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        <name>Mavis Tire Express Services Topco Corp</name>
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        <name>Arcosa, Inc.</name>
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        <name>IMA FINANCIAL GROUP</name>
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        <name>Focus Financial Partners LLC</name>
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        <name>Genesys Cloud Services Holdings II LLC (f/k/a Greeneden US Holdings II LLC)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tronox Finance LLC</name>
        <lei>549300LMZ1DX1PWSP524</lei>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cablevision Lightpath LLC</name>
        <lei>5493002ZVBLRLGES1R71</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ineos US Petrochem LLC</name>
        <lei>N/A</lei>
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        <balance>73687.50000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-14</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Fender Musical Instruments Corporation</name>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>The Bank of New York Mellon</name>
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      <invstOrSec>
        <name>Camelot US Acquisition I Co</name>
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        <title>CLARIVATE (CAMEL 01/25/31</title>
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          <isin value="XAL2000AAF74"/>
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        <curCd>USD</curCd>
        <valUSD>2750.16000000</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>2031-01-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.07681000</annualizedRt>
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      <invstOrSec>
        <name>Lumen Technologies, Inc.</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>LUMEN TECHNOLOGIES INC</title>
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          <isin value="US55024EAG08"/>
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        <curCd>USD</curCd>
        <valUSD>49458.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Aventiv Technologies (3/24) 1st Lien</name>
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        <title>AVENTIV TEC 07/31/25</title>
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          <isin value="US05358AAQ76"/>
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        <curCd>USD</curCd>
        <valUSD>4684.54000000</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>2025-07-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.06078000</annualizedRt>
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      <invstOrSec>
        <name>Qualitytech, LP</name>
        <lei>549300GWD2FYVWRWCZ90</lei>
        <title>QUALITYTE 11/04/31</title>
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          <isin value="US74758JAB35"/>
          <other otherDesc="INTERNAL" value="BL4803666"/>
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        <curCd>USD</curCd>
        <valUSD>297750.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.83154000</annualizedRt>
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      <invstOrSec>
        <name>Hayfin US XV, Ltd.</name>
        <lei>N/A</lei>
        <title>Hayfin US XV Ltd</title>
        <cusip>420916AG3</cusip>
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          <isin value="US420916AG39"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>Pegasus Bidco Bv</name>
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        <title>Pegasus Bid 07/12/29</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>Atlas Static Senior Loan Fund</name>
        <lei>N/A</lei>
        <title>Atlas Static Senior Loan Fund I Ltd</title>
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        <invCountry>KY</invCountry>
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        <name>CONVERGEONE HLDGS INC - Equity</name>
        <lei>N/A</lei>
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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>Sound Inpatient Physicians Inc</name>
        <lei>54930047QBMPL027P218</lei>
        <title>SOUND INPATIENT 06/28/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Gates Corporation</name>
        <lei>984500F43C791F4C7894</lei>
        <title>Gates 06/04/31</title>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY &amp; CO. INTERNATIONAL PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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                <issuerName>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</issuerName>
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      </invstOrSec>
      <invstOrSec>
        <name>PMT CREDIT RISK TRANSFER TRUST</name>
        <lei>N/A</lei>
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        <cusip>69392AAA6</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hudson River Trading LLC</name>
        <lei>549300SMOBUC8O5UOE10</lei>
        <title>HUDSON RIVER TRA 03/20/30</title>
        <cusip>44413EAJ7</cusip>
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          <isin value="US44413EAJ73"/>
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        <curCd>USD</curCd>
        <valUSD>264564.35000000</valUSD>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WIN Waste Innovations Holdings Inc</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Azuria Water Solutions Inc</name>
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        <curCd>USD</curCd>
        <valUSD>270665.16000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-17</maturityDt>
          <couponKind>Floating</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Peraton Corp</name>
        <lei>549300EQPCK07ZW63836</lei>
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          <isin value="US71360HAB33"/>
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        <balance>90511.26000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78264.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>8.17681000</annualizedRt>
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      <invstOrSec>
        <name>ROYAL BANK OF CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
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          <isin value="US780082AT05"/>
          <other otherDesc="SEDOL" value="BN6RX39"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470000.00000000</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>2084-11-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Quimper AB</name>
        <lei>549300EI2YNCQDXVO313</lei>
        <title>QUIMP 03/01/30</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BL4797926"/>
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        <balance>450000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88070750"/>
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        <pctVal>0.585489501024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.07800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ocean Trails CLO IX</name>
        <lei>549300LD2JF1INLMST94</lei>
        <title>Ocean Trails CLO IX</title>
        <cusip>67515XBA1</cusip>
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          <isin value="US67515XBA19"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249515.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.01756000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>TPC Group Inc</name>
        <lei>549300K276KVW5JD1583</lei>
        <title>TPC GROU 11/22/31</title>
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          <isin value="US87266EAG08"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>434700.00000000</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>2031-11-21</maturityDt>
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      <invstOrSec>
        <name>Blackstone Mortgage Trust Inc</name>
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        <title>BLACKSTONE MORTG 11/25/28</title>
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        <balance>74581.79000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74022.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. INTERNATIONAL PLC</name>
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        <title>TRS IBXXLLTR INDEX</title>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                <issuerName>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</issuerName>
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      <invstOrSec>
        <name>AL NGPL HOLDINGS LLC</name>
        <lei>254900WKSN3ZUJ0TO315</lei>
        <title>AL NGPL HOLDINGS LLC</title>
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      <invstOrSec>
        <name>Ineos US Petrochem LLC</name>
        <lei>N/A</lei>
        <title>INEOS QU 03/31/29</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Life Time Inc (f/k/a Life Time Fitness Inc)</name>
        <lei>549300PALKE96VYH4X17</lei>
        <title>LIFE TIM 10/22/31</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Life Time Inc (f/k/a Life Time Fitness Inc)</name>
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        <title>LIFE TIM 10/22/31</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EMRLD Borrower LP</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMERALD DEBT MER 05/31/30</title>
        <cusip>26872NAC3</cusip>
        <identifiers>
          <isin value="US26872NAC39"/>
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        <balance>611056.39000000</balance>
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        <curCd>USD</curCd>
        <valUSD>607237.29000000</valUSD>
        <pctVal>0.693076516869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Johnstone Supply LLC</name>
        <lei>N/A</lei>
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        <balance>248750.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CQS US CLO Ltd</name>
        <lei>549300GF7PVRIKZNMY06</lei>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400727.56000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-20</maturityDt>
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      <invstOrSec>
        <name>MH Sub I LLC</name>
        <lei>2549005VFKP807SR8N49</lei>
        <title>MH SUB 12/11/31</title>
        <cusip>45567YAP0</cusip>
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          <isin value="US45567YAP07"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.57681000</annualizedRt>
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      <invstOrSec>
        <name>Action Environmental Group Inc, The</name>
        <lei>549300BB30QUQC86W666</lei>
        <title>ACTION ENVIRONME 10/24/30</title>
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          <isin value="US00507JAF30"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>SOUND INPATIENT PHYSICIANS INC- Class A</name>
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        <balance>7939.67000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>TRS IBXXLLTR INDEX</title>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                <issuerName>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</issuerName>
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        <securityLending>
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      <invstOrSec>
        <name>DIGICEL COMMON EQUITY</name>
        <lei>N/A</lei>
        <title>DIGICEL COMMON EQUITY</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal" value="B8ACA1AC4"/>
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        <balance>9237.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Prairie ECI Acquiror LP</name>
        <lei>254900Q6KU2LVSIISH22</lei>
        <title>PRAIRIE ACQUIR 08/01/29</title>
        <cusip>73955HAE4</cusip>
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          <isin value="US73955HAE45"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Legence Holdings LLC (f/k/a Refficiency Holdings LLC)</name>
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        <title>LEGENCE HLDG 12/16/28</title>
        <cusip>000000000</cusip>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>7.57681000</annualizedRt>
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      <invstOrSec>
        <name>Sound Inpatient Physicians Inc</name>
        <lei>54930047QBMPL027P218</lei>
        <title>Sound Inpatient 06/28/28</title>
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          <isin value="US83607JAE10"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Auris Luxembourg III SARL</name>
        <lei>213800VO63L2OE6QXG55</lei>
        <title>Auris Luxembourg 02/28/29</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Sharp Services LLC (f/k/a Sharp Midco LLC)</name>
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        <title>SHARP SERVICE 12/31/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bip Pipeco Holdings LLC</name>
        <lei>254900VCXW4EPI0VC343</lei>
        <title>BIP PIPECO HLDG 12/06/30</title>
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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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          <couponKind>Floating</couponKind>
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        <name>Bip Pipeco Holdings LLC</name>
        <lei>254900VCXW4EPI0VC343</lei>
        <title>BIP PIPECO HLDG 12/06/30</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Valvoline Inc</name>
        <lei>549300CMHPBEY6VPOT75</lei>
        <title>VALVOLINE INC</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>DXP Enterprises Inc</name>
        <lei>N/A</lei>
        <title>DXP ENTERPRISE 10/11/30</title>
        <cusip>23338DAR7</cusip>
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        <balance>124375.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124763.67000000</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>2030-10-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.07681000</annualizedRt>
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        <name>BARCLAYS BANK PLC</name>
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        <name>Vista Management Holding Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Univision Communications Inc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VISTRA CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF NOVA SCOTIA</name>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIGICEL INTL FIN LTD</name>
        <lei>N/A</lei>
        <title>DIGICEL INTL FIN LTD</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Imagine Learning LLC</name>
        <lei>254900W855WLN58WNJ32</lei>
        <title>WELD NORTH EDUCA 12/17/29</title>
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          <isin value="US94935RAF01"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-21</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Arcis Golf LLC</name>
        <lei>254900ZMGXNNIX4SXQ48</lei>
        <title>ARCIS GOL 11/24/28</title>
        <cusip>03958MAF4</cusip>
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          <isin value="US03958MAF41"/>
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        <balance>77500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>77177.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-24</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>DIVERSIFIED HEALTHCARE T</name>
        <lei>N/A</lei>
        <title>Diversified Healthcare Trust</title>
        <cusip>81721MAM1</cusip>
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          <isin value="US81721MAM10"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4580.65000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>AL NGPL Holdings LLC</name>
        <lei>254900WKSN3ZUJ0TO315</lei>
        <title>AL NGPL HLDG 04/17/28</title>
        <cusip>01021AAB6</cusip>
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          <isin value="US01021AAB61"/>
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        <curCd>USD</curCd>
        <valUSD>285402.17000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.78469000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Mamba Purchaser Inc</name>
        <lei>549300EAB6F7TKRLOT57</lei>
        <title>MAMBA PURCHASE 10/16/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOUND POINT MERIDIAN CAP</name>
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        <title>Sound Point Meridian Capital Inc</title>
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          <ticker value="SPMA"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Blackstone Mortgage Trust Inc</name>
        <lei>549300OLDJ20R2Y2UW20</lei>
        <title>BLACKSTONE MORTG 05/31/29</title>
        <cusip>09259GAF0</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>BROOKFIELD PPTY RET HLD</name>
        <lei>549300K1JD1LDRNBET48</lei>
        <title>BROOKFIELD PROPERTIES RETAIL HOLDING LLC</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>WIN Waste Innovations Holdings Inc</name>
        <lei>549300DJBUN7Z75R2S83</lei>
        <title>WIN WASTE (GRANI 03/31/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Clearwater Analytics LLC</name>
        <lei>894500N8DN2JO5ZDRQ11</lei>
        <title>CLEARWATER ANALY 02/10/32</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>SCIH SALT HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>SCIH SALT HOLDINGS INC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC HOLDINGS, LL 01/17/28</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>HP PHRG Borrower LLC</name>
        <lei>N/A</lei>
        <title>PHRG INTERMEDIAT 02/28/32</title>
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        <name>A-Ap Buyer, Inc.</name>
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        <name>Crosby US Acquisition Corp</name>
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        <name>BrewCo Borrower LLC</name>
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        <name>City Brewing Company LLC</name>
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        <name>Sound Point CLO LTD</name>
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        <name>MOUNTAIN VIEW CLO</name>
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        <name>Pasadena Performance Products LLC</name>
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        <name>Cloudera Inc</name>
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        <name>Igloo Holdings Corp</name>
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        <title>MX HOLDINGS U 02/19/32</title>
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        <name>CHART INDUSTRIES INC</name>
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        <title>Chart Industries Inc</title>
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        <name>BMC Software (Boxer/ Bladelogic)</name>
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        <name>VS Buyer LLC</name>
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        <name>DIG HLDNG/DIG FIN/DIFL</name>
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        <name>VFH Parent LLC</name>
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        <name>Brown Group Holding LLC</name>
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        <name>FALCON'S BEYOND GLOBAL INC-A</name>
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        <title>Falcon's Beyond Global Inc</title>
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        <name>Rockpoint Gas Storage Partners LP</name>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TGP Holdings III LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>First Brands Group LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NGC Ltd</name>
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        <curCd>USD</curCd>
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        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Jupiter Buyer Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TGP Holdings III LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US BANCORP</name>
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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>N/A</maturityDt>
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        <name>Great Outdoors Group LLC</name>
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          <isin value="US07014QAP63"/>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Igloo Holdings Corp</name>
        <lei>549300RKTIVJWNROR778</lei>
        <title>MX HOLDINGS US INC</title>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>Doncasters US Finance LLC</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>Tenneco Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenneco Inc</name>
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        <name>PG Polaris Bidco (Ursa Minor)</name>
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        <title>PG Polaris BidCo 03/26/31</title>
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        <invCountry>LU</invCountry>
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        <name>Gainwell Acquisition Corp</name>
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        <name>QXO Building Products Inc (f/k/a Beacon Roofing Supply Inc.)</name>
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        <name>PG Polaris Bidco (Ursa Minor)</name>
        <lei>254900XMCCB3IEZ2A005</lei>
        <title>PG Polaris BidCo 03/26/31</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lumen Technologies, Inc.</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>Lumen Tec 04/15/30</title>
        <cusip>55024EAG0</cusip>
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        <valUSD>443996.45000000</valUSD>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Recess Holdings Inc</name>
        <lei>N/A</lei>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Doncasters US Finance LLC</name>
        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>AIP RD Buyer Corp</name>
        <lei>N/A</lei>
        <title>RELADYNE 01/25/29</title>
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          <other otherDesc="INTERNAL" value="BL3835958"/>
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        <curCd>USD</curCd>
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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>2030-12-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.32681000</annualizedRt>
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      <invstOrSec>
        <name>Covanta Holding Corporation</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIGICEL GROUP HOLDINGS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Hunter Douglas Holding BV</name>
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          <isin value="XAN8137FAE06"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Broadstreet Partners Inc</name>
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        <title>BROADSTREET PART 06/16/31</title>
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          <isin value="US11132VAY56"/>
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        <balance>24311.22000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Broadstreet Partners Inc</name>
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        <title>BROADSTREET PART 06/16/31</title>
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          <isin value="US11132VAY56"/>
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        <balance>248750.64000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-13</maturityDt>
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      <invstOrSec>
        <name>Maverick Gaming LLC</name>
        <lei>N/A</lei>
        <title>MAVERICK GAMIN 06/03/28</title>
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        <fairValLevel>3</fairValLevel>
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        <name>Belfor Holdings Inc</name>
        <lei>N/A</lei>
        <title>BELFOR HLDG 11/01/30</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Ingram Micro Inc</name>
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        <title>INGRAM MICR 09/19/31</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Level 3 Financing Inc</name>
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        <title>LEVEL 3 FINANCIN 03/21/32</title>
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        <invCountry>US</invCountry>
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        <name>Reworld Holding Corporation</name>
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        <title>Reworld Holding 11/30/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>VISTAJET MALTA/VM HOLDS</name>
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        <title>VistaJet Malta Finance PLC / Vista Management Holding Inc</title>
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        <invCountry>N/A</invCountry>
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        <name>Allied Universal Holdco LLC</name>
        <lei>98450038B4549046D794</lei>
        <title>ALLIED UNIVERSAL 05/12/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Nouryon Finance BV</name>
        <lei>549300GD4NJGLPVYB245</lei>
        <title>Nouryon F 04/03/28</title>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>Ncr Atleos Corporation</name>
        <lei>9845005FC3S0VA714741</lei>
        <title>NCR ATLEOS 03/27/29</title>
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        <name>Markermeer Finance B.V.</name>
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        <name>Kodiak BP LLC</name>
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        <name>Swf Holdings I Corp.</name>
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        <name>Indy Us Bidco, LLC</name>
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        <name>Peer Holding III BV</name>
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        <name>Tikehau US CLO Ltd</name>
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        <title>Tikehau US CLO V Ltd</title>
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          <isin value="US88675YAA29"/>
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        <curCd>USD</curCd>
        <valUSD>502230.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Caesars Entertainment, Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entm 02/06/30</title>
        <cusip>12768EAG1</cusip>
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          <isin value="US12768EAG17"/>
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        <balance>163587.95000000</balance>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GAP INC/THE</name>
        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
        <title>Gap Inc/The</title>
        <cusip>364760AQ1</cusip>
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          <isin value="US364760AQ18"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust 2025-DIME</title>
        <cusip>05613UAJ0</cusip>
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          <isin value="US05613UAJ07"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>248061.08000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.32871000</annualizedRt>
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      <invstOrSec>
        <name>American Airlines Inc</name>
        <lei>N/A</lei>
        <title>AADVANTAGE LOYAL 04/20/28</title>
        <cusip>02376CBS3</cusip>
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          <isin value="US02376CBS35"/>
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        <balance>291840.28000000</balance>
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        <curCd>USD</curCd>
        <valUSD>288484.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>First Brands Group LLC</name>
        <lei>N/A</lei>
        <title>FIRST BRANDS GR 03/24/28</title>
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          <isin value="US31935HAF47"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-30</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Tenneco Inc</name>
        <lei>549300U0EXXFAQFAD785</lei>
        <title>TENNECO 11/17/28</title>
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          <isin value="US88037HAN44"/>
          <other otherDesc="INTERNAL" value="BL4047090 00201"/>
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        <balance>961.80000000</balance>
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        <curCd>USD</curCd>
        <valUSD>927.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-17</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Trulite Holding Corp.</name>
        <lei>N/A</lei>
        <title>TR 02/15/31</title>
        <cusip>89789MAB7</cusip>
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          <isin value="US89789MAB72"/>
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        <balance>170625.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>162946.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.28788000</annualizedRt>
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      <invstOrSec>
        <name>Tenneco Inc</name>
        <lei>549300U0EXXFAQFAD785</lei>
        <title>TENNECO 11/17/28</title>
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          <isin value="US88037HAN44"/>
          <other otherDesc="INTERNAL" value="BL4047090"/>
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        <balance>375106.21000000</balance>
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        <curCd>USD</curCd>
        <valUSD>361743.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.17318500</annualizedRt>
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      <invstOrSec>
        <name>Rockpoint Gas Storage Partners LP</name>
        <lei>549300ZXM0KTRM0NMI59</lei>
        <title>ROCKPOINT GAS ST 09/18/31</title>
        <cusip>000000000</cusip>
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        <balance>24437.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24429.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-18</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Rockpoint Gas Storage Partners LP</name>
        <lei>549300ZXM0KTRM0NMI59</lei>
        <title>ROCKPOINT GAS ST 09/18/31</title>
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          <other otherDesc="INTERNAL" value="BL5024205"/>
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        <balance>36656.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36644.81000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-18</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BCP VI Summit Holdings LP</name>
        <lei>254900LK60A9DK5W5N81</lei>
        <title>NVENT THERMAL 09/30/31</title>
        <cusip>05614GAC5</cusip>
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          <isin value="US05614GAC50"/>
          <other otherDesc="INTERNAL" value="BL4753960"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50187.50000000</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>2032-01-30</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>VT Topco Inc</name>
        <lei>5493007T812R37X02Y38</lei>
        <title>VT TOPC 08/09/30</title>
        <cusip>91838LAK6</cusip>
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          <isin value="US91838LAK61"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PVKG Intermediate Holdings Inc(</name>
        <lei>N/A</lei>
        <title>CONVERGEONE HLDG 06/04/30</title>
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          <other otherDesc="INTERNAL" value="B8ACRGD14 00200"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-04</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MLN US HoldCo LLC</name>
        <lei>549300QKU7NPW6O86862</lei>
        <title>MLN US HoldC 10/18/27</title>
        <cusip>55292HAG8</cusip>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Carlyle Global Market Strategi</name>
        <lei>N/A</lei>
        <title>Carlyle US CLO 2025-1 Ltd</title>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Crown Subsea Communications Holding Inc</name>
        <lei>5493003AYLUE132FIO27</lei>
        <title>CROWN SUBSEA COM 01/30/31</title>
        <cusip>22860EAJ1</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Glatfelter Corporation</name>
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        <name>Bombardier Recreational Products Inc</name>
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        <name>Zellis Cost Management</name>
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        <name>Albion Financing 3 SARL</name>
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      <invstOrSec>
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        <name>Albion Financing 3 SARL</name>
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        <name>Lsf11 Trinity Bidco, Inc.</name>
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        <name>Reworld Holding Corporation</name>
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        <name>SUMITOMO MITSUI FINL GRP</name>
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        <name>Gloves Buyer Inc</name>
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        <name>Madison Iaq LLC</name>
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        <name>RC Buyer Inc</name>
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        <title>ROUGH COUNTRY LL 07/28/28</title>
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        <name>Victory Buyer LLC</name>
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        <name>Boost Newco Borrower LLC</name>
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        <name>MLN US HoldCo LLC</name>
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        <title>Mitel Networks 1 10/18/27</title>
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        <name>Grant Thornton Advisors LLC</name>
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        <name>ProAmpac PG Borrower LLC</name>
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        <name>NYC Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>Consolidated Energy Finance SA</name>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pro Mach Group Inc</name>
        <lei>5493008SZGSVUCSNB151</lei>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ProAmpac PG Borrower LLC</name>
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        <cusip>74274NAL7</cusip>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>EMRLD Borrower LP</name>
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        <title>COPELAND (E 06/18/31</title>
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          <isin value="US26872NAD12"/>
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        <curCd>USD</curCd>
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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>2031-08-04</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <title>Goldman Sachs Group Inc/The</title>
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          <isin value="US38141GYU20"/>
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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>N/A</maturityDt>
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        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
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          <isin value="US38141GA799"/>
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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>N/A</maturityDt>
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        <name>Cinemark USA Inc</name>
        <lei>54930008H2137JSCPQ09</lei>
        <title>CINEMARK USA INC</title>
        <cusip>172442AU9</cusip>
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          <isin value="US172442AU98"/>
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        <curCd>USD</curCd>
        <valUSD>150000.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-24</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Geon Performance Solutions LLC</name>
        <lei>N/A</lei>
        <title>GEON PERFORMANCE 08/18/28</title>
        <cusip>37254YAB6</cusip>
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          <isin value="US37254YAB65"/>
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        <balance>369384.88000000</balance>
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        <curCd>USD</curCd>
        <valUSD>356456.41000000</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>2028-08-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.81078000</annualizedRt>
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        <name>Belron Finance US LLC</name>
        <lei>N/A</lei>
        <title>BELRON 10/01/31</title>
        <cusip>08078UAM5</cusip>
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          <isin value="US08078UAM53"/>
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        <balance>322500.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-16</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>PCI Gaming Authority</name>
        <lei>549300KPXAJ1LRW5LP59</lei>
        <title>PCI Gaming Auth 07/18/31</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-18</maturityDt>
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        <name>HILCORP ENERGY I/HILCORP</name>
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        <title>Hilcorp Energy I LP / Hilcorp Finance Co</title>
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        <name>CCRR Parent Inc</name>
        <lei>N/A</lei>
        <title>Ingenovis Health Inc</title>
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        <name>Apro LLC</name>
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        <title>APR 07/31/31</title>
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        <invCountry>US</invCountry>
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        <name>Foundation Building Materials Inc</name>
        <lei>549300ZVE6MONHB01I28</lei>
        <title>FOUNDATION BUILD 01/29/31</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ECL Entertainment LLC</name>
        <lei>254900UPSGHOBB360Z85</lei>
        <title>ECL ENTERTAINMENT LLC</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-08-31</maturityDt>
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        <name>Arcis Golf LLC</name>
        <lei>254900ZMGXNNIX4SXQ48</lei>
        <title>ARCIS GOL 11/24/28</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-24</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Pregis Topco LLC</name>
        <lei>549300LJXHJYHS1GM034</lei>
        <title>PREGIS TOPC 03/31/29</title>
        <cusip>74045BAG2</cusip>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Alliance Laundry Systems LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Neon Maple Purchaser Inc</name>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Covanta Holding Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Asurion LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Neon Maple Purchaser Inc</name>
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        <title>PPI HLDG U 11/15/31</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SEALED AIR/SEALED AIR US</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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        <name>Calpine Corporation</name>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>OXFORD LANE CAPITAL CORP</name>
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        <title>Oxford Lane Capital Corp</title>
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        <name>Ensemble RCM LLC</name>
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        <title>ENS 01/18/29</title>
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        <name>HIG Finance 2 Limited</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Closure Systems International Group (f/k/a Canister International Group Inc)</name>
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        <name>BrewCo Borrower LLC</name>
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        <name>Maverick Gaming LLC</name>
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        <title>MAVERICK GAMIN 01/03/28</title>
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        <name>Atlas Senior Loan Fund LTD</name>
        <lei>N/A</lei>
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        <name>SonicWall US Holdings Inc</name>
        <lei>549300KJE1MHNCWBX302</lei>
        <title>SONICWALL US HOL 05/31/28</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreLogic Inc</name>
        <lei>54930086CD8K2UIL0516</lei>
        <title>CORELOGIC INC 06/02/28</title>
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        <name>USI Inc</name>
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        <name>Evertec Group LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PPM CLO 2 Ltd.</name>
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        <name>Opal Us LLC</name>
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        <name>Aventiv Technologies (3/24) 1st Lien</name>
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        <name>Lifetime Brands Inc</name>
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        <name>Asurion LLC</name>
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        <name>ROCC Trust</name>
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        <name>Peer Holding III BV</name>
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        <name>GENERAL MOTORS CO</name>
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        <name>Dave &amp; Busters Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Inmar Inc</name>
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        <name>Azorra Soar TLB FInance Limited</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Genuine Financial Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TK Elevator Midco Gmbh</name>
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        <assetCat>LON</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Allen Media LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clydesdale Acquisition Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Charlotte Buyer Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lightstone HoldCo LLC</name>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-29</maturityDt>
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        <name>TORONTO-DOMINION BANK</name>
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        <title>Toronto-Dominion Bank/The</title>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kuehg Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Quartz AcquireCo LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Alterra Mountain Company</name>
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        <title>ALTERRA M 05/31/30</title>
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        <fairValLevel>3</fairValLevel>
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        <name>Rainbow UK Holdco Limited</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MLN US HoldCo LLC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>CALPINE CORP</name>
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        <title>Calpine Corp</title>
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        <name>Elevation CLO Ltd</name>
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        <invCountry>KY</invCountry>
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        <name>RADIATE HOLDCO / FINANCE</name>
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        <title>Radiate Holdco LLC / Radiate Finance Inc</title>
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        <invCountry>US</invCountry>
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        <name>ECL Entertainment LLC</name>
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        <title>ECL ENTM 08/31/30</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Latham Pool Products Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <name>AMERICAN EXPRESS CO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ryan LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MRC Global (US) Inc.</name>
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        <name>Windstream Services LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Dave &amp; Busters Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Carnival Corporation</name>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Avoca CLO</name>
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        <title>Avoca Capital CLO X Ltd</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Carlyle Global Market Strategi</name>
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        <name>Aventiv Technologies (3/24) 1st Lien</name>
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        <title>AVENTIV TEC 11/01/25</title>
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        <name>CHARTER COMM OPT LLC/CAP</name>
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        <name>EAGLE POINT CREDIT CO</name>
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        <name>JPMorgan Chase Bank, National Association</name>
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        <name>Sixth Street CLO XVI, Ltd.</name>
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        <title>Sixth Street CLO XVI Ltd</title>
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        <name>AP Gaming I LLC</name>
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        <name>PMT CREDIT RISK TRANSFER TRUST</name>
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        <title>PMT Credit Risk Transfer Trust 2024-1R</title>
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        <name>AZURIA WATER SOLUTN INC</name>
        <lei>549300AG3DVJURRIT691</lei>
        <title>AZURIA WATER SOLUTIONS INC</title>
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        <assetCat>LON</assetCat>
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        <name>Eco Material Technologies Inc.</name>
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        <name>VENTURE GLOBAL LNG INC</name>
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        <name>JBT Marel Corporation (f/k/a John Bean Technologies Corporation)</name>
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        <name>Auris Luxembourg III SARL</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AssuredPartners Inc.</name>
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        <name>PMT CREDIT RISK TRANSFER TRUST</name>
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        <name>Crisis Prevention Institute, Inc.</name>
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        <title>CRISIS PREVENTIO 04/09/31</title>
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      <invstOrSec>
        <name>DIAMOND SPORTS GRP LLC- WARRANTS</name>
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        <name>Graftech Global Enterprises Inc</name>
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        <name>United Air Lines, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brookfield Property Reit Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Altar Bidco Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilcorp Energy I LP</name>
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        <name>Transdigm Inc</name>
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        <name>Plaze Inc</name>
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        <name>MPH Acquisition Holdings LLC</name>
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        <name>Lc Ahab Us Bidco LLC</name>
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        <name>Lumen Technologies, Inc.</name>
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        <name>Starwood Property Mortgage LLC</name>
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        <name>Envision Healthcare Operating, Inc.</name>
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        <name>Graftech Global Enterprises Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clue Opco LLC</name>
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        <name>Allegro Microsystems Inc</name>
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        <name>Azuria Water Solutions Inc</name>
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        <name>Clydesdale Acquisition Holdings Inc</name>
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        <name>US TREASURY N/B</name>
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        <name>Madison Safety &amp; Flow LLC</name>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GATEGROUP US FINANCE INC</name>
        <lei>N/A</lei>
        <title>GATEGROUP US FINANCE INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BL5101953"/>
        </identifiers>
        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>263913.50000000</valUSD>
        <pctVal>0.301220383443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.57870000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-29</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>
  <documents>XXXX</documents>
</edgarSubmission>
