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      <invstOrSec>
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        <name>MIDAS OPCO HOL 5.625% 08/15/29</name>
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        <name>FERRELLGAS LP/ 5.875% 04/01/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TALLGRASS NRG  7.375% 02/15/29</name>
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        <cusip>87470LAL5</cusip>
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        <name>VERMILION ENERG 7.25% 02/15/33</name>
        <lei>WT03B8BB1IX8WI9ZGV02</lei>
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        <cusip>923725AE5</cusip>
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        <name>SS&amp;C TECHNOLOGIE 5.5% 09/30/27</name>
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        <name>ENERGIZER HOLDIN 6.5% 12/31/27</name>
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        <name>AMERITEX HOLDC 10.25% 10/15/28</name>
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      <invstOrSec>
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        <name>MAGNERA CORP 7.25% 11/15/31</name>
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          <isin value="US55939AAA51"/>
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        <name>CALIFORNIA RESO 8.25% 06/15/29</name>
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        <name>FREEDOM MORTGA 9.125% 05/15/31</name>
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        <name>NEOGEN FOOD SA 8.625% 07/20/30</name>
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        <name>KEHE DIST/FIN / NE 9% 02/15/29</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLOBAL PART/GLP FI 7% 08/01/27</name>
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          <isin value="US37954FAG90"/>
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        <name>CD&amp;R SMOKEY / RA 9.5% 10/15/29</name>
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      <invstOrSec>
        <name>SIX FLAGS/CANA 5.375% 04/15/27</name>
        <lei>N/A</lei>
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        <name>RAKUTEN GROUP INC V/R /PERP/</name>
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        <invCountry>JP</invCountry>
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        <name>QVC INC 5.95% 03/15/43</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GEO GROUP INC/ 10.25% 04/15/31</name>
        <lei>54930024XOXET7NQVZ63</lei>
        <title>GEO GROUP INC/THE REGD SER WI 10.25000000</title>
        <cusip>36162JAH9</cusip>
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          <isin value="US36162JAH95"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ILIAD HOLDING SA 8.5% 04/15/31</name>
        <lei>9695009PXA7OI9NXN582</lei>
        <title>ILIAD HOLDING SAS REGD 144A P/P 8.50000000</title>
        <cusip>449691AF1</cusip>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CENTURY ALUMINUM 7.5% 04/01/28</name>
        <lei>549300U5ODNGEYWKSW73</lei>
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        <name>SINCLAIR TELEV 8.125% 02/15/33</name>
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        <name>NABORS INDUSTR 7.375% 05/15/27</name>
        <lei>N/A</lei>
        <title>NABORS INDUSTRIES INC REGD 144A P/P 7.37500000</title>
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        <name>ARIS WATER HOLD 7.25% 04/01/30</name>
        <lei>5493007AWQW8ZKCHVV46</lei>
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        <cusip>04041NAA0</cusip>
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        <name>ACADIA HEALTHCARE  5% 04/15/29</name>
        <lei>5493005CW985Y9D0NC11</lei>
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        <cusip>00404AAP4</cusip>
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        <name>CHEMOURS CO 5.75% 11/15/28</name>
        <lei>549300M1BOLNXL8DOV14</lei>
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          <isin value="US163851AF58"/>
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        <valUSD>45359.77000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <name>BLUE RACER MID  7.25% 07/15/32</name>
        <lei>N/A</lei>
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          <isin value="US095796AK46"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
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      <invstOrSec>
        <name>ATI INC 4.875% 10/01/29</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ATI INC REGD 4.87500000</title>
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        <name>LIFEPOINT HEALTH  11% 10/15/30</name>
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        <name>AG TTMT ESCROW 8.625% 09/30/27</name>
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        <name>NGL ENRGY OP/F 8.375% 02/15/32</name>
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        <name>WERNER FINCO LP 11.5% 06/15/28</name>
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        <name>UPBOUND GROUP  6.375% 02/15/29</name>
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        <name>ENQUEST PLC 11.625% 11/01/27</name>
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        <title>SERVICE PROPERTIES TRUST REGD 4.75000000</title>
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        <title>SERVICE PROPERTIES TRUST REGD 4.37500000</title>
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        <name>AMENTUM HOLDING 7.25% 08/01/32</name>
        <lei>2549009FJIBLW40CU216</lei>
        <title>AMENTUM HOLDINGS INC REGD 144A P/P 7.25000000</title>
        <cusip>02352BAA3</cusip>
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          <isin value="US02352BAA35"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61088.28000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FOCUS FINANCIAL 6.75% 09/15/31</name>
        <lei>N/A</lei>
        <title>FOCUS FINANCIAL PARTNERS REGD 144A P/P 6.75000000</title>
        <cusip>34417VAA5</cusip>
        <identifiers>
          <isin value="US34417VAA52"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60414.78000000</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>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WALGREENS BOOTS  4.8% 11/18/44</name>
        <lei>549300RPTUOIXG4LIH86</lei>
        <title>WALGREENS BOOTS ALLIANCE REGD 4.80000000</title>
        <cusip>931427AC2</cusip>
        <identifiers>
          <isin value="US931427AC23"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41587.20000000</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>2044-11-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TRANSOCEAN POS 6.875% 02/01/27</name>
        <lei>N/A</lei>
        <title>TRANSOCEAN POSEIDON LTD REGD 144A P/P 6.87500000</title>
        <cusip>89383JAA6</cusip>
        <identifiers>
          <isin value="US89383JAA60"/>
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        <balance>18375.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18256.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VISTAJET MALTA/V 9.5% 06/01/28</name>
        <lei>N/A</lei>
        <title>VISTAJET MALTA/VM HOLDS REGD 144A P/P 9.50000000</title>
        <cusip>92841HAA0</cusip>
        <identifiers>
          <isin value="US92841HAA05"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24448.02000000</valUSD>
        <pctVal>0.084115831356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ATI INC 7.25% 08/15/30</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ATI INC REGD 7.25000000</title>
        <cusip>01741RAN2</cusip>
        <identifiers>
          <isin value="US01741RAN26"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20820.58000000</valUSD>
        <pctVal>0.071635265187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENVIRI CORP 5.75% 07/31/27</name>
        <lei>KAO98FK89NPNNPQGUZ43</lei>
        <title>ENVIRI CORP REGD 144A P/P 5.75000000</title>
        <cusip>415864AM9</cusip>
        <identifiers>
          <isin value="US415864AM90"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28944.93000000</valUSD>
        <pctVal>0.099587895072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENCINO ACQUISIT 8.75% 05/01/31</name>
        <lei>N/A</lei>
        <title>ENCINO ACQUISITION PARTN REGD 144A P/P 8.75000000</title>
        <cusip>29254BAB3</cusip>
        <identifiers>
          <isin value="US29254BAB36"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35682.94000000</valUSD>
        <pctVal>0.122770685042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NGL ENRGY OP/F 8.125% 02/15/29</name>
        <lei>N/A</lei>
        <title>NGL ENRGY OP/FIN CORP REGD 144A P/P 8.12500000</title>
        <cusip>62922LAC2</cusip>
        <identifiers>
          <isin value="US62922LAC28"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51751.22000000</valUSD>
        <pctVal>0.178055191954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FRONTIER COMMU 5.875% 11/01/29</name>
        <lei>N/A</lei>
        <title>FRONTIER COMMUNICATIONS REGD 5.87500000</title>
        <cusip>35908MAA8</cusip>
        <identifiers>
          <isin value="US35908MAA80"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45067.77000000</valUSD>
        <pctVal>0.155060121061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NEW ENTERPRISE  5.25% 07/15/28</name>
        <lei>549300O5DQ5Y61B8VF38</lei>
        <title>NEW ENTERPRISE STONE &amp; L REGD 144A P/P 5.25000000</title>
        <cusip>644274AH5</cusip>
        <identifiers>
          <isin value="US644274AH54"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34008.88000000</valUSD>
        <pctVal>0.117010916004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GENESIS ENERGY 8.875% 04/15/30</name>
        <lei>N/A</lei>
        <title>GENESIS ENERGY LP/FIN REGD 8.87500000</title>
        <cusip>37185LAN2</cusip>
        <identifiers>
          <isin value="US37185LAN29"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35764.17000000</valUSD>
        <pctVal>0.123050164893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOODYEAR TIRE  4.875% 03/15/27</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GOODYEAR TIRE &amp; RUBBER REGD 4.87500000</title>
        <cusip>382550BG5</cusip>
        <identifiers>
          <isin value="US382550BG56"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39453.24000000</valUSD>
        <pctVal>0.135742775173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OWENS-BROCKWAY 6.625% 05/13/27</name>
        <lei>N/A</lei>
        <title>OWENS-BROCKWAY REGD 144A P/P 6.62500000</title>
        <cusip>69073TAT0</cusip>
        <identifiers>
          <isin value="US69073TAT07"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34953.82000000</valUSD>
        <pctVal>0.120262075553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHS/COMMUNITY H 4.75% 02/15/31</name>
        <lei>N/A</lei>
        <title>CHS/COMMUNITY HEALTH SYS REGD 144A P/P 4.75000000</title>
        <cusip>12543DBK5</cusip>
        <identifiers>
          <isin value="US12543DBK54"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53734.23000000</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRANSDIGM INC 4.625% 01/15/29</name>
        <lei>N/A</lei>
        <title>TRANSDIGM INC REGD SER WI 4.62500000</title>
        <cusip>893647BP1</cusip>
        <identifiers>
          <isin value="US893647BP15"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62595.12000000</valUSD>
        <pctVal>0.215364702648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TENET HEALTHCA 6.125% 10/01/28</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP REGD 6.12500000</title>
        <cusip>88033GDK3</cusip>
        <identifiers>
          <isin value="US88033GDK31"/>
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        <balance>165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>164725.00000000</valUSD>
        <pctVal>0.566752658094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
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        <lei>N/A</lei>
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        <cusip>63861CAG4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CCM MERGER INC 6.375% 05/01/26</name>
        <lei>549300P77RSBKKFME089</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHURCHILL DOWNS 5.75% 04/01/30</name>
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        <cusip>12511VAA6</cusip>
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          <isin value="US12511VAA61"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ALGOMA STEEL I 9.125% 04/15/29</name>
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        <cusip>01566MAD7</cusip>
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          <isin value="US01566MAD74"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GLOBAL AUTO HO 8.375% 01/15/29</name>
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        <cusip>00033GAA3</cusip>
        <identifiers>
          <isin value="US00033GAA31"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ANGI GROUP LLC 3.875% 08/15/28</name>
        <lei>N/A</lei>
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        <cusip>001846AA2</cusip>
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          <isin value="US001846AA20"/>
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        <balance>30000.00000000</balance>
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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>MAGNOLIA OIL G 6.875% 12/01/32</name>
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        <cusip>559665AB0</cusip>
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          <isin value="US559665AB08"/>
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        <valUSD>24232.79000000</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>TALOS PRODUCTION I 9% 02/01/29</name>
        <lei>N/A</lei>
        <title>TALOS PRODUCTION INC REGD 144A P/P 9.00000000</title>
        <cusip>87485LAD6</cusip>
        <identifiers>
          <isin value="US87485LAD64"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38389.78000000</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>ELDORADO GOLD C 6.25% 09/01/29</name>
        <lei>5493004PWQ01YDD1IH62</lei>
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        <cusip>284902AF0</cusip>
        <identifiers>
          <isin value="US284902AF02"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29601.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>BOYNE USA INC 4.75% 05/15/29</name>
        <lei>N/A</lei>
        <title>BOYNE USA INC REGD 144A P/P 4.75000000</title>
        <cusip>103557AC8</cusip>
        <identifiers>
          <isin value="US103557AC88"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42874.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HILTON GRAND VAC L 5% 06/01/29</name>
        <lei>N/A</lei>
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        <cusip>43284MAA6</cusip>
        <identifiers>
          <isin value="US43284MAA62"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CONSOLIDATED COM 6.5% 10/01/28</name>
        <lei>N/A</lei>
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        <cusip>20903XAF0</cusip>
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          <isin value="US20903XAF06"/>
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        <fairValLevel>2</fairValLevel>
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        <name>XHR LP 4.875% 06/01/29</name>
        <lei>N/A</lei>
        <title>XHR LP REGD 144A P/P 4.87500000</title>
        <cusip>98372MAC9</cusip>
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          <isin value="US98372MAC91"/>
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        <valUSD>28230.31000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>FRONTIER COMMU 8.625% 03/15/31</name>
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        <title>FRONTIER COMMUNICATIONS REGD 144A P/P 8.62500000</title>
        <cusip>35908MAE0</cusip>
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          <isin value="US35908MAE03"/>
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        <valUSD>47757.64000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>COEUR MINING I 5.125% 02/15/29</name>
        <lei>5493003AVK173D48DR70</lei>
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        <cusip>192108BC1</cusip>
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          <isin value="US192108BC19"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <name>HRT DNT / HRT D 10.5% 04/30/28</name>
        <lei>N/A</lei>
        <title>HRT DNT / HRT DNT FIN REGD 144A P/P 10.50000000</title>
        <cusip>42239PAB5</cusip>
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          <isin value="US42239PAB58"/>
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        <valUSD>47472.39000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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      <invstOrSec>
        <name>VICTORIA'S SEC 4.625% 07/15/29</name>
        <lei>5493006T3O70U3UWVF17</lei>
        <title>VICTORIA'S SECRET &amp; CO REGD 144A P/P 4.62500000</title>
        <cusip>926400AA0</cusip>
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          <isin value="US926400AA00"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30565.62000000</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>4.62500000</annualizedRt>
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        <name>SK INVICTUS INTERM 5% 10/30/29</name>
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        <name>CNTRL PARENT/CD 7.25% 06/15/29</name>
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        <name>EMBECTA CORP 5% 02/15/30</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LSB INDUSTRIES 6.25% 10/15/28</name>
        <lei>5493001H215A0HG0MI71</lei>
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        <cusip>502160AN4</cusip>
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          <isin value="US502160AN46"/>
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        <curCd>USD</curCd>
        <valUSD>28115.39000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WR GRACE HOLDI 4.875% 06/15/27</name>
        <lei>549300WNOVFRGYOAEB12</lei>
        <title>WR GRACE HOLDING LLC REGD 144A P/P 4.87500000</title>
        <cusip>92943GAD3</cusip>
        <identifiers>
          <isin value="US92943GAD34"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48467.25000000</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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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUDBAY MINERAL 6.125% 04/01/29</name>
        <lei>549300WI524AL577IX21</lei>
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        <cusip>443628AH5</cusip>
        <identifiers>
          <isin value="US443628AH54"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34882.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>WALGREENS BOOTS  3.2% 04/15/30</name>
        <lei>549300RPTUOIXG4LIH86</lei>
        <title>WALGREENS BOOTS ALLIANCE REGD 3.20000000</title>
        <cusip>931427AS7</cusip>
        <identifiers>
          <isin value="US931427AS74"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28255.57000000</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>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SABRE GLBL INC 8.625% 06/01/27</name>
        <lei>N/A</lei>
        <title>SABRE GLBL INC REGD 144A P/P 8.62500000</title>
        <cusip>78573NAJ1</cusip>
        <identifiers>
          <isin value="US78573NAJ19"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38326.40000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIVERS ENTERPR 6.625% 02/01/33</name>
        <lei>N/A</lei>
        <title>RIVERS ENTERPRISE REGD 144A P/P 6.62500000</title>
        <cusip>76883NAA9</cusip>
        <identifiers>
          <isin value="US76883NAA90"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34572.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ODEON FINCO PL 12.75% 11/01/27</name>
        <lei>9845003ECF9901CC5382</lei>
        <title>ODEON FINCO PLC REGD 144A P/P 12.75000000</title>
        <cusip>67585LAA3</cusip>
        <identifiers>
          <isin value="US67585LAA35"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25435.03000000</valUSD>
        <pctVal>0.087511736902</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NABORS INDUSTR 9.125% 01/31/30</name>
        <lei>N/A</lei>
        <title>NABORS INDUSTRIES INC REGD 144A P/P 9.12500000</title>
        <cusip>62957HAP0</cusip>
        <identifiers>
          <isin value="US62957HAP01"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36272.42000000</valUSD>
        <pctVal>0.124798849297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>JONES DESLAURIER 8.5% 03/15/30</name>
        <lei>549300JQIWNFU00E5424</lei>
        <title>JONES DESLAURIERS INSURA REGD 144A P/P 8.50000000</title>
        <cusip>48020RAB1</cusip>
        <identifiers>
          <isin value="US48020RAB15"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47509.16000000</valUSD>
        <pctVal>0.163459964873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ITT HOLDINGS LLC 6.5% 08/01/29</name>
        <lei>N/A</lei>
        <title>ITT HOLDINGS LLC REGD 144A P/P 6.50000000</title>
        <cusip>45074JAA2</cusip>
        <identifiers>
          <isin value="US45074JAA25"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68580.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MADISON IAQ LL 4.125% 06/30/28</name>
        <lei>549300IXDNBXNHUPBU73</lei>
        <title>MADISON IAQ LLC REGD 144A P/P 4.12500000</title>
        <cusip>55760LAA5</cusip>
        <identifiers>
          <isin value="US55760LAA52"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43005.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OLYMPUS WTR US  4.25% 10/01/28</name>
        <lei>549300YU2GGVCBN3MY89</lei>
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        <cusip>681639AA8</cusip>
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          <isin value="US681639AA87"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CAPSTONE BORROWER  8% 06/15/30</name>
        <lei>254900YSP2BAI3YKIX08</lei>
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        <cusip>140944AA7</cusip>
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          <isin value="US140944AA76"/>
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        <valUSD>30685.89000000</valUSD>
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      <invstOrSec>
        <name>BORR IHC LTD  10.375% 11/15/30</name>
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        <cusip>100018AB6</cusip>
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          <isin value="US100018AB62"/>
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        <valUSD>37065.33000000</valUSD>
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        <name>COUGAR JV SUBSIDIA 8% 05/15/32</name>
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        <name>GYP HOLDINGS I 4.625% 05/01/29</name>
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          <isin value="US36261NAA54"/>
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        <fairValLevel>2</fairValLevel>
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        <name>TRUENOORD CAPIT 8.75% 03/01/30</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATI INC 5.875% 12/01/27</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ATI INC REGD 5.87500000</title>
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          <isin value="US01741RAH57"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>GENESIS ENERGY  8.25% 01/15/29</name>
        <lei>N/A</lei>
        <title>GENESIS ENERGY LP/FIN REGD 8.25000000</title>
        <cusip>37185LAP7</cusip>
        <identifiers>
          <isin value="US37185LAP76"/>
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        <valUSD>30518.39000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FREEDOM MORTGA 7.625% 05/01/26</name>
        <lei>549300LYRWPSYPK6S325</lei>
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        <cusip>35640YAH0</cusip>
        <identifiers>
          <isin value="US35640YAH09"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14973.31000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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      <invstOrSec>
        <name>UNIVISION COMM 7.375% 06/30/30</name>
        <lei>N/A</lei>
        <title>UNIVISION COMMUNICATIONS REGD 144A P/P 7.37500000</title>
        <cusip>914906AX0</cusip>
        <identifiers>
          <isin value="US914906AX08"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50153.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TKC HOLDINGS I 6.875% 05/15/28</name>
        <lei>N/A</lei>
        <title>TKC HOLDINGS INC REGD 144A P/P 6.87500000</title>
        <cusip>87256YAC7</cusip>
        <identifiers>
          <isin value="US87256YAC75"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30035.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>ADAPTHEALTH LL 5.125% 03/01/30</name>
        <lei>N/A</lei>
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        <cusip>00653VAE1</cusip>
        <identifiers>
          <isin value="US00653VAE11"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26850.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOAT HOLDCO LLC 6.75% 02/01/32</name>
        <lei>N/A</lei>
        <title>GOAT HOLDCO LLC REGD 144A P/P 6.75000000</title>
        <cusip>38021MAA4</cusip>
        <identifiers>
          <isin value="US38021MAA45"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44032.95000000</valUSD>
        <pctVal>0.151499720481</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PANTHER ESCROW 7.125% 06/01/31</name>
        <lei>N/A</lei>
        <title>PANTHER ESCROW ISSUER REGD 144A P/P 7.12500000</title>
        <cusip>69867RAA5</cusip>
        <identifiers>
          <isin value="US69867RAA59"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>194814.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>CPI CG INC 10% 07/15/29</name>
        <lei>N/A</lei>
        <title>CPI CG INC REGD 144A P/P 10.00000000</title>
        <cusip>12598FAC3</cusip>
        <identifiers>
          <isin value="US12598FAC32"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21546.40000000</valUSD>
        <pctVal>0.074132520700</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>COMPASS GROUP D 5.25% 04/15/29</name>
        <lei>N/A</lei>
        <title>COMPASS GROUP DIVERSIFIE REGD 144A P/P 5.25000000</title>
        <cusip>20451RAB8</cusip>
        <identifiers>
          <isin value="US20451RAB87"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61402.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>ADIENT GLOBAL H 8.25% 04/15/31</name>
        <lei>N/A</lei>
        <title>ADIENT GLOBAL HOLDINGS REGD 144A P/P 8.25000000</title>
        <cusip>00687YAC9</cusip>
        <identifiers>
          <isin value="US00687YAC93"/>
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        <balance>35000.00000000</balance>
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        <valUSD>34681.69000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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        <name>PRIME HEALTHCA 9.375% 09/01/29</name>
        <lei>N/A</lei>
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        <cusip>74165HAC2</cusip>
        <identifiers>
          <isin value="US74165HAC25"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90656.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>9.37500000</annualizedRt>
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        <name>SERVICE PROPERT 3.95% 01/15/28</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SERVICE PROPERTIES TRUST REGD 3.95000000</title>
        <cusip>44106MAX0</cusip>
        <identifiers>
          <isin value="US44106MAX02"/>
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        <balance>25000.00000000</balance>
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        <valUSD>22073.05000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.95000000</annualizedRt>
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        <name>SITIO ROYAL OP 7.875% 11/01/28</name>
        <lei>N/A</lei>
        <title>SITIO ROYAL OP / SIT FIN REGD 144A P/P 7.87500000</title>
        <cusip>82983MAB6</cusip>
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          <isin value="US82983MAB63"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36003.59000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>NCR VOYIX CORP 5% 10/01/28</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>NCR VOYIX CORP REGD 144A P/P 5.00000000</title>
        <cusip>62886EAY4</cusip>
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          <isin value="US62886EAY41"/>
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        <valUSD>38813.30000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>GREAT CANADIAN  8.75% 11/15/29</name>
        <lei>549300FU60SSFLTE0M84</lei>
        <title>GREAT CANADIAN GAMING CO REGD 144A P/P 8.75000000</title>
        <cusip>389925AA6</cusip>
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          <isin value="US389925AA64"/>
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        <valUSD>34733.17000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>ARDAGH METAL PACKA 6% 06/15/27</name>
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        <title>ARDAGH METAL PACKAGING REGD 144A P/P 6.00000000</title>
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          <isin value="US03969YAC21"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39897.58000000</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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      <invstOrSec>
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        <invCountry>GB</invCountry>
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        <name>OWENS-BROCKWAY 7.25% 05/15/31</name>
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        <name>NORTHERN OIL &amp; 8.125% 03/01/28</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERIGAS PART/ 5.875% 08/20/26</name>
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          <isin value="US030981AJ33"/>
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        <curCd>USD</curCd>
        <valUSD>44497.12000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CVR ENERGY INC 5.75% 02/15/28</name>
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          <isin value="US12662PAD06"/>
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        <valUSD>22845.82000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CINEMARK USA INC 7% 08/01/32</name>
        <lei>N/A</lei>
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          <isin value="US172441BH95"/>
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        <curCd>USD</curCd>
        <valUSD>35823.52000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>XHR LP 6.625% 05/15/30</name>
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        <title>XHR LP REGD 144A P/P 6.62500000</title>
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        <identifiers>
          <isin value="US98372MAE57"/>
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        <curCd>USD</curCd>
        <valUSD>24656.99000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>JELD-WEN INC 4.875% 12/15/27</name>
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        <title>JELD-WEN INC REGD 144A P/P 4.87500000</title>
        <cusip>475795AD2</cusip>
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          <isin value="US475795AD24"/>
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        <valUSD>27747.23000000</valUSD>
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        <name>WILLIAMS SCOTS 6.625% 04/15/30</name>
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          <isin value="US96949VAN38"/>
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          <isin value="US35906ABE73"/>
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        <name>AMWINS GROUP I 6.375% 02/15/29</name>
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        <name>CNT PRNT/CDK GLO I 8% 06/15/29</name>
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        <name>WILLIAMS SCOTS 7.375% 10/01/31</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KENNEDY-WILSON  4.75% 03/01/29</name>
        <lei>N/A</lei>
        <title>KENNEDY-WILSON INC REGD 4.75000000</title>
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          <isin value="US489399AL90"/>
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        <curCd>USD</curCd>
        <valUSD>40577.04000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
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      <invstOrSec>
        <name>NATIONSTAR MTG HLD 6% 01/15/27</name>
        <lei>N/A</lei>
        <title>NATIONSTAR MTG HLD INC REGD 144A P/P 6.00000000</title>
        <cusip>63861CAA7</cusip>
        <identifiers>
          <isin value="US63861CAA71"/>
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        <curCd>USD</curCd>
        <valUSD>35044.91000000</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>2027-01-15</maturityDt>
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      <invstOrSec>
        <name>STAR PARENT INC 9% 10/01/30</name>
        <lei>254900GRGCJYRMDRWT73</lei>
        <title>STAR PARENT INC REGD 144A P/P 9.00000000</title>
        <cusip>855170AA4</cusip>
        <identifiers>
          <isin value="US855170AA41"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65849.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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      <invstOrSec>
        <name>SOTERA HEALTH  7.375% 06/01/31</name>
        <lei>N/A</lei>
        <title>SOTERA HEALTH HLDGS LLC REGD 144A P/P 7.37500000</title>
        <cusip>83600WAE9</cusip>
        <identifiers>
          <isin value="US83600WAE93"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46210.10000000</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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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>JELD-WEN INC 7% 09/01/32</name>
        <lei>N/A</lei>
        <title>JELD-WEN INC REGD 144A P/P 7.00000000</title>
        <cusip>47580PAA1</cusip>
        <identifiers>
          <isin value="US47580PAA12"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13188.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>HUDSON PACIFIC  5.95% 02/15/28</name>
        <lei>N/A</lei>
        <title>HUDSON PACIFIC PROPERTIE REGD 5.95000000</title>
        <cusip>44409MAD8</cusip>
        <identifiers>
          <isin value="US44409MAD83"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20913.37000000</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>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONCENTRA HEAL 6.875% 07/15/32</name>
        <lei>N/A</lei>
        <title>CONCENTRA HEALTH SERVICE REGD 144A P/P 6.87500000</title>
        <cusip>20600DAA1</cusip>
        <identifiers>
          <isin value="US20600DAA19"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41001.86000000</valUSD>
        <pctVal>0.141070955482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LCPR SR SECURE 5.125% 07/15/29</name>
        <lei>549300LE5FM8IKMXSP90</lei>
        <title>LCPR SR SECURED FIN DAC REGD 144A P/P 5.12500000</title>
        <cusip>50201DAD5</cusip>
        <identifiers>
          <isin value="US50201DAD57"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37148.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>SUBURBAN PROPANE P 5% 06/01/31</name>
        <lei>N/A</lei>
        <title>SUBURBAN PROPANE PARTNRS REGD 144A P/P 5.00000000</title>
        <cusip>864486AL9</cusip>
        <identifiers>
          <isin value="US864486AL98"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36594.19000000</valUSD>
        <pctVal>0.125905930813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>BEAZER HOMES US 7.25% 10/15/29</name>
        <lei>549300DUPYT2T0F60I45</lei>
        <title>BEAZER HOMES USA REGD SER WI 7.25000000</title>
        <cusip>07556QBT1</cusip>
        <identifiers>
          <isin value="US07556QBT13"/>
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        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14583.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>TRANSDIGM INC 4.875% 05/01/29</name>
        <lei>N/A</lei>
        <title>TRANSDIGM INC REGD SER WI 4.87500000</title>
        <cusip>893647BQ9</cusip>
        <identifiers>
          <isin value="US893647BQ97"/>
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        <balance>52000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50244.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>FREEDOM MORTGA 12.25% 10/01/30</name>
        <lei>549300LYRWPSYPK6S325</lei>
        <title>FREEDOM MORTGAGE CORP REGD 144A P/P 12.25000000</title>
        <cusip>35640YAL1</cusip>
        <identifiers>
          <isin value="US35640YAL11"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38541.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</annualizedRt>
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      <invstOrSec>
        <name>KEDRION SPA 6.5% 09/01/29</name>
        <lei>N/A</lei>
        <title>KEDRION SPA REGD 144A P/P 6.50000000</title>
        <cusip>49272YAB9</cusip>
        <identifiers>
          <isin value="US49272YAB92"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47968.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>WILLIAMS SCOTS 6.625% 06/15/29</name>
        <lei>N/A</lei>
        <title>WILLIAMS SCOTSMAN INC REGD 144A P/P 6.62500000</title>
        <cusip>96949VAM5</cusip>
        <identifiers>
          <isin value="US96949VAM54"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25361.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>RR DONNELLEY &amp; S 9.5% 08/01/29</name>
        <lei>SU4X0P4WWRGOQDTSV032</lei>
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        <cusip>257867BJ9</cusip>
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          <isin value="US257867BJ97"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NCL CORPORATION 7.75% 02/15/29</name>
        <lei>N/A</lei>
        <title>NCL CORPORATION LTD REGD 144A P/P 7.75000000</title>
        <cusip>62886HBG5</cusip>
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          <isin value="US62886HBG56"/>
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        <balance>35000.00000000</balance>
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        <valUSD>36152.83000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>MIWD HLDCO II/MI 5.5% 02/01/30</name>
        <lei>N/A</lei>
        <title>MIWD HLDCO II/MIWD FIN REGD 144A P/P 5.50000000</title>
        <cusip>55337PAA0</cusip>
        <identifiers>
          <isin value="US55337PAA03"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27110.12000000</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>SUBURBAN PROPA 5.875% 03/01/27</name>
        <lei>N/A</lei>
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          <isin value="US864486AK16"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INSULET CORPORAT 6.5% 04/01/33</name>
        <lei>549300TZTYD2PYN92D43</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KIMMERIDGE TEXAS 8.5% 02/15/30</name>
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        <cusip>49446BAA2</cusip>
        <identifiers>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILIAD HOLDING SAS 7% 04/15/32</name>
        <lei>9695009PXA7OI9NXN582</lei>
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        <cusip>449691AG9</cusip>
        <identifiers>
          <isin value="US449691AG96"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50744.09000000</valUSD>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MICHAELS COS IN 5.25% 05/01/28</name>
        <lei>549300H9LWMBP7HYLR98</lei>
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        <cusip>55916AAA2</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIEBOLD NIXDORF 7.75% 03/31/30</name>
        <lei>549300XZK6EWDBAZSY16</lei>
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        <cusip>253651AK9</cusip>
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          <isin value="US253651AK94"/>
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        <curCd>USD</curCd>
        <valUSD>62617.14000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHS/COMMUNITY HEAL 6% 01/15/29</name>
        <lei>N/A</lei>
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        <cusip>12543DBH2</cusip>
        <identifiers>
          <isin value="US12543DBH26"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27981.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CHOBANI LLC/FI 4.625% 11/15/28</name>
        <lei>N/A</lei>
        <title>CHOBANI LLC/FINANCE CORP REGD 144A P/P 4.62500000</title>
        <cusip>17027NAB8</cusip>
        <identifiers>
          <isin value="US17027NAB82"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29527.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OWENS &amp; MINOR IN 4.5% 03/31/29</name>
        <lei>549300LMT5KQQXCEZ733</lei>
        <title>OWENS &amp; MINOR INC REGD 144A P/P 4.50000000</title>
        <cusip>690732AF9</cusip>
        <identifiers>
          <isin value="US690732AF97"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16228.64000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>ARAMARK SERVICES I 5% 02/01/28</name>
        <lei>N/A</lei>
        <title>ARAMARK SERVICES INC REGD 144A P/P 5.00000000</title>
        <cusip>038522AQ1</cusip>
        <identifiers>
          <isin value="US038522AQ17"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68948.92000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NCL FINANCE LT 6.125% 03/15/28</name>
        <lei>N/A</lei>
        <title>NCL FINANCE LTD REGD 144A P/P 6.12500000</title>
        <cusip>62888HAA7</cusip>
        <identifiers>
          <isin value="US62888HAA77"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34774.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
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        <name>SERVICE PROPERT 4.95% 02/15/27</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SERVICE PROPERTIES TRUST REGD 4.95000000</title>
        <cusip>44106MAW2</cusip>
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          <isin value="US44106MAW29"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23790.81000000</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>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>ENOVA INTERNAT 9.125% 08/01/29</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>ENOVA INTERNATIONAL INC REGD 144A P/P 9.12500000</title>
        <cusip>29357KAK9</cusip>
        <identifiers>
          <isin value="US29357KAK97"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30716.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>9.12500000</annualizedRt>
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        <name>ATLAS LUXCO 4  4.625% 06/01/28</name>
        <lei>N/A</lei>
        <title>ATLAS LUXCO 4 / ALL UNI REGD 144A P/P 4.62500000</title>
        <cusip>019579AA9</cusip>
        <identifiers>
          <isin value="US019579AA90"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67092.82000000</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>2028-06-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>WALGREENS BOOTS  4.5% 11/18/34</name>
        <lei>549300RPTUOIXG4LIH86</lei>
        <title>WALGREENS BOOTS ALLIANCE REGD 4.50000000</title>
        <cusip>931427AB4</cusip>
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          <isin value="US931427AB40"/>
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        <valUSD>18876.80000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>ALLIANT HOLD /  6.75% 04/15/28</name>
        <lei>N/A</lei>
        <title>ALLIANT HOLD / CO-ISSUER REGD 144A P/P 6.75000000</title>
        <cusip>01883LAE3</cusip>
        <identifiers>
          <isin value="US01883LAE39"/>
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        <balance>75000.00000000</balance>
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        <valUSD>75602.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>COINBASE GLOBA 3.625% 10/01/31</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>COINBASE GLOBAL INC REGD 144A P/P 3.62500000</title>
        <cusip>19260QAD9</cusip>
        <identifiers>
          <isin value="US19260QAD97"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43437.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>LUMEN TECHNOLO 4.125% 04/15/29</name>
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      <invstOrSec>
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        <name>CHEMOURS CO 4.625% 11/15/29</name>
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      <invstOrSec>
        <name>CHART INDUSTRIES 9.5% 01/01/31</name>
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        <lei>W7L3VLU8EHQY34Z36697</lei>
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        <cusip>097751BT7</cusip>
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          <isin value="US097751BT78"/>
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        <name>LONG RIDGE ENER 8.75% 02/15/32</name>
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        <name>OXFORD FIN LLC 6.375% 02/01/27</name>
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        <cusip>69145LAC8</cusip>
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        <name>CLYDESDALE ACQU 8.75% 04/15/30</name>
        <lei>254900QKSDYFR3K5YD98</lei>
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        <name>AVIS BUDGET CAR 4.75% 04/01/28</name>
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          <isin value="US81761LAD47"/>
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        <name>LIGHT &amp; WONDER INT 7% 05/15/28</name>
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        <name>CVR ENERGY INC 8.5% 01/15/29</name>
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        <name>DISH NETWORK C 11.75% 11/15/27</name>
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        <name>OUTFRONT MEDIA 4.625% 03/15/30</name>
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        <name>KAISER ALUMINU 4.625% 03/01/28</name>
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        <name>VT TOPCO INC 8.5% 08/15/30</name>
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        <name>VIKING CRUISES LTD 7% 02/15/29</name>
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        <name>SCOTTS MIRACLE 4.375% 02/01/32</name>
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        <name>FREEDOM MORTGA 8.375% 04/01/32</name>
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        <name>PG&amp;E CORP V/R 03/15/55</name>
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        <name>EVERGREEN ACQCO 9.75% 04/26/28</name>
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        <name>CAESARS ENTERTAIN  6% 10/15/32</name>
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        <name>MOTION FINCO S 8.375% 02/15/32</name>
        <lei>N/A</lei>
        <title>MOTION FINCO SARL REGD 144A P/P 8.37500000</title>
        <cusip>61980LAB5</cusip>
        <identifiers>
          <isin value="US61980LAB53"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18954.01000000</valUSD>
        <pctVal>0.065213146450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</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>
      <invstOrSec>
        <name>FERTITTA ENTER 4.625% 01/15/29</name>
        <lei>N/A</lei>
        <title>FERTITTA ENTERTAINMENT REGD 144A P/P 4.62500000</title>
        <cusip>31556TAA7</cusip>
        <identifiers>
          <isin value="US31556TAA79"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55640.41000000</valUSD>
        <pctVal>0.191436334891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OWENS-BROCKWAY 7.375% 06/01/32</name>
        <lei>N/A</lei>
        <title>OWENS-BROCKWAY REGD 144A P/P 7.37500000</title>
        <cusip>69073TAV5</cusip>
        <identifiers>
          <isin value="US69073TAV52"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9770.65000000</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>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>POST HOLDINGS  4.625% 04/15/30</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST HOLDINGS INC REGD 144A P/P 4.62500000</title>
        <cusip>737446AQ7</cusip>
        <identifiers>
          <isin value="US737446AQ74"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89653.40000000</valUSD>
        <pctVal>0.308461391757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANIJAY ENTERT 8.125% 05/01/29</name>
        <lei>N/A</lei>
        <title>BANIJAY ENTERTAINMENT REGD 144A P/P 8.12500000</title>
        <cusip>060335AB2</cusip>
        <identifiers>
          <isin value="US060335AB23"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25646.74000000</valUSD>
        <pctVal>0.088240146100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SERVICE PROPERT 4.95% 10/01/29</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SERVICE PROPERTIES TRUST REGD 4.95000000</title>
        <cusip>44106MBB7</cusip>
        <identifiers>
          <isin value="US44106MBB72"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23579.22000000</valUSD>
        <pctVal>0.081126639009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BLUELINX HOLDING 6% 11/15/29</name>
        <lei>549300YSX7GU28F5I540</lei>
        <title>BLUELINX HOLDING REGD 144A P/P 6.00000000</title>
        <cusip>09624HAA7</cusip>
        <identifiers>
          <isin value="US09624HAA77"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19040.39000000</valUSD>
        <pctVal>0.065510345385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CERDIA FINANZ  9.375% 10/03/31</name>
        <lei>N/A</lei>
        <title>CERDIA FINANZ GMBH REGD 144A P/P 9.37500000</title>
        <cusip>15679GAC6</cusip>
        <identifiers>
          <isin value="US15679GAC69"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55481.25000000</valUSD>
        <pctVal>0.190888729166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOODYEAR TIRE &amp; 5.25% 04/30/31</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GOODYEAR TIRE &amp; RUBBER REGD 5.25000000</title>
        <cusip>382550BJ9</cusip>
        <identifiers>
          <isin value="US382550BJ95"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32641.06000000</valUSD>
        <pctVal>0.112304795981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>APOLLO CMMRL R 4.625% 06/15/29</name>
        <lei>549300E0AN7M2AQHSY29</lei>
        <title>APOLLO CMMRL REAL EST FI REGD 144A P/P 4.62500000</title>
        <cusip>03762UAD7</cusip>
        <identifiers>
          <isin value="US03762UAD72"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27735.32000000</valUSD>
        <pctVal>0.095426112205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMMIT MIDSTRE 8.625% 10/31/29</name>
        <lei>N/A</lei>
        <title>SUMMIT MIDSTREAM HOLDING REGD 144A P/P 8.62500000</title>
        <cusip>86614JAA3</cusip>
        <identifiers>
          <isin value="US86614JAA34"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54246.04000000</valUSD>
        <pctVal>0.186638866966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RAVEN ACQUISIT 6.875% 11/15/31</name>
        <lei>N/A</lei>
        <title>RAVEN ACQUISITION HOLDIN REGD 144A P/P 6.87500000</title>
        <cusip>75420NAA1</cusip>
        <identifiers>
          <isin value="US75420NAA19"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78227.62000000</valUSD>
        <pctVal>0.269149865359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UKG INC 6.875% 02/01/31</name>
        <lei>N/A</lei>
        <title>UKG INC REGD 144A P/P 6.87500000</title>
        <cusip>90279XAA0</cusip>
        <identifiers>
          <isin value="US90279XAA00"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154463.10000000</valUSD>
        <pctVal>0.531445575975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>XEROX HOLDINGS C 5.5% 08/15/28</name>
        <lei>5493000Y33XDVO2CXC18</lei>
        <title>XEROX HOLDINGS CORP REGD 144A P/P 5.50000000</title>
        <cusip>98421MAB2</cusip>
        <identifiers>
          <isin value="US98421MAB28"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28940.17000000</valUSD>
        <pctVal>0.099571517821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BATH &amp; BODY WOR 6.95% 03/01/33</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>BATH &amp; BODY WORKS INC REGD 6.95000000</title>
        <cusip>532716AK3</cusip>
        <identifiers>
          <isin value="US532716AK37"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19833.35000000</valUSD>
        <pctVal>0.068238602710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VICTRA HLDG/VIC 8.75% 09/15/29</name>
        <lei>N/A</lei>
        <title>VICTRA HLDG/VICTRA FIN REGD 144A P/P 8.75000000</title>
        <cusip>92648DAA4</cusip>
        <identifiers>
          <isin value="US92648DAA46"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30495.18000000</valUSD>
        <pctVal>0.104921683557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VALVOLINE INC 3.625% 06/15/31</name>
        <lei>549300CMHPBEY6VPOT75</lei>
        <title>VALVOLINE INC REGD 144A P/P 3.62500000</title>
        <cusip>92047WAG6</cusip>
        <identifiers>
          <isin value="US92047WAG69"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30684.66000000</valUSD>
        <pctVal>0.105573608242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LANDSEA HOMES  8.875% 04/01/29</name>
        <lei>549300RP8AZAKHNILS36</lei>
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        <name>PEBBLEBROOK HO 6.375% 10/15/29</name>
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        <name>COMPASS GROUP DIVE 5% 01/15/32</name>
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        <name>ADAPTHEALTH LL 6.125% 08/01/28</name>
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        <name>VITAL ENERGY IN 9.75% 10/15/30</name>
        <lei>549300X0PTWU2QSLSL14</lei>
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        <cusip>516806AJ5</cusip>
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        <name>WALGREENS BOOTS  4.1% 04/15/50</name>
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        <name>COMMSCOPE LLC 9.5% 12/15/31</name>
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        <name>VIRIDIEN 10% 10/15/30</name>
        <lei>969500FCVQ5SLAAUJV59</lei>
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        <name>BOMBARDIER INC 7% 06/01/32</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
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        <cusip>097751CC3</cusip>
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        <name>FRONTIER FLORID 6.86% 02/01/28</name>
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        <name>SCIENCE APPLIC 4.875% 04/01/28</name>
        <lei>549300LZPNZIXQGZPZ48</lei>
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        <cusip>808625AA5</cusip>
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        <name>TGNR INTERMEDIAT 5.5% 10/15/29</name>
        <lei>5493007AZNVKZ5HEMT23</lei>
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      <invstOrSec>
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      <invstOrSec>
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        <name>GOODYEAR TIRE &amp; RU 5% 07/15/29</name>
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        <name>VISTAJET MALTA 6.375% 02/01/30</name>
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        <name>MCGRAW-HILL EDU 5.75% 08/01/28</name>
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        <name>CITGO PETROLEU 6.375% 06/15/26</name>
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        <name>CLARIOS GLOBAL  6.75% 05/15/28</name>
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        <name>GRAY MEDIA INC 10.5% 07/15/29</name>
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        <name>NEWFOLD DIGITA 11.75% 10/15/28</name>
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        <name>LINDBLAD EXPEDITIO 9% 05/15/28</name>
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        <lei>254900XBEE6V1ENYS150</lei>
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        <name>COGENT COMMS GRP / 7% 06/15/27</name>
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        <name>GLOBAL AUTO HO/ 11.5% 08/15/29</name>
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        <name>SELECT MEDICAL  6.25% 12/01/32</name>
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        <name>AETHON UN/AETHIN 7.5% 10/01/29</name>
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        <name>ZIPRECRUITER INC 5% 01/15/30</name>
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        <name>CLUE OPCO LLC 9.5% 10/15/31</name>
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        <name>GCI LLC 4.75% 10/15/28</name>
        <lei>N/A</lei>
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        <name>ELANCO ANIMAL H 6.65% 08/28/28</name>
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        <name>ENERGIZER HOLDI 4.75% 06/15/28</name>
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        <name>CHEMOURS CO 8% 01/15/33</name>
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        <name>MARRIOTT OWNERSH 4.5% 06/15/29</name>
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        <name>CITGO PETROLEU 8.375% 01/15/29</name>
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        <name>NEPTUNE BIDCO U 9.29% 04/15/29</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CABLEVISION LI 3.875% 09/15/27</name>
        <lei>N/A</lei>
        <title>CABLEVISION LIGHTPATH REGD 144A P/P 3.87500000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILIAD HOLDING SAS 7% 10/15/28</name>
        <lei>9695009PXA7OI9NXN582</lei>
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        <cusip>449691AC8</cusip>
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          <isin value="US449691AC82"/>
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        <valUSD>55719.24000000</valUSD>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHURCHILL DOWNS 4.75% 01/15/28</name>
        <lei>529900FODTBQC8MIS994</lei>
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        <cusip>171484AE8</cusip>
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          <isin value="US171484AE81"/>
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        <curCd>USD</curCd>
        <valUSD>43646.26000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENERGIZER HOLD 4.375% 03/31/29</name>
        <lei>5493000D6NN0V57UME20</lei>
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        <cusip>29272WAD1</cusip>
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          <isin value="US29272WAD11"/>
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        <valUSD>46717.89000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENCINO ACQUISITI 8.5% 05/01/28</name>
        <lei>N/A</lei>
        <title>ENCINO ACQUISITION PARTN REGD 144A P/P 8.50000000</title>
        <cusip>29254BAA5</cusip>
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          <isin value="US29254BAA52"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40064.28000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALPHA GENERATIO 6.75% 10/15/32</name>
        <lei>254900K5V62L4YGVKF49</lei>
        <title>ALPHA GENERATION LLC REGD 144A P/P 6.75000000</title>
        <cusip>02073LAA9</cusip>
        <identifiers>
          <isin value="US02073LAA98"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61200.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DELEK LOG PART 7.125% 06/01/28</name>
        <lei>N/A</lei>
        <title>DELEK LOG PART/FINANCE REGD 144A P/P 7.12500000</title>
        <cusip>24665FAC6</cusip>
        <identifiers>
          <isin value="US24665FAC68"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24725.44000000</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>SIX FLAGS/CANAD 5.25% 07/15/29</name>
        <lei>N/A</lei>
        <title>SIX FLAGS/CANADA WON REGD 5.25000000</title>
        <cusip>150190AE6</cusip>
        <identifiers>
          <isin value="US150190AE64"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33312.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STATION CASINOS  4.5% 02/15/28</name>
        <lei>N/A</lei>
        <title>STATION CASINOS LLC REGD 144A P/P 4.50000000</title>
        <cusip>857691AG4</cusip>
        <identifiers>
          <isin value="US857691AG41"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43455.82000000</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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      <invstOrSec>
        <name>K HOVNANIAN EN 11.75% 09/30/29</name>
        <lei>N/A</lei>
        <title>K HOVNANIAN ENTERPRISES REGD 144A P/P 11.75000000</title>
        <cusip>48251UAM0</cusip>
        <identifiers>
          <isin value="US48251UAM09"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31821.60000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>PENN ENTERTAIN 5.625% 01/15/27</name>
        <lei>N/A</lei>
        <title>PENN ENTERTAINMENT INC REGD 144A P/P 5.62500000</title>
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          <isin value="US707569AS84"/>
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        <curCd>USD</curCd>
        <valUSD>34473.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>RAKUTEN GROUP INC V/R /PERP/</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>RAKUTEN GROUP INC REGD V/R /PERP/ 144A P/P 8.12500000</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ACCO BRANDS COR 4.25% 03/15/29</name>
        <lei>JCT8P4Y190IH4I1NX328</lei>
        <title>ACCO BRANDS CORP REGD 144A P/P 4.25000000</title>
        <cusip>00081TAK4</cusip>
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          <isin value="US00081TAK43"/>
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          <couponKind>Fixed</couponKind>
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        <name>HEALTHEQUITY INC 4.5% 10/01/29</name>
        <lei>529900LRJU1RAFQHM467</lei>
        <title>HEALTHEQUITY INC REGD 144A P/P 4.50000000</title>
        <cusip>42226AAA5</cusip>
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          <isin value="US42226AAA51"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AG ISSUER LLC 6.25% 03/01/28</name>
        <lei>N/A</lei>
        <title>AG ISSUER LLC REGD 144A P/P 6.25000000</title>
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          <isin value="US00119LAA98"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LABL INC 8.625% 10/01/31</name>
        <lei>N/A</lei>
        <title>LABL INC REGD 144A P/P 8.62500000</title>
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          <isin value="US50168QAF28"/>
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        <curCd>USD</curCd>
        <valUSD>49119.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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        <name>TENET HEALTHCA 6.875% 11/15/31</name>
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        <name>RAIN CARBON IN 12.25% 09/01/29</name>
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        <name>CHS/COMMUNITY HEAL 8% 12/15/27</name>
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          <isin value="US12543DBD12"/>
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        <name>WALGREENS BOOT 8.125% 08/15/29</name>
        <lei>549300RPTUOIXG4LIH86</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CONNECT FINCO SARL 9% 09/15/29</name>
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        <name>VIKING CRUISES 5.875% 09/15/27</name>
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        <name>BEAZER HOMES U 5.875% 10/15/27</name>
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        <name>ALLIANT HOLD / C 6.5% 10/01/31</name>
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        <name>CROCS INC 4.125% 08/15/31</name>
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        <name>GLOBAL PART/GLP 8.25% 01/15/32</name>
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      <invstOrSec>
        <name>BAUSCH + LOMB  8.375% 10/01/28</name>
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        <name>STATION CASINO 4.625% 12/01/31</name>
        <lei>N/A</lei>
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          <isin value="US857691AH24"/>
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        <fairValLevel>2</fairValLevel>
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        <name>OUTFRONT MEDIA CAP 5% 08/15/27</name>
        <lei>N/A</lei>
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        <cusip>69007TAB0</cusip>
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        <name>HUDSON PACIFIC  3.95% 11/01/27</name>
        <lei>N/A</lei>
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          <isin value="US44409MAA45"/>
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        <fairValLevel>2</fairValLevel>
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        <name>RAKUTEN GROUP INC V/R /PERP/</name>
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        <cusip>75102WAA6</cusip>
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          <isin value="US75102WAA62"/>
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        <valUSD>47403.01000000</valUSD>
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        <invCountry>JP</invCountry>
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        <name>TK ELEVATOR US  5.25% 07/15/27</name>
        <lei>N/A</lei>
        <title>TK ELEVATOR US NEWCO INC REGD 144A P/P 5.25000000</title>
        <cusip>92537RAA7</cusip>
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          <isin value="US92537RAA77"/>
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        <valUSD>98565.72000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GRIFFON CORPORA 5.75% 03/01/28</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>GRIFFON CORPORATION REGD 5.75000000</title>
        <cusip>398433AP7</cusip>
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          <isin value="US398433AP71"/>
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        <balance>65000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BEACON ROOFING 4.125% 05/15/29</name>
        <lei>549300HDXQWWCBOYXP31</lei>
        <title>BEACON ROOFING SUPPLY IN REGD 144A P/P 4.12500000</title>
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      <invstOrSec>
        <name>LIGHT &amp; WONDER I 7.5% 09/01/31</name>
        <lei>N/A</lei>
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        <cusip>531968AA3</cusip>
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          <isin value="US531968AA36"/>
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        <valUSD>35987.38000000</valUSD>
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        <name>WINDSOR HOLDINGS 8.5% 06/15/30</name>
        <lei>254900IXUJZ9H146T437</lei>
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        <cusip>97360AAA5</cusip>
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          <isin value="US97360AAA51"/>
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        <name>BROOKFIELD RESID P 5% 06/15/29</name>
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          <isin value="US11283YAG52"/>
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        <name>ANYWHERE REAL EST/ 7% 04/15/30</name>
        <lei>N/A</lei>
        <title>ANYWHERE REAL EST/CO-ISS REGD 144A P/P 7.00000000</title>
        <cusip>75606DAS0</cusip>
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          <isin value="US75606DAS09"/>
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        <name>KENNEDY-WILSON  4.75% 02/01/30</name>
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        <name>OLYMPUS WTR US 7.125% 10/01/27</name>
        <lei>549300YU2GGVCBN3MY89</lei>
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      <invstOrSec>
        <name>LABL INC 9.5% 11/01/28</name>
        <lei>N/A</lei>
        <title>LABL INC REGD 144A P/P 9.50000000</title>
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        <lei>W7L3VLU8EHQY34Z36697</lei>
        <title>BOMBARDIER INC REGD 144A P/P 8.75000000</title>
        <cusip>097751CA7</cusip>
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          <isin value="US097751CA78"/>
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        <curCd>USD</curCd>
        <valUSD>48274.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CABLE ONE INC 4% 11/15/30</name>
        <lei>549300648QS85T0XSH18</lei>
        <title>CABLE ONE INC REGD 144A P/P 4.00000000</title>
        <cusip>12685JAC9</cusip>
        <identifiers>
          <isin value="US12685JAC99"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32579.78000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CEC ENTERTAINME 6.75% 05/01/26</name>
        <lei>N/A</lei>
        <title>CEC ENTERTAINMENT LLC REGD 144A P/P 6.75000000</title>
        <cusip>125137AC3</cusip>
        <identifiers>
          <isin value="US125137AC31"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39334.18000000</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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      <invstOrSec>
        <name>SPIRIT AEROSYST 9.75% 11/15/30</name>
        <lei>N/A</lei>
        <title>SPIRIT AEROSYSTEMS INC REGD 144A P/P 9.75000000</title>
        <cusip>85205TAR1</cusip>
        <identifiers>
          <isin value="US85205TAR14"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>83111.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FRONTIER COMMUNICA 6% 01/15/30</name>
        <lei>N/A</lei>
        <title>FRONTIER COMMUNICATIONS REGD 144A P/P 6.00000000</title>
        <cusip>35908MAB6</cusip>
        <identifiers>
          <isin value="US35908MAB63"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60260.34000000</valUSD>
        <pctVal>0.207331661087</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>VERMILION ENER 6.875% 05/01/30</name>
        <lei>WT03B8BB1IX8WI9ZGV02</lei>
        <title>VERMILION ENERGY INC REGD 144A P/P 6.87500000</title>
        <cusip>923725AD7</cusip>
        <identifiers>
          <isin value="US923725AD77"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26252.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ELLUCIAN HOLDING 6.5% 12/01/29</name>
        <lei>N/A</lei>
        <title>ELLUCIAN HOLDINGS INC REGD 144A P/P 6.50000000</title>
        <cusip>289178AA3</cusip>
        <identifiers>
          <isin value="US289178AA37"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45068.22000000</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>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>CHS/COMMUNITY  5.625% 03/15/27</name>
        <lei>N/A</lei>
        <title>CHS/COMMUNITY HEALTH SYS REGD 144A P/P 5.62500000</title>
        <cusip>12543DBG4</cusip>
        <identifiers>
          <isin value="US12543DBG43"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107365.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>ATI INC 5.125% 10/01/31</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ATI INC REGD 5.12500000</title>
        <cusip>01741RAM4</cusip>
        <identifiers>
          <isin value="US01741RAM43"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23682.25000000</valUSD>
        <pctVal>0.081481123916</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>NCR VOYIX CORP 5.125% 04/15/29</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>NCR VOYIX CORP REGD 144A P/P 5.12500000</title>
        <cusip>62886EBA5</cusip>
        <identifiers>
          <isin value="US62886EBA55"/>
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        <balance>23000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22148.62000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>TRIVIUM PACKAGIN 5.5% 08/15/26</name>
        <lei>N/A</lei>
        <title>TRIVIUM PACKAGING FIN REGD 144A P/P 5.50000000</title>
        <cusip>89686QAA4</cusip>
        <identifiers>
          <isin value="US89686QAA40"/>
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        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64424.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ADAPTHEALTH LL 4.625% 08/01/29</name>
        <lei>N/A</lei>
        <title>ADAPTHEALTH LLC REGD 144A P/P 4.62500000</title>
        <cusip>00653VAC5</cusip>
        <identifiers>
          <isin value="US00653VAC54"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31324.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>CAESARS ENTERT 4.625% 10/15/29</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CAESARS ENTERTAIN INC REGD 144A P/P 4.62500000</title>
        <cusip>12769GAA8</cusip>
        <identifiers>
          <isin value="US12769GAA85"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64691.79000000</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>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>ZAYO GROUP HOLDING 4% 03/01/27</name>
        <lei>529900Z6OTS7RT0V0I47</lei>
        <title>ZAYO GROUP HOLDINGS INC REGD 144A P/P 4.00000000</title>
        <cusip>98919VAA3</cusip>
        <identifiers>
          <isin value="US98919VAA35"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78406.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GLOBAL INFRASTRU 7.5% 04/15/32</name>
        <lei>2549003BGLQITAJ6ZT28</lei>
        <title>GLOBAL INFRASTRUCTURE SO REGD 144A P/P 7.50000000</title>
        <cusip>37960XAB3</cusip>
        <identifiers>
          <isin value="US37960XAB38"/>
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        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14731.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>CLARIOS GLOBAL  6.75% 02/15/30</name>
        <lei>N/A</lei>
        <title>CLARIOS GLOBAL LP/US FIN REGD 144A P/P 6.75000000</title>
        <cusip>18060TAD7</cusip>
        <identifiers>
          <isin value="US18060TAD72"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45823.50000000</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>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>COMMSCOPE LLC 4.75% 09/01/29</name>
        <lei>N/A</lei>
        <title>COMMSCOPE LLC REGD 144A P/P 4.75000000</title>
        <cusip>203372AX5</cusip>
        <identifiers>
          <isin value="US203372AX50"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48613.18000000</valUSD>
        <pctVal>0.167258454900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FERRELLGAS LP/ 5.375% 04/01/26</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US315289AA69"/>
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        <valUSD>38930.78000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNIVISION COMMUN 4.5% 05/01/29</name>
        <lei>N/A</lei>
        <title>UNIVISION COMMUNICATIONS REGD 144A P/P 4.50000000</title>
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          <isin value="US914906AV42"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMWINS GROUP I 4.875% 06/30/29</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US031921AB57"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47784.63000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>UNITI GROUP/CSL 10.5% 02/15/28</name>
        <lei>N/A</lei>
        <title>UNITI GROUP/CSL CAPITAL REGD 144A P/P 10.50000000</title>
        <cusip>91327TAA9</cusip>
        <identifiers>
          <isin value="US91327TAA97"/>
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        <balance>177000.00000000</balance>
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        <valUSD>188076.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LUMEN TECHNOLO 4.125% 04/15/30</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
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        <cusip>550241AC7</cusip>
        <identifiers>
          <isin value="US550241AC74"/>
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        <valUSD>14100.00000000</valUSD>
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      <invstOrSec>
        <name>HERTZ CORP/TH 12.625% 07/15/29</name>
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          <isin value="US428040DC08"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CLEAR CHANNEL  5.125% 08/15/27</name>
        <lei>254900XBEE6V1ENYS150</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>70000.00000000</balance>
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        <valUSD>68128.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GATES CORPORAT 6.875% 07/01/29</name>
        <lei>N/A</lei>
        <title>GATES CORPORATION/DE REGD 144A P/P 6.87500000</title>
        <cusip>367398AA2</cusip>
        <identifiers>
          <isin value="US367398AA27"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35555.77000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GRUBHUB HOLDINGS 5.5% 07/01/27</name>
        <lei>N/A</lei>
        <title>GRUBHUB HOLDINGS INC REGD 144A P/P 5.50000000</title>
        <cusip>40010PAA6</cusip>
        <identifiers>
          <isin value="US40010PAA66"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27143.51000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SOTHEBY'S 7.375% 10/15/27</name>
        <lei>N/A</lei>
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        <cusip>835898AH0</cusip>
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          <isin value="US835898AH05"/>
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        <balance>45000.00000000</balance>
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        <valUSD>42460.28000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>TEINE ENERGY L 6.875% 04/15/29</name>
        <lei>N/A</lei>
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          <isin value="US879068AB03"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US69867DAA63"/>
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        <name>COGENT COMM GROUP  7% 06/15/27</name>
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          <isin value="US19240CAE30"/>
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          <isin value="US62886HBR12"/>
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        <valUSD>112369.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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        <name>FRONTIER COMMUN 6.75% 05/01/29</name>
        <lei>N/A</lei>
        <title>FRONTIER COMMUNICATIONS REGD 144A P/P 6.75000000</title>
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          <isin value="US35906ABG22"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROCKET SOFTWARE IN 9% 11/28/28</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SABRE GLBL INC 10.75% 11/15/29</name>
        <lei>N/A</lei>
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          <isin value="US78573NAL64"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENNEDY-WILSON INC 5% 03/01/31</name>
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          <isin value="US489399AM73"/>
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        <name>AMERICAN AXLE &amp;  6.5% 04/01/27</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GENESIS ENERGY LP/ 8% 05/15/33</name>
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          <isin value="US37185LAR33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MEDLINE BORROWE 5.25% 10/01/29</name>
        <lei>254900QT3R363TVK6F09</lei>
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        <cusip>62482BAB8</cusip>
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          <isin value="US62482BAB80"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONSTAR MTG 5.125% 12/15/30</name>
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        <cusip>63861CAD1</cusip>
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        <valUSD>35131.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-15</maturityDt>
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        <name>WASTE PRO USA INC 7% 02/01/33</name>
        <lei>549300BY1QXU5BI3UF28</lei>
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        <cusip>94107JAC7</cusip>
        <identifiers>
          <isin value="US94107JAC71"/>
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        <curCd>USD</curCd>
        <valUSD>56252.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VITAL ENERGY IN 7.75% 07/31/29</name>
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        <cusip>516806AH9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>NESCO HOLDINGS I 5.5% 04/15/29</name>
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        <cusip>64083YAA9</cusip>
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        <name>PROG HOLDINGS INC 6% 11/15/29</name>
        <lei>549300DHYTLBOVRXIG52</lei>
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        <cusip>74319RAA9</cusip>
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        <name>CALPINE CORP 4.625% 02/01/29</name>
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          <isin value="US131347CP95"/>
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        <name>EQUIPMENTSHARE.COM 8% 03/15/33</name>
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        <cusip>29450YAC3</cusip>
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        <name>ROLLER BEARING 4.375% 10/15/29</name>
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        <name>HELIOS SOFT/IO 4.625% 05/01/28</name>
        <lei>N/A</lei>
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          <isin value="US42329HAA68"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TALLGRASS NRG PRTN 6% 03/01/27</name>
        <lei>N/A</lei>
        <title>TALLGRASS NRG PRTNR/FIN REGD 144A P/P 6.00000000</title>
        <cusip>87470LAG6</cusip>
        <identifiers>
          <isin value="US87470LAG68"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29641.39000000</valUSD>
        <pctVal>0.101984134600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORTRESS INTERME 7.5% 06/01/31</name>
        <lei>N/A</lei>
        <title>FORTRESS INTERMEDIATE REGD 144A P/P 7.50000000</title>
        <cusip>34966MAA0</cusip>
        <identifiers>
          <isin value="US34966MAA09"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51173.85000000</valUSD>
        <pctVal>0.176068693352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VISTAJET MALTA 7.875% 05/01/27</name>
        <lei>N/A</lei>
        <title>VISTAJET MALTA/VM HOLDS REGD 144A P/P 7.87500000</title>
        <cusip>92840JAD1</cusip>
        <identifiers>
          <isin value="US92840JAD19"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24309.87000000</valUSD>
        <pctVal>0.083640512614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NFE FINANCING LLC 12% 11/15/29</name>
        <lei>N/A</lei>
        <title>NFE FINANCING LLC REGD 144A P/P MTN 12.00000000</title>
        <cusip>62909BAA5</cusip>
        <identifiers>
          <isin value="US62909BAA52"/>
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        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>120686.32000000</valUSD>
        <pctVal>0.415233222981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAISER ALUMINUM  4.5% 06/01/31</name>
        <lei>N/A</lei>
        <title>KAISER ALUMINUM CORP REGD 144A P/P 4.50000000</title>
        <cusip>483007AL4</cusip>
        <identifiers>
          <isin value="US483007AL48"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26985.56000000</valUSD>
        <pctVal>0.092846488755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERCER INTL I 12.875% 10/01/28</name>
        <lei>549300Z5IAG39VRTY874</lei>
        <title>MERCER INTL INC REGD 144A P/P 12.87500000</title>
        <cusip>588056BC4</cusip>
        <identifiers>
          <isin value="US588056BC44"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25576.21000000</valUSD>
        <pctVal>0.087997480658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARDONAGH FINCO  7.75% 02/15/31</name>
        <lei>N/A</lei>
        <title>ARDONAGH FINCO LTD REGD 144A P/P 7.75000000</title>
        <cusip>039853AA4</cusip>
        <identifiers>
          <isin value="US039853AA46"/>
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        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66229.09000000</valUSD>
        <pctVal>0.227867735927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUDSON PACIFIC  3.25% 01/15/30</name>
        <lei>N/A</lei>
        <title>HUDSON PACIFIC PROPERTIE REGD 3.25000000</title>
        <cusip>44409MAC0</cusip>
        <identifiers>
          <isin value="US44409MAC01"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16578.75000000</valUSD>
        <pctVal>0.057040829445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WATCO COS LLC/ 7.125% 08/01/32</name>
        <lei>N/A</lei>
        <title>WATCO COS LLC/FINANCE CO REGD 144A P/P 7.12500000</title>
        <cusip>941130AD8</cusip>
        <identifiers>
          <isin value="US941130AD86"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44945.91000000</valUSD>
        <pctVal>0.154640849676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SC GAMES HOLDI 6.625% 03/01/30</name>
        <lei>N/A</lei>
        <title>SC GAMES HOLDIN/US FINCO REGD 144A P/P 6.62500000</title>
        <cusip>80874DAA4</cusip>
        <identifiers>
          <isin value="US80874DAA46"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47648.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</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>
          <isLoanByFund>N</isLoanByFund>
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      </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>
