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        <fairValLevel>2</fairValLevel>
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        <name>DELUXE CORP 8% 06/01/29</name>
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        <name>ARCHES BUYER I 6.125% 12/01/28</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MATCH GROUP HL 5.625% 02/15/29</name>
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      <invstOrSec>
        <name>ILIAD HOLDING SA 8.5% 04/15/31</name>
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      <invstOrSec>
        <name>MCGRAW-HILL EDUCAT 8% 08/01/29</name>
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      <invstOrSec>
        <name>SINCLAIR TELEV 8.125% 02/15/33</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GRAY MEDIA INC 7% 05/15/27</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GRAY MEDIA INC REGD 144A P/P 7.00000000</title>
        <cusip>389284AA8</cusip>
        <identifiers>
          <isin value="US389284AA85"/>
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        <balance>160000.00000000</balance>
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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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        <name>TELECOM ITALIA 6.375% 11/15/33</name>
        <lei>N/A</lei>
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          <isin value="US87927VAF58"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BEASLEY BROADCAST GRP INC -A</name>
        <lei>549300R5FEOSY86VTY76</lei>
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          <isin value="US0740142007"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PARAMOUNT GLOBAL V/R 02/28/57</name>
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        <identifiers>
          <isin value="US92553PBC59"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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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>308000.00000000</balance>
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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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        <name>VODAFONE GROUP PL V/R 06/04/81</name>
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        <name>LABL INC 10.5% 07/15/27</name>
        <lei>N/A</lei>
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          <isin value="US50168AAA88"/>
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        <name>HTA GROUP LTD 7.5% 06/04/29</name>
        <lei>N/A</lei>
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          <isin value="US40435WAC47"/>
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        <invCountry>MU</invCountry>

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        <name>VODAFONE GROUP PL V/R 04/04/79</name>
        <lei>213800TB53ELEUKM7Q61</lei>
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        <name>NEXSTAR MEDIA  5.625% 07/15/27</name>
        <lei>N/A</lei>
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        <name>LIONS GATE CAPIT 5.5% 04/15/29</name>
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          <isin value="US535939AA09"/>
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        <name>LAMAR MEDIA CO 4.875% 01/15/29</name>
        <lei>N/A</lei>
        <title>LAMAR MEDIA CORP REGD 4.87500000</title>
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          <isin value="US513075BW03"/>
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        <balance>120000.00000000</balance>
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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>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SIRIUS XM RADIO LL 5% 08/01/27</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>CNTRL PARENT/CD 7.25% 06/15/29</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>CLOUD SOFTWARE  8.25% 06/30/32</name>
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        <cusip>18912UAC6</cusip>
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          <isin value="US18912UAC62"/>
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        <name>SEAGATE HDD CA 4.091% 06/01/29</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LAMAR MEDIA CORP 4% 02/15/30</name>
        <lei>N/A</lei>
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        <cusip>513075BT7</cusip>
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          <isin value="US513075BT73"/>
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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>AHEAD DB HOLDI 6.625% 05/01/28</name>
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        <cusip>00867FAA6</cusip>
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          <isin value="US00867FAA66"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAPSTONE BORROWER  8% 06/15/30</name>
        <lei>254900YSP2BAI3YKIX08</lei>
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        <cusip>140944AA7</cusip>
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        <name>TEGNA INC 5% 09/15/29</name>
        <lei>549300YC5EDBGX85AO10</lei>
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        <name>MILLICOM INTL  5.125% 01/15/28</name>
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        <invCountry>LU</invCountry>

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        <name>GRAY MEDIA INC 4.75% 10/15/30</name>
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        <name>UNIVISION COMM 7.375% 06/30/30</name>
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        <name>SINCLAIR TELEVI 9.75% 02/15/33</name>
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        <name>NCR ATLEOS LLC 9.5% 04/01/29</name>
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        <name>NCR VOYIX CORP 5% 10/01/28</name>
        <lei>549300YKTY8JX1DV2R67</lei>
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      <invstOrSec>
        <name>LUMEN TECHNOLO 4.125% 04/15/29</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
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      <invstOrSec>
        <name>LEVEL 3 FINANCI 10.5% 04/15/29</name>
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      <invstOrSec>
        <name>FIBERCOP SPA 7.2% 07/18/36</name>
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          <isin value="US683879AF79"/>
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        <name>ENTEGRIS INC 3.625% 05/01/29</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
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      <invstOrSec>
        <name>CLOUD SOFTWARE GRP 9% 09/30/29</name>
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          <isin value="US48123VAF94"/>
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        <name>TELECOM ITALIA 7.721% 06/04/38</name>
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          <isin value="US87927VAV09"/>
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        <invCountry>LU</invCountry>

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        <name>ROCKET SOFTWARE  6.5% 02/15/29</name>
        <lei>N/A</lei>
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        <cusip>77314EAA6</cusip>
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          <isin value="US77314EAA64"/>
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        <name>DISH NETWORK C 11.75% 11/15/27</name>
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        <valUSD>1125494.17000000</valUSD>
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        <name>GRAY MEDIA INC 5.375% 11/15/31</name>
        <lei>529900TM5726KDN7UU35</lei>
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        <cusip>389286AA3</cusip>
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        <name>XEROX CORPORATIO 4.8% 03/01/35</name>
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        <name>UNIVISION COMMUNIC 8% 08/15/28</name>
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        <name>GETTY IMAGES IN 9.75% 03/01/27</name>
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        <name>OPEN TEXT INC 4.125% 12/01/31</name>
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          <isin value="US683720AC08"/>
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        <lei>ZV20P4CNJVT8V1ZGJ064</lei>
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        <cusip>682189AQ8</cusip>
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        <name>DIRECTV FINANC 8.875% 02/01/30</name>
        <lei>N/A</lei>
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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>
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          <isin value="US911684AD06"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMC NETWORKS IN 4.25% 02/15/29</name>
        <lei>549300VGG9K75226LR46</lei>
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          <isin value="US00164VAF04"/>
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        <valUSD>215341.24000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RACKSPACE FINANC 3.5% 05/15/28</name>
        <lei>N/A</lei>
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          <isin value="US75008WAA18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MILLICOM INTL  7.375% 04/02/32</name>
        <lei>549300CTHC1CP86P2G96</lei>
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        <identifiers>
          <isin value="US600814AS68"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CSC HOLDINGS L 5.375% 02/01/28</name>
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        <cusip>126307AS6</cusip>
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          <isin value="US126307AS68"/>
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        <curCd>USD</curCd>
        <valUSD>257178.53000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ZIGGO BOND CO  5.125% 02/28/30</name>
        <lei>N/A</lei>
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        <cusip>98953GAD7</cusip>
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          <isin value="US98953GAD79"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEGNA INC 4.625% 03/15/28</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA INC REGD 4.62500000</title>
        <cusip>87901JAJ4</cusip>
        <identifiers>
          <isin value="US87901JAJ43"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>292563.23000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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>77000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70412.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIMPRESS PLC 7.375% 09/15/32</name>
        <lei>549300X1IFD75XISOR81</lei>
        <title>CIMPRESS PLC REGD 144A P/P 7.37500000</title>
        <cusip>17186HAH5</cusip>
        <identifiers>
          <isin value="US17186HAH57"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>146188.06000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SIRIUS XM RADI 3.875% 09/01/31</name>
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          <isin value="US82967NBM92"/>
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        <balance>460000.00000000</balance>
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        <valUSD>395102.97000000</valUSD>
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        <name>VIRGIN MEDIA VEND  5% 07/15/28</name>
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          <isin value="US92770QAA58"/>
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      <invstOrSec>
        <name>MATCH GROUP HL 4.625% 06/01/28</name>
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        <name>LEVEL 3 FINANCI 3.75% 07/15/29</name>
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        <name>PTC INC 4% 02/15/28</name>
        <lei>54930050SSMU8SKDJ030</lei>
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        <cusip>69370CAC4</cusip>
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          <isin value="US69370CAC47"/>
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        <name>LIBERTY INTERACT 8.5% 07/15/29</name>
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        <title>LIBERTY INTERACTIVE LLC REGD 8.50000000</title>
        <cusip>530715AD3</cusip>
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        <name>CLOUD SOFTWARE G 6.5% 03/31/29</name>
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        <title>CLOUD SOFTWARE GRP INC REGD 144A P/P 6.50000000</title>
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          <isin value="US88632QAE35"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CLEAR CHANNEL O 7.75% 04/15/28</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 7.75000000</title>
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          <isin value="US18453HAC07"/>
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        <curCd>USD</curCd>
        <valUSD>252555.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>TTM TECHNOLOGIES I 4% 03/01/29</name>
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        <name>XEROX HOLDINGS C 5.5% 08/15/28</name>
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        <name>OPEN TEXT INC 4.125% 02/15/30</name>
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        <name>BRITISH TELECOMMU V/R 11/23/81</name>
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      <invstOrSec>
        <name>CCO HLDGS LLC/CA 4.5% 06/01/33</name>
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      <invstOrSec>
        <name>OT MIDCO INC 10% 02/15/30</name>
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        <name>LUMEN TECHNOLOGI 4.5% 01/15/29</name>
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        <name>ALTICE FINANCIN 5.75% 08/15/29</name>
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      <invstOrSec>
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          <isin value="US093645AJ88"/>
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        <cusip>50201DAA1</cusip>
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        <invCountry>IE</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>ILIAD HOLDING SAS 7% 10/15/28</name>
        <lei>9695009PXA7OI9NXN582</lei>
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        <name>COMMSCOPE LLC 8.25% 03/01/27</name>
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        <name>MILLICOM INTL CE 4.5% 04/27/31</name>
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        <name>AMKOR TECHNOLO 6.625% 09/15/27</name>
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        <name>AMS-OSRAM AG 12.25% 03/30/29</name>
        <lei>5299001JPPT2QFTV5D76</lei>
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        <name>BELL CANADA V/R 09/15/55</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CCO HLDGS LLC/C 4.25% 02/01/31</name>
        <lei>N/A</lei>
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          <isin value="US1248EPCK74"/>
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        <curCd>USD</curCd>
        <valUSD>818521.19000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CSC HOLDINGS LLC 4.5% 11/15/31</name>
        <lei>N/A</lei>
        <title>CSC HOLDINGS LLC REGD 144A P/P 4.50000000</title>
        <cusip>126307BH9</cusip>
        <identifiers>
          <isin value="US126307BH94"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>313262.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>ARCHES BUYER IN 4.25% 06/01/28</name>
        <lei>2549009ADY4208OH2Y47</lei>
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        <cusip>039524AA1</cusip>
        <identifiers>
          <isin value="US039524AA11"/>
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        <balance>290000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>272993.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LEVEL 3 FINANC 3.625% 01/15/29</name>
        <lei>N/A</lei>
        <title>LEVEL 3 FINANCING INC REGD 144A P/P 3.62500000</title>
        <cusip>527298BS1</cusip>
        <identifiers>
          <isin value="US527298BS18"/>
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        <balance>90000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69975.00000000</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>BRITISH TELECOMMU V/R 11/23/81</name>
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        <title>BRITISH TELECOMMUNICATIO REGD V/R 144A P/P 4.25000000</title>
        <cusip>11102AAF8</cusip>
        <identifiers>
          <isin value="US11102AAF84"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150550.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2081-11-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>LEVEL 3 FINANCIN 4.5% 04/01/30</name>
        <lei>N/A</lei>
        <title>LEVEL 3 FINANCING INC REGD 144A P/P 4.50000000</title>
        <cusip>527298CD3</cusip>
        <identifiers>
          <isin value="US527298CD30"/>
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        <balance>220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>184300.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ZEGONA FINANCE 8.625% 07/15/29</name>
        <lei>N/A</lei>
        <title>ZEGONA FINANCE PLC REGD 144A P/P 8.62500000</title>
        <cusip>98927UAA5</cusip>
        <identifiers>
          <isin value="US98927UAA51"/>
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        <balance>275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>293242.13000000</valUSD>
        <pctVal>0.376898500134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</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>GEN DIGITAL IN 7.125% 09/30/30</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
        <title>GEN DIGITAL INC REGD 144A P/P 7.12500000</title>
        <cusip>668771AL2</cusip>
        <identifiers>
          <isin value="US668771AL22"/>
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        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>190681.72000000</valUSD>
        <pctVal>0.245079567083</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CONNECT FINCO SARL 9% 09/15/29</name>
        <lei>N/A</lei>
        <title>CONNECT FINCO SARL/CONNE REGD 144A P/P 9.00000000</title>
        <cusip>20752TAB0</cusip>
        <identifiers>
          <isin value="US20752TAB08"/>
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        <balance>590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>552663.92000000</valUSD>
        <pctVal>0.710328364230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>IHEARTCOMMUNIC 9.125% 05/01/29</name>
        <lei>N/A</lei>
        <title>IHEARTCOMMUNICATIONS INC REGD 144A P/P 9.12500000</title>
        <cusip>45174HBJ5</cusip>
        <identifiers>
          <isin value="US45174HBJ59"/>
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        <balance>218000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>169154.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</annualizedRt>
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      <invstOrSec>
        <name>CSC HOLDINGS LLC 6.5% 02/01/29</name>
        <lei>N/A</lei>
        <title>CSC HOLDINGS LLC REGD 144A P/P 6.50000000</title>
        <cusip>126307AZ0</cusip>
        <identifiers>
          <isin value="US126307AZ02"/>
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        <balance>535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>438017.48000000</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>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>ALTICE FINANCI 9.625% 07/15/27</name>
        <lei>N/A</lei>
        <title>ALTICE FINANCING SA REGD 144A P/P 9.62500000</title>
        <cusip>02154CAJ2</cusip>
        <identifiers>
          <isin value="US02154CAJ27"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99297.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROGERS COMMUNICAT V/R 03/15/82</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
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        <cusip>775109BS9</cusip>
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          <isin value="US775109BS95"/>
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        <valUSD>214629.68000000</valUSD>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2082-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>MIDCONTINENT COMMU 8% 08/15/32</name>
        <lei>549300ZI9GDQBS28C408</lei>
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        <cusip>59565XAD2</cusip>
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          <isin value="US59565XAD21"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NEXSTAR MEDIA I 4.75% 11/01/28</name>
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        <title>NEXSTAR MEDIA INC REGD 144A P/P 4.75000000</title>
        <cusip>65336YAN3</cusip>
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          <isin value="US65336YAN31"/>
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        <valUSD>278081.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>SCRIPPS ESCROW 3.875% 01/15/29</name>
        <lei>N/A</lei>
        <title>SCRIPPS ESCROW II INC REGD 144A P/P 3.87500000</title>
        <cusip>81105DAA3</cusip>
        <identifiers>
          <isin value="US81105DAA37"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>122096.22000000</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>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ATP TOW/ANDEAN 7.875% 02/03/30</name>
        <lei>N/A</lei>
        <title>ATP TOW/ANDEAN TELECOM REGD 144A P/P 7.87500000</title>
        <cusip>00193BAA0</cusip>
        <identifiers>
          <isin value="US00193BAA08"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144940.78000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIRTUSA CORP 7.125% 12/15/28</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ZI TECH LLC/ZI 3.875% 02/01/29</name>
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          <isin value="US98981BAA08"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISH DBS CORP 5.25% 12/01/26</name>
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          <isin value="US25470XBE40"/>
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        <curCd>USD</curCd>
        <valUSD>752289.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>SEAGATE HDD CA 4.875% 06/01/27</name>
        <lei>N/A</lei>
        <title>SEAGATE HDD CAYMAN REGD 4.87500000</title>
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          <isin value="US81180WAR25"/>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VODAFONE GROUP PL V/R 06/04/81</name>
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          <isin value="US92857WBV19"/>
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        <valUSD>142964.18000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SENSATA TECH I 4.375% 02/15/30</name>
        <lei>N/A</lei>
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        <cusip>81728UAA2</cusip>
        <identifiers>
          <isin value="US81728UAA25"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129247.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MILLENNIUM ESC 6.625% 08/01/26</name>
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        <identifiers>
          <isin value="US60041CAA62"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>173908.80000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO HLDGS LLC/C 4.75% 02/01/32</name>
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          <isin value="US1248EPCQ45"/>
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        <curCd>USD</curCd>
        <valUSD>335166.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>VIASAT INC 6.5% 07/15/28</name>
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        <valUSD>109163.33000000</valUSD>
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        <name>CABLE ONE INC 4% 11/15/30</name>
        <lei>549300648QS85T0XSH18</lei>
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          <isin value="US12685JAC99"/>
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        <name>FRONTIER COMMUNICA 6% 01/15/30</name>
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        <name>SINCLAIR TELEV 4.375% 12/31/32</name>
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          <isin value="US829259BF69"/>
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        <name>ELLUCIAN HOLDING 6.5% 12/01/29</name>
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        <name>NCR VOYIX CORP 5.125% 04/15/29</name>
        <lei>549300YKTY8JX1DV2R67</lei>
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        <name>ZAYO GROUP HOLDING 4% 03/01/27</name>
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        <name>COMMSCOPE LLC 4.75% 09/01/29</name>
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          <isin value="US203372AX50"/>
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      <invstOrSec>
        <name>SIRIUS XM RADIO  5.5% 07/01/29</name>
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        <lei>8M3THTGWLTYZVE6BBY25</lei>
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          <isin value="US18453HAA41"/>
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      <invstOrSec>
        <name>COGENT COMM GROUP  7% 06/15/27</name>
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      <invstOrSec>
        <name>LUMEN TECHNOLOGI 7.6% 09/15/39</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>VODAFONE GROUP PL V/R 06/04/81</name>
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          <isin value="US92857WBW91"/>
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        <curCd>USD</curCd>
        <valUSD>270604.74000000</valUSD>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FRONTIER COMMUN 6.75% 05/01/29</name>
        <lei>N/A</lei>
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        <cusip>35906ABG2</cusip>
        <identifiers>
          <isin value="US35906ABG22"/>
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        <fairValLevel>2</fairValLevel>
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        <name>LIBERTY INTERAC 8.25% 02/01/30</name>
        <lei>N/A</lei>
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          <isin value="US530715AJ01"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58253.65000000</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>ROCKET SOFTWARE IN 9% 11/28/28</name>
        <lei>N/A</lei>
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          <isin value="US77314EAB48"/>
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        <balance>245000.00000000</balance>
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        <valUSD>252700.84000000</valUSD>
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        <name>VIASAT INC 5.625% 04/15/27</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
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          <isin value="US92552VAL45"/>
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        <fairValLevel>2</fairValLevel>
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        <name>HUGHES SATELLI 6.625% 08/01/26</name>
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        <name>HELIOS SOFT/IO 4.625% 05/01/28</name>
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        <name>CSC HOLDINGS L 3.375% 02/15/31</name>
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        <name>SIRIUS XM RADI 4.125% 07/01/30</name>
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        <balance>618000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>534459.95000000</valUSD>
        <pctVal>0.686931149820</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>2025-05-30</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>
</edgarSubmission>
