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        <name>Carval CLO LTD</name>
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        <name>AES ANDES SA</name>
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      <invstOrSec>
        <name>Bank</name>
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      <invstOrSec>
        <name>American Money Management Corp</name>
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        <title>AMMC CLO 23 Ltd</title>
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      <invstOrSec>
        <name>Triton Water Holdings Inc</name>
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        <assetCat>LON</assetCat>
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          <maturityDt>2028-03-31</maturityDt>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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          <ticker value="UXYU5"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG01R98QCH9"/>
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        <curCd>USD</curCd>
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            <payOffProf>Long</payOffProf>
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                <issuerName>US TREASURY N/B</issuerName>
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        <name>FEDERAL REP OF ETHIOPIA</name>
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          <other otherDesc="SEDOL" value="BTC34Z2"/>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>517622.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ET</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-11</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FIRST QUANTUM MINERALS L</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>First Quantum Minerals Ltd</title>
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        <curCd>USD</curCd>
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        <name>MPT OPER PARTNERSP/FINL</name>
        <lei>N/A</lei>
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          <isin value="US55342UAH77"/>
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        <curCd>USD</curCd>
        <valUSD>8320752.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
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      <invstOrSec>
        <name>Voya CLO Ltd</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <debtSec>
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        <name>TRANSALTA CORP</name>
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        <title>TransAlta Corp</title>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>Greywolf CLO Ltd</name>
        <lei>5493006V5AX99BBCEZ73</lei>
        <title>GREYWOLF CLO VI Ltd</title>
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      <invstOrSec>
        <name>Wind River CLO Ltd</name>
        <lei>N/A</lei>
        <title>Wind River 2021-4 CLO Ltd</title>
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        <name>AMER AIRLN 13-1 A PASS T</name>
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        <title>American Airlines 2013-1 Class A Pass Through Trust</title>
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        <name>SUNNOVA ENERGY CORP</name>
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        <name>TEVA PHARM FIN CO LLC</name>
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        <title>Teva Pharmaceutical Finance Co LLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <name>WW INTERNATIONAL INC</name>
        <lei>SGT8R1MU6ESIC7UJC518</lei>
        <title>WW INTERNATIONAL INC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>RR DONNELLEY &amp; SONS CO</name>
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        <name>MIDOCEAN CREDIT CLO</name>
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        <name>Adtalem Global Education Inc</name>
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        <name>Goldman Sachs Bank USA</name>
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        <name>VENTURE GLOBAL PLAQUE</name>
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        <title>Venture Global Plaquemines LNG LLC</title>
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        <name>DS Parent Inc</name>
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        <name>X Corp (f/k/a Twitter Inc)</name>
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        <name>ATP TOW/ANDEAN TELECOM</name>
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        <name>Balboa Bay Loan Funding Ltd</name>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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      <invstOrSec>
        <name>CITY OF BUENOS AIRES</name>
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        <invCountry>AR</invCountry>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp Trust 2018-LUAU</title>
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          <isin value="US36256AAS15"/>
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          <maturityDt>2032-11-15</maturityDt>
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      <invstOrSec>
        <name>Ocean Trails CLO</name>
        <lei>254900R3RT6TSDP3UQ20</lei>
        <title>Ocean Trails Clo XVI Ltd</title>
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          <maturityDt>2038-01-20</maturityDt>
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        <name>STONEX GROUP INC</name>
        <lei>549300JUF07L8VF02M60</lei>
        <title>StoneX Group Inc</title>
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      <invstOrSec>
        <name>CA MAGNUM HOLDINGS</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>CCO HLDGS LLC/CAP CORP</name>
        <lei>N/A</lei>
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          <isin value="US1248EPCQ45"/>
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        <balance>5000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>VIASAT INC</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>Viasat Inc</title>
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          <isin value="US92552VAR15"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>HISTORIC TW INC</name>
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        <title>Historic TW Inc</title>
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        <name>WYNN MACAU LTD</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
        <title>Wynn Macau Ltd</title>
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        <name>REPUBLIC OF KENYA</name>
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        <name>NAVIENT CORP</name>
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        <title>Navient Corp</title>
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        <name>LCM Ltd Partnership</name>
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        <title>LCM 33 Ltd</title>
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        <name>Apex Credit CLO LLC</name>
        <lei>549300WAK1RS0910RU63</lei>
        <title>Apex Credit CLO 2020 LTD</title>
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        <invCountry>BM</invCountry>
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          <maturityDt>2035-04-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>720 East CLO Ltd.</name>
        <lei>N/A</lei>
        <title>720 East CLO VII Ltd</title>
        <cusip>81789NAA4</cusip>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>Maps LTD</name>
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        <title>MAPS 2021-1 Trust</title>
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        <name>JP Morgan Chase Commercial Mor</name>
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        <name>Citibank, National Association</name>
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        <name>Bank of America, National Association</name>
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        <name>Hildene Community Funding CLO</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEWELL BRANDS INC</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>Newell Brands Inc</title>
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        <name>Global Tel Link Corporation</name>
        <lei>N/A</lei>
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        <name>Magnetite CLO Ltd</name>
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        <name>PERMIAN RESOURC OPTG LLC</name>
        <lei>5493004CTVUMQLRPOE23</lei>
        <title>Permian Resources Operating LLC</title>
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        <name>MEX BONOS DESARR FIX RT</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexican Bonos</title>
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          <isin value="MX0MGO0000Y4"/>
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        <invCountry>MX</invCountry>
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        <name>GoldenTree Loan Management US</name>
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        <title>Goldentree Loan Management US CLO 1 Ltd</title>
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        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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        <name>DOMINICAN REPUBLIC</name>
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        <name>HERC HOLDINGS INC</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings Inc</title>
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        <name>Freddie Mac - STACR</name>
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        <title>Freddie Mac STACR REMIC Trust 2020-DNA1</title>
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          <other otherDesc="SEDOL" value="BK8ZZ67"/>
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        <name>RAILWORKS HOLDINGS LP/R</name>
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        <name>SOLRR Aircraft 2021-1 Limited</name>
        <lei>N/A</lei>
        <title>Lunar 2021-1 Structured Aircraft Portfolio Notes</title>
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        <name>Natixis Commercial Mortgage Se</name>
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        <title>Natixis Commercial Mortgage Securities Trust 2022-JERI</title>
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        <name>X.Ai Corp.</name>
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        <title>XAI CORP</title>
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        <issuerCat>CORP</issuerCat>
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        <name>Hayfin US XIV LTD</name>
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        <name>Citibank, National Association</name>
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        <name>Dryden Senior Loan Fund</name>
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        <name>ASTON MARTIN CAPITAL HOL</name>
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        <name>AGL CLO Ltd.</name>
        <lei>549300G9RL3BICT9HA62</lei>
        <title>AGL CLO 11 Ltd</title>
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        <title>Bahamas Government International Bond</title>
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        <name>AMC ENTERTAINMENT HLDGS</name>
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        <title>AMC Entertainment Holdings Inc</title>
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        <name>Bank of America, National Association</name>
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        <name>CITY OF BUENOS AIRES</name>
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        <title>Ciudad Autonoma De Buenos Aires/Government Bonds</title>
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        <title>Country Garden Holdings Co Ltd</title>
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        <name>IVORY COAST</name>
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        <name>Sound Point CLO LTD</name>
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        <name>SHELF DRILL HOLD LTD</name>
        <lei>54930078ZJ3XP4MRYB68</lei>
        <title>Shelf Drilling Holdings Ltd</title>
        <cusip>822538AH7</cusip>
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          <isin value="US822538AH74"/>
          <other otherDesc="SEDOL" value="BQ2LQW6"/>
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        <balance>6600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5292718.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.62500000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Voyager Parent, LLC</name>
        <lei>2549002DYVI4ACSV4V71</lei>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2725552.50000000</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>2032-05-09</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EUREX CLEARING AKTIENGESELLSCHAFT</name>
        <lei>529900LN3S50JPU47S06</lei>
        <title>EURO-BUND</title>
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          <ticker value="RXU5"/>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>EUREX CLEARING AKTIENGESELLSCHAFT</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>BUNDESREPUB. DEUTSCHLAND</issuerName>
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            <expDate>2025-09-08</expDate>
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      <invstOrSec>
        <name>Empire Today Ip, LLC</name>
        <lei>254900NVZEWAL7SJT856</lei>
        <title>EMPIRE TODAY LLC</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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        <title>CDS CAESARS ENTERTAINMENT INC</title>
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          <other otherDesc="INTERNAL" value="SW0WS125161"/>
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        <curCd>USD</curCd>
        <valUSD>127825.98000000</valUSD>
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        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>INTERCONTINENTAL EXCHANGE, INC.</counterpartyName>
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                <issuerName>CAESARS ENTERTAIN INC</issuerName>
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      <invstOrSec>
        <name>Balboa Bay Loan Funding Ltd</name>
        <lei>N/A</lei>
        <title>Balboa Bay Loan Funding 2023-1 Ltd</title>
        <cusip>05765DAZ8</cusip>
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          <isin value="US05765DAZ87"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2258437.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANIJAY ENTERTAINMENT</name>
        <lei>969500CE0IE2EZ5VBG13</lei>
        <title>Banijay Entertainment SAS</title>
        <cusip>060335AB2</cusip>
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          <isin value="US060335AB23"/>
          <other otherDesc="SEDOL" value="BS99WP2"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2076612.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Greywolf CLO Ltd</name>
        <lei>549300RJBZLY8V18YD77</lei>
        <title>Greywolf CLO V Ltd</title>
        <cusip>39808TAE8</cusip>
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          <isin value="US39808TAE82"/>
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        <balance>6250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6286936.88000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-27</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Planview Parent Inc</name>
        <lei>549300SEALM1D9FKMA32</lei>
        <title>PLANVIEW PARENT INC</title>
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          <isin value="US72751PAJ30"/>
          <other otherDesc="INTERNAL" value="BL4872570"/>
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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>AMC NETWORKS INC</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMC Networks Inc</title>
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          <isin value="US00164VAF04"/>
          <other otherDesc="SEDOL" value="BLCHH93"/>
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        <curCd>USD</curCd>
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        <name>Balboa Bay Loan Funding Ltd</name>
        <lei>254900FG1DS8PNX30R63</lei>
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          <isin value="US05765BAE92"/>
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      <invstOrSec>
        <name>JETBLUE AIRWAYS/LOYALTY</name>
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      <invstOrSec>
        <name>China Aoyuan Group Ltd</name>
        <lei>549300YSOKQO5QD6MP25</lei>
        <title>China Aoyuan Group Ltd</title>
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          <ticker value="3883"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <name>SEB Funding LLC</name>
        <lei>N/A</lei>
        <title>SEB Funding LLC</title>
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          <isin value="US78433DAC83"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF 2021-KF117 Mortgage Trust</title>
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          <isin value="US30320YAE59"/>
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        <balance>3423589.91000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3135043.76000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>CHINA AOYUAN GROUP LTD</name>
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        <title>China Aoyuan Group Ltd</title>
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          <isin value="XS2785324703"/>
          <other otherDesc="SEDOL" value="BSSHCK2"/>
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        <balance>70334.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1055.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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            <dbtSecRefInstrument>
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              <title>CHINA AOYUAN GROUP LTD</title>
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                <cusip value="000000000"/>
                <isin value="KYG2119Z1090"/>
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      <invstOrSec>
        <name>REPUBLIC OF GHANA</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>BOOST NEWCO BORROWER LLC</name>
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        <name>TEVA PHARMACEUTICALS NE</name>
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        <name>TK ELEVATOR US NEWCO INC</name>
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        <name>PLAINS ALL AMERICAN PIPE</name>
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        <name>SEDGWICK CMS INC</name>
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        <name>JP Morgan Chase Commercial Mor</name>
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        <name>Bank of America, National Association</name>
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        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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        <name>Freddie Mac - STACR</name>
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          <isin value="US3137G0VB27"/>
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        <name>REPUBLIC OF SRI LANKA</name>
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        <name>CARBON REVOLUTION LTD</name>
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        <name>RR Ltd</name>
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        <name>Bank of America, National Association</name>
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        <name>ECHOSTAR CORP</name>
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        <name>NCR VOYIX CORP</name>
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        <name>Balboa Bay Loan Funding Ltd</name>
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        <name>Bank of America, National Association</name>
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        <name>BLUE RACER MID LLC/FINAN</name>
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        <name>BANK OF AMERICA, NATIONAL ASSOCIATION</name>
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        <name>WYNN MACAU LTD</name>
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        <name>SMB Private Education Loan Tru</name>
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        <name>Starlight Parent LLC</name>
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      <invstOrSec>
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        <name>ECHOSTAR CORP</name>
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        <name>TURK IHRACAT KR</name>
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        <title>Turkiye Ihracat Kredi Bankasi AS</title>
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        <curCd>USD</curCd>
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        <invCountry>TR</invCountry>
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          <maturityDt>2026-07-06</maturityDt>
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      <invstOrSec>
        <name>Apidos CLO Ltd</name>
        <lei>254900XSALC4GJ58ZP29</lei>
        <title>Apidos CLO XLVI Ltd</title>
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          <isin value="US03769YAE05"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2841205.15000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
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          <maturityDt>2036-10-24</maturityDt>
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      <invstOrSec>
        <name>AGL CLO 16 LTD</name>
        <lei>2549009GL17CEZFCKZ48</lei>
        <title>AGL CLO 16 Ltd</title>
        <cusip>00120LAL2</cusip>
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          <isin value="US00120LAL27"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>379053.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-20</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>Ocean Trails CLO</name>
        <lei>635400RMMLHBGDGXBC03</lei>
        <title>Ocean Trails Clo X</title>
        <cusip>67516BAE1</cusip>
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          <isin value="US67516BAE11"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3763966.88000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.08771000</annualizedRt>
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      <invstOrSec>
        <name>FIRST QUANTUM MINERALS L</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>First Quantum Minerals Ltd</title>
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        <valUSD>2077494.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

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        <name>Autokiniton US Holdings Inc</name>
        <lei>254900EHNKMJ1OSEZL85</lei>
        <title>AUTOKINITON US HOLDINGS</title>
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      <invstOrSec>
        <name>SABRE GLBL INC</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>Sabre GLBL Inc</title>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>ARDAGH PKG FIN/HLDGS USA</name>
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        <title>Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc</title>
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        <invCountry>N/A</invCountry>
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        <name>GETTY IMAGES INC</name>
        <lei>5493005NV20IG4VEKZ40</lei>
        <title>Getty Images Inc</title>
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        <title>LD Holdings Group LLC</title>
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        <name>MULTIFAMILY CONNECTICUT AVENUE</name>
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        <title>Multifamily Connecticut Avenue Securities Trust 2020-01</title>
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        <name>Whitebox CLO Ltd</name>
        <lei>549300C89ZJ5IWOT1F21</lei>
        <title>Whitebox Clo II Ltd</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2037-10-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.02518000</annualizedRt>
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        <name>Freddie Mac - STACR</name>
        <lei>5493000ISU5NYXNHD479</lei>
        <title>Freddie Mac STACR REMIC Trust 2021-DNA5</title>
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        <balance>6700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7930377.95000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <name>CoreVest American Finance Ltd</name>
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        <name>Bank of America, National Association</name>
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        <name>BENCHMARK Mortgage Trust</name>
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        <name>X Corp (f/k/a Twitter Inc)</name>
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        <name>Symphony CLO Ltd</name>
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        <name>HalseyPoint CLO I, Ltd.</name>
        <lei>549300POBLM5RW6LD816</lei>
        <title>Halsey Point CLO I Ltd</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>ARAB REPUBLIC OF EGYPT</name>
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        <title>Egypt Government International Bond</title>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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          <transCat>Reverse repurchase</transCat>
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      <invstOrSec>
        <name>SERVICE PROPERTIES TRUST</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
        <cusip>81761LAC6</cusip>
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          <isin value="US81761LAC63"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <securityLending>
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      <invstOrSec>
        <name>CONNECT FINCO SARL/CONNE</name>
        <lei>N/A</lei>
        <title>Connect Finco SARL / Connect US Finco LLC</title>
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          <isin value="US20752TAB08"/>
          <other otherDesc="SEDOL" value="BRQPKY1"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2012756.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bluemountain CLO Ltd</name>
        <lei>N/A</lei>
        <title>BlueMountain CLO XXIX Ltd</title>
        <cusip>09630LAE2</cusip>
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          <isin value="US09630LAE20"/>
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        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6794009.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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      <invstOrSec>
        <name>CHARTER COMM OPT LLC/CAP</name>
        <lei>N/A</lei>
        <title>Charter Communications Operating LLC / Charter Communications Operating Capital</title>
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          <isin value="US161175BC79"/>
          <other otherDesc="SEDOL" value="BD3JMW0"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5121361.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CRESCENT ENERGY FINANCE</name>
        <lei>54930061FUL6DBLFUW14</lei>
        <title>Crescent Energy Finance LLC</title>
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          <isin value="US45344LAD55"/>
          <other otherDesc="SEDOL" value="BQ9D885"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2931720.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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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"/>
          <other otherDesc="INTERNAL" value="BL3547868"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4795325.00000000</valUSD>
        <pctVal>0.621737603330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.69129000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UKRAINE GOVERNMENT</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>Ukraine Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2895056955"/>
          <other otherDesc="SEDOL" value="BKVF0N6"/>
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        <balance>220731.66324000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84429.26000000</valUSD>
        <pctVal>0.010946671135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.01000000</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>NCL CORPORATION LTD</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCL Corp Ltd</title>
        <cusip>62886HBN0</cusip>
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          <isin value="US62886HBN08"/>
          <other otherDesc="SEDOL" value="BQT1NT5"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4219224.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSMC 2021-ADV</title>
        <cusip>12660WAS4</cusip>
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          <isin value="US12660WAS44"/>
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        <balance>7860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9094.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.67648000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Renew Financial</name>
        <lei>N/A</lei>
        <title>Renew 2024-2</title>
        <cusip>75975DAC8</cusip>
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          <isin value="US75975DAC83"/>
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        <balance>1115555.89000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1080360.44000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TKC HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>TKC Holdings Inc</title>
        <cusip>87256YAC7</cusip>
        <identifiers>
          <isin value="US87256YAC75"/>
          <other otherDesc="SEDOL" value="BMFF832"/>
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        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3482319.40000000</valUSD>
        <pctVal>0.451499933328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>CDS AMERICAN AIRLINES GROUP INC</title>
        <cusip>000000000</cusip>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8000.86000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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                <issuerName>AMERICAN AIRLINES GROUP</issuerName>
                <issueTitle>American Airlines Group Inc</issueTitle>
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            <swapFlag>Y</swapFlag>
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            <rcptCurCd>USD</rcptCurCd>
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        <name>Venture CLO 43 Limited</name>
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        <name>GS Mortgage Securities Trust</name>
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        <name>Avis Budget Rental Car Funding</name>
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        <name>BHMS Mortgage Trust</name>
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        <name>CIM Trust</name>
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        <name>HUGHES SATELLITE SYSTEMS</name>
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        <name>LIFEPOINT HEALTH INC</name>
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        <name>Bank of America, National Association</name>
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        <name>TITAN INTERNATIONAL INC</name>
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        <title>Titan International Inc</title>
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        <name>PERMIAN RESOURC OPTG LLC</name>
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        <name>GoldenTree Loan Management US</name>
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        <name>MPH Acquisition Holdings LLC</name>
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        <name>CRESCENT ENERGY FINANCE</name>
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        <name>PERMIAN RESOURC OPTG LLC</name>
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        <title>Permian Resources Operating LLC</title>
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        <name>TCI-Symphony CLO</name>
        <lei>5493005WLG3H3B8NI222</lei>
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        <title>Bausch Health Cos Inc</title>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4228925.00000000</valUSD>
        <pctVal>0.548301041986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortress Credit BSL Limited</name>
        <lei>N/A</lei>
        <title>Fortress Credit BSL XII Ltd</title>
        <cusip>34963GAE8</cusip>
        <identifiers>
          <isin value="US34963GAE89"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2919741.90000000</valUSD>
        <pctVal>0.378558978014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.64771000</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>LETRA TESOURO NACIONAL</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazil Letras do Tesouro Nacional</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRSTNCLTN7U7"/>
          <other otherDesc="SEDOL" value="BNRNRD4"/>
        </identifiers>
        <balance>1209000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43310000"/>
        <valUSD>207193.70000000</valUSD>
        <pctVal>0.026863687959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISTAJET MALTA/VM HOLDS</name>
        <lei>N/A</lei>
        <title>VistaJet Malta Finance PLC / Vista Management Holding Inc</title>
        <cusip>92840JAD1</cusip>
        <identifiers>
          <isin value="US92840JAD19"/>
          <other otherDesc="SEDOL" value="BQ2GVG0"/>
        </identifiers>
        <balance>6500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6545292.00000000</valUSD>
        <pctVal>0.848629479999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</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 Bank USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>CHF/USD FORWARD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="AUU4ZGHGFEUTVQF3XJDDJQAGQ"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>19578.40000000</valUSD>
        <pctVal>0.002538436392</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>Goldman Sachs Bank USA</counterpartyName>
              <counterpartyLei>KD3XUN7C6T14HNAYLU02</counterpartyLei>
            </counterparties>
            <amtCurSold>-561386.38000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>460000.00000000</amtCurPur>
            <curPur>CHF</curPur>
            <settlementDt>2025-07-16</settlementDt>
            <unrealizedAppr>19578.40000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GEO GROUP INC/THE</name>
        <lei>54930024XOXET7NQVZ63</lei>
        <title>GEO Group Inc/The</title>
        <cusip>36162JAH9</cusip>
        <identifiers>
          <isin value="US36162JAH95"/>
          <other otherDesc="SEDOL" value="BRJGR62"/>
        </identifiers>
        <balance>4100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4499557.30000000</valUSD>
        <pctVal>0.583389858195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.25000000</annualizedRt>
          <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>2025-08-25</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>
