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        <name>LUMEN TECHNOLO 5.375% 06/15/29</name>
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        <name>RACKSPACE TECHNO 3.5% 02/15/28</name>
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        <name>SIRIUS XM RADIO IN 4% 07/15/28</name>
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        <name>VERTIV GROUP C 4.125% 11/15/28</name>
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      <invstOrSec>
        <name>CDK GLOBAL INC 5.25% 05/15/29</name>
        <lei>5493000L10CYRTHIJ385</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SCRIPPS ESCROW 5.375% 01/15/31</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELASTIC NV 4.125% 07/15/29</name>
        <lei>2549003I48WHHH937I59</lei>
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          <isin value="US28415LAA17"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OPEN TEXT CORP 3.875% 12/01/29</name>
        <lei>549300HP7ONDQODZJV16</lei>
        <title>OPEN TEXT CORP REGD 144A P/P 3.87500000</title>
        <cusip>683715AD8</cusip>
        <identifiers>
          <isin value="US683715AD87"/>
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        <curCd>USD</curCd>
        <valUSD>22250.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>LAMAR MEDIA COR 3.75% 02/15/28</name>
        <lei>N/A</lei>
        <title>LAMAR MEDIA CORP REGD SER WI 3.75000000</title>
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          <isin value="US513075BR18"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LIONS GATE CAPIT 5.5% 04/15/29</name>
        <lei>N/A</lei>
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        <cusip>53627NAE1</cusip>
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          <isin value="US53627NAE13"/>
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        <valUSD>13316.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>DIAMOND SPORTS 6.625% 08/15/27</name>
        <lei>N/A</lei>
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        <cusip>25277LAC0</cusip>
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          <isin value="US25277LAC00"/>
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        <curCd>USD</curCd>
        <valUSD>4200.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LAMAR MEDIA CO 3.625% 01/15/31</name>
        <lei>N/A</lei>
        <title>LAMAR MEDIA CORP REGD 3.62500000</title>
        <cusip>513075BZ3</cusip>
        <identifiers>
          <isin value="US513075BZ34"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13073.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>DELUXE CORP 8% 06/01/29</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>DELUXE CORP REGD 144A P/P 8.00000000</title>
        <cusip>248019AU5</cusip>
        <identifiers>
          <isin value="US248019AU57"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9501.95000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIDEOTRON LTD 5.375% 06/15/24</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US92660FAG90"/>
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        <curCd>USD</curCd>
        <valUSD>15169.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPRINT CORP 7.875% 09/15/23</name>
        <lei>N/A</lei>
        <title>SPRINT CORP REGD SER WI 7.87500000</title>
        <cusip>85207UAF2</cusip>
        <identifiers>
          <isin value="US85207UAF21"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52564.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>RADIATE HOLDCO / 4.5% 09/15/26</name>
        <lei>N/A</lei>
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        <cusip>75026JAC4</cusip>
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          <isin value="US75026JAC45"/>
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        <fairValLevel>2</fairValLevel>
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        <name>WMG ACQUISITION 3.75% 12/01/29</name>
        <lei>N/A</lei>
        <title>WMG ACQUISITION CORP REGD 144A P/P 3.75000000</title>
        <cusip>92933BAT1</cusip>
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          <isin value="US92933BAT17"/>
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        <name>XEROX HOLDINGS COR 5% 08/15/25</name>
        <lei>5493000Y33XDVO2CXC18</lei>
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        <cusip>98421MAA4</cusip>
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        <name>GO DADDY OPCO/FI 3.5% 03/01/29</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>VIASAT INC 5.625% 09/15/25</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VIASAT INC REGD 144A P/P 5.62500000</title>
        <cusip>92552VAK6</cusip>
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          <isin value="US92552VAK61"/>
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        <valUSD>9188.35000000</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>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>CSC HOLDINGS LLC 5.5% 04/15/27</name>
        <lei>N/A</lei>
        <title>CSC HOLDINGS LLC REGD 144A P/P 5.50000000</title>
        <cusip>126307AQ0</cusip>
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          <isin value="US126307AQ03"/>
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        <curCd>USD</curCd>
        <valUSD>19330.20000000</valUSD>
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        <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>DIRECTV FIN LL 5.875% 08/15/27</name>
        <lei>N/A</lei>
        <title>DIRECTV FIN LLC/COINC REGD 144A P/P 5.87500000</title>
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        <curCd>USD</curCd>
        <valUSD>47156.25000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIACOMCBS INC V/R 02/28/57</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>VIACOMCBS INC REGD V/R 6.25000000</title>
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        <identifiers>
          <isin value="US92553PBC59"/>
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        <curCd>USD</curCd>
        <valUSD>9670.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-02-28</maturityDt>
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      <invstOrSec>
        <name>SIRIUS XM RADI 3.125% 09/01/26</name>
        <lei>N/A</lei>
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        <cusip>82967NBL1</cusip>
        <identifiers>
          <isin value="US82967NBL10"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18447.70000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VODAFONE GROUP PL V/R 06/04/81</name>
        <lei>213800TB53ELEUKM7Q61</lei>
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        <cusip>92857WBX7</cusip>
        <identifiers>
          <isin value="US92857WBX74"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8373.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>TOWNSQUARE MED 6.875% 02/01/26</name>
        <lei>549300XBA8C68H0DR538</lei>
        <title>TOWNSQUARE MEDIA INC REGD 144A P/P 6.87500000</title>
        <cusip>892231AB7</cusip>
        <identifiers>
          <isin value="US892231AB73"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9968.75000000</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>
        <name>T-MOBILE USA I 2.625% 02/15/29</name>
        <lei>N/A</lei>
        <title>T-MOBILE USA INC REGD 2.62500000</title>
        <cusip>87264ABS3</cusip>
        <identifiers>
          <isin value="US87264ABS33"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12985.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      <invstOrSec>
        <name>VODAFONE GROUP PL V/R 04/04/79</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC REGD V/R 7.00000000</title>
        <cusip>92857WBQ2</cusip>
        <identifiers>
          <isin value="US92857WBQ24"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26434.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2079-04-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEXSTAR MEDIA  5.625% 07/15/27</name>
        <lei>N/A</lei>
        <title>NEXSTAR MEDIA INC REGD 144A P/P 5.62500000</title>
        <cusip>65343HAA9</cusip>
        <identifiers>
          <isin value="US65343HAA95"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34097.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>NORTHWEST FIBER LL 6% 02/15/28</name>
        <lei>N/A</lei>
        <title>NORTHWEST FIBER LLC/NORT REGD 144A P/P 6.00000000</title>
        <cusip>667449AC6</cusip>
        <identifiers>
          <isin value="US667449AC68"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8380.35000000</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>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>CONNECT FINCO S 6.75% 10/01/26</name>
        <lei>N/A</lei>
        <title>CONNECT FINCO SARL/CONNE REGD 144A P/P 6.75000000</title>
        <cusip>20752TAA2</cusip>
        <identifiers>
          <isin value="US20752TAA25"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29209.95000000</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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          <maturityDt>2026-10-01</maturityDt>
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      <invstOrSec>
        <name>CCO HLDGS LLC/ 5.375% 06/01/29</name>
        <lei>N/A</lei>
        <title>CCO HLDGS LLC/CAP CORP REGD 144A P/P 5.37500000</title>
        <cusip>1248EPCB7</cusip>
        <identifiers>
          <isin value="US1248EPCB75"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23720.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>PLAYTIKA HOLDIN 4.25% 03/15/29</name>
        <lei>N/A</lei>
        <title>PLAYTIKA HOLDING CORP REGD 144A P/P 4.25000000</title>
        <cusip>72815LAA5</cusip>
        <identifiers>
          <isin value="US72815LAA52"/>
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        <balance>10000.00000000</balance>
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        <valUSD>9023.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>CSC HOLDINGS L 4.625% 12/01/30</name>
        <lei>N/A</lei>
        <title>CSC HOLDINGS LLC REGD 144A P/P 4.62500000</title>
        <cusip>126307BD8</cusip>
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          <isin value="US126307BD80"/>
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        <balance>35000.00000000</balance>
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        <valUSD>26836.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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        <name>UPC BROADBAND  4.875% 07/15/31</name>
        <lei>213800MNFBDEQRS6HZ22</lei>
        <title>UPC BROADBAND FINCO BV REGD 144A P/P 4.87500000</title>
        <cusip>90320BAA7</cusip>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>ANGI GROUP LLC 3.875% 08/15/28</name>
        <lei>N/A</lei>
        <title>ANGI GROUP LLC REGD 144A P/P 3.87500000</title>
        <cusip>001846AA2</cusip>
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          <isin value="US001846AA20"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>LUMEN TECHNOLOGIES 4% 02/15/27</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
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        <cusip>156700BC9</cusip>
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          <isin value="US156700BC99"/>
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        <valUSD>17817.90000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CONSOLIDATED COM 6.5% 10/01/28</name>
        <lei>N/A</lei>
        <title>CONSOLIDATED COMMUNICATI REGD 144A P/P 6.50000000</title>
        <cusip>20903XAF0</cusip>
        <identifiers>
          <isin value="US20903XAF06"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13107.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SINCLAIR TELEV 5.125% 02/15/27</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>SPRINT CORP 7.625% 02/15/25</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>CROWDSTRIKE HOLDIN 3% 02/15/29</name>
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          <isin value="US22788CAA36"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SIRIUS XM RADIO IN 5% 08/01/27</name>
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          <isin value="US82967NBA54"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KONINKLIJKE KPN N V/R 03/28/73</name>
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          <isin value="US50048VAA89"/>
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        <curCd>USD</curCd>
        <valUSD>5062.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>TERRIER MEDIA  8.875% 12/15/27</name>
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        <cusip>88146LAA1</cusip>
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          <isin value="US88146LAA17"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SEAGATE HDD CA 4.091% 06/01/29</name>
        <lei>N/A</lei>
        <title>SEAGATE HDD CAYMAN REGD 4.09100000</title>
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          <isin value="US81180WBC47"/>
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        <curCd>USD</curCd>
        <valUSD>13333.65000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIDEOTRON LTD 3.625% 06/15/29</name>
        <lei>N/A</lei>
        <title>VIDEOTRON LTD REGD 144A P/P 3.62500000</title>
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        <curCd>USD</curCd>
        <valUSD>8712.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEWS CORP 5.125% 02/15/32</name>
        <lei>549300ITS31QK8VRBQ14</lei>
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        <cusip>65249BAB5</cusip>
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        <valUSD>9565.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AHEAD DB HOLDI 6.625% 05/01/28</name>
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        <name>TEGNA INC 5% 09/15/29</name>
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        <name>GRAY TELEVISION 4.75% 10/15/30</name>
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        <cusip>389375AL0</cusip>
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        <name>TELECOM ITALIA CAP 6% 09/30/34</name>
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        <invCountry>LU</invCountry>

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        <name>VZ SECURED FINANCI 5% 01/15/32</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US69370CAB63"/>
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        <name>LEVEL 3 FINANCI 4.25% 07/01/28</name>
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        <name>FRONTIER COMMU 5.875% 10/15/27</name>
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        <name>TELESAT CANADA/T 6.5% 10/15/27</name>
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        <invCountry>CA</invCountry>
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        <name>LEVEL 3 FINANC 5.375% 05/01/25</name>
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        <name>CCO HLDGS LLC/CA 4.5% 08/15/30</name>
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        <name>HTA GROUP LTD 7% 12/18/25</name>
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          <isin value="US40435WAB63"/>
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        <name>LUMEN TECHNOLO 5.125% 12/15/26</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
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        <name>BOOZ ALLEN HAM 3.875% 09/01/28</name>
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        <name>ENDURANCE INTERNAT 6% 02/15/29</name>
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      <invstOrSec>
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      <invstOrSec>
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        <name>ZIGGO BOND CO BV 6% 01/15/27</name>
        <lei>N/A</lei>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>IMOLA MERGER CO 4.75% 05/15/29</name>
        <lei>N/A</lei>
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        <cusip>45258LAA5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>RR DONNELLEY &amp; 6.125% 11/01/26</name>
        <lei>SU4X0P4WWRGOQDTSV032</lei>
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        <name>IHEARTCOMMUNICA 5.25% 08/15/27</name>
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        <name>ENTEGRIS INC 3.625% 05/01/29</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
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        <cusip>29362UAD6</cusip>
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        <lei>5493008OJYGLHD7MXA18</lei>
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        <name>TELECOM ITALIA 7.721% 06/04/38</name>
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        <name>ROCKET SOFTWARE  6.5% 02/15/29</name>
        <lei>N/A</lei>
        <title>ROCKET SOFTWARE INC REGD 144A P/P 6.50000000</title>
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        <name>SINCLAIR TELEV 4.125% 12/01/30</name>
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        <name>GRAY ESCROW II 5.375% 11/15/31</name>
        <lei>N/A</lei>
        <title>GRAY ESCROW II INC REGD 144A P/P 5.37500000</title>
        <cusip>389286AA3</cusip>
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          <isin value="US389286AA34"/>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AVAYA INC 6.125% 09/15/28</name>
        <lei>N/A</lei>
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        <cusip>053499AL3</cusip>
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          <isin value="US053499AL36"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>XEROX CORPORATIO 4.8% 03/01/35</name>
        <lei>N/A</lei>
        <title>XEROX CORPORATION REGD 4.80000000</title>
        <cusip>984121CL5</cusip>
        <identifiers>
          <isin value="US984121CL51"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7938.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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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>ON SEMICONDUCT 3.875% 09/01/28</name>
        <lei>ZV20P4CNJVT8V1ZGJ064</lei>
        <title>ON SEMICONDUCTOR CORP REGD 144A P/P 3.87500000</title>
        <cusip>682189AQ8</cusip>
        <identifiers>
          <isin value="US682189AQ81"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9291.65000000</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>US CELLULAR CORP 6.7% 12/15/33</name>
        <lei>N/A</lei>
        <title>US CELLULAR CORP REGD 6.70000000</title>
        <cusip>911684AD0</cusip>
        <identifiers>
          <isin value="US911684AD06"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10349.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
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      <invstOrSec>
        <name>AMC NETWORKS IN 4.25% 02/15/29</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMC NETWORKS INC REGD 4.25000000</title>
        <cusip>00164VAF0</cusip>
        <identifiers>
          <isin value="US00164VAF04"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13080.23000000</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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SPRINT CORP 7.125% 06/15/24</name>
        <lei>N/A</lei>
        <title>SPRINT CORP REGD SER WI 7.12500000</title>
        <cusip>85207UAH8</cusip>
        <identifiers>
          <isin value="US85207UAH86"/>
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        <balance>35000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36882.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BOXER PARENT C 7.125% 10/02/25</name>
        <lei>N/A</lei>
        <title>BOXER PARENT CO INC REGD 144A P/P 7.12500000</title>
        <cusip>103186AB8</cusip>
        <identifiers>
          <isin value="US103186AB88"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15319.28000000</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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          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>DIAMOND SPORTS 5.375% 08/15/26</name>
        <lei>N/A</lei>
        <title>DIAMOND SPORTS GR/DIAMON REGD P/P SER AI 5.37500000</title>
        <cusip>25277LAG1</cusip>
        <identifiers>
          <isin value="US25277LAG14"/>
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        <balance>39000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14478.36000000</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>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>SEAGATE HDD CA 4.125% 01/15/31</name>
        <lei>N/A</lei>
        <title>SEAGATE HDD CAYMAN REGD 4.12500000</title>
        <cusip>81180WBD2</cusip>
        <identifiers>
          <isin value="US81180WBD20"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8790.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>UNIVISION COMM 5.125% 02/15/25</name>
        <lei>N/A</lei>
        <title>UNIVISION COMMUNICATIONS REGD P/P 5.12500000</title>
        <cusip>914906AS1</cusip>
        <identifiers>
          <isin value="US914906AS13"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24595.00000000</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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      <invstOrSec>
        <name>SIRIUS XM RADI 3.875% 09/01/31</name>
        <lei>N/A</lei>
        <title>SIRIUS XM RADIO INC REGD 144A P/P 3.87500000</title>
        <cusip>82967NBM9</cusip>
        <identifiers>
          <isin value="US82967NBM92"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16920.10000000</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>NORTONLIFELOCK INC 5% 04/15/25</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
        <title>NORTONLIFELOCK INC REGD 144A P/P 5.00000000</title>
        <cusip>871503AU2</cusip>
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          <isin value="US871503AU26"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>T-MOBILE USA I 3.375% 04/15/29</name>
        <lei>N/A</lei>
        <title>T-MOBILE USA INC REGD 3.37500000</title>
        <cusip>87264ABV6</cusip>
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          <isin value="US87264ABV61"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22645.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MATCH GROUP HL 4.625% 06/01/28</name>
        <lei>N/A</lei>
        <title>MATCH GROUP HLD II LLC REGD 144A P/P 4.62500000</title>
        <cusip>57665RAN6</cusip>
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          <isin value="US57665RAN61"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18672.20000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.62500000</annualizedRt>
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        <name>LEVEL 3 FINANCI 3.75% 07/15/29</name>
        <lei>N/A</lei>
        <title>LEVEL 3 FINANCING INC REGD 144A P/P 3.75000000</title>
        <cusip>527298BT9</cusip>
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          <isin value="US527298BT90"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20354.75000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>TWITTER INC 5% 03/01/30</name>
        <lei>549300I8RX485XMK6836</lei>
        <title>TWITTER INC REGD 144A P/P 5.00000000</title>
        <cusip>90184LAP7</cusip>
        <identifiers>
          <isin value="US90184LAP76"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15341.18000000</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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CLEAR CHANNEL O 7.75% 04/15/28</name>
        <lei>N/A</lei>
        <title>CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 7.75000000</title>
        <cusip>18453HAC0</cusip>
        <identifiers>
          <isin value="US18453HAC07"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28313.70000000</valUSD>
        <pctVal>0.752086070838</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>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PARAMOUNT GLOBAL V/R 03/30/62</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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          <isin value="US852060AT99"/>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>TTM TECHNOLOGIES I 4% 03/01/29</name>
        <lei>549300SC4BDOIS008048</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>LUMEN TECHNOLOGI 7.5% 04/01/24</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
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          <isin value="US156700BA34"/>
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        <valUSD>30885.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPRINT CORP 7.625% 03/01/26</name>
        <lei>N/A</lei>
        <title>SPRINT CORP REGD 7.62500000</title>
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          <isin value="US85207UAK16"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21743.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>XEROX HOLDINGS C 5.5% 08/15/28</name>
        <lei>5493000Y33XDVO2CXC18</lei>
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        <cusip>98421MAB2</cusip>
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          <isin value="US98421MAB28"/>
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        <curCd>USD</curCd>
        <valUSD>9018.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPANISH BROADCA 9.75% 03/01/26</name>
        <lei>5493005DKYB1X4C9LH64</lei>
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        <cusip>846425AQ9</cusip>
        <identifiers>
          <isin value="US846425AQ94"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OPEN TEXT HOLD 4.125% 02/15/30</name>
        <lei>N/A</lei>
        <title>OPEN TEXT HOLDINGS INC REGD 144A P/P 4.12500000</title>
        <cusip>683720AA4</cusip>
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          <isin value="US683720AA42"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17778.20000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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      <invstOrSec>
        <name>BRITISH TELECOMMU V/R 11/23/81</name>
        <lei>N/A</lei>
        <title>BRITISH TELECOMMUNICATIO REGD V/R 144A P/P 4.87500000</title>
        <cusip>11102AAG6</cusip>
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          <isin value="US11102AAG67"/>
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        <balance>10000.00000000</balance>
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        <valUSD>9190.10000000</valUSD>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>CDK GLOBAL INC 4.875% 06/01/27</name>
        <lei>5493000L10CYRTHIJ385</lei>
        <title>CDK GLOBAL INC REGD SER WI 4.87500000</title>
        <cusip>12508EAF8</cusip>
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          <isin value="US12508EAF88"/>
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        <valUSD>10061.80000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>ALTICE FRANCE SA 5.5% 01/15/28</name>
        <lei>N/A</lei>
        <title>ALTICE FRANCE SA REGD 144A P/P 5.50000000</title>
        <cusip>02156LAC5</cusip>
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          <isin value="US02156LAC54"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ALTICE FRANCE  8.125% 02/01/27</name>
        <lei>N/A</lei>
        <title>ALTICE FRANCE SA REGD 144A P/P 8.12500000</title>
        <cusip>02156LAA9</cusip>
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          <isin value="US02156LAA98"/>
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        <fairValLevel>2</fairValLevel>
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        <name>DISH DBS CORP 5.75% 12/01/28</name>
        <lei>N/A</lei>
        <title>DISH DBS CORP REGD 144A P/P 5.75000000</title>
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          <isin value="US25470XBF15"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CCO HLDGS LLC/CA 4.5% 05/01/32</name>
        <lei>N/A</lei>
        <title>CCO HLDGS LLC/CAP CORP REGD SER WI 4.50000000</title>
        <cusip>1248EPCN1</cusip>
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          <isin value="US1248EPCN14"/>
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        <valUSD>25293.75000000</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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        <name>URBAN ONE INC 7.375% 02/01/28</name>
        <lei>549300PLGIGPBRQUP240</lei>
        <title>URBAN ONE INC REGD 144A P/P 7.37500000</title>
        <cusip>91705JAC9</cusip>
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          <isin value="US91705JAC99"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9699.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CCO HLDGS LLC/ 5.125% 05/01/27</name>
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        <name>CCO HLDGS LLC/CA 4.5% 06/01/33</name>
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        <name>RACKSPACE TECH 5.375% 12/01/28</name>
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        <name>EMBARQ CORP 7.995% 06/01/36</name>
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        <name>CABLEVISION LI 3.875% 09/15/27</name>
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        <name>COMMSCOPE INC 8.25% 03/01/27</name>
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      <invstOrSec>
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        <name>CSC HOLDINGS LLC 4.5% 11/15/31</name>
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        <name>DISH DBS CORP 5.875% 11/15/24</name>
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        <name>T-MOBILE USA IN 2.25% 02/15/26</name>
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        <name>SENSATA TECHNOLOGI 5% 10/01/25</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIVISION COMMUN 4.5% 05/01/29</name>
        <lei>N/A</lei>
        <title>UNIVISION COMMUNICATIONS REGD 144A P/P 4.50000000</title>
        <cusip>914906AV4</cusip>
        <identifiers>
          <isin value="US914906AV42"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13481.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SIRIUS XM RADIO  5.5% 07/01/29</name>
        <lei>N/A</lei>
        <title>SIRIUS XM RADIO INC REGD 144A P/P 5.50000000</title>
        <cusip>82967NBC1</cusip>
        <identifiers>
          <isin value="US82967NBC11"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14440.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>T-MOBILE USA I 2.875% 02/15/31</name>
        <lei>N/A</lei>
        <title>T-MOBILE USA INC REGD 2.87500000</title>
        <cusip>87264ABT1</cusip>
        <identifiers>
          <isin value="US87264ABT16"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12755.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLEAR CHANNEL  5.125% 08/15/27</name>
        <lei>N/A</lei>
        <title>CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 5.12500000</title>
        <cusip>18453HAA4</cusip>
        <identifiers>
          <isin value="US18453HAA41"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18820.50000000</valUSD>
        <pctVal>0.499921800973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LUMEN TECHNOLOGI 7.6% 09/15/39</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>LUMEN TECHNOLOGIES INC REGD SER P 7.60000000</title>
        <cusip>156700AM8</cusip>
        <identifiers>
          <isin value="US156700AM80"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13120.31000000</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>2039-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VODAFONE GROUP PL V/R 06/04/81</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC REGD V/R SER NC10 4.12500000</title>
        <cusip>92857WBW9</cusip>
        <identifiers>
          <isin value="US92857WBW91"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12984.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2081-06-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IHEARTCOMMUNIC 8.375% 05/01/27</name>
        <lei>N/A</lei>
        <title>IHEARTCOMMUNICATIONS INC REGD 8.37500000</title>
        <cusip>45174HBD8</cusip>
        <identifiers>
          <isin value="US45174HBD89"/>
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        <balance>30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29752.20000000</valUSD>
        <pctVal>0.790296400569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VIASAT INC 5.625% 04/15/27</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VIASAT INC REGD 144A P/P 5.62500000</title>
        <cusip>92552VAL4</cusip>
        <identifiers>
          <isin value="US92552VAL45"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9293.10000000</valUSD>
        <pctVal>0.246849089483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUGHES SATELLI 6.625% 08/01/26</name>
        <lei>N/A</lei>
        <title>HUGHES SATELLITE SYSTEMS REGD SER WI 6.62500000</title>
        <cusip>444454AF9</cusip>
        <identifiers>
          <isin value="US444454AF95"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19936.80000000</valUSD>
        <pctVal>0.529573654347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ILIAD HOLDING SA 6.5% 10/15/26</name>
        <lei>9695009PXA7OI9NXN582</lei>
        <title>ILIAD HOLDING SAS REGD 144A P/P 6.50000000</title>
        <cusip>449691AA2</cusip>
        <identifiers>
          <isin value="US449691AA27"/>
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        <balance>30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28870.20000000</valUSD>
        <pctVal>0.766868169201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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>CSC HOLDINGS L 3.375% 02/15/31</name>
        <lei>N/A</lei>
        <title>CSC HOLDINGS LLC REGD 144A P/P 3.37500000</title>
        <cusip>126307BF3</cusip>
        <identifiers>
          <isin value="US126307BF39"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11744.85000000</valUSD>
        <pctVal>0.311973994535</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NEWS CORP 3.875% 05/15/29</name>
        <lei>549300ITS31QK8VRBQ14</lei>
        <title>NEWS CORP REGD 144A P/P 3.87500000</title>
        <cusip>65249BAA7</cusip>
        <identifiers>
          <isin value="US65249BAA70"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13582.54000000</valUSD>
        <pctVal>0.360787856783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>SIRIUS XM RADI 4.125% 07/01/30</name>
        <lei>N/A</lei>
        <title>SIRIUS XM RADIO INC REGD 144A P/P 4.12500000</title>
        <cusip>82967NBG2</cusip>
        <identifiers>
          <isin value="US82967NBG25"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17587.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>TRIPADVISOR INC 7% 07/15/25</name>
        <lei>549300XVG45PT5BART17</lei>
        <title>TRIPADVISOR INC REGD 144A P/P 7.00000000</title>
        <cusip>896945AA0</cusip>
        <identifiers>
          <isin value="US896945AA07"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10263.40000000</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>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DISH DBS CORP 5.125% 06/01/29</name>
        <lei>N/A</lei>
        <title>DISH DBS CORP REGD 5.12500000</title>
        <cusip>25470XBD6</cusip>
        <identifiers>
          <isin value="US25470XBD66"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15645.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRILOGY INT S  8.875% 05/15/23</name>
        <lei>N/A</lei>
        <title>TRILOGY INT S PAC/TISP REGD 144A P/P 8.87500000</title>
        <cusip>89623TAA4</cusip>
        <identifiers>
          <isin value="US89623TAA43"/>
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        <balance>5000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4993.13000000</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>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</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>CONDOR MERGER  7.375% 02/15/30</name>
        <lei>254900SAGUYT3MBUU161</lei>
        <title>CONDOR MERGER SUB INC REGD 144A P/P 7.37500000</title>
        <cusip>579063AB4</cusip>
        <identifiers>
          <isin value="US579063AB46"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22396.38000000</valUSD>
        <pctVal>0.594906544718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="ISO country code not reported for forwards, swaps or supranationals." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-05-31</ncom:dateSigned>
      <ncom:nameOfApplicant>BondBloxx ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Tony Kelly</ncom:signature>
      <ncom:signerName>Tony Kelly</ncom:signerName>
      <ncom:title>Treasuer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
