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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LEVEL 3 FINANC 4.875% 06/15/29</name>
        <lei>N/A</lei>
        <title>LEVEL 3 FINANCING INC REGD P/P 4.87500000</title>
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          <isin value="US527298CB73"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AHLSTROM HLDG  4.875% 02/04/28</name>
        <lei>N/A</lei>
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        <cusip>84612JAA0</cusip>
        <identifiers>
          <isin value="US84612JAA07"/>
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        <invCountry>FI</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LIGHT &amp; WONDER  7.25% 11/15/29</name>
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          <isin value="US80874YBE95"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MIDAS OPCO HOL 5.625% 08/15/29</name>
        <lei>N/A</lei>
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          <isin value="US59565JAA97"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FERRELLGAS LP/ 5.875% 04/01/29</name>
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        <cusip>315289AC2</cusip>
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          <isin value="US315289AC26"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TALLGRASS NRG  7.375% 02/15/29</name>
        <lei>N/A</lei>
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        <cusip>87470LAL5</cusip>
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          <isin value="US87470LAL53"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VERMILION ENERG 7.25% 02/15/33</name>
        <lei>8945009D1HGCJC8M8A68</lei>
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        <cusip>923725AE5</cusip>
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          <isin value="US923725AE50"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WR GRACE HOLDI 6.625% 08/15/32</name>
        <lei>549300WNOVFRGYOAEB12</lei>
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        <cusip>92943GAF8</cusip>
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          <isin value="US92943GAF81"/>
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        <name>SS&amp;C TECHNOLOGIE 5.5% 09/30/27</name>
        <lei>N/A</lei>
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          <isin value="US84749AAC18"/>
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        <lei>529900IS770AG1K9QG27</lei>
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        <cusip>81761LAC6</cusip>
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          <isin value="US81761LAC63"/>
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      <invstOrSec>
        <name>CHURCHILL DOWNS  5.5% 04/01/27</name>
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        <name>TALLGRASS NRG PRTN 6% 12/31/30</name>
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        <name>AMERICAN AXLE &amp; MF 5% 10/01/29</name>
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        <name>1011778 BC / N 4.375% 01/15/28</name>
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          <isin value="US68245XAJ81"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AFRICELL HOLDIN 10.5% 10/23/29</name>
        <lei>984500JFB7AFK4B6C829</lei>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US053773BH95"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <cusip>039653AC4</cusip>
        <identifiers>
          <isin value="US039653AC46"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HUDSON PACIFIC  4.65% 04/01/29</name>
        <lei>N/A</lei>
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          <isin value="US44409MAB28"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEWELL BRANDS IN 7.5% 04/01/46</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NEWELL BRANDS INC REGD 7.50000000</title>
        <cusip>651229AY2</cusip>
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          <isin value="US651229AY21"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38049.61000000</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>2046-04-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>MARRIOTT OWNERS 4.75% 01/15/28</name>
        <lei>N/A</lei>
        <title>MARRIOTT OWNERSHIP RESOR REGD SER WI 4.75000000</title>
        <cusip>57164PAF3</cusip>
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          <isin value="US57164PAF36"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19740.15000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OLYMPUS WTR US  7.25% 06/15/31</name>
        <lei>549300YU2GGVCBN3MY89</lei>
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        <cusip>681639AD2</cusip>
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          <isin value="US681639AD27"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51288.60000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ADAMS HOMES INC 9.25% 10/15/28</name>
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          <isin value="US00623PAB76"/>
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        <name>WINDSTREAM SERV 8.25% 10/01/31</name>
        <lei>N/A</lei>
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        <cusip>97381AAA0</cusip>
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          <isin value="US97381AAA07"/>
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        <name>ACRISURE LLC /  4.25% 02/15/29</name>
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          <isin value="US00489LAF04"/>
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        <name>MCGRAW-HILL ED 7.375% 09/01/31</name>
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          <isin value="US58064LAA26"/>
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        <name>CVR PARTNERS/C 6.125% 06/15/28</name>
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        <name>JB POINDEXTER &amp; 8.75% 12/15/31</name>
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      <invstOrSec>
        <name>AVIS BUDGET CAR 5.75% 07/15/27</name>
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          <isin value="US053773BE64"/>
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        <name>CLARIV SCI HLD 4.875% 07/01/29</name>
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          <isin value="US18064PAD15"/>
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        <valUSD>55927.29000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MAGNERA CORP 7.25% 11/15/31</name>
        <lei>549300LDQLQBT38QDY28</lei>
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          <isin value="US55939AAA51"/>
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        <curCd>USD</curCd>
        <valUSD>52025.23000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ORGANON &amp; CO/O 7.875% 05/15/34</name>
        <lei>N/A</lei>
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          <isin value="US68622FAB76"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TALOS PRODUCTI 9.375% 02/01/31</name>
        <lei>N/A</lei>
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        <cusip>87485LAE4</cusip>
        <identifiers>
          <isin value="US87485LAE48"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42397.64000000</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>2031-02-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>GETTY IMAGES I 11.25% 02/21/30</name>
        <lei>N/A</lei>
        <title>GETTY IMAGES INC REGD 144A P/P 11.25000000</title>
        <cusip>374276AM5</cusip>
        <identifiers>
          <isin value="US374276AM59"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26876.93000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>PENN ENTERTAIN 4.125% 07/01/29</name>
        <lei>N/A</lei>
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        <cusip>707569AV1</cusip>
        <identifiers>
          <isin value="US707569AV14"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23218.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DELUXE CORP 8% 06/01/29</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>DELUXE CORP REGD 144A P/P 8.00000000</title>
        <cusip>248019AU5</cusip>
        <identifiers>
          <isin value="US248019AU57"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35744.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>FREEDOM MORTGA 9.125% 05/15/31</name>
        <lei>N/A</lei>
        <title>FREEDOM MORTGAGE HOLD REGD 144A P/P 9.12500000</title>
        <cusip>35641AAB4</cusip>
        <identifiers>
          <isin value="US35641AAB44"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58218.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</annualizedRt>
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      <invstOrSec>
        <name>NEOGEN FOOD SA 8.625% 07/20/30</name>
        <lei>N/A</lei>
        <title>NEOGEN FOOD SAFE CORP REGD 144A P/P 8.62500000</title>
        <cusip>365417AA2</cusip>
        <identifiers>
          <isin value="US365417AA28"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26672.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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      <invstOrSec>
        <name>OI EUROPEAN GRO 4.75% 02/15/30</name>
        <lei>N/A</lei>
        <title>OI EUROPEAN GROUP BV REGD 144A P/P 4.75000000</title>
        <cusip>67777LAD5</cusip>
        <identifiers>
          <isin value="US67777LAD55"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24211.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>KEHE DIST/FIN / NE 9% 02/15/29</name>
        <lei>N/A</lei>
        <title>KEHE DIST/FIN / NEXTWAVE REGD 144A P/P 9.00000000</title>
        <cusip>487526AC9</cusip>
        <identifiers>
          <isin value="US487526AC91"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68185.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>SEAWORLD PARKS  5.25% 08/15/29</name>
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        <title>SEAWORLD PARKS &amp; ENTERTA REGD 144A P/P 5.25000000</title>
        <cusip>81282UAG7</cusip>
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          <isin value="US81282UAG76"/>
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        <curCd>USD</curCd>
        <valUSD>44021.37000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>DYE &amp; DURHAM L 8.625% 04/15/29</name>
        <lei>N/A</lei>
        <title>DYE &amp; DURHAM LIMITED REGD 144A P/P 8.62500000</title>
        <cusip>267486AA6</cusip>
        <identifiers>
          <isin value="US267486AA63"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36014.49000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <name>CROSSCOUNTRY IN 6.75% 12/01/32</name>
        <lei>N/A</lei>
        <title>CROSSCOUNTRY INTER REGD 144A P/P 6.75000000</title>
        <cusip>22757VAB6</cusip>
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          <isin value="US22757VAB62"/>
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        <curCd>USD</curCd>
        <valUSD>40358.06000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>CD&amp;R SMOKEY / RA 9.5% 10/15/29</name>
        <lei>N/A</lei>
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        <cusip>12515KAA6</cusip>
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          <isin value="US12515KAA60"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48592.21000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>9.50000000</annualizedRt>
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        <name>CROCS INC 4.25% 03/15/29</name>
        <lei>549300B0J6YCXD63OG72</lei>
        <title>CROCS INC REGD 144A P/P 4.25000000</title>
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          <isin value="US227046AA78"/>
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        <curCd>USD</curCd>
        <valUSD>24145.17000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>SIX FLAGS/CANA 5.375% 04/15/27</name>
        <lei>N/A</lei>
        <title>SIX FLAGS/CANADA WON REGD SER WI 5.37500000</title>
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          <isin value="US150190AB26"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25014.15000000</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>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>RAKUTEN GROUP INC V/R /PERP/</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>RAKUTEN GROUP INC REGD V/R /PERP/ 144A P/P 6.25000000</title>
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          <isin value="US75102WAB46"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38709.64000000</valUSD>
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        <name>GEO GROUP INC/ 10.25% 04/15/31</name>
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      <invstOrSec>
        <name>ILIAD HOLDING SA 8.5% 04/15/31</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JETBLUE AIRWAY 9.875% 09/20/31</name>
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      <invstOrSec>
        <name>SINCLAIR TELEV 8.125% 02/15/33</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
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      <invstOrSec>
        <name>ACADIA HEALTHCARE  5% 04/15/29</name>
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        <name>DIVERSIFIED HEA 7.25% 10/15/30</name>
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        <valUSD>25780.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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        <name>CHEMOURS CO 5.75% 11/15/28</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>CHEMOURS CO REGD 144A P/P 5.75000000</title>
        <cusip>163851AF5</cusip>
        <identifiers>
          <isin value="US163851AF58"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49615.99000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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        <name>BLUE RACER MID  7.25% 07/15/32</name>
        <lei>N/A</lei>
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        <cusip>095796AK4</cusip>
        <identifiers>
          <isin value="US095796AK46"/>
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        <curCd>USD</curCd>
        <valUSD>37128.35000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>STAR HOLDING LL 8.75% 08/01/31</name>
        <lei>254900BDGPE9N1WAKD59</lei>
        <title>STAR HOLDING LLC REGD 144A P/P 8.75000000</title>
        <cusip>85513AAA6</cusip>
        <identifiers>
          <isin value="US85513AAA60"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25092.30000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>GOODYEAR TIRE  5.625% 04/30/33</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GOODYEAR TIRE &amp; RUBBER REGD 5.62500000</title>
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        <name>COMSTOCK RESOU 5.875% 01/15/30</name>
        <lei>I03QQGEA4SS774AURI46</lei>
        <title>COMSTOCK RESOURCES INC REGD 144A P/P 5.87500000</title>
        <cusip>205768AT1</cusip>
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        <name>CLARIOS GLOBAL  6.75% 09/15/32</name>
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        <name>MOSS CREEK RESO 8.25% 09/01/31</name>
        <lei>N/A</lei>
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        <cusip>61965RAC9</cusip>
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        <name>FREEDOM MORTGA 6.625% 01/15/27</name>
        <lei>549300LYRWPSYPK6S325</lei>
        <title>FREEDOM MORTGAGE CORP REGD 144A P/P 6.62500000</title>
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        <name>LIFEPOINT HEALTH  11% 10/15/30</name>
        <lei>N/A</lei>
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        <name>VERITIV OPERATI 10.5% 11/30/30</name>
        <lei>N/A</lei>
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          <isin value="US92339LAA08"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>AMERICAN AXLE  6.875% 07/01/28</name>
        <lei>N/A</lei>
        <title>AMERICAN AXLE &amp; MFG INC REGD 6.87500000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRANSOCEAN TIT 8.375% 02/01/28</name>
        <lei>N/A</lei>
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          <isin value="US89386MAA62"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CONSTELLATION EN G 5% 02/01/31</name>
        <lei>N/A</lei>
        <title>CONSTELLATION EN GEN LLC REGD P/P 5.00000000</title>
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        <identifiers>
          <isin value="US210385AJ90"/>
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        <curCd>USD</curCd>
        <valUSD>65923.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WILLIAMS SCOTS 4.625% 08/15/28</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US96950GAE26"/>
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        <curCd>USD</curCd>
        <valUSD>34897.36000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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      <invstOrSec>
        <name>NCL CORPORATIO 5.875% 01/15/31</name>
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        <title>NCL CORPORATION LTD REGD 144A P/P 5.87500000</title>
        <cusip>62886HBY6</cusip>
        <identifiers>
          <isin value="US62886HBY62"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80256.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WOLVERINE WORLD WI 4% 08/15/29</name>
        <lei>549300OVC7PK14LQ8D87</lei>
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        <cusip>978097AG8</cusip>
        <identifiers>
          <isin value="US978097AG86"/>
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        <curCd>USD</curCd>
        <valUSD>37351.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
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      <invstOrSec>
        <name>ACADIA HEALTHC 7.375% 03/15/33</name>
        <lei>5493005CW985Y9D0NC11</lei>
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        <cusip>00404AAQ2</cusip>
        <identifiers>
          <isin value="US00404AAQ22"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39561.79000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
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          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>KOHL'S CORPORAT 5.55% 07/17/45</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
        <title>KOHL'S CORPORATION REGD 5.55000000</title>
        <cusip>500255AV6</cusip>
        <identifiers>
          <isin value="US500255AV61"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20244.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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      <invstOrSec>
        <name>TRANSOCEAN INTE 8.75% 02/15/30</name>
        <lei>N/A</lei>
        <title>TRANSOCEAN INTERNTNL LTD REGD 144A P/P 8.75000000</title>
        <cusip>893830BX6</cusip>
        <identifiers>
          <isin value="US893830BX61"/>
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        <balance>63750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>66487.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>GOLAR LNG LTD 7.5% 10/02/30</name>
        <lei>213800C2VSFZG3EZLO34</lei>
        <title>GOLAR LNG LTD REGD 144A P/P 7.50000000</title>
        <cusip>38046YAE1</cusip>
        <identifiers>
          <isin value="US38046YAE14"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35054.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>S&amp;S HOLDINGS L 8.375% 10/01/31</name>
        <lei>N/A</lei>
        <title>S&amp;S HOLDINGS LLC REGD 144A P/P 8.37500000</title>
        <cusip>78525CAA3</cusip>
        <identifiers>
          <isin value="US78525CAA36"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42941.93000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NGL ENRGY OP/F 8.375% 02/15/32</name>
        <lei>N/A</lei>
        <title>NGL ENRGY OP/FIN CORP REGD 144A P/P 8.37500000</title>
        <cusip>62922LAD0</cusip>
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          <isin value="US62922LAD01"/>
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        <balance>90000.00000000</balance>
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        <valUSD>94254.57000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UPBOUND GROUP  6.375% 02/15/29</name>
        <lei>529900QUHE15UQNCCJ63</lei>
        <title>UPBOUND GROUP INC REGD 144A P/P 6.37500000</title>
        <cusip>76009NAL4</cusip>
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          <isin value="US76009NAL47"/>
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        <name>TRIVIUM PACKAGI 8.25% 07/15/30</name>
        <lei>N/A</lei>
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        <cusip>89686QAD8</cusip>
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          <isin value="US89686QAD88"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ENQUEST PLC 11.625% 11/01/27</name>
        <lei>2138008LJU6WFQWOXJ73</lei>
        <title>ENQUEST PLC REGD 144A P/P 11.62500000</title>
        <cusip>29357JAC0</cusip>
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          <isin value="US29357JAC09"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MOBIUS MERGER SUB 9% 06/01/30</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>AMENTUM HOLDING 7.25% 08/01/32</name>
        <lei>2549009FJIBLW40CU216</lei>
        <title>AMENTUM HOLDINGS INC REGD 144A P/P 7.25000000</title>
        <cusip>02352BAA3</cusip>
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          <isin value="US02352BAA35"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FOCUS FINANCIAL 6.75% 09/15/31</name>
        <lei>N/A</lei>
        <title>FOCUS FINANCIAL PARTNERS REGD 144A P/P 6.75000000</title>
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          <isin value="US34417VAA52"/>
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        <name>AHP HEALTH PART 5.75% 07/15/29</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VISTAJET MALTA/V 9.5% 06/01/28</name>
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      <invstOrSec>
        <name>ENVIRI CORP 5.75% 07/31/27</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUBURBAN PROPANE 6.5% 12/15/35</name>
        <lei>N/A</lei>
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        <cusip>864486AM7</cusip>
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          <isin value="US864486AM71"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NGL ENRGY OP/F 8.125% 02/15/29</name>
        <lei>N/A</lei>
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        <cusip>62922LAC2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>FRONTIER COMMU 5.875% 11/01/29</name>
        <lei>N/A</lei>
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        <cusip>35908MAA8</cusip>
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          <isin value="US35908MAA80"/>
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        <balance>50000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW ENTERPRISE  5.25% 07/15/28</name>
        <lei>549300O5DQ5Y61B8VF38</lei>
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        <cusip>644274AH5</cusip>
        <identifiers>
          <isin value="US644274AH54"/>
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        <balance>35000.00000000</balance>
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        <valUSD>35035.81000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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      <invstOrSec>
        <name>TALEN ENERGY SUP 6.5% 02/01/36</name>
        <lei>N/A</lei>
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        <cusip>87422VAN8</cusip>
        <identifiers>
          <isin value="US87422VAN82"/>
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        <balance>85000.00000000</balance>
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        <valUSD>87185.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>GENESIS ENERGY 8.875% 04/15/30</name>
        <lei>N/A</lei>
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        <cusip>37185LAN2</cusip>
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          <isin value="US37185LAN29"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36855.14000000</valUSD>
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        <name>GOODYEAR TIRE  4.875% 03/15/27</name>
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        <cusip>382550BG5</cusip>
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        <name>GLOBAL PART/GL 7.125% 07/01/33</name>
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        <name>CLEAR CHANNEL  7.125% 02/15/31</name>
        <lei>254900XBEE6V1ENYS150</lei>
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        <cusip>18453HAG1</cusip>
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        <name>OWENS-BROCKWAY 6.625% 05/13/27</name>
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        <cusip>69073TAT0</cusip>
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          <isin value="US69073TAT07"/>
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        <name>CHS/COMMUNITY H 4.75% 02/15/31</name>
        <lei>N/A</lei>
        <title>CHS/COMMUNITY HEALTH SYS REGD 144A P/P 4.75000000</title>
        <cusip>12543DBK5</cusip>
        <identifiers>
          <isin value="US12543DBK54"/>
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        <title>TRANSDIGM INC REGD SER WI 4.62500000</title>
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          <isin value="US893647BP15"/>
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        <name>TENET HEALTHCA 6.125% 10/01/28</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP REGD 6.12500000</title>
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          <isin value="US88033GDK31"/>
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        <balance>117000.00000000</balance>
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        <valUSD>117186.62000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ION PLAT FIN US 8.75% 05/01/29</name>
        <lei>N/A</lei>
        <title>ION PLAT FIN US/SARL REGD P/P SER 144@ 8.75000000</title>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TMS INTERNATION 6.25% 04/15/29</name>
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        <name>K HOVNANIAN ENTERP 8% 04/01/31</name>
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        <name>VFH PARENT / VAL 7.5% 06/15/31</name>
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        <name>ALTA EQUIPMENT GRO 9% 06/01/29</name>
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        <lei>N/A</lei>
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        <name>KOHL'S CORPORA 5.125% 05/01/31</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
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        <cusip>500255AX2</cusip>
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          <isin value="US500255AX28"/>
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        <name>CONDUENT BUS SERVI 6% 11/01/29</name>
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        <name>CORELOGIC INC 4.5% 05/01/28</name>
        <lei>54930086CD8K2UIL0516</lei>
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        <name>OLYMPUS WTR US  7.25% 02/15/33</name>
        <lei>549300YU2GGVCBN3MY89</lei>
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      <invstOrSec>
        <name>CHURCHILL DOWNS 6.75% 05/01/31</name>
        <lei>529900FODTBQC8MIS994</lei>
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        <balance>45000.00000000</balance>
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        <valUSD>46421.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>GLOBAL AUTO HO/ 8.75% 01/15/32</name>
        <lei>N/A</lei>
        <title>GLOBAL AUTO HO/AAG FH UK REGD 144A P/P 8.75000000</title>
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          <isin value="US00033GAB14"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38662.98000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TALLGRASS NRG P 6.75% 03/15/34</name>
        <lei>N/A</lei>
        <title>TALLGRASS NRG PRTNR/FIN REGD 144A P/P 6.75000000</title>
        <cusip>87470LAM3</cusip>
        <identifiers>
          <isin value="US87470LAM37"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45824.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERIGAS PART/FI 9.5% 06/01/30</name>
        <lei>N/A</lei>
        <title>AMERIGAS PART/FIN CORP REGD 144A P/P 9.50000000</title>
        <cusip>030981AP9</cusip>
        <identifiers>
          <isin value="US030981AP92"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37528.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GARDA WORLD SECU 6.5% 01/15/31</name>
        <lei>N/A</lei>
        <title>GARDA WORLD SECURITY REGD 144A P/P 6.50000000</title>
        <cusip>36485MAQ2</cusip>
        <identifiers>
          <isin value="US36485MAQ24"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46156.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>STAR LEASING C 7.625% 02/15/30</name>
        <lei>549300WXKNX4PT3HSN71</lei>
        <title>STAR LEASING CO LLC REGD 144A P/P 7.62500000</title>
        <cusip>854938AA5</cusip>
        <identifiers>
          <isin value="US854938AA54"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47893.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BROOKFIELD PPTY  4.5% 04/01/27</name>
        <lei>N/A</lei>
        <title>BROOKFIELD PPTY REIT INC REGD 144A P/P 4.50000000</title>
        <cusip>11284DAC9</cusip>
        <identifiers>
          <isin value="US11284DAC92"/>
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        <balance>32000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31620.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SK INVICTUS INTERM 5% 10/30/29</name>
        <lei>N/A</lei>
        <title>SK INVICTUS INTERMEDIATE REGD 144A P/P 5.00000000</title>
        <cusip>29977LAA9</cusip>
        <identifiers>
          <isin value="US29977LAA98"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39381.59000000</valUSD>
        <pctVal>0.124097574327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CNTRL PARENT/CD 7.25% 06/15/29</name>
        <lei>N/A</lei>
        <title>CNTRL PARENT/CDK GLB INC REGD 144A P/P 7.25000000</title>
        <cusip>15477CAA3</cusip>
        <identifiers>
          <isin value="US15477CAA36"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38371.66000000</valUSD>
        <pctVal>0.120915126304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>EMBECTA CORP 5% 02/15/30</name>
        <lei>549300RPG8GXVDHNXZ62</lei>
        <title>EMBECTA CORP REGD 144A P/P 5.00000000</title>
        <cusip>29082KAA3</cusip>
        <identifiers>
          <isin value="US29082KAA34"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32775.45000000</valUSD>
        <pctVal>0.103280589800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEWELL BRANDS  6.625% 09/15/29</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NEWELL BRANDS INC REGD 6.62500000</title>
        <cusip>651229BD7</cusip>
        <identifiers>
          <isin value="US651229BD74"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30057.06000000</valUSD>
        <pctVal>0.094714516031</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>DOMTAR CORP 6.75% 10/01/28</name>
        <lei>XYSIJOU3HNVROZWNA008</lei>
        <title>DOMTAR CORP REGD 144A P/P 6.75000000</title>
        <cusip>70478JAA2</cusip>
        <identifiers>
          <isin value="US70478JAA25"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37421.10000000</valUSD>
        <pctVal>0.117919762474</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LSB INDUSTRIES 6.25% 10/15/28</name>
        <lei>5493001H215A0HG0MI71</lei>
        <title>LSB INDUSTRIES REGD 144A P/P 7.29200000</title>
        <cusip>502160AN4</cusip>
        <identifiers>
          <isin value="US502160AN46"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30057.87000000</valUSD>
        <pctVal>0.094717068468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.29200000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WR GRACE HOLDI 4.875% 06/15/27</name>
        <lei>549300WNOVFRGYOAEB12</lei>
        <title>WR GRACE HOLDING LLC REGD 144A P/P 4.87500000</title>
        <cusip>92943GAD3</cusip>
        <identifiers>
          <isin value="US92943GAD34"/>
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        <balance>32000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32000.00000000</valUSD>
        <pctVal>0.100837025078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>HUDBAY MINERAL 6.125% 04/01/29</name>
        <lei>894500LX3TMESP27BE29</lei>
        <title>HUDBAY MINERALS INC REGD 144A P/P 6.12500000</title>
        <cusip>443628AH5</cusip>
        <identifiers>
          <isin value="US443628AH54"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30298.38000000</valUSD>
        <pctVal>0.095474953247</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <name>RIVERS ENTERPR 6.625% 02/01/33</name>
        <lei>N/A</lei>
        <title>RIVERS ENTERPRISE REGD 144A P/P 6.62500000</title>
        <cusip>76883NAA9</cusip>
        <identifiers>
          <isin value="US76883NAA90"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40734.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>ODEON FINCO PL 12.75% 11/01/27</name>
        <lei>9845003ECF9901CC5382</lei>
        <title>ODEON FINCO PLC REGD 144A P/P 12.75000000</title>
        <cusip>67585LAA3</cusip>
        <identifiers>
          <isin value="US67585LAA35"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30805.56000000</valUSD>
        <pctVal>0.097073157071</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JONES DESLAURIER 8.5% 03/15/30</name>
        <lei>549300JQIWNFU00E5424</lei>
        <title>JONES DESLAURIERS INSURA REGD 144A P/P 8.50000000</title>
        <cusip>48020RAB1</cusip>
        <identifiers>
          <isin value="US48020RAB15"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52310.70000000</valUSD>
        <pctVal>0.164839230243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</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>
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      <invstOrSec>
        <name>MADISON IAQ LL 4.125% 06/30/28</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OLYMPUS WTR US  4.25% 10/01/28</name>
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      <invstOrSec>
        <name>CAPSTONE BORROWER  8% 06/15/30</name>
        <lei>254900YSP2BAI3YKIX08</lei>
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      <invstOrSec>
        <name>BORR IHC LTD  10.375% 11/15/30</name>
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      <invstOrSec>
        <name>TUTOR PERINI  11.875% 04/30/29</name>
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      <invstOrSec>
        <name>COUGAR JV SUBSIDIA 8% 05/15/32</name>
        <lei>N/A</lei>
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          <isin value="US22208WAA18"/>
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        <name>KAISER ALUMINU 5.875% 03/01/34</name>
        <lei>N/A</lei>
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        <cusip>483007AM2</cusip>
        <identifiers>
          <isin value="US483007AM21"/>
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        <valUSD>35303.91000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>TRUENOORD CAPIT 8.75% 03/01/30</name>
        <lei>N/A</lei>
        <title>TRUENOORD CAPITAL DAC REGD 144A P/P 8.75000000</title>
        <cusip>89785GAA6</cusip>
        <identifiers>
          <isin value="US89785GAA67"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31662.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GENESIS ENERGY  8.25% 01/15/29</name>
        <lei>N/A</lei>
        <title>GENESIS ENERGY LP/FIN REGD 8.25000000</title>
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          <isin value="US37185LAP76"/>
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        <name>AMC NETWORKS IN 10.5% 07/15/32</name>
        <lei>549300VGG9K75226LR46</lei>
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        <name>UNIVISION COMM 7.375% 06/30/30</name>
        <lei>N/A</lei>
        <title>UNIVISION COMMUNICATIONS REGD 144A P/P 7.37500000</title>
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          <isin value="US914906AX08"/>
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        <fairValLevel>2</fairValLevel>
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        <name>TKC HOLDINGS I 6.875% 05/15/28</name>
        <lei>N/A</lei>
        <title>TKC HOLDINGS INC REGD 144A P/P 6.87500000</title>
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          <isin value="US87256YAC75"/>
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        <name>ADAPTHEALTH LL 5.125% 03/01/30</name>
        <lei>N/A</lei>
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        <name>RADIOLOGY PARTNE 8.5% 07/15/32</name>
        <lei>549300SFTAG2177WUZ08</lei>
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        <name>GOAT HOLDCO LLC 6.75% 02/01/32</name>
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        <name>PANTHER ESCROW 7.125% 06/01/31</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMWINS GROUP I 6.375% 02/15/29</name>
        <lei>N/A</lei>
        <title>AMWINS GROUP INC REGD 144A P/P 6.37500000</title>
        <cusip>031921AC3</cusip>
        <identifiers>
          <isin value="US031921AC31"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56468.89000000</valUSD>
        <pctVal>0.177942339909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CNT PRNT/CDK GLO I 8% 06/15/29</name>
        <lei>N/A</lei>
        <title>CNT PRNT/CDK GLO II/FIN REGD 144A P/P 8.00000000</title>
        <cusip>154915AA0</cusip>
        <identifiers>
          <isin value="US154915AA07"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38930.44000000</valUSD>
        <pctVal>0.122675929831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WILLIAMS SCOTS 7.375% 10/01/31</name>
        <lei>N/A</lei>
        <title>WILLIAMS SCOTSMAN INC REGD 144A P/P 7.37500000</title>
        <cusip>96949VAL7</cusip>
        <identifiers>
          <isin value="US96949VAL71"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26080.45000000</valUSD>
        <pctVal>0.082183593459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>KENNEDY-WILSON  4.75% 03/01/29</name>
        <lei>N/A</lei>
        <title>KENNEDY-WILSON INC REGD 4.75000000</title>
        <cusip>489399AL9</cusip>
        <identifiers>
          <isin value="US489399AL90"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39172.95000000</valUSD>
        <pctVal>0.123440116923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>NEWELL BRANDS IN 8.5% 06/01/28</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NEWELL BRANDS INC REGD 144A P/P 8.50000000</title>
        <cusip>651229BG0</cusip>
        <identifiers>
          <isin value="US651229BG06"/>
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        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89178.18000000</valUSD>
        <pctVal>0.281014449160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</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>
      <invstOrSec>
        <name>STAR PARENT INC 9% 10/01/30</name>
        <lei>254900GRGCJYRMDRWT73</lei>
        <title>STAR PARENT INC REGD 144A P/P 9.00000000</title>
        <cusip>855170AA4</cusip>
        <identifiers>
          <isin value="US855170AA41"/>
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        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68686.93000000</valUSD>
        <pctVal>0.216443302593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOTERA HEALTH  7.375% 06/01/31</name>
        <lei>N/A</lei>
        <title>SOTERA HEALTH HLDGS LLC REGD 144A P/P 7.37500000</title>
        <cusip>83600WAE9</cusip>
        <identifiers>
          <isin value="US83600WAE93"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>57940.58000000</valUSD>
        <pctVal>0.182579866204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW HOME CO INC/ 8.5% 11/01/30</name>
        <lei>549300PLCE8TB3TVRQ85</lei>
        <title>NEW HOME CO INC/THE REGD 144A P/P 8.50000000</title>
        <cusip>645370AG2</cusip>
        <identifiers>
          <isin value="US645370AG22"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31286.94000000</valUSD>
        <pctVal>0.098590061044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</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>HUDSON PACIFIC  5.95% 02/15/28</name>
        <lei>N/A</lei>
        <title>HUDSON PACIFIC PROPERTIE REGD 5.95000000</title>
        <cusip>44409MAD8</cusip>
        <identifiers>
          <isin value="US44409MAD83"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24606.73000000</valUSD>
        <pctVal>0.077539670316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</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>CONCENTRA HEAL 6.875% 07/15/32</name>
        <lei>N/A</lei>
        <title>CONCENTRA HEALTH SERVICE REGD 144A P/P 6.87500000</title>
        <cusip>20600DAA1</cusip>
        <identifiers>
          <isin value="US20600DAA19"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41930.20000000</valUSD>
        <pctVal>0.132128644654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEWELL BRANDS  6.375% 09/15/27</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NEWELL BRANDS INC REGD 6.37500000</title>
        <cusip>651229BC9</cusip>
        <identifiers>
          <isin value="US651229BC91"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30346.92000000</valUSD>
        <pctVal>0.095627910409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</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>SUBURBAN PROPANE P 5% 06/01/31</name>
        <lei>N/A</lei>
        <title>SUBURBAN PROPANE PARTNRS REGD 144A P/P 5.00000000</title>
        <cusip>864486AL9</cusip>
        <identifiers>
          <isin value="US864486AL98"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38438.87000000</valUSD>
        <pctVal>0.121126915568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BEAZER HOMES US 7.25% 10/15/29</name>
        <lei>549300DUPYT2T0F60I45</lei>
        <title>BEAZER HOMES USA REGD SER WI 7.25000000</title>
        <cusip>07556QBT1</cusip>
        <identifiers>
          <isin value="US07556QBT13"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25318.18000000</valUSD>
        <pctVal>0.079781560987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRANSDIGM INC 4.875% 05/01/29</name>
        <lei>N/A</lei>
        <title>TRANSDIGM INC REGD SER WI 4.87500000</title>
        <cusip>893647BQ9</cusip>
        <identifiers>
          <isin value="US893647BQ97"/>
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        <balance>52000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51932.90000000</valUSD>
        <pctVal>0.163648723115</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FREEDOM MORTGA 12.25% 10/01/30</name>
        <lei>549300LYRWPSYPK6S325</lei>
        <title>FREEDOM MORTGAGE CORP REGD 144A P/P 12.25000000</title>
        <cusip>35640YAL1</cusip>
        <identifiers>
          <isin value="US35640YAL11"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33089.37000000</valUSD>
        <pctVal>0.104269801016</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</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>KEDRION SPA 6.5% 09/01/29</name>
        <lei>N/A</lei>
        <title>KEDRION SPA REGD 144A P/P 6.50000000</title>
        <cusip>49272YAB9</cusip>
        <identifiers>
          <isin value="US49272YAB92"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49391.07000000</valUSD>
        <pctVal>0.155639017632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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>WILLIAMS SCOTS 6.625% 06/15/29</name>
        <lei>N/A</lei>
        <title>WILLIAMS SCOTSMAN INC REGD 144A P/P 6.62500000</title>
        <cusip>96949VAM5</cusip>
        <identifiers>
          <isin value="US96949VAM54"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36209.08000000</valUSD>
        <pctVal>0.114100497126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NCL FINANCE LT 6.125% 03/15/28</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ENOVA INTERNAT 9.125% 08/01/29</name>
        <lei>549300O8XOCQSB49UO63</lei>
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        <cusip>29357KAK9</cusip>
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          <isin value="US29357KAK97"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ATLAS LUXCO 4  4.625% 06/01/28</name>
        <lei>N/A</lei>
        <title>ATLAS LUXCO 4 / ALL UNI REGD 144A P/P 4.62500000</title>
        <cusip>019579AA9</cusip>
        <identifiers>
          <isin value="US019579AA90"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DIVERSIFIED HE 4.375% 03/01/31</name>
        <lei>N/A</lei>
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          <isin value="US25525PAB31"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ALLIANT HOLD /  6.75% 04/15/28</name>
        <lei>N/A</lei>
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        <cusip>01883LAE3</cusip>
        <identifiers>
          <isin value="US01883LAE39"/>
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        <fairValLevel>2</fairValLevel>
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        <name>GOODYEAR TIRE &amp; 5.25% 07/15/31</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GOODYEAR TIRE &amp; RUBBER REGD 5.25000000</title>
        <cusip>382550BR1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CONSTELLATION  4.625% 02/01/29</name>
        <lei>N/A</lei>
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          <isin value="US210385AG51"/>
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        <name>SOTHEBY'S/BIDF 5.875% 06/01/29</name>
        <lei>N/A</lei>
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        <cusip>83600GAA2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>ECHOSTAR CORP 10.75% 11/30/29</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>ECHOSTAR CORP REGD SER . 10.75000000</title>
        <cusip>278768AC0</cusip>
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          <isin value="US278768AC00"/>
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        <fairValLevel>2</fairValLevel>
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        <name>LCM INVESTMENT 4.875% 05/01/29</name>
        <lei>549300P5V78NNQTG4428</lei>
        <title>LCM INVESTMENTS HOLDINGS REGD 144A P/P 4.87500000</title>
        <cusip>50190EAA2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CROSSCOUNTRY INT 6.5% 10/01/30</name>
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        <cusip>22757VAA8</cusip>
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        <name>AMC NETWORKS I 10.25% 01/15/29</name>
        <lei>549300VGG9K75226LR46</lei>
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        <cusip>00164VAG8</cusip>
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        <name>SERVICE PROPER 8.875% 06/15/32</name>
        <lei>529900IS770AG1K9QG27</lei>
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        <name>RIVERS ENTERPRI 6.25% 10/15/30</name>
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        <cusip>76884GAA3</cusip>
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        <name>HUB INTERNATIO 7.375% 01/31/32</name>
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        <name>CLEAR CHANNEL OU 7.5% 03/15/33</name>
        <lei>254900XBEE6V1ENYS150</lei>
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        <name>TASEKO MINES LT 8.25% 05/01/30</name>
        <lei>549300XKUO1JSLU7KX54</lei>
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        <cusip>876511AG1</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>RFNA LP 7.875% 02/15/30</name>
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        <name>NEWELL BRANDS 0% 04/01/36</name>
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      <invstOrSec>
        <name>TEAM HEALTH HO 8.375% 06/30/28</name>
        <lei>N/A</lei>
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        <name>LUMEN TECHNOLO 4.125% 04/15/29</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
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        <name>CLOUD SOFTWARE GRP 9% 09/30/29</name>
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        <name>LONG RIDGE ENER 8.75% 02/15/32</name>
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        <name>TALLGRASS NRG PRTN 6% 09/01/31</name>
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        <name>LIFEPOINT HEAL 8.375% 02/15/32</name>
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        <name>ZIGGO BOND CO  5.125% 02/28/30</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARAGVI FINANC 11.125% 11/20/29</name>
        <lei>N/A</lei>
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          <isin value="US03851RAC88"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAESARS ENTERTAIN  6% 10/15/32</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CAESARS ENTERTAIN INC REGD 144A P/P 6.00000000</title>
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        <fairValLevel>2</fairValLevel>
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        <name>MOTION FINCO S 8.375% 02/15/32</name>
        <lei>N/A</lei>
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        <cusip>61980LAB5</cusip>
        <identifiers>
          <isin value="US61980LAB53"/>
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        <valUSD>25874.73000000</valUSD>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FERTITTA ENTER 4.625% 01/15/29</name>
        <lei>N/A</lei>
        <title>FERTITTA ENTERTAINMENT REGD 144A P/P 4.62500000</title>
        <cusip>31556TAA7</cusip>
        <identifiers>
          <isin value="US31556TAA79"/>
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        <balance>70000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OWENS-BROCKWAY 7.375% 06/01/32</name>
        <lei>N/A</lei>
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        <cusip>69073TAV5</cusip>
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          <isin value="US69073TAV52"/>
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        <balance>20000.00000000</balance>
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        <valUSD>20423.24000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>POST HOLDINGS  4.625% 04/15/30</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <cusip>737446AQ7</cusip>
        <identifiers>
          <isin value="US737446AQ74"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>92850.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>BANIJAY ENTERT 8.125% 05/01/29</name>
        <lei>N/A</lei>
        <title>BANIJAY ENTERTAINMENT REGD 144A P/P 8.12500000</title>
        <cusip>060335AB2</cusip>
        <identifiers>
          <isin value="US060335AB23"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31227.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARDAGH GROUP SA 9.5% 12/01/30</name>
        <lei>N/A</lei>
        <title>ARDAGH GROUP SA REGD 144A P/P 9.50000000</title>
        <cusip>039959AA9</cusip>
        <identifiers>
          <isin value="US039959AA98"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118940.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>9.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNISYS CORP 10.625% 01/15/31</name>
        <lei>549300T21W22FIJJOW08</lei>
        <title>UNISYS CORP REGD 144A P/P 10.62500000</title>
        <cusip>909214BX5</cusip>
        <identifiers>
          <isin value="US909214BX53"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47478.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>BLUELINX HOLDING 6% 11/15/29</name>
        <lei>549300YSX7GU28F5I540</lei>
        <title>BLUELINX HOLDING REGD 144A P/P 6.00000000</title>
        <cusip>09624HAA7</cusip>
        <identifiers>
          <isin value="US09624HAA77"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CERDIA FINANZ  9.375% 10/03/31</name>
        <lei>N/A</lei>
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        <cusip>15679GAC6</cusip>
        <identifiers>
          <isin value="US15679GAC69"/>
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        <balance>60000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GOODYEAR TIRE &amp; 5.25% 04/30/31</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GOODYEAR TIRE &amp; RUBBER REGD 5.25000000</title>
        <cusip>382550BJ9</cusip>
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          <isin value="US382550BJ95"/>
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        <valUSD>38519.34000000</valUSD>
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        <name>APOLLO CMMRL R 4.625% 06/15/29</name>
        <lei>549300E0AN7M2AQHSY29</lei>
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        <cusip>03762UAD7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>SUMMIT MIDSTRE 8.625% 10/31/29</name>
        <lei>N/A</lei>
        <title>SUMMIT MIDSTREAM HOLDING REGD 144A P/P 8.62500000</title>
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        <identifiers>
          <isin value="US86614JAA34"/>
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        <fairValLevel>2</fairValLevel>
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        <name>RAVEN ACQUISIT 6.875% 11/15/31</name>
        <lei>N/A</lei>
        <title>RAVEN ACQUISITION HOLDIN REGD 144A P/P 6.87500000</title>
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          <isin value="US75420NAA19"/>
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        <fairValLevel>2</fairValLevel>
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        <name>UKG INC 6.875% 02/01/31</name>
        <lei>N/A</lei>
        <title>UKG INC REGD 144A P/P 6.87500000</title>
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          <isin value="US90279XAA00"/>
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        <valUSD>164998.99000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ATLANTICUS HOLD 9.75% 09/01/30</name>
        <lei>N/A</lei>
        <title>ATLANTICUS HOLDINGS CORP REGD 144A P/P 9.75000000</title>
        <cusip>04914AAA2</cusip>
        <identifiers>
          <isin value="US04914AAA25"/>
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        <balance>30000.00000000</balance>
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        <name>PEBBLEBROOK HO 6.375% 10/15/29</name>
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        <name>SCOTTS MIRACLE-GRO 4% 04/01/31</name>
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        <name>ION PLAT FIN US/SA 9% 08/01/29</name>
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        <name>LINDBLAD EXPEDITIO 7% 09/15/30</name>
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        <name>ADAPTHEALTH LL 6.125% 08/01/28</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRONERI LUX FINCO  6% 08/01/32</name>
        <lei>N/A</lei>
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        <cusip>35901MAA5</cusip>
        <identifiers>
          <isin value="US35901MAA53"/>
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        <curCd>USD</curCd>
        <valUSD>40544.24000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SIX FLAGS ENTER 7.25% 05/15/31</name>
        <lei>529900AS2CYWYFHRS781</lei>
        <title>SIX FLAGS ENTERTAINME REGD 144A P/P 7.25000000</title>
        <cusip>83001AAD4</cusip>
        <identifiers>
          <isin value="US83001AAD46"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PROVIDENT FDG/P 9.75% 09/15/29</name>
        <lei>N/A</lei>
        <title>PROVIDENT FDG/PFG FIN REGD 144A P/P 9.75000000</title>
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        <identifiers>
          <isin value="US74387UAK79"/>
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        <curCd>USD</curCd>
        <valUSD>41986.60000000</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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      <invstOrSec>
        <name>OPTION CARE HE 4.375% 10/31/29</name>
        <lei>549300DI3Q5ACSYJRI17</lei>
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        <cusip>68404LAA0</cusip>
        <identifiers>
          <isin value="US68404LAA08"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29382.04000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GULFPORT ENERGY 6.75% 09/01/29</name>
        <lei>549300FJX18IDUFPHD40</lei>
        <title>GULFPORT ENERGY OP CORP REGD 144A P/P 6.75000000</title>
        <cusip>402635AT3</cusip>
        <identifiers>
          <isin value="US402635AT32"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HLF FIN SARL L 4.875% 06/01/29</name>
        <lei>N/A</lei>
        <title>HLF FIN SARL LLC/HERBALI REGD 144A P/P 4.87500000</title>
        <cusip>40390DAC9</cusip>
        <identifiers>
          <isin value="US40390DAC92"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33250.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FIVE POINT OPERATI 8% 10/01/30</name>
        <lei>N/A</lei>
        <title>FIVE POINT OPERATING CO REGD 144A P/P 8.00000000</title>
        <cusip>33834YAC2</cusip>
        <identifiers>
          <isin value="US33834YAC21"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36396.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VIKING BAKED G 8.625% 11/01/31</name>
        <lei>N/A</lei>
        <title>VIKING BAKED GOODS ACQUI REGD 144A P/P 8.62500000</title>
        <cusip>92676AAA5</cusip>
        <identifiers>
          <isin value="US92676AAA51"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59563.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>CLEAR CHANNEL  7.875% 04/01/30</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 7.87500000</title>
        <cusip>18453HAF3</cusip>
        <identifiers>
          <isin value="US18453HAF38"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>57940.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>ARCOSA INC 4.375% 04/15/29</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>ARCOSA INC REGD 144A P/P 4.37500000</title>
        <cusip>039653AA8</cusip>
        <identifiers>
          <isin value="US039653AA89"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24596.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COGENT COMMS GRP / 7% 06/15/27</name>
        <lei>N/A</lei>
        <title>COGENT COMMS GRP / FIN REGD 144A P/P 7.00000000</title>
        <cusip>19240WAA7</cusip>
        <identifiers>
          <isin value="US19240WAA71"/>
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        <valUSD>14923.32000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHEMOURS CO 5.375% 05/15/27</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>CHEMOURS CO REGD 5.37500000</title>
        <cusip>163851AE8</cusip>
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          <isin value="US163851AE83"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35248.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>GLOBAL AUTO HO/ 11.5% 08/15/29</name>
        <lei>N/A</lei>
        <title>GLOBAL AUTO HO/AAG FH UK REGD 144A P/P 11.50000000</title>
        <cusip>00033YAA4</cusip>
        <identifiers>
          <isin value="US00033YAA47"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GENESIS ENERGY 7.875% 05/15/32</name>
        <lei>N/A</lei>
        <title>GENESIS ENERGY LP/FIN REGD 7.87500000</title>
        <cusip>37185LAQ5</cusip>
        <identifiers>
          <isin value="US37185LAQ59"/>
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        <balance>50000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BLACKSTONE MORT 7.75% 12/01/29</name>
        <lei>549300OLDJ20R2Y2UW20</lei>
        <title>BLACKSTONE MORTGAGE TR REGD 144A P/P 7.75000000</title>
        <cusip>09257WAF7</cusip>
        <identifiers>
          <isin value="US09257WAF77"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>LIFEPOINT HEAL 9.875% 08/15/30</name>
        <lei>N/A</lei>
        <title>LIFEPOINT HEALTH INC REGD 144A P/P 9.87500000</title>
        <cusip>53219LAV1</cusip>
        <identifiers>
          <isin value="US53219LAV18"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59074.68000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>9.87500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
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        <name>BLOOMIN' BRAND 5.125% 04/15/29</name>
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        <name>NORTHERN OIL &amp; 7.875% 10/15/33</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
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      <invstOrSec>
        <name>POST HOLDINGS IN 4.5% 09/15/31</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LFS TOPCO LLC 8.75% 07/15/30</name>
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          <isin value="US50203TAB26"/>
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        <name>AETHON UN/AETHIN 7.5% 10/01/29</name>
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        <name>ZIPRECRUITER INC 5% 01/15/30</name>
        <lei>549300HLOVNNFCY2IV80</lei>
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        <name>CLUE OPCO LLC 9.5% 10/15/31</name>
        <lei>N/A</lei>
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          <isin value="US36267QAA22"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>GCI LLC 4.75% 10/15/28</name>
        <lei>N/A</lei>
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          <isin value="US36166TAB61"/>
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        <name>ENERGIZER HOLDI 4.75% 06/15/28</name>
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        <name>CHEMOURS CO 8% 01/15/33</name>
        <lei>549300M1BOLNXL8DOV14</lei>
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        <name>LIGHT &amp; WONDER  6.25% 10/01/33</name>
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        <name>MARRIOTT OWNERSH 4.5% 06/15/29</name>
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        <name>CITGO PETROLEU 8.375% 01/15/29</name>
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        <name>SCOTTS MIRACLE-G 4.5% 10/15/29</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>SCOTTS MIRACLE-GRO CO REGD SER WI 4.50000000</title>
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        <name>VM CONSOLIDATED  5.5% 04/15/29</name>
        <lei>N/A</lei>
        <title>VM CONSOLIDATED INC REGD 144A P/P 5.50000000</title>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>NEPTUNE BIDCO U 9.29% 04/15/29</name>
        <lei>N/A</lei>
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          <isin value="US640695AA01"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CABLEVISION LI 3.875% 09/15/27</name>
        <lei>N/A</lei>
        <title>CABLEVISION LIGHTPATH REGD 144A P/P 3.87500000</title>
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          <isin value="US12687GAA76"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILIAD HOLDING SAS 7% 10/15/28</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>ILIAD HOLDING SAS REGD 144A P/P 7.00000000</title>
        <cusip>449691AC8</cusip>
        <identifiers>
          <isin value="US449691AC82"/>
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        <valUSD>50611.70000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>XEROX CORPORAT 10.25% 10/15/30</name>
        <lei>N/A</lei>
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          <isin value="US984121CS05"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHURCHILL DOWNS 4.75% 01/15/28</name>
        <lei>529900FODTBQC8MIS994</lei>
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        <cusip>171484AE8</cusip>
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          <isin value="US171484AE81"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>ENERGIZER HOLD 4.375% 03/31/29</name>
        <lei>5493000D6NN0V57UME20</lei>
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          <isin value="US29272WAD11"/>
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        <valUSD>48058.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALPHA GENERATIO 6.75% 10/15/32</name>
        <lei>254900K5V62L4YGVKF49</lei>
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        <cusip>02073LAA9</cusip>
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          <isin value="US02073LAA98"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72616.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DELEK LOG PART 7.125% 06/01/28</name>
        <lei>N/A</lei>
        <title>DELEK LOG PART/FINANCE REGD 144A P/P 7.12500000</title>
        <cusip>24665FAC6</cusip>
        <identifiers>
          <isin value="US24665FAC68"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20144.32000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SIX FLAGS/CANAD 5.25% 07/15/29</name>
        <lei>N/A</lei>
        <title>SIX FLAGS/CANADA WON REGD 5.25000000</title>
        <cusip>150190AE6</cusip>
        <identifiers>
          <isin value="US150190AE64"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24017.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>STATION CASINOS  4.5% 02/15/28</name>
        <lei>N/A</lei>
        <title>STATION CASINOS LLC REGD 144A P/P 4.50000000</title>
        <cusip>857691AG4</cusip>
        <identifiers>
          <isin value="US857691AG41"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44815.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PENN ENTERTAIN 5.625% 01/15/27</name>
        <lei>N/A</lei>
        <title>PENN ENTERTAINMENT INC REGD 144A P/P 5.62500000</title>
        <cusip>707569AS8</cusip>
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          <isin value="US707569AS84"/>
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        <balance>25000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RAKUTEN GROUP INC V/R /PERP/</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>RAKUTEN GROUP INC REGD V/R /PERP/ 144A P/P 8.12500000</title>
        <cusip>75102WAM0</cusip>
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          <isin value="US75102WAM01"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACCO BRANDS COR 4.25% 03/15/29</name>
        <lei>JCT8P4Y190IH4I1NX328</lei>
        <title>ACCO BRANDS CORP REGD 144A P/P 4.25000000</title>
        <cusip>00081TAK4</cusip>
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          <isin value="US00081TAK43"/>
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        <name>HEALTHEQUITY INC 4.5% 10/01/29</name>
        <lei>529900LRJU1RAFQHM467</lei>
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        <cusip>42226AAA5</cusip>
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          <isin value="US42226AAA51"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ICAHN ENTERPRIS 5.25% 05/15/27</name>
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        <title>ICAHN ENTERPRISES/FIN REGD SER WI 5.25000000</title>
        <cusip>451102BZ9</cusip>
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          <isin value="US451102BZ91"/>
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        <fairValLevel>2</fairValLevel>
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        <name>GETTY IMAGES INC 14% 03/01/28</name>
        <lei>N/A</lei>
        <title>GETTY IMAGES INC REGD 144A P/P 14.00000000</title>
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          <isin value="US374276AP80"/>
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        <valUSD>18850.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>WILDFIRE INTERME 7.5% 10/15/29</name>
        <lei>5493003RHEMQJZEXIR02</lei>
        <title>WILDFIRE INTERMEDIATE HO REGD 144A P/P 7.50000000</title>
        <cusip>96812HAA6</cusip>
        <identifiers>
          <isin value="US96812HAA68"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35570.01000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
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      <invstOrSec>
        <name>RAILWORKS HOLDI 8.25% 11/15/28</name>
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      <invstOrSec>
        <name>AMS-OSRAM AG 12.25% 03/30/29</name>
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        <name>ION PLAT FIN US/SA 5% 05/01/28</name>
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        <name>HILTON GRAND V 4.875% 07/01/31</name>
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        <cusip>737446AX2</cusip>
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          <isin value="US737446AX26"/>
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        <name>ARCHES BUYER IN 4.25% 06/01/28</name>
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        <name>ARDAGH METAL PA 3.25% 09/01/28</name>
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        <name>BLUE RACER MID LLC 7% 07/15/29</name>
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        <name>BORR IHC LTD / BO 10% 11/15/28</name>
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        <name>PAPA JOHN'S IN 3.875% 09/15/29</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>RAIN CARBON IN 12.25% 09/01/29</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>BCPE FLAVOR DEBT 9.5% 07/01/32</name>
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          <isin value="US072933AA25"/>
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      <invstOrSec>
        <name>BEACON MOBILITY 7.25% 08/01/30</name>
        <lei>254900EBTYFG24UQEM31</lei>
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        <cusip>073644AA4</cusip>
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          <isin value="US073644AA49"/>
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        <curCd>USD</curCd>
        <valUSD>41900.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>CONNECT FINCO SARL 9% 09/15/29</name>
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        <title>CONNECT FINCO SARL/CONNE REGD 144A P/P 9.00000000</title>
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        <name>STAPLES INC 10.75% 09/01/29</name>
        <lei>N/A</lei>
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          <isin value="US855030AQ50"/>
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        <name>LEVEL 3 FINANCING  7% 03/31/34</name>
        <lei>N/A</lei>
        <title>LEVEL 3 FINANCING INC REGD 144A P/P 7.00000000</title>
        <cusip>527298CN1</cusip>
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          <isin value="US527298CN12"/>
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        <curCd>USD</curCd>
        <valUSD>176224.55000000</valUSD>
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      <invstOrSec>
        <name>BEAZER HOMES U 5.875% 10/15/27</name>
        <lei>549300DUPYT2T0F60I45</lei>
        <title>BEAZER HOMES USA REGD SER WI 5.87500000</title>
        <cusip>07556QBR5</cusip>
        <identifiers>
          <isin value="US07556QBR56"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19939.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
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        <name>MERCER INTL IN 5.125% 02/01/29</name>
        <lei>549300Z5IAG39VRTY874</lei>
        <title>MERCER INTL INC REGD SER WI 5.12500000</title>
        <cusip>588056BB6</cusip>
        <identifiers>
          <isin value="US588056BB60"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37127.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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      <invstOrSec>
        <name>ALLIANT HOLD / C 6.5% 10/01/31</name>
        <lei>N/A</lei>
        <title>ALLIANT HOLD / CO-ISSUER REGD 144A P/P 6.50000000</title>
        <cusip>01883LAG8</cusip>
        <identifiers>
          <isin value="US01883LAG86"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72037.00000000</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>2031-10-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LCM INVESTMENTS 8.25% 08/01/31</name>
        <lei>549300P5V78NNQTG4428</lei>
        <title>LCM INVESTMENTS HOLDINGS REGD 144A P/P 8.25000000</title>
        <cusip>50190EAC8</cusip>
        <identifiers>
          <isin value="US50190EAC84"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63242.22000000</valUSD>
        <pctVal>0.199286166380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CROCS INC 4.125% 08/15/31</name>
        <lei>549300B0J6YCXD63OG72</lei>
        <title>CROCS INC REGD 144A P/P 4.12500000</title>
        <cusip>227046AB5</cusip>
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          <isin value="US227046AB51"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22901.21000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>GOODYEAR TIRE  6.625% 07/15/30</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GOODYEAR TIRE &amp; RUBBER REGD 6.62500000</title>
        <cusip>382550BS9</cusip>
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        <balance>30000.00000000</balance>
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        <valUSD>30744.48000000</valUSD>
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        <name>GLOBAL PART/GLP 8.25% 01/15/32</name>
        <lei>N/A</lei>
        <title>GLOBAL PART/GLP FINANCE REGD 144A P/P 8.25000000</title>
        <cusip>37954FAK0</cusip>
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          <isin value="US37954FAK03"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAUSCH + LOMB  8.375% 10/01/28</name>
        <lei>549300NY6OZM39SO6475</lei>
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        <cusip>071705AA5</cusip>
        <identifiers>
          <isin value="US071705AA56"/>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>MAUSER PACKAGI 7.875% 04/15/30</name>
        <lei>N/A</lei>
        <title>MAUSER PACKAGING SOLUT REGD 144A P/P 7.87500000</title>
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          <isin value="US57763RAE71"/>
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        <valUSD>178423.88000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CONSENSUS CLOUD  6.5% 10/15/28</name>
        <lei>N/A</lei>
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          <isin value="US20848VAB18"/>
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        <valUSD>25085.55000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>TK ELEVATOR US  5.25% 07/15/27</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ENERGIZER HOLDINGS 6% 09/15/33</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PARK RIVER HOLDING 8% 03/15/31</name>
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        <name>GRIFFON CORPORA 5.75% 03/01/28</name>
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          <isin value="US398433AP71"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>LIGHT &amp; WONDER I 7.5% 09/01/31</name>
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        <name>BROOKFIELD RESID P 5% 06/15/29</name>
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        <name>ANYWHERE REAL EST/ 7% 04/15/30</name>
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        <name>WAYFAIR LLC 7.25% 10/31/29</name>
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        <name>CALDERYS FINAN 11.25% 06/01/28</name>
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        <name>NEW HOME CO INC 9.25% 10/01/29</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MPT OPER PARTNER 8.5% 02/15/32</name>
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        <name>AMERIGAS PART/F 5.75% 05/20/27</name>
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        <name>AMERIGAS PART/ 9.375% 06/01/28</name>
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        <name>CHAMP ACQUISIT 8.375% 12/01/31</name>
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        <name>QUIKRETE HOLDIN 6.75% 03/01/33</name>
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        <name>GENESIS ENERGY  7.75% 02/01/28</name>
        <lei>N/A</lei>
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        <name>SABRE GLBL IN 11.125% 07/15/30</name>
        <lei>N/A</lei>
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        <cusip>78573NAM4</cusip>
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        <name>VELOCITY VEHICLE G 8% 06/01/29</name>
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        <name>FIESTA PURCHAS 7.875% 03/01/31</name>
        <lei>N/A</lei>
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          <isin value="US31659AAA43"/>
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        <name>ACRISURE LLC /  6.75% 07/01/32</name>
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        <name>BOMBARDIER INC 6% 02/15/28</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
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        <name>BKV UPSTREAM MID 7.5% 10/15/30</name>
        <lei>254900LG75NBYHBBAU18</lei>
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        <name>CABLE ONE INC 4% 11/15/30</name>
        <lei>549300648QS85T0XSH18</lei>
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          <isin value="US12685JAC99"/>
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        <valUSD>29147.81000000</valUSD>
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      <invstOrSec>
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        <name>ADAPTHEALTH LL 4.625% 08/01/29</name>
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        <curCd>USD</curCd>
        <valUSD>68178.50000000</valUSD>
        <pctVal>0.214841159822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</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>SC GAMES HOLDI 6.625% 03/01/30</name>
        <lei>N/A</lei>
        <title>SC GAMES HOLDIN/US FINCO REGD 144A P/P 6.62500000</title>
        <cusip>80874DAA4</cusip>
        <identifiers>
          <isin value="US80874DAA46"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45660.53000000</valUSD>
        <pctVal>0.143883500272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="ISO country code not reported for forwards, swaps or supranationals." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>BondBloxx ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Tony Kelly</ncom:signature>
      <ncom:signerName>Tony Kelly</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
