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        <name>B3 SA-BRASIL BOLSA BALCA</name>
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        <name>Greywolf CLO Ltd</name>
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        <name>LTR INTERMEDIATE HOLDING</name>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <name>VIRGIN PULSE INC</name>
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        <name>BENCHMARK Mortgage Trust</name>
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        <name>Western Asset Premier Institutional Government Reserves</name>
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        <name>UBS Commercial Mortgage Trust</name>
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        <name>New Residential Mortgage Loan</name>
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        <name>Marathon CLO LTD</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>TRANSALTA CORP</name>
        <lei>GJZNVO2UY6DNFNIYH321</lei>
        <title>TransAlta Corp</title>
        <cusip>89346DAE7</cusip>
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          <isin value="US89346DAE76"/>
          <other otherDesc="SEDOL" value="B640X20"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3692254.92000000</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>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
      <invstOrSec>
        <name>AMER AIRLN 13-1 A PASS T</name>
        <lei>N/A</lei>
        <title>American Airlines 2013-1 Class A Pass Through Trust</title>
        <cusip>023772AB2</cusip>
        <identifiers>
          <isin value="US023772AB21"/>
          <other otherDesc="SEDOL" value="BPBGFV7"/>
        </identifiers>
        <balance>2182424.32000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1895787.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CA MAGNUM HOLDINGS</name>
        <lei>549300ZRDHFR078MFZ78</lei>
        <title>CA Magnum Holdings</title>
        <cusip>12674CAA1</cusip>
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          <isin value="US12674CAA18"/>
          <other otherDesc="SEDOL" value="BNM0KB9"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1370592.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TCI-Symphony CLO</name>
        <lei>5493005WLG3H3B8NI222</lei>
        <title>TCI-Symphony CLO 2016-1 Ltd</title>
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          <isin value="US87230XAD84"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3095789.42000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2032-10-13</maturityDt>
          <couponKind>Floating</couponKind>
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          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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          <ticker value="WNH3"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG0186GJZF5"/>
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        <balance>235.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-87302.17000000</valUSD>
        <pctVal>-0.01143725133</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>US TREASURY N/B</issuerName>
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                  <cusip value="912810SC3"/>
                  <isin value="US912810SC36"/>
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            <expDate>2023-03-22</expDate>
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            <unrealizedAppr>-87302.17000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CSC HOLDINGS LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC Holdings LLC</title>
        <cusip>126307BH9</cusip>
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          <isin value="US126307BH94"/>
          <other otherDesc="SEDOL" value="BMY0HH5"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1391378.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GLOBAL AIR LEASE CO LTD</name>
        <lei>N/A</lei>
        <title>Global Aircraft Leasing Co Ltd</title>
        <cusip>37960JAA6</cusip>
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          <isin value="US37960JAA60"/>
          <other otherDesc="SEDOL" value="BKDRG65"/>
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        <balance>13479094.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11486209.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>N/A</lei>
        <title>Dryden 95 CLO Ltd</title>
        <cusip>262485AC9</cusip>
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          <isin value="US262485AC97"/>
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        <balance>6870000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5149075.67000000</valUSD>
        <pctVal>0.674568256075</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.01000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TWO HARBORS INV CORP</name>
        <lei>549300ZUIBT6KH4HU823</lei>
        <title>Two Harbors Investment Corp</title>
        <cusip>90187BAB7</cusip>
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          <isin value="US90187BAB71"/>
          <other otherDesc="SEDOL" value="BMG4RH5"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>863183.80000000</valUSD>
        <pctVal>0.113083673256</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
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              <title>Two Harbors Investment Corp</title>
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                <cusip value="90187B408"/>
                <isin value="US90187B4086"/>
                <ticker value="TWO"/>
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        <securityLending>
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      <invstOrSec>
        <name>Symphony CLO Ltd</name>
        <lei>549300JQYSBIW1AM8R32</lei>
        <title>Symphony CLO XVIII Ltd</title>
        <cusip>87154FAG2</cusip>
        <identifiers>
          <isin value="US87154FAG28"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2694712.33000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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      <invstOrSec>
        <name>CLOUDERA INC</name>
        <lei>549300PGONC4JOI0RG62</lei>
        <title>Cloudera Inc</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>IRS USD</title>
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          <other otherDesc="INTERNAL" value="SW0WS075820"/>
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        <name>ABERCROMBIE &amp; FITCH MANA</name>
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        <title>Abercrombie &amp; Fitch Management Co</title>
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          <couponKind>Fixed</couponKind>
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        <name>COUNTRY GARDEN HLDGS</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>Country Garden Holdings Co Ltd</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="BFM4W19"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2713036.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-27</maturityDt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VICTORIA PLC</name>
        <lei>2138002K6ECECHVCQN25</lei>
        <title>Victoria PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2307567086"/>
          <other otherDesc="SEDOL" value="BNRK434"/>
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        <balance>2970000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.93418655"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Whitebox CLO I Ltd</name>
        <lei>549300C89ZJ5IWOT1F21</lei>
        <title>Whitebox Clo II Ltd</title>
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        <name>Hayfin US XIV LTD</name>
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        <name>WYNN MACAU LTD</name>
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      <invstOrSec>
        <name>BURFORD CAPITAL GLBL FIN</name>
        <lei>549300JVAOO67CSCH406</lei>
        <title>Burford Capital Global Finance LLC</title>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>N/A</lei>
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          <isin value="US35564KFH77"/>
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      <invstOrSec>
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        <lei>N/A</lei>
        <title>Freddie Mac STACR REMIC Trust 2021-DNA5</title>
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      <invstOrSec>
        <name>SANDS CHINA LTD</name>
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        <title>Sands China Ltd</title>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>STRATHCONA RESOURCES</name>
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      <invstOrSec>
        <name>SMB Private Education Loan Tru</name>
        <lei>549300GD7VLLBVPDNJ81</lei>
        <title>SMB Private Education Loan Trust 2015-C</title>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>N/A</lei>
        <title>Freddie Mac STACR REMIC Trust 2021-DNA6</title>
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        <name>Fortress Credit BSL Limited</name>
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        <name>DISH DBS CORP</name>
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        <name>LCM Ltd Partnership</name>
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        <name>EQUINOX HOLDINGS INC</name>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>RISING TIDE HOLDINGS INC</name>
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        <name>Helios Issuer, LLC</name>
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        <name>MICHAELS COS INC/THE</name>
        <lei>549300H9LWMBP7HYLR98</lei>
        <title>Michaels Cos Inc/The</title>
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        <name>Riserva CLO, Ltd.</name>
        <lei>549300640C8OB2I8SN35</lei>
        <title>Riserva Clo Ltd</title>
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        <name>Tharaldson Hotel Portfolio Tru</name>
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        <name>GS Mortgage Securities Trust</name>
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        <name>TRANSDIGM INC</name>
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        <name>MAGNOLIA FINANCE X DAC 2019-1</name>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <name>RVR DEALERSHIP HOLDINGS</name>
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        <name>PLANVIEW PARENT INC</name>
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        <name>HUARONG FINANCE 2019</name>
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        <title>Huarong Finance 2019 Co Ltd</title>
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        <invCountry>VG</invCountry>

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        <name>LD HOLDINGS GROUP LLC</name>
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        <name>DISH NETWORK CORP</name>
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              <title>DISH Network Corp</title>
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        <name>CRESCENT ENERGY FINANCE</name>
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        <title>Crescent Energy Finance LLC</title>
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        <name>DOMAN BUILDING MATERIALS</name>
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        <name>AUTOKINITON US HOLDINGS</name>
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        <name>National Collegiate Commutatio</name>
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        <name>RR Ltd</name>
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        <name>MED Trust</name>
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        <name>JP Morgan Chase Commercial Mor</name>
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      <invstOrSec>
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        <name>RUSSIA GOVT BOND - OFZ</name>
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      <invstOrSec>
        <name>GEO GROUP INC/THE</name>
        <lei>54930024XOXET7NQVZ63</lei>
        <title>GEO Group Inc/The</title>
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          <isin value="US36162JAC09"/>
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          <maturityDt>2028-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KNDR Trust 2021-KIND</name>
        <lei>N/A</lei>
        <title>KIND Trust 2021-KIND</title>
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          <isin value="US482606AS97"/>
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        <balance>7446183.88000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6629939.16000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>BED BATH &amp; BEYOND INC</name>
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        <title>Bed Bath &amp; Beyond Inc</title>
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          <isin value="US075896AC47"/>
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        <balance>5000000.00000000</balance>
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        <name>HAWAIIAN BRAND INTELLECT</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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      <invstOrSec>
        <name>B RILEY FINANCIAL INC</name>
        <lei>N/A</lei>
        <title>B Riley Financial Inc</title>
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        <balance>80219.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BED BATH &amp; BEYOND INC</name>
        <lei>529900ZBUWWUV7BKGX39</lei>
        <title>Bed Bath &amp; Beyond Inc</title>
        <cusip>075896AB6</cusip>
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          <isin value="US075896AB63"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99361.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.91500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <title>USD/EUR FORWARD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="UC15TC432J0418DV"/>
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        <balance>1.00000000</balance>
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        <valUSD>3821.20000000</valUSD>
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      <invstOrSec>
        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>CDS GENERAL MOTORS CO</title>
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        <balance>1.00000000</balance>
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      <invstOrSec>
        <name>HUARONG FINANCE 2019</name>
        <lei>549300M6T6OW4AGYHK10</lei>
        <title>Huarong Finance 2019 Co Ltd</title>
        <cusip>000000000</cusip>
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        <invCountry>VG</invCountry>

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        <name>Babson CLO Ltd</name>
        <lei>549300Q89L7I93JSRH83</lei>
        <title>Barings CLO Ltd 2020-IV</title>
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        <balance>1090000.00000000</balance>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2032-01-20</maturityDt>
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      <invstOrSec>
        <name>Natixis Commercial Mortgage Se</name>
        <lei>N/A</lei>
        <title>Natixis Commercial Mortgage Securities Trust 2022-JERI</title>
        <cusip>63875LAS2</cusip>
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          <isin value="US63875LAS25"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>TUTOR PERINI CORP</name>
        <lei>549300FHXYVPW8LJ6D98</lei>
        <title>Tutor Perini Corp</title>
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          <isin value="US901109AF51"/>
          <other otherDesc="SEDOL" value="BDHBLV4"/>
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        <balance>7745000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>AKUMIN ESCROW INC</name>
        <lei>N/A</lei>
        <title>Akumin Escrow Inc</title>
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          <other otherDesc="SEDOL" value="BMYXQV1"/>
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        <balance>7395000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CARNIVAL HLDGS BM LTD</name>
        <lei>N/A</lei>
        <title>Carnival Holdings Bermuda Ltd</title>
        <cusip>14366RAA7</cusip>
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        <balance>5000000.00000000</balance>
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        <valUSD>5141925.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>10.37500000</annualizedRt>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HILCORP ENERGY I/HILCORP</name>
        <lei>N/A</lei>
        <title>Hilcorp Energy I LP / Hilcorp Finance Co</title>
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          <isin value="US431318AZ78"/>
          <other otherDesc="SEDOL" value="BPVCPK4"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6050700.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Stratus CLO</name>
        <lei>N/A</lei>
        <title>Stratus CLO 2022-2 Ltd</title>
        <cusip>86317UAA8</cusip>
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          <isin value="US86317UAA88"/>
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        <balance>8200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7470772.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-20</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>VIKING OCEAN CRUISES SHI</name>
        <lei>N/A</lei>
        <title>Viking Ocean Cruises Ship VII Ltd</title>
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          <isin value="US92682RAA05"/>
          <other otherDesc="SEDOL" value="BMGS3Q8"/>
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        <curCd>USD</curCd>
        <valUSD>1612600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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      <invstOrSec>
        <name>ALLEN MEDIA LLC</name>
        <lei>549300ERNJNM4RN5JP79</lei>
        <title>Allen Media LLC</title>
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          <isin value="US01771JAG85"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2027-02-10</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <title>Goldman Sachs &amp; Co</title>
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          <other otherDesc="INTERNAL" value="RP917734"/>
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        <curCd>USD</curCd>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="FOR8UP27PHTHYVLBNG30" name="GOLDMAN SACHS &amp; CO. LLC"/>
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          <isTriParty>N</isTriParty>
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            <repurchaseCollateral>
              <principalAmt>3200000.00000000</principalAmt>
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        <securityLending>
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      <invstOrSec>
        <name>SERVICE PROPERTIES TRUST</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
        <cusip>44106MAZ5</cusip>
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          <isin value="US44106MAZ59"/>
          <other otherDesc="SEDOL" value="BKVJX95"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4553257.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MBRT 2019 MBR</name>
        <lei>N/A</lei>
        <title>MBRT 2019-MBR</title>
        <cusip>55282DBE3</cusip>
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          <isin value="US55282DBE31"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2862493.20000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.66800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zais Matrix CDO I</name>
        <lei>549300PCGOXUK8XLNY49</lei>
        <title>Zais Clo 17 Ltd</title>
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          <isin value="US98888KAA43"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5031550.10000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.49257000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Voya CLO Ltd</name>
        <lei>549300TZK6NKU72KPL60</lei>
        <title>Voya CLO 2021-1 Ltd</title>
        <cusip>92918PAA0</cusip>
        <identifiers>
          <isin value="US92918PAA03"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1998627.36000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.42914000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WP CPP HOLDINGS LLC</name>
        <lei>549300HT8KGOLU7VM426</lei>
        <title>WP CPP Holdings LLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BL3100080"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5055000.00000000</valUSD>
        <pctVal>0.662243624487</pctVal>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.01000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CORECIVIC INC</name>
        <lei>529900JFA3K6PTLT8B15</lei>
        <title>CoreCivic Inc</title>
        <cusip>21871NAB7</cusip>
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          <isin value="US21871NAB73"/>
          <other otherDesc="SEDOL" value="BMCRWJ5"/>
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        <balance>11596000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11907816.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LADDER CAP FIN LLLP/CORP</name>
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          <isin value="US505742AM88"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-02-01</maturityDt>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <curCd>USD</curCd>
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        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Voya CLO Ltd</name>
        <lei>N/A</lei>
        <title>Voya CLO 2018-2 Ltd</title>
        <cusip>92917TAA3</cusip>
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          <isin value="US92917TAA34"/>
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        <balance>6750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5200727.13000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Bluemountain CLO Ltd</name>
        <lei>N/A</lei>
        <title>BlueMountain Fuji US Clo II Ltd</title>
        <cusip>09629HAA2</cusip>
        <identifiers>
          <isin value="US09629HAA23"/>
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        <balance>5350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4200862.46000000</valUSD>
        <pctVal>0.550345080412</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.39257000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rad CLO Ltd</name>
        <lei>N/A</lei>
        <title>Rad CLO 1 Ltd</title>
        <cusip>48661BAA2</cusip>
        <identifiers>
          <isin value="US48661BAA26"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2522082.76000000</valUSD>
        <pctVal>0.330412112411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
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        <name>SOLRR Aircraft 2021-1 Limited</name>
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        <name>BLUE RACER MID LLC/FINAN</name>
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        <name>FRANCHISE GROUP INC</name>
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        <name>FIRST QUANTUM MINERALS L</name>
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        <title>First Quantum Minerals Ltd</title>
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        <name>VISTAJET MALTA/XO MGMT</name>
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        <name>PM GENERAL PURCHASER LLC</name>
        <lei>N/A</lei>
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          <maturityDt>2028-10-01</maturityDt>
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        <name>CITY OF BUENOS AIRES</name>
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        <invCountry>AR</invCountry>
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          <maturityDt>2027-06-01</maturityDt>
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        <name>SERVICE PROPERTIES TRUST</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>Multifamily Structured Credit</name>
        <lei>N/A</lei>
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        <name>FORD MOTOR COMPANY</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co</title>
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        <lei>N/A</lei>
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        <name>MULTIFAMILY CONNECTICUT AVENUE</name>
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        <name>Greywolf CLO Ltd</name>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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      <invstOrSec>
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        <name>CLUBCORP HOLDINGS INC</name>
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      <invstOrSec>
        <name>Elmwood CLO II Ltd.</name>
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      <invstOrSec>
        <name>888 ACQUISITIONS LTD</name>
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          <isin value="XS2498544415"/>
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        <name>CRESTWOOD MID PARTNER LP</name>
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        <name>DOMINICAN REPUBLIC</name>
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        <name>Anchorage Capital CLO LTD</name>
        <lei>549300V7DN3VJ8H1GE96</lei>
        <title>Anchorage Capital CLO 3-R Ltd</title>
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        <invCountry>KY</invCountry>
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        <debtSec>
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        <name>KKR APPLE BIDCO LLC</name>
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        <title>KKR Apple Bidco LLC</title>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>WYNN MACAU LTD</name>
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        <title>Wynn Macau Ltd</title>
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        <name>STONEX GROUP INC</name>
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        <title>StoneX Group Inc</title>
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        <name>WEATHERFORD INTL LTD</name>
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        <title>Weatherford International Ltd</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>YUZHOU GROUP</name>
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        <title>Yuzhou Group Holdings Co Ltd</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <name>CSC HOLDINGS LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC Holdings LLC</title>
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      </invstOrSec>
      <invstOrSec>
        <name>FORD MOTOR COMPANY</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co</title>
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          <isin value="US345370BV11"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ASURION LLC</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion LLC</title>
        <cusip>04649VAZ3</cusip>
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          <isin value="US04649VAZ31"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3929150.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>N/A</lei>
        <title>Freddie Mac STACR REMIC Trust 2020-DNA6</title>
        <cusip>35566CBE4</cusip>
        <identifiers>
          <isin value="US35566CBE49"/>
          <other otherDesc="SEDOL" value="BPSHQP4"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4272216.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
          <maturityDt>2050-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.57768000</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>Freddie Mac - STACR</name>
        <lei>5493007ZK0X40BI7UF30</lei>
        <title>Freddie Mac STACR Remic Trust 2020-DNA2</title>
        <cusip>35565KBE7</cusip>
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          <isin value="US35565KBE73"/>
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        <balance>7250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5970925.28000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2050-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.18871000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REPUBLIC OF KENYA</name>
        <lei>549300VVURQQYU45PR87</lei>
        <title>Republic of Kenya Government International Bond</title>
        <cusip>491798AL8</cusip>
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          <isin value="US491798AL85"/>
          <other otherDesc="SEDOL" value="BNRRQ17"/>
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        <balance>3200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2479968.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.30000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mach I</name>
        <lei>N/A</lei>
        <title>MACH 1 Cayman 2019-1 Ltd</title>
        <cusip>55446MAB3</cusip>
        <identifiers>
          <isin value="US55446MAB37"/>
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        <balance>868375.72000000</balance>
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        <curCd>USD</curCd>
        <valUSD>621651.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.33500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Magnetite CLO Ltd</name>
        <lei>549300F7COUCG1RROP29</lei>
        <title>Magnetite XXVI Ltd</title>
        <cusip>55955CAE2</cusip>
        <identifiers>
          <isin value="US55955CAE21"/>
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        <balance>6750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6082793.20000000</valUSD>
        <pctVal>0.796892386899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.30843000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GoldenTree Loan Management US</name>
        <lei>549300LOEERRNVSKVY31</lei>
        <title>Goldentree Loan Management US Clo 8 Ltd</title>
        <cusip>38136QAJ8</cusip>
        <identifiers>
          <isin value="US38136QAJ85"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5484419.90000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.29257000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>IRS USD</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="SW0WS075267"/>
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        <curCd>USD</curCd>
        <valUSD>500937.52000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>CHICAGO MERCANTILE EXCHANGE INC.</counterpartyName>
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      <invstOrSec>
        <name>SIZZLING PLATT/FIN CO</name>
        <lei>N/A</lei>
        <title>Sizzling Platter LLC / Sizzling Platter Finance Corp</title>
        <cusip>830146AB2</cusip>
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          <isin value="US830146AB28"/>
          <other otherDesc="SEDOL" value="BNDVXV2"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6449706.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>REPUBLIC OF ECUADOR</name>
        <lei>5299003Y2U5XK0A35H71</lei>
        <title>Ecuador Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2214239688"/>
          <other otherDesc="SEDOL" value="BMGR2M4"/>
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        <balance>5593000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2212349.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EC</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>MELCO RESORTS FINANCE</name>
        <lei>N/A</lei>
        <title>Melco Resorts Finance Ltd</title>
        <cusip>58547DAA7</cusip>
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          <isin value="US58547DAA72"/>
          <other otherDesc="SEDOL" value="BYZQ5Q1"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US RENAL CARE INC</name>
        <lei>54930058SS5MF69JGN89</lei>
        <title>US Renal Care Inc</title>
        <cusip>07335BAA4</cusip>
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          <isin value="US07335BAA44"/>
          <other otherDesc="SEDOL" value="BKF9DX5"/>
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        <balance>5380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1183600.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.62500000</annualizedRt>
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      <invstOrSec>
        <name>COMMSCOPE INC</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>CommScope Inc</title>
        <cusip>20338QAD5</cusip>
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          <isin value="US20338QAD51"/>
          <other otherDesc="SEDOL" value="BGDS1B0"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1849900.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SMR 2022-IND Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SMR 2022-IND Mortgage Trust</title>
        <cusip>78458MAL8</cusip>
        <identifiers>
          <isin value="US78458MAL81"/>
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        <balance>2401830.29000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2228776.74000000</valUSD>
        <pctVal>0.291986782684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.33561000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROYAL CARIBBEAN CRUISES</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd</title>
        <cusip>780153BL5</cusip>
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          <isin value="US780153BL55"/>
          <other otherDesc="SEDOL" value="BMHB6V2"/>
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        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3520860.00000000</valUSD>
        <pctVal>0.461259562356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARNIVAL PLC</name>
        <lei>4DR1VPDQMHD3N3QW8W95</lei>
        <title>Carnival PLC</title>
        <cusip>693070AD6</cusip>
        <identifiers>
          <isin value="US693070AD69"/>
          <other otherDesc="SEDOL" value="BD03XX3"/>
        </identifiers>
        <balance>2556000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2483703.54000000</valUSD>
        <pctVal>0.325384141341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>Goldman Sachs &amp; Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RP917678"/>
        </identifiers>
        <balance>-2069419.73000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2069419.73000000</valUSD>
        <pctVal>-0.27110979675</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="FOR8UP27PHTHYVLBNG30" name="GOLDMAN SACHS &amp; CO. LLC"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.75000000</repurchaseRt>
          <maturityDt>2033-02-22</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2600000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>2355085.23000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Sovereign Debt" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust 2018-NYCH</title>
        <cusip>90266HAQ5</cusip>
        <identifiers>
          <isin value="US90266HAQ56"/>
        </identifiers>
        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5572434.00000000</valUSD>
        <pctVal>0.730031432122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.13900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>AUD/USD FORWARD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="B6ETLM5RJ7KABF6O"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-20137.53000000</valUSD>
        <pctVal>-0.00263817029</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <amtCurSold>-568900.00000000</amtCurSold>
            <curSold>AUD</curSold>
            <amtCurPur>367509.40000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2023-01-18</settlementDt>
            <unrealizedAppr>-20137.53000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TITAN INTERNATIONAL INC</name>
        <lei>254900CXRGBE7C4B5A06</lei>
        <title>Titan International Inc</title>
        <cusip>88830MAM4</cusip>
        <identifiers>
          <isin value="US88830MAM47"/>
          <other otherDesc="SEDOL" value="BMF0LT4"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3781665.64000000</valUSD>
        <pctVal>0.495427093973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-02-27</ncom:dateSigned>
      <ncom:nameOfApplicant>Western Asset Diversified Income Fund </ncom:nameOfApplicant>
      <ncom:signature>Christopher Berarducci</ncom:signature>
      <ncom:signerName>Christopher Berarducci</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
