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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RITHM CAPITAL CORP 8% 07/15/30</name>
        <lei>549300WNTHGEO5LP2G31</lei>
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        <cusip>64828TAC6</cusip>
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          <isin value="US64828TAC62"/>
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        <valUSD>71618.05000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SYNCHRONY FINAN 7.25% 02/02/33</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>SYNCHRONY FINANCIAL REGD 7.25000000</title>
        <cusip>87165BAU7</cusip>
        <identifiers>
          <isin value="US87165BAU70"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111549.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ICAHN ENTERPRI 4.375% 02/01/29</name>
        <lei>N/A</lei>
        <title>ICAHN ENTERPRISES/FIN REGD SER WI 4.37500000</title>
        <cusip>451102CC9</cusip>
        <identifiers>
          <isin value="US451102CC97"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79512.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONEMAIN FINANCE  6.5% 03/15/33</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 6.50000000</title>
        <cusip>682691AM2</cusip>
        <identifiers>
          <isin value="US682691AM29"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110653.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>VORNADO REALTY L 3.4% 06/01/31</name>
        <lei>N/A</lei>
        <title>VORNADO REALTY LP REGD 3.40000000</title>
        <cusip>929043AL1</cusip>
        <identifiers>
          <isin value="US929043AL12"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45624.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SERVICE PROPERTI 5.5% 12/15/27</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SERVICE PROPERTIES TRUST REGD 5.50000000</title>
        <cusip>81761LAB8</cusip>
        <identifiers>
          <isin value="US81761LAB80"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54599.47000000</valUSD>
        <pctVal>0.198278567046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOWDEN UK REFI 8.125% 02/15/32</name>
        <lei>N/A</lei>
        <title>HOWDEN UK REFINANCE / US REGD 144A P/P 8.12500000</title>
        <cusip>44287DAA1</cusip>
        <identifiers>
          <isin value="US44287DAA19"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71401.19000000</valUSD>
        <pctVal>0.259294195321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</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>NAVIENT CORP 7.875% 06/15/32</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVIENT CORP REGD 7.87500000</title>
        <cusip>63938CAQ1</cusip>
        <identifiers>
          <isin value="US63938CAQ15"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70739.97000000</valUSD>
        <pctVal>0.256892967725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>HUDSON PACIFIC  4.65% 04/01/29</name>
        <lei>N/A</lei>
        <title>HUDSON PACIFIC PROPERTIE REGD 4.65000000</title>
        <cusip>44409MAB2</cusip>
        <identifiers>
          <isin value="US44409MAB28"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64219.20000000</valUSD>
        <pctVal>0.233212720799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PENNYMAC FIN SV 4.25% 02/15/29</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PENNYMAC FIN SVCS INC REGD 144A P/P 4.25000000</title>
        <cusip>70932MAB3</cusip>
        <identifiers>
          <isin value="US70932MAB37"/>
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        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81846.43000000</valUSD>
        <pctVal>0.297226197585</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>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ACRISURE LLC /  4.25% 02/15/29</name>
        <lei>N/A</lei>
        <title>ACRISURE LLC / FIN INC REGD 144A P/P 4.25000000</title>
        <cusip>00489LAF0</cusip>
        <identifiers>
          <isin value="US00489LAF04"/>
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        <balance>90000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>87231.61000000</valUSD>
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        <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>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>AMYNTA AGENCY/WA 7.5% 07/15/33</name>
        <lei>N/A</lei>
        <title>AMYNTA AGENCY/WARRANTY REGD 144A P/P 7.50000000</title>
        <cusip>03238AAA3</cusip>
        <identifiers>
          <isin value="US03238AAA34"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51012.00000000</valUSD>
        <pctVal>0.185250630861</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>HIGHTOWER HOLD 9.125% 01/31/30</name>
        <lei>254900MKOSB7RTMA9K12</lei>
        <title>HIGHTOWER HOLDING LLC REGD 144A P/P 9.12500000</title>
        <cusip>43118DAB6</cusip>
        <identifiers>
          <isin value="US43118DAB64"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58329.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</annualizedRt>
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        <name>FIRSTCASH INC 6.875% 03/01/32</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FIRSTCASH INC REGD 144A P/P 6.87500000</title>
        <cusip>33767DAD7</cusip>
        <identifiers>
          <isin value="US33767DAD75"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72852.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NAVIENT CORP 9.375% 07/25/30</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVIENT CORP REGD 9.37500000</title>
        <cusip>63938CAN8</cusip>
        <identifiers>
          <isin value="US63938CAN83"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75427.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARBOR REALTY SR  8.5% 12/15/28</name>
        <lei>N/A</lei>
        <title>ARBOR REALTY SR INC REGD 144A P/P 8.50000000</title>
        <cusip>03881NAL1</cusip>
        <identifiers>
          <isin value="US03881NAL10"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53615.31000000</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>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105851.80000000</valUSD>
        <pctVal>0.384401958907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
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        <lei>5299001HX8ZN8Y8QIT49</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
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          <isin value="US93148PAA03"/>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED WHOLESAL 5.75% 06/15/27</name>
        <lei>549300HW662MN1WU8550</lei>
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        <cusip>913229AC4</cusip>
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          <isin value="US913229AC47"/>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US77311WAC55"/>
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        <name>NAVIENT CORP 5.5% 03/15/29</name>
        <lei>54930067J0ZNOEBRW338</lei>
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        <cusip>63938CAM0</cusip>
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          <isin value="US63938CAM01"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97875.04000000</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>IRON MOUNTAIN IN 4.5% 02/15/31</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <cusip>46284VAN1</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIVERSIFIED HEA 7.25% 10/15/30</name>
        <lei>N/A</lei>
        <title>DIVERSIFIED HEALTHCARE T REGD 144A P/P 7.25000000</title>
        <cusip>25525PAE7</cusip>
        <identifiers>
          <isin value="US25525PAE79"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46404.00000000</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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      <invstOrSec>
        <name>STONEX GROUP I 7.875% 03/01/31</name>
        <lei>549300JUF07L8VF02M60</lei>
        <title>STONEX GROUP INC REGD 144A P/P 7.87500000</title>
        <cusip>861896AA6</cusip>
        <identifiers>
          <isin value="US861896AA67"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79838.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DIVERSIFIED HEA 4.75% 02/15/28</name>
        <lei>N/A</lei>
        <title>DIVERSIFIED HEALTHCARE T REGD 4.75000000</title>
        <cusip>81721MAM1</cusip>
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          <isin value="US81721MAM10"/>
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        <balance>70000.00000000</balance>
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        <valUSD>67607.54000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PHH ESCROW ISS 9.875% 11/01/29</name>
        <lei>N/A</lei>
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        <cusip>716964AA9</cusip>
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          <isin value="US716964AA94"/>
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        <name>LADDER CAP FIN L 5.5% 08/01/30</name>
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          <isin value="US505742AS58"/>
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        <cusip>35640YAJ6</cusip>
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        <name>IRON MOUNTAIN  4.875% 09/15/27</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRON MOUNTAIN INC REGD 144A P/P 4.87500000</title>
        <cusip>46284VAC5</cusip>
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      <invstOrSec>
        <name>LD HOLDINGS GR 6.125% 04/01/28</name>
        <lei>N/A</lei>
        <title>LD HOLDINGS GROUP LLC REGD 144A P/P 6.12500000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US63938CAP32"/>
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        <name>CREDIT ACCEPTAN 9.25% 12/15/28</name>
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          <isin value="US225310AQ40"/>
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        <name>MOBIUS MERGER SUB 9% 06/01/30</name>
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          <isin value="US606950AA10"/>
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        <cusip>44106MAY8</cusip>
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          <isin value="US44106MAY84"/>
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        <valUSD>47653.45000000</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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        <name>ROCKETMTGE CO- 3.875% 03/01/31</name>
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        <cusip>74841CAB7</cusip>
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        <valUSD>163452.89000000</valUSD>
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      <invstOrSec>
        <name>JANE STREET GR 7.125% 04/30/31</name>
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        <cusip>47077WAC2</cusip>
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          <isin value="US47077WAC29"/>
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        <cusip>34417VAA5</cusip>
        <identifiers>
          <isin value="US34417VAA52"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>138297.38000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DCLI BIDCO LLC 7.75% 11/15/29</name>
        <lei>2549007UUVJTHHNK9T70</lei>
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        <cusip>233104AA6</cusip>
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        <curCd>USD</curCd>
        <valUSD>71279.67000000</valUSD>
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        <name>STARWOOD PROPERT 6.5% 10/15/30</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <cusip>85571BBE4</cusip>
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        <name>JANE STREET GRP/ 4.5% 11/15/29</name>
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        <cusip>47077WAA6</cusip>
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          <isin value="US47077WAA62"/>
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        <name>XHR LP 4.875% 06/01/29</name>
        <lei>N/A</lei>
        <title>XHR LP REGD 144A P/P 4.87500000</title>
        <cusip>98372MAC9</cusip>
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          <isin value="US98372MAC91"/>
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        <balance>70000.00000000</balance>
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        <valUSD>69046.03000000</valUSD>
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        <name>FTAI AVIATION IN 5.5% 05/01/28</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FTAI AVIATION INVESTORS REGD 144A P/P 5.50000000</title>
        <cusip>34960PAD3</cusip>
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        <name>ALLIANT HOLD /  6.75% 10/15/27</name>
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        <cusip>01883LAA1</cusip>
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        <name>FIRSTCASH INC 4.625% 09/01/28</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FIRSTCASH INC REGD 144A P/P 4.62500000</title>
        <cusip>33767DAB1</cusip>
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          <isin value="US33767DAB10"/>
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        <curCd>USD</curCd>
        <valUSD>69528.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>ROCKET COS INC 6.375% 08/01/33</name>
        <lei>N/A</lei>
        <title>ROCKET COS INC REGD 144A P/P 6.37500000</title>
        <cusip>77311WAB7</cusip>
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          <isin value="US77311WAB72"/>
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        <balance>270000.00000000</balance>
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        <valUSD>280451.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>VFH PARENT / VAL 7.5% 06/15/31</name>
        <lei>N/A</lei>
        <title>VFH PARENT / VALOR CO REGD 144A P/P 7.50000000</title>
        <cusip>91824YAA6</cusip>
        <identifiers>
          <isin value="US91824YAA64"/>
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        <valUSD>73375.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FIRSTCASH INC 5.625% 01/01/30</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FIRSTCASH INC REGD 144A P/P 5.62500000</title>
        <cusip>31944TAA8</cusip>
        <identifiers>
          <isin value="US31944TAA88"/>
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        <valUSD>73399.09000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BLOCK INC 5.625% 08/15/30</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>BLOCK INC REGD 144A P/P 5.62500000</title>
        <cusip>852234AT0</cusip>
        <identifiers>
          <isin value="US852234AT09"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRANDYWINE OPER 4.55% 10/01/29</name>
        <lei>N/A</lei>
        <title>BRANDYWINE OPER PARTNERS REGD 4.55000000</title>
        <cusip>105340AP8</cusip>
        <identifiers>
          <isin value="US105340AP80"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42867.14000000</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>COBRA ACQUISIT 6.375% 11/01/29</name>
        <lei>N/A</lei>
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        <cusip>19106CAA4</cusip>
        <identifiers>
          <isin value="US19106CAA45"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48124.98000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>IRON MOUNTAIN I 5.25% 03/15/28</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRON MOUNTAIN INC REGD 144A P/P 5.25000000</title>
        <cusip>46284VAE1</cusip>
        <identifiers>
          <isin value="US46284VAE11"/>
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        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>115028.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90997.70000000</valUSD>
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        <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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      <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>66000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65217.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>ONEMAIN FINANC 7.125% 09/15/32</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 7.12500000</title>
        <cusip>682691AK6</cusip>
        <identifiers>
          <isin value="US682691AK62"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>108869.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>ARETEC GROUP INC 7.5% 04/01/29</name>
        <lei>549300NV2T8A33L0PQ58</lei>
        <title>ARETEC GROUP INC REGD 144A P/P 7.50000000</title>
        <cusip>040133AA8</cusip>
        <identifiers>
          <isin value="US040133AA87"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54907.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>PENNYMAC FIN S 6.875% 02/15/33</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PENNYMAC FIN SVCS INC REGD 144A P/P 6.87500000</title>
        <cusip>70932MAF4</cusip>
        <identifiers>
          <isin value="US70932MAF41"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112268.26000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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>99000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103575.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>FTAI AVIATION INVE 7% 06/15/32</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FTAI AVIATION INVESTORS REGD 144A P/P 7.00000000</title>
        <cusip>34960PAG6</cusip>
        <identifiers>
          <isin value="US34960PAG63"/>
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        <curCd>USD</curCd>
        <valUSD>115848.37000000</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>
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          <isin value="US89785GAA67"/>
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        <curCd>USD</curCd>
        <valUSD>58047.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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          <maturityDt>2030-03-01</maturityDt>
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        <name>PANTHER ESCROW 7.125% 06/01/31</name>
        <lei>N/A</lei>
        <title>PANTHER ESCROW ISSUER REGD 144A P/P 7.12500000</title>
        <cusip>69867RAA5</cusip>
        <identifiers>
          <isin value="US69867RAA59"/>
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        <valUSD>422523.86000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>CPI CG INC 10% 07/15/29</name>
        <lei>N/A</lei>
        <title>CPI CG INC REGD 144A P/P 10.00000000</title>
        <cusip>12598FAC3</cusip>
        <identifiers>
          <isin value="US12598FAC32"/>
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        <balance>36000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38310.12000000</valUSD>
        <pctVal>0.139123615979</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>UNITED WHOLESALE 5.5% 04/15/29</name>
        <lei>549300HW662MN1WU8550</lei>
        <title>UNITED WHOLESALE MTGE LL REGD 144A P/P 5.50000000</title>
        <cusip>913229AA8</cusip>
        <identifiers>
          <isin value="US913229AA80"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>93912.67000000</valUSD>
        <pctVal>0.341044878917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FREEDOM MORTGA 12.25% 10/01/30</name>
        <lei>549300LYRWPSYPK6S325</lei>
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          <isin value="US35640YAL11"/>
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        <curCd>USD</curCd>
        <valUSD>77208.53000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BROADSTREET PA 5.875% 04/15/29</name>
        <lei>549300BS9N54G8DD0R75</lei>
        <title>BROADSTREET PARTNERS GRP REGD 144A P/P 5.87500000</title>
        <cusip>11135RAA3</cusip>
        <identifiers>
          <isin value="US11135RAA32"/>
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        <curCd>USD</curCd>
        <valUSD>99827.73000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACRISURE LLC / F 8.5% 06/15/29</name>
        <lei>N/A</lei>
        <title>ACRISURE LLC / FIN INC REGD 144A P/P 8.50000000</title>
        <cusip>00489LAM5</cusip>
        <identifiers>
          <isin value="US00489LAM54"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73270.12000000</valUSD>
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        <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>PENNYMAC FIN SV 6.75% 02/15/34</name>
        <lei>549300W1D516HBDEU871</lei>
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        <cusip>70932MAH0</cusip>
        <identifiers>
          <isin value="US70932MAH07"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90883.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLY FINANCIAL IN V/R 01/17/40</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY FINANCIAL INC REGD V/R 6.64600000</title>
        <cusip>02005NBY5</cusip>
        <identifiers>
          <isin value="US02005NBY58"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65000.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-17</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ICAHN ENTERPRISES 10% 11/15/29</name>
        <lei>N/A</lei>
        <title>ICAHN ENTERPRISES/FIN REGD 144A P/P 10.00000000</title>
        <cusip>451102CK1</cusip>
        <identifiers>
          <isin value="US451102CK14"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>141489.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</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>DIEBOLD NIXDORF 7.75% 03/31/30</name>
        <lei>549300XZK6EWDBAZSY16</lei>
        <title>DIEBOLD NIXDORF INC REGD 144A P/P 7.75000000</title>
        <cusip>253651AK9</cusip>
        <identifiers>
          <isin value="US253651AK94"/>
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        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>138004.62000000</valUSD>
        <pctVal>0.501165273205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</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>STARWOOD PROPE 4.375% 01/15/27</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STARWOOD PROPERTY TRUST REGD 144A P/P 4.37500000</title>
        <cusip>85571BAY1</cusip>
        <identifiers>
          <isin value="US85571BAY11"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69576.51000000</valUSD>
        <pctVal>0.252667850125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</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>SERVICE PROPERT 4.95% 02/15/27</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SERVICE PROPERTIES TRUST REGD 4.95000000</title>
        <cusip>44106MAW2</cusip>
        <identifiers>
          <isin value="US44106MAW29"/>
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        <balance>13000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12949.79000000</valUSD>
        <pctVal>0.047027302733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MIDCAP FINANCIAL 6.5% 05/01/28</name>
        <lei>N/A</lei>
        <title>MIDCAP FINANCIAL ISSR TR REGD 144A P/P 6.50000000</title>
        <cusip>59567LAA2</cusip>
        <identifiers>
          <isin value="US59567LAA26"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135359.64000000</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>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>CREDIT ACCEPTA 6.625% 03/15/30</name>
        <lei>N/A</lei>
        <title>CREDIT ACCEPTANC REGD 144A P/P 6.62500000</title>
        <cusip>225310AS0</cusip>
        <identifiers>
          <isin value="US225310AS06"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70199.95000000</valUSD>
        <pctVal>0.254931879242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>ALLY FINANCIAL I 6.7% 02/14/33</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY FINANCIAL INC REGD 6.70000000</title>
        <cusip>02005NBS8</cusip>
        <identifiers>
          <isin value="US02005NBS80"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72990.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
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      <invstOrSec>
        <name>PARK INTERMED HOLD 7% 02/01/30</name>
        <lei>N/A</lei>
        <title>PARK INTERMED HOLDINGS REGD 144A P/P 7.00000000</title>
        <cusip>70052LAD5</cusip>
        <identifiers>
          <isin value="US70052LAD55"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>77319.68000000</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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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>ENOVA INTERNAT 9.125% 08/01/29</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>ENOVA INTERNATIONAL INC REGD 144A P/P 9.12500000</title>
        <cusip>29357KAK9</cusip>
        <identifiers>
          <isin value="US29357KAK97"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68813.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>DIVERSIFIED HE 4.375% 03/01/31</name>
        <lei>N/A</lei>
        <title>DIVERSIFIED HEALTHCARE T REGD 4.37500000</title>
        <cusip>25525PAB3</cusip>
        <identifiers>
          <isin value="US25525PAB31"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62507.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLIANT HOLD /  6.75% 04/15/28</name>
        <lei>N/A</lei>
        <title>ALLIANT HOLD / CO-ISSUER REGD 144A P/P 6.75000000</title>
        <cusip>01883LAE3</cusip>
        <identifiers>
          <isin value="US01883LAE39"/>
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        <balance>176000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>179009.60000000</valUSD>
        <pctVal>0.650075302482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COINBASE GLOBA 3.625% 10/01/31</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>COINBASE GLOBAL INC REGD 144A P/P 3.62500000</title>
        <cusip>19260QAD9</cusip>
        <identifiers>
          <isin value="US19260QAD97"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92853.72000000</valUSD>
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      <invstOrSec>
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        <name>ENOVA INTERNAT 11.25% 12/15/28</name>
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          <isin value="US29357KAH68"/>
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        <name>ACRISURE LLC /  8.25% 02/01/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ICAHN ENTERPRISES/ 9% 06/15/30</name>
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        <name>PAGAYA US HOLD 8.875% 08/01/30</name>
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          <isin value="US69549FAC32"/>
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        <name>GLOBAL ATLANTIC F V/R 10/15/54</name>
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        <name>OSAIC HOLDINGS  6.75% 08/01/32</name>
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          <isin value="US78442FAZ18"/>
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        <name>NAVIENT CORP 5% 03/15/27</name>
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        <name>ONEMAIN FINANCE  7.5% 05/15/31</name>
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        <name>ALLIANT HOLD /  4.25% 10/15/27</name>
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        <name>ROCKETMTGE CO- 3.625% 03/01/29</name>
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      <invstOrSec>
        <name>ONEMAIN FINANC 6.625% 05/15/29</name>
        <lei>N/A</lei>
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          <isin value="US682691AH34"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARMOR HOLDCO INC 8.5% 11/15/29</name>
        <lei>254900X6HLK0YPTHHF09</lei>
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          <isin value="US04625PAA93"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ICAHN ENTERPRIS 9.75% 01/15/29</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US451102CF29"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MPT OPER PARTNER 3.5% 03/15/31</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US55342UAM62"/>
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        <valUSD>128338.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GLOBAL AIR LEAS 8.75% 09/01/27</name>
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        <title>GLOBAL AIR LEASE CO LTD REGD 144A P/P 8.75000000</title>
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          <isin value="US37960JAC27"/>
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        <curCd>USD</curCd>
        <valUSD>155457.15000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SBA COMMUNICAT 3.875% 02/15/27</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
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        <cusip>78410GAD6</cusip>
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          <isin value="US78410GAD60"/>
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        <balance>201000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199609.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JANE STREET GR 6.125% 11/01/32</name>
        <lei>N/A</lei>
        <title>JANE STREET GRP/JSG FIN REGD 144A P/P 6.12500000</title>
        <cusip>47077WAD0</cusip>
        <identifiers>
          <isin value="US47077WAD02"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>234383.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
        <cusip>74387UAK7</cusip>
        <identifiers>
          <isin value="US74387UAK79"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73476.55000000</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>
          <annualizedRt>9.75000000</annualizedRt>
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      <invstOrSec>
        <name>AZORRA FINANCE 7.75% 04/15/30</name>
        <lei>254900MC1HXDAVUUP395</lei>
        <title>AZORRA FINANCE REGD 144A P/P 7.75000000</title>
        <cusip>05480AAA3</cusip>
        <identifiers>
          <isin value="US05480AAA34"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78975.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>COINBASE GLOBA 3.375% 10/01/28</name>
        <lei>5493004G3J2SC154DU06</lei>
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        <cusip>19260QAC1</cusip>
        <identifiers>
          <isin value="US19260QAC15"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124193.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROCKET COS INC 6.125% 08/01/30</name>
        <lei>N/A</lei>
        <title>ROCKET COS INC REGD 144A P/P 6.12500000</title>
        <cusip>77311WAA9</cusip>
        <identifiers>
          <isin value="US77311WAA99"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276589.08000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>AZORRA FINANCE 7.25% 01/15/31</name>
        <lei>254900MC1HXDAVUUP395</lei>
        <title>AZORRA FINANCE REGD 144A P/P 7.25000000</title>
        <cusip>05480AAB1</cusip>
        <identifiers>
          <isin value="US05480AAB17"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78603.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PRA GROUP INC 8.875% 01/31/30</name>
        <lei>549300Q5HW3JSSB86K27</lei>
        <title>PRA GROUP INC REGD 144A P/P 8.87500000</title>
        <cusip>69354NAF3</cusip>
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          <isin value="US69354NAF33"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70562.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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        <name>LADDER CAP FIN  4.25% 02/01/27</name>
        <lei>N/A</lei>
        <title>LADDER CAP FIN LLLP/CORP REGD 144A P/P 4.25000000</title>
        <cusip>505742AM8</cusip>
        <identifiers>
          <isin value="US505742AM88"/>
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        <balance>75000.00000000</balance>
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        <valUSD>74628.84000000</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>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>ENCORE CAPITAL  9.25% 04/01/29</name>
        <lei>5493000UVC6H49CIH830</lei>
        <title>ENCORE CAPITAL GROUP INC REGD 144A P/P 9.25000000</title>
        <cusip>292554AQ5</cusip>
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          <isin value="US292554AQ52"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73480.18000000</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>9.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONEMAIN FINANC 5.375% 11/15/29</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 5.37500000</title>
        <cusip>85172FAR0</cusip>
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          <isin value="US85172FAR01"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104780.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <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>
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        <name>OUTFRONT MEDIA CAP 5% 08/15/27</name>
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        <lei>549300OHIIUWSTIZME52</lei>
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      <invstOrSec>
        <name>BREAKWATER ENRG 9.25% 11/15/30</name>
        <lei>N/A</lei>
        <title>BREAKWATER ENRGY HOLD REGD 144A P/P 9.25000000</title>
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          <isin value="US10637BAA35"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WEX INC 6.5% 03/15/33</name>
        <lei>T9M5IGROL1TL1G5OV478</lei>
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        <identifiers>
          <isin value="US96208TAD63"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LIBERTY MUTUAL G 7.8% 03/15/37</name>
        <lei>N/A</lei>
        <title>LIBERTY MUTUAL GROUP INC REGD P/P 7.80000000</title>
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        <identifiers>
          <isin value="US53079EAN40"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68821.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-15</maturityDt>
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      <invstOrSec>
        <name>GGAM FINANCE LTD 8% 02/15/27</name>
        <lei>N/A</lei>
        <title>GGAM FINANCE LTD REGD 144A P/P 8.00000000</title>
        <cusip>36170JAC0</cusip>
        <identifiers>
          <isin value="US36170JAC09"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101768.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ACRISURE LLC /  6.75% 07/01/32</name>
        <lei>N/A</lei>
        <title>ACRISURE LLC / FIN INC REGD 144A P/P 6.75000000</title>
        <cusip>004961AA6</cusip>
        <identifiers>
          <isin value="US004961AA64"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RHP HOTEL PPTY/R 6.5% 04/01/32</name>
        <lei>N/A</lei>
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        <cusip>749571AK1</cusip>
        <identifiers>
          <isin value="US749571AK15"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144895.94000000</valUSD>
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        <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>PROSPECT CAPIT 3.437% 10/15/28</name>
        <lei>549300FSD8T39P5Q0O47</lei>
        <title>PROSPECT CAPITAL CORP REGD 3.43700000</title>
        <cusip>74348TAW2</cusip>
        <identifiers>
          <isin value="US74348TAW27"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35598.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.43700000</annualizedRt>
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      <invstOrSec>
        <name>MPT OPER PARTN 4.625% 08/01/29</name>
        <lei>N/A</lei>
        <title>MPT OPER PARTNERSP/FINL REGD 4.62500000</title>
        <cusip>55342UAJ3</cusip>
        <identifiers>
          <isin value="US55342UAJ34"/>
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        <balance>127000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>108990.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>AMWINS GROUP I 4.875% 06/30/29</name>
        <lei>N/A</lei>
        <title>AMWINS GROUP INC REGD 144A P/P 4.87500000</title>
        <cusip>031921AB5</cusip>
        <identifiers>
          <isin value="US031921AB57"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103654.71000000</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>ONEMAIN FINANCE 6.75% 09/15/33</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 6.75000000</title>
        <cusip>682691AN0</cusip>
        <identifiers>
          <isin value="US682691AN02"/>
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        <balance>135000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>136665.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <name>BREAD FINANCIAL H V/R 06/15/35</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>BREAD FINANCIAL HLDGS REGD V/R 144A P/P 8.37500000</title>
        <cusip>018581AQ1</cusip>
        <identifiers>
          <isin value="US018581AQ17"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56486.49000000</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>Variable</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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      <invstOrSec>
        <name>FIDELIS INSUR HLD V/R 06/15/55</name>
        <lei>549300CDMGCAGJQ7DX03</lei>
        <title>FIDELIS INSUR HLD LTD REGD V/R 7.75000000</title>
        <cusip>31575FAC0</cusip>
        <identifiers>
          <isin value="US31575FAC05"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59471.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>RYAN SPECIALTY 5.875% 08/01/32</name>
        <lei>N/A</lei>
        <title>RYAN SPECIALTY REGD 144A P/P 5.87500000</title>
        <cusip>78351GAA3</cusip>
        <identifiers>
          <isin value="US78351GAA31"/>
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        <valUSD>167831.21000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>RYAN SPECIALTY 4.375% 02/01/30</name>
        <lei>N/A</lei>
        <title>RYAN SPECIALTY GROUP REGD 144A P/P 4.37500000</title>
        <cusip>78351MAA0</cusip>
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          <isin value="US78351MAA09"/>
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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>EF HOLD/EF KY/ 7.375% 09/30/30</name>
        <lei>N/A</lei>
        <title>EF HOLD/EF KY/ELL KY/TRS REGD 144A P/P 7.37500000</title>
        <cusip>31574BAA4</cusip>
        <identifiers>
          <isin value="US31574BAA44"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55656.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LD HOLDINGS GRO 8.75% 11/01/27</name>
        <lei>N/A</lei>
        <title>LD HOLDINGS GROUP LLC REGD 144A P/P 8.75000000</title>
        <cusip>521088AD6</cusip>
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          <isin value="US521088AD62"/>
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        <balance>44000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43911.63000000</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>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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        <name>POPULAR INC 7.25% 03/13/28</name>
        <lei>5493008CARDZMVQ3LO89</lei>
        <title>POPULAR INC REGD 7.25000000</title>
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        <lei>549300DHYTLBOVRXIG52</lei>
        <title>PROG HOLDINGS INC REGD 144A P/P 6.00000000</title>
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      <invstOrSec>
        <name>DRESDNER FNDG  8.151% 06/30/31</name>
        <lei>N/A</lei>
        <title>DRESDNER FNDG TRUST I REGD P/P 8.15100000</title>
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        <identifiers>
          <isin value="US26156FAA12"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>ALLIANT HOLD / CO- 7% 01/15/31</name>
        <lei>N/A</lei>
        <title>ALLIANT HOLD / CO-ISSUER REGD 144A P/P 7.00000000</title>
        <cusip>01883LAF0</cusip>
        <identifiers>
          <isin value="US01883LAF04"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202293.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ARBOR REALTY S 7.875% 07/15/30</name>
        <lei>N/A</lei>
        <title>ARBOR REALTY SR INC REGD 144A P/P 7.87500000</title>
        <cusip>03881NAJ6</cusip>
        <identifiers>
          <isin value="US03881NAJ63"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64242.38000000</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>IRON MOUNTAIN I 5.25% 07/15/30</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRON MOUNTAIN INC REGD 144A P/P 5.25000000</title>
        <cusip>46284VAJ0</cusip>
        <identifiers>
          <isin value="US46284VAJ08"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>178350.80000000</valUSD>
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        <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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      </invstOrSec>
      <invstOrSec>
        <name>ARDONAGH FINCO  7.75% 02/15/31</name>
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        <cusip>039853AA4</cusip>
        <identifiers>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186186.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GOEASY LTD 9.25% 12/01/28</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>GOEASY LTD REGD 144A P/P 9.25000000</title>
        <cusip>380355AH0</cusip>
        <identifiers>
          <isin value="US380355AH08"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77165.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>USI INC/NY 7.5% 01/15/32</name>
        <lei>N/A</lei>
        <title>USI INC/NY REGD 144A P/P 7.50000000</title>
        <cusip>90346KAB5</cusip>
        <identifiers>
          <isin value="US90346KAB52"/>
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        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89090.20000000</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>HUDSON PACIFIC  3.25% 01/15/30</name>
        <lei>N/A</lei>
        <title>HUDSON PACIFIC PROPERTIE REGD 3.25000000</title>
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        <identifiers>
          <isin value="US44409MAC01"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <isin value="US01883LAD55"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STARWOOD PROPERTY  6% 04/15/30</name>
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          <isin value="US85571BBC81"/>
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        <valUSD>56568.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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    <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>
