <name>Virgin Media Secured Finance PLC</name>
        <lei>213800X3RLP4NOTPY579</lei>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Ardagh Holdings SA</name>
        <lei>549300SO59UL53O4D221</lei>
        <title>Ardagh Holdings SA</title>
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        <balance>59.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Smyrna Ready Mix Concrete LLC</name>
        <lei>549300S7RFWHQFOIOY93</lei>
        <title>SMYREA 6 11/01/28 144A</title>
        <cusip>85236FAA1</cusip>
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          <isin value="US85236FAA12"/>
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        <balance>692000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>691964.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>The Scotts Miracle-Gro Company</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>SMG 4 04/01/31</title>
        <cusip>810186AX4</cusip>
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          <isin value="US810186AX41"/>
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        <balance>3215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3041066.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>ANTERO MIDSTREAM PARTNERS LP</name>
        <lei>529900HFO1BDEIT4QU11</lei>
        <title>AM 5.375 06/15/29 144A</title>
        <cusip>03690AAH9</cusip>
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          <isin value="US03690AAH95"/>
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        <balance>860000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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      <invstOrSec>
        <name>Archrock Services LP / Archrock Partners Finance Corp.</name>
        <lei>N/A</lei>
        <title>AROC 6 02/01/34 144A</title>
        <cusip>03958CAA7</cusip>
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          <isin value="US03958CAA71"/>
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          <maturityDt>2034-02-01</maturityDt>
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      <invstOrSec>
        <name>GFL Environmental Inc.</name>
        <lei>894500E7NLBY9VZRT696</lei>
        <title>GFLCN 4.75 06/15/29 144A</title>
        <cusip>36168QAN4</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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        <name>Snap Inc</name>
        <lei>549300JNC0L6VP8A2Q35</lei>
        <title>SNAP 6.875 03/01/33 144A</title>
        <cusip>83304AAL0</cusip>
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        <balance>1548000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
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        <name>Frontier Communications Holdings Llc</name>
        <lei>N/A</lei>
        <title>FYBR 8.625 03/15/31 144A</title>
        <cusip>35908MAE0</cusip>
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          <maturityDt>2031-03-15</maturityDt>
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      <invstOrSec>
        <name>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST 6.25 10/15/34 144A</title>
        <cusip>737446AX2</cusip>
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        <name>HOWARD HUGHES CORP (THE)</name>
        <lei>549300BVHY25JZC1KI49</lei>
        <title>HHH 4.375 02/01/31 144A</title>
        <cusip>44267DAF4</cusip>
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        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 4.625 05/01/30 144A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
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      <invstOrSec>
        <name>LSF12 Helix Parent LLC</name>
        <lei>254900H70V4IL22BHL88</lei>
        <title>HI 7.125 02/01/33 144A</title>
        <cusip>548916AA3</cusip>
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        <balance>645000.00000000</balance>
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        <valUSD>647273.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HUB International Ltd.</name>
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        <name>AVIS BUDGET CAR RENTAL LLC</name>
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        <name>Citigroup Inc.</name>
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        <name>CSC Holdings, LLC</name>
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        <name>CDI ESCROW ISSUER INC</name>
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        <name>Skillsoft</name>
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        <name>Matador Resources Company</name>
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        <name>Sensata Technologies Inc</name>
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        <name>(PIPA070) PGIM Core Government Money Market Fund</name>
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        <name>Snap Inc</name>
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        <name>RADIATE HOLDCO LLC</name>
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        <name>Amwins Group Inc</name>
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        <name>RHP Hotel Properties LP / RHP Finance Corporation</name>
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        <name>Phoenix Aviation Capital</name>
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        <name>ACRISURE LLC</name>
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        <name>Capstone Copper Corp</name>
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        <name>Bausch Health Companies Inc.</name>
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        <name>NRG Energy, Inc.</name>
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        <name>Topbuild Corporation</name>
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        <name>Tenneco LLC</name>
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        <name>XPLORE INC</name>
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        <name>Lithia Motors Incorporated</name>
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        <name>HILCORP ENERGY I LP</name>
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        <name>FIRST BRANDS GROUP LLC</name>
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        <name>Quikrete Holdings Inc</name>
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        <name>Navient Corporation</name>
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        <name>Carnival Corporation</name>
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        <name>Tenet Healthcare Corporation</name>
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        <name>GFL Environmental Holdings (US) Inc.</name>
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        <name>Newell Brands Inc.</name>
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        <name>TALLGRASS ENERGY PARTNERS LP</name>
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        <name>United Rentals (North America), Inc.</name>
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        <name>Mavis Tire Express Services Topco Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Frontier Communications Holdings Llc</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Bausch Health Companies Inc.</name>
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        <name>ROCKET MORTGAGE LLC</name>
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        <name>Service Corporation International</name>
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        <name>DIGICEL INTL FIN LTD Common Equity</name>
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        <name>Amwins Group Inc</name>
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        <name>GFL Environmental Inc.</name>
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        <name>CSC Holdings, LLC</name>
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        <name>Nissan Motor Acceptance Co LLC</name>
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        <name>PENN Entertainment Inc</name>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC</name>
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        <title>ASCRES 9 11/01/27 144A</title>
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        <name>ANTERO MIDSTREAM PARTNERS LP</name>
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        <name>Beazer Homes USA Inc.</name>
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        <name>MPH Acquisition Holdings LLC</name>
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        <name>Ferrellgas Partners LP</name>
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        <name>Novelis Corporation</name>
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        <name>AMERICAN AIRLINES INC</name>
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        <name>Level 3 Financing, Inc.</name>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CBOE FUTURES EXCHANGE</name>
        <lei>254900O9GJPIWCP8RH13</lei>
        <title>CBOE IBOXX ISHARES $ HIGH YIELD CORPORATE BOND INDEX FUTURES, Jun-2026,ETH</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="IBHY/M6"/>
          <other otherDesc="FIGI" value="BBG01X11PW13"/>
        </identifiers>
        <balance>29.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-15899.46000000</valUSD>
        <pctVal>-0.00126802733</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CBOE FUTURES EXCHANGE</counterpartyName>
              <counterpartyLei>254900O9GJPIWCP8RH13</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CBOE FUTURES EXCHANGE, LLC</issuerName>
                <issueTitle>IBOXX ISHR BOND INDEX</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <ticker value="IBYH6"/>
                  <other otherDesc="INTERNAL" value="IBXXIBHY_INDEX_US"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-01</expDate>
            <notionalAmt>5289259.46000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-15899.46000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GoEasy Limited</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>GSYCN 7.625 07/01/29 144A</title>
        <cusip>380355AJ6</cusip>
        <identifiers>
          <isin value="US380355AJ63"/>
        </identifiers>
        <balance>1571000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1472812.50000000</valUSD>
        <pctVal>0.117461002637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Diversified Healthcare Trust</name>
        <lei>N/A</lei>
        <title>DHC 4.375 03/01/31</title>
        <cusip>25525PAB3</cusip>
        <identifiers>
          <isin value="US25525PAB31"/>
        </identifiers>
        <balance>29000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26198.07000000</valUSD>
        <pctVal>0.002089370893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</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>Gray Media Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GTN 5.375 11/15/31 144A</title>
        <cusip>389286AA3</cusip>
        <identifiers>
          <isin value="US389286AA34"/>
        </identifiers>
        <balance>540000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>426702.54000000</valUSD>
        <pctVal>0.034030746056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>Bread Financial Holdings Inc</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>BFH V8.375 06/15/35 144A</title>
        <cusip>018581AQ1</cusip>
        <identifiers>
          <isin value="US018581AQ17"/>
        </identifiers>
        <balance>518000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>528003.45000000</valUSD>
        <pctVal>0.042109782903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</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>Phinia Inc.</name>
        <lei>254900HG6MORZE1FFM18</lei>
        <title>PHIN 6.75 04/15/29 144A</title>
        <cusip>71880KAA9</cusip>
        <identifiers>
          <isin value="US71880KAA97"/>
        </identifiers>
        <balance>3936000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4072184.33000000</valUSD>
        <pctVal>0.324768328843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>SM ENERGY COMPANY</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM 8.375 07/01/28 144A</title>
        <cusip>17888HAA1</cusip>
        <identifiers>
          <isin value="US17888HAA14"/>
        </identifiers>
        <balance>2032000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2100117.60000000</valUSD>
        <pctVal>0.167490375693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</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>ILIAD HOLDING SAS</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>ILIADH 7 10/15/28 144A</title>
        <cusip>449691AC8</cusip>
        <identifiers>
          <isin value="US449691AC82"/>
        </identifiers>
        <balance>4314000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4364430.66000000</valUSD>
        <pctVal>0.348075808199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 4.625 01/15/29</title>
        <cusip>893647BP1</cusip>
        <identifiers>
          <isin value="US893647BP15"/>
        </identifiers>
        <balance>1320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1315164.27000000</valUSD>
        <pctVal>0.104888106114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAGNERA CORP</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>TREASURE HOLDCO INC</title>
        <cusip>89458XAB3</cusip>
        <identifiers>
          <isin value="US89458XAB38"/>
          <other otherDesc="INTERNAL" value="BL4587764"/>
        </identifiers>
        <balance>52459.39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52459.39000000</valUSD>
        <pctVal>0.004183786155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.91360000</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>DIAMOND SPORTS GRP LLC- WARRANTS</name>
        <lei>N/A</lei>
        <title>DIAMOND SPORTS GRP LLC- WARRANTS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="B8AD9KJQ2"/>
        </identifiers>
        <balance>22257.63000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.22000000</valUSD>
        <pctVal>0.000000017545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-23</ncom:dateSigned>
      <ncom:nameOfApplicant>PGIM ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Christian J. Kelly</ncom:signature>
      <ncom:signerName>Christian J. Kelly</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
