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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TALLGRASS NRG  7.375% 02/15/29</name>
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      <invstOrSec>
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      <invstOrSec>
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          <isin value="US69318FAM05"/>
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        <name>TALLGRASS NRG PRTN 6% 12/31/30</name>
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          <isin value="US428102AG28"/>
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        <fairValLevel>2</fairValLevel>
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        <name>DELEK LOG PART 8.625% 03/15/29</name>
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          <isin value="US24665FAD42"/>
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        <fairValLevel>2</fairValLevel>
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        <name>KINETIK HOLDIN 5.875% 06/15/30</name>
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          <isin value="US49461MAA80"/>
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        <valUSD>78246.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <cusip>12657NAB6</cusip>
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          <isin value="US12657NAB64"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>VIPER ENERGY I 7.375% 11/01/31</name>
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        <cusip>92763MAB1</cusip>
        <identifiers>
          <isin value="US92763MAB19"/>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSOCEAN INC 6.8% 03/15/38</name>
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        <cusip>893830AT6</cusip>
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          <isin value="US893830AT68"/>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>NABORS INDUSTR 8.875% 08/15/31</name>
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        <cusip>62957HAQ8</cusip>
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          <isin value="US62957HAQ83"/>
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        <name>SOUTH BOW CAN INF V/R 03/01/55</name>
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        <name>ALTAGAS LTD V/R 10/15/54</name>
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        <name>VENTURE GLOBAL  6.25% 01/15/30</name>
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          <isin value="US92328MAE30"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
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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>
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        <lei>N/A</lei>
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          <isin value="US893830BX61"/>
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        <valUSD>74348.93000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MURPHY OIL COR 5.875% 12/01/42</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
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        <identifiers>
          <isin value="US626717AG73"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
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      <invstOrSec>
        <name>NGL ENRGY OP/F 8.375% 02/15/32</name>
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          <isin value="US62922LAD01"/>
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      <invstOrSec>
        <name>ARCHROCK PARTN 6.625% 09/01/32</name>
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        <identifiers>
          <isin value="US03959KAD28"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SM ENERGY CO 7% 08/01/32</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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          <isin value="US78454LAY65"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50759.14000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>ENQUEST PLC 11.625% 11/01/27</name>
        <lei>2138008LJU6WFQWOXJ73</lei>
        <title>ENQUEST PLC REGD 144A P/P 11.62500000</title>
        <cusip>29357JAC0</cusip>
        <identifiers>
          <isin value="US29357JAC09"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34210.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASCENT RESOURCE 8.25% 12/31/28</name>
        <lei>N/A</lei>
        <title>ASCENT RESOURCES/ARU FIN REGD 144A P/P 8.25000000</title>
        <cusip>04364VAR4</cusip>
        <identifiers>
          <isin value="US04364VAR42"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40447.20000000</valUSD>
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        <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>VENTURE GLOBAL 3.875% 08/15/29</name>
        <lei>N/A</lei>
        <title>VENTURE GLOBAL CALCASIEU REGD 144A P/P 3.87500000</title>
        <cusip>92328MAA1</cusip>
        <identifiers>
          <isin value="US92328MAA18"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87116.91000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>VENTURE GLOBAL LNG 7% 01/15/30</name>
        <lei>54930011XLBUWMQUC829</lei>
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          <isin value="US92332YAE14"/>
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        <valUSD>108423.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRANSOCEAN POS 6.875% 02/01/27</name>
        <lei>N/A</lei>
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          <isin value="US89383JAA60"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>CRESCENT ENERGY 9.25% 02/15/28</name>
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          <isin value="US45344LAC72"/>
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        <name>ENCINO ACQUISIT 8.75% 05/01/31</name>
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          <isin value="US29254BAB36"/>
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        <name>NGL ENRGY OP/F 8.125% 02/15/29</name>
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          <isin value="US62922LAC28"/>
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          <isin value="US37185LAN29"/>
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      <invstOrSec>
        <name>PARKLAND CORP 5.875% 07/15/27</name>
        <lei>549300UY5C6HUV0XLS53</lei>
        <title>PARKLAND CORP REGD 144A P/P 5.87500000</title>
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          <isin value="US70137TAP03"/>
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        <valUSD>39690.40000000</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>5.87500000</annualizedRt>
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        <name>NABORS INDUSTRIE 7.5% 01/15/28</name>
        <lei>5493008TXYN3II3PU369</lei>
        <title>NABORS INDUSTRIES LTD REGD 144A P/P 7.50000000</title>
        <cusip>629571AB6</cusip>
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          <isin value="US629571AB69"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23904.02000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MAGNOLIA OIL G 6.875% 12/01/32</name>
        <lei>N/A</lei>
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          <isin value="US559665AB08"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <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>
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          <isin value="US87485LAD64"/>
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        <curCd>USD</curCd>
        <valUSD>43188.50000000</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>BUCKEYE PARTNE 4.125% 12/01/27</name>
        <lei>N/A</lei>
        <title>BUCKEYE PARTNERS LP REGD 4.12500000</title>
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        <identifiers>
          <isin value="US118230AR27"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28849.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BAYTEX ENERGY CO 8.5% 04/30/30</name>
        <lei>549300R5LTV2H7I1I079</lei>
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        <cusip>07317QAJ4</cusip>
        <identifiers>
          <isin value="US07317QAJ40"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55813.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>TRANSOCEAN INC 8% 02/01/27</name>
        <lei>N/A</lei>
        <title>TRANSOCEAN INC REGD 144A P/P 8.00000000</title>
        <cusip>893830BL2</cusip>
        <identifiers>
          <isin value="US893830BL24"/>
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        <balance>48000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44628.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KAROON USA FINA 10.5% 05/14/29</name>
        <lei>254900I4IZ164TOMZH46</lei>
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        <cusip>48575AAA9</cusip>
        <identifiers>
          <isin value="US48575AAA97"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29582.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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      <invstOrSec>
        <name>PERMIAN RESOURC 6.25% 02/01/33</name>
        <lei>N/A</lei>
        <title>PERMIAN RESOURC OPTG LLC REGD 144A P/P 6.25000000</title>
        <cusip>71424VAB6</cusip>
        <identifiers>
          <isin value="US71424VAB62"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78303.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>PARKLAND CORP 4.5% 10/01/29</name>
        <lei>549300UY5C6HUV0XLS53</lei>
        <title>PARKLAND CORP REGD 144A P/P 4.50000000</title>
        <cusip>70137WAG3</cusip>
        <identifiers>
          <isin value="US70137WAG33"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56639.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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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>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45340.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-31</maturityDt>
          <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>96000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87782.81000000</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>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>BORR IHC LTD  10.375% 11/15/30</name>
        <lei>N/A</lei>
        <title>BORR IHC LTD / BORR FIN REGD 144A P/P 10.37500000</title>
        <cusip>100018AB6</cusip>
        <identifiers>
          <isin value="US100018AB62"/>
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        <balance>47572.81000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41183.71000000</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>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.37500000</annualizedRt>
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      <invstOrSec>
        <name>ENERGEAN PLC 6.5% 04/30/27</name>
        <lei>549300RVMKU0CYUZBB05</lei>
        <title>ENERGEAN PLC REGD 144A P/P 6.50000000</title>
        <cusip>29280EAA7</cusip>
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          <isin value="US29280EAA73"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34453.13000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>GENESIS ENERGY  8.25% 01/15/29</name>
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        <title>GENESIS ENERGY LP/FIN REGD 8.25000000</title>
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          <isin value="US37185LAP76"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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      <invstOrSec>
        <name>HILCORP ENERGY  6.25% 04/15/32</name>
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        <title>HILCORP ENERGY I/HILCORP REGD 144A P/P 6.25000000</title>
        <cusip>431318AZ7</cusip>
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          <isin value="US431318AZ78"/>
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          <maturityDt>2032-04-15</maturityDt>
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        <name>HILCORP ENERGY I/H 6% 04/15/30</name>
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          <isin value="US431318AY04"/>
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        <valUSD>32917.91000000</valUSD>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>PERMIAN RESOURC OP 7% 01/15/32</name>
        <lei>N/A</lei>
        <title>PERMIAN RESOURC OPTG LLC REGD 144A P/P 7.00000000</title>
        <cusip>71424VAA8</cusip>
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          <isin value="US71424VAA89"/>
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        <curCd>USD</curCd>
        <valUSD>70540.40000000</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>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>SITIO ROYAL OP 7.875% 11/01/28</name>
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          <isin value="US82983MAB63"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46290.33000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <cusip>644393AB6</cusip>
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      <invstOrSec>
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        <lei>416AP2JOUTCWEGSOZW41</lei>
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        <name>HOWARD MIDSTRE 7.375% 07/15/32</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
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      <invstOrSec>
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        <lei>5493002WXPTG5ZC1T326</lei>
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        <cusip>552704AF5</cusip>
        <identifiers>
          <isin value="US552704AF51"/>
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        <valUSD>43465.08000000</valUSD>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>HESS MIDSTREAM 5.875% 03/01/28</name>
        <lei>N/A</lei>
        <title>HESS MIDSTREAM OPERATION REGD 144A P/P 5.87500000</title>
        <cusip>428102AH0</cusip>
        <identifiers>
          <isin value="US428102AH01"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55161.54000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>VIVO ENERGY IN 5.125% 09/24/27</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BUCKEYE PARTNERS 5.6% 10/15/44</name>
        <lei>N/A</lei>
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        <cusip>118230AP6</cusip>
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        <name>SEADRILL FINAN 8.375% 08/01/30</name>
        <lei>N/A</lei>
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        <cusip>81172QAA2</cusip>
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        <name>NUSTAR LOGISTICS L 6% 06/01/26</name>
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        <lei>N/A</lei>
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        <name>HARVEST MIDSTREA 7.5% 05/15/32</name>
        <lei>549300DW5M17KJOXCY66</lei>
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        <cusip>417558AB9</cusip>
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        <name>VIPER ENERGY I 5.375% 11/01/27</name>
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          <isin value="US91740PAF53"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MURPHY OIL CORP 6% 10/01/32</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
        <title>MURPHY OIL CORP REGD 6.00000000</title>
        <cusip>626717AP7</cusip>
        <identifiers>
          <isin value="US626717AP72"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40987.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59177.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SUNOCO LP/FINA 5.875% 03/15/28</name>
        <lei>N/A</lei>
        <title>SUNOCO LP/FINANCE CORP REGD SER WI 5.87500000</title>
        <cusip>86765LAN7</cusip>
        <identifiers>
          <isin value="US86765LAN73"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29882.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>ENERGY TRANSFER L V/R 10/01/54</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP REGD V/R 7.12500000</title>
        <cusip>29273VBC3</cusip>
        <identifiers>
          <isin value="US29273VBC37"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29819.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.12500000</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>KINETIK HOLDIN 6.625% 12/15/28</name>
        <lei>N/A</lei>
        <title>KINETIK HOLDINGS LP REGD 144A P/P 6.62500000</title>
        <cusip>49461MAB6</cusip>
        <identifiers>
          <isin value="US49461MAB63"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75612.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KODIAK GAS SERV 7.25% 02/15/29</name>
        <lei>N/A</lei>
        <title>KODIAK GAS SERVICES LLC REGD 144A P/P 7.25000000</title>
        <cusip>50012LAC8</cusip>
        <identifiers>
          <isin value="US50012LAC81"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55911.49000000</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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SUNOCO LP/FINANC 4.5% 05/15/29</name>
        <lei>N/A</lei>
        <title>SUNOCO LP/FINANCE CORP REGD SER WI 4.50000000</title>
        <cusip>86765LAT4</cusip>
        <identifiers>
          <isin value="US86765LAT44"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56918.33000000</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>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NUSTAR LOGISTI 6.375% 10/01/30</name>
        <lei>N/A</lei>
        <title>NUSTAR LOGISTICS LP REGD 6.37500000</title>
        <cusip>67059TAH8</cusip>
        <identifiers>
          <isin value="US67059TAH86"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45730.49000000</valUSD>
        <pctVal>0.406821343507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANTERO MIDSTREA 5.75% 03/01/27</name>
        <lei>N/A</lei>
        <title>ANTERO MIDSTREAM PART/FI REGD 144A P/P 5.75000000</title>
        <cusip>03690AAD8</cusip>
        <identifiers>
          <isin value="US03690AAD81"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49864.64000000</valUSD>
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        <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>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>VITAL ENERGY IN 9.75% 10/15/30</name>
        <lei>549300X0PTWU2QSLSL14</lei>
        <title>VITAL ENERGY INC REGD 9.75000000</title>
        <cusip>516806AJ5</cusip>
        <identifiers>
          <isin value="US516806AJ59"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21212.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
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      <invstOrSec>
        <name>CIVITAS RESOURC 8.75% 07/01/31</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>CIVITAS RESOURCES INC REGD 144A P/P 8.75000000</title>
        <cusip>17888HAB9</cusip>
        <identifiers>
          <isin value="US17888HAB96"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95177.82000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>VIRIDIEN 10% 10/15/30</name>
        <lei>969500FCVQ5SLAAUJV59</lei>
        <title>VIRIDIEN REGD 144A P/P 10.00000000</title>
        <cusip>12531QAA3</cusip>
        <identifiers>
          <isin value="US12531QAA31"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33135.03000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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        <name>BUCKEYE PARTNERS 4.5% 03/01/28</name>
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        <cusip>118230AU5</cusip>
        <identifiers>
          <isin value="US118230AU55"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33777.62000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>TGNR INTERMEDIAT 5.5% 10/15/29</name>
        <lei>5493007AZNVKZ5HEMT23</lei>
        <title>TGNR INTERMEDIATE HOLDIN REGD 144A P/P 5.50000000</title>
        <cusip>77289KAA3</cusip>
        <identifiers>
          <isin value="US77289KAA34"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50597.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>MATADOR RESOURC 6.25% 04/15/33</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>MATADOR RESOURCES CO REGD 144A P/P 6.25000000</title>
        <cusip>576485AH9</cusip>
        <identifiers>
          <isin value="US576485AH95"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56783.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SUNOCO LP/FINANCE  6% 04/15/27</name>
        <lei>N/A</lei>
        <title>SUNOCO LP/FINANCE CORP REGD SER WI 6.00000000</title>
        <cusip>86765LAQ0</cusip>
        <identifiers>
          <isin value="US86765LAQ05"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44891.15000000</valUSD>
        <pctVal>0.399354521558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CITGO PETROLEU 6.375% 06/15/26</name>
        <lei>N/A</lei>
        <title>CITGO PETROLEUM CORP REGD 144A P/P 6.37500000</title>
        <cusip>17302XAM8</cusip>
        <identifiers>
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        <fairValLevel>2</fairValLevel>
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        <name>HILCORP ENERGY 6.875% 05/15/34</name>
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        <name>BUCKEYE PARTNER 5.85% 11/15/43</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSOCEAN INC 7.5% 04/15/31</name>
        <lei>N/A</lei>
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          <isin value="US893830AF64"/>
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        <invCountry>KY</invCountry>

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        <name>RANGE RESOURCES 4.75% 02/15/30</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
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        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <name>AETHON UN/AETHIN 7.5% 10/01/29</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>549300R5LTV2H7I1I079</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>CQP HOLDCO LP/BI 5.5% 06/15/31</name>
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      <invstOrSec>
        <name>CRESCENT ENERG 7.375% 01/15/33</name>
        <lei>54930061FUL6DBLFUW14</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NOBLE FINANCE II L 8% 04/15/30</name>
        <lei>N/A</lei>
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        <name>CITGO PETROLEU 8.375% 01/15/29</name>
        <lei>N/A</lei>
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        <cusip>17302XAN6</cusip>
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          <isin value="US17302XAN66"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MATADOR RESOURCE 6.5% 04/15/32</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
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        <cusip>576485AG1</cusip>
        <identifiers>
          <isin value="US576485AG13"/>
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        <curCd>USD</curCd>
        <valUSD>62688.78000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
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        <name>ENCINO ACQUISITI 8.5% 05/01/28</name>
        <lei>N/A</lei>
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        <cusip>29254BAA5</cusip>
        <identifiers>
          <isin value="US29254BAA52"/>
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        <curCd>USD</curCd>
        <valUSD>57091.60000000</valUSD>
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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>
          <annualizedRt>8.50000000</annualizedRt>
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        <name>DELEK LOG PART 7.125% 06/01/28</name>
        <lei>N/A</lei>
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        <identifiers>
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        <fairValLevel>2</fairValLevel>
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        <name>SUNOCO LP/FINANCE  7% 09/15/28</name>
        <lei>N/A</lei>
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        <name>WILDFIRE INTERME 7.5% 10/15/29</name>
        <lei>5493003RHEMQJZEXIR02</lei>
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        <cusip>96812HAA6</cusip>
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        <name>CNX RESOURCES CORP 6% 01/15/29</name>
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        <name>CNX MIDSTREAM P 4.75% 04/15/30</name>
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        <name>VENTURE GLOBAL 3.875% 11/01/33</name>
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        <name>BLUE RACER MID LLC 7% 07/15/29</name>
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        <name>VENTURE GLOBAL 8.375% 06/01/31</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENTURE GLOBAL LNG INC REGD 144A P/P 8.37500000</title>
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        <name>BORR IHC LTD / BO 10% 11/15/28</name>
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      <invstOrSec>
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        <name>ROCKIES EXPRESS  7.5% 07/15/38</name>
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          <isin value="US27034RAC79"/>
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        <name>GLOBAL PART/GLP 8.25% 01/15/32</name>
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        <name>CALUMET SPECIA 8.125% 01/15/27</name>
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        <name>MATADOR RESOUR 6.875% 04/15/28</name>
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        <name>PARKLAND CORP 6.625% 08/15/32</name>
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        <name>SM ENERGY CO 6.75% 08/01/29</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <name>ROCKIES EXPRESS 4.95% 07/15/29</name>
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        <cusip>45344LAD5</cusip>
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        <name>HILCORP ENERGY  6.25% 11/01/28</name>
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        <name>W &amp; T OFFSHORE 10.75% 02/01/29</name>
        <lei>549300Q7EOY2YIO3YK85</lei>
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        <name>GENESIS ENERGY LP/ 8% 05/15/33</name>
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        <balance>85000.00000000</balance>
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      <invstOrSec>
        <name>TALLGRASS NRG PRTN 6% 03/01/27</name>
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          <isin value="US87470LAG68"/>
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        <valUSD>29641.39000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HESS MIDSTREAM 5.125% 06/15/28</name>
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          <isin value="US428104AA14"/>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ITHACA ENERGY  8.125% 10/15/29</name>
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        <identifiers>
          <isin value="US46567TAC80"/>
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        <valUSD>55190.03000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
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      <invstOrSec>
        <name>NFE FINANCING LLC 12% 11/15/29</name>
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          <isin value="US62909BAA52"/>
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        <invCountry>US</invCountry>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRANSMONTAIGNE P 8.5% 06/15/30</name>
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        <cusip>89377AAA3</cusip>
        <identifiers>
          <isin value="US89377AAA34"/>
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        <balance>35000.00000000</balance>
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        <valUSD>35277.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>TGS ASA 8.5% 01/15/30</name>
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          <isin value="US87243KAA79"/>
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        <curCd>USD</curCd>
        <valUSD>39722.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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    </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>
